BOSTON — December 16, 2019 — Bitsight, the Standard in Security Ratings, today announced several enhancements to its Bitsight for Fourth-Party Risk Management solution that provides organizations with deeper, automated and continuous visibility into their extended business ecosystem to help them more effectively manage fourth-party risk. The only solution of its kind in the security ratings market, Bitsight for Fourth-Party enables organizations to identify areas of concentrated business and cyber risk by automatically pinpointing connections between any organization, its business partners, and potentially risky fourth-parties. Updates include expanded observable fourth-party datasets, including 80 categories of technology service providers (e.g. hosting, DNS, CDN, security, expense management) and more than 11,000 technology products (e.g. Amazon Web Services, Microsoft Azure, Dyn DNS, Microsoft Office 365), and an enhanced user experience.
As organizations’ vendor and fourth-party ecosystems continue to expand, so does their risk surface; however, lack of visibility into that ecosystem