Moody’s to invest $250 million in BitSight, create ‘cybersecurity risk platform’

Moody’s Corporation announced on Monday that it would be investing in cybersecurity company BitSight and working with the firm to create a “comprehensive, integrated, industry-leading cybersecurity risk platform.” First reported by CNN, the partnership will see Moody’s invest $250 million in BitSight and the cybersecurity company will acquire Moody’s cyber risk ratings venture VisibleRisk, which they created with global venture group Team8.

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