Press Releases

BitSight Security Ratings for Benchmarking Improves Security Performance Awareness for Executives & Boards

Melissa Stevens | June 19, 2014

Security Ratings for Benchmarking delivers a continuous, data-driven measure of security performance, giving businesses a quantified baseline and comparative data. 

Date: June 19, 2014

BitSight Technologies, the standard in Security Ratings, today announced BitSight Security Ratings for Benchmarking. The first-of-its-kind solution enables anyone from C-level executives to board members to IT professionals to quantify their security performance, measure the success of their overall security program and benchmark that over time and against an industry, individual peers or competitors.  

“In the wake of Target’s breach and executive shuffle, every corporate board wants to know how their company is performing from a cyber security standpoint and how that compares to other companies,” said Jon Oltsik, senior principal analyst for ESG. “There is a need today for solutions that will not only monitor and measure security risk and performance, but do so in a way that can be easily communicated to board members and non-technical executives.”

Security Ratings for Benchmarking delivers a continuous, data-driven measure of security performance, giving businesses a quantified baseline and comparative data. With alerts and actionable information, from malware types to the IP addresses involved, users can also identify and remediate potentially harmful security issues.

Key product features include:

  • Access to Security Ratings history and event statistics for your company and five competitors or peers.
  • Ability to compare yourself against other companies and industry performance.
  • Detailed event forensics about your own company that allows you to pinpoint risks in your network and remove them.

“Benchmarking is an absolutely critical assessment tool for executives and boards of directors. From compensation to market penetration, organizations benchmark themselves to gain insight into key performance metrics. Those measurements drive strategic decisions and initiatives. Cyber security is rapidly becoming a strategic area of focus; however, businesses have historically struggled to effectively benchmark themselves from a cyber security perspective,” said Stephen Boyer, co-founder and CTO for BitSight Technologies. “BitSight’s benchmarking solution is easy to consume and enables organizations to make more intelligent data-driven decisions. Organizations can now compare ratings against industries and peers and take action.”

Security Ratings for Benchmarking is built on BitSight’s Security Ratings Platform.  The BitSight solution analyzes terabytes of publicly available data gathered from sensors deployed across the globe and rates companies’ security performance on a daily basis. Observed security events and configurations, such as communication with a botnet, malware distribution, and email server configuration, are assessed for severity, frequency and duration and used to generate objective Security Ratings. BitSight Security Ratings range from 250 to 900, similar to consumer credit scores, with higher ratings equating to higher security performance.

For more information about Security Ratings for Benchmarking, register for BitSight’s webinar on June 27 athttp://bitsig.ht/1iawkge.

To view a copy of BitSight’s recent industry benchmark report for S&P 500 companies, visithttp://bitsig.ht/TxGRXy.

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