Moody’s to invest $250m in BitSight.

Moody’s, an American business and financial services company, agreed to invest $250m in BitSight, a developer of a SaaS-based security rating platform designed to scale third-party risk programs. “As organizations invest in cyber defense and resilience, another critical need has emerged: the ability to accurately measure and quantify cyber risk and exposure. Creating transparency and enabling trust is at the core of Moody’s mission – to help organizations assess complex, interconnected risks and make more informed decisions. BitSight is the leader in the cybersecurity ratings space, and together we will help market participants across disciplines better understand, measure, and manage their cyber risks and translate that to the risk of financial loss," Rob Fauber, Moody’s President and CEO.