BITSIGHT SECURITY RATINGS BLOG

Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more.

Do You Have The Right Vendor Management Policies?

If you’re experiencing frustrating delays and procedural roadblocks during your vendor management process, you’re not alone. Security managers are seeing an increase in the number of third-parties integrating with their business, and ...

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3 Ways To Make Your Vendor Lifecycle More Efficient

During this dynamic and stressful workplace environment 2020 has brought us, finding the most efficient ways to perform in your job has never been more important. When it comes to managing your vendor lifecycle, there are three ways you...

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What Does a Successful Third-Party Risk Management Program Look Like?

As digital transformation picks up pace, companies are working with more vendors than ever. According to Gartner, 60% of organizations now work with more than 1,000 third-party vendors — including partners, sub-contractors, and suppliers.

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Best Practices for Managing Third-party Risk in the Energy Sector

Back in May this year, President Trump issued an executive order banning US energy sector entities from acquiring electric equipment from foreign adversaries, citing potential cybersecurity threats.

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How To Mature Your Vendor Risk Management Program

There are layers of uncertainty plaguing security professionals when it comes to the time, money, and energy they spend focusing on their third-party risk management systems. Without the proper tools and analysis, it is hard to know if...

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Why Cyber Risk Prioritization is Essential to a Solid TPRM Program

Today’s businesses can’t succeed on their own, which is why they turn to third parties to grow and stay competitive. However, these partnerships can introduce unwanted cyber risk.

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How Continuous Monitoring Revolutionizes Third-Party Risk Management

If you’re running a third-party risk management program, you’re probably no stranger to pressure. Between business owners demanding vendors be onboarded ever faster, to the ever present threat of a data breach, there is a lot to worry...

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How and When to Reassess Your Vendor’s Cybersecurity Posture

From a security perspective, your work isn’t done when a new vendor signs on the dotted line. After the onboarding process is complete, you must implement continuous monitoring practices to ensure your new third-party maintains the desired...

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Vendor Contract Do’s and Don’ts

According to an Opus and Ponemon Institute study, 59% of companies have experienced a data breach caused by one of their vendors or third parties — while only 16% claim they effectively mitigate third-party risks. Don’t be a part of these...

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