The state of cybersecurity feels volatile. Despite massive worldwide spending on risk management to the tune of $150 billion, cyber attacks keep happening. Ransomware attacks doubled in 2021, with average ransomware recovery costs doubling to $1.85 million and average downtime increasing to 22 days.
Within the next few years, nearly half of companies worldwide will experience cyber attacks on their software supply chains. And, threats like malware and botnets (such as the recent Emotet re-emergence) are wreaking havoc worldwide.
Bitsight is a cyber risk management leader transforming how companies 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 technological innovation, its integrated solutions deliver value across enterprise security performance, digital supply chains, cyber insurance, and data analysis.