Beware the Botnets: Botnets as an Indicator of Breach Likelihood
A 2015 PwC survey found that 96% of CEO’s in the US have indicated rising concern about data breaches - and rightly so. With the record-breaking breaches of 2014 barely behind us, organizations want to take steps to avoid becoming the next victim and are looking for signs that can indicate troubling performance. BitSight Technologies may have found one such indicator. Using their Security Ratings data, recent research shows a solid correlation between a company’s botnet grade and their likelihood of experiencing a publicly disclosed breach, demonstrating that Security Ratings are a powerful metric for communicating cyber risk across the enterprise.
Join BitSight CTO and Cofounder Stephen Boyer to discuss this research and to learn why continuous security performance monitoring should be an essential part of your enterprise risk management strategy.
Attendees will learn:
-What is the correlation between botnet grades and publicly disclosed breaches
-Why botnet grades vary across key industries and what the top infections are by sector
-How Security Ratings are generated and the impact botnets and other risk vectors have on these security performance metrics
RecordedApr 28 201536 mins
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In order for a business to be competitive, it must be continuously improving. This is something the modern chief information officer (CIO) knows all too well. Further, technological advances and greater outsourcing in business have made cyber risk a key area that requires a great deal of thought from the CIO. So, how can CIOs know how their security programs are performing in order to make decisions on allocating funding, headcount, and policies?
Join Jake Olcott. VP of Business Development at BitSight and Tom Stumpek, a Technology Advisor and former CIO for GE. Attendees will learn:
- Why cybersecurity benchmarking is difficult for the modern CIO.
- Different methods of benchmarking you may be involved in (or want to consider).
- How Security Ratings may solve many benchmarking challenges.
Every organization wants to know how to best protect their systems and data – but exactly where to focus efforts and resources can be daunting. Compromised machines, outdated software, certificate mismanagement, and faulty encryption practices can all increase the risk that an organization will experience a breach, but is there one single area on which businesses should concentrate?
In this webinar, Jay Jacobs, Senior Data Scientist at BitSight discusses new research on common characteristics exhibited by organizations that have suffered data breaches. Dave Bradford, Chief Strategy Officer and Director of Strategic Partnership Development at Advisen will discuss how this research is relevant for carriers and providers of cyber insurance.
Whether you are in the beginning stages of implementing a vendor risk management (VRM) program, or you have a robust program, there are always scenarios that can blindside your organization. Compounding this uncertainty is the dynamic environment of cyber risk. Yet, there are tools and techniques organizations can leverage in order to reduce uncertainty about the security of their third parties and vendors.
Join Matt Cherian, Director of Products at BitSight as he discusses how to grapple with common vendor risk scenarios. In this webinar, viewers will learn:
- How to gain full visibility into the security of your critical third parties to avoid being caught off guard
- How to understand and communicate potential threats occurring on the networks of your third parties
- What to do when an infection- or breach occurs
Large data breaches have caused executives to invest significant time and resources in improving cybersecurity within their own companies. But now the attackers are targeting an organization’s weakest links - business partners and contractors who have access to the most sensitive data. How should senior leaders develop a strategy to manage third party cyber risk? Who are the most critical business partners to be concerned about? How can contractual language reduce the risk? Is there a way to gain real-time visibility into the security posture of the supply chain? And what are the regulators saying about all of this?
Join Jake Olcott, Vice President at BitSight Technologies as he talks about:
- Assessing your organization’s maturity with respect to managing third party cyber risk
- Building a third party cyber risk management program
- Regulatory requirements for third and fourth-party cyber risk management
- Incorporating real-time data into your vendor risk management program
Ira Scharf, GM of Worldwide Insurance, BitSight, Dave Bradford, President, Advisen
With so many different cyber risk metrics being used, how can cyber insurance underwriters and risk managers know how likely a company is to experience a data breach?
Join Ira Scharf, GM of Worldwide Insurance at BitSight, and Dave Bradford President, Research and Editorial at Advisen as they discuss new correlations between BitSight Security Ratings and data breaches.
Attendees will learn:
- Why security ratings are a clear indicator of cyber risk
- How likely companies with BitSight ratings of 400 or below are to experience a data breach
- How underwriters, policyholders, and applicants can use BitSight Security Ratings to lower their cyber risk
Jay Jacobs, Senior Data Scientist, Joel Alcon, Product Marketing Manager
In 2015, large-scale data breaches have hit all industries, leading to millions of compromised records. According to the Identity Theft Resource Center, there were 780 data breaches in which 177,866,236 records were compromised. While no industry is immune to data breaches, some are more prepared than others.
