Cybersecurity rating

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Security ratings are an objective, data-driven, quantifiable measurement of an organization's overall cybersecurity performance. Security ratings provide businesses and government agencies with a third-party, independent view into the security behaviors and practices of their own organization as well as that of their business partners. Security ratings are a useful tool in evaluating cyber risk and facilitating collaborative, risk-based conversations. [1]

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According to Gartner, cybersecurity ratings will become as important as credit ratings when assessing the risk of existing and new business relationships. Gartner predicts that these services will be a prerequisite for business relationships [2]

Security Rating Services

The adoption of security rating services platforms is on the rise. In fact, Forrester Consulting found that 87% of respondents find security ratings valuable (37%) or extremely valuable (50%). [3] There are a number of companies that provide security ratings services, including ISS, SecurityScorecard, myCYPR, Panorays, BitSight, FortifyData, RiskRecon, Black Kite and UpGuard.

Security Rating Services in 2020

The COVID-19 pandemic has created a completely different environment for cyber-risk. According to S&P Global Ratings, rating services may become an exception to these changes in the world of cyber-risk. [4] Given the COVID-19 pandemic that occurred in 2020, many brick and mortar shops that have mainly been exclusively accessible through in-person contact, have been forced to provide their goods and services through a website. This shift causes a larger need for these services given the increase in possible clients that want to know the safety of their business domain.

Related Research Articles

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<span class="mw-page-title-main">Trend Micro</span> Japanese multinational cyber security company

Trend Micro Inc. is an American-Japanese cyber security software company. The company has globally dispersed R&D in 16 locations across every continent excluding Antarctica. The company develops enterprise security software for servers, containers, & cloud computing environments, networks, and end points. Its cloud and virtualization security products provide automated security for customers of VMware, Amazon AWS, Microsoft Azure, and Google Cloud Platform.

<span class="mw-page-title-main">UST (company)</span> American technology company

UST, formerly known as UST GLOBAL, is a provider of digital technology and transformation, information technology and services, headquartered in Aliso Viejo, California, United States. Stephen Ross founded UST in 1998 in Laguna Hills. The company has offices in the Americas, EMEA, APAC, and India.

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A chief information security officer (CISO) is a senior-level executive within an organization responsible for establishing and maintaining the enterprise vision, strategy, and program to ensure information assets and technologies are adequately protected. The CISO directs staff in identifying, developing, implementing, and maintaining processes across the enterprise to reduce information and information technology (IT) risks. They respond to incidents, establish appropriate standards and controls, manage security technologies, and direct the establishment and implementation of policies and procedures. The CISO is also usually responsible for information-related compliance. The CISO is also responsible for protecting proprietary information and assets of the company, including the data of clients and consumers. CISO works with other executives to make sure the company is growing in a responsible and ethical manner.

<span class="mw-page-title-main">Ivanti</span> American IT software company

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ThetaRay is a fintech software and big data analytics company with headquarters in Hod HaSharon, Israel and New York, and offices in Madrid, London, and Singapore.

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Greg Martin is a cybersecurity expert and entrepreneur. He is the co-founder of cyber-security company Anomali and is the co-founder and CEO of cyber security company JASK. Martin is credited with inventing the first Threat Intelligence Platform (TIP), and is the creator of the popular open source Honeypot project “Modern Honey Network”.

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References

  1. "Principles for Fair and Accurate Security Ratings". U.S. Chamber of Commerce. 2017-06-19. Retrieved 2020-02-12.
  2. "Innovation Insight for Security Rating Services". Gartner. Retrieved 2020-02-12.
  3. "Adoption of security ratings platforms is on the rise". Help Net Security. 2018-04-27. Retrieved 2020-02-12.
  4. Inc, BitSight Technologies. "Gartner Report: The Urgency to Treat Cybersecurity as a Business Decision". BitSight. Retrieved 2021-02-28.{{cite web}}: |last= has generic name (help)