Not all security ratings are created equal. From the reliability of their data, to the transparency of the ratings process, to the dispute resolution process, you need to be selective about who you choose as your ratings partner. Here's what you should look for when choosing a cyber security ratings partner.
Improving security posture with cyber risk ratings
Cyber risk ratings are an important tool that can help organizations make more effective decisions about security and risk. Cyber risk ratings, or security ratings, provide an objective measurement of an organization’s overall security performance. These metrics help to identify and quantify risk throughout the digital ecosystem, enabling security teams to prioritize remediation and monitor cyber hygiene. Cyber ratings can also expose issues within the supply chain, pinpointing risk and vulnerabilities in vendors’ IT environments.
Perhaps most importantly, cybersecurity ratings provide everyone in the organization with a way of talking about security and risk. Executives and Board members with little technical knowledge can easily understand cyber risk ratings with the context that accompanies them. As a result, ratings help to drive productive conversations around security and allow leadership to make decisions about funding priorities based on a clear understanding of risk.
As the world’s leading Security Ratings service, BitSight provides a platform with a comprehensive suite of solutions for measuring and benchmarking security performance, mitigating third-party risk, and visualizing and remediating risk throughout an organization’s digital footprint.
The business value of cyber risk ratings
BitSight Security Ratings provide powerful benefits for many areas of security.
Continuously monitor security performance
BitSight’s daily cyber risk ratings serve as a continuous monitoring solution, delivering near-real-time insight into security posture and shining a spotlight on security performance gaps.
Mitigate third-party risk
BitSight for Third-Party Risk Management exposes cyber risk within the supply chain, focusing resources on remediation and providing the cybersecurity risk assessments security teams need to achieve measurable risk reduction.
Visualize the attack surface
BitSight Attack Surface Analytics delivers unprecedented cybersecurity visibility into the attack surface, helping security teams identify assets throughout the digital ecosystem and the risks associated with them. A centralized dashboard shows the location of digital assets broken down by cloud provider, geography, and business unit.
Improve security performance
BitSight cyber risk ratings enable security teams to understand the success of individual security controls, helping to bring the organization more closely in line with cybersecurity maturity models.
How BitSight ratings are calculated
BitSight’s cyber risk metrics are based on externally observable data – no information is required from the organizaion being rated. BitSight pools information regarding 23 key risk vectors from 120+ sources, appraising an organization’s security performance in four categories: security diligence, user behavior, compromised systems, and data breaches. Using a proprietary algorithm, BitSight analyzes, classifies, and weights security data to produce a daily rating ranging from 250 to 900. The higher the rating, the stronger the organization’s security posture.
In addition to an overall rating for security performance, BitSight provides granular detail about an organization’s performance against individual risk vectors such as botnet infections, spam propagation, malware servers, potentially exploited machines, and unsolicited communications. Risk vectors also include open ports, patching cadence, insecure systems, filesharing behavior, and exposed credentials.
BitSight Security Ratings for Benchmarking
BitSight cyber risk ratings can help organizations benchmark their security performance against industry peers and monitor their ongoing cybersecurity posture. BitSight Security Ratings for Benchmarking provide quantified baseline and comparative data to help security teams measure the effectiveness of risk mitigation programs over time.
Using externally observable data, BitSight continuously analyzes, rates, and monitors security posture, generating alerts when significant changes occur. With visibility into a wealth of risk vector data on the company and its peers, security teams can benchmark performance on a wide set of actionable security data.
With BitSight Security Ratings for Benchmarking, security teams can:
- Identify security issues. BitSight provides information on which infections are targeting peer companies, enabling security teams to understand industry-specific threats.
- Communicate performance. BitSight cyber risk ratings serve as key performance indicators, enabling security teams to effectively communicate findings and contextual performance to executives and the Board.
- Strengthen reputational risk management. The ability to show progress in security programs is used by many companies as a competitive differentiator.
- Detailed forensics. BitSight’s actionable Forensics package shows infections observed on a network and provides detailed specifics that allow security teams to remediate potentially harmful issues right at the core.
Why choose cyber risk ratings from BitSight?
BitSight transforms how companies manage information security risk. Founded in 2011, BitSight is the world’s leading Security Rating platform for third-party risk management and security performance management. With actionable security ratings, cyber risk metrics, and security benchmarks delivered through continuous monitoring, BitSight offers complete visibility into how well an organization’s attack surface is protected against cyber threats.
With over 2,100 customers worldwide, BitSight is the most widely used security ratings platform across all industries. BitSight is the choice of 25% of Fortune 500 companies, 20% of the world’s countries, and 40+ government agencies, including U.S. and global financial regulators.