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BITSIGHT SECURITY RATINGS BLOG

Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more.

Streamline Your Bank's Third-Party Vendor Management Risk Assessments

Banks and other financial institutions are a proving ground for new risk management methods. High risk and intense regulations feed into a culture of serious, comprehensive security — a culture that has manifested in mature methodologies...

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Lessons Learned from 3 Major Financial Services Data Breaches

The financial services industry is built on trust. In the past, this trust was physically embodied by heavy bank vaults made from multiple layers of steel. Today, however, attackers and thieves don’t need lock picks to steal from financial...

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BitSight Research Highlights Financial Services Security Ratings in the United Kingdom

Over the last several years, cybersecurity regulations (like NYDFS and GDPR) have placed pressure on the financial services industry to build and enforce some of the strongest risk management programs across any industry. These programs...

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3 Cybersecurity Risk Factors Financial Institutions Often Overlook

With every reported data breach or cyberattack, the cyber risk landscape gets a little more complex. Cyber criminals create new attack vectors, cybersecurity professionals develop new controls to protect their systems, the criminals get to...

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How Security Ratings Can Help Organizations Adhere to Hong Kong’s Cybersecurity Guidelines

The implementation of many strict cybersecurity regulations and requirements (including GDPR, NYDFS, and more) continues to increase on a global scale. 2018 has also brought about the continuation of strict cybersecurity regulations in the...

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5 Highlights Of The NYDFS Cybersecurity Regulations

In March 2017, the New York Department of Financial Services (NYDFS) cybersecurity regulations—known as 23 NYCRR Part 500—went into effect. According to the regulation, “any Person operating under or required to operate under a license,...

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Information Security In Banking & The Financial Industry: 3 Critical Risks Posed By Vendors

In a new report on cybersecurity in the banking and financial sector, BitSight researchers examined the security performance of more than 5,200 organizations in the Legal, Technology, and Business Services industries. These...

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Cybersecurity In Financial Services: Analyzing Third- & Fourth-Party Best Practices

The financial services industry is known for its mature cybersecurity programs. There are many drivers for this, one being the increasingly strict regulatory environment. For example, the Office of the Comptroller of the Currency (OCC)...

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5 Credible Cybersecurity Threats To The Financial Services Sector

The financial services sector has traditionally been viewed as highly mature when it comes to cybersecurity initiatives. In fact, this BitSight Insights report found that the financial sector had the highest Security Rating of all examined...

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