Following an increase in ransomware cyber attacks, most notably May 2017’s WannaCry attack, U.S. public sector entities are starting to see the effects of these attacks on the almost $4 trillion municipal debt market. As a result, issuers are now starting to consider the cybersecurity posture of borrowers at the town, city, and local levels when they apply for bonds.
Article Link: https://www.bitsighttech.com/blog/cyber-risk-should-be-a-growing-concern-to-municipal-bond-market