BitSight vs UpGuard: 2024 Comparison | UpGuard (2024)

As outsourcing significant business functions is now common practice for most organizations, major third-party data breaches are rapidly taking over news headlines.

Ponemon Institute and IBM’s Cost of a Data Breach Report found the average cost of a breach has increased from $370,000 to $4.35 million, with third-party involvement listed as one of the main reasons. An eSentire survey from the same year highlights that 44% of firms surveyed have experienced a significant data breach caused by a third-party vendor.

With Gartner reporting 60% of organizations as having 1000+ third-party relationships, effectively managing the cybersecurity risks they create and practicing vendor due diligence proves increasingly difficult.

Information security teams often also rely on manual risk reporting methods which are time and labor-intensive. Many organizations are now turning to automated third-party risk management (TPRM) solutions that automate data breach detection capabilities, provide real-time insights, and streamline remediation workflows.

We assess two TPRM solutions, BitSight and UpGuard, to help you make an informed decision before investing in the right solution for your needs.

BitSight Technologies Overview

BitSight Technologies is a Cambridge, MA-based company that aims to quantify the external cybersecurity posture of organizations using publicly accessible data.

BitSight’s security ratings are used by security and cybersecurity risk professionals to conduct due diligence research for Vendor Risk Management programs, private equity, M&A activities, and more.

Additionally, these security ratings are used for attack surface analytics, industry benchmarking, and the assessment of fourth-party risk.

Minimizing the amount of time and effort in learning to use a new solution is a critical aspect of delivering on any value proposition.

BitSight and UpGuard offer their services via SaaS and are accessible from web-based platforms that can help users monitor and manage vendor risks.

• BitSight: Provides views of identified vendor risks enabling detailed reporting of vendors.
  

• UpGuard: High-level summation of risk with the ability to drill down into precise technical details. Each risk is prioritized based on extensive research conducted by the in-house security team, and where possible remediation and protection suggestions are provided.

BitSight and UpGuard both help organizations stay informed about their vendors’ information security risks as part of a third-party risk management (TPRM) program.

The main reason organizations invest in security tools is to prevent incidents from happening in the first place.

A solution's ability to prevent data breaches and other cyber attacks before they happen should be front of mind when choosing a security platform.

BitSight and UpGuard both identify risks using passive scans on a third party’s public-facing attack surfaces.

BitSight: In addition to monitoring breach vectors indicating susceptibility to phishing, man-in-the-middle attacks, and email spoofing, BitSight aims to incorporate IP reputation methodology to catch active malware installations.

However, threat and risk intelligence enabling greater visibility into supply chain data leakages, compromised corporate identities, and brand fraud is not currently supported.

UpGuard: Reviews many important breach vectors to assess the supply chain attack surface, including phishing, ransomware susceptibility, man-in-the-middle attacks, DNSSEC, vulnerabilities, email spoofing, domain hijacking, and DNS issues.

Provides threat and risk intelligence, enabling greater visibility into supply chain data leakages, compromised corporate identities, and brand fraud.

Keeping informed on product updates and the latest cyber security developments is paramount, with new vulnerabilities and cyber threats emerging daily.

Customers need up-to-date resources and relevant insights to stay ahead of the curve and protect their organizations from emerging cyber risks.

The frequency of publication and presence of community engagement is a key indicator of a company’s mission, focus, and investment in its users.

BitSight and UpGuard offer comprehensive online resources to educate and inform customers.

BitSight: BitSight maintains regular blog posts and webinars covering security incidents, feature updates, and industry developments.

These efforts, along with an extensive network of partnerships, provide the resources security professionals need to identify the best security practices for their program.

UpGuard: UpGuard Summit brings together a community of security leaders from leading companies, explores the future of security, and helps businesses stay secure.

The UpGuard cybersecurity and risk management blog is updated four times a week and the breach research blog has uncovered and secured some of the largest data breaches.

UpGuard’s free weekly Breach Newsletter informs 20,000+ subscribers of the latest global data breaches.

Technology is always changing. New vulnerabilities are added to CVE on a daily basis, and attackers are constantly finding new zero-day exploits.

The speed at which a security platform can incorporate changes determines how well it can respond to new threats and customer requests.

Additionally, they should continue to update, adjust, and improve their threat detection methodology to reflect changes to the threat landscape.

BitSight: BitSight maintains regular blog posts and webinars covering security incidents, feature updates, and industry developments.

UpGuard: UpGuard has adopted DevOps principles internally to develop, test, and release software continuously, ensuring fast, consistent, and safe releases. UpGuard has a regular release rate every two weeks, with all features, changes, and improvements listed under UpGuard Release Notes.

Cyber risk platforms can be expensive and the common use of opaque pricing policies often takes power away from the purchaser. With most services offering tiered licensing options and add-ons, finding a solution that fits your needs and budget can prove more difficult without transparent pricing.

BitSight: Public pricing information is not directly available, but prices are reported to be around $2000-$2500 per vendor per year.

UpGuard: UpGuard has a fully transparent and publicly accessible pricing model which you can view here. If you have any questions, please email sales@upguard.com.

Accessing the information in a cyber risk product outside of its graphical interface is important for integrated business strategies and consolidating data to a preferred system.

BitSight and UpGuard offer APIs.

BitSight: BitSight offers the ability for customers to extend security ratings through a Developer API.

UpGuard: Offers a standard API to pull data from UpGuard’s platform into other enterprise applications.

APIs are useful for technical staff, but not all information security teams have access to developers. In this situation, standard third-party integrations are an essential part of decision-making.

BitSight and UpGuard offer integrations into other platforms.

BitSight: Offers integrations with RSA Archer GRC, CyberGRX, OneTrust Vendorpedia, ProcessUnity, MetricStream, and more.

UpGuard: Integrates with Zapier to enable connections to 3,000+ apps; GRC platforms, ticketing systems like JIRA; VRM solutions like ServiceNow, and more.

BitSight: Major customers include Optus / Singtel, The University of North Florida, Snam, and PROSA.

UpGuard: Major customers include Accenture, DuPont, Fujitsu, GAP, McAfee.

BitSight: BitSight Security Ratings range on a scale of 250-900 with higher ratings indicating better security performance.

UpGuard: Security rating scale of 0-950, ranked as A: 801-950, B: 601-800, C: 401-600, D: 201-400, F: 0-200. You can request your free security rating by clicking here.