Organizations are often in the dark when it comes to understanding the actual security performance of critical third parties or even assessing the impact of their own security programs and policies. This is due to a lack of objective metrics and tools that help measure and mitigate cyber risk across the business ecosystem
In 2011, BitSight pioneered the security ratings market, founding the company with a solitary mission: to transform how organizations evaluate risk and security performance by employing the outside-in model used by credit rating agencies. The BitSight Security Rating Platform generates objective, outside-in ratings on companies’ security performance. Using evidence of security outcomes from networks around the world, BitSight applies sophisticated algorithms to produce daily security ratings. BitSight gathers terabytes of data on security outcomes from sensors deployed across the globe. From our data, we see indicators of compromise, infected machines, improper configuration, poor security hygiene and potentially harmful user behaviors. BitSight’s sophisticated algorithms analyze the data for severity, frequency, duration, and confidence and then map it to a company's known networks, creating an overall rating of that organization’s security performance. These objective ratings, based on externally accessible data, give visibility into a company's security posture over time