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.
Accessing essential cyber security information
The right cyber security information can dramatically simplify the task of improving security performance and mitigating risk. To defend against a rapidly evolving threat landscape, security teams need actionable data that can help identify risks, highlight security gaps, and support plans to remediate vulnerabilities.
Most security teams don’t suffer from a lack of data. Many teams are overwhelmed by huge volumes of raw information that make it hard to sort out the essential intelligence from the background noise. To improve monitoring and remediation of risk within their digital ecosystem, security teams need high-value cyber security information that can shine a spotlight on critical assets, prioritize risks and vulnerabilities, and evaluate the performance of security controls.
That’s where BitSight can help. BitSight is the world’s leading Security Ratings service, providing organizations with unprecedented visibility into their digital footprints and attack surfaces. By delivering objective, verifiable cyber security information on a continuous basis, BitSight helps organizations make faster, more strategic decisions about cybersecurity policy and third-party risk management.
BitSight Security Ratings
BitSight pioneered the security ratings industry by developing a platform that provides an outside-in approach to cyber security information. Much like credit ratings, BitSight Security Ratings range from 250 to 900 – higher numbers correlate to a better overall security posture.
Rather than relying on traditional and often manual techniques like penetration testing, questionnaires, or on-site visits, BitSight’s Security Ratings are derived from externally observable data gathered from 120+ sources around the world. This cyber security information provides critical insight into the performance of organizations in relation to 23 key risk vectors, which fall into four data categories: compromised systems, security diligence, user behavior, and public disclosures. By analyzing and weighting this data with a proprietary algorithm, BitSight produces daily Security Ratings that accurately communicate an organization’s security posture and performance.
Features of BitSight Security Ratings
- Vendor risk management and assessment. BitSight enables security teams to scale continuous security monitoring of third and fourth parties.
- Alerts, reporting, and intelligence. With BitSight’s intuitive reports, security teams can make risk decisions with speed and effectiveness.
- Efficient collaboration. BitSight facilitates data-driven conversations and cyber security presentations about risk and security with third parties and company stakeholders.
- Unprecedented transparency. BitSight adheres to the Principles for Fair and Accurate Security Ratings and delivers unsurpassed transparency into ratings decisions.
The benefits of better cyber security information
BitSight Security Ratings deliver the essential cyber security information that organizations need to improve security performance and mitigate risk.
Improve security posture
The external cyber security information view provided by BitSight Security Ratings allow security teams to identify the greatest areas of risk and prioritize resources and staff to remediate them fast. As a result, organizations can strengthen their security posture more quickly and reduce the risk of a breach.
Benchmark security performance
Through security benchmarking, BitSight helps organizations quantify cyber risk, measure the impact of mitigation efforts, and contextualize their performance over time and against industry peers.
Manage third-party risk
BitSight helps third-party risk managers identify issues within their supply chain, prioritizing remediation efforts and streamlining further assessments to improve security controls.
Discover unknown risk
Cyber security information from BitSight delivers actionable insights into gaps in security controls – such as misconfiguration, unpatched systems, and vulnerabilities – across all parts of the digital ecosystem. From on-premises cyber assessments to cloud security audits, BitSight delivers the visibility and insight security leaders need to mitigate risk and improve security posture.
Identify concentrated risk
BitSight enables large enterprises to gain visibility into concentrated areas of risk across organizational groups such as business units, subsidiaries, acquisitions, and disparate geolocations.
BitSight Security Ratings provide a common language that make cyber security information and information security presentations easier to understand. With BitSight, security leaders can easily communicate essential findings to executives, Board members, and stakeholders with non-technical backgrounds. Users can quickly pull metrics into cybersecurity KPI dashboards and reports, using built-in templates and cybersecurity executive summary examples to streamline reporting efforts.
BitSight Security Ratings correlate to breach
Through an analysis of 27,000+ companies over a two-year period, BitSight’s data scientists, working alongside AIR Worldwide’s research and analysis team, determined that BitSight Security Ratings are the only ratings platform proven to indicate the risk of a publicly disclosed breach.
The study confirmed that companies with a BitSight Rating of 400 or lower were 5x more likely to experience a publicly disclosed data breach than companies with a rating of 700 or higher.
Why choose BitSight?
Founded in 2011, BitSight has become the world’s leading security ratings platform across all industries. BitSight Security Ratings offer a proven cyber security assessment tool that delivers a dynamic measurement of an organization’s security performance. BitSight Security Ratings can also transform how companies manage risk in their vendor ecosystem. Ratings offer a daily assessment of the security posture of third-party vendors, providing a far more comprehensive and accurate assessment of risk than traditional tools.
BitSight’s 2,100+ customers monitor over 540,000 organizations to collectively reduce cyber risk. BitSight customers include 7 of the top 10 largest cyber insurers, 4 of the top 5 investment banks, and all 4 of the Big 4 accounting firms. Additionally, 20% of the world’s countries trust BitSight to help protect national security, and 25% of Fortune 500 companies rely on BitSight as well.
FAQs: What is cyber security information?
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