Data Analytics and Cybersecurity

The role of data analytics in cybersecurity investments

As your digital ecosystem expands – and threats against it evolve – data analytics can have a critical impact on measuring cyber risks and improving cybersecurity performance management. Complex enterprises often have multiple distinct business units and subsidiaries, with mergers and acquisitions leading to organizational groups in disparate geolocations. The unique structure, function, and digital exposure of each group makes it difficult for security and risk leaders to get a read on risk and identify the likelihood of a cybersecurity attack.

Data analytics and cybersecurity reports from Bitsight provide clear visibility into the security performance of distributed enterprise groups. Based on Bitsight’s trusted insights, Bitsight data analytics takes the guesswork out of identifying concentrations of risk and helps security and risk leaders monitor security programs and allocate limited resources most effectively.

Bitsight cybersecurity data analytics

Bitsight Security Ratings empower businesses with data analytics and cybersecurity reporting, providing the insight required to seamlessly identify and measure cyber risk. Much like credit ratings, Bitsight Security Ratings are generated by analyzing externally observable data and are produced without any information or input from the rated entity.

Our security ratings range from 250 to 900, with the current achievable range being 300-820; the higher the rating, the more effective the company is at implementing effective security practices. Ratings are based on four classes of data: compromised systems, security diligence, user behavior, and data breaches.

Our ratings have been independently verified to correlate with an organization’s risk of a data breach. Cyber risk managers rely on Bitsight data analytics and cybersecurity reporting to accurately summarize an organization’s breach risk and prioritize cyber risk mitigation efforts with clear visibility into where the greatest risks exist.

Improving cybersecurity performance with Bitsight ratings

Bitsight Security Ratings leverage an unparalleled dataset to deliver differentiated insights. Our data analytics deliver unique visibility that help your organization make better, smarter decisions around cyber risk strategy and third-party risk management.

With Bitsight, you can access real-time, meaningful, and objective data and metrics on cybersecurity performance in each area of your organization. With visibility into risk throughout your digital footprint, you can easily assess exposure for individual units as well as your organization as a whole. Bitsight provides data analytics and cybersecurity reporting on security performance for each endpoint, enabling you to focus remediation efforts on the areas that will deliver the greatest risk reduction in the shortest period of time.

With Bitsight data analytics and cybersecurity reporting, security teams:

• Align security programs. Bitsight analytics make it easy to align business units, geographies, and subsidiaries into a cohesive and effective security program.
• Visualize areas of disproportionate risk. Bitsight’s ecosystem-wide views of your digital footprint make it easy to assess cyber risk based on areas of highest exposure as well as the security of individual assets.
• Monitor security performance across complex organizations. Bitsight provides an at-a-glance view of the relative security performance of multiple groups within your organization.
• Uncover group-based performance deficiencies. Identify the factors within each area that most significantly impact or detract from overall security performance, including unpatched systems, existing malware infections, and insecure access points.
• Consistently enforce security controls. Automatically create cybersecurity action plans for subsidiaries and measure the impact on parent groups from improvements to subsidiary security performance.
• Benchmark security programs. With daily security ratings for over 140,000 organizations, Bitsight makes it easy to benchmark the relative performance of security programs against the performance of peers and competitors.
• Allocate resources. Prioritize investments and allocate limited resources to the actions that can most effectively move the needle on cybersecurity performance.
• Create improvement plans. Set performance targets and create improvement plans for each enterprise group.
• Deliver effective reports. Confidently measure, manage, and report to the board about the security performance of different units.

Integrating Bitsight cybersecurity data analytics

The Bitsight platform offers intuitive integration with leading vendor risk management (VRM) and governance, risk and compliance (GRC) solutions. By integrating Bitsight’s best in-class data analytics and cybersecurity reporting with VRM and GRC partners, you can streamline your vendor assessment process and gain increased confidence in your security programs and controls.

Our VRM and GRC partners include:

• ServiceNow. Get continuous monitoring and real-time updates on risk within your vendor pool to achieve efficient, technology-based risk reduction.
• Venminder. Confidently assess vendor risk during onboarding.
• ThirdPartyTrust. Drive automated risk reduction with cybersecurity information and data surrounding all vendor relationships, centralized in one encompassing view.
• ProcessUnity. Make quicker, more accurate remediation decisions.
• Archer. Improve workflow efficiency in third-party risk management.
• OneTrust. Implement a consistent third-party risk management program.
• Prevalent. Gain a complete and consistent view of vendor risk intelligence.
• Riskmethods. Improve cyber resilience with an AI-powered platform backed by Bitsight data.
• Coupa. Manage transactions across procurement, payments, and supply chain.
• Interos. Bring visibility to the operational resilience cloud.

Why customers choose Bitsight

An industry-leading solution

Bitsight is the world’s leading provider of cyber risk intelligence, transforming how security leaders manage and mitigate risk. Leveraging the most comprehensive external data and analytics, Bitsight empowers organizations to make confident, data-backed decisions and equips security and compliance teams from over 3,300 organizations across 70+ countries with the tools to proactively detect exposures and take immediate action to protect their enterprises and supply chains.

Bitsight customers include 38% of Fortune 500 companies, 4 of the top 5 investment banks, and 180+ government agencies and quasi-governmental authorities, including U.S. and global financial regulators.

Extensive visibility

Bitsight operates one of the largest risk datasets in the world. Leveraging over 10 years of experience collecting, attributing, and assessing risk across millions of entities, we combine the power of AI with the curation of technical researchers to unlock an unparalleled view of your organization. Bitsight offers more complete visibility into important risk areas such as botnets, mobile apps, IoT systems, and more. Our cyber data collection and scanning capabilities include:

• 40 million+ monitored entities
• 540 billion+ cyber events in our data lake
• 4 billion+ routable IP addresses 
• 500 million+ domains monitored
• 400 billion+ events ingested daily
• 12+ months of historical data

Superior analytics

Bitsight offers a full analytics suite that addresses the challenges of peer comparison, digital risk exposure, and future performance.

Ratings validation

Bitsight is the only rating solution with third-party validation of correlation to breach from AIR Worldwide and IHS Markit.

Quantifiable outcomes

Bitsight drives proven ROI with significant operational efficiency and risk reduction outcomes.

Prioritization of risk vectors

Bitsight incorporates the criticality of risk vectors in to calculation of Security Ratings, highlighting risk in a more diversified way to ensure the most critical assets and vulnerabilities are ranked higher.