• Moody's said Pitney Bowes' "solid financial position" would likely cushion the mail and logistics technology giant from significant impact from its October 14 ransomware attack. 
  • Business credit ratings agencies including Moody's are increasingly building cybersecurity risk into how they calculate outlook and credit ratings. 

Moody's issued a "credit negative" event note on the Monday ransomware attack against Pitney Bowes, one of the world's largest providers of equipment for e-commerce and logistics, which serves 90% of businesses in the Fortune 500.

Moody's said the incident "does not have an immediate impact to ratings" but is "credit negative," meaning the ratings agency is cautiously watching the incident but does not think the incident warrants an outlook or rating downgrade.