Press Releases

CAMBRIDGE, MASS. -- June 28, 2018 -- Bitsight, the Global Standard in Security Ratings, today announced that it has closed $60 million in Series D funding, bringing the company’s total funding to $155 million. Bitsight’s Series D financing was led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8. The financing enables Bitsight to continue its rapid global expansion and extend its portfolio of market-leading security risk management solutions, while further validating Bitsight’s leadership position as the global standard for security ratings.
Bitsight pioneered the security ratings market in 2011, as the first company to develop a security rati

CAMBRIDGE, MASS. -- May 16, 2018 -- Bitsight, the Standard in Security Ratings, today announced plans to relocate its headquarters to 111 Huntington Avenue, which is part of the Prudential Center complex located in Boston’s Back Bay. The new location  provides Bitsight with the ideal environment to keep pace with its tremendous business, customer and employee growth. Plans for the move are expected to take place toward the end of this year. 
“The Metro Boston  region is widely recognized as a hub for driving technology innova

The Verizon Risk Report combines Verizon’s Data Breach Investigations Report (DBIR) series’ extensive cybercriminal activity database, the company’s Professional Service consultants’ expertise and specialized data sources from technology providers including  Bitsight, Cylance, Recorded Future and Tanium to create an automated, comprehensive security risk scoring framework that identifies current security gaps, weaknesses and associated risks on a daily basis.
“Security strategies have historically been focused on static defenses,” said Alex Schlager, executive director, security services, for global products and solutions at Verizon, “but in today’s fast-evolving security landscape, to be truly effective they need to be dynamic, proactive and adaptable. Businesses can no longer wait for cyber-threats to occur, or rely on historical security strategies created to deal with yesterday

Bitsight, the Standard in Security Ratings, today released the results of a March 2018 commissioned study conducted by Forrester Consulting titled “Take Control of Vendor Risk Management Through Continuous Monitoring.” The findings reveal that current methods for managing third-party risk are inefficient and that companies must adopt continuous monitoring to detect security and risk issues to better understand their vendors’ cybersecurity posture and overall risk posed to their business.
“I believe this study validates what we’ve always known, continuous monitoring is critical for effective vendor risk management,” stated Tom Turner, CEO of Bitsight.

Bitsight, the Standard in Security Ratings, today released a new Bitsight Insights report titled, “Beyond Uncle Sam: Analyzing the Security Posture of U.S. Government Contractors and Subcontractors,” which examines the security performance of the federal government and the cyber risk third-parties, contractors, and subcontractors pose. The findings reveal that the cybersecurity performance of government contractors lags federal agency performance in a number of categories, placing sensitive government data at risk.
“Tens of thousands of government contractors hold sensitive data or perform services on behalf of federal agencies. The U.S. government must be focused on evaluat

Bitsight, the Standard in Security Ratings, today announced a record 2017 with over 90% worldwide sales growth, 75% customer growth and 96% customer satisfaction, further validating market leadership. Bitsight pioneered the security ratings market in 2011, as the first company to offer a security ratings product. Organizations worldwide use Bitsight’s proven Security Ratings technology on a daily basis to make integral risk and business decisions. Having amassed over 1,000 customers and the largest ecosystem of users and information, Bitsight continues to be the most widely used Security Ratings Service.
According to Gartner, “By 2022, cybersecurity ratings will become as important

Bitsight, the Standard in Security Ratings, today announced accelerated momentum for its Global Channel Program. In addition to technology and strategic partners, Bitsight now has more than 120 partners across the globe, including value-added resellers, referral partners and consulting partners, who work with customers to understand their security posture, as well as how to incorporate Bitsight Security Ratings into their larger security and risk management strategy.

