While benchmarking has helped improve performance in many areas of business, most cybersecurity teams have been unable to take advantage of this powerful tool. The reason: security benchmarks require more than the traditional metrics with point-in-time assessments, subjective judgments, or highly technical KPIs. To reap the value of security benchmarking, security teams need tools that provide continuous, objective, easily understood metrics that offer an externally comparative view of cybersecurity performance over time.
BitSight can help. BitSight Security Ratings for Benchmarking offer a continuous, data-driven measure of security performance, allowing businesses to establish a quantified baseline and comparative data. With BitSight, organizations can benchmark their security performance on a wide set of actionable metrics.
Security ratings provide a baseline that organizations can use to measure their cybersecurity performance across business units and against competitors and peers. By tracking ratings over time and comparing them to the ratings of other companies, security leaders and risk managers can establish security benchmarks that reveal where their organization or department stands.
With security benchmarks, organizations can:
BitSight Security Ratings offer a data-driven measure of the security performance of an organization and its vendors. BitSight’s ratings are derived from objective, externally observable and verifiable information and provide a score – from 250 to 900 – that indicates how effective a company is at implementing good security controls.
BitSight continually analyzes, evaluates, and monitors the security posture of thousands of companies using externally observable data. Ratings are updated daily, and BitSight issues alerts when a company’s rating changes significantly.
BitSight Security Ratings for Benchmarking give security leaders visibility into a wealth of risk vector data on their own company as well as their vendors and peers. With security benchmarks from BitSight, organizations can measure the effectiveness of risk mitigation programs, compare performance to peers, and communicate KPIs to the board.
Security and risk leaders can use BitSight’s security benchmarking technology to achieve measurable improvement in security programs. BitSight enables security teams to:
In 2011, BitSight pioneered the security ratings market with an outside-in model for security ratings. Today, BitSight is the world’s leading security ratings service, serving 25% of Fortune 500 companies, 20% of the world’s countries, 7 of the top 10 largest cyber insurers, and 4 of the top 5 investment banks. Through continuous monitoring and assessment – including attack surface monitoring, cyber risk monitoring, and cloud security monitoring – BitSight helps organizations make faster, more strategic decisions about cybersecurity policy and third-party risk.
BitSight’s leadership in the Security Ratings industry is built on three pillars:
Security benchmarks are a measure of an organization’s baseline of security performance, the improvements to its security programs over time, and comparisons of its performance against industry peers, competitors, and different business units.
Security benchmarking requires clear, easily understood, continuously tracked metrics about an organization’s security performance – which most traditional tools for measuring performance are unable to provide. In recent years, the development of security ratings services has made security benchmarking more effective by providing quantitative, objective, and continuous security metrics.