Moody’s and Team8 have invested in VisibleRisk, a cybersecurity-focused company launching a cyber rating service. This cyber rating service promises to revolutionize the cybersecurity landscape and make it easier for organizations to assess their risk and vulnerabilities.
VisibleRisk aims to help organizations quickly identify and plug any security holes in their systems. In this article, we’ll discuss how this new rating system could change the cybersecurity landscape and what benefits it offers.
Background of Moody’s and Team8’s investment in VisibleRisk
Moody’s, the global ratings agency and Team8, the global cyber-security think tank and venture fund have just announced an investment in VisibleRisk, a market leader in automated cyber rating solutions. This marks a major milestone in VisibleRisk’s development as a cybersecurity innovator and highlights the importance of using technology to enable meaningful insights and actionable reporting to address today’s complex challenges associated with security risks.
VisibleRisk’s automated cyber-rating tool provides an objective, consistent and comparative system for assessing, rating and monitoring the security profiles of public or private companies and critical infrastructure entities. By aggregating data from multiple sources including public domain data such as social media analytics, user feedback reviews or surveys, open source intelligence feeds about threats related to various IT technologies or services which might affect a company´s risk posture, external threats from service providers that might impact their services as well as proprietary internal threat intel feeds directly from each entity itself; VisibleRisk can accurately rate each organization on its predicted risk for specific attack scenarios.
The partnership between Moody’s and Team8 places VisibleRisk at the forefront of shaping responsible engineering culture through its tailored grading criteria that provides investors such banks, pension funds and insurance companies with deeper insights into their clients cybersecurity profiles while offering greater assurance when faced with potential risks. It also puts these organizations at an advantage versus their peers when making decisions related to selecting business partners as they can now assess potential vulnerabilities beforehand by viewing their partner company’s goals beforehand on top of having access to other detailed metrics that show real time changes regarding the organization’s posture like compromised credentials or abnormal patterns in web traffic.
Overall Moody´s investment is seen as not only essential for further fueling Visible Risk’s already aggressive growth strategy over trailing 12 month but also serves as recognition to both teams for this state-of-the-art merging of two big data system integration tech alongside eRating strengths targeted towards helping mitigate any future incidents before it even occurs thereby becoming instrumental game changers in cybersecurity landscape today.
Overview of VisibleRisk’s cyber rating
Visible Risk is a cyber security startup that plans to revolutionize how companies evaluate their cyber security posture. Moody’s and Team8 have just invested to help the company launch its first product, a robust cyber rating system. This system will use internal data sources, such as patching and compliance ratings, and external data sources providing reputation reporting.
The platform was designed with inputs from industry-leading companies like Microsoft and Goldman Sachs. As a result, industry experts consider it one of the most comprehensive ratings solutions for cybersecurity risk management. In addition, VisibleRisk’s cyber rating system aims to provide organizations with a more accurate view of their cyber security risk profile. As a result, Moody’s and Team8 are confident that the new platform should be increasingly important in helping organizations accurately measure their cybersecurity risk exposure to make better-informed decisions about investments in security solutions.
The platform uses an algorithm based on key criteria such as access control, application security, configuration management and vulnerability management to generate an overall holistic score for an organization’s cyber safety level. The results will give organizations a complete picture of their overall risk posture to plan security strategies more effectively. In addition, the research team at VisibleRisk utilizes industry best practices when performing this analysis to promote high quality ratings solitons.
Overall, VisibleRisk’s rating system is designed not only to help organizations evaluate their current attack surface but also offer them detailed insights into any potential vulnerabilities or malware threats related to past activities or incidents specifically targeting them via other resources considered essential part of comprehensive cyber defense approach, enabling decision makers make better-informed decisions on how they should protect themselves against any potential threats that may result from bad actors or hackers. According the statement made by Moody’s and Team8, Visible Risk represents one of the “most exciting innovations in cybersecurity technology created over the past five years.”
Moody’s and Team8 Announce Investment in VisibleRisk as It Launches Cyber Rating
Moody’s and Team8 have announced a strategic investment in VisibleRisk, a cyber risk management company. Furthermore, as part of this investment, VisibleRisk launched its cyber rating, which promises to revolutionize how companies assess their cyber risk.
In this article, we’ll discuss VisibleRisk’s cyber rating and how it could potentially change the cybersecurity landscape.
What is a cyber rating?
A Cyber Rating (CR) is a numerical measurement of a company’s cyber security posture. It indicates the risk level associated with each company’s online activity. This rating is determined by using a set of algorithmic calculations comparing the company’s current environment against the expected benchmark for its size, sector, and other criteria. The CR numerical score is based on inputs from technical and operational measures including vulnerability assessment, patching management, perimeter security, user access control, incident response plan, and implementation. It also encompasses business risk measures such as policies and procedures to protect the data associated with the assets from threat actors or malicious attacks and regulatory compliance obligations.
The concept of rating a company’s cyber security performance has been gaining traction recently following several large scale data breaches that affected companies worldwide within the past few years. However, understanding vulnerabilities through such ratings systems is frought with complexities due to a lack of standard best practices or frameworks specific to cyber security activity.
