Cybersecurity Investment

Getting More From Your Cybersecurity Investments

Organizations today are adopting new and emerging technologies faster than they can address the security issues these technologies create. Despite the increased challenge of managing risk and cyber threats, investments in cybersecurity are decreasing. Security managers are being asked to do more with less, and organizations want clearer demonstration of ROI on the cybersecurity investments they’ve already made. In this environment, it’s essential for security leaders to get more from their existing investments, to rethink traditional methods of mitigating risk, and to automate tasks wherever possible.

Bitsight for Security Performance Management can help. With a suite of solutions that provides data-driven insight, context, and visibility, Bitsight provides everything you need to enrich the security data you’re already collecting and maximize ROI on your cybersecurity investments.

Three Ways to Improve ROI on Cybersecurity Investments

There are three critical steps you can take to get more from the cybersecurity investments you’ve already made.

Remediate gaps within your existing tech stack

Cybersecurity threats play out today faster than ever. New vulnerabilities are constantly being exploited and attacks can escalate very quickly. As your attack surface grows, it’s essential to remediate any cybersecurity gaps such as unpatched systems or open ports that can lead to a breach or security incident. Gaining visibility into gaps such as shadow IT is critical to address potentially major threats to business operations. As your digital footprint expands, you need tools to discover these hidden assets, evaluate their risk, and bring them into line with corporate security policies. A proactive approach is essential – falling behind on implementing security updates or patching can lead to vulnerabilities that can be easily exploited.

Automate risk discovery and assessment processes

Traditional security processes are based on a reactive, tactical, alert-based methodology. In this approach to cybersecurity, teams are often inundated with alerts, including many false positives, that result in excessive escalation, delays in time-to-response, wasted manpower hours, and the potential for threats to slip through the cracks. By automating security practices, teams can shift to a more proactive, strategic, risk-based approach to security performance management. By prioritizing remediation efforts based on areas of highest risk, security teams can accomplish more with fewer resources.

Make strategic, data-driven decisions

With your digital ecosystem expanding even as your cybersecurity budget is shrinking, it’s essential to prioritize cybersecurity investments and resources for greatest impact. Data is the key to making more informed security decisions and ensuring you’re spending your security dollars effectively. To get the most out of your limited resources, you need data and metrics that deliver superior visibility into the performance of your security programs and insight into the risks across your ecosystem. Armed with the right intelligence and cyber security reports, you can identify paths to reduce cyber risk, better allocate resources, and meet rapidly changing standards for cybersecurity programs.

Bitsight for Security Performance Management

Bitsight for Security Performance Management provides a risk-based, outcome-driven approach to managing cybersecurity programs – and getting the most from cybersecurity investments. Bitsight’s solution uses broad measurement, continuous monitoring, detailed cybersecurity planning, and forecasting to effectively reduce cyber risk, even with shrinking cybersecurity budgets. With Bitsight, you get the tools and data-driven insights needed to optimize ROI of your existing technology, prioritize limited resources for greatest impact, and drive operational efficiency in your risk management programs.

A Comprehensive Suite of Security Performance Solutions

Bitsight for Security Performance Management offers a suite of tools that help security teams get more from the cybersecurity investments they’ve already made.

  • Bitsight Security Ratings are a data-driven and dynamic measurement of an organization’s cybersecurity performance. Using externally observable data on a variety of security issues, Bitsight Security Ratings help to identify gaps in your security controls, automate risk assessment through continuous monitoring, and deliver the intelligence security leaders need to make informed decisions. Bitsight Security Ratings also help prioritize resources based on the areas of greatest risk and continuously monitor IT infrastructure for vulnerabilities.
  • Bitsight Attack Surface Analytics provide broad security visibility into expanding digital footprints. Bitsight helps to identify risk exposure from shadow IT, outdated software, undetected malware, unsecured access points, and misconfigured system. With Bitsight’s solution, you can continuously measure the efficacy of cybersecurity controls, gain insight into inherent risk, detect gaps in cybersecurity controls, and remediate issues faster.
  • Bitsight Peer Analytics provide unprecedented visibility into security benchmarks for your industry, sector, and peer group. With insight from this Bitsight solution, you can determine the ideal security posture that will help your company win new business and remain competitive. Peer Analytics also uncovers gaps in cybersecurity programs by comparing risk factors within peer groups.
  • Bitsight Enterprise Analytics takes the guesswork out of identifying risk concentration and enhances security performance across distributed enterprise groups.
  • Bitsight Forecasting helps assess current security performance based on historical analysis and qualitative and quantitative data about weaknesses in your security program. This Bitsight solution enables security leaders to make more informed decisions about strategy and resources required to improve cybersecurity posture.
  • Bitsight Executive Reporting facilitates data-driven conversations with executives and board members. Bitsight reports also enable security leaders to justify budgets and focus cybersecurity investments for the highest potential impact.
  • Bitsight Security Ratings for Benchmarking delivers a continuous, data-driven measure of security performance, providing the quantified baseline and comparative data security leaders need for data-driven decisions.

