Moody’s Corporation (NYSE:MCO) announced that it has named Derek Vadala as Global Head of Cyber Risk for Moody’s Investors Service (MIS).
In this newly-established role, Mr. Vadala will develop MIS’s capabilities for evaluating cyber risk, including a framework for the consideration of cybersecurity risk in credit analysis, and will spearhead innovative research, analytics and market outreach in this area.
“As with environmental, social and governance risks, we see cyber risk as an area of increasing relevance to issuers, investors, counterparties and government authorities as it impacts operational and credit risk. Moody’s has a unique perspective that can help enhance market understanding of the ways credit and cyber risk intersect,” said Rob Fauber, President of Moody’s Investors Service. “Derek has a wealth of direct leadership experience in cyber and information security, and we are fortunate to have him lead the development of our cyber risk analysis capabilities.”
Mr. Vadala has served as Moody’s Chief Information Security Officer (CISO) since 2013 and has been with Moody’s since 2003. He has over 20 years of experience in information security and technology management and has spoken and published on topics including security risk management for large enterprises and systems administration.