CBO says House Speaker Nancy Pelosi’s drug pricing plan saves Medicare $345 billion over decade

CNBC | October 15, 2019

House Speaker Nancy Pelosi’s bill to lower prescription drug prices would save Medicare $345 billion over 10 years, according to a preliminary analysis from the nonpartisan Congressional Budget Office. The savings wouldn’t begin until 2023, assuming the bill gets passed by both the House and Senate and signed by President Donald Trump before the end of this year, the CBO said in the report released late Friday. The greatest savings would come in 2028 at $93 billion, according to the CBO, an independent agency that reviews congressional spending.

Spotlight

Stats SA recently released a complete overview of total government spending for 2015/16, providing insight into where your tax contributions have gone. Did you know that more money was spent on the police than on primary education, and more on defence than on environmental protection? Have a look at this infographic for more.

Spotlight

Stats SA recently released a complete overview of total government spending for 2015/16, providing insight into where your tax contributions have gone. Did you know that more money was spent on the police than on primary education, and more on defence than on environmental protection? Have a look at this infographic for more.

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EMERGING TECHNOLOGY

BAE Systems and Purisolve launch Promoveo Solutions joint venture

BAE Systems | November 25, 2022

BAE Systems and IT services company Purisolve, Inc. have combined forces to form a joint venture (JV), Promoveo Solutions. The JV is an outgrowth of a U.S. Small Business Administration-approved mentor-protégé agreement between BAE Systems and Purisolve, a historically under-utilized business zones (HUBZone) certified small business. Promoveo will initially focus on competing to support the Department of Treasury, leveraging Purisolve’s 15 year history with the department, and BAE Systems’ expertise as a top government contractor. The Atlanta-based company will provide federal agencies an opportunity to meet their small business contracting goals for HUBZone contracts. “Promoveo means to move forward, As the name suggests, with our experience as a leading systems integrator and Purisolve’s expertise in strategic IT support, this JV is poised to provide forward-thinking IT services to the federal government.” -Al Whitmore, BAE Systems’ Intelligence & Security sector president. Purisolve’s owner and President Wallace Jones added, We are excited about working with BAE Systems and enjoying many years of shared success. About BAE Systems, Inc: BAE Systems, Inc. and its 34,000 people are part of a global defense, aerospace, and security company. We deliver products and services for air, land, sea and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. Our dedication shows in everything we design, produce, and deliver— to protect those who protect us in a high-performance, innovative culture. We push the limits of possibility to provide a critical advantage to our customers where it counts. About Purisolve, Inc: Purisolve, founded in 2007, is a professional services consulting firm specializing in client solutions to improve information management, data analytics, and business intelligence. Purisolve is committed to helping clients become strategic data-driven organizations to increase revenues, reduce costs, or improve efficiencies. Purisolve, was derived by combining two words: “purity” and “solutions”. The word “purity” represents unblemished integrity, including professionalism and work ethic, which is a core value of our firm. The word “solutions” is a simple term that represents innovation and customer-focused results for solving problems.

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EMERGING TECHNOLOGY, CYBERSECURITY

OpenText partners with MAD Security to improve response time to cyberthreats and shrink the attack surface

Open Text Corporation | October 20, 2022

Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a global leader in information management with an extensive security solution portfolio, announced a partnership between OpenText Network Detection & Response (NDR) technology and MAD Security. This joint solution from OpenText and MAD Security will empower customers to cut false positive security alerts significantly and protect sensitive government data against advanced cyber threats. MAD Security, a managed security service provider (MSSP) that helps contractors and other small and medium sized enterprises detect potential breaches and prevent attackers from disrupting operations or exfiltrating data, knows firsthand that government contractors are a prime target for cyber-attacks, from phishing and social engineering to malware and ransomware. To strengthen its cybersecurity capabilities, MAD Security decided to augment its offering with NDR capabilities. The aim was to continuously monitor and analyze raw enterprise network traffic, creating a baseline of network behavior that would help analysts hunt down emerging threats faster. "In the past, MAD Security has relied on an anomaly-based intrusion detection system to find indicators of compromise (IOCs). While this approach was effective for analyzing north-south traffic across small networks, it was a challenge to pinpoint IOCs across larger networks with significant volumes of east-west traffic, If we could reduce the time our analysts spent drilling down into the data, we could accelerate our response and improve cost efficiency—ultimately providing a more competitive service. Working with OpenText, we can now detect and correlate events, investigate the data and notify the client in an average of just 6.5 minutes—less than half of SLA." -Jeremy Conway, CEO at MAD Security. MAD Security selected OpenText NDR because of the level of visibility it provides. The company can now look beyond individual subsets of endpoint and log data to build up a clear picture of what happened and when during an attack—even if the network traffic is encrypted. MAD Security uses OpenText NDR to make sure remediation efforts are successful, for example, by monitoring for new IOCs during its cleanup effort to detect whether the attacker is changing tactics or switching to an alternate toolset. An end-to-end network security platform, OpenText NDR simplifies network threat detection by combining smart packet capture (Smart PCAP) and rich network metadata generation, delivering a clear view of even the most complex networks. With OpenText NDR, MAD Security can gain insights faster than ever through deep packet inspection, behavioral anomaly detection, IOC matching, and AI-powered analytics. "We are thrilled to be able to count MAD Security among our many incredible customers and are proud to see not just our solutions working for the organization but also be part of its growth and success, By supporting MAD Security with OpenText NDR, we were able to help the company achieve its growth target while keeping its analyst team lean." -Muhi Majzoub, Executive Vice President and Chief Product Officer at OpenText. About OpenText: OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions.

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EMERGING TECHNOLOGY,CYBERSECURITY

IronNet Prioritized by FedRAMP Joint Authorization Board to Pursue Provisional Authority to Operate

IronNet | December 06, 2022

IronNet, Inc. (NYSE: IRNT), an innovative leader Transforming Cybersecurity Through Collective DefenseSM, announced today it has been prioritized by the United States Federal Risk and Authorization Management Program (FedRAMP) to pursue a Provisional Authority to Operate (P-ATO) from the Joint Authorization Board (JAB). 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 and risk assessment for cloud technologies and federal agencies. As the primary governance and decision-making body for FedRAMP, the JAB is comprised of the Chief Information Officers from the Department of Homeland Security, General Services Administration, and Department of Defense. “Prioritization to pursue a P-ATO is an important step towards expanding the deployment of the IronNet Collective Defense platform into more federal agencies. As cyber attacks become increasingly more sophisticated, any organization that is still attempting to defend its networks alone is accepting unnecessary risk, Our unique Collective Defense platform includes advanced behavioral analytics and leverages a sophisticated expert system to reduce false positives in order to defend against global cyber attacks. We’re committed to the FedRAMP process to deliver this protection to government agencies at scale as we continue working together to strengthen our nation’s cyber defense.” -General (Ret.) Keith Alexander, CEO and Founder of IronNet. The goal of the FedRAMP program is to grow the use of secure cloud technologies in use by government agencies and enhance the framework by which the government secures and authorizes cloud technologies. IronNet is pursuing FedRAMP High certification to help protect the government’s most sensitive, unclassified data in cloud computing environments. The IronNet Collective Defense platform, powered by AWS, identifies anomalous behaviors and delivers actionable attack intelligence to all the other participants in the IronNet community. The Collective Defense platform serves as an early warning system for all participating companies and organizations, strengthening network security through correlated alerts, automated triage, and extended hunt support. About IronNet, Inc: Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today.

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