Why choose Bitsight?

An industry-leading solution

Bitsight is the world’s leading provider of cyber risk intelligence, transforming how security leaders manage and mitigate risk. Leveraging the most comprehensive external data and analytics, Bitsight empowers organizations to make confident, data-backed decisions and equips security and compliance teams from over 3,300 organizations across 70+ countries with the tools to proactively detect exposures and take immediate action to protect their enterprises and supply chains.

Bitsight customers include 38% of Fortune 500 companies, 4 of the top 5 investment banks, and 180+ government agencies and quasi-governmental authorities, including U.S. and global financial regulators.

Extensive visibility

Bitsight operates one of the largest risk datasets in the world. Leveraging over 10 years of experience collecting, attributing, and assessing risk across millions of entities, we combine the power of AI with the curation of technical researchers to unlock an unparalleled view of your organization. Bitsight offers more complete visibility into important risk areas such as botnets, mobile apps, IoT systems, and more. Our cyber data collection and scanning capabilities include:

  • 40 million+ monitored entities
  • 540 billion+ cyber events in our data lake
  • 4 billion+ routable IP addresses 
  • 500 million+ domains monitored
  • 400 billion+ events ingested daily
  • 12+ months of historical data

Superior analytics

Bitsight offers a full analytics suite that addresses the challenges of peer comparison, digital risk exposure, and future performance.

Ratings validation

Bitsight is the only rating solution with third-party validation of correlation to breach from AIR Worldwide and IHS Markit.

Quantifiable outcomes

Bitsight drives proven ROI with significant operational efficiency and risk reduction outcomes.

Prioritization of risk vectors

Bitsight incorporates the criticality of risk vectors in to calculation of Security Ratings, highlighting risk in a more diversified way to ensure the most critical assets and vulnerabilities are ranked higher.

FAQs: What Are Cybersecurity Investments?

Cyber Hygiene

Mitigating risk through cyber hygiene

As the landscape of cyber threats continues to expand and evolve, more organizations are seeking to improve security through effective cyber hygiene. Many successful attacks today are the result of lapses in security best practices – perhaps a port is left open, an administrator’s privileges aren’t updated, or a patch isn’t implemented in a timely way. These lapses in security hygiene present opportunities for attackers who are constantly looking for any crack in an organization’s defenses.

Cyber hygiene is essentially a set of practices and tasks an organization can execute to keep systems, data, and users safe and well-protected. By regularly checking, adjusting, and updating patches, security controls, configurations, and inventories, strong security hygiene reduces the attack surface and minimizes the likelihood of a data breach.

As the world’s leading Security Ratings platform, Bitsight provides a suite of solutions that enable organizations to continuously monitor their own cyber hygiene as well as the security posture of third-party vendors, helping to mitigate risk in the supply chain.

What are the keys to good cyber hygiene?

Effective cyber hygiene begins with an understanding of best practices for improving security and reducing risk, such as those identified in the NIST Cybersecurity Framework. By mapping existing security practices to the NIST framework, security teams can evaluate their current level of cyber hygiene and take steps to improve it.

These cyber security policy examples highlight suggestions for effective security hygiene:

  • Inventorying assets to understand what hardware and software is running on a network or is connected to it.
  • Configuring security settings appropriately and consistently to protect systems and data.
  • Managing user authentication effectively to ensure only authorized individuals have administrative privileges and access to sensitive data.
  • Regularly updating all applications, software, operating systems, and hardware with patches and updates soon after they become available.
  • Monitoring and analyzing audit logs to detect, identify, and recover quickly from attacks.
  • Monitoring and updating defenses that protect data, applications, and hardware.
  • Establishing a security awareness training program for employees and vendors.
  • Building an incident response and management program.
  • Deploying network security and monitoring.
  • Managing cyber risks associated with third-party suppliers, as early as the procurement phase.
  • Performing cyber threat and vulnerability monitoring and remediation.

