NEWS
Bitsight and Moody ’ s launch new cyber risk solution covering more than 325 million organisations
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 .
BeyondTrust named a leader in identity threat detection and response
BeyondTrust has been recognised as a leader in KuppingerCole Analysts AG ’ s 2024 Leadership Compass , Identity Threat Detection and Response ( ITDR ): IAM Meets the SOC . In addition to being recognised as an ‘ Overall Leader ’ in the report , BeyondTrust is also named as a leader in the Innovation , Product and Market categories .
The KuppingerCole Leadership Compass is an independent research report with in-depth ratings and reviews to help identity and security leaders choose solutions that can have the most comprehensive impact on their cybersecurity programs . the visibility and manageability of the organisation ’ s identity surface .”
Without active threat detection and monitoring , it can be challenging to differentiate between a valid user with compromised credentials and an adversary posing as that user .
“ The identity threat landscape is constantly evolving with an alarming rise in identitybased attacks ,” said Marc Maiffret , Chief Technology Officer at BeyondTrust .
“ BeyondTrust ’ s ITDR solution excels in a majority of the categories measured ,” said Mike Neuenschwander , VP KuppingerCole US and Global Head of Research Strategy . “ For example , we note in the report that BeyondTrust was able to identify more than 15,000 accounts and then associate those accounts with 5,000 identities – improving
“ This recognition as an ITDR Leader validates BeyondTrust as a trusted leader in identity security . We are the best unified vendor that helps organisations gain threataware context and protect their identity landscape across on-premises , clouds , identity providers , and SaaS environments from a single place .
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