CAMBRIDGE, Mass., Nov. 15, 2016 /PRNewswire/ -- BitSight, the standard in Security Ratings, today released new Security Ratings Platform enhancements, which enable organizations to gain actionable insights into the aggregate cybersecurity risk of their vendors. The BitSight Portfolio Quality Dashboard provides thresholds, alerts and notifications, and detailed analysis around vendor risk, allowing users to instantly identify and continuously monitor trends and shifts in the cybersecurity posture of their entire vendor ecosystem, as well as compare their aggregate risk against a broader universe of companies.
With comprehensive insight into the ever-changing security posture of their vendors, companies use BitSight to take a proactive approach to risk management by focusing on the vendors and security issues that pose the most immediate risk. Previous studies from BitSight, independently verified by third parties, show that companies with a security rating of 400 or lower are more than five times likely to experience a publicly disclosed breach than companies with a security rating of 700 or higher. BitSight has further enhanced its Security Ratings Platform with thresholds backed by this correlation research that enable customers to easily assess whether any of their vendors fall within certain risk zones. If any vendors are within or move down to a lower bracket, organizations can leverage BitSight's Enable Vendor Access capability to share access to the platform and empower vendors to do their own remediation.