Read recent press releases to learn about the latest company and product news from Bitsight.
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Press Releases
Bitsight Technologies, the standard in Security Ratings, today released new research measuring the security performance of 300 major U.S. retailers from Nov. 1, 2013 to Nov. 1, 2014. The report reveals that retail is still under attack and consequently the security effectiveness of retail organizations as a whole has continued to decline over the past year. However, almost 75 percent of retailers that experienced a data breach in the last year have improved their security effectiveness since the point of their breach, while a third of the breached retailers link back to compromises via third-party vendors.
“While it’s encouraging that a majority of the breached retailers have improved their security effectiveness, there is more work to be done, especially in the area of vendor risk management,” said Stephen Boyer, co-founder and CTO of Bitsight. “This trend in retail highlights the importance of proactive measures such as industry and peer benchmarking, as well as continuous monitoring of one’s supp
“While it’s encouraging that a majority of the breached retailers have improved their security effectiveness, there is more work to be done, especially in the area of vendor risk management,” said Stephen Boyer, co-founder and CTO of Bitsight. “This trend in retail highlights the importance of proactive measures such as industry and peer benchmarking, as well as continuous monitoring of one’s supp
Bitsight Technologies, the standard in Security Ratings, today announced the acquisition of AnubisNetworks, a real-time data threat provider based in Porto, Portugal. The integration of AnubisNetworks extends Bitsight’s position as the leading provider of information security ratings for organizations around the world. AnubisNetworks is already incorporated into the Bitsight technology, and it will continue to serve as a key provider of the data that drives Bitsight’s world-class ratings.
“Anyone can score a company’s information security, but it takes a powerful analytics technology like the AnubisNetworks platform to provide the quality, breadth
“Anyone can score a company’s information security, but it takes a powerful analytics technology like the AnubisNetworks platform to provide the quality, breadth
Date: September 30, 2014Bitsight Technologies, the standard in Security Ratings, today announced Bitsight Security Ratings for Cyber Insurance. This first-of-its-kind solution enables insurance underwriters and brokers to make data-driven coverage decisions, while also delivering security value to the insured. Cyber insurance coverage is an urgent business issue for organizations and the fastest growing segment of the insurance industry following major security breaches at Target, eBay and Home Depot.
Bitsight Security Ratings for Cyber Insurance works entirely from outside the insured company and is built on Bitsight’s Security R
Bitsight Security Ratings for Cyber Insurance works entirely from outside the insured company and is built on Bitsight’s Security R
Date: June 19, 2014
Bitsight Technologies, the standard in Security Ratings, today announced Bitsight Security Ratings for Benchmarking. The first-of-its-kind solution enables anyone from C-level executives to board members to IT professionals to quantify their security performance, measure the success of their overall security program and benchmark that over time and agai
Bitsight Technologies, the standard in Security Ratings, today announced Bitsight Security Ratings for Benchmarking. The first-of-its-kind solution enables anyone from C-level executives to board members to IT professionals to quantify their security performance, measure the success of their overall security program and benchmark that over time and agai
Date: May 28, 2014
Bitsight Technologies, the standard in Security Ratings, today released a new Bitsight Insights report, which analyzed Security Ratings for S&P 500 companies in four industries – finance, utilities, retail and healthcare and pharmaceuticals. The objective was to uncover quantifiable differences in security
Bitsight Technologies, the standard in Security Ratings, today released a new Bitsight Insights report, which analyzed Security Ratings for S&P 500 companies in four industries – finance, utilities, retail and healthcare and pharmaceuticals. The objective was to uncover quantifiable differences in security
Date: March 24, 2014
With cyber security a growing priority within the mobile business, Bitsight’s risk ratings allow organizations to objectively measure, compare and mitigate mobility risk
With cyber security a growing priority within the mobile business, Bitsight’s risk ratings allow organizations to objectively measure, compare and mitigate mobility risk
Date: June 5, 2013CAMBRIDGE, MA – Bitsight Technologies, a provider of innovative big data analytics for risk management, today announced it has closed a $24 million Series A round of financing from Globespan Capital Partners, Menlo Ventures, Flybridge Capital Partners, and Commonwealth Capital Ventures. The new funds will be used to expand product development efforts, hire sales and marketing personnel, and launch the Company’s first product. As part of the financing, Globespan Capital Partners’ Dave Fachetti and Menlo Ventures’ Venky Ganesan will join Flybridge Capital Partners’ David Aronoff, Bitsight’s CEO Shaun McConnon and co-founders Stephen Boyer and Nagarjuna Venna on the Company’s Board of Directors. Bitsight received seed funding from the National Science Foundation, Flybridge Capital Partners and Commonwealth Capital Ventures.
“We are excited to bring a new evidence based approach to quantifying security risks while providing our customers with actionable insight to quickly respond to emerging data security threats,” said Shaun McConnon, CEO, Bitsight Technologies. “With this financing, Bitsight is well positioned to drive innovation in the security risk management mar
“We are excited to bring a new evidence based approach to quantifying security risks while providing our customers with actionable insight to quickly respond to emerging data security threats,” said Shaun McConnon, CEO, Bitsight Technologies. “With this financing, Bitsight is well positioned to drive innovation in the security risk management mar