SOURCE: BitSight Technologies

BitSight Technologies

June 19, 2014 08:00 ET

BitSight Security Ratings for Benchmarking Improves Security Performance Awareness for Executives & Boards

As Cyber Security Increasingly Becomes a Board-Level Issue, BitSight's Benchmarking Solution Allows Organizations to Objectively Measure, Compare and Mitigate Risk

CAMBRIDGE, MA--(Marketwired - Jun 19, 2014) - BitSight Technologies, the standard in Security Ratings, today announced BitSight Security Ratings for Benchmarking. The first-of-its-kind solution enables anyone from C-level executives to board members to IT professionals to quantify their security performance, measure the success of their overall security program and benchmark that over time and against an industry, individual peers or competitors.

"In the wake of Target's breach and executive shuffle, every corporate board wants to know how their company is performing from a cyber security standpoint and how that compares to other companies," said Jon Oltsik, senior principal analyst for ESG. "There is a need today for solutions that will not only monitor and measure security risk and performance, but do so in a way that can be easily communicated to board members and non-technical executives."

Security Ratings for Benchmarking delivers a continuous, data-driven measure of security performance, giving businesses a quantified baseline and comparative data. With alerts and actionable information, from malware types to the IP addresses involved, users can also identify and remediate potentially harmful security issues.

Key product features include:

  • Access to Security Ratings history and event statistics for your company and five competitors or peers.
  • Ability to compare yourself against other companies and industry performance.
  • Detailed event forensics about your own company that allows you to pinpoint risks in your network and remove them.

"Benchmarking is an absolutely critical assessment tool for executives and boards of directors. From compensation to market penetration, organizations benchmark themselves to gain insight into key performance metrics. Those measurements drive strategic decisions and initiatives. Cyber security is rapidly becoming a strategic area of focus; however, businesses have historically struggled to effectively benchmark themselves from a cyber security perspective," said Stephen Boyer, co-founder and CTO for BitSight Technologies. "BitSight's benchmarking solution is easy to consume and enables organizations to make more intelligent data-driven decisions. Organizations can now compare ratings against industries and peers and take action."

Security Ratings for Benchmarking is built on BitSight's Security Ratings Platform. The BitSight solution analyzes terabytes of publicly available data gathered from sensors deployed across the globe and rates companies' security performance on a daily basis. Observed security events and configurations, such as communication with a botnet, malware distribution, and email server configuration, are assessed for severity, frequency and duration and used to generate objective Security Ratings. BitSight Security Ratings range from 250 to 900, similar to consumer credit scores, with higher ratings equating to higher security performance.

For more information about Security Ratings for Benchmarking, register for BitSight's webinar on June 27 at http://bitsig.ht/1iawkge.

To view a copy of BitSight's recent industry benchmark report for S&P 500 companies, visit http://bitsig.ht/TxGRXy.

About BitSight Technologies
BitSight Technologies is transforming how companies manage information security risk with objective, evidence-based security ratings. The company's Security Rating Platform continuously analyzes vast amounts of external data on security behaviors in order to help organizations make timely risk management decisions. Based in Cambridge, MA, BitSight is backed by Commonwealth Capital Ventures, Flybridge Capital Partners, Globespan Capital Partners, and Menlo Ventures. For more information, please visit www.bitsighttech.com or follow @BitSight on Twitter.

Contact Information

  • Contact Information:
    Kristina Lanpheir
    Kulesa Faul for BitSight Technologies
    Email Contact
    831-251-9120

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