Cyber Risk Monitoring

Improve security with cyber risk monitoring

With third-party data breaches at an all-time high, organizations everywhere are looking for cyber risk monitoring tools to better manage third-party cyber risk. Traditionally, organizations have used annual or biannual questionnaires to evaluate the cyber security posture of their vendors. This process is not only highly time-consuming, biased, and unverifiable, it also provides only a point-in-time snapshot of a third party’s security posture at a given moment rather than continuously monitoring the security performance of vendors.

As the leading Security Ratings Service, Bitsight offers cyber risk monitoring solutions that are trusted by some of the world’s largest organizations to manage third-party cyber risk assessment every day of the year.

Cyber risk metrics to monitor

The most effective cyber risk monitoring tools provide continuous assessment of cyber security KPIs that answer four critical questions.

1. What’s already been compromised?

By gathering data on compromised systems – including factors like botnet infections, potentially exploited machines, and malware servers – cyber risk monitoring solutions can determine how secure an organization is by showing what’s actually going on within an organization’s IT systems.

2. What’s vulnerable?

Diligence data, or hygiene data, monitors data points like open ports, patching cadence, and TLS/SSL certificates and compares these points to best practices to determine whether organizations are diligent about cyber risk mitigation.

3. What breaches have occurred?

Cyber risk monitoring can also take into account publicly disclosed breaches gathered from new sources, credit card investigations, internal breach disclosures, breach aggregators, and chatter on the dark web.

4. What user behavior might compromise security?

Evidence of peer-to-peer filesharing activity, leaked passwords and usernames, and other user related risk factors can contribute to increased risk of a data breach.

Cyber risk monitoring with Bitsight

Founded in 2011, Bitsight pioneered the security ratings market by transforming how organizations evaluate risk and security performance. Employing the same outside-in model used by credit ratings agencies, Bitsight provides data-driven dynamic measurements of an organization’s cybersecurity performance based on an analysis of externally verifiable data.

Bitsight cyber risk monitoring tools provide continuous measure of security performance of organizations and their vendors based on evidence of compromised systems, user behavior, data breaches, and diligence. Bitsight Security Ratings are updated daily and are accessible to users through the Bitsight platform and via an API. Along with data from cyber risk monitoring, Bitsight provides industry and peer comparisons for benchmarking security performance against other organizations and competitors.

Features of Bitsight cyber risk monitoring

Bitsight cyber risk monitoring solutions provide a wealth of information for monitoring internal security performance and managing third-party risk.

Portfolio analytics and management

With Bitsight, you can easily scale continuous security monitoring of third and fourth parties, improving your own security posture while accelerating vendor onboarding.

Alerts, reporting and intelligence

Bitsight security ratings enable decision-makers to improve the speed and effectiveness of risk decisions.

Efficient collaboration

Bitsight facilitates collaboration with third parties and your company’s stakeholders with data-driven security and risk communications.

Unsurpassed transparency

Bitsight is committed to creating trustworthy, data-driven, and dynamic measurements of organizational cybersecurity performance that is based on objective, verifiable information.

Why 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.

FAQs: What is cyber risk monitoring?