|By Marketwired .||
|May 28, 2014 08:00 AM EDT||
CAMBRIDGE, MA -- (Marketwired) -- 05/28/14 -- 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 performance across industries from April 2013 through March 2014. The study revealed that the healthcare and pharmaceuticals sector has many of the same characteristics as the retail sector, including a high volume of security incidents and slow response times, and that both of these sectors lag behind the finance and utilities sectors in security performance.
BitSight Technologies uses publically available data to rate companies' security performance on a daily basis. Observed security events and configurations, such as communication with a botnet, malware distribution, and email server configuration, are assessed for severity, frequency and duration and used to generate objective Security Ratings. BitSight Security Ratings range from 250 to 900, with higher ratings equating to higher security performance. Industry ratings are calculated using a simple average of the Security Ratings of companies in that sector.
Retail's poor performance continues
- Within the past year the security performance of the retail industry declined, ending the time period at an average of 685.
- The number of security events observed by BitSight increased nearly 200 percent from April 2013 to March 2014.
- Zeus and Zero Access accounted for one third of all malware in the retail industry.
Healthcare and pharmaceuticals demonstrate signs of serious illness
- The average rating in this industry was 660. Like the retail sector, the spread in performance across the industry is large, implying that there are many companies that are seriously underperforming.
- This sector saw the largest percentage increase in the number of security incidents observed by BitSight over the time period.
- The average event duration, (the number of days between the first time BitSight observes an event to the last time) is longer than any other industry, at 5.3 days.
Finance tops the list
- The average rating in the finance industry was 765, the highest of all of the industries analyzed, despite an increase in the number of observed incidents.
- Zeus malware made up 33 percent of the identified malware that hit the finance industry.
- The finance industry had the shortest average event duration suggesting that this sector is quicker to detect and respond to cyber threats than others.
Utilities also shine bright
- The average rating was 751 for the utilities industry and like finance, the range of ratings within the utilities sector is relatively narrow, meaning the majority of companies are high performers.
- Redyms, a family of trojans designed to redirect search engine results, hit this sector particularly hard, accounting for 26 percent of all observed malware.
- Similar to finance, the generally positive security performance in this industry is likely the result of both executive-level focus on cyber risk as well as industry regulation.
"Based on our analysis, it is clear that organizations that treat cyber security as a strategic issue perform better than those that view it as a tactical one. This partially explains the superior Security Ratings of financial institutions and electric utilities in the S&P 500 compared to retailers and healthcare companies."
-- Stephen Boyer, BitSight co-founder and CTO
"These strong Security Ratings of the electric utilities in the S&P 500 are no surprise, in my experience, large IOUs (Investor Owned Utilities) have fairly sophisticated IT security practices. Like large financial institutions, they have significant security budgets and cyber risk has executive level visibility. Although NERC CIP only applies to portions of these IOUs, it has lead to a significant shift in attitudes towards cyber security in large utilities."
-- Dave Dalva, VP of Security Science at Stroz Friedberg
"Many retailers do indeed have strong security practices, and the recent announcement from the Retail Industry Leaders Association (RILA) about the creation of a Retail Cyber Intelligence Sharing Center is certainly a step in the right direction. However, cyber security still needs greater resources and executive level attention across the industry."
-- Chris Poulin, IANS Faculty Member
"In our recent assessment of medical devices used in clinics and hospital around the country, weak encryption, lack of key management, poor authentication and authorization protocols, and insecure communications were all common findings. These gaps in security can lead to a compromise in data confidentiality and integrity. When sensitive data is compromised, it can not only create risks for patients, but also expose health care providers and device manufacturers to regulatory and business risks."
-- Chandu Ketkar, Technical Manager at Cigital
To download a full copy of the BitSight Insights report, visit http://bitsig.ht/TxGRXy. To download a ZIP file containing high resolution versions of the charts and graphs included in the report, click here http://www.bitsighttech.com/sites/default/files/BitSight%20Insights%20Vol%204%20Graphics%20Kit.zip.
About BitSight Technologies
BitSight Technologies is transforming how companies manage information security risk with objective, evidence-based security ratings. The company's Security Rating Platform continuously analyzes vast amounts of external data on security behaviors in order to help organizations make timely risk management decisions. Based in Cambridge, MA, BitSight is backed by Commonwealth Capital Ventures, Flybridge Capital Partners, Globespan Capital Partners, and Menlo Ventures. For more information, please visit www.bitsighttech.com or follow @BitSight on Twitter.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2602745
Kulesa Faul for BitSight Technologies
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Apr. 24, 2015 09:00 PM EDT Reads: 2,761
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, and for ARM and x86 devices on several IoT boards. It’s a Trend! This announcement comes just as...
Apr. 24, 2015 08:00 PM EDT Reads: 1,302
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
Apr. 24, 2015 05:30 PM EDT Reads: 2,959
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 24, 2015 03:00 PM EDT Reads: 4,383
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable older adults to live independent lives while staying connected to loved ones. M2M will continue to gr...
Apr. 24, 2015 03:00 PM EDT Reads: 1,454
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of Cloud and Mobile Strategy at GENBAND, will explore what is needed to take a real time communications ...
Apr. 24, 2015 03:00 PM EDT Reads: 1,748
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
Apr. 24, 2015 03:00 PM EDT Reads: 1,318
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements around Unified Networks, Cloud Computing strategies, Virtualization around Software defined Data Ce...
Apr. 24, 2015 02:30 PM EDT Reads: 1,697
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) application providers dating back to 2004. Cybozu's kintone.com is a leading global BYOA (Build Your O...
Apr. 24, 2015 02:00 PM EDT Reads: 1,468
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will meet your customers' needs of tomorrow - today! Ciqada. Let your products take flight. For more inform...
Apr. 24, 2015 01:00 PM EDT Reads: 1,863
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Apr. 24, 2015 01:00 PM EDT Reads: 2,461
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to offer disruptive APIs to developers.
Apr. 24, 2015 12:00 PM EDT Reads: 1,791
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
Apr. 24, 2015 12:00 PM EDT Reads: 1,613
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
Apr. 24, 2015 12:00 PM EDT Reads: 2,677
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Apr. 24, 2015 12:00 PM EDT Reads: 2,279
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling...
Apr. 24, 2015 11:30 AM EDT Reads: 2,483
SYS-CON Media announced today that @ThingsExpo Blog launched with 7,788 original stories. @ThingsExpo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @ThingsExpo Blog can be bookmarked. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
Apr. 24, 2015 11:00 AM EDT Reads: 2,477
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Apr. 24, 2015 11:00 AM EDT Reads: 2,047
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Apr. 24, 2015 11:00 AM EDT Reads: 2,057
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Apr. 24, 2015 11:00 AM EDT Reads: 1,997