Stephen is the Co-founder and Chief Technology Officer at BitSight. Prior to BitSight, Stephen was President and Co-founder of Saperix (acquired by Firemon), a company spun out of the MIT Lincoln Laboratory focused on vulnerability and network topology risk analysis. At MIT he led R&D programs solving large-scale national cybersecurity problems.
BitSight co-founder and CTO Stephen Boyer joined Cloud Computing News to discuss risk quantification, ransomware, and the industry at large.
Most of all its impacted insurance pretty dramatically, causing premiums to go up but coverage to go down, meaning companies are paying more for less to cover the losses insurers are taking. We wrote a report on the rise of ransomware back in 2016 and since then its only continued to increase, hitting a huge crescendo this year with the onset of remote work, digital transformation, and digital currencies making it monetisable.