Cyber attacks can harm credit ratings mainly through reputational damage and potential monetary losses, it said in a report titled ‘Cyber Risk In A New Era: The Effect On Bank Ratings.’
“Cyber attacks have had only a limited effect on bank ratings to date but can trigger more rating actions in the future as cyber incidents become more frequent and complex,” said Credit Analyst Irina Velieva.
IMD Director General Dr Mrutyunjay Mohapatra said that Cyclone Yaas is likely to intensify into a “Very Severe Cyclonic Storm (VSCS)” by Tuesday evening and Chandbali is likely to witness the maximum damage caused by it.
“Rain has already started and will continue. Wind speeds in Kendrapara and Jagatsinghpur districts will reach around 80 kmph by midnight,” he said.
He said the impact will be severe for six hours before and after the landfall.
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