New offering helps accelerate the sales cycle
with an 85% faster security assessment process and reduces the time
compliance teams spend managing requests
BOSTON, July 25,
2024 /PRNewswire/ -- Bitsight, a global leader
in cyber risk management, today announced Trust Management Hub, a
shareable security profile that centralizes the critical security
documents and questionnaires required for security assessments.
Early customers report a 25% reduction in workload and 85%
improvement in time spent on the cyber security assessment cycle,
helping teams close deals faster.
"With Trust Management Hub, Bitsight is redefining how
organizations approach security assessments," said Alex Laats, Chief Product Officer, Bitsight.
"This solution not only reduces the workload for compliance teams,
but also builds a foundation of trust with customers by ensuring
that security documentation is always up-to-date and easily
accessible."
Trust Management Hub is the only trust center solution that
validates security questionnaire responses with Bitsight data and
offers an integrated workflow by combining the solution with
Bitsight's Vendor Risk Management portal.
Three-quarters of organizations admit to experiencing a major
disruption directly attributable to third parties.1
Meanwhile, new regulations, including DORA and NIS2 in Europe,
are compelling companies to adopt more stringent policies to secure
their digital supply chains. As a result, governance, risk and
compliance (GRC) teams are seeing a massive uptick in cybersecurity
related work. These teams are not only grappling with increased
vendor requirements, but striving to differentiate themselves from
competitors by demonstrating superior cybersecurity posture.
Trust Management Hub eliminates much of the manual and
repetitive work related to the security review and assessment
process, while maintaining full control of secure data and
enhancing team collaboration. With the click of a button, customers
can streamline delivery of accurate information to build immediate
trust with their customers and prospects.
To learn more about Bitsight Trust Management Hub visit our
blog:
https://www.bitsight.com/blog/streamlining-your-response-security-assessments-bitsight-trust-management-hub.
About Bitsight
Bitsight is a global cyber risk
management leader transforming how organizations manage exposure,
performance, and risk for themselves and their third parties.
Companies rely on Bitsight to prioritize their cybersecurity
investments, build greater trust within their ecosystem, and reduce
their chances of financial loss. Built on over a decade of
market-leading innovation, Bitsight's integrated solutions deliver
value across enterprise security performance, digital supply
chains, cyber insurance and data analysis. For more information,
visit bitsight.com or connect with us on LinkedIn.
https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2022/01/third-party-risk-management-outlook-2022.pdf
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SOURCE Bitsight