Cyber criminals eye big players for higher payouts, warns Moody’s

Ransomware attacks have been on the rise for the last few years with hackers leveraging data for payouts by companies. A recent report by Moody’s has said not only are ransomware attacks going to continue, but hackers are likely to target larger organisations through supply chain vulnerabilities. The aim of this would be to seek out large payouts and leveraging the vulnerabilities of third-party suppliers to access high-value organisations. This shift in turn is likely to increase the potential credit impact for a higher share of rated companies, Moody’s said.