Press Releases

Bitsight, the Standard in Security Ratings, today announced a record 2017 with over 90% worldwide sales growth, 75% customer growth and 96% customer satisfaction, further validating market leadership. Bitsight pioneered the security ratings market in 2011, as the first company to offer a security ratings product. Organizations worldwide use Bitsight’s proven Security Ratings technology on a daily basis to make integral risk and business decisions. Having amassed over 1,000 customers and the largest ecosystem of users and information, Bitsight continues to be the most widely used Security Ratings Service.
According to Gartner, “By 2022, cybersecurity ratings will become as important

Bitsight, the Standard in Security Ratings, today announced accelerated momentum for its Global Channel Program. In addition to technology and strategic partners, Bitsight now has more than 120 partners across the globe, including value-added resellers, referral partners and consulting partners, who work with customers to understand their security posture, as well as how to incorporate Bitsight Security Ratings into their larger security and risk management strategy.

Bitsight pioneered the Security Rating Services market in 2011 and transforms how companies manage thi

Bitsight, the Standard in Security Ratings, today announced the general availability of Bitsight Executive Reports, the first security ratings-based executive reporting engine to enable board members and executives to properly measure their organization’s third-party cyber risk. With the ability to produce flexible, customized reports on the security performance of third parties, organizations will not only be more empowered to take the appropriate steps to mitigate risk, but also make strategic decisions to optimize their security and risk programs.

“Cybersecurity is a board-level issue. Now more than ever, security and risk professionals are tasked with sharing security perf

Bitsight, the Standard in Security Ratings, today released a new report titled, “The Buck Stops Where? Assessing The Cybersecurity Performance of the Finance Supply Chain.” The report analyzes the finance industry, a leading industry in managing third-party cyber risk, to assess the security of its supply chain. Bitsight data scientists found that in most cases, companies in the finance industry supply chain are not meeting the same security standards that finance companies hold for their own organizations.

“While finance organizations tend to have more sophisticated vendor risk management programs, there is a lot of work to be done to cl

Bitsight, the Standard in Security Ratings, today announced its first half of 2017 key milestones, solidifying its leadership position within the security rating services market. Continued momentum can be attributed to the breadth and strength of Bitsight’s solution, global customer growth, and key strategic partnerships. Additionally, the company has strengthened its management team with four key executive hires and the promotion of Tom Turner to CEO, with Shaun McConnon becoming Executive Chairman of the Board.
"This has been a record first half of the

Bitsight, the Standard in Security Ratings, today announced that a consortium of some of the world’s largest and most risk-focused organizations demonstrated their commitment to supporting the utilization of fair and accurate security ratings as a valuable part of any security risk management program. The consortium, which includes Goldman Sachs, Morgan Stanley, Starbucks and Aetna, among others, announced the creation of the “Principles for Fair and Accurate Security Ratings,” designed to promote fairness in reporting and cybersecurity performance analysis, and encourage the adoption of security ratings across all industry sectors.
“Bitsight pioneered security ratings and was the first company to ever offer a security ratings

Bitsight, the Standard in Security Ratings and ElevenPaths, Telefónica Cybersecurity Unit specializing in the development of innovative security solutions, today announced a new alliance that will enhance visibility into supply chain risk for Telefónica customers worldwide.
The agreement between Bitsight and ElevenPaths provides Telefónica customers with ac

Bitsight, the Standard in Security Ratings, today released a new report titled, “A Growing Risk Ignored: Critical Updates,” analyzing more than 35,000 companies from industries across the globe over the last year, to better understand the usage of outdated computer operating systems and internet browsers, the time to it took to update operating systems once a new release was made available, and how these practices correlate to data breaches. The data shows that there are large gaps in asset management programs across the globe. Organizations must be more vigilant about limiting their attack surface by more rapidly addressing exploitable vulnerabilities.
The conclusion of this research coincides with “WannaCry,” a strain of ransomware that affected over 300,000 computers w

Bitsight, the Standard in Security Ratings, today announced the general availability of Sovereign Security Ratings, the first objective measurement of national cybersecurity risk. Sovereign Security Ratings enable national intelligence and law enforcement organizations to align security initiatives within a country and its industries, identify risks and vulnerabilities, and drive improvement through a nation’s critical infrastructure organizations.
Governments tasked with securing their nation’s critical infrastructure from cyber threats are often left without credible context wh

Bitsight, the Standard in Security Ratings, today released a new report titled, “How Secure Are America’s Largest Business Partners? Rating The Cybersecurity Performance of the Fortune 1000,” which analyzed the security posture of some of the world’s largest organizations. Leveraging the Bitsight Security Ratings Platform that generates objective, outside-in ratings, the report presents data on the cybersecurity performance of Fortune 1000 companies, identifies the most common system compromises, and outlines recommendations for improvement. For comparison, Fortune 1000 companies were studied alongside a random sample of 2,500 companies with a similar industry breakdown and with at least 2,500 employees.
“Understanding the security maturity of Fortune 1000 companies provides greater context for any organization looking to benchmark their own performance,” said

Bitsight, the Standard in Security Ratings, today announced the appointment of three key hires that strengthen its executive team and support the company through its next stages of hyper-growth. In newly created positions, Brian Cohen joins Bitsight as the company’s first Chief Financial Officer (CFO), Elizabeth Fischer joins as the General Counsel, and Dave Fachetti, Bitsight Board Member and investor from leading venture capital firm Globespan, joins Bitsight as the Senior Vice President of Partnerships.
The Bitsight Security Ratings Platform generates objective, outside-in ratings on companies’ security performance. Ratings range

Bitsight, the Standard in Security Ratings, today announced