In today’s competitive cybersecurity marketplace, there’s always a risk of misinformation amongst options and capabilities.
Forrester Research, Inc., known for its respected, independent research in technology and security, has named Bitsight a Leader in its Forrester Wave™ report for Cybersecurity Risk Ratings. Bitsight earned the highest possible scores across 18 key criteria, solidifying its position as a top choice for organizations seeking robust cyber risk management solutions.
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Bitsight |
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| Cyber Risk Ratings Platform Leadership (Forrester Wave 2024) |
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Bitsight had the highest total score in the survey, ranking us a Leader and calling out how we "build trust through advanced analytics and industry outreach". Panorays was also considered a Leader. |
| External Attack Surface Management leadership (Frost Radar™ EASM report 2024) |
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Bitsight placed top right as a Leader and was recognized as a top 3 Innovator. Panorays was not cited. |
| Attack Surface Management leadership (KuppingerCole Leadership Compass 2025) |
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Bitsight was named an Overall Leader. Panorays was not cited. |
"[Bitsight] boasts an unmatched commitment to innovation…”; Bitsight “leans heavily into ratings model validation and correlation studies to continuously test its ratings’ alignment with real-world incidents."
With more than 3,300 customers and 70 patents, Bitsight is a global leader in cyber risk intelligence & exposure management, specializing in external attack surface management, cyber threat intelligence, third-party risk monitoring, vulnerability detection and response, and cybersecurity analytics. Bitsight pioneered the security ratings industry in 2011, and today its data scanning capabilities now encompass:
Panorays, founded in 2016 and headquartered in New York City with offices in Tel Aviv, provides a SaaS platform for third-party cyber risk management. Its product suite includes automated security assessments, continuous attack surface monitoring, and risk remediation tools. Key features risk ratings and compliance tracking.
The Bitsight Security Rating provides an objective, data-driven lens to view the health of an organization’s cyber security program.
Bitsight data is independently verified to correlate with an organization’s risk of a security incident or data breach. See reports by AIR Worldwide, IHS Markit, Marsh McLennan, and Moody’s Analytics, demonstrating this critical connection.
Per Moody's Analytics, Bitsight Analytics is also correlated to financial risk and firm value.
Security leaders need solutions that help them identify and mitigate risks in their own organizations and broader third party supply chain, including vendors, suppliers, and business associates. Attackers continue to exploit known vulnerabilities and target critical third party suppliers to gain access to sensitive data or inflict operational harm. With the growing criticality of cybersecurity risk rating platforms in the global marketplace, trust and data accuracy matters.
Bitsight is committed to creating trustworthy, data-driven, and dynamic measurements of organizational cybersecurity performance derived from objective, verifiable information. In 2017, Bitsight helped create the "Principles for Fair and Accurate Security Ratings,” (PDF) a series of practices developed alongside some of the world’s largest and most risk-focused companies. These Security Ratings Principles affirm the critical role of security ratings in society and the important responsibility that Bitsight holds in creating these measurements.
