Bitsight Third-Party Risk Management vs. SecurityScorecard

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bitsight Third-Party Risk Management
Score 7.8 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
SecurityScorecard
Score 9.0 out of 10
N/A
SecurityScorecard provides A-F graded security rating scorecards, to drive improved communication, effective compliance reporting, and more informed decision making. These enable enterprises to rate, understand, and continuously monitor the security posture of any organization worldwide, as well as gain visibility of any organization’s security-control weaknesses and vulnerabilities throughout the supplier ecosystem.N/A
Pricing
Bitsight Third-Party Risk ManagementSecurityScorecard
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Bitsight Third-Party Risk ManagementSecurityScorecard
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
Community Pulse
Bitsight Third-Party Risk ManagementSecurityScorecard
Considered Both Products
Bitsight Third-Party Risk Management
Chose Bitsight Third-Party Risk Management
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 …
Chose Bitsight Third-Party Risk Management
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 …
SecurityScorecard
Chose SecurityScorecard
At the moment it was the most affordable option for the company
Chose SecurityScorecard
SecurityScorecard has very crucial functionalities in which customers have more detailed information related to is cyber risks. Though BitSight is a good solution - it lacks a deep analysis on issues that are crucial for end-users.
Best Alternatives
Bitsight Third-Party Risk ManagementSecurityScorecard
Small Businesses

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Medium-sized Companies

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Enterprises
GEP Quantum Intelligence
GEP Quantum Intelligence
Score 9.0 out of 10
GEP Quantum Intelligence
GEP Quantum Intelligence
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Bitsight Third-Party Risk ManagementSecurityScorecard
Likelihood to Recommend
8.0
(0 ratings)
9.0
(0 ratings)
Usability
8.0
(0 ratings)
-
(0 ratings)
User Testimonials
Bitsight Third-Party Risk ManagementSecurityScorecard
Likelihood to Recommend
If you have a large and complex digital supply chain, this kinds of solutions, and Bitsight in particular are a must. At the starting point gives you a great leverage using the already available info for major vendors, and allows you to focus were you have already identified gaps, or for those vendors that lack of information... and probably you should be focusing on
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It was really easy to find issues, solve false positives and keep track of overall security ratings.
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Pros
  • 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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  • Provides good reports
  • Easy to manage and use
  • Tracks in near real time customer changes on the public network
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Cons
  • 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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  • Pricing could be reviewed for specific industries which were more impacted by the pandemic situation.
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Usability
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
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Alternatives Considered
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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n/a
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Return on Investment
  • 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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  • ROI numbers as shown by the Forrester Research caused a positive impact on some of our prospects in Brazil.
  • ROI numbers for using atlas - electronic questionnaire are just amazing. When customer does not need to worry about EXCEL traffic with its vendors asking for info - they feel a strong sense of relief.
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ScreenShots