In this webinar, Jay Jacobs, Senior Data Scientist at BitSight explains how security posture differs in six key industries. This webinar will highlight new findings on:
- The most common ransomware infections
- The rate of ransomware infections found across major industries
- The aggregate BitSight Security Rating for each industry
Many recent data breaches have exploited security weaknesses in the networks of third parties to attack businesses. With supply chains growing and business functions increasingly outsourced, the number of third party organizations with access to your company’s most sensitive data has increased dramatically. How should organizations assess and manage the cyber risk by their vendors and suppliers? What kinds of policies and controls should organizations put in place in order to mitigate third party cyber risk? How can organizations continuously monitor the cybersecurity performance of their critical vendors in real time?
Getting familiar with third party cyber risk management best practices and industry standards is a good start towards mitigating cyber risk for your organization. Join Jake Olcott, VP of Business Development as he discusses these topics and more.
With so many moving parts pushing an organization forward, companies today must know who has access to their data—making vendor risk management (VRM) a critical business practice. Unfortunately, not all organizations have the resources to staff full-time vendor risk managers. Security professionals now must wear multiple hats in order to reduce operating risk for their organizations. Even if vendor risk management isn’t a primary focus, there are techniques and tools security professionals can implement to make it an efficient and valuable process for your company.
In this webinar, join Andrew Calo, Manager of Technology Risk at BitSight as he offers tips and techniques to efficiently manage and assess vendor risk. Attendees will learn about:
-Basic questions you need to ask all vendors
-The top risk vectors and configurations to look at it
-The value and impact of continuous risk monitoring software
How can companies effectively measure their company’s risk of a data breach? Which security metrics are most important when it comes to determining cyber risk? How do different types of security compromises, whether botnet infections or brand name SSL vulnerabilities, contribute to an organization’s risk profile?
In this presentation, BitSight’s Chief Technology Officer Stephen Boyer and Senior Data Scientist Jay Jacobs answer these questions and more. This data-driven webinar will highlight the extensive analysis that the BitSight Data Science team undertakes to make security signals into concrete risk mitigation actions. Perhaps most importantly, the speakers will give guidance on how security and risk professionals at every level - from the board room to the server room - can drive positive change throughout their organizations.
How do some of the most prominent nations in the international economy differ in cybersecurity performance? As organizations increasingly open offices abroad, their networks face global security threats.
In its latest research report, BitSight studied the security performance of companies with more than 50% of their IP space in the following countries: The United States, United Kingdom, Germany, Brazil, China, and Singapore.
Join Stephen Boyer, CTO and CoFounder of BitSight as he takes a deep dive into the threat landscape that organizations face in each of these nations.
Viewers will learn:
● Why companies in some nations tend to be more or less secure than others
● How global companies deal with threats such as botnet infections, SSL attacks, and Spam propagation.
● What businesses with a large global presence can do to mitigate cyber risk across their ecosystem.
Matt Cherian, Director of Product Management & Customer Operations
In recent years, organizations’ dependency on cloud service providers, web hosting platforms, and other cloud services has increased. Many companies now rely on cloud technologies for critical services, making them vulnerable to single points of failure in their supply chains. A data breach originating from a service provider may affect multiple organizations across different industries. Many of your company’s vendors may rely on certain cloud service providers. What risk does this pose to your organization?
In this webinar, Matt Cherian, Director of Product Management & Customer Operations at BitSight will discuss:
- Why organizations need to identify and monitor fourth party connections as64 they transition to the public cloud and digital systems
- Which industries could be most impacted by service provider outages and which of these industries rely on obsolete software
- How BitSight Discover can help enterprises mitigate operational and cyber risk
Many recent breaches have exploited security weaknesses in third party vendors and suppliers to attack business and government agencies. In this webinar, the Deputy CISO at Fannie Mae details his experience using BitSight Security Ratings to assess the cybersecurity level of third party business partners and vendors, as well as using BitSight for ongoing monitoring of externally visible signs of lapses in security levels. This presentation will contain a discussion of lessons learned and best practices as well as detail the metrics used to demonstrate the business value gained by a repeatable and ongoing approach for monitoring third party security levels.
What were the overall trends in cyber breaches, and what does this mean for organizations and the third party vendors with whom they work?
In this webinar, Advisen, an insurance analytics firm, will analyze cyber breaches and identify ebbs and flows throughout 2015 and into 2016. Panelists will then take the unprecedented step of correlating the data Advisen and Bitsight possess to take an even deeper dive to find possible threats to an organization’s cybersecurity — giving all stakeholders greater visibility into the cyber posture of organizations as well as their third party vendors.
Jay Jacobs, Senior Data Scientist, BitSight
Aloysius Tan, Product Manager, Advisen
Chad Hemenway, Managing Editor, Advisen (moderator)
How do organizations assess and manage the security risk by their vendors and suppliers? What kind of programs to organizations have in place to manage risk, and how mature are these programs?
