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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.

New Study: Organizations Struggle to Manage Cyber Risk in Their Supply Chains

A new report from McKinsey & Company sheds light on something we’ve known for many years – organizations are struggling to make significant progress in managing cybersecurity risk in their supply chains.

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Eradicate Cyber Threats: Launch Your Third-Party Risk Management Program

When launching a third-party risk management (TPRM) program, one of the best places to begin to be proactive about mitigating cyber risk from your third parties is by examining the vulnerabilities present on their network. Despite global...

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3 Software Tools Transforming the Vendor Selection Process

The world of procurement has been fundamentally changed by the introduction of technology. Source-to-pay software has brought digital workflows and automation to time-consuming processes like creating RFPs, managing contracts, and...

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Third-Party Cyber Risk: Blind Spots, Emerging Issues & Best Practices

Recently, BitSight and the Center for Financial Professionals (CeFPro) released a joint report that explores how financial services organizations are addressing challenges associated with third-party cyber risk management.

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Vendor Due Diligence Checklist: 31 Steps to Selecting a Third Party

Due diligence processes for vendor procurement vary by company, industry, and region. Some regulatory bodies dictate due diligence practices, and some industry groups have adopted standardized processes. In addition, requirements may...

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What Are Security Ratings?

Security ratings are a data-driven, objective and dynamic measurement of an organization’s security performance. Thousands of organizations around the world use BitSight Security Ratings as a tool to address a variety of critical,...

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NERC CIP-013-1: Effective Date, Preparation Strategies, & Impact

The North American Electric Reliability Corporation (NERC) has developed a new set of cybersecurity standards designed to help power and utility (P&U) companies limit their exposure to third-party cyber risks and preserve the reliability...

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Is Your Risk Management Program Ready for the New European Banking Authority’s Guidelines?

In June 2018, the European Banking Authority (EBA) put forth guidelines on outsourcing arrangements that highlighted the importance of risk management within financial organizations. The notice of these guidelines was announced in June...

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BitSight Security Ratings Platform Expands Its Visibility in Compromised Systems

Since creating the Security Ratings market in 2011, a core component of BitSight’s value to users has been providing industry-leading comprehensive visibility into malware communications.

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