Press Releases

Boston, November 18, 2021 — BitSight, the standard in security ratings, and Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy, and people, announced today a collaboration to help organizations better understand, measure, and manage their cyber risks.

Boston, November 17, 2021 — BitSight, the standard in security ratings, today announced it was named to the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. BitSight grew its revenue 280% during this period.

Boston, September 28, 2021 — BitSight, the standard in security ratings, and Glass Lewis, the leading provider of independent global governance solutions, today announced a strategic partnership to include critical cybersecurity information – comprised of BitSight Security Ratings, data, and insights – with Glass Lewis’ Proxy Paper research reports.

New York, September 13, 2021 — Moody’s Corporation (NYSE:MCO) and BitSight today announced a significant investment by Moody’s, further enhancing BitSight’s offerings and capabilities, to create a comprehensive, integrated, industry-leading cybersecurity risk platform. This transaction reflects the increasing strategic, financial, and operational impact of cyber risk to organizations and markets.
Over the past 18 months, the exponential rise of cyberattacks and ransomware has cost organizations hundreds of billions of dollars, threatened the stability a

BOSTON – August 3, 2021 — BitSight, the Standard in Security Ratings, today announced that it has closed H1 2022 surpassing $100 million in annual recurring revenue (ARR), cementing its clear leadership in the security ratings category.
BitSight’s rapid growth in subscription ARR included a 67% increase in year-over-year new and upsell ARR a

BOSTON – April 14, 2021 — Bitsight, the Standard in Security Ratings, today announced it has appointed Shelley B. Leibowitz to its Board of Directors. Leibowitz is a seasoned director with more than two decades of prior experience in Financial Services and Information Technology. Currently, she serves on the Boards of Morgan Stanley and MassMutual.
“Shelley is an accomplished leader with robust experience advising companies, and she will provide an invaluable perspective on the crucial role cybersecurity plays to the board of

BOSTON – April 6, 2021 — BitSight, the Standard in Security Ratings, and Kovrr, a leader in data-driven cyber risk modeling, are furthering their partnership and today announced Financial Quantification for Enterprise Cyber Risk—a product that provides CISOs and Chief Risk Officers an easier, more efficient and repeatable means to financially quantify their cyber risk and report to senior executives and board members.
Developed using Kovrr’s multiple underlying cyber risk models that analyze different categories of loss scenarios, the BitSight Financial Quantification for Enterprise Cyber Risk product calcul

BOSTON — March 9, 2021 — BitSight, the Standard in Security Ratings, announced that the company closed its fiscal year ending January 31 (FY2021) with record annual recurring revenue, record growth in platform data and usage, and over 500 new customers as the BitSight customer portfolio now includes 20% of the Fortune 1000. The BitSight Security Rating was also used by 20% of the world’s governments in 2020 and is currently available on over 40 million organizations worldwide.
BitSight’s solutions are based on the industry’s broadest, most unique, and most credible collection of cybersecurity performance data. In

BOSTON – February 25, 2021 — BitSight, the Standard in Security Ratings, today announced that it has been named a Leader in The Forrester New Wave™: Cybersecurity Risk Ratings Platforms, Q1 2021. According to the report, BitSight customer references indicated “high levels” of satisfaction with accuracy and ratings process transparency.

ARLINGTON, Va. – BOSTON – February 18, 2021 — Interos, the operational resilience company, and security ratings company BitSight today announced the pairing of BitSight security ratings with the AI-powered Interos platform to increase supply-chain resilience for a mutual DoD customer.
The joint effort will provide visibility into 3rd, 4th and 5th tier parties in supply chains to mitigate risk by identifying factors related t

BOSTON AND TEL AVIV – January 12, 2021 — BitSight, the Standard in Security Ratings, and Kovrr, a leader in data-driven cyber risk modeling, today announced a partnership to deliver the industry’s most comprehensive data-driven cyber risk financial quantification solution for the insurance market. The BitSight-Kovrr Financial Quantification for Insurance Cyber Risk gives cyber insurers the tools required to make decisions more accurately and confidently about key areas of the cyber insurance business including underwriting, modeling, and portfolio management.
To begin the partnership, BitSight and Kovrr released a

BOSTON — November 18, 2020 — BitSight, the Standard in Security Ratings, today announced the creation of the BitSight Policy Review Board (PRB), a governing body responsible for overseeing the company’s security ratings algorithm, developing and adjudicating the dispute resolution process, and publishing critical decisions about changes to BitSight’s ratings methodology. This industry-leading initiative demonstrates BitSight’s ongoing commitment to upholding the Principles for Fair and Accurate Security Ratings and providing unsurpassed transparency into ratings decisions.
“As the creator of the Security Ratings category, BitSight has always believed that transparency creates trust,” said Steve Harve

BOSTON — FRANKFURT — October 6, 2020 — BitSight, the Standard in Security Ratings, and Solactive, a German index engineering firm, today released new research demonstrating that a company’s cybersecurity performance is an indicator of business performance. Analysis shows that indices composed of well-performing BitSight-rated companies outperform their respective benchmarks by 1% to 2% annually. For certain sectors, such as U.S. Technology, well-rated companies outperform the benchmark by 7% per year. The findings are an endorsement for today’s introduction of the Solactive BitSight Cyber Risk Index, a financial index that will enable investors to invest in companies who are top cybersecurity performers as measured by BitSight.
Investors are deeply concerned about cyber risk affecting their investment portfolios. A

BOSTON — October 1, 2020 — BitSight, the Standard in Security Ratings, has reached a critical milestone, with 38 countries, representing one-fifth of all governments worldwide, now using BitSight solutions to monitor and manage cyber risk to critical national infrastructure. BitSight works with national governments to help manage national cyber risk through security ratings and analytics, which provide visibility and awareness of security performance of critical national infrastructure that can be used to identify vulnerabilities at scale, model systemic risk, enable close collaboration to reduce the likelihood of a national incident, and measure the effectiveness of policy. Countries with government organizations using BitSight include Belgium, Brazil, Germany, Iceland, The Netherlands, Spain, and the United States.
The vulnerability of national critical infrastructure on a global scale is being thrust into the limelight through attacks

BOSTON — June 16, 2020 — BitSight, the Standard in Security Ratings, today announced it has appointed Bob Brennan to Chairman of its Board of Directors. Brennan is a seasoned executive and advisor with more than three decades in information security and technology leadership roles.
“Bob is an industry leader with a proven track record of scaling companies and he will provide a valuable perspective as we take the