Case Study: HBF Health Limited achieves 95% cost savings and stronger third‑party cybersecurity posture with BitSight

HBF Leverages BitSight for Scalable, Cost-Effective Third-Party Cybersecurity Assessments While Enhancing its Security Posture

HBF, a not‑for‑profit Australian health insurer, faced rising third‑party and supply‑chain cyber risks and needed a faster, more actionable way to assess the security posture of dozens of critical vendors and gain an outside‑in view of its own network. To replace slow, theoretical audits and improve vendor selection and procurement, HBF turned to BitSight, deploying BitSight for Security Performance Management and BitSight for Third‑Party Risk Management.

BitSight delivered continuous, outside‑in security ratings and quick third‑party assessments, enabling HBF to spot network gaps, detect incidents (including malware and phishing) ahead of vendors, and share findings via BitSight’s Enable Vendor Access for faster remediation. The BitSight deployment streamlined procurement, prevented project delays, improved vendor trust, and helped HBF realize more than 95% cost savings compared with traditional audits (previously costing roughly $10,000–$15,000 each), while strengthening its overall security posture.

HBF

Andrew Bullen

Senior Manager, Governance, Risk and Compliance