Building new digital relationships with third-parties increases your exposure to cyber risks. Feel confident in your approach to managing the cyber risk posed by third parties.
How to monitor vendors’ cybersecurity posture
As trends toward outsourcing and remote workforces continue to reshape the business landscape, monitoring the cybersecurity posture of your vendors is more critical than ever. A surprising number of companies, however, rely on annual or biannual surveys to determine third-party cybersecurity posture. In addition to being potentially biased and subjective, these surveys can be outdated within hours of completion. Continuous monitoring is a far more helpful approach but can be challenging to implement without the right tools.
BitSight offers an answer – an automated, continuous monitoring solution that delivers daily risk and cybersecurity metrics that allow you to proactively identify the cybersecurity posture of vendors to better manage risk throughout your ecosystem.
Evaluating cybersecurity posture
There are four key indicators that can help to determine a vendor’s cybersecurity posture.
1. Compromised systems
From botnet infections and spam propagation to malware servers and exploited machines, compromised systems are evidence of successful cyberattacks and an indication of potential future breaches.
Determining whether a third-party has taken steps to prevent an attack can indicate whether the organization has a strong cyber risk strategy and risk management practices in place.
3. User behavior
User behavior that may expose credentials and employees who use peer-to-peer filesharing protocols may make their organization more susceptible to malware infections.
4. Data breaches
An organization’s history of breaches for which it was at fault is a strong indicator of its cybersecurity posture.
Measuring cybersecurity posture with BitSight
BitSight is the world’s most widely adopted Security Ratings solution. Providing a data-driven, dynamic measurement of an organization’s cybersecurity performance, BitSight enables you to quickly determine a vendor’s cybersecurity posture and to make faster, more strategic management decisions about vendor relationships.
BitSight Security Ratings are daily ratings derived from objective, verifiable information. Similar to the approach developed by the credit ratings industry, BitSight Security Ratings are based on the analysis of externally observable data. BitSight continuously measures the four critical indicators – compromised systems, diligence, user behavior, and data breaches – to deliver a real-time, evidence-based cyber risk assessment.
Benefits of security ratings for cybersecurity posture
BitSight Security Ratings provide the data and intelligence that drives several use cases.
By generating security ratings that measure the cybersecurity posture of third-party vendors, BitSight offers significant advantages to your organization.
BitSight Security Ratings help to summarize the risk in vendor relationships and communicate technical details in easily understood terms to make more informed decisions about partnering with other businesses.
By enabling you to determine a vendor’s cybersecurity posture and associated risk, BitSight Security Ratings make it possible to bring vendors on board faster and to take advantage of the services and value they offer.
By understanding the cyber risk related to each vendor and aligning it with your organization’s risk tolerance levels, you can make data-driven decisions that prioritize resources to reduce risk efficiently across your portfolio.
Why Choose BitSight?
Customers choose BitSight for several key criteria.
Broadest risk visibility
BitSight offers more complete visibility into important risk areas such as botnets, mobile apps, IoT systems, and more.
BitSight offers a full analytics suite that addresses the challenges of peer comparison, digital risk exposure, and future performance.
BitSight is the only rating solution with third-party validation of correlation to breach from AIR Worldwide and IHS Markit.
BitSight drives proven ROI with significant operational efficiency and risk reduction outcomes.
BitSight is the choice of more corporations, banks, governments, regulators, and insurers.