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BitSight Security Ratings for
Vendor Risk Management

BitSight Security Ratings continuously monitor and quantify the cyber risk of third parties, enabling organizations to efficiently scale their vendor risk management programs. Ratings can be instantly shared with critical third parties fostering more effective collaboration around security.

See how BitSight Security Ratings can help you scale and optimize your vendor risk management program.

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The

Problem

With new threats emerging daily and companies increasingly outsourcing, managing vendor risk is becoming increasingly critical to protecting a company’s most important assets.

Gartner estimates that by 2020, 75% of Fortune Global 500 companies will treat vendor risk management as a board-level initiative to mitigate brand and reputation risk.

The third party risk gap is growing, and while current approaches to the problem are helpful, they typically only provide a moment-in-time snapshot of security risk. To proactively mitigate risk, organizations need automated tools that continuously measure and monitor the security performance of vendors.

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The

Solution

BitSight Security Ratings for Vendor Risk Management deliver timely, data-driven insights into any vendor’s security performance by continuously analyzing, and monitoring companies’ cybersecurity, all from the outside. Security ratings are generated on a daily basis, giving organizations continuous visibility into the security of key business partners.

With the ability to drill down into the security details used to generate an organization’s rating, companies can:

  • Lead intelligent, data-driven conversations with vendors about their security posture.
  • Trust these ratings to monitor cyber risk and make important business decisions because BitSight’s data has been independently verified.

Proven Business Value

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Scale your program through continuous monitoring of all third and fourth parties

Significantly increase vendor coverage through automated, continuous monitoring of cybersecurity risks.

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Make security risk decisions with speed and effectiveness

Facilitate decisions, which used to take days/weeks/months, in minutes or seconds.

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Enable collaboration through consistent, data-driven security and risk communications

Instantly share ratings with critical third parties directly in the vendor portal, fostering more effective collaboration around security to better protect your company’s assets.

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Reduce exposure to data breach

Identify and prioritize efforts on vendors of highest risk, based on independent third party validation of rating correlation to breach.

 

Thousands of users in leading organizations around the globe trust BitSight Security Ratings to help drive and scale their vendor risk management programs.

"It used to take weeks to complete vendor assessments. Now it takes us hours. BitSight Security Ratings facilitate security discussions with potential vendors. It’s an integral part of our vendor risk management program."

Michael Christian, Information Security Manager of Cyber Risk and Compliance, Cabela’s
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