Bitsight Third-Party Risk Management vs SecurityScorecard comparison

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BitSight Logo
2,392 views|1,767 comparisons
100% willing to recommend
SecurityScorecard Logo
2,190 views|1,250 comparisons
80% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Bitsight Third-Party Risk Management and SecurityScorecard based on real PeerSpot user reviews.

Find out in this report how the two IT Vendor Risk Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Bitsight Third-Party Risk Management vs. SecurityScorecard Report (Updated: March 2024).
768,246 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The product helps us identify the vulnerabilities of internet-facing applications.""Its customer service team responds quickly.""I prefer BitSight due to its patch management capabilities. The score is a valuable feature. I have contacted the customer support through e-mail and their response rate is fast. I rate the solution a nine out of ten.""The solution is user-friendly.""Offers open ports from an external point of view."

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"I rate the product's initial setup phase a nine on a scale of one to ten, where one is a difficult setup phase, and ten is an easy setup process.""The solution helps identify our environment's vulnerabilities.""With its automated approach, nothing is missed on the IPs your organization is related to.""One of its most effective features for risk identification is its enterprise-ready automation for third-party risk measurements."

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Cons
"There may be room for improvement in the methodology for identifying findings, as occasional errors occur on the technical side.""Data enrichment is the major issue.""At the moment, when the vulnerability score decreases, it remains the same for quite a while, even though issues are resolved in 24 hours.""The solution’s benchmarking should be improved.""Its factor analysis feature could be better."

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"The tool needs to have the ability to mitigate vulnerabilities with alternative solutions.""SecurityScorecard's technical team's response time is an area that my company expects to be made faster.""They could improve the process with a questionnaire module for the product.""There could be more information in regards to solving problems like hints on what specifically to look for."

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Pricing and Cost Advice
  • "The solution's price is average."
  • "The product has a reasonable price."
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  • "The pricing could be split into a lower-paid tier for smaller organizations and another higher tier for others with a more security-focused outlook. $1000 per month is more than some companies pay for their internet connections in total. UPDATE: they have a new 400$ a month tier for starters."
  • "Even though it's competitive, they offer flexible pricing structures."
  • More SecurityScorecard Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The product is a little expensive and very oriented to large companies.
    Top Answer:We face difficulties in acquiring designs and findings. There may be room for improvement in the methodology for identifying findings, as occasional errors occur on the technical side of BitSight.
    Top Answer:One of its most effective features for risk identification is its enterprise-ready automation for third-party risk measurements.
    Top Answer:Similar to Barracuda, SecurityScorecard's list price may appear high initially. Even though it's competitive, they offer flexible pricing structures.
    Top Answer:They could improve the process with a questionnaire module for the product. At present, we have to answer multiple questions for the suppliers manually. They could automate functionality to enhance… more »
    Ranking
    Views
    2,392
    Comparisons
    1,767
    Reviews
    4
    Average Words per Review
    407
    Rating
    8.5
    Views
    2,190
    Comparisons
    1,250
    Reviews
    3
    Average Words per Review
    700
    Rating
    8.0
    Comparisons
    Learn More
    Overview

    BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.

    Funded by world-class investors including Evolution Equity Partners, Silver Lake Partners, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard’s patented rating technology is used by over 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.

    Sample Customers
    Fannie Mae, Cabela's, BNP Paribas, PWC, AIR Worldwide, Con Edison, The Container Store, OshKosh, Steris, University of South Florida, Emblem Health, Lloyds Bank
    TriNet, USAA, Zurich, Gilt Groupe, McGraw Hill Financial
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm15%
    Computer Software Company14%
    Insurance Company9%
    Healthcare Company8%
    VISITORS READING REVIEWS
    Computer Software Company14%
    Financial Services Firm13%
    Educational Organization11%
    Manufacturing Company8%
    Company Size
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise17%
    Large Enterprise64%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise23%
    Large Enterprise57%
    Buyer's Guide
    Bitsight Third-Party Risk Management vs. SecurityScorecard
    March 2024
    Find out what your peers are saying about Bitsight Third-Party Risk Management vs. SecurityScorecard and other solutions. Updated: March 2024.
    768,246 professionals have used our research since 2012.

    Bitsight Third-Party Risk Management is ranked 2nd in IT Vendor Risk Management with 5 reviews while SecurityScorecard is ranked 5th in IT Vendor Risk Management with 4 reviews. Bitsight Third-Party Risk Management is rated 8.6, while SecurityScorecard is rated 8.0. The top reviewer of Bitsight Third-Party Risk Management writes "User-friendly solution with robust patch management capabilities". On the other hand, the top reviewer of SecurityScorecard writes "Easy-to-deploy product with good technical support services ". Bitsight Third-Party Risk Management is most compared with RiskRecon, Microsoft Secure Score, UpGuard Vendor Risk, Tenable Lumin and OneTrust GRC, whereas SecurityScorecard is most compared with Recorded Future, RiskRecon, Tenable Nessus, Rapid7 InsightVM and Qualys VMDR. See our Bitsight Third-Party Risk Management vs. SecurityScorecard report.

    See our list of best IT Vendor Risk Management vendors.

    We monitor all IT Vendor Risk Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.