![]() ![]() The rating agency cited the May 2021 cyber attack on Colonial Pipeline, which disrupted fuel deliveries to a large region across the South Eastern US and illustrates why the midstream energy sector has a high systemic role score. Specifically, integrated oil companies, technology and chemicals have a high systemic role, in part reflecting their interdependencies with sectors that Moody's identified as having “very high systemic role”, such as utilities and banks. Financial institutions, in particular, have a very high systemic role given the central function the broader banking system plays within a functioning economy, Moody's said.Īdvanced economies and emerging market sovereigns, regional and local governments, manufacturing, retail and integrated oil sectors have moderate risk, it added. “We point to the critical nature of their capital intensive and long-lived assets and services, the growing reliance on digitisation, and the improvements needed for selected cyber practices relative to other sectors,” it said.īanks, technology, telecommunications and midstream energy industries are at high risk. The Moody's report showed that sectors with very high risk include critical infrastructure such as electric, gas and water utilities, as well as not-for-profit hospitals - all of which heavily rely on data to power their operations. What is cyber crime and how can I protect myself online? If that were to be measured as a country, it would be the world's third-largest economy after the US and China, it said.īy 2025, such crimes are expected to cost the world about $10.5tn, up 250 per cent from 2015's $3tn, it added. Online criminal activity cost the world about $6tn last year, according to a study by research company Cybersecurity Ventures. “We point to the critical nature of their capital intensive and long-lived assets and services, the growing reliance on digitisation and the improvements needed for selected cyber practices relative to other sectors.”Ĭyber criminals continue to look for lucrative opportunities and tend to be where digital activity is most apparent, having increased their efforts to be a step ahead of organisations as digital adoption continues to rise. For K-12 leaders looking to avoid and/or mitigate common K-12 cyber incidents, the K12 SIX Essentials Series - developed by K-12 IT leaders, for K-12 IT leaders - offers advice on pragmatic, actionable K-12 cybersecurity defenses and incident response resources.“This does not mean the issuers within these sectors have weak cyber security practices … our 2022 cyber heat map points to rising risks for many sectors, while mitigation and other defensive measures are also becoming more prevalent,” Moody's said. As a benefit of membership, K12 SIX members are exclusively provided weekly updates on new K-12 incidents that will appear on the Map in future updates. **NOTE: The K-12 Cyber Incident Map is now on an annual (calendar year) update cycle, in parallel with the preparation and Q1 release of our annual ‘State of K-12 Cybersecurity’ analysis/trends report. Other cyber incidents resulting in school disruptions and unauthorized disclosures (red pins). Phishing attacks resulting in the disclosure of personal data (blue pins) ĭenial-of-service attacks (green pins) and Unauthorized disclosures, breaches or hacks resulting in the disclosure of personal data (purple pins) K-12 public schools and districts from 2016 through 2022.** ‘Cyber’ incidents include: Maintained as a service to the K-12 community, the K-12 Cyber Incident Map is an interactive visualization of cybersecurity-related incidents reported about U.S. The K-12 Cyber Incident Map 1,619 Incidents Between 2016-2022 ![]()
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