Why customers choose Bitsight vs. RiskRecon

In today’s competitive cybersecurity marketplace, there’s always a risk of misinformation amongst options and capabilities.

Forrester Research, Inc., known for its respected, independent research in technology and security, has named Bitsight a Leader in its Forrester Wave™ report for Cybersecurity Risk Ratings. Bitsight earned the highest possible scores across 18 key criteria, solidifying its position as a top choice for organizations seeking robust cyber risk management solutions.

Download the 2024 Forrester Wave Report

Bitsight vs. RiskRecon: Market Leadership

	Bitsight	RiskRecon
Cyber Risk Ratings Platform Leader	Highest total score earned by Forrester Wave, Cyber Risk Ratings Platforms, listed as Leader	Listed as a Strong Performer
External Attack Surface Management Leader	Placed top right as Leader on Frost Radar™ EASM report, recognized as top 3 in Innovation	Not listed
Attack Surface Management Leader	Recognized by KuppingerCole Leadership Compass, Attack Surface Management	Not listed
Correlation of insights and security rating to real-world outcomes	Correlated to real-world risk, validated by independent studies from Marsh Mclennan, Moody’s, Gallagher Re and more	No independent data that correlates scores to real-world incident likelihoods or outcomes
Transparent return on investment (ROI)	297% ROI. See the calculator	ROI data not available
R&D, investment in innovation	64 patents to date and the largest R&D investment. View latest announcements	4 active patents. R&D investment details unknown

Bitsight vs. RiskRecon: Attack Surface Management

	Bitsight	RiskRecon
External attack surface management: Solutions	Robust EASM solution with comprehensive asset discovery, vulnerability prioritization, continuous monitoring, and integration capabilities, providing in-depth visibility into a company’s external attack surface	No dedicated EASM tool, focuses on risk assessment and prioritization only
Data collection capabilities	Bitsight data collection includes proprietary Internet scanner, the largest sinkhole, and other active and passive data collecting technologies. Scans both the IPv4 and IPv6 web spaces	Scope of IP scanning volume & internet entity scanning capability unknown
Asset identification & mapping	Comprehensive Exposure Management powered by Bitsight technologies like Groma and GIA. More than 4 billion-plus routable IPv4 and IPv6 addresses scanned daily	Only passive scanning of public data sources for asset attribution
Analytics and insights	Governance and analytics for both first and third-party performance that includes detailed industry peer and competitor benchmarking capabilities, with goal setting and root cause reporting	Performance analytics primarily focus on third-party risk management only
Executive reporting	30+ pre-designed, out-of-the-box reports communicate ratings and exposure findings and changes. Executive reports include 18 months of data to provide historical context to security performance. Read about external attack surface management	Executive summaries report on vendor performance and events
Forecasting analytics and capabilities	Robust forecasting tools based on historical data and trends to predict how resource allocation can impact security posture. Scenario modeling to simulate remediation strategies and potential impact to support informed decision-making	No dedicated forecasting tools. No known scenario modeling or progress tracking capabilities
Enhanced cloud visibility	Bitsight provides enhanced visibility into AWS, GCP, and Azure via Cloud Infrastructure Sync, which can be enabled in about 15 minutes, to maintain up-to-date visibility of cloud assets	Cloud infrastructure support unknown

Bitsight vs. RiskRecon: Third Party Risk Management

	Bitsight	RiskRecon
Third-party risk management: Solutions	End-to-end TPRM solution including vendor risk management (onboarding & assessments), third party continuous monitoring and analytics, and automatic vendor discovery. Capabilities for managing third party vulnerabilities and fourth party risk	Focuses on efficient risk assessments and prioritization tools. Requires customer-supplied vendor lists
Fourth-party risk	Rich fourth-party mapping data based on granular, extensive supply chain intelligence	Data dependent on only observable internet data. Mapping capabilities unknown
Vulnerability detection	Identifies vulnerabilities and helps prioritize vendors through market-leading vulnerability intelligence Includes zero-day monitoring and risk detection	Zero-day monitoring not available
Professional services	Offers expert consultant services that help fast-track vendor onboarding and assessments, continuously monitor vendor security performance, proactively manage vulnerabilities, and more	Professional services not listed
Partner & vendor ecosystem	Full circle in-platform collaboration with worldwide vendors. Targeted, robust integration portfolio to streamline workflows and enhance both TPRM and EASM solutions, including: Jira Crowdstrike ServiceNow Splunk Microsoft Sentinel Archer & more	Integration portfolio focuses on third-party risk and assessment. Integrations and partners include: CyberGRX MSPs, resellers, industry alliances

