BitSight

Cybersecurity Insurance Market worth $33.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 28, 2023
Zurich Insurance Group, AXA, AIG, Privacy, Research and development, Risk, SecurityScorecard, R, Organization, SafeBreach, PCAP, Policy, HITECH, SentinelOne, ANZ, Growth, BitSight, Vendor, Lloyd's of London, Vectra, The Travelers Companies, Endpoint detection and response, Defender, Munich Re, COVID-19, MEA, Liberty Mutual, Government, Research, Bermuda, SME, Partnership, Trellix, CNA, CYE, EDR, Marsh McLennan, AXIS Capital, HIPAA, Risk management, Medical device, Arms industry, Microsoft, Chubb, Allianz, Accenture, Insurance, Cisco, Broadcom Inc., Computer security

Key players in the market offering standalone cybersecurity insurance solutions include AXA XL, AIG, Travelers Insurance, Beazley, Zurich, Fairfax, Tokio Marine, Liberty Mutual, and CNA.

Key Points: 
  • Key players in the market offering standalone cybersecurity insurance solutions include AXA XL, AIG, Travelers Insurance, Beazley, Zurich, Fairfax, Tokio Marine, Liberty Mutual, and CNA.
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Cybersecurity Insurance Market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Cybersecurity Insurance Market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Cybersecurity Insurance Market.

Diligent Launches Board Reporting for IT Risk, Providing Directors a Holistic View of Their Organization’s Cybersecurity and IT Risk Posture

Retrieved on: 
Wednesday, July 19, 2023
Security, Data Management, Apps, Applications, Technology, Software, Privacy and Civil Liberties Oversight Board report on mass surveillance, San Francisco Bay Area, Asset management, Risk, Texas Pacific Land Corporation, GRC, Risk management, Arcadis, Multimedia, Asset, Organization, SecurityScorecard, Certification, Benchmarking, SVP, CISO-FM, Roblox, BitSight, Diligence

Diligent , a leading GRC SaaS company, today announced the launch of Board Reporting for IT Risk .

Key Points: 
  • Diligent , a leading GRC SaaS company, today announced the launch of Board Reporting for IT Risk .
  • Key features of the dashboard include:
    An independent, correlated and data-driven view of your organizational cybersecurity performance from Bitsight, a leader in cyber risk management.
  • Bitsight ratings provide directors with an objective view of cyber risk performance that can be tied to the risk of financial loss from key threats, such as ransomware or data breaches.
  • To learn more about how to effectively govern cyber risks and have meaningful conversations with management, register for Diligent’s Cyber Risk & Strategy Certification .

Morphisec Mentioned in Gartner® Emerging Tech: Tech Innovators in Automated Moving Target Defense Report

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Thursday, July 13, 2023
Insurance, Emotet, XDR, Attack, Log4j, Microsoft Windows, Metasploit, CISO, Research, Security, Organization, EDR, AMTD, Publication, Cyberattack, BitSight, Memory, Deception, Behavior, Risk management, Online shopping, Gartner, Linux

BOSTON and BEER-SHEVA, Israel, July 13, 2023 /PRNewswire-PRWeb/ -- Morphisec, the world's leading provider of prevention-first endpoint security software, today announced its recognition as a vendor in Gartner Emerging Tech: Security - Tech Innovators in Automated Moving Target Defense[1].

Key Points: 
  • BOSTON and BEER-SHEVA, Israel, July 13, 2023 /PRNewswire-PRWeb/ -- Morphisec , the world's leading provider of prevention-first endpoint security software, today announced its recognition as a vendor in Gartner Emerging Tech: Security - Tech Innovators in Automated Moving Target Defense [1].
  • Gartner states that: "Security teams are overwhelmed with having to supply reactive defense and response.
  • Coupling current endpoint security solutions together with automated moving target defense is the next evolution of cybersecurity and is a must for organizations to defend against the evolving threat landscape."
  • [1] Gartner Emerging Tech: Security — Tech Innovators in Automated Moving Target Defense, Mark Pohto, Carl Manion, 07 June 2023
    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission.

