What is Cybersecurity Data?
Cybersecurity data is any information that helps security leaders and risk managers to better identify risk within an organization and its vendor network. Cybersecurity data may also include metrics and cyber risk analytics about the performance of security controls and programs.
Make More Informed Decisions with Cybersecurity Data
More companies today are actively seeking cybersecurity data that can help to measure the risk of a breach. Cyber threats continue to proliferate, growing in sophistication and severity. To avoid the cost and damage of a successful breach, security leaders need cyber risk metrics that can better identify vulnerabilities and gaps in security controls.
Bitsight can help. Bitsight Security Ratings offer a data-driven, dynamic measurement of an organization’s cybersecurity performance. Based on objective, verifiable data, Bitsight’s ratings enable continuous monitoring and assessment to help organizations make faster, more strategic decisions about cybersecurity policy and third-party risk management.
Bitsight’s Security Ratings Correlate to Breaches
Security incidents and data breaches are on the rise. Breaches originating from compromised vendors and third parties are especially prevalent. According to a recent study1, more than two-thirds of organizations have experienced a data breach as a result of vendor access. To protect their organizations, risk managers need cybersecurity data and metrics that can identify potential risks in vendor networks more effectively.
That’s where Bitsight comes in. Bitsight is the only security ratings platform proven to correlate with an organization’s likelihood of suffering a data breach. In a study that analyzed security ratings and breaches for more than 27,000 companies over a two-year period, Bitsight’s data scientists determined that companies with higher Bitsight Security Ratings are less likely to experience a publicly disclosed breach. As validated by AIR Worldwide2, companies with a Bitsight Security Rating of 500 or lower are nearly 5 times more likely to have a breach than those with a rating of 700 or above.
With cybersecurity data and Security Ratings from Bitsight, organizations can:
- Continuously monitor vendors to reduce third-party risk. Security teams can prioritize which vendors need additional assessment and communicate with vendors to ensure that issues are being addressed.
- Benchmark their security performance. Risk managers can more easily communicate with executives and the board about what ratings mean and what they suggest for priorities and investments. Security leaders can remediate issues with detailed cybersecurity forensics to reduce the risk of a breach.
- Monitor merger and acquisition targets. Bitsight Security Ratings enable M&A teams to identify security problems at any time throughout the M&A process from discovery through due diligence and purchase.
1Bomgar 2017 Secure Access Threat Rep 2http://www.air-worldwide.com/Publications/Infographics/Global-Cyber-Resilience