Moody's Invests $25 Million in Enterprise Cybersecurity Risk Rating Company VisibleRisk
08:18 AM EDT, 05/12/2021 (MT Newswires) -- Moody's (MCO) on Wednesday said that it completed a $25 million investment in VisibleRisk, a joint venture established with global venture group Team8 to evaluate enterprise cybersecurity risk.
The investment was funded with available cash and is not expected to have a material impact on 2021 financial results, Moody's said.
VisibleRisk also launched a Cyber Rating product that incorporates a holistic, validated set of internal and external factors affecting a firm's security posture and evaluates those risks in economic terms. Cyber Ratings are guided by real-time monitoring, custom reporting, and expert analysis, according to Wednesday's news release.
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