ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | April 21, 2023
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.
Bitsight's integrated solutions address the needs of CISOs and risk leaders, whose roles have become more challenging in recent years with digital transformation, supply chain risk, and expanded attack surfaces. "As the cyber threat landscape worsens and the global regulatory landscape demands more nimble and thorough risk management, Bitsight has evolved to stay ahead of our customers' needs. 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.
Furthermore, comprehensive cyber risk management is also essential to good corporate governance, reaffirmed by the recently released White House national cyber strategy, pending SEC regulations on cybersecurity disclosure, and cybersecurity requirements emerging throughout Europe and Asia. Harvey noted, "Our strategic shift to become an integrated cyber risk management leader means we're able to provide customers and governments with the industry's most impactful data, services and tools to confidently navigate the uncertain cyber landscape."
Accelerated Partnership with Moody's Corporation
Newly-added integrations with Moody's will deliver expanded insights for enterprises and assist with holistic cyber risk management. In October 2021, Moody's Corporation invested $250 million in Bitsight, and the two companies announced a landmark partnership agreement. Through this partnership, Bitsight became the primary cyber risk analytics provider across Moody's suite of integrated risk assessment offerings.
Bitsight data is now accessible by nearly 2,000 global credit analysts within Moody's Investors Service. 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. Additionally, Bitsight ratings data is now also integrated within Moody's Analytics' BVD Orbis platform, enabling non-technical risk managers to easily consider cyber risk factors in counterparty risk analysis.
"The rise of cyberattacks and ransomware has created an imperative for business leaders and boards to assess and quantify their cyber risk," said Moody's Analytics President Stephen Tulenko. "Bitsight is our trusted partner in helping leaders to better understand, measure, and navigate the cyber risk landscape with confidence."
Through these integrations, Bitsight and Moody's insights may be used together in powerful combinations for applications such as Know-Your-Customer, supply chain management, insurance underwriting, and credit risk assessment.
New Third-Party Vulnerability Detection & Response Application
To further its cyber risk management capabilities, Bitsight has enhanced its Third-Party Vulnerability Detection tool to include a Response workflow. Zero-day attacks and other vulnerabilities are increasingly common, and most companies are struggling to properly manage third-party exposure to critical vulnerabilities quickly, effectively, and at scale. With Vulnerability Detection & Response, cybersecurity teams can now access the most important vulnerability data and effectively prioritize vendor outreach with built-in questionnaires while tracking vendor response progress in real time. This release is another innovative application showcasing Bitsight's continued commitment to helping customers better monitor, manage, and mitigate vulnerabilities across their third-party ecosystems.
More Predictive Cyber Risk Ratings – Bitsight's Ratings Algorithm Update
Bitsight has launched a new ratings algorithm, with several key enhancements, most notably modifying the weights of several risk vectors based on independent research and insight into how those risk vectors correlate to real life cyber events. As a part of delivering an integrated cyber risk management solution, Bitsight remains committed to investing in and producing actionable cybersecurity ratings that have the strongest correlation in the industry to the likelihood of a cyber incident. "Cybersecurity ratings remain a critical tool in cybersecurity and risk leaders' arsenals, while the pressures and demands to address cyber risk have significantly expanded," said Harvey.
As attacks on organizations intensify and business leaders demand greater strategic support to address risk, Bitsight's mission to build trust in the digital economy has extended well beyond cyber risk ratings. "Risk leaders globally spend every day working against a relentless and growing problem of cyber risk uncertainty," said Harvey. "And as waves of digital transformation continue to disrupt cybersecurity stability, we are committed to supporting our current and future customers with a broad and unified cyber risk management solution that helps them navigate with greater confidence."
Learn more about our partnership with Moody's Corporation here
Learn more about Third-Party Vulnerability Detection & Response her
Learn more about the Rating Algorithm Update here
Bitsight is a global cyber risk management leader transforming how organizations manage exposure, performance, and risk for themselves and their third parties. Companies rely on Bitsight to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss. Built on over a decade of market-leading innovation, its integrated solutions deliver value across enterprise security performance, digital supply chains, cyber insurance, and data analysis.
ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Businesswire | May 08, 2023
Dashlane, the security-first password manager, today introduced Passwordless Login, a technology that eliminates the need to create a master password to access Dashlane. The company was the first password manager to offer an extension that supports passkeys and this is the next step in that evolution. With Passwordless Login, users will be able to securely access their Dashlane account without having to create and remember a single password.
As digital profiles have multiplied both professionally and personally, it’s become increasingly difficult to securely manage credentials. Gartner reported that as many as 20-50% of all helpdesk calls are related to password resets. Password managers have helped simplify this process, though users have still needed to create and remember a master password to access their vaults.
By eliminating the master password, Dashlane will empower users to create new phishing-resistant, passwordless accounts that don’t suffer from the vulnerabilities of traditional passwords and multifactor authentication (MFA). Not only does this strengthen overall security posture, it removes user friction and provides a more accessible way for people to access their accounts and protect their personal information.
“Our business has long been about helping users and organizations manage their passwords and logins. But the digital password was born in the 1960s and despite technological advancements, many people still use the same username and password format for most of their online lives,” said John Bennett, CEO at Dashlane. “While our business model has relied on users having one strong, unique master password, it’s still a password that can be weak, reused, phished, or breached. Unveiling today’s passwordless technology marks a significant milestone in our journey towards a future with no passwords.”
