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.
