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2 years ago

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Banks likely to see more rating downgrades from cybercrimes

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Banks likely to see more rating downgrades from cybercrimes

INCIDENCES of cyberattacks on banks, which have grown over the years, more so since the Covid-19 pandemic hit last year, can hurt their creditworthiness — a reality that the financial sector will increasingly have to grapple with going forward, experts say. To date, there have been only a few cases of credit rating agencies downgrading a bank's rating as a result of a cybercrime.

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Banks likely to see more rating downgrades from cybercrimes

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Banks likely to see more rating downgrades from cybercrimes

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