Press Releases

BOSTON AND TEL AVIV – January 12, 2021 — Bitsight, the Standard in Security Ratings, and Kovrr, a leader in data-driven cyber risk modeling, today announced a partnership to deliver the industry’s most comprehensive data-driven cyber risk financial quantification solution for the insurance market. The Bitsight-Kovrr Financial Quantification for Insurance Cyber Risk gives cyber insurers the tools required to make decisions more accurately and confidently about key areas of the cyber insurance business including underwriting, modeling, and portfolio management.
To begin the partnership, Bitsight and Kovrr released a

BOSTON — November 18, 2020 — Bitsight, the Standard in Security Ratings, today announced the creation of the Bitsight Policy Review Board (PRB), a governing body responsible for overseeing the company’s security ratings algorithm, developing and adjudicating the dispute resolution process, and publishing critical decisions about changes to Bitsight’s ratings methodology. This industry-leading initiative demonstrates Bitsight’s ongoing commitment to upholding the Principles for Fair and Accurate Security Ratings and providing unsurpassed transparency into ratings decisions.
“As the creator of the Security Ratings category, Bitsight has always believed that transparency creates trust,” said Steve Harve

BOSTON — FRANKFURT — October 6, 2020 — Bitsight, the Standard in Security Ratings, and Solactive, a German index engineering firm, today released new research demonstrating that a company’s cybersecurity performance is an indicator of business performance. Analysis shows that indices composed of well-performing Bitsight-rated companies outperform their respective benchmarks by 1% to 2% annually. For certain sectors, such as U.S. Technology, well-rated companies outperform the benchmark by 7% per year. The findings are an endorsement for today’s introduction of the Solactive Bitsight Cyber Risk Index, a financial index that will enable investors to invest in companies who are top cybersecurity performers as measured by Bitsight.
Investors are deeply concerned about cyber risk affecting their investment portfolios. A

BOSTON — October 1, 2020 — Bitsight, the Standard in Security Ratings, has reached a critical milestone, with 38 countries, representing one-fifth of all governments worldwide, now using Bitsight solutions to monitor and manage cyber risk to critical national infrastructure. Bitsight works with national governments to help manage national cyber risk through security ratings and analytics, which provide visibility and awareness of security performance of critical national infrastructure that can be used to identify vulnerabilities at scale, model systemic risk, enable close collaboration to reduce the likelihood of a national incident, and measure the effectiveness of policy. Countries with government organizations using Bitsight include Belgium, Brazil, Germany, Iceland, The Netherlands, Spain, and the United States.
The vulnerability of national critical infrastructure on a global scale is being thrust into the limelight through attacks

BOSTON — June 16, 2020 — Bitsight, the Standard in Security Ratings, today announced it has appointed Bob Brennan to Chairman of its Board of Directors. Brennan is a seasoned executive and advisor with more than three decades in information security and technology leadership roles.
“Bob is an industry leader with a proven track record of scaling companies and he will provide a valuable perspective as we take the

BOSTON — June 8, 2020 — Bitsight, the Standard in Security Ratings, today announced the full agenda for its first-ever “Bitsight Xperience” virtual event, taking place on June 23, 2020 from 9:00 - 3:30 p.m. EDT.
Xperience brings together both business executives and cybersecurity leaders to discuss achieving a higher standard for third-party

BOSTON — June 1, 2020 — Bitsight, the Standard in Security Ratings, today announced several new, innovative capabilities within its Bitsight for Third-Party Risk Management solution that provide intelligent recommendations, operational guidance, and risk prioritization to enable more effective third-party cyber risk management. The enhanced platform helps organizations achieve greater operational efficiency and measurably reduce risk across their extended business ecosystem.
“Third-party ecosystems are expanding rapidly and organizations of all shapes and sizes struggle to create effectiv

BOSTON — May 26, 2020 — Bitsight, the Standard in Security Ratings, today announced it has appointed Tim Adams to Chief Financial Officer (CFO) and Jay Roxe to Chief Marketing Officer (CMO). Adams joins Bitsight from biotechnology company ObsEva where he held the same role, while Roxe most recently served as Vice President of Product Marketing, Adoption and Operations at healthcare IT firm athenahealth.
“Tim and Jay both bring a wealth of experience, leadership and proven track records of results

BOSTON — May 20, 2020 — Bitsight, the Standard in Security Ratings, today announced it has been named a 2020 Gartner Peer Insights Customers’ Choice for IT Vendor Risk Management (VRM) Tools. The Customers’ Choice distinction is based on verified customer reviews of the Bitsight Security Ratings platform. Bitsight is the only Security Ratings Service to earn this distinction, and is one of only two companies to be honored.
Companies are facing unprecedented challenges in managing risks to their third-party ecosys

BOSTON — April 14, 2020 — Bitsight, the Standard in Security Ratings, today released research spotlighting significant security issues across the rapidly rising number of networks used to work from home. According to the research -- which analyzed more than 41,000 organizations -- companies suddenly now face newly exposed or vulnerable devices and services, and their employees are using malware-infected networks.
The research comes on the heels of Bitsight’s latest offering,

BOSTON — April 6, 2020 — Bitsight, the Standard in Security Ratings, today released a new solution to help organizations identify and remediate security issues resulting from the exponential increase in employees working from home due to COVID-19. With Bitsight Work From Home -- Remote Office, organizations can discover security concerns evident on remote offices and networks, reducing risk that their networks and data will be compromised.
As organizations undergo the dramatic shift in remote telework, employee use of insecure networks or infect

BOSTON — March 10, 2020 — Bitsight, the Standard in Security Ratings, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.
The World’s Most Innovative Companies list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in to

BOSTON — February 24, 2020 — Bitsight, the Standard in Security Ratings, today announced Bitsight Attack Surface Analytics, a new Security Performance Management solution, at RSA Conference 2020 San Francisco. With Bitsight Attack Surface Analytics, security and risk leaders can quickly validate their organizations’ digital footprint, assess security posture and cyber risk reputation, and take steps to reduce their cyber risk exposure. In addition to this new innovation, Bitsight is moderating a panel at the conference with thought leaders from Goldman Sachs, Moody’s and Rain Capital about the impact of cyber risk on financial investment decisions.
Bitsight Attack Surface Analytics: Mitigating Risk in an Expanding Digital Ecosystem
As organizations’ digital ecosystems co

BOSTON — February 3, 2020 — Bitsight, the Standard in Security Ratings, today announced that the company closed its fiscal year ending January 31st with more than 2,100 customers worldwide, demonstrating that the company’s solutions for Security Performance Management, Third Party Risk Management, Critical National Infrastructure, and Cyber Insurance are helping organizations reduce risk, achieve better operational efficiency, safeguard their reputation, and securely scale their business. Bitsight’s solutions are based on the industry’s broadest, most unique, and most credible collection of cybersecurity performance data, which surpassed 200 billion data points collected per day in FY 2020.
Bitsight set new usage milestones in FY 2020 as the company continues to provide the most efficient, productive and useful

BOSTON — January 7, 2020 — Bitsight, the Standard in Security Ratings, today announced it has appointed Stephen Harvey as CEO. Harvey joins Bitsight from Institutional Shareholder Services (ISS), a private equity-owned and rapidly growing fintech, data and proxy advisory firm, where he served as Chief Operating Officer.
Harvey replaces Bitsight CEO Tom Turner, who is stepping down after a six-year tenure with the company and will continue to serve as an advisor to