BitSight Bolsters European Presence, Introduces NIS2 Roadmap

New third-party risk management features and NIS2 services address strong regulatory focus on digital supply chain and help businesses streamline the path to compliance
PRNewswireJune 6, 20246 min

Bitsight, the global leader in cyber risk management, announced strategic investments to expand its third-party risk management solutions in Europe. Bitsight already delivers a fully integrated solution to manage the supplier lifecycle and extended supply chain. The new capabilities will focus on helping enterprises not only adhere to looming NIS2 Directive requirements, but also manage exposure risk across the digital supply chain.

NIS2 marks the most recent development in a wave of new cybersecurity legislation, contributing to a complex web of regulation that many CISOs and security leaders struggle to navigate. Given the scale of many businesses, gaining a comprehensive overview of cyber risk in the supply chain poses a growing challenge for security leaders.

“Regulators recognising the magnitude of risk presented by the digital supply are taking action,” said¬†Stephen Boyer, Co-founder and Chief Innovation Officer at Bitsight. “But forward-leaning risk and security leaders know that this is not a matter of mere compliance. Mitigating risk across the supply chain is critically important to the continuity of enterprise business operations. And when working in conjunction with our customers, this is what we do best.”

Bitsight Delivers Deeper Risk Insights to Enhance Supply Chain Transparency

With 80% of European businesses admitting they still need to properly secure their supply chain against cyber risk1, Bitsight’s strategic expansion includes several new product enhancements and services to deliver deeper supply chain insights and align with¬†NIS2¬†guidelines. Additional innovations – including AI-powered features – are planned throughout the year to further accelerate efficiency, speed, and scale.

New NIS2 offerings include:

  • NIS2¬†Cybersecurity Assessment:¬†A new automated supplier assessment to help EU organisations manage risk across the supply chain. With the new assessment – mapped to Bitsight’s cyber risk data – security leaders can more efficiently evaluate supplier risk and¬†NIS2¬†adherence with greater transparency and accuracy.

  • NIS2¬†Professional Services:¬†Given the complexity of the new regulations, Bitsight will launch new services to help remove the guesswork around the¬†NIS2¬†supply chain requirements. Specific offerings will include a jumpstart service to help customers manage critical supplier assessments, as well as identify, surface, and communicate risks both to the suppliers and organisations. Bitsight will also release new consultation services leveraging Bitsight data and mapping to automatically detect issues and recommend actions to help with more efficient adherence to¬†NIS2.

  • Enhanced Exposure Management for Digital Supply Chain:¬†With critical elements of¬†NIS2¬†focused around communicating risk to vendors and accelerating vulnerability remediation within the supply chain, Bitsight will continue to invest in Exposure Management. The new enhancements, which will focus on the depth and breadth of discoverable assets within the supply chain, along with an enhanced approach to prioritisation across critical supplier assets, will be integral to¬†NIS2¬†adherence.

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