BitSight, a company that provides cybersecurity ratings for other companies, announced on Thursday that it has raised $60 million in its Series D funding round. The company provides a platform that evaluates customers’ cybersecurity posture. The service comes in handy as companies look for ways to manage risk, underwrite cyber insurance policies and conduct due diligence when doing business with third parties. Customers can use the platform gain a window into the cybersecurity posture of potential partners along with their own. BitSight gives companies a score between 250 and 900. BitSight cites a Gartner report that predicts that in the coming years, cybersecurity ratings will be as important as credit card ratings, and that having them will be a given before conducting business with other companies. The company also puts out public reports assessing some of the significant cyber risks facing specific sectors, such as education and financial. Based in […]
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