BitSight’s ability to hold multiple vendors up to the same yardstick and provided a quantified score has never been more relevant for customers, according to Kevin Kiley, OneTrust’s chief revenue officer. The company’s security ratings play a vital role in third-party risk management by arming customers with the necessary information to make quick, objective decisions about which vendors to work with, he said.
Customers are seeing real relief from BitSight’s ability to present information about third-party risk in an easily digestible manner that helps customers make key decisions, Kiley said. BitSight is the gold standard when it comes to security ratings, and Kiley said that’s never been more needed than it is right now.
OneTrust incorporates BitSight’s security ratings into its controls for managing third-party vendor risk. Kiley said BitSight’s capabilities are very complementary to what OneTrust provides through its assessment of suppliers and exchange of information, which ensures that OneTrust customers are aware of changes made by vendors that might be impactful to them.