Cyber Moody’s and BitSight partner to create integrated cybersecurity risk platform LEARN MORE Moody’s and Cyber Understanding and building cyber resilience The exponential rise of cyberattacks and ransomware has cost companies billions of dollars, threatened the stability of businesses across the globe and created an imperative for business leaders and boards to assess and quantify their cyber risk. Understanding cyber risk is critical to informing key strategy decisions – from security initiatives to budget allocation – and extends to a company’s supply chain risk, investor confidence, and operating transparently with regulators and the market. Through the transaction announced on September 13, 2021, Moody’s will make a significant investment in BitSight, a pioneer in cybersecurity ratings and analytics, and BitSight will acquire VisibleRisk, a cyber risk quantification joint venture created by Moody’s and Team8, a global venture group. Moody's investment advances its mission as a global integrated risk assessment firm – providing cybersecurity ratings and analytics at scale to help leaders make better decisions. Helping leaders build resilience and incorporate cybersecurity intelligence into corporate decision making Cyber Analytical Tools Credit ratings & research Reporting & benchmarking Cybersecurity ratings Financial quantification of cyber risk Credit ratings & research How is cyber risk integrated into credit analysis? Moody’s credit analysis seeks to incorporate all issues that can materially impact credit quality, including cyber risk, and aims to take the most forward-looking perspective, providing visibility into these material risks. We assess the inherent cyber risk exposure of 35 broad sectors based on two factors: vulnerability to a cyber event or attack, and the impact in terms of potential disruption of critical business processes, data disclosures and reputational effects. Given our new partnership with BitSight, we will explore integrating curated BitSight data and insights into our analysis. Credit implications of cyber risk will hinge on business disruptions, reputational effects Learn more » Cyber Risk – 2021 Outlook Learn more » Browse for more research » Global Cyber Risk Issuer Surveys How do issuers manage cyber risks? To assess the cyber risk preparedness of insurers, insurance brokers and asset managers, we surveyed 100 companies in North America and Europe. We globally surveyed issuers to assess their cyber risk preparedness owing to the financial, reputational and regulatory risks cyberattacks pose for the sectors. Cybersecurity experience & reporting Very large companies report more cyber expertise at the board level % of board directors with cyber credentials P&C insurers report on cyber to board committee twice a year on average Times per annum head of cybersecurity reports to board committee Global Cyber Risk Issuer Surveys Technology, Media and Telecommunications Learn more » Sovereigns Learn more » US State and Local Government Learn more » Insurers, Insurance Brokers and Asset Managers Learn more » North America Banks Learn more » Cybersecurity Ratings How do we measure cybersecurity risk, performance and exposure? BitSight is transforming how the market addresses cyber risk through cybersecurity ratings and analytics, helping leaders make critical decisions regarding risk management, quantify financial exposure, prioritize security initiatives, allocate budget and resources, and report effectiveness to board directors and stakeholders. ‍ Through the acquisition of VisibleRisk, BitSight will enhance these capabilities, allowing companies to conduct deeper analysis and better understand their overall cyber resilience. Third-Party Risk Management Security Performance Management Investment Risk Cyber Insurance National Cybersecurity BitSight exposes cyber risk within an organization’s third- and fourth-party supply chain ecosystem, helping organizations collaborate with vendors and in turn provide data to make confident, faster, more strategic cyber risk management decisions. LEARN MORE Financial quantification of cyber risk How can data and insights help quantify the impact of a potential cyber attack on a company’s financial performance? Financial quantification of cyber risk has become a critical issue for enterprises. BitSight offers an industry-leading financial quantification solution that allows decision makers to analyze and calculate an organization’s financial exposure to cyber risk. VisibleRisk has also developed an innovative approach to financial quantification of cyber risk. The transaction announced in September 2021 will allow BitSight and VisibleRisk to build on their leading offerings to deliver a suite of solutions and analytics that support financial quantification of cyber risk, measuring cyber value at risk and other critical analytics that serve a variety of stakeholders ranging from CISOs to executives. Learn more about VisibleRisk » Learn more about BitSight » Four primary risk factors Threat Fortitude Governance Risk Learn more about our cyber journey “Providing trusted insights and standards that help decision makers act with confidence is at the heart of our business. As the disruption and impact of cyber-related losses continues to grow exponentially, the ability to better understand, measure and manage cyber risk and exposure is critical. We are delighted to partner with BitSight, the leader in cybersecurity ratings, to help our customers build cyber knowledge to fortify operational resilience and support the growth of their businesses.” Dave Platt Moody’s Chief Strategy Officer Moody’s and BitSight announce creation of leading cybersecurity rating platform Moody’s and Team8 launch joint venture to create a global cyber risk standard Podcast: Telecom, media and tech companies focus on cyber risk LISTEN CONTACT AMERICAS +1.212.553.1653 EMEA +44.20.7772.5454 APAC +852.3551.3070 JAPAN +81.3.5408.4100 WHO WE ARE About Us History Our Companies & Affiliates Careers Investor Relations WHAT WE DO Overview Climate Cyber ESG Events Media Relations HOW WE WORK Overview Sustainability Diversity, Equity & Inclusion Gender & Finance Awards INSIGHTS Podcasts Infographics © 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). 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