By relying on the strength of local device security, which includes PINs and biometrics, Dashlane is able to securely authenticate and provide access to a user’s encrypted vault, which allows Dashlane to be resistant to phishing attacks. Additionally, Dashlane uses cryptographic keys generated with Elliptic-curve Diffie-Hellman (ECDH) to assist with securely exchanging secrets between devices, making setting up a new device fast and secure and regaining access simple. Dashlane is introducing a new mechanism to let users recover their data if they lose their device. This new Dashlane Account Recovery Key will also be made available to our existing users who still use a master password to log in to Dashlane.
Dashlane’s Passwordless Login is a cross-platform solution that is agnostic to the state of a user’s hardware and software. The technology also enables:
Faster device setup flow using a registered device
The ability to set up device-specific PIN codes and biometrics (like fingerprint or facial recognition) to create an account on a mobile iOS or Android device
The ability to regain access to an account with a recovery key, in the event of a total device loss
Dashlane recently became a board-level member of the FIDO Alliance, doubling down on its commitment to work with industry partners to advance the passwordless future through the widespread adoption of passkeys and phishing-resistant authentication.
New Dashlane users will be able to sign up for an account without a master password in the coming months on their mobile device, and the capability will be rolled out to existing customers later this year. For more information on Passwordless Login for Dashlane and to see a demo of how the experience will work, please visit Dashlane’s Passwordless hub.
Dashlane is a password management solution that removes complexity by pairing comprehensive security with ease of use. We are closely attuned to the needs of our users, balancing simple tools with an uncompromising approach to security–a game changer for anyone, but especially for IT admins working to secure their organization. Our team in Paris, New York, and Lisbon is united by a strong sense of community and passion for improving the digital experience. Over 18 million users and 20,000 businesses globally use Dashlane for a faster, simpler, and more secure internet.
ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | May 17, 2023
SimSpace, the industry leader in military-grade cyber ranges is today announcing the expansion of their ecosystem. The SimSpace Cyber Force Platform will now help Cymulate customers evaluate and validate their security stack with SimSpace's cyber ranges.
According to Cybersecurity Ventures, the total cost of cybercrime in 2023 is expected to hit $8tr and $10.5tr in 2025. Defending against the nation state tactics, techniques and procedures now targeting businesses will be on the mind of every board member and CISO this year. Adopting continuous security improvements will be the key that unlocks cybersecurity resilience, a major theme in Gartner's 2023 cybersecurity predictions. How organizations manage their cyber risk will dictate their security posture and financial optimization in the coming year.
SimSpace's Cyber Force platform enables listed companies and critical national infrastructure organizations around the world to test their networks in the highest-fidelity simulated environments commercially available. SimSpace's cyber range will enhance Cymulate customers' ability to perform market-leading team assessments, live-fire exercises and vulnerability exposure.
Carolyn Crandall, Chief Security Advocate at Cymulate believes the partnership will reinforce testing and training capabilities for leading businesses: "Our priority is to strengthen the cyber resilience and exposure assessment of our mutual customers, and SimSpace's cyber range will be an integral component in achieving this. Businesses around the world trust Cymulate's breach-and-attack platform to validate their critical processes. With SimSpace's high-fidelity emulation, Cymulate customers can further benefit from the integrated live-fire training and real-world testing capabilities they provide."
William "Hutch" Hutchison, co-founder and CEO of SimSpace Inc sees the partnership as an opportunity for growth: "We are excited to develop our partnership with Cymulate to provide world-class cyber readiness training for our mutual partners."
"As our customers continue to face unprecedented cybersecurity challenges, this partnership will allow them to continuously develop and improve their defensive abilities. SimSpace's Cyber Force Platform was born out of a need for the highest level of threat detection which has developed into a business necessity in 2023. As bad actors elevate the complexity and frequency of attack paths today, SimSpace's cyber range provides government-grade protection for platforms such as Cymulate to achieve unparalleled cyber preparedness."
The Cymulate platform provides threat exposure assessment, Breach and Attack Simulation (BAS), and Continuous Automated Red Teaming (CART) for delivering real-time visibility to vulnerabilities, understanding the efficacy of security controls, and automated testing. The Cymulate platform continuously assesses, optimizes, and rationalizes the state of security controls, while creating baselines for proving security efficacy across the full cyber kill chain and for continuous improvement.
SimSpace is the global leader in military-grade cyber ranges, founded by experts from U.S. Cyber Command and MIT's Lincoln Laboratory to respond to a new era of unprecedented cyber threat. The company's Cyber Force Platform enables the most sophisticated enterprises, governments, and critical national infrastructure organizations to find intelligence-driven answers to the most vexing security, governance, training, and cyber readiness questions. SimSpace provides high-fidelity cyber security simulations, training, and safe live-fire exercises previously only available to the U.S. Cyber Command and the world's most advanced intelligence agencies. Now, Fortune 2000 financial, retail, insurance, and other commercial markets can access nation-state level security capabilities to protect their critical assets, with an average reduction in cyber operational costs of 30% and a 40% reduction in breaches.