Where data breaches mean direct financial loss and security postures influence customer confidence, Bitsight provides unparalleled visibility into the cyber risks that threaten to undermine your operations.
If this financial data is breached or services are interrupted due to ransomware, clients may lose faith in the ability of a company to safeguard their assets.
Source: IBM Cost of a Data Breach 2023
Why Bitsight for Financial Services Organizations
From cyber risk quantification to governance and reporting, our solutions are specifically designed to gain the insights you need to secure customer data, mitigate third-party risk, and maintain compliance readiness.
Strategic Risk Management
Gain a complete view of exposure across your digital ecosystem, identifying threats before they impact your operations.
Comprehensive Risk Assessments
Determine if your third-parties put your business at risk and extend your security perimeter with continuous monitoring.
Regulatory Compliance
Meet and exceed standards like FFIEC, NYDFS 500, GDPR, and DORA using security ratings and analytics to communicate risk.
Cyber Risk Quantification
Assess the potential for financial exposure. Measure and report cyber risk in language that makes sense to board members.
Manage Security Performance Across Your Ecosystem.
Ensure your cybersecurity spending is as strategic and effective as your financial services. Understand and secure your firm’s expanding attack surface, benchmark against the industry’s best, and confidently tell your cybersecurity performance story—in a way your stakeholders understand.
Mitigate Third-Party Cyber Risk From Financial Partners.
Assess and reduce vendor risks proactively, and continuously monitor all your providers—be it bank or nonbank, affiliated or not affiliated, regulated or non-regulated, domestic or foreign. Ensure every link upholds stringent financial security standards from onboarding through the life of the contract.
You can't reduce the cyber risks faced by your organization if you don't know what you're up against – both internally and across your vendor portfolio.”