In this context, Moody’s Investors Service team up with Team8 Ventures LLC to invest in Israeli-based VisibleRisk Ltd., which offers what it claims to be “the world’s first comprehensive cyber rating system evaluating an organization’s cyber risk exposure dynamically.” With its proprietary algorithm called “CR+,” VisibleRisk helps organizations track their cybersecurity risks throughout an ever-changing landscape by providing detailed and real-time insights into their exposure levels so they can better protect their systems from intrusion or attack before it happens. With Moodys’ deep expertise on credit rating and Team8’s knowledge of tech investments, this venture could bring about valuable changes in how we perceive cybersecurity risks in today’s interconnected world.
How does VisibleRisk’s cyber rating work?
VisibleRisk’s innovative cyber rating takes a comprehensive approach to cyber risk assessment and offers the competition of traditional security rating companies. The ratings are developed with data from listening posts, vendor-supplied data, and open-source intelligence. In addition, VisibleRisk uses Moody’s Corporation’s algorithms to objectively rate a company’s overall cyber health to better assess its overall risk profile.
The algorithm looks at long-term security measures and up-to-date, real-time changes in an organization’s environment. VisibleRisk also evaluates technical vulnerabilities, adheres to industry compliance regulations, considers the severity and type of threats internal and external, and identifies any previous incidents or breaches that may indicate future risk. Companies can then use the ratings to determine their cyber posture relative to other organizations. In addition, these ratings can be used for comparison between peers or even across industries on basic and advanced topics such as vulnerability management lifecycle control, patching processes & frequency, inappropriate account access management policies/configurations & audits, obsolete systems & software versions governance etc.
Moody’s rated companies in various sectors have access to their ratings reports with detailed summary information including graphical representation of the company’s security landscape without requiring them to monitor or analyze large amounts of collected data. Furthermore the report includes scores on nearly 20 key parameters including email protection & resilience; authentication security; website safety; encryption; patching strategy; industry certifications & frameworks adopted etc. which helps with assessing a company’s preparation against potential attacks and providing direction for optimizing existing security operations by making it easier for executive leaders make informed decisions informed investments on cybersecurity controls.
Benefits of VisibleRisk’s Cyber Rating
Moody’s and Team8 recently invested in VisibleRisk, a cybersecurity company that has developed a rating system to help companies better identify and assess potential cyber risks. This new cyber rating has the potential to revolutionize the cybersecurity landscape.
In this article, we will explore all the benefits of this innovative new system and how it can help businesses protect themselves from cyber threats.
Increased transparency
VisibleRisk’s cyber rating system provides organizations with far greater transparency into their cyber security posture and the security of their data assets. The rating is designed to enable more reliable decision-making and allow the industry to evaluate organizations’ defenses to accurately measure, manage, and mitigate risk.
The solutions of Visible Risk provides an easy-to-use interface for businesses to understand what is most important for their security posture, providing an increased visibility into potential threats and vulnerabilities and insight into how best to mitigate them. This can help determine the most effective resources needed for defending an organization from potential threats, identifying risks that may not have been previously identified, and understanding how these risks must be managed to remain compliant.
In addition, VisibleRisk’s cyber rating is a novel standardization tool that allows organizations to compare their security levels with those of similar peers within their unique marketplace. As a result, it makes it easier for businesses to keep track of customer data in compliance with industry regulations or customer expectations while ensuring that they meet the highest data privacy and security controls standards.
Furthermore, Visible Risk’s cyber rating system contributes to increasing awareness on cybersecurity risks by providing access to key performance indicators required when protecting a business’s digital assets along with analytics which can offer identifications or threat mitigation strategies on a granular level. By centralizing the analytics and understanding potential threats within one platform, organizations can gain real-time insight into where weaknesses may exist helping them make better decisions when managing cybersecurity risk.
Improved cyber risk management
Moody’s and Team8 recently announced their investments in VisibleRisk, a company specializing in cyber ratings and risk management. This type of investment will enhance the incorporation of cyber risk into financial analysis and will significantly influence the industry. VisibleRisk’s cyber rating system provides an independent assessment of an organization’s cybersecurity infrastructure and resilience, based on assessments of 200 security criteria across four areas: people, technology, process and regulatory frameworks.
This new system can change how organizations manage their cyber risks as it will help them monitor their cybersecurity capabilities over time. Additionally, by offering transparency and insight into any changes or areas requiring improvement for their cyber defenses ahead of time, organizations can better understand how well prepared they are for the next attack or breach.
In addition to helping organizations evaluate the effectiveness of their security systems, the rating system can be used to improve customer trust in organizations that demonstrate a commitment to cybersecurity best practices. With this trust comes investment from investors who recognize that a more secure organization offers more stable returns in the long-term. In addition, investors often decide where to invest by considering both financial risk and operational risk; by integrating VisibleRisk’s Cyber Rating System into its portfolio management strategy, companies can gain insight into both types of risk with one solution.
