Cyber attacks

Through proposed SEC regulations, federal grants and cybersecurity insurance, areas of the public finance industry are adjusting to costly and omnipresent cyber threats. 

The increasing number and frequency of cyber attacks against municipalities is a cause for credit concern, S&P Global Ratings says.

Attacks pose acute financial threats and longer term reputational and legal risks, analysts said.

The California Department of Finance aids the governor in drafting the preliminary budget that is released in January.

Increased use of third-party vendors by transportation issuers may be putting those entities at increased risk.

CommonSpirit Health priced more than $1 billion of debt on schedule Tuesday after disclosing a ransomware attack that has impacted some IT operations.

Cybercrime, inflation and more severe storms are among the increased risk factors confronting colleges and universities in the Southeast.

The nation's largest not-for-profit health system returns to the market with a mix of new money and refunding debt offering tax-exempts and taxables.

Municipal governments have become a target for online criminals. Experts warn their neglect of cybersecurity puts finances, services and vital records at risk.

Shortly after New Jersey state lawmaker Shama Haider introduced a bill to strengthen cybersecurity defenses, her own town of Tenafly faced a ransomware attack.