BitSight Technologies - Experts & Thought Leaders

ODVA celebrated its 30th anniversary at its 23rd Annual Meeting of Members in Clearwater, Florida, USA on March 20, 2025. Since ODVA’s founding in 1995, the core Common Industrial Protocol (CIP) technology has evolved significantly and serves as the backbone of the pioneering EtherNet/IP automation network. The Annual Meeting was attended by over 100 industry pioneers from almost 40 companies and included keynotes from Pedro Umbelino, Principal Research Scientist, Bitsight Technologies on "Industry 4.0 Security: Protocols, Risks, Trends and Challenges" and from Craig Resnick, Vice-President, ARC Advisory Group on "Key Trends in Smart Manufacturing and Operational Resilience to Help Navigate Digital Transformation". ODVA’s future vision ODVA’s preceding 2025 Industry Conference covered industrial automation relevant topics ODVA’s preceding 2025 Industry Conference covered industrial automation relevant topics, including the EU Cyber Resilience Act and CIP Security, Artificial Intelligence (AI), IPv6 and EtherNet/IP, 5G and CIP Motion, Metadata for CIP devices, Carbon Neutrality and CIP Energy, EtherNet/IP In-Cabinet, Concurrent Connections, and more. The 23rd Annual Meeting concluded with an announcement regarding the newly elected ODVA leadership along with ODVA’s recent technical accomplishments and future vision. Requirements of the process industries EtherNet/IP has undergone significant transformation since the 22nd Annual Meeting by continuing to adapt to the requirements of the process industries and through adding additional security capabilities. EtherNet/IP now has expanded process device profiles that include RTD and thermocouple temperature along with level sensors, the ability to combine concurrent connections and CIP Safety, support for PA-DIM version 1.1, and a new device-based firewall and a pull model for configuration to CIP Security. This progress ensures that EtherNet/IP will maintain its leadership position through expanding covered applications and markets, increasing vendor interchangeability, supporting data models for ease of analysis and optimization, and continuing to bolster security to deter bad actors. Future developments of ODVA technologies IPv6 now makes up almost half of all Internet traffic, and the growing proliferation of IoT devices ODVA’s 23rd Annual Meeting followed a host of technical papers showcasing the potential future developments of ODVA technologies that were presented at the 2025 Industry Conference. These papers covered technologies, including IPv6, which will be included in the EtherNet/IP Specification soon after updates to the specification are finalized and published. IPv6 now makes up almost half of all Internet traffic, and the growing proliferation of IoT devices, sensors, and interconnected machinery on the OT floor demands more address space, which IPv4 cannot provide.  In addition to IPv6, presentations also covered: Tools available to enable time synchronization for 5G and how they relate to CIP Motion. CIP Security protections, including device identity management, secure communication protocols, and vulnerability mitigation, with a view to compliance with the EU Cybersecurity Resilience Act (CRA) and Machinery Safety Act An overview of the use of Artificial Intelligence (AI)/Machine Learning (ML) applications in the autonomous train market The potential addition of metadata to ODVA’s device description files to provide contextualized presentation of devices both off-line and on-line The potential for implementing Bluetooth for industrial use cases with CIP communications as the application layer interface for devices and software clients CIP Energy building blocks for real-time energy monitoring, dynamic demand-response capabilities, and energy optimization algorithms that are needed to reach carbon neutrality ODVA defined best practices for Concurrent Connections redundancy and a brief plan for the adoption and implementation of Concurrent Connections The protection of EDS files that are used to describe a CIP device The use cases that FCG – together with ODVA, PNO, and OPC Foundation – wish to address The expansion of the EtherNet/IP In-cabinet ecosystem A user’s perspective on wired EtherNet/IP network architectures

