With 25x more coverage than other cyber security ratings companies, the new offering delivers stronger market context for better informed decisions and greater business resiliency
BOSTON, April 22, 2024 /PRNewswire/ — Bitsight, a global leader in cyber risk management, and Moody’s, a global leader in risk assessment, today announced the launch of the Implied Cyber Threat (ICT), an offering built on Bitsight’s leading cyber risk analytics engine and Moody’s Orbis company database. The ICT provides cyber risk insights and valuable market context for more than 325 million organizations worldwide – the highest coverage in the market by a factor of over 25x.
As the global economy becomes increasingly digital and losses from cyber events continue to climb, cyber risk has become a primary consideration beyond the enterprise security suite. Organizations need cyber risk insights into all third parties they do business with, including insureds, investments, and borrowers. The ICT is an industry-first analytic that facilitates a unified, comparable assessment of the inherent risks these organizations face.
“Cyberattacks and ransomware cost companies billions in losses every year, jeopardizing…
