Core Insights - Bitsight reported a record 30% growth in its insurance business for the first half of the fiscal year, driven by strong demand for its cyber risk data and new product innovations with Moody's [1][2] Company Developments - The integration of Bitsight data, including Bitsight Cloud Dispersion Analytics, into Moody's cyber solutions has enhanced their offerings, aiding in underwriting, portfolio optimization, and systemic exposure management [2][3] - Bitsight is a founding member of Moody's Cyber Industry Steering Group (CISG), which aims to improve the understanding of cyber risk and support market growth [4][5] Industry Context - The CISG addresses growth constraints in the cyber insurance marketplace, such as a lack of standardization and uncertainties due to the evolving nature of cyber risks [5] - Cyber risk is increasingly recognized as a critical factor in global financial markets, necessitating comprehensive intelligence for effective risk management [6] Performance Metrics - Independent validation indicates that incorporating Bitsight's external scanning insights can improve the accuracy of identifying high-risk companies by up to 40% [6] - Marsh McLennan confirmed significant correlations between Bitsight Security Ratings and the likelihood of cybersecurity incidents [6] Strategic Initiatives - Bitsight has introduced new insurance capabilities and partnerships to strengthen its market position, and was recognized as the Cyber Technology Provider of the Year by Zywave at the June 2025 Cyber Risk Awards [7]