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BitSight Security Ratings as Your Credit Union Solution2016 innovation award winner seal partners

With the BitSight Security Ratings solution, credit unions can continuously monitor and manage risk associated with their own network and those of their vendors, strengthening their overall security posture.

Traditional strategies and existing tools for measuring and mitigating third party vendor security risk are inadequate against the constant stream of new and emerging threats facing your credit union. 

Many global financial institutions have experienced major third-party breaches, but credit unions are also a target for cyber hackers and the “vendor-related risk for credit unions is severe.”

According to the 2015 Verizon Data Breach Investigations Report, 70% of breaches stemmed from a third party.

Credit unions need a continuous solution that identifies, quantifies, and mitigates risk without being intrusive or resource-heavy – and that doesn’t require any information from the company being rated. 

Get a quick overview of BitSight Security Ratings, which are similar in nature to credit scores by watching the following video, BitSight Security Ratings: A Data-Driven Approach to Vendor Risk Management (VRM)

 


Manage and Improve Vendor Risk Management (VRM)

Use BitSight Security Ratings to get an objective, data-driven measure of your credit union’s and vendors’ security performance. The BitSight solution:
  • helps your credit union identify issues that put your data at risk
  • fosters better communication with third parties
  • integrates into your vendor risk management program
We'd love to talk with you further about BitSight Security Ratings. Please contact Debbie Umbach, Director of Product Marketing, to learn more. 


BitSight was named a Gartner Cool Vendor in Vendor Management in April 2015: 

"The company is well on its way to being as widely recognized as a Moody's or S&P ratings for the information security space... all vendor risk management teams can benefit from the service BitSight provides."

About BitSight Technologies
BitSight Technologies is transforming how companies manage information security risk with objective, evidence-based security ratings. The company's Security Rating Platform continuously analyzes vast amounts of external data on security behaviors in order to help organizations manage third party risk, benchmark performance, and assess and negotiate cyber insurance premiums. Based in Cambridge, MA. 

BitSight is backed by the National Science Foundation, Comcast Ventures, Commonwealth Capital Ventures, Flybridge Capital Partners, Globespan Capital Partners, and Menlo Ventures. For more information, please visit www.bitsighttech.com or follow us on Twitter (@BitSight).

Educational Resources

  •  How To Build A Third Party Cyber Risk Management Program (Webinar)

    With regulatory pressure and competition increasing, mitigating the cyber risk posed by third parties is essential for credit unions to successfully serve their member base.  However, third party cyber risk management does not have to be a costly endeavor. During this session, Jake Olcott, VP of Business Development at BitSight, offers tips, techniques, and tools you can leverage to make it an efficient and cost-effective process for your credit union. 

  •  Launching a Third-Party Cyber Risk Management Program (Webinar)
    During this webinar you will learn several cost effective and proactive measures your credit union can take to mitigate third party cyber risk.

View All Educational Resources

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Contact

Debbie Umbach
Director of Product Marketing
http://www.bitsighttech.com