Benefits of cyber risk quantification with BitSight
Easily quantify cyber risk with existing resources
Manage cyber risk quantification without additional headcount or resources. BitSight’s quantified view of cyber risk complements BitSight Security Ratings to simulate the financial impact of risk across multiple cyber scenarios.
Rely on proven models
The underlying model that drives BitSight’s Financial Quantification is based on models developed by Kovrr to serve the world’s largest insurance and reinsurance carriers. By leveraging multiple cyber risk models, this approach enables cyber risk managers to efficiently price risk and manage billions of dollars of cyber exposure with a high degree of confidence.
Quantify risk on-demand
In contrast to traditional consulting engagements or internal projects, BitSight’s Financial Quantification is available on demand and is easily repeatable. With the ability to drill down into cyber event examples, quickly and efficiently diagnose the underlying causes that may impact financial exposure.
Transform cyber risk discussions
By financially quantifying cyber risk, business leaders and board members intuitively understand risk in financial terms and evaluate the effectiveness of cybersecurity programs.
Why customers love BitSight
As the world’s leading Security Rating Service, BitSight transforms how companies manage information security risk. BitSight’s objective, verifiable, and actionable security ratings provide a dynamic measure of the security performance of organizations and their vendors. Through continuous controls monitoring and assessment, BitSight helps organizations make faster, more strategic decisions about cybersecurity policy and third-party risk management. Governments rely on BitSight to enhance critical infrastructures cybersecurity, while enterprises use BitSight to improve cyber resilience and strengthen cyber threat intelligence.
Founded in 2011, BitSight today is trusted by some of the world’s largest organizations to gain a clearer picture of their security posture. BitSight’s 2,400+ customers worldwide include 7 of the top 10 largest cyber insurers, four of the top five investment banks, and all of the Big 4 accounting firms. Fully 20% of the world’s countries trust BitSight to help protect national security, and 20% of Fortune 1000 companies rely on BitSight as well.