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BitSight Security Ratings Review

2

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
Governance, Risk and Compliance, Third Party and Supplier Risk Management

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Description of BitSight Security Ratings

BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. BitSight’s solutions for Security Performance Management, Third Party Risk Management, Critical National Infrastructure, and Cyber Insurance are further bolstered by partnerships with Solactive, Refinitiv and Kovrr, broadening BitSight’s offerings for investors and cyber insurers as cybersecurity ratings continue to demonstrate a strong correlation to business performance. BitSight is the Standard in Security Ratings with over 2,100 global customers, including 20% of the Fortune 1000, and the largest ecosystem of users and information. The BitSight Security Rating was also used by 20% of the world’s governments in 2020 and is currently available on over 40 million organizations worldwide.

Reviews

Global ratings 2
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Type of review

Revainrating 5 out of 5

Mostly satisfied and hopeful that other product offerings will lead better

I like most of what they do for us but there are some things we would change if it were possible (but not likely). We have been using them since 2014 so maybe this is just something new or different now? But at least with our current situation nothing has changed as far as functionality goes - which was great! If you need an additional layer in managing your overall cybersecurity posture then BSR can be helpful here too by providing another level of granularity into assessing risks across all…

Pros
  • It integrates well enough that almost no effort required
  • The customizable dashboard works very nicely, showing only relevant information about threats identified from scans
  • They're proactive; their threat intelligence teams identify attacks before others even know such activity exists
Cons
  • Zero

Revainrating 5 out of 5

Good Tool For Cyber Insurance Analysis

It helped me understand my organization's exposure compared with other companies in our industry so we can make better decisions about whether or not it is worth purchasing additional coverage for ourselves. There isn't anything I disliked specifically but there could be some improvements made if they are able to create an application specific rating tool like this one would allow them more flexibility when creating customized reports. We were trying to figure out what percentage of our budget

Pros
  • This service allowed easy access into how much money each department within your business has allocated toward security initiatives, such at insurance claims related costs that you may have incurred due to poor data protection practices from previous years all while still allowing employees who use information technology systems everyday (such myself) easily find their own way around without having any technical experience whatsoever required! Just point and click away until finding exactly whatever info
Cons
  • Secret