BitSight In The News

MarsJoke ransomware variant targets local and state governments

Though the government and education sectors are not widely considered to be extensively threatened by ransomware, recently released research report by security ratings firm BitSight found the...

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Education is Now Largest Ransomware Target

A new report from BitSight shows that education is the number one target for ransomware attacks.

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Healthcare is not most-targeted sector for ransomware

A report from BitSight found education is the sector with the highest rate of ransomware attacks, with three times the rate of ransomware found in healthcare.

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Funding Battle Heats Up

Ransomware has been one of the buzzwords in the health IT world all year long, but believe it or not, education receives three times as many ransomware threats as health care, according to a new...

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M&A Due Diligence, Cyber Security, and the Massive Yahoo Data Breach

"Given Yahoo's pending acquisition by Verizon, this provides yet another example of why monitoring the cyber security posture of a merger/acquisition target is such a critical element throughout...

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Yahoo Says Hackers Stole Data on 500 Million Users in 2014

“Cybersecurity can absolutely affect a valuation, and these are important questions that investors need to be asking,” said Jacob Olcott, vice president of BitSight Technologies, a security...

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BitSight Report Finds Ransomware Increases Across Six Industry Sectors

A recent BitSight report titled “The Rising Face of Cybercrime: Ransomware ,” cited data from across six industry sectors and 18,996 companies. It examined the prevalence of ransomware in the...

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Education Gets the Most Ransomware Attacks, Followed by Government

Education received the highest amount of ransomware attacks this year, followed by government and health care, according to a BitSight report .

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Education Sector Most Targeted by Ransomware Attacks, Report Says

An analysis of 20,000 organizations by security ratings firm BitSight found education institutions suffered malware attacks in greater proportions than their peers in government, healthcare,...

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Education faces highest ransomware attack rate of any industry

An analysis of 20,000 organizations by security ratings firm BitSight found education institutions suffered malware attacks in greater proportions than their peers in government, healthcare,...

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Report: The top 6 industries hit by ransomware

"Ransomware is a legitimate threat, with estimates from the U.S. Justice Department showing that over 4,000 of these attacks have occurred every day since the beginning of 2016," said Stephen...

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How ransomware is impacting companies in six major industries

BitSight analyzed the security ratings of nearly 20,000 companies to identify common forms of ransomware and to determine which industries (amongst Finance, Healthcare, Education,...

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Universities, not health care systems, facing highest number of ransomware attacks

"Our analysis shows that the education sector is actually the most impacted group, followed by government,” Stephen Boyer, co-founder and CTO of BitSight, said in a statement.

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Education sector bullied by ransomware and can barely defend itself, report

“While there are some institutions that have made great strides, and their security is comparable to even good private organizations, many institutions have a long, tough road to improve their...

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Ransomware Attacks On Government Agencies Tripled In Last Year

Government entities are second most likely to be targeted by ransomware attacks, following only the education sector, an analysis from cybersecurity ratings company BitSight concluded. Ransomware...

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It's Not Only About Healthcare: BitSight Reports Ransomware Has Infected Many Industries

BitSight, a leading cyber-security rating company, has released a report examining ransomware infection across six industry sectors compiled from 18,996 companies. BitSight’s results support the...

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Education Now Suffers The Most Ransomware Attacks

BitSight, which rates the security posture of organizations based on external data showing malicious activity surrounding them, in a new report today found that education is hit most by ransomware...

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Education and government suffer most from ransomware

The highest rates of ransomware are now found in the education and government sectors according to the findings of a new report from BitSight.

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Protecting cars from cyberattacks

Politico highlights the latest BitSight Insights report on Ransomware in the Morning Cybersecurity.

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Education needs to study up on fighting ransomware

It should surprise no one that ransomware is on the rise, but it may be news that education -- not healthcare -- is outstripping other industries for rate of infection, according to a study by...

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Congress to Bureaucrats: Trust No One

"With third-party breaches on the rise, government contractors and subcontractors also carry a large amount of risk," explained BitSight Technologies Vice President of Business Development Jacob...

