BitSight Security Ratings vs. Fusion Risk Management

If you are considering BitSight Security Ratings as a portion or bulk of a larger vendor management project you will be well served in letting the risk scores be an indication of how closely you need to examine a vendor. However, you should not base your assessment solely on the risk score provided. The risk score is based on publicly available data and can be inaccurate.

Incentivized

Fusion Risk Management is best for an organization that is focused and passionate about holistic business resiliency (business continuity, physical security, cyber security, etc.). You have to have a strong understanding of how relational databases work to be successful administering the system. For business continuity planning, it can be challenging to have multiple users in the system (due to costs), and many departments require 2-3 people, which adds up quickly.

Incentivized

• Security hygiene tracking over time
• Understandable risk score based on observations
• Predictability model of potential cyber security issues based on security habits.

Incentivized

• Intuitive and Easy to Use
• Reporting and Dashboards using the data you enter and capture
• Customization of layouts and fields to tailor your experience

Incentivized

• Since data is based on public registration IP and domain data can be stale depending on ISP/Domain registration update delays.
• Correcting a false detection is a month-long endeavor and requires the company with the impacted score to clean up BitSight's data.
• Customer service for incorrect data is convoluted and requires a deep understanding of domain registration to correct the data. The responsibility for correcting data is placed solely on the customer's shoulders.

Incentivized

• Duplicating objects would be a great feature
• More video-based tutorials and walkthroughs of improving experience needed
• New features should automatically be added upon release

Incentivized

BitSight Security Ratings ranks evenly with SecurityScorecard and both below OneTrust for our use case. We needed a platform that would let us define risk for our organization and weight scores differently based on data sensitivity. BitSight and SecurityScorecard are aggregate data that can provide insight into the security habits of a potential vendor and should be considered as an addition to most vendor management projects. However, they both provide metrics based on hygiene and not on data-defined risk. In concert with a platform to evaluate risk based on data and to inform the overall evaluation of a vendor, BitSight Security Ratings can be made to shine. Just understand that you may have to validate some data.

Incentivized

• Wasted resource hours cleaning up data to correct erroneous risk score.
• Extra time spent addressing calls from clients about erroneous risk score data.
• Extra time validating risk score provided by BitSight Security Ratings for potential vendors to ensure valid data.

Incentivized

• Strong foundation of business continuity planning
• We have full visibility into the security of our business
• We are prepared for the next 'bang' or disruption thanks to Fusion

Incentivized