While cyber security threats and vulnerabilities continue to proliferate and evolve, organizations are often in the dark today when it comes to understanding security performance. Many lack the ability to evaluate their own security performance, let alone the risk posed by third-party vendors. The right cyber security assessment tool can help by accurately measuring both an organization's security posture and its vendor ecosystem.
BitSight, a pioneer in the security ratings market, provides a powerful cyber security assessment tool that transforms how organizations evaluate risk and security performance. Employing the outside-in model used by credit rating agencies, BitSight's automated tools continuously measure and monitor security to improve Security Performance Management and Third-Party Risk Management.
Cyber security assessments provided by third-party consultants offer some value, but they are typically expensive, limited in scope, and reveal security insights for only a given point in time. For year-round, continuous cyber security assessment, organizations need a different set of tools.
Some common cyber security assessment tools include:
For organizations seeking an affordable cyber security assessment tool that combines continuous monitoring and comprehensive visibility into security and third-party risk, security ratings may be the answer. Security ratings are a data-driven, dynamic measurement of an organization's cyber security performance using objective, external, verifiable information. Because these tools don't require deep access to a system or its proprietary credentials, security ratings are an extremely effective way of managing third-party risk. Security ratings can also help organizations understand their own security performance. Turning the lens on themselves, they can gain insight into compromised systems, user behavior, cyber diligence, and breaches.
BitSight Security Ratings provide a cyber security assessment tool that can mitigate cyber security risk across the enterprise. Security Ratings from BitSight don't rely on traditional techniques like questionnaires, on-site visits, or penetration testing. Rather, security ratings provide objective indicators of an organization's security performance by leveraging observable data from a wide range of sources.
BitSight's cyber security assessment tool gathers four categories of data to produce security ratings.
By weighing this data according to the risk it presents to the organization, BitSight calculates a daily rating – a number between 250 and 900 – for more than 540,000 organizations.
When using BitSight Security Ratings as a cyber security assessment tool, organizations can:
BitSight's proprietary method of collecting data from more than 120 sources provides unprecedented visibility into key risk factors – many of which are completely unique BitSight. With the ability to view 12+ months of historical data, BitSight also enables organizations to identify trends and gain more insight into risks invulnerabilities.
Over 2100 BitSight customers currently share Security Ratings with more than 170,000 third-party organizations, making BitSight the most widely used security ratings platform across all industries.
Only the most critical and highest-quality risk vectors are incorporated into the BitSight Security Rating. By calculating importance in a more diversified way, we ensure the most critical assets are ranked higher.
A cyber security assessment tool helps organizations understand their security posture, identify gaps and vulnerabilities, and take steps to address risk.
Security ratings are a cyber security assessment tool that provides organizations with a quick and easy-to-read metric to evaluates security posture. In contrast to an annual security compliance questionnaire – the traditional method for measuring third-party risk – security ratings provide a way to continuously monitor an organization's security posture and its third-party ecosystem.