As communicated in January, Bitsight will conduct a ratings algorithm update (RAU) on July 10, 2024, as part of our ongoing efforts to optimize our methodology to provide the best external indicator of the performance of cybersecurity controls. Today, we’re excited to announce that our 2024 RAU is available to preview in the Bitsight applications.

The role of the Chief Information Security Officer (CISO) or Security Leader 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.

Digital transformation initiatives and the adoption of cloud, mobile, and remote work models have eviscerated the traditional security perimeter. Enterprise assets are distributed across the cloud, endpoints, mobile, and personally owned devices and expanded the attack surface in the process. Organizations are increasingly vulnerable to attack via unknown and unmanaged Internet-facing assets.

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.

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.

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.

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.

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.

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.

We’re back again with a monthly-ish blog reflecting on major goings on in the security world. I am writing the first draft on the rarest of holidays, leap day1! February gets extended by a day every four years, and if we had to guess Ivanti wishes this month would end.