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Why the CISO Has Become the Chief Storytelling Officer

Apr 4, 2024 By Tim Grieveson In BitSight
The role of the Chief Information Security Officer (CISO) has undergone a transformation as profound as the threats we face. Between new regulations such as SEC, NIS2, and DORA, the explosion of generative AI, and the rapidly expanding attack surface, the burden is now on cybersecurity leaders to not only protect the organization but build confidence with customers, regulators, board members, and other stakeholders. The key to building trust? Storytelling.
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How Cyber Exposure Management Strengthens Overall Enterprise Risk Management

Apr 3, 2024 By George V. Hulme In BitSight
In recent years, there's only been a handful of data breaches within public companies that could be considered financially "material." These breaches include those often pointed to as examples in cybersecurity presentations: the 2013 Target breach, the 2017 Equifax breach, the 2019 Capital One breach, and most recently, the Colonial Pipeline incident.
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New Research Identifies Oversight Practices Correlated With Effective Cybersecurity Outcomes

Mar 26, 2024 By Jeff Barnett In BitSight
In the last few years, boards have rushed to incorporate Cyber Risk into the Board’s overall risk management duty, without really knowing how effective those efforts have been. For the first time ever, Diligent and Bitsight have partnered to see just how well the effort at the board level is translating into reducing Cyber Risk for their company.
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Corporate Cybersecurity Engagement - A Practical Guide for Investors

Mar 25, 2024 By Nicole Matusek In BitSight
Bitsight's leading analytics and workflows allow Nomura Asset Management to effectively reduce cyber risk across credit portfolios through targeted engagement. The increasing frequency and complexity of cyber attacks makes one thing clear - cyber risk is inextricably linked to business performance. This has prompted investors to prioritize cyber risk assessments within their portfolios.
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5 Steps to Creating an Incident Response Plan

Mar 20, 2024 By Sabrina Pagnotta In BitSight
No matter how robust your cyber defenses are, there is a high likelihood that your organization will experience a cybersecurity incident—either directly or as a result of a supply chain attack. Implementing a cybersecurity incident response plan can help you effectively address a cyber event, reduce disruptions to your business operations, and ensure compliance with regulations.
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Why is the Exposure Management Market So Confusing? Wading Through the Acronyms

Mar 20, 2024 By Ericka Chickowski In BitSight
If there's one certainty in life for CISOs it is that when it is time to buy into a new or consolidating security technology niche, they're going to have to eat their fair share of alphabet soup. Tech analysts and marketers do love their acronyms after all. We've got our SIEMs, our SOCS, and our MFAs and MDRs to prove that one out.
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Unveiling CPS 234 Challenges: Insights from APRA's Cyber Security Stocktake

Mar 11, 2024 By Terence Cheong In BitSight
Australia has seen several high profile cyber incidents in 2023 and has seen significant loss of customer data (Canva’s 139 million customers, Latitude’s 7.9 million customers HWL Ebsworth’s 65 government agencies, 2.5 million documents). According to the OAIC Notifiable Data Breaches Report: January to June 2023, the top 3 sectors in that period to report data breaches are Health Service Providers (65 notifications), Finance incl.
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Tackling Shadow IT Head-On: Strategies for Cybersecurity Leaders

Feb 29, 2024 By Tim Grieveson In BitSight
As cybersecurity leaders, we're all too familiar with the challenges posed by Shadow IT—a persistent thorn in the side of IT and security teams worldwide. And when high-profile supply chain attacks make headlines, the urgency to understand our reliance on third parties becomes all too real.
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Bitsight Vendor Risk Management Walkthrough

Feb 28, 2024 By BitSight In BitSight
Streamline Assessments, Monitor Vendors, and Validate Security Posture with Ease. No more manual workflows or toggling between tools—with Bitsight VRM, part of the industry’s first end-to-end third-party risk management solution, you can effortlessly navigate through risk assessments and continuous monitoring with just a flip of a switch. Discover a new level of clarity and efficiency with instant access to an ever-growing network of 40,000+ vendor profiles. Track onboarding and validate questionnaire responses with objective data to make informed decisions and expedite risk mitigation.
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