Bitsight pioneered the Security Rating Services market in 2011 and transforms how companies manage thi

Bitsight, the Standard in Security Ratings, today announced the general availability of Bitsight Executive Reports, the first security ratings-based executive reporting engine to enable board members and executives to properly measure their organization’s third-party cyber risk. With the ability to produce flexible, customized reports on the security performance of third parties, organizations will not only be more empowered to take the appropriate steps to mitigate risk, but also make strategic decisions to optimize their security and risk programs.

“Cybersecurity is a board-level issue. Now more than ever, security and risk professionals are tasked with sharing security perf

Bitsight, the Standard in Security Ratings, today released a new report titled, “The Buck Stops Where? Assessing The Cybersecurity Performance of the Finance Supply Chain.” The report analyzes the finance industry, a leading industry in managing third-party cyber risk, to assess the security of its supply chain. Bitsight data scientists found that in most cases, companies in the finance industry supply chain are not meeting the same security standards that finance companies hold for their own organizations.

“While finance organizations tend to have more sophisticated vendor risk management programs, there is a lot of work to be done to cl

Bitsight, the Standard in Security Ratings, today announced its first half of 2017 key milestones, solidifying its leadership position within the security rating services market. Continued momentum can be attributed to the breadth and strength of Bitsight’s solution, global customer growth, and key strategic partnerships. Additionally, the company has strengthened its management team with four key executive hires and the promotion of Tom Turner to CEO, with Shaun McConnon becoming Executive Chairman of the Board.
"This has been a record first half of the

Bitsight, the Standard in Security Ratings, today announced that a consortium of some of the world’s largest and most risk-focused organizations demonstrated their commitment to supporting the utilization of fair and accurate security ratings as a valuable part of any security risk management program. The consortium, which includes Goldman Sachs, Morgan Stanley, Starbucks and Aetna, among others, announced the creation of the “Principles for Fair and Accurate Security Ratings,” designed to promote fairness in reporting and cybersecurity performance analysis, and encourage the adoption of security ratings across all industry sectors.
“Bitsight pioneered security ratings and was the first company to ever offer a security ratings

Bitsight, the Standard in Security Ratings and ElevenPaths, Telefónica Cybersecurity Unit specializing in the development of innovative security solutions, today announced a new alliance that will enhance visibility into supply chain risk for Telefónica customers worldwide.
The agreement between Bitsight and ElevenPaths provides Telefónica customers with ac

Bitsight, the Standard in Security Ratings, today released a new report titled, “A Growing Risk Ignored: Critical Updates,” analyzing more than 35,000 companies from industries across the globe over the last year, to better understand the usage of outdated computer operating systems and internet browsers, the time to it took to update operating systems once a new release was made available, and how these practices correlate to data breaches. The data shows that there are large gaps in asset management programs across the globe. Organizations must be more vigilant about limiting their attack surface by more rapidly addressing exploitable vulnerabilities.
The conclusion of this research coincides with “WannaCry,” a strain of ransomware that affected over 300,000 computers w

Bitsight, the Standard in Security Ratings, today announced the general availability of Sovereign Security Ratings, the first objective measurement of national cybersecurity risk. Sovereign Security Ratings enable national intelligence and law enforcement organizations to align security initiatives within a country and its industries, identify risks and vulnerabilities, and drive improvement through a nation’s critical infrastructure organizations.
Governments tasked with securing their nation’s critical infrastructure from cyber threats are often left without credible context wh

Bitsight, the Standard in Security Ratings, today released a new report titled, “How Secure Are America’s Largest Business Partners? Rating The Cybersecurity Performance of the Fortune 1000,” which analyzed the security posture of some of the world’s largest organizations. Leveraging the Bitsight Security Ratings Platform that generates objective, outside-in ratings, the report presents data on the cybersecurity performance of Fortune 1000 companies, identifies the most common system compromises, and outlines recommendations for improvement. For comparison, Fortune 1000 companies were studied alongside a random sample of 2,500 companies with a similar industry breakdown and with at least 2,500 employees.
“Understanding the security maturity of Fortune 1000 companies provides greater context for any organization looking to benchmark their own performance,” said