First on CNN Business: Moody's is spending $250 million to measure the risk of America's biggest companies getting hacked - NewsBreak

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.