CEO: Derek Vadala
VisibleRisk was founded in 2019 as a joint venture between Moody’s and Team8 and in May received a $25 million investment from its two backers to help develop a global standard for assessing corporate cyber-risk. The New York-based company employs 41 people, up from just 13 employees a year ago, according to LinkedIn.
The company’s new Cyber Ratings product is based on cyber-risk quantification, which allows companies to benchmark their cyber-risks against those of their peers, and to better understand and manage the impact of cyberthreats to their businesses. The rating incorporates a holistic, validated set of internal and external factors affecting a company’s security posture and quantifies those risks in economic terms.
Vr Ratings are enhanced by real-time monitoring, custom reporting and expert analysis, and the company offers full transparency into the factors that determine a Cyber Rating, including the methodology and data sources. The company said its cyber-risk rating and real-time monitoring platform enables customers globally to continuously monitor and manage cyber risk as they would financial risk.