Financial services company Moody’s Corporation has named Derek Vadala as global head of cyber risk for Moody’s Investors Service (MIS), a newly created role.
In his new role, Vadala will be responsible for the development of MIS’s capabilities for evaluating cyber risk, including a framework for the consideration of cybersecurity risk in credit analysis, and he 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,” MIS president Rob Fauber said. “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.”
Vadala holds over 20 years of experience in information security and technology management. He joined Moody’s in 2003 and served as the firm’s chief information security officer from 2013.