Cyber risk manager Bitsight and Moody’s have launched a new cyber risk solution that will cover over 300 million organisations worldwide.
It was designed to provide cyber risk insights and valuable market context for more than 325 million organisations – the highest coverage in the market by a factor of over 25x according to Bitsight.
This new offering looks to facilitate a unified, comparable assessment of the risks – like losses from cyber events – businesses face in a digitised world.
“Cyberattacks and ransomware cost companies billions in losses every year, jeopardising global business stability and making cyber risk management a top priority for business leaders,” said Matt McDonald, Managing Director, Moody’s.
Adding: “The ICT will help our customers assess their third-party cyber risks. The scale of the ICT is a major advancement that will help provide actionable cyber risk insight into extended business ecosystems.”
The ICT quantifies the inherent cyber risk for an organisation based on Moody’s firmographic indicators…