To improve cyber hygiene, organizations must continuously monitor their efforts on each of these tasks and alert security teams to lapses in best practices. That’s where Bitsight Security Ratings can provide invaluable assistance.

Monitoring cyber hygiene with Bitsight

Bitsight transforms how companies manage information security risk through objective, verifiable, and actionable Security Ratings. Founded in 2011, Bitsight pioneered the cybersecurity ratings industry with an outside-in approach that provides an objective and verifiable measurement of an organization’s security performance.

In contrast to cyber security assessment tools that examine a company’s policies or conduct periodic scans, Bitsight issues ratings that are based on evidence of compromised systems, security diligence, user behavior, and data breaches. This evidence-based measure of performance is a more effective way of evaluating security posture and has been proven to correlate to breach.

When used for monitoring cyber hygiene, Bitsight Security Ratings allow security teams to easily see how well their programs are aligned to the NIST Cybersecurity Framework. Bitsight can monitor cyber hygiene both for an organization and for the hundreds or thousands of vendors in its supply chain.

Benefits of Bitsight Security Ratings

Bitsight delivers clear benefits for organizations as they work to improve cyber hygiene, including:

Map to NIST Cybersecurity Framework

Because Bitsight cyber risk ratings automatically map to the NIST framework, organizations can quickly identify critical trends and assess the effectiveness and strength of their cybersecurity maturity model.

Identify security performance gaps

Organizations can use Bitsight to quickly generate reports that highlight gaps between security programs and critical parts of the NIST Cybersecurity Framework.

Extract actionable data

Bitsight delivers accurate, actionable data to help manage cybersecurity risk. Independent studies by risk modeling firms have verified the validity of Bitsight’s data, and Bitsight ratings have been proven to correlate to breach.

Continuously monitor cybersecurity maturity

Bitsight lets organizations continuously monitor the security performance of their organization and third-party vendors.

Why choose Bitsight?

An industry-leading solution

Bitsight is the world’s leading provider of cyber risk intelligence, transforming how security leaders manage and mitigate risk. Leveraging the most comprehensive external data and analytics, Bitsight empowers organizations to make confident, data-backed decisions and equips security and compliance teams from over 3,300 organizations across 70+ countries with the tools to proactively detect exposures and take immediate action to protect their enterprises and supply chains. Bitsight customers include 38% of Fortune 500 companies, 4 of the top 5 investment banks, and 180+ government agencies and quasi-governmental authorities, including U.S. and global financial regulators.

Extensive visibility

Bitsight operates one of the largest risk datasets in the world. Leveraging over 10 years of experience collecting, attributing, and assessing risk across millions of entities, we combine the power of AI with the curation of technical researchers to unlock an unparalleled view of your organization. Bitsight offers more complete visibility into important risk areas such as botnets, mobile apps, IoT systems, and more. Our cyber data collection and scanning capabilities include:

  • 40 million+ monitored entities
  • 540 billion+ cyber events in our data lake
  • 4 billion+ routable IP addresses 
  • 500 million+ domains monitored
  • 400 billion+ events ingested daily
  • 12+ months of historical data

Superior analytics

Bitsight offers a full analytics suite that addresses the challenges of peer comparison, digital risk exposure, and future performance.

Ratings validation

Bitsight is the only rating solution with third-party validation of correlation to breach from AIR Worldwide and IHS Markit.

Quantifiable outcomes

Bitsight drives proven ROI with significant operational efficiency and risk reduction outcomes.

Prioritization of risk vectors

Bitsight incorporates the criticality of risk vectors in to calculation of Security Ratings, highlighting risk in a more diversified way to ensure the most critical assets and vulnerabilities are ranked higher. 

security ratings snapshot example

Request a free cyber risk report for your company to find the gaps in your security program and how you compare to others in your industry.

Cybersecurity Forensics

Mitigating Risk With Cybersecurity Forensics

No matter how much you invest in cybersecurity protection, the odds are your company will experience a breach at some point. When that happens, early detection and thorough forensics are essential to understanding how the attack happened, how you can remediate it quickly, where your security controls failed, and what you can do to minimize risk in the future.

Bitsight can help. Bitsight Forensics empowers you to understand key components of an attack, such as infections present on your network, to help you remediate issues efficiently to limit damage from an attack.

