Bitsight Third-Party Risk Management vs. LogicManager

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bitsight Third-Party Risk Management
Score 7.5 out of 10
N/A
Bitsight provides comprehensive, AI-accelerated visibility into your vendors, assets, and digital footprint of every third party (and beyond) in your network, whether you work with them directly or indirectly.N/A
LogicManager
Score 8.0 out of 10
N/A
LogicManager headquartered in Boston, Massachusetts offers governance, risk management, and compliance (GRC) software.N/A
Pricing
Bitsight Third-Party Risk ManagementLogicManager
Editions & Modules
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Offerings
Pricing Offerings
Bitsight Third-Party Risk ManagementLogicManager
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
Bitsight Third-Party Risk ManagementLogicManager
Small Businesses

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Medium-sized Companies

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Rapid7 InsightVM
Score 8.5 out of 10
Enterprises
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User Ratings
Bitsight Third-Party Risk ManagementLogicManager
Likelihood to Recommend
5.0
(1 ratings)
9.0
(1 ratings)
User Testimonials
Bitsight Third-Party Risk ManagementLogicManager
Likelihood to Recommend
Bitsight Technologies
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.
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LogicManager
It is more suitable to supply organizations with focused and improved risk management processes. I like how its vendor and third party risk management solution is a centralized solution that provides risk taxonomy infrastructure. This bridges the gap in the risk program, allocates resources effectively, keeps all the risk information in one place, and standardizes the risk management process.
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Pros
Bitsight Technologies
  • Security hygiene tracking over time
  • Understandable risk score based on observations
  • Predictability model of potential cyber security issues based on security habits.
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LogicManager
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Cons
Bitsight Technologies
  • 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.
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LogicManager
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Alternatives Considered
Bitsight Technologies
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.
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LogicManager
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Return on Investment
Bitsight Technologies
  • 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.
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LogicManager
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ScreenShots