View our guide, 'Cybersecurity 101: Security Ratings Explained' to learn all about security ratings.
The challenge of cyber threat intelligence
Despite record spending on security measures, cyber threats continue to proliferate and expand. In fact, research shows that attacks on corporate networks increased 50% per week in 2021 over the previous year. In response, CISOs are seeking superior cyber threat intelligence that can help them better understand the overall risk to their digital perimeter and help them make more informed decisions about ways to mitigate it.
BitSight Security Ratings can help. BitSight’s cybersecurity platform delivers an objective, data-driven measurement of a company’s security performance and the performance of its vendors. Issued daily, BitSight Security Ratings help organizations evaluate the effectiveness of their security controls, identify and manage risk posed by third parties, and increase cyber threat intelligence throughout the digital perimeter.
Cyber threat intelligence for third-party networks
As more organizations migrate to the cloud and leverage high-performing external technology inplace of in-house operations, the business world today is more interconnected than ever. Cyber risks in one organization inevitably threaten business partners, customers, and third-party vendors as well. To protect their organizations, CISOs need automated cyber threat intelligence solutions that can monitor and measure risk across their entire digital perimeter – including all geographies, business units, cloud deployments, subsidiaries, and M&A networks.
This is where security ratings can offer tremendous value. Where traditional vendor risk assessments that are used as sole sources of truth, like penetration tests and vendor questionnaires, offer only limited or point-in-time assessments, security ratings can provide a continual measure of the security performance of an organization and its third-party network. The cyber threat intelligence offered by security ratings can easily fit into current third party assessments strategy and lifecycle risk management programs to help immediately expose risk within supply chains, enabling organizations to focus resources and work with third parties to make strategic risk management decisions.
Mitigate cyber risk with BitSight Security Ratings
BitSight Security Ratings are a powerful tool for proactively reducing risk throughout the attack surface. Providing an outside-in view of any organization’s security posture, security ratings provide cyber threat intelligence that takes the guesswork out of evaluating security performance and vendor cybersecurity hygiene.
BitSight Security Ratings range in value from 250 to 900, with higher ratings equating to better cybersecurity performance. To generate ratings, BitSight gathers and evaluates terabytes of publicly available data on security behaviors from more than 120 sources around the globe. Ratings are based on objective, externally verifiable information about a company’s security performance in four areas: compromised systems, security diligence, user behavior, and data breaches. By gathering this data daily and analyzing it for severity, frequency, duration, and confidence, BitSight can produce accurate Security Ratings that are proven to correlate to risk of breach.
The cyber threat intelligence generated by BitSight ratings lets you avoid blind spots across your digital perimeter, including third-party portfolios, subsidiaries, and M&A networks. With BitSight, you can easily report on aggregate cyber risk to meet internal, regulatory, and compliance requirements, identifying vulnerabilities and infections, as well as the specific vendors who are susceptible to them. Security ratings provide insight into the underlying technology that third parties rely on, helping you constantly monitor endpoints to proactively mitigate cyber risk throughout your organization.
Three ways to use BitSight Security Ratings
You can use BitSight Security Ratings and the cyber threat intelligence they provide to proactively mitigate risk in three critical ways:
Benchmark security performance
BitSight enables your organization to quantify cyber risk, measure the impact of mitigation efforts, and benchmark performance against industry peers. Through continuous controls monitoring, BitSight ratings can help identify the sources and root causes of risk, and the actions that can help to mitigate it.
Third-party risk management
BitSight Security Ratings enable your third-party risk teams to quickly and efficiently identify risk throughout the vendor lifecycle. BitSight can help determine which vendors to assess first, which to assess in greater detail, and which vendors to terminate because of unacceptable risk levels. Security ratings can also provide cyber threat intelligence as part of the M&A due diligence process.
Increase cyber risk awareness
As executives and boards seek greater visibility into security risk, BitSight tools for cyber risk quantification provide an easy way to assess risk in business terms and to facilitate productive conversations and decisions around cyber risk. Executive level dashboards can be used to educate management teams and provide context for decisions around funding for remediation efforts and business priorities.
Why customers choose BitSight
BitSight is the most widely adopted security ratings solution in the world, transforming how companies manage cyber risk. Founded in 2011, BitSight has pioneered security ratings technology to improve the way companies monitor security controls, gather cyber threat intelligence, and manage risk in third-party relationships. Enterprises rely on BitSight to help improve cyber resilience, while governments around the globe trust BitSight to help enhance critical infrastructure cybersecurity.
BitSight is the only security ratings provider with proven outside validation of its ratings, which have been demonstrated to correlate with data breach risk as well as business financial performance. By enabling more complete security visibility, BitSight has earned the business of over 2400 customers, including 20% of Fortune 500 companies, 1200 government institutions, four of the top 5 investment banks, and all of the Big 4 accounting firms.
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