Executive Progress Report

Table of Contents

• Overview
• Reading the Report
  • Header
  • Quarter to Date Metrics
    • Median Rating
    • Vendors with Basic Rating
    • Vendors collaborating to improve Ratings
    • Vendors with Improved Ratings
  • Security Ratings Overview
  • Vendors' Security Ratings, by quarter
  • Vendors Collaborating to Improve Rating
  • Vendors with Basic Ratings
• Downloading the Report

Overview

Use the Executive Progress report to see the effectiveness of your third party security ratings improvement plans over the past quarter and evaluate your own risk tolerance based on their progress.

The security ratings of third parties with effective improvement plans will improve over time. Downward trends over a long period of time indicate ineffective plans.

This report can answer such questions as:

• How am I doing according to my risk tolerance?
• What companies are performing below my risk tolerance?
• What are we doing about it?
• What results did we have so far?

Reading the Report

This report compares vendor ratings from the current quarter to the previous quarter. It includes six sections:

• a header;
• quarter to date metrics;
• a line graph comparing your rating to the average rating in your selected tier over the last year;
• a bar chart of vendors’ security ratings and rating category distribution over the last four quarters;
• a bar chart comparing the number of vendors collaborating to improve theirrating over the last four quarters; and,
• a list of vendors with basic ratings.

Header

The header at the top of the report lists the name of the selected tier or folder and the number of companies contained in that tier or folder.

Quarter to Date Metrics

The Quarter to Date Metrics section contains metrics that answer important questions about the aggregated risk of the selected set of companies.

Median Rating

This metric represents the central tendency of the security ratings of all companies in the selected tier or folder.

The upper value is the median security rating on the day the report was generated, and the color indicates the corresponding rating category.

The lower value is the median security rating registered at the end of the previous quarter.

Vendors with Basic Ratings

This metric indicates the number of companies in the selected tier or folder that have a rating in the Basic category. The value below indicates the number of companies with a Security Rating in the Basic category at the end of the last quarter.

• A red downward arrow indicates that the current number of companies is higher than the number of companies in the last quarter. This is a degradation indicator.
• A green upward arrow indicates that the current number of companies is lower than the number of companies in the last quarter. This is an improvement indicator.
• A gray equals sign indicates that the current number of companies is equal to the number of companies in the last quarter.

To learn more about our rating categories, see What is a Bitsight Security Rating?

Vendors Collaborating to Improve Ratings

This metric indicates the number of companies you invited to collaborate via the Client/Vendor Access Program to look into their Bitsight Security Rating report. It indicates the number of companies invited to collaborate at the end of the previous quarter.

We suggest inviting vendors who fall into the Basic category to collaborate.

• A red downward arrow indicates that the current number of companies that are collaborating is lower than the number of companies in the last quarter.
• A green upward arrow indicates that the current number of collaborating companies is higher than the number of companies in the last quarter.
• A gray equals sign indicates that the current number of companies is equal to the number of companies in the last quarter.

Vendors with Improved Ratings

This metric indicates how many vendors had an increase in their security rating during the last quarter.

Security Ratings Overview

This section displays a line graph that compares your rating to the average rating of your selected tier or folder over the last twelve months. 

Vendors' Security Ratings, by Quarter

This section allows you to monitor the number of vendors with Basic, Intermediate, and Advanced ratings in your selected tier or folder.

To learn more about our rating categories, see What is a Bitsight Security Rating?

Vendors Collaborating to Improve Rating

This section shows the number of vendors that your organization invited to collaborate over the last four quarters.

Vendors with Basic Ratings

This section lists all vendors with Basic ratings in the selected tier or folder.

To learn more about our rating categories, see What is a Bitsight Security Rating?

Downloading the Report

This report can be downloaded as a .csv, .png, or .pdf file. To download the report, select the Download button in the upper right corner of the report.