How to keep from becoming a safety statistic

by Christopher Elliott

May 15, 2016

USA Today

Summer travelers worry about terrorism and Zika and unrest, but maybe they should look a little closer for the real threat.

Maybe they should look in a mirror.

“Travelers leave their laptop open and unlocked while they go to the bar or bathroom,” says security strategist Ben Johnson. “They read off credit card and passport numbers over the phone, in public.”

A survey by Experian revealed nearly one in five travelers lost sensitive information on the road, and 30% said they experienced identity theft while traveling or know someone who has. It gets worse if you cross a border. International travelers are 1 1/2 times more likely to become victims of identity theft than domestic travelers, a LifeLock study found.

The consequences of their carelessness can be immediate and catastrophic. Travelers are quick to blame everyone but themselves for data loss or ID theft. The app had a security flaw! The Wi-Fi network wasn’t secure! There were strangers overhearing my conversation in the hotel lobby! But this summer, the best way to stay safe lies within.

What to do? Easy. Just observe your fellow travelers and learn from their mistakes.

Johnson, a former NSA employee who co-founded the security consulting firm Carbon Black, has seen travelers carelessly log onto a wireless network that may not have been the hotel’s official one (yes, they let him watch). He’s even seen hotel guests leave electronics, such as laptops and USB keys, in their room, leaving their most sensitive information vulnerable to theft.

Patti Reddi witnessed some pretty outrageous things, too. Like posting a photo of your boarding pass on social media. Duh. “Your boarding pass contains sensitive information like your frequent-flier number, record locator and more,” says Reddi, who writes a travel blog. Plus, there’s no better way of tipping off a thief that you’re not home than with a confirmed boarding pass that says, “I’m away.”

The lack of attention can hurt you. Jaclyn Goldman met a man at a hotel bar who was sobbing uncontrollably. What happened? Goldman, a sales executive, says the man had given two women his last name and room number.

(Full Article)

 

Term Sheet — Thursday, May 12

Some notes to kick off National Limerick Day…

• Where’s my union card?joint letter was sent yesterday by eight groups (including the AFL-CIO, American Federation of Teachers and Americans for Financial Reform) to U.S. Treasury Secretary Jack Lew and IRS officials, decrying tax “abuse” related to private equity portfolio company monitoring fees (including acceleration clauses). And more than one third of the footnotes are to items I’ve written in Term Sheet and/or at Fortune.com, plus an additional in-text mention.

From the letter:

“First, the improper deduction of monitoring fees deprives the U.S. government of hundreds of millions if not billions of legally owed tax revenue each and every year; this requires the government to make up the difference in the form of higher taxes on honest taxpayers. Second, the improper deduction of monitoring fees also facilitates private equity’s business model of stripping large amounts of capital out of operating portfolio companies, which impedes their growth and makes them more susceptible to financial failure…

Nobody pays millions of dollar for services while allowing the service provider to decide whether it will actually do any work. Nobody allows a service provider to unilaterally terminate a service agreement and still receive the full value of the entire remaining contract. In fact, these monitoring fees are in reality disguised dividends. “

(Full Article)

Threat Detection Company Pwnie Express Raises $12.9M in Series B Funding

May 12, 2016

By Aimee Rhodes

Security Current

Threat detection company Pwnie Express announced that it raised $12.9 million in a Series B round led by Ascent Venture Partners with investments from MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET).

Headquartered in Massachusetts, Pwnie Express provides continuous threat detection for wireless and wired devices in and around the workplace, which are potentially open pathways for attackers.

“Pwnie Express is uniquely positioned to deliver the device detection, identification and threat assessment platform required to secure business-critical data and infrastructure,” said Matt Fates, General Partner at Ascent Venture Partners who will be joining Pwnie’s board of directors.

Founded in 2009, Pwnie Express has raised $18 million in total funding. It did not specify what the funds would be for.

(Full Article)

Ascent leads $12.9 mln Series B in threat detection platform Pwnie Express

May 11, 2016

By Eamon Murphy

PE Hub Network

Ascent Venture Partners led a $12.9 million Series B funding round in Pwnie Express, a device threat detection provider. MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies also participated.

Press Release

Pwnie Express, the leading provider of device threat detection, today announced a $12.9 million Series B round of funding, led by Ascent Venture Partners with investments from MassMutual Ventures LLC and existing investors .406 Ventures,Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET). This new investment will enable Pwnie Express to meet strong demand for its platform and accelerate its aggressive growth strategy.

“As BYOD and the Internet of Things become an integral part of business IT, there is a huge need to protect businesses from the threats created by all these new devices,” said Matt Fates, General Partner at Ascent Venture Partners. “Pwnie Express is uniquely positioned to deliver the device detection, identification and threat assessment platform required to secure business-critical data and infrastructure.” In addition to Ascent leading the new round of financing, Matt Fates will join Pwnie Express’s board of directors.

Pwnie Express is the market leader in addressing the threat landscape related to BYOD, IoT and rogue devices in the enterprise. Pwnie’s SaaS platform is unique in its ability to detect, identify, assess and respond to device threats, providing security professionals unprecedented visibility and control over the devices in and around their networks.

