BitSight
BitSight offers the most widely adopted Security Ratings solution with a mission to change the way the world addresses cyber risk.
Much like credit ratings, BitSight Security Ratings are generated through the analysis of externally observable data. Armed with daily ratings, organizations can proactively identify, quantify, and manage cyber security risk throughout their ecosystem.
Unlike existing security assessment tools that examine a company’s policies or conduct periodic scans, BitSight continuously measures security performance based on evidence of compromised systems, diligence, user behavior, and data breaches to provide an objective, evidence-based measure of performance. This data-driven, outside-in approach requires no information from the rated entity. With BitSight Security Ratings, insurance organizations can augment questionnaire-based assessment towards a continuous-outcome-based model that is both effective and efficient.
See BitSight’s Anywhere Enabled Integration in our Content Exchange
Learn more on the Bitsight website
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Advantages
- Generate a rating for any web-based organization in under one minute
- Continuously monitor any organization in your portfolio for changes in security performance
- Model the cyber risk of an organization and portfolio to understand the financial impact of various catastrophic cyber scenarios
- Engage a client before a cyber event to help them understand their cyber risk exposure or after an event to help them better manage their exposure going forward
Features
- Pre-built API for faster, streamlined integration
- Pre-fill critical security attributes directly into Duck Creek Policy to accurately and efficiently assess and rate policies
- Configure Duck Creek’s flexible rules engine using BitSight information to generate underwriting guidelines and alerts to changes in security performance
Expertise
- Used by brokers, insurers, reinsurers, and modelers throughout the world to help understand and manage cyber risk globally
- Seven of the largest 10 cyber insurers use BitSight
- Only independently-validated security ratings company (AIR Worldwide – a Verisk company)
- The same ratings data is used by over 2,000 organizations throughout the world including 25% of the Fortune 500, all 4 of the Big Four accounting firms, 4 of the top 5 investment banks, and major government cybersecurity centers around the world