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Bitsight Third-Party Risk Management vs. Nexis Diligence+

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Bitsight Third-Party Risk Management

    Score7.8 out of 10
    N/ABitsight 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

    Nexis Diligence+

    Score10 out of 10
    N/ANexis Diligence uses enriched data from a number of content sources to offer a comprehensive, 360-view of any person or company. The service includes Dun & Bradstreet® UBO data on hundreds of millions of businesses and commercial entities worldwide, for visibility into hidden connections that may expose an organization to financial crime, bribery, or corruption. And Experian® business data enables users to make sassessments of the entities within a third-party network. Users can screen against…N/A
    Pricing
    Bitsight Third-Party Risk ManagementNexis Diligence+
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Bitsight Third-Party Risk ManagementNexis Diligence+
    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
    User Ratings
    Bitsight Third-Party Risk ManagementNexis Diligence+
    Likelihood to Recommend
    8.0
    (2 ratings)
    8.7
    (3 ratings)
    Usability
    8.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Bitsight Third-Party Risk ManagementNexis Diligence+
    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.
    Incentivized
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    LexisNexis
    I recommend it especially for companies with sensitive data such as hardware, IT, information and financial services companies.I believe and we believe that having a deep look at a collaborator or new client is important to prevent future costly problems. Understanding that the relationship is as transparent as possible.I imagine that it could also be used in the assessment of credits to a potential client or business partner.
    Incentivized
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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.
    Incentivized
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    LexisNexis
    • reviews prior management employment
    • provides additional associations
    • shows peer comparisons and updates
    Incentivized
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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.
    Incentivized
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    LexisNexis
    • Increase companies with information
    Incentivized
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    Usability
    Bitsight Technologies
    Great look and feel, intuitive in most modules, and has great features to gather the right info and process it at high speed. Good and usefull dashboards for our own, and has also proved to be very good when you are on the vendor side of the solution and need to send info to your customers
    Incentivized
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    LexisNexis
    No answers on this topic
    Alternatives Considered
    Bitsight Technologies
    We evalauted Security Scorecard as another option at some point, the tools have many similar features when we analyze them, basically we had a great deal with our regular security partners and finally decided for Bitsight, but to be honest we did not have a deep proof of concept on other platforms, Bitsight was just what we were looking for.
    Incentivized
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    LexisNexis
    Cost, and Nexus was more focused for our needs.
    Incentivized
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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.
    Incentivized
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    LexisNexis
    • Strong asset quality
    • Low loan allowance
    • Quality decisoning
    • Supplemental information on Borrowers
    Incentivized
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