Bitsight data is woven into the fabric of global commerce because it has meaning. Proprietary scanning, high-quality data sources, AI-powered attribution models, human technical researches, and over 10 years of curated insights combine to create a data set that is not only unique, but powerful.
Correlation to Outcomes
Likelihood of Security Incident
Bitsight analyzes cybersecurity performance by looking at a variety of risk vectors ranging from patching cadence and user behavior to known exploited assets and botnet infections. Performance in the risk vectors statistically correlate to the likelihood of security incident.
Correlation to Ransomware
The composite security rating of an organization is an incredible predictor of whether that entity will become a target of a ransomware attack. Organizations with poor cybersecurity hygiene and performance, reflected in a security rating between 300 - 500, are 7.9x more likely to be a target of a ransomware attack.
Modest changes in security performance can have an outsized impact on the likelihood of attack.
Impact on share price and stock volatility
Cybersecurity incidents have material impact on organizations long-after the actual event. Bitsight partnered with Moody’s and found statistical correlation between cyber incidents and market cap, having as much as a 5% negative correlation 12 months after the incident.
Cybersecurity controls and Insurance
More than $5B in cyber insurance premiums are underwritten by customers leveraging Bitsight data because of the correlation to real-world outcomes. One of the largest cyber insurance studies of its kind conducted by Gallagher Re leveraging Bitisight data found insurers. Organizations with poor cybersecurity controls are more than 3x more likely to suffer an insurance claim