Overall, Moody’s and Team8 investment in VisibleRisk is likely to have far-reaching implications for organizational cyber risk management strategies around the globe – bringing improved customer trust levels and encouraging further investments from investors who want assurance that their money is being invested responsibly in more secure organizations with lower risks from unforeseen data breaches or malicious attacks from hackers.
More accurate cyber risk assessment
Moody’s and Team8 recently announced their investment in VisibleRisk, a cybersecurity firm that has developed a new rating system to accurately assess cyber risk. This is expected to significantly change how cyber risk is measured and managed by organizations worldwide.
VisibleRisk’s cyber rating aims to objectively measure any organization’s security posture. The ratings are based on VisibleRisk’s proprietary scoring algorithm that leverages machine learning, data science, threat intelligence and domain expertise. Through continuous monitoring of an organization’s security posture, this algorithm accurately captures risk and helps prioritize resources as threats evolve over time.
The ratings provided by VisibleRisk enable organizations to make better-informed decisions when prioritizing investments in cybersecurity technology, processes and personnel. It allows them to focus on areas they are most exposed to or could benefit from improvement. Furthermore, the ratings enable comparison of different organizations’ security postures within or between industries, creating a competitive advantage for those rated higher by VisibleRisk’s Cyber Rating system. Analysis tools that compare changes over time also make it possible for organizations to measure the efficacy of their security programs against industry standards or best practices.
Challenges of VisibleRisk’s Cyber Rating
Moody’s and Team8 have made a major investment in VisibleRisk to launch its cyber rating system. This system aims to estimate the cyber exposures of companies and other organizations.
Although this system promises to provide enhanced insights and better risk management, it also brings challenges. In this article, we will explore the challenges of VisibleRisk’s cyber rating system.
Lack of standardization
The increasing level of cyber attacks and threats is prompting organizations to take necessary steps and actions to secure their digital systems. Moody’s investors service, an American financial services company, and Team 8, an Israeli venture capital firm, identified Visible Risk’s potential in providing cyber ratings. The startup is developing a measure that will gauge the security strength of companies including small businesses. This can be a significant milestone in leveraging data-driven insights for predicting risks faced by organizations.
While a ‘cyber score’ is useful for organizations to assess their risk postures, lack of standardization across the industry might pose some difficulties given the variety of security tools used by different sector operations. Standards such as the international standards organization (ISO) 27001 would be a possible foundation for building baseline measures that could be adopted by Moody’s ecosystem and other rating agencies and firms approaching Vendor Information Security Risk Assessments (VISRAs). However, it remains to be seen how much leeway these agencies will have when assessing cybersecurity scores given their insurance and risk management functions.
Difficulty in obtaining data
One of the biggest challenges for VisibleRisk in creating a standardized cyber rating system is the variation in the quantity and quality of data that companies can provide. Some companies may not have enough data on their security infrastructure to build an accurate assessment. Companies with legacy systems, or those using multiple providers, may struggle to standardize the data available across different sources to meet the data requirements of VisibleRisk’s scoring system. In addition, some companies may attempt to hide or obfuscate their true security posture and performance through incomplete or vaguer disclosure forms.
To effectively use its ratings service, VisibleRisk must ensure that it has enough robust data from each company being rated. This challenge is compounded by the ever-increasing complexity and sophistication of cyber threats worldwide which necessitate constant updates and improvements to VisibleRisk’s ratings system for its ratings to remain accurate gauge for assessing cybersecurity investment risk. Despite these challenges, Moody’s and Team8’s new investment reflects confidence in VisibleRisk’s ability to develop an effective solution to address this issue by creating a quality cyber rating service which will help provide greater security assurance for businesses worldwide.
Potential for misuse
While this new cyber rating system is promising for improving cybersecurity efforts, it also leaves potential for misuse. The cyber rating provided by VisibleRisk is based on an algorithm that considers a range of factors including the strength of a target’s security measures, the type and amount of data they process, and other elements. As a result, some organizations receiving lower scores will likely feel pressure to improve their security challenges. However, due to a lack of regulation or standardized criteria, there is no guarantee that these organizations are taking proper action to increase the security levels based on their score.
In addition, there is potential for biased ratings if hidden metrics are used in calculations without disclosing such metrics publicly. This could lead to the underestimation of organizations with weaker security challenges and those with strong digital profiles overestimated by the algorithm. Finally, companies may be unduly penalized if their ratings don’t meet expectations or fall short of rivals or competitors in the same sector. Therefore, it will be important for VisibleRisk to ensure transparency and fairness when evaluating organizations to avoid any misuse of its rating system.
Conclusion
In conclusion, Moody’s and Team8’s recent investment in VisibleRisk further validates that cyber risk determination is paramount in the modern age. With its innovative approach to rating cyber security, this groundbreaking initiative has the potential to revolutionize the cybersecurity landscape and create a better-informed world for businesses and individuals alike.
By providing comprehensive access to risk intelligence and attracting a wide base of investors, VisibleRisk can serve as a beacon of progress in an otherwise challenging market.