Bitsight Technologies has set to acquire Cybersixgill for a deal worth $115M, a startup that collects information about hacker activities.
Bitsight platform capable of mapping out a company’s technology assets, scanning them for cybersecurity issues, and then rank the discovered vulnerabilities by severity.
Bitsight has an analytics engine that enables organizations to identify areas for improvement in their breach prevention programs and check how they compare against industry peers.
Cybersixgill provides a cloud-based threat intelligence platform that gives organizations access to data about hacking campaigns that they can use to inform their breach detection and mitigation efforts.
The platform collects several million data points daily from about 1,000 hacker forums and marketplaces. Cybersixgill algorithms gather records such as deleted posts that are often difficult for other threat intelligence platforms to access. Cybersixgill IQ distills the raw data collected by the company into natural language summaries that are easier for information technology teams to analyze.
Customers can customize the feeds using a built-in alerting tool, and administrators can have Cybersixgill notify them if records belonging to employees or customers shows up in a hacker forum. When researchers discover a vulnerability in a software product, the platform correlates it with external data points to determine what risk it may pose to a company’s systems.
Bitsight plans to integrate Cybersixgill’s technology into its software portfolio after the acquisition closes.Bitsight will apply Cybersixgill’s AI features to its internal repository of cybersecurity data.
