Cyber ratings leader: Corporate boards need common lexicon to understand business impacts

SAN FRANCISCO. Using a common lexicon to measure and understand cyber risks for businesses is helpful to compare postures and influence decision making, according to BitSight’s Derek Vadala, who says the lexicon will allow companies to better communicate risks and influence corporate ratings issued by companies like Moody’s.

Vadala said he is seeing an “increased focus around transparency and disclosure” including at corporate boards that want to educate themselves to understand cyber requirements and get clarity around them. This includes...