Cybersecurity governance is a critically important part of managing security and risk in organizations large and small. As a responsibility of boards and executive leaders to enforce, cybersecurity governance ensures that a company’s cybersecurity model and program align with business objectives, complies with government or industry regulations, and achieves the goals that leadership has set out for managing security and risk.
Reporting on cloud security metrics is key to governance. A clear view of the performance of security programs enables boards and executives to make informed decisions about cybersecurity policy and investments, and to know whether the organization’s security objectives and requirements are being met. However, most organizations lack the clear, objective, and actionable metrics they need to support cybersecurity governance. And without a superior reporting structure, the time and cost of preparing reports can tax an already overwhelmed security team.
BitSight can help. The BitSight Security Ratings platform provides organizations with data-driven, objective, and dynamic measurement of their security performance – and the security posture of their third-party vendors. By immediately exposing risk within an IT ecosystem and supply chain, BitSight delivers the information organizations need to govern their security programs more effectively with customizable reports tailored to their organization’s specific needs.
BitSight Security Ratings measure an organization’s security performance. Like credit ratings, BitSight ratings offer an outside-in approach that evaluates performance with analysis of externally observable data. Armed with daily BitSight ratings, organizations can proactively quantify and manage risk and improve cybersecurity governance.
Unlike other security assessment tools that rely on periodic scans, BitSight continuously measures performance based on four categories of data: compromised systems, security diligence, user behavior, and publicly disclosed data breaches. Ratings are calculated with a proprietary algorithm, and BitSight Security Ratings are proven to correlate to likelihood of potential breaches. The higher a company’s rating, the better it is at implementing good security practices and continuous managing new risks to their network.
With BitSight Security Ratings, security leaders, executives, and boards have the tools to better identify and remediate risk and cybersecurity threats.
BitSight Security Ratings are the foundation for a suite of solutions that help organizations heighten security performance, mitigate risk, and strengthen cybersecurity governance. These include:
When organizations use BitSight Security Ratings to make critical business decisions, it’s important that the ratings themselves are accurate and trustworthy. BitSight was founded with the goal of increasing transparency around cybersecurity to enable dynamic, informed interactions between global market participants.
BitSight’s governance process provides guidelines for responsible development of security ratings. In 2017, BitSight helped create the “Principles for Fair and Accurate Security Ratings,” a set of practices that affirm the role of ratings in promoting security and govern the responsibility of companies like BitSight in creating these measurements.
To enable stronger cybersecurity governance based on concrete data, BitSight is dedicated to ensuring:
As the world’s leading security rating service, BitSight transforms the way organizations approach cybersecurity and risk management. BitSight tools for continuous monitoring and assessment – including attack surface monitoring, cyber risk monitoring, and cloud security monitoring – help organizations make faster, more strategic decisions about risk, information security requirements, and cybersecurity governance.
With 2,100+ customers worldwide, BitSight is a partner to 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. The BitSight platform is home to 25,000+ users sharing security ratings with more than 170,000 third-party organizations, making it the most widely used security ratings platform across all industries.
Cybersecurity governance is the process of establishing the architecture that ensures a company’s security programs align with business objectives, comply with regulations and standards (such as PCI security standards), and achieve objectives for managing security and risk.
Security ratings support governance by providing an objective, data-driven measurement of an organization’s security performance. Armed with security ratings, decision-makers can determine how well cybersecurity efforts are working and where improvements can be made.