BitSight Closes Record Year as Industry Analysts Recognize Security Ratings as Critical Component to Risk Management

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CAMBRIDGE, Mass., Jan. 17, 2018 /PRNewswire/ — BitSight, the Standard in Security Ratings, today announced a record 2017 with over 90% worldwide sales growth, 75% customer growth and 96% customer satisfaction, further validating market leadership. BitSight pioneered the security ratings market in 2011, as the first company to offer a security ratings product. Organizations worldwide use BitSight’s proven Security Ratings technology on a daily basis to make integral risk and business decisions. Having amassed over 1,000 customers and the largest ecosystem of users and information, BitSight continues to be the most widely used Security Ratings Service.

According to Gartner, “By 2022, cybersecurity ratings will become as important as credit ratings when assessing the risk of business relationships.” The report continues, “Over the next six years, these [cybersecurity rating] services will become a mandatory precondition for a growing number of business relationships and part of the standard of due care for providers and procurers of services. These cybersecurity scores will impact the degree to which other companies engage in high-value business with the organization….

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