SecurityScorecard Named a Leader in the Forrester Wave for Cybersecurity Risk Ratings

May 21, 2024

Dr. Aleksandr Yampolskiy and Sam Kassoumeh

Today, we’re proud to announce that Forrester has named SecurityScorecard a Leader in The Forrester Wave: Cybersecurity Risk Ratings Platforms, Q2 2024. Forrester identified the 10 most significant vendors in cybersecurity risk ratings and scored them based on the strengths of their current offering, strategy, and market presence.

“SecurityScorecard disrupts ratings by turning insights into action.”

– The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024

In this Wave, Forrester has recognized SecurityScorecard as a leader. We are proud of our superior vision, community, and platform – all focused on our customers. SecurityScorecard continues to lead the cybersecurity risk ratings category with integrity, actionability, consistency, and transparency.

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Our Highlights from this 2024 Forrester Wave include: 

• SecurityScorecard was named a Leader, with the highest placement of all 10 vendors in the Current Offering category and the highest score in 17 of the criteria, including vision and partner ecosystem.
• In the Current Offering category, SecurityScorecard received the highest score – showcasing, in our opinion, our industry-leading cybersecurity technology. 
• SecurityScorecard received the highest score in the number of customers criterion, highlighting for us how SecurityScorecard customers are standardizing on the SecurityScorecard platform. 

 “Bring up cybersecurity risk ratings in a room full of CISOs, and you’ll find no shortage of opinions — hot or cold, but never indifferent.” 

–The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024

Leading the evolution of security ratings

When we were both CISOs in New York City, we became frustrated with ambiguous cybersecurity KPIs. What kept us up at night as CISOs? The risk of a third-party breach that was out of our control. 

Ten years later (and with just a few more gray hairs) our mission is a reality – to transform the way the world measures and manages cyber risk. This mission is validated by the active participation of over 60,000 organizations and the continuous rating of more than 12 million entities globally.

“SecurityScorecard is the only vendor in this evaluation that publishes live metrics about its own response time, findings refute rate, and IP and domain misattribution rates — a boon for trust and transparency.”

– The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024

SecurityScorecard continues to set the pace for the industry – redefining cyber risk quantification, board reporting, cyber insurance underwriting, and supply chain cybersecurity for customers globally. Today, SecurityScorecard ratings are used by:

• 70% of the Fortune 1000
• 9 of the 10 top banking institutions
• 8 of the 10 largest insurance companies

Collaboration: Our path to a safer digital world

Last year, SecurityScorecard expanded its attack surface management, threat intelligence, digital forensics, and incident response capabilities. With our acquisition of LIFARS, a leader in professional services and incident response, SecurityScorecard is the first security ratings vendor to deliver a fully managed service for supply chain cyber risk management — SecurityScorecard MAX. 

“Its platform excels in asset discovery, data source variety, and ratings correlation testing due to its extensive in-house historical data and robust scanning functionality. It also differentiates in security analytics and in-platform collaboration functionality, and features strong reporting tools to ease risk communication.”

– The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024

Building the future of cybersecurity together – SecurityScorecard 2.0

It’s immensely satisfying to see our team’s hard work and innovative approach recognized by an authority like Forrester. We believe this acknowledgment reinforces our belief in our AI vision and the direction we’re taking the company. This recognition inspires us to push boundaries even further, knowing we are making an impact and setting the standard in this industry.

Looking to the future, SecurityScorecard 2.0 will realize our vision to finally combine attack surface data and internal control data to yield insights no one else offers in this space. Our partnerships with AI pioneers and threat researchers will collectively benefit our global cybersecurity community.

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