“I am thrilled to have Ascent and MassMutual Ventures as new investors, as well as the continued support from .406 Ventures, Fairhaven Capital and VCET. Having the financial and strategic support of these leading security investors further validates both our market opportunity and growing momentum as a company,” said Paul Paget, CEO of Pwnie Express. “We have assembled a very talented team and this investment puts us in a unique position to meet the growing demand for our platform driven by the dramatic shift in the device demographics of the enterprise.”

“We are excited to join the Pwnie Express team as they lead the way in addressing emerging threats related to the wireless workplace,” said Mark Goodman, Managing Director of MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company. “Cybersecurity plays an integral role in MassMutual’s overall corporate mission of helping people secure their future and protect the ones they love.”

(Full Article)

New Money: Pwnie Express Raises $12.9M Series B

May 11, 2016

By Dylan Martin

BostInno

New Money is BostInno’s report on all the tech funding deals this week. Check back for updates, or get a daily dose of Boston startup funding news in The BostInno Beat

Pwnie Express, Boston

  • Amount: $12.9 million Series B
  • Investors: Led by Ascent Venture Partners, with participation from new investor MassMutual Ventures and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies.
  • Details: Pwnie Express is an Internet-of-Things security company helps protects organizations from security threats coming through connected devices through its Pulse software-as-a-service platform. In addition to the funding, the company also announced the appointment of three new executives: CFO Kasha Gauthier, who was previously at EMC’s RSA division; VP of sales and services Bo Thurmond, who was previously at Digital Lumens; and VP of marketing Dimitri Vlachos, who was previously at ObserveIT. Pwnie Express CEO Paul Paget said sales tripled in Q1 from the same quarter last year, and that it has reached over 100 customers.
  • Press release 

(Full Article)

Pwnie Express Announces $12.9 Million in Series B Funding

May 11, 2016

By Dark Reading

Ascent Venture Partners leads funding round with participation from MassMutual Ventures to accelerate growth for IoT and BYOD cyber security leader

Boston, MA — May 11, 2016 — Pwnie Express, the leading provider of device threat detection, today announced a $12.9 million Series B round of funding, led by Ascent Venture Partners with investments from MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET). This new investment will enable Pwnie Express to meet strong demand for its platform and accelerate its aggressive growth strategy.

“As BYOD and the Internet of Things become an integral part of business IT, there is a huge need to protect businesses from the threats created by all these new devices,” said Matt Fates, General Partner at Ascent Venture Partners. “Pwnie Express is uniquely positioned to deliver the device detection, identification and threat assessment platform required to secure business-critical data and infrastructure.” In addition to Ascent leading the new round of financing, Matt Fates will join Pwnie Express’s board of directors.

Pwnie Express is the market leader in addressing the threat landscape related to BYOD, IoT and rogue devices in the enterprise. Pwnie’s SaaS platform is unique in its ability to detect, identify, assess and respond to device threats, providing security professionals unprecedented visibility and control over the devices in and around their networks….

(Full Article)

Pwnie Express Raises $12.9M In Series B Funding

May 11, 2016

By VentureFizz

Pwnie Express, the leading provider of device threat detection, today announced a $12.9 million Series B round of funding, led by Ascent Venture Partners with investments from MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET). This new investment will enable Pwnie Express to meet strong demand for its platform and accelerate its aggressive growth strategy.

“As BYOD and the Internet of Things become an integral part of business IT, there is a huge need to protect businesses from the threats created by all these new devices,” said Matt Fates, General Partner at Ascent Venture Partners. “Pwnie Express is uniquely positioned to deliver the device detection, identification and threat assessment platform required to secure business-critical data and infrastructure.” In addition to Ascent leading the new round of financing, Matt Fates will join Pwnie Express’s board of directors…

(Full Article)

Pwnie Express Raises $12.9M in Series B Funding

By FinSME’s

May 11, 2016

Pwnie Express, a Boston, MA-based provider of device threat detection solutions, raised $12.9m in Series B funding.

The round was led by Ascent Venture Partners with participation from MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET).

The company intends to use the funds to build out its sales, marketing and engineering teams.

Led by Paul Paget, CEO, Pwnie Express provides a SaaS platform to detect, identify, assess and respond to device threats, providing security professionals with visibility and control over wireless, wired and Bluetooth devices in and around their networks.
The company currently serves over 100 customers from a wide range of industries, including financial services, healthcare, government, energy, manufacturing and retail.

(Full Article)

Pwnie Express Rides Off With $12.9M to Hunt Rogue Devices

by Gregory T. Huang

Xconomy

May 11, 2016

Warning: everything you thought you knew about corporate cybersecurity is about to change.

That’s according to Paul Paget, the CEO ofPwnie Express, a Boston-based startup that makes software and hardware for detecting unauthorized devices in the vicinity of a corporate network.

Paget came up through IBM and Lotus before heading up two previous companies, Savant Protection and Core Security, as CEO. “Everything we learned about how to secure an organization is being totally undermined by this shift in the ownership of computer assets,” he says. “It’s going to change dramatically, in the next three to five years, how security is done inside organizations.”

(Full Article)

Pwnie Express Raises $12.9M to Secure the Internet of Things

By Cat Zakzewski

May 11, 2016

Wall Street Journal

As concerns grow about the security risks associated with the Internet of Things, investors are betting on companies like Pwnie Express Inc. that say they can mitigate them.

The company raised $12.9 million in Series B Funding, led by Ascent Venture Partners with participation from MassMutual Ventures LLC, .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies.

(Full Article)