Gartner, the world's leading information technology research and advisory company, has named BitSight Technologies a "Cool Vendor" in Vendor Management for 2015. The report highlights three vendors for offering "tools and services to support vendor risk management and improve performance visibility."
In recent years, highly publicized data breaches have elevated the need for vendor risk management. In this year's Verizon DBIR report, 70% of incidents observed involved a secondary victim where the victims were targeted and infected through an unknowing third party, like a vendor. Yet despite the alarming number of third party breaches, Gartner estimates that fewer than 15% of vendor management programs will leverage data analytics and business intelligence to identify and manage risk through 2016. BitSight Security Ratings provide evidencebased measurements of security performance, enabling organizations to continuously monitor the security effectiveness of third parties.
Download the Gartner Cool Vendors in Vendor Management report to learn:
- how BitSight has emerged as a standard in vendor security ratings
- how BitSight processes and synthesizes terabytes of data to create security ratings
- how a leading North American Bank uses BitSight Security Ratings for Vendor RIsk Management