BitSight, the Standard in Security Ratings, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020. The World’s Most Innovative Companies list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s list features 434 businesses from 39 countries. “BitSight is transforming how the global marketplace measures and manages cyber risk,” said Stephen Boyer, Co-Founder and Chief Technology Officer at BitSight. “Earning a spot-on Fast Company’s Most Innovative list is a testament to BitSight’s unique ability to help our customers understand and achieve measurable cyber risk reduction in these uncertain times.” Cyber risk management programs BitSight earned a place on the list for its ability to transform how companies manage security risk by reducing information asymmetry and increasing transparency about cybersecurity through Security Ratings. BitSight Security Ratings are real-time, data-driven measurements of organizational security performance that help investors, insurers, companies, government agencies and regulators make informed, dynamic risk decisions impacting financial decisions, business relationships, and national security. BitSight’s latest innovations ensure organizations understand the cyber risk exposure of their own organization BitSight’s latest innovations ensure organizations understand the cyber risk exposure of their own organization and their third-party ecosystem. BitSight’s unique, industry-first Security Performance Management solutions – Peer Analytics, Enterprise Analytics, and Attack Surface Analytics – help organizations continuously measure and monitor security program performance and efficacy, allocate limited resources to focus on the areas that will have the greatest impact on their cyber risk management programs, and facilitate data-driven conversations around security that help maintain the trust of the marketplace. Future of innovation Fast Company’s editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. “At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company Senior Editor Amy Farley, who oversaw the issue with Deputy Editor David Lidsky.

BitSight, the Standard in Security Ratings, announced BitSight Enterprise Analytics, the latest Security Performance Management solution available on the BitSight platform. BitSight Enterprise Analytics helps security and risk leaders quickly gain insight into the impact of risk introduced at the organizational group level – from subsidiaries to business units and departments – enabling them to identify the areas of highest risk concentration within their organizations. The solution provides visibility into which groups have the biggest impact on their organizations' overall cyber risk posture and helps identify areas for security performance improvement. Simplifies security program monitoring The solution helps security and risk leaders simplify security program monitoring, managementLarge enterprises often consist of dozens to upwards of hundreds of distinct organizational groups including departments, business units, subsidiaries, centers, offices and more – and in some cases, located in disparate geolocations. Each of these groups has a unique structure, function and points of digital exposure, and consequently, a unique cyber risk level. This has historically made it difficult for security and risk leaders to pinpoint where exactly the greatest cyber risk exists across the entire organization. BitSight Enterprise Analytics takes the guesswork out of identifying risk concentration throughout and enhances security performance across distributed enterprise groups. The solution helps security and risk leaders simplify security program monitoring, management and reporting by aligning risk management and communication with the existing business structure. Access meaningful and objective data With BitSight Enterprise Analytics, businesses can access real-time, meaningful and objective data and metrics on organizational group-specific security performance across several categories of vulnerabilities and cyber incidents. Armed with this visibility, security and risk leaders can: Quickly Discover Group-Based Performance Deficiencies: BitSight Enterprise Analytics helps organizations uncover the factors within each enterprise group that most significantly impact the organization's overall security performance. More Effectively Allocate Security Resources: BitSight Enterprise Analytics allows an organization to accurately distribute resources and prioritize initiatives that are in line with the company's risk appetite and policy thresholds for the greatest impact on security performance improvement. Create Focused Improvement Plans: When used alongside BitSight's security performance projection and improvement model tool, BitSight ForecastingTM, BitSight Enterprise Analytics helps businesses create improvement plans by enterprise group for the greatest impact. Report More Impactfully to the Board: With BitSight Enterprise Analytics, security and risk leaders can measure and manage the security performance of their corporate structure and confidently report to senior executives and the board. Continuous monitoring of cybersecurity posture "Within the last month, regulators have issued billions of dollars in fines due to cyber insecurity; companies experiencing cyber incidents have lost billions in market capitalization. This is the new risk reality that senior executives and board members find themselves in today," said Dave Fachetti, SVP Corporate Strategy & CMO of BitSight. "BitSight Enterprise Analytics provides confidence to executives through data. It helps our customers gain insight into risk concentration and changes in potential risk impact throughout their organization over time to help them continuously monitor cybersecurity posture, measure security program performance and allocate limited resources to focus on the areas that will have the greatest impact on their cyber risk management programs."