EMERGING TECHNOLOGY,CYBERSECURITY
Forcepoint | September 28, 2022
Global security leader Forcepoint announced that the Federal Risk and Authorization Management Program (FedRAMP®) has approved the Forcepoint ONE all-in-one cloud platform. FedRAMP is a U.S. government-wide program that certifies that cloud-based software can be trusted to secure and accelerate cloud adoption for federal agencies. Forcepoint’s “Authorized” designation from FedRAMP indicates that Forcepoint ONE meets 325 security controls for NIST 800-53 compliance requirements.
“As a trusted security partner and advisor to the government for over 30 years, Forcepoint’s Authorized certification shows how seriously we take our covenant with our federal customers, The FedRAMP authorization process assures agencies that Forcepoint ONE’s security and access controls meet the high standards required to protect government systems and infrastructure. Simplifying security through Forcepoint’s unique Data-first SASE approach gives agency leaders greater confidence that they can easily adopt Zero Trust, control access and data use, and take advantage of cloud transformation efforts without wasting time, effort, and money.”
-Sean Berg, President of Global Governments and Critical Infrastructure for Forcepoint.
Forcepoint ONE is the converged, cloud-delivered platform for Security Service Edge (SSE, the security component of SASE) that protects agency employees and contractors working remotely as they use web, cloud and private applications. Forcepoint’s all-in-one cloud platform enables security teams to manage one set of policies via a single console for cloud-delivered gateway technologies like Cloud Access Security Broker (CASB), Secure Web Gateway (SWG), and Zero Trust Network Access (ZTNA). Integrated, inline threat protection and DLP provide consistent control for many types of users from government employees to partners, to prevent malware, and stop loss or misuse of sensitive data.
CASB provides identity-based access controls so people on managed or unmanaged devices can easily and safely use government-sanctioned cloud apps. Forcepoint’s unique reverse proxy technology also makes it easy to securely connect personal devices of employees, consultants, contractors, and auditors.
SWG monitors and safeguards interactions with any website. This includes blocking access to websites based on category, blocking downloads of malware, blocking uploads of confidential data to personal accounts, and detecting shadow IT. Forcepoint SWG features a unified agent that runs locally on Windows and macOS devices to enable smart routing of web traffic, offering up twice the throughput of competitors.
ZTNA controls access to private applications hosted behind a firewall from both managed devices and BYOD, without needing VPNs. ZTNA and CASB together deliver identity-based access controls for internal apps and cloud apps seamlessly, providing them side by side through the same SSO page to simplify the user experience.
DLP consistently protects sensitive data across the cloud, the web, and private apps, even agentlessly, all from one console.
About Forcepoint:
Forcepoint simplifies security for global businesses and governments. Forcepoint’s all-in-one, truly cloud-native platform makes it easy to adopt Zero Trust and prevent the theft or loss of sensitive data and intellectual property no matter where people are working. Based in Austin, Texas, Forcepoint creates safe, trusted environments for customers and their employees in more than 150 countries.
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EMERGING TECHNOLOGY,CYBERSECURITY
Ermetic | September 15, 2022
Ermetic, the cloud infrastructure security company, today announced that it has initiated the process to achieve Authority to Operate (ATO) status under the Federal Risk and Authorization Management Program (FedRAMP). FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.
The company also announced the appointment of Ben McGucken as regional vice president of sales for US Federal and Latin America, who will lead the company’s FedRAMP certification. In addition, the Ermetic cloud security platform now supports AWS GovCloud (US) and Azure for US Government – which are designed to address specific regulatory and compliance requirements of US government agencies at the federal, state, and local level that run sensitive workloads in the cloud.
The company has engaged stackArmor, Inc, a leading provider of FedRAMP engineering and advisory services, to guide Ermetic through the FedRAMP ATO process. stackArmor and its team of experts have over a decade of experience assisting cloud service providers to ensure their solutions meet compliance standards including FISMA, FedRAMP and NIST.
“We are pleased to partner with Ermetic on their FedRAMP journey toward an ATO, stackAmor's ThreatAlert is an integrated suite of security and compliance services deployed within the accreditation boundary. This also includes continuous monitoring designed to help companies like Ermetic reduce the level of effort and costs while accelerating the FedRAMP process.”
-Martin Rieger, Chief Solutions Officer for stackArmor.
Federal, state and local governments are using the cloud to provide better services for constituents, but need to address security risks, especially those associated with preventing breaches, detecting issues rapidly, and protecting personal information, said Shai Morag, CEO of Ermetic. Ermetic is embarking on the FedRAMP process to provide every level of government with a comprehensive solution for cloud native application protection.
Ben McGucken joined Ermetic from data security vendor BitGlass where he was AVP of Sales for South and Latin America. He has also served in senior sales roles with ExtraHop, Palo Alto Networks and Layer 3 Communications.
“Ermetic already supports AWS GovCloud and Azure for Government for customers that want to conduct proof of concept evaluations, As we move through the FedRAMP authorization process, government agencies can feel confident that the Ermetic platform is designed to meet the regulatory and compliance requirements they must comply with for cloud workloads.”
-Ben McGucken regional vice president of sales for US Federal and Latin America.
About Ermetic:
Ermetic helps prevent breaches by reducing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complex environments. The Ermetic SaaS platform provides comprehensive cloud security for AWS, Azure and GCP that spans both cloud infrastructure entitlements management (CIEM) and cloud security posture management (CSPM). The company is led by proven technology entrepreneurs whose previous companies have been acquired by Microsoft, Palo Alto Networks and others. Ermetic has received funding from Accel, Forgepoint, Glilot Capital Partners, Norwest Venture Partners, Qumra and Target Global.
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GOVERNMENT BUSINESS
Parker | July 20, 2022
Parker Hannifin Corporation (NYSE:PH) today welcomes the announcement from the UK’s Secretary of State for Business, Energy and Industrial Strategy that, following public consultation, he accepts the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the “Acquisition”).
Parker also confirms that it has signed legally binding economic commitments with the UK Government. These commitments include maintaining the following, for five years after the closing of the Acquisition (“Undertaking Period”):
Meggitt’s headquarters and its aerospace and advanced materials center of excellence in Ansty Park, in Coventry, UK;
Meggitt’s key areas of existing operational capability in the UK;
R&D (including product engineering) and manufacturing labor headcount in the UK;
Meggitt’s sustainability targets of reducing net carbon emissions by 50 per cent, by 2025; and achieving net zero greenhouse gas emissions by 2050; and
Contractual obligations regarding supply of goods and services to HM Government.
Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitt’s R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent.
“We are pleased to have reached this important clearance milestone from the UK Secretary of State, We have also agreed to substantial legally binding commitments, which underscore our deep commitment to the UK. As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.”
-Tom Williams, Chairman and Chief Executive Officer, Parker.
The Acquisition remains subject to satisfaction or, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. Parker continues to expect the Acquisition to close in Q3 2022.
About Parker-
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
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