First on CNN Business: Moody's is spending $250 million to measure the risk of America's biggest companies getting hacked
CNN
Moody's is spending hundreds of millions of dollars to better evaluate the cybersecurity risks that face America's largest corporations.
The announcement from the company — whose credit ratings can influence global markets — comes as Biden administration officials are urging major firms to be more transparent about the security of their software. Several high-profile supply-chain hacks and ransomware attacks have rattled businesses and other organizations over the past year, costing companies millions of dollars and compromising their operations.More Related News
After recent burglaries at homes of professional athletes – including Kansas City Chiefs stars Patrick Mahomes and Travis Kelce – the NFL and NBA have issued security memos to teams and players warning that “organized and skilled groups” are increasingly targeting players’ residences for such crimes.