Bitsight vs. RiskRecon: Cyber Threat Intelligence

	Bitsight	RiskRecon
Cyber threat intelligence: Solutions	Real-time cyber threat intelligence from across the clear, deep and dark Web for proactive threat detection & mitigation	Threat Protection’s (module) passive approach focuses only on assessing risk with third-party relationships
Scope & data quality	Provides full & real-time visibility, detecting immediate and emerging threats. Tracks 700+ APT groups, 4,000+ malware types, 95 million threat actors, 6 million IOCs	Focuses on assessing third-party risks and vulnerabilities
Credential monitoring	Collects over 1 billion compromised credentials weekly through the Identity Intelligence module	No data available
Analysis & alerts	Bitsight IQ harnesses GenAI to transform vast volumes of CTI data into actionable insights for faster cyber threat response	No alert data available

Bitsight vs. RiskRecon: Security Ratings

	Bitsight	RiskRecon
Security ratings scope & breadth	Continuously enhanced rating with annual rating algorithm updates (RAU) based on evolving cyber threats and customer feedback. Rating includes 25 Risk Vectors and captures 12+ months of historical data. 2025 Dynamic Remediation initiative accelerates the rating refresh process post-remediations	Rating is based on weighted geometric mean focusing on issue severity and system value at risk. Latest known rating algorithm update was February 2024. Historical data coverage unknown
Timely, reliable ratings updates	Bitsight's data engine processes 400 billion security events daily, providing real-time updates and a detailed historical view	Ratings updated every 14 days
Use case: Insurance underwriting	Market-leading risk analytics allow insurers to confidently determine underwriting guidelines and pricing. Monitoring and risk modeling tools help manage risk across entire insurance portfolio. Evaluate cyber risk of third- and fourth-party vendors	Not focused on underwriting solutions or risk modeling. Prioritizes third-party risk visibility

Bitsight vs. RiskRecon: Customer Reviews

	Bitsight	RiskRecon
Gartner view reviews	4.5/5 259 reviews	4.2 /5 61 reviews
G2 view reviews	4.6/5 39 reviews	4.5/5 2 reviews

The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024

"[Bitsight] boasts an unmatched commitment to innovation…”; Bitsight “leans heavily into ratings model validation and correlation studies to continuously test its ratings’ alignment with real-world incidents."

Dowload Forrester Wave Report

Bitsight vs. RiskRecon Overview

Bitsight

With more than 3,100 customers and 64 patents, Bitsight is a global leader in cyber risk management, specializing in external attack surface management, third-party risk monitoring, vulnerability detection and response, cybersecurity analytics, and financial risk quantification. Bitsight pioneered the security ratings industry in 2011, and today it’s data scanning capabilities now encompass:

40 million-plus monitored organizations
250 million-plus host names
4 billion-plus routable IP addresses

RiskRecon

RiskRecon provides cybersecurity risk assessment and third-party risk management solutions. Founded in 2015 and acquired by Mastercard in 2020, RiskRecon offers continuous monitoring using externally observable data and security ratings. Its products and services include third-party risk management, supply chain risk visibility, and cyber risk assessments. RiskRecon focuses on risk prioritization through objective and actionable insights.

Proven Data Correlation

The Bitsight Security Rating provides an objective, data-driven lens to view the health of an organization’s cyber security program.

Bitsight data is independently verified to correlate with an organization’s risk of a security incident or data breach. See reports by AIR Worldwide, IHS Markit, Marsh McLennan, and Moody’s Analytics, demonstrating this critical connection.

Per Moody's Analytics, Bitsight Analytics is also correlated to financial risk and firm value.

Download Moody's Report

Bitsight Data Discovery

Trust Matters

Security leaders need solutions that help them identify and mitigate risks in their own organizations and broader third party supply chain, including vendors, suppliers, and business associates. Attackers continue to exploit known vulnerabilities and target critical third party suppliers to gain access to sensitive data or inflict operational harm. With the growing criticality of cybersecurity risk rating platforms in the global marketplace, trust and data accuracy matters.

Bitsight is committed to creating trustworthy, data-driven, and dynamic measurements of organizational cybersecurity performance derived from objective, verifiable information. In 2017, Bitsight helped create the "Principles for Fair and Accurate Security Ratings,” (PDF) a series of practices developed alongside some of the world’s largest and most risk-focused companies. These Security Ratings Principles affirm the critical role of security ratings in society and the important responsibility that Bitsight holds in creating these measurements.

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