Press Releases

BOSTON — October 2, 2019 — Bitsight, the Standard in Security Ratings, today announced the agenda for EXCHANGE 2019, the leading annual gathering for security and risk professionals, taking place on October 16-17, 2019 at The Manhattan Center in New York City.
EXCHANGE 2019 brings business, technology and government leaders together to discuss strategies for monitoring, managing and reducing the growing cyber risk facing all organizations today. The collaborative event will examine “The Inte

BOSTON — September 24, 2019 —  Bitsight, the Standard in Security Ratings, and ServiceNow (NYSE: NOW) today announced the launch of two new certified ServiceNow applications – Bitsight for Vendor Risk Management and Bitsight for Security Incident Response – now available in the ServiceNow app store. These applications unleash a new level of automation, prioritization, and insight, providing customers with clarity on cyber risk and security performance as part of digital workflows.  

BOSTON — September 3, 2019 — Bitsight, the Standard in Security Ratings, today announced the availability of a new study that evaluates how executives understand and effectively measure their cybersecurity performance and adequately communicate it to the board, senior executives, customers, and critical stakeholders. The September 2019 commissioned study conducted by Forrester Consulting on behalf of Bitsight titled, “Better Security And Business Outcomes With Security Performance Management” indicates that cybersecurity performance is critical to achieving commercial success. Among the study’s most interesting findings is that nearly two in five (38 percent) of enterprises admit that they have lost business due to either a real or perceived lack of security performance within their organization. 
“Financial success, brand perception, business continuity and company reputation now all hinge on security performance,” said Tom Turner, CEO, Bitsight. “B

BOSTON — August 13, 2019 —  Bitsight, the Standard in Security Ratings®, today announced Bitsight Enterprise Analytics, the latest Security Performance Management solution available on the Bitsight platform. Bitsight Enterprise Analytics helps security and risk leaders quickly gain insight into the impact of risk introduced at the organizational group level – from subsidiaries to business units and departments – enabling them to identify the areas of highest risk concentration within their organizations. The solution provides visibility into which groups have the biggest impact on their organizations’ overall cyber risk posture and helps identify areas for security performance improvement.

Large enterpris

Boston, Mass. — April 2, 2019 — Bitsight, the Standard in Security Ratings, and the Center for Financial Professionals (CeFPro) today released a joint study shedding light on how financial institutions are addressing challenges associated with third-party cyber risk. Based on a survey of financial services professionals from around the world, the “Third-Party Cyber Risk for Financial Services: Blind Spots, Emerging Issues & Best Practices” report found that managing third-party cyber risk is critical to their businesses, but a lack of continuous monitoring, consistent reporting, and other blind spots are creating challenges that could leave organizations vulnerable to data breaches and other consequences.
Most organizations work with hundreds, if not thousands, of third parties, creating new risks that must be actively managed. The financial industry, in particular, has a massive business ecosystem made up of legal

BOSTON — March 19, 2019 — Bitsight, the Standard in Security Ratings, today announced the availability of a new capability for insurers that delivers accurate, trusted security performance information on millions of small- and medium-sized insurance applicants in just seconds, enabling underwriters to rapidly evaluate and price cyber risk for the growing SMB market. This new rapid cyber underwriting assessment leverages Bitsight’s market-leading security ratings platform and provides the most comprehensive, trustworthy security performance information available in the marketplace today.
“Nearly half of the global cyber premium is written by Bitsight’s insurance customers, so we understand the unique challenges facing this community,” sai

BOSTON — February 27, 2019 —  Bitsight, the Standard in Security Ratings, today announced the availability of Bitsight Peer Analytics, the latest Security Performance Management offering on the Bitsight platform. Leveraging the world’s most trusted and comprehensive view of security performance across hundreds of thousands of global organizations, Bitsight Peer Analytics provides security and risk leaders unprecedented visibility into the relative performance of their security programs against their peers and sector. The solution enables organizations to meet and surpass their industry standard by setting achievable security performance improvement goals, effectively allocating limited resources, and efficiently prioritizing security efforts. Peer Analytics will be demonstrated at the Bitsight booth #3434 at RSA Conference, being held March 4-8, 2019 in San Francisco.

BOSTON, MASS. – JANUARY 22, 2019 -- Bitsight, the Standard in Security Ratings, today announced that the company finished 2018 with more than 1,500 customers, a suite of market-leading innovative products and services, and the most productive security ratings platform in the world. “With key personnel and significant financial resources in place, Bitsight is prepared in 2019 to help global customers in all sectors address critical cyber risk challenges” said Tom Turner, CEO of Bitsight.
2018 presented significant cyber risk management challenges for global organizations and their sta

BOSTON, Mass. – November 13, 2018 – Bitsight, the Standard in Security Ratings, today announced that it has been named a Leader in The Forrester New Wave™: Cybersecurity Risk Rating Solutions, Q4 2018 evaluation. Bitsight believes its inclusion and positioning in this report further affirms Bitsight’s visionary and strategic approach as well as its dominant market presence in the emerging, globally significant security ratings market. 
In Forreste

CAMBRIDGE, MASS. -- November 1, 2018 -- BitSi

CAMBRIDGE, MASS. -- September 20, 2018 -- Bitsight, the Standard in Security Ratings, today announced the agenda for EXCHANGE 2018, the premier event for security and risk professionals, taking place on October 9-10, 2018 at the InterContinental New York Times Square.
EXCHANGE 2018 is an exclusive gathering, where top business leaders will network

CAMBRIDGE, MASS. -- September 5, 2018 -- Bitsight, the Standard in Security Ratings, today announced the availability of Bitsight Forecasting, the first analytics offering in the Security Rating Services industry to provide direct visibility into a company’s current and future security program, as well as insights into the efficacy of its investments and initiatives. Bitsight Forecasting will help customers identify the optimal course of action to improve their cybersecurity risk posture. Leveraging unique risk and security analytics available only through the Bitsight ecosystem, customers can model various security scenarios and project how changes to processes, technologies and culture will impact their environment.
“Security is complex and today’s threat landscape has made it increasingly difficult for organizat

CAMBRIDGE, MASS. -- July 9, 2018 -- Bitsight, the Standard in Security Ratings, today announced EXCHANGE, the premier event for security and risk professionals. The event is being held on Wednesday, October 10, 2018 at the Intercontinental New York Times Square.
Designed to help organizations meet the demands of today’s dynamic cyber risk landscape, EXCHANGE is an exclusive gathering where top business

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