Bitsight and Moody’s have 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 organisations worldwide – the highest coverage in the market by a factor of over 25x.
Matt McDonald, Managing Director, Moody’s, said: “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 leading firmographic indicators including company size, sector and geography, plus a unique subset of Bitsight’s risk vectors including botnet infections and open ports.
The result is a highly actionable inherent risk indicator, with a significant correlation to breach and ransomware.
“Our partnership with Moody’s is rooted in helping global institutions better understand, quantify and respond to cyber risk. By bringing together Bitsight cyber analytics with Moody’s leading company information, the market now has a powerful mechanism for assessing cyber risk at scale,” said Derek Vadala, Chief Risk Officer, Bitsight.
“The launch of the ICT is a critical step forward in ensuring cyber risk assessment capabilities are highly accessible and understandable to all business audiences.”
The ICT is now available to customers of Moody’s Orbis and Catalyst offerings.
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