Diligent Showcase Launches to Connect Customers with Partners, Integrations and Services to Enhance Their GRC and ESG Programs

Retrieved on: 
Wednesday, May 17, 2023
Software, Environmental, Social and Governance (ESG), Artificial Intelligence, Data Management, Professional Services, Technology, Security, Business, Software as a service, S&P Global, GRC, BIG, Partner, Design Worldwide Partnership, DFIN, Consultant, Corporation Service Company, Organization, Clarity, BitSight, Donnelly (surname), Donnelley Financial Solutions, Risk, Showcase, ESG, SVP, Diligence

Diligent , the global leader in modern governance providing SaaS solutions across governance, risk, compliance, audit and ESG, today announces the launch of Diligent Showcase , a central hub for customers to enhance their GRC and ESG program with more than 50 partners and integrations.

Key Points: 
  • Diligent , the global leader in modern governance providing SaaS solutions across governance, risk, compliance, audit and ESG, today announces the launch of Diligent Showcase , a central hub for customers to enhance their GRC and ESG program with more than 50 partners and integrations.
  • The showcase features technology integrations, complementary solutions, and Diligent authorized service providers.
  • “Diligent Showcase makes it easy for our customers to quickly identify app integrations, solution providers, consultants and independent software vendors that are verified Diligent partners and best positioned to meet their unique business goals,” said Ricardo Moreno, SVP of Worldwide Partnerships at Diligent.
  • Using Diligent Showcase, customers can search Diligent’s expansive partner network by region or solution type to find the right partners, integrations, and content to help them tackle the evolving landscape of GRC and ESG.

Bitsight Expands into Integrated Cyber Risk Management Empowering Risk Leaders to Address Rising Threats to Business Operations

Retrieved on: 
Thursday, April 20, 2023
Orbis, Insurance, White House, Partnership, Moody's Investors Service, Moody's Analytics, Moody's Corporation, Business, Risk management, Vulnerability, Research, Risk, Organization, Trust, Corporation, Ecosystem, Ciso, Cryptocurrency, BitSight

BOSTON, April 20, 2023 /PRNewswire/ -- Bitsight, a leader in managing and monitoring cyber risk, today unveiled its expansion into a broader category of integrated cyber risk management. As the category creator and global leader in the cybersecurity ratings industry, Bitsight's enhanced strategy will deliver new capabilities to empower security professionals and business leaders to more effectively and holistically manage cyber risk. The announcement includes large-scale distribution of risk data and insights through Moody's/BVD's Orbis, a new Third-Party Vulnerability Detection & Response solution, and more predictive cyber risk ratings that help mitigate cyber risk and make CISOs and risk professionals' jobs easier.

Key Points: 
  • Business leaders, risk leaders and boards are turning to us as an integrated solution to manage risk and build trust across their ecosystem," said Bitsight CEO Steve Harvey.
  • Through this partnership, Bitsight became the primary cyber risk analytics provider across Moody's suite of integrated risk assessment offerings.
  • These analysts are leveraging Bitsight to better understand the relative cyber risk of issuers, engage issuers on cybersecurity risk, and publish research on the intersection of cyber risk and credit risk.
  • "Risk leaders globally spend every day working against a relentless and growing problem of cyber risk uncertainty," said Harvey.

BitSight Research Finds Organizations Failing to Keep Pace with the Increase in Cyber Vulnerabilities

Retrieved on: 
Thursday, March 30, 2023
Organization, Observation, Communication, Growth, BitSight, Research, Investment, Risk, Risk management, Medical device

BOSTON, March 30, 2023 /PRNewswire/ -- BitSight, a leader in detecting and managing cyber risk, today unveiled new research which found that the cybersecurity vulnerability remediation rate for over 100,000 organizations around the world currently sits at a critically low 5%. While vulnerability management is one of the most important things an organization can do to reduce the risk of experiencing a cybersecurity incident, this research shows the extent to which many organizations still struggle to implement an effective vulnerability management program.

Key Points: 
  • This makes it difficult for organizations to properly identify enterprise assets and systems, let alone ensure they are kept secure by receiving the latest remediations.
  • "It's clear organizations face significant challenges in discerning and managing vulnerabilities in their own organization and across their extended third-party ecosystem," said BitSight CTO Stephen Boyer.
  • This means putting adequate resources into your program, including human resources, technology solutions, and pillars that guide governance.
  • For this study, BitSight analyzed 140 medium, high, and critical software vulnerabilities across over 100,000 organizations around the world with varying rates of remediation at the time of observation.

Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 15th Time

Retrieved on: 
Monday, March 13, 2023
DE, Environment, Government Reports Elimination Act of 2014, Organization, Ethics, Recognition, Privacy, Culture, Female, SecurityScorecard, Risk management, Nursing, Social, BitSight, Paychex, Ethisphere Institute

ROCHESTER, N.Y., March 13, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been named among one of the 2023 World's Most Ethical Companies® on Ethisphere's annual list for the 15th time.

Key Points: 
  • Ethisphere, a global leader in defining and advancing the standards of ethical business practices, each year recognizes a select group of companies that show exceptional commitment to ethical operations, compliance performance, and governance practices.
  • "We continue to be inspired by the World's Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership.
  • Congratulations to Paychex for earning a place in the World's Most Ethical Companies community."
  • To view the full list of this year's honorees, please visit the World's Most Ethical Companies website, at worldsmostethicalcompanies.com/honorees .

BitSight identifies thousands of global organizations using insecure webcams and other IoT devices, finding many susceptible to eavesdropping

Retrieved on: 
Thursday, March 9, 2023
Research, White House, Data, Risk, IP, Organization, BitSight, Education, VPN, Internet of things, Government, Fortune 1000, Politics, Mobile phone, Risk management

BOSTON, March 9, 2023 /PRNewswire/ -- BitSight, a leader in detecting and managing cyber risk, today unveiled new research which found one in 12 BitSight-tracked organizations with Internet-facing webcams or similar IoT devices are susceptible to video and/or audio compromise. These findings come shortly after the White House release of its National Cybersecurity Strategy, which aims to significantly improve the security of IoT devices.

Key Points: 
  • These findings come shortly after the White House release of its National Cybersecurity Strategy , which aims to significantly improve the security of IoT devices.
  • Spanning 54 countries, exposed organizations include multiple Fortune 1000 organizations, and are concentrated in the education, technology, government and politics, and media and entertainment sectors.
  • Of these sectors, education was found to be most at risk – nearly one in four BitSight-tracked education organizations using Internet-facing webcams and/or similar devices are susceptible to spying.
  • "This research shows that even everyday technologies, such as webcams, can leave organizations highly vulnerable if exposed," said BitSight Chief Risk Officer Derek Vadala.

Sonali Shah Joins Shibumi's Board of Directors as Independent Director

Retrieved on: 
Wednesday, March 8, 2023
Software, BitSight, Growth, Pressure, Human, Course Correction, Invicti athletae, ESG, Shibumi, Knowledge, Sonali, Human security, Organization, Marketing, Management

NORWALK, Conn., March 8, 2023 /PRNewswire-PRWeb/ -- Shibumi, a leading provider of strategic portfolio management software for enterprise customers, announced today that Sonali Shah has joined its Board of Directors as an independent director. Shah brings robust experience in product management, corporate strategy, and marketing, and will help shape Shibumi's go-to-market strategy and growth initiatives.

Key Points: 
  • NORWALK, Conn., March 8, 2023 /PRNewswire-PRWeb/ -- Shibumi , a leading provider of strategic portfolio management software for enterprise customers, announced today that Sonali Shah has joined its Board of Directors as an independent director.
  • Shah currently serves as the Chief Product Officer at Invicti Security, a market leader in application security.
  • Efficiency and resiliency are foundational elements to a company's success," Shah said of her decision to join Shibumi's Board.
  • "Everyone at Shibumi is thrilled to have Sonali join the Board of Directors," said Shibumi CEO Bob Nahmias.

TrueFort Appoints Scott Schneider Chief Revenue Officer

Retrieved on: 
Wednesday, February 15, 2023
Software, Networks, Internet, Finance, Banking, Professional Services, Technology, Security, Growth, BitSight, Organization, Kratos Defense & Security Solutions, SecurityScorecard, Lookingglass, Oregon, Intelligence, Acquisition, Risk, Management

TrueFort , the lateral movement protection company, today announced the appointment of Scott Schneider as Chief Revenue Officer.

Key Points: 
  • TrueFort , the lateral movement protection company, today announced the appointment of Scott Schneider as Chief Revenue Officer.
  • Scott brings more than 20 years of experience as a senior sales executive to TrueFort.
  • “Scott is a proven technology sales leader who has successfully helped scale several cyber security startups to market leadership positions,” said Sameer Malhotra, CEO of TrueFort.
  • Previously, Scott helped grow CyberGRX from zero to a leadership position in the global market for third-party cyber risk management software.