Cyber Risk Management Solution

Choosing a cyber risk management solution

Waves of change are constantly disrupting cybersecurity teams of all sizes around the world. Digital infrastructure keeps expanding, work models constantly change, and the web between businesses gets more and more intertwined. Cyber risk leaders are turning to cyber risk management solutions to minimize loss, enable growth, and stabilize cyber risk uncertainty. Effective cyber risk management solutions empower security teams to become strategic partners to their key stakeholders.

As a leader in cybersecurity risk management, Bitsight solves challenges in exposure management, enterprise security, and digital supply chain. Bitsight’s comprehensive cyber risk management solution gives security leaders the tools to manage and monitor cyber risk, while driving alignment with the board. Our increasing range of integrated applications uniquely positions us to drive critical workflows across risk, performance, and exposure so companies can grow their ecosystems without worrying about expanded risk. Accelerate transformation without risking financial turbulence. Add vendors without their vulnerabilities. And get everyone talking a universal language across the board.

The challenges of managing cyber risk

Many CISOs are working against growing cyber risk uncertainty. They need to protect against risk and lead across the business. But they have to answer today’s tough cyber risk questions:

• Where are we exposed? Most CISOs have blind spots in their external attack surface. Between technology consolidation, a highly distributed ecosystem, and obscured exposure points, CISOs need to pinpoint where exposure exists.
• Can we quantify the impact of our exposure? Not only do CISOs need to map where their company is exposed, they need to understand the expected impact of that exposure, both from a financial and material impact.
• Are we setting the right priorities? Cyber risk priorities come in a variety of forms. Not only are CISOs looking at which activities are right to tackle first, but also whether investments are going to the right areas, cyber initiatives are aligned to business goals, and how to connect disparate processes.
• How are we progressing? CISOs need to showcase their progress towards risk, exposure, and performance with objective metrics and benchmarking against their peers.
• How much risk do we want to take on? Cyber risk erodes trust with partners and customers alike. CISOs need to provide insights on how they communicate critical business information relating to risk and exposure.

Bitsight: Cyber risk management solutions

When unrelenting market pressure pushes CISOs to uncertainty and caution, they turn to Bitsight to confidently navigate cyber risk and grow with confidence. Bitsight transforms how companies manage exposure, performance, and risk for themselves and their third parties. Bitsight’s integrated cyber risk management solutions deliver value across enterprise security performance, digital supply chains, cyber insurance, and data analysis. Bitsight’s universally recognized risk standard and market-leading data provides actionable insights for cyber exposure management that can:

• Manage the attack surface. Bitsight provides full visibility into external attack surface management, enabling risk leaders to continuously discover new assets—including shadow IT—and to prioritize and protect the most vulnerable areas.
• Detect and manage vulnerabilities. Bitsight empowers organizations to take action on high priority incidents at a moment’s notice. Teams rely on these capabilities to initiate vendor outreach and track responses to critical vulnerabilities for effective remediation and prioritize mitigation efforts.
• Validate continuously. Bitsight gives CISOs a widening aperture across the entire ecosystem to make sure they’re on the right track with investments and activities.
• Take action. Bitsight is the only cyber risk management solution that correlates business practices to negative outcomes and quantified risks, delivering actionable insights in enterprise security and digital supply chain.
• Align security and business objectives. Bitsight delivers the most extensive cyber risk data in the market, including the world’s most widely trusted and adopted universal standard so CISOs can measure and communicate cyber risk with stakeholders.
• Monitor vendor risk. Beyond providing automated initial vendor risk assessments, Bitsight enables risk teams to manage ongoing risk through continuous vendor risk monitoring. This gives your team critical knowledge of your vendors’ security controls and provides automatic discovery of fourth-party concentrated risk.

Why CISOs choose Bitsight

An industry-leading solution

Bitsight is the world’s leading provider of cyber risk intelligence, transforming how security leaders manage and mitigate risk. Leveraging the most comprehensive external data and analytics, Bitsight empowers organizations to make confident, data-backed decisions and equips security and compliance teams from over 3,300 organizations across 70+ countries with the tools to proactively detect exposures and take immediate action to protect their enterprises and supply chains. Bitsight customers include 38% of Fortune 500 companies, 4 of the top 5 investment banks, and 180+ government agencies and quasi-governmental authorities, including U.S. and global financial regulators.

Extensive visibility

Bitsight operates one of the largest risk datasets in the world. Leveraging over 10 years of experience collecting, attributing, and assessing risk across millions of entities, we combine the power of AI with the curation of technical researchers to unlock an unparalleled view of your organization. Bitsight offers more complete visibility into important risk areas such as botnets, mobile apps, IoT systems, and more. Our cyber data collection and scanning capabilities include:

• 40 million+ monitored entities
• 540 billion+ cyber events in our data lake
• 4 billion+ routable IP addresses 
• 500 million+ domains monitored
• 400 billion+ events ingested daily
• 12+ months of historical data

Superior analytics

Bitsight offers a full analytics suite that addresses the challenges of peer comparison, digital risk exposure, and future performance.

Ratings validation

Bitsight is the only rating solution with third-party validation of correlation to breach from AIR Worldwide and IHS Markit.

Quantifiable outcomes

Bitsight drives proven ROI with significant operational efficiency and risk reduction outcomes.

Prioritization of risk vectors

Bitsight incorporates the criticality of risk vectors in to calculation of Security Ratings, highlighting risk in a more diversified way to ensure the most critical assets and vulnerabilities are ranked higher.