Tag: Fitch Ratings

Fitch Ratings assesses that public power utilities’ cyber investment is key to mitigating greater risk

Fitch Ratings assesses that public power utilities’ cyber investment is key to mitigating greater risk

Credit rating agency Fitch Ratings identified that public power utilities should focus on increasing and prioritizing investments in cyber security, including operational technology (OT) and information technology (IT) investments, as well as implementing strong cyber policies and practices. The evaluation…

Fitch Ratings says EPA requirements could lead to rising costs, prove onerous for smaller systems

Fitch Ratings says EPA requirements could lead to rising costs, prove onerous for smaller systems

Credit rating agency Fitch Ratings identifies that the U.S. Environmental Protection Agency’s (EPA) requirement that all public water systems incorporate cyber risk and resiliency in their periodic reviews will add an increased regulatory and financial burden, which could be ‘onerous…

Cyberattacks on ICS/OT systems more likely to have credit, ESG impact than a corresponding IT attack, Fitch Ratings says

Cyberattacks on ICS/OT systems more likely to have credit, ESG impact than a corresponding IT attack, Fitch Ratings says

Credit rating agency Fitch Ratings views cyber risk as a growing threat for rated entities and considers an operational technology (OT) system attack to be more likely to affect credit than a corresponding attack on IT, due to the potential…