In this webinar, Stephen Boyer, CTO and CoFounder of BitSight and Joyce Chutchian, Senior Managing Editor, IDG Enterprise discuss recent survey data on the maturity of vendor risk management programs. This presentation will provide an in-depth analysis of which methods are being used by organizations in order to mitigate third party risk.
Attendees will also learn:
- Why vendor risk management is becoming a standard business practice
- About the challenges organizations face in building a formalized vendor risk program
- How continuous monitoring solutions and security ratings can help bolster vendor risk management programs
Recent high profile data breaches have made it obvious that organizations often underestimate the risk their vendors present, and struggle to evaluate third party cyber risk.
In this webinar Mike Rothman, Analyst & President of Securosis, and Tom Turner, President and COO of BitSight describe how organizations can build a systematic means to evaluate their IT risk presented by business partners and vendors.
Viewers will learn about:
- Understanding Third Party IT Risk
- Structuring Vendor Risk Management Programs
- Evaluating Vendor Risk
- Ongoing Vendor Monitoring and Communication
Infections are a growing threat to business networks. Symantec recently noted that over a million new malware threats are released every day. This leaves companies searching for solutions to prevent infections before they occur - and identify infections that do happen to infect company devices.
Join Payal Mehrotra, BitSight Product Manager, for this webinar to learn how security programs can leverage the BitSight platform to identify and remediate infections on their network, including spam, botnets and malware. She will give an overview on how BitSight identifies infections and how alerts and forensics can help organizations detect and remediate issues as they occur.
Cybersecurity is now a #1 concern for board members. What should they know? How should it be presented?
Richard Clarke knows. As a senior White House advisor to four U.S. Presidents, a member of three corporate boards, and CEO of Good Harbor Security Risk Management, he’s talked cybersecurity in the Situation Room and the boardroom.
Jasper Ossentjuk also knows how to present cybersecurity in the boardroom. As SVP and CISO for TransUnion, Jasper regularly presents information to his Board about his organization's security posture.
On March 22 at 2PM ET, join Richard and Jasper for a discussion of:
- What cybersecurity metrics and measurements are most important for the board
- Methods for security leaders to communicate security issues across the enterprise
- How to graphically represent your cybersecurity program
The transition to large scale outsourcing among large and mid-sized companies has increased the number of fourth party connections and the dependency on cloud service providers, web hosting platforms, and other cloud services. As companies rely on a handful of service providers, they become vulnerable to single points of failure in their supply chains. Cyber criminals may be able to breach multiple organizations across different industries through a single attack on a service provider.
Today, insurance companies lack sufficient visibility into the level of concentration of third party cloud providers in their book of business. To successfully assess and mitigate this level of cyber risk aggregation insurers must identify areas of third party concentration in their portfolios, where a single breach of a compromised service provider could lead to dozens or hundreds of cyber claims.
Join Jay Jacobs, Senior Data Scientist and Ira Scharf, GM of Worldwide Insurance at BitSight on March 15 at 2:30 PM for a discussion of:
- Why organizations need to be aware of fourth party connections as they transition to the public cloud and digital systems
- Which industries could be most impacted by service provider outages and which of these industries rely on obsolete software
- How insurers will approach cyber risk aggregation
The Higher Education sector is a large target for cyberattacks because of their research in science and technology that can be leveraged for commercial gain. However, colleges and universities often have unique requirements and specific challenges to securing their networks.
In this webcast Stephen Boyer, of BitSight Technologies and Chris Schreiber of University of Arizona discuss:
- The specific challenges that universities and colleges face in mitigating cyber risk
- How threats like peer to peer file sharing present greater risk to this sector
- How universities can use BitSight Security Ratings to mitigate cyber risk and improve their security posture
Understanding the cybersecurity posture of vendors, suppliers, and third-parties is now a necessity for businesses in all industries. Yet, many businesses do not have a formalized vendor risk management program. There are multiple components needed to create a comprehensive vendor risk management program. These span governance and control, as well as security controls and technology.
Join Jake Olcott, VP at BitSight on February 9 as he highlights best practices and industry standards for vendor risk management programs. Attendees will learn:
- Which frameworks and methodologies can help get you started
- Vital questions you should be asking your vendors
- Why continuous monitoring and verifying vendor security is crucial to mitigate cyber risk
Find Out How Security Ratings can Reduce Your Company's Risk.
The BitSight Security Rating Platform gathers terabytes of data on daily security outcomes from hundreds of sensors deployed across the globe.
All of the data is externally available and collected without any intrusive testing. Data is classified into several risk categories, including botnets, spam, malware, unsolicited communication, DDoS, and system configuration, and then mapped to an organization's known networks.
BitSight’s sophisticated algorithms analyze the data for severity, frequency, duration, and confidence to create an overall rating of that organization’s security performance.