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For regulators, cybersecurity must be more than just site visits and questionnaires

As organizations enhance their own defenses, federal regulators in critical industries such as financial services, healthcare and energy are also becoming more involved, examining companies'...

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Startup investors are looking to hackers for help on smart buys

As it stands, investors are largely expected to do their own research to make investment decisions, Jacob Olcott, a vice president at security ratings firm BitSight, said.

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Bank of England wants next payment system to be blockchain-ready

The Bank of England will use BitSight as well as other services for its interbank blockhain settlement service.

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BitSight raises $40M to help companies quantify their security risks

There’s much more to cybersecurity than just fending off attacks against a company’s internal infrastructure.

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BitSight racks up $40 mln Series C

GGV Capital led the round with participation from other investors that included Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures, Comcast Ventures, Liberty Global...

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BitSight Raises $40M to Grow Its Security Ratings Service

The company's founder explains how BitSight not only rates other companies' security posture, but also rates itself.

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Cybersecurity Ratings Startup BitSight Raises $40M

BitSight Technologies Inc. has raised $40 million to provide security ratings. GGV Capital led the Series C round, with participation from existing investors Flybridge Capital Partners,...

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BitSight Raises $40M in Series C Funding

BitSight provides Security Ratings to more than 450 companies, including Lowe’s, Ferrari, Hess, Mondelez and The Hartford, among others.

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BitSight Raises $40 Million to Grow Security Ratings Business

BitSight CEO Shaun McConnon says that with the new funding, the company now has $60 million in the bank and is ready to continue its rapid growth.

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BitSight raises $40 million to help companies rate partner firms’ cybersecurity credentials

BitSight’s latest cash influx takes its total funding to $95 million, and the company says it will now ramp up its expansion, forge partnerships around the world, and pursue acquisitions.

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BitSight Lands $40M Series C Funding, Looks To Boost Growing Channel, Expand Product Line

This latest round comes on the heels of a year of strong growth for BitSight, President and COO Tom Turner told CRN.

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BitSight Nabs $40M as Cybersecurity Ratings Sector Picks Up Steam

“We’re delighted to have this unsolicited round of funding,” Turner says. “We plan to use it aggressively, but wisely.”

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The Inventor of the ‘Security Ratings’ Market Now Has a $60M M&A ‘War Chest’

Just over the last year, [BitSight] has quadrupled its number of enterprise customers to over 450, with sales doubling and headcount growing 58 percent to 185 employees.

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Cambridge security startup gets an unexpected $40M in funding

"GGV did an awful lot of due diligence, and they were very interested in the space and our accomplishments, and it was an unsolicited fundraising," said Tom Turner president and chief...

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Term Sheet — Thursday, September 15

BitSight , a Cambridge, Mass.-based cybersecurity ratings startup, has raised $40 million in Series C funding.

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BitSight raises $40m to expand IT security ratings software

BitSight said it plans to spend the money on hiring, expanding sales and marketing, and building or acquiring new products.

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Cyber-ratings firm BitSight raises $40 million, GGV Capital leads round

BitSight Technologies said on Thursday that it has closed $40 million in series C funding, in a round led by GGV Capital.

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Security Startup BitSight Scores Big: A Surprise $40M Series C

BitSight, a Cambridge-based cybersecurity ratings startup, received an unexpected surprise on Thursday: $40 million in funding.

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New-Gen Apps for Easing Back-to-School IT Pains

eWeek cites BitSight industry research on the security performance of the Education sector.

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How to Create a New Market Category at a Startup

Tom Turner, President & COO of BitSight offers tips on how to create a market at a startup.

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The security ratings game grades third-party vendors

The security rating services -- in this case, the BitSight Security Rating Platform -- give Fannie Mae the ability to make better decisions on which companies to add as business partners, plus it...

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MedSec goes its own way with medical device flaw

"I think all parties – investors, companies and the SEC – will want to take a closer look at existing investor disclosure policies to evaluate whether the current approach is effective," Jacob...

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10 Critical Responsibilities of the Cybersecurity Manager

With all of the recent high-profile security breaches taking place, it is critical that business leaders from organizations of all sizes analyze their security posture and processes. For many...

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