Gartner, the world's leading information technology research and advisory company, has named BitSight Technologies a “Cool Vendor” in Vendor Management for 2015. The report highlights three vendors for offering “tools and services to support vendor risk management and improve performance visibility.”
In recent years, highly publicized data breaches have elevated the need for vendor risk management. In this year’s Verizon DBIR report, 70% of incidents observed involved a secondary victim where the victims were targeted and infected through an unknowing third party, like a vendor. Yet despite the alarming number of third party breaches, Gartner estimates that fewer than 15% of vendor management programs will leverage data analytics and business intelligence to identify and manage risk through 2016. BitSight Security Ratings provide evidence-based measurements of security performance, enabling organizations to continuously monitor the security effectiveness of third parties.
Download the Gartner Cool Vendors in Vendor Management report to learn how BitSight is transforming the way organizations manage cyber risk.
BitSight Technologies transforms how companies manage information security risk with objective, evidence-based security ratings. The company’s Security Ratings platform analyzes terabytes of data on security behaviors, helping organizations manage third party risk, benchmark performance, assess and negotiate cyber insurance premiums, and identify and remediate risk associated with mergers and acquisitions.
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