Risk managers at large corporate organisations have been warned they are now in the crosshairs of cyber criminals with a surge in “big game hunting”.
Moody’s Ratings released its 2025 Cyber Outlook, highlighting growing concerns that the ability of criminals to use Artificial intelligence and ever more sophisticated strategies is putting larger corporations under increased credit risk.
“Ransomware perpetrators are now targeting larger organisations in search of higher ransom demands, leading to greater credit impact.
“This shift is likely to increase the cyber risk for entities rated by Moody’s and could lead to increased loss ratios for cyber insurers, impacting premium rates in the US,” said Leroy Terrelonge, Moody’s Ratings vice president and author of the Outlook report.
How the landscape is evolving
The company said risk managers needed to be alert to the rising threats particularly those in bigger organisations.
“In response to declining revenue per victim, cyber attackers are seeking to wring greater returns from their attacks by demanding higher ransoms,” Moody’s warned.
“We believe they are accomplishing this by targeting larger businesses…
