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Creating risk-based cyber security presentations
As organizations seek to adapt to an evolving threat landscape, a risk-based approach to cyber security presentations can help improve security posture and prevent massive cyber incidents.
Reports and presentations around security are often filled with too much raw data and too little context, preventing stakeholders from grasping and interpreting the most relevant findings. As a result, critical cyber security information is likely to be overlooked, leading to less effective security efforts and greater risk of breach. On the other hand, a risk-based approach to presentations can ensure that the highest-risk items are front and center, and that each finding is assigned a score that helps identify the most significant risks.
As the world’s leading Security Ratings platform, Bitsight provides reporting and presentation tools that streamline risk-based reporting, provide actionable context, and ensure organizations are getting the most of their security resources.
What do risk-based presentations look like?
Risk-based cyber security presentations provide actionable information and context to convey results in a clear, easily understandable language that makes sense to all business stakeholders. In contrast to compliance-based or incident-based reporting, risk-based presentations highlight the role that specific numbers, vulnerabilities, and decisions play in the overall risk landscape of the organization.
Context is critical to a risk-based information security presentation. This may include anything from comparing current numbers to past performance or financially quantifying cyber risk to help executives and Board members understand the business impact a security program can have on the bottom line.
There are many ways to develop risk-based cyber security presentations, but these reports tend to include several critical elements.
- The highest-risk items are placed front and center of the report.
- Key findings and recommendations are assigned a risk score, helping stakeholders to understand their value in risk mitigation.
- Findings are placed in context by comparing metrics to past performance, peers, and competitors.
- Risk is framed in business terms – often with financial quantification – to help executives and leaders understand the real ramifications of findings.
For security teams wanting to adopt a risk-based approach to cyber security presentations, Bitsight offers leading solutions that streamline reporting and make findings understandable and accessible for organizational leadership.
Simplify cyber security presentations with Bitsight
Bitsight transforms how companies manage information security risk with objective, verifiable, and actionable Security Ratings. Bitsight’s industry-leading Security Ratings platform provides dynamic measurements of an organization’s overall security posture as well as granular detail about security performance across 23 key risk vectors.
Bitsight also provides a suite of solutions for easily communicating the findings of Security Ratings through risk-based cyber security presentations and reports.
Bitsight Executive Reports
Bitsight Executive Reports drive more informative and productive conversations about cyber risk, bridging the communications gap between risk management and executive teams. Executive Reports help identify gaps in risk and security programs and determine what resources are needed most for improvement. Reporting in the Bitsight platform is intuitive and does not require technical knowledge. Users can leverage more than a dozen readily available reports, including cybersecurity executive summary examples and templates, historical performance reports, and breakdowns of key performance indicators.
Bitsight Security Ratings for Benchmarking
Bitsight’s security benchmarking solution makes it easy to assess and monitor security posture and benchmark security performance against industry standards. With Bitsight, security teams can measure the impact of risk mitigation efforts, and gauge reporting progress and results contextually through risk-based cyber security presentations.
Bitsight Financial Quantification for Enterprise Cyber Risk
This Bitsight solution enables risk managers to easily quantify cyber risk financially without relying on outside consultants or undergoing long data collection processes. With insight into the monetary impact of specific areas of risk, risk leaders can more easily communicate key findings with executives and Board members through risk-based cyber security presentations.
How Bitsight Security Ratings work
Bitsight’s Security Ratings are the foundation to the Bitsight. Bitsight ratings provide dynamic measurement of the cyber security posture of an organization and its vendors based on objective, verifiable date. Ratings range from 250 to 900 – the higher the rating, the stronger the organization’s security posture and the lower chance of a suffering a data breach.
To rate an organization, Bitsight leverages externally observable data from sources around the world, mapping it to individual organizations. Ratings are based on terabytes of information that fall into four categories of data: compromised systems, security diligence, user behavior, and public disclosures of breach.
Bitsight’s ratings provide a continuous monitoring solution that delivers near-real-time insights into the security posture of organizations and third-party vendors. Security Ratings also offer critical insights for cybersecurity KPI dashboards, and serve as a common language that can be understood and spoken by both technical and non-technical individuals, facilitating conversations with stakeholders throughout the organization.
In addition to reporting and presentations, Bitsight Security Ratings are invaluable tools in cyber risk assessments, third-party risk management, and cloud security audits.
Why choose Bitsight?
The industry leader
Since its founding in 2011, Bitsight has pioneered the security ratings market and is trusted by some of the world’s largest organizations to provide a clearer picture of their security posture. Bitsight is the choice of 20% of the world’s countries, 25% of Fortune 500 companies, 4 of the top 5 investment banks, and all 4 of the Big 4 accounting firms.
Bitsight’s industry-leading proprietary data set delivers Security Ratings that are objective, verifiable, and actionable. Based on 120+ sources – including both owned and licensed data – Bitsight Security Ratings give customers unprecedented visibility into 23 key risk vectors, many of which are unique to Bitsight.
A highly engaged community
The value of the Bitsight Security Ratings platform increases as more customers engage in its solutions. Bitsight has the most robust community of cyber risk professionals interacting on its platform, providing the necessary context for customers to gain confidence in the accuracy of their ratings and interactions with third-party vendors.
FAQs: What is a risk-based cyber security presentation?
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