As security ratings continue to mature, more organizations in the public and private sectors leverage them in making business and risk decisions. As a key piece of a robust security evaluation program, security ratings based on accurate and relevant information are useful tools in evaluating cyber risk and facilitating collaborative, risk-based conversations between organizations. Security rating companies use a combination of data points collected or purchased from public and private sources and proprietary algorithms to articulate an organization’s security effectiveness into a quantifiable measure or score. As these ratings rely in part upon the quality and breadth of the data they use, the variety of sources and the dynamic nature of the environment create risks of producing ratings that can potentially be inaccurate, irrelevant or incomplete.
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