Overview

Bitsight provides financial services organizations with real-time cybersecurity monitoring and ratings. It helps businesses evaluate third-party risks, detect vulnerabilities, and stay compliant with key regulations. With its platform, organizations can continuously assess their security posture, identify potential risks, and prioritize mitigation efforts. Bitsight's ratings provide a measurable way to communicate risk to stakeholders and to support risk management strategies.

Features and Capabilities

• **Strategic Risk Management: **Bitsight provides a comprehensive view of potential threats across your digital ecosystem, allowing early identification and mitigation of risks before they impact operations.
• **Comprehensive Risk Assessments: **Evaluates the cybersecurity posture of third-party vendors, extending your security perimeter through continuous monitoring to ensure that partners meet your security standards.
• Regulatory Compliance: Bitsight assists in meeting and exceeding industry standards such as FFIEC, NYDFS 500, GDPR, and DORA by utilizing security ratings and analytics to effectively communicate and manage risk.
• **Cyber Risk Quantification: **Offers financial quantification of cyber risks, enabling organizations to assess potential financial exposures and communicate risks in business-relevant terms to stakeholders.
• **Third-Party Risk Management: ** Proactively assesses and reduces vendor risks by continuously monitoring all providers, ensuring that every link in your supply chain upholds stringent financial security standards from onboarding through the contract lifecycle.
• **Security Ratings: ** Bitsight's Security Ratings empower businesses with the insight needed to quantify and reduce cyber risk. They provide an objective, data-driven lens to view the health of an organization’s cybersecurity program, enabling organizations to benchmark security performance against industry peers, manage cyber risk posed by third parties, and make informed cyber insurance underwriting decisions.
• **Cyber Threat Intelligence: ** Bitsight collects millions of intelligence items daily from various sources, enriching them with context to provide security teams with comprehensive insight into the nature and source of each threat. This enables organizations to monitor their complete asset inventory in real-time across the deep, dark, and clear web, gaining insight into ransomware groups’ activities, tactics, techniques, and procedures.
• **Governance & Reporting: **Bitsight's solutions support workflows in external attack surface management, governance and analytics, and cyber risk quantification. They empower CISOs with unique analytics to tackle cyber risk governance and exposure management, confidently communicate, and prove program performance.
• **Exposure Management: **Gain visibility into your digital assets, discover shadow IT, and visualize areas of disproportionate risk. Bitsight's Exposure Management solution arms you with what you need to identify and remediate cyber risks across your digital ecosystem.
• **Third-Party Risk Management: **Bitsight's Third-Party Risk Management solution helps financial institutions mitigate vendor risks by continuously monitoring third-party security performance and driving efficient risk reduction across your vendor portfolio—from onboarding through the life of the contract.
• **Cyber Risk Quantification: **Bitsight's Financial Quantification for Enterprise Cyber Risk solution provides a quick, efficient, and repeatable assessment of your financial exposure to cyber risk. It empowers organizations to make more informed decisions about what risk to accept, mitigate, or transfer, calibrate cyber insurance coverage based on risk appetite, prioritize time, resources, and budget to what matters most, and report progress and prove ROI by tracking risk over time.