Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Today, Bitsight and Diligent launched an extension of our partnership focused on correlated, independent, and comparable cyber ratings from Bitsight within Diligent’s Board Reporting for IT Risk. Streamlined data collection and standardized dashboards enable CISOs to deliver clear and consistent insights to the board leveraging Bitsight and Diligent solutions.

Cybersecurity leaders are always working to make smarter investments to improve their programs. Not only do they look to reduce risk from the expanding attack surface and manage supply chain risk, they’re also juggling external pressures from regulators, insurers, and shareholders. As leaders look to technology solutions to help, many look at data analytics to reduce their organization’s risk, manage exposure, and improve overall program performance.

As your organization's attack surface expands—spanning across the cloud, remote locations, and interconnected digital supply chains—the potential for cyber risk exposure grows. Implementing a proactive cybersecurity exposure management program can enhance your understanding of your organization's cyber risk posture and facilitate informed decision-making about how to best allocate investments and resources.

Cyberattacks are on the rise. In 2022, there was a 38 percent increase in global attacks compared to the previous year—and security teams are struggling to keep up. It now takes an average of 277 days for teams to identify and contain a breach. With so many alerts being received by the Security Operations Centers (SOCs) each day, how do teams decide which issues to address first?

As cyber security threats proliferate, cyber risk conversations are no longer limited to the Security Operations Center (SOC); they command the attention of the C-suite and the boardroom. Ultimately, cyber-crime is a significant and prominent issue. The average cost of a data breach in the U.S. has soared to nearly $9.44 million this year. Since 2018, cyber insurance carriers report that incident-related claims increased by an astonishing 486%, the majority being ransomware-related.

Cyber insurers regularly get requests for new business and increased limits. How can they determine which organizations will be a risk worth taking? In my previous blog, I discussed how understanding an applicant’s cyber hygiene is the best indicator of whether they may experience a successful ransomware or other cyber attack. In this blog, I’ll walk through how to measure an applicant's cyber hygiene and which metrics are categorically proven to stand out.

Cybersecurity is not an easy task. New threats are constantly emerging—in your IT infrastructure and that of your vendors and partners. But, as a cybersecurity leader, you can help your organization mitigate these threats if you adopt cyber risk exposure management practices. In this blog, we explore everything you need to know about how cyber risk exposure and management can help you reduce the risk of gaps and vulnerabilities in your network and across your third-party supply chain.

As digital transformation picks up pace, companies are working with more vendors than ever. According to Gartner, 60% of organizations now work with more than 1,000 third-party vendors — including partners, sub-contractors, and suppliers. These third parties are essential to helping businesses grow and stay competitive, but third parties can also introduce unwanted cyber risk and overhead into the organization.

Cyber risk uncertainty is growing. Despite massive spending worldwide to the tune of $173 billion, cyber attacks keep occurring. Ransomware attacks—a type of cyberattack that encrypts an organization's network or locks users out of their devices and requires a ransom before restoring access—are costing companies 20 days of downtime on average. Within the next few years, nearly half of companies worldwide will experience cyber attacks on their software supply chains.

Every organization faces cyber risk. But that risk can vary by industry, business size, the regulatory environment, supply chain, and more. Understanding your security risk posture is essential for targeting your security budget and effective resource allocation. Conducting a risk assessment can assist you in this endeavor, but to gain optimal insights, you should also include a comprehensive cybersecurity risk analysis as part of this process.