Moody’s Report – Utilities Cyber Readiness Tied to Scale and Business Model

What: New report from ratings agency Moody’s confirms larger, vertically integrated utilities more cyber resilient.

In brief: UtilityDive shared a recent research report from Moody’s Investor Services demonstrating that cybersecurity preparedness is an “increasingly important component of credit analysis” for electric utilities. Moody’s specifically points out that “large, privately owned regulated utilities have more robust cyber risk governance and management practices in place than state-owned or unregulated and not-for-profit peers,” and “smaller utilities, not-for-profits in particular, favor a risk transfer approach to cyber risk mitigation.”

Next: As water and wastewater utilities are keen to learn from peers in the electricity sector, members should find value in the report. Visit Moody’s to learn more about the report.