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.