The Role Of Forensics In Cybersecurity

When your organization’s IT environment has been breached or compromised, cybersecurity forensics can help you analyze the methodology, scope, and damage of the breach. Learning as much as you can about lead to a successful attack on your network is just as important in preventing future attacks as your scanning and protection technology. Using this information, your security teams can refine your cybersecurity model, revise information security requirements, and implement the security controls that will better protect your network and your data in the future.

Cybersecurity forensics may include:

  • Understanding how the breach occurred.
  • Determining the size and business impact of a breach.
  • Determine whether the attack is ongoing.
  • Examining the network to look for signs of a lingering attack, including the presence of malware, backdoors installed, unauthorized user accounts, and accounts with unauthorized privileges.
  • Stopping attacks in progress.
  • Determining whether the attack has compromised sensitive information or data that is governed by cyber security regulations.

Bitsight Forensics

As a component of Bitsight Security Ratings for Benchmarking, Bitsight Forensics delivers an overview of compromised systems observed on your network and classifies them into several categories of risk factors:

  • Botnet infections
  • Malware servers
  • Potentially exploited
  • Spam propagation
  • Unsolicited communications

Bitsight Forensics also helps your security teams identify and remediate specific infections with information about command and control IPs, destination ports, compromised system observance dates, location, and number of observations.

With Bitsight forensics, you can address serious network issues that other best-of-breed security tools may have missed, and identify the root cause of infections to remediate issues quickly, instead of relying on quick patches to hold. For vendor risk managers who are actively monitoring the security performance of your third-party network, Bitsight provides a way to share cybersecurity forensics data with vendors. Using an Enable Vendor Access process, you can request temporary access to the Bitsight portal for your compromised vendors, allowing them to use Bitsight’s data to see what you see about their network, all to allow for better identification and remediation of issues within their environment.

Cybersecurity Forensics Based On Industry-Leading Ratings

Bitsight’s cybersecurity forensics capabilities are powered by Bitsight’s industry-leading security ratings platform. Bitsight Security Ratings provide an objective, verifiable measurement of the security performance of an organization and its third-party vendors. Ratings are based on externally available cybersecurity data about an organization’s compromised systems, security diligence, user behavior, and data breaches. Ratings range from 250 to 900, with the current achievable range being 300-820 – the higher the rating, the more effective the company is at protecting its attack surface, implementing good security practices, and complying with cybersecurity standards.

Security and risk leaders can dive into data on the individual risk vectors that make up a security rating to determine the greatest areas of cyber risk to the organization. Ratings can also foster data-driven conversations about cybersecurity among key stakeholders, and provide benchmarking tools that compare security performance to peers, competitors, and industry averages.

Why choose Bitsight?

An industry-leading solution

Bitsight is the world’s leading provider of cyber risk intelligence, transforming how security leaders manage and mitigate risk. Leveraging the most comprehensive external data and analytics, Bitsight empowers organizations to make confident, data-backed decisions and equips security and compliance teams from over 3,300 organizations across 70+ countries with the tools to proactively detect exposures and take immediate action to protect their enterprises and supply chains.

Bitsight customers include 38% of Fortune 500 companies, 4 of the top 5 investment banks, and 180+ government agencies and quasi-governmental authorities, including U.S. and global financial regulators.

Extensive visibility

Bitsight operates one of the largest risk datasets in the world. Leveraging over 10 years of experience collecting, attributing, and assessing risk across millions of entities, we combine the power of AI with the curation of technical researchers to unlock an unparalleled view of your organization. Bitsight offers more complete visibility into important risk areas such as botnets, mobile apps, IoT systems, and more. Our cyber data collection and scanning capabilities include:

  • 40 million+ monitored entities
  • 540 billion+ cyber events in our data lake
  • 4 billion+ routable IP addresses 
  • 500 million+ domains monitored
  • 400 billion+ events ingested daily
  • 12+ months of historical data

Superior analytics

Bitsight offers a full analytics suite that addresses the challenges of peer comparison, digital risk exposure, and future performance.

Ratings validation

Bitsight is the only rating solution with third-party validation of correlation to breach from AIR Worldwide and IHS Markit.

Quantifiable outcomes

Bitsight drives proven ROI with significant operational efficiency and risk reduction outcomes.

Prioritization of risk vectors

Bitsight incorporates the criticality of risk vectors in to calculation of Security Ratings, highlighting risk in a more diversified way to ensure the most critical assets and vulnerabilities are ranked higher.

FAQs: What Are Cybersecurity Forensics?