Cyber risk management company Bitsight Technologies Inc. and credit ratings and research firm Moody’s Corp. today announced the launch of a new joint product that aims to strengthen market context for better-informed decisions.
Called “Implied Cyber Threat,” the new service is built on Bitsight’s cyber risk analytics engine and Moody’s Orbis company database to provide cyber risk insights and market context for more than 325 million organizations worldwide. The organizational coverage is claimed to be the highest in the market by a multiple of 25 times.
The product seeks to address the issue that as losses from cyber events continue to climb, cyber risk has become a primary consideration beyond the enterprise security suite. Bitsight and Moody’s argue that organizations need cyber risk insights into all third parties they do business with, which is where ICT steps in with analytics that facilitate a unified, comparable assessment of the risks organizations face.
ICT quantifies cyber risk for an organization based on Moody’s firmographic indicators, including company size, sector and georgraphy, along with a subset of Bitsight’s risk vectors including…
