Hacked elections can harm sovereign credit ratings, Moody’s says


A voter completes her ballot on the day of the primary election in Louisville, Kentucky, US. Targeted attacks using social media are especially effective, and such interference from foreign actors became highly publicised in the 2016 US presidential election, the report said. — Reuters

The threat of cyberattackers subverting elections around the world puts not just democratic institutions at risk but also a country’s creditworthiness, according to Moody’s Investors Service.

Among countries with popular national elections, Moody’s sovereign-credit ratings and perceptions of electoral integrity are highly correlated, authors including Leroy Terrelonge, a cyber risk analyst, wrote in the report. Cyberattacks undermine that integrity, they wrote. The analysis uses rankings from the Electoral Integrity Project’s 2019 report.

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