Fitch warns an extended shutdown could hurt the U.S. credit rating

The Washington Post | January 09, 2019

As the partial U.S. government shutdown dragged into its 19th day, Fitch Ratings warned Wednesday that an extended shutdown might damage the country’s Triple-A credit rating if lawmakers are unable to pass a budget or manage the debt ceiling. While President Trump spars with Democratic leaders over $5.7 billion for a border wall and funding for nine government agencies, hundreds of thousands of workers are caught up in the shutdown, furloughed or working without being paid, and much of the federal government is paralyzed. The day after Trump took his fight for the wall to prime-time TV on Tuesday, Fitch’s global head of sovereign ratings, James McCormack, said that if the shutdown keeps lawmakers from being able to address the debt ceiling in early March, the inefficiency and ripple effects might do lasting damage to the country’s credit.

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Government Business, Cybersecurity

CoSo Cloud Secure Virtual Training Platform Achieves StateRAMP Authorization

businesswire | August 17, 2023

CoSo Cloud LLC (CoSo), a Class Technologies company, and leading provider of secure, private-cloud managed services and custom applications for high-consequence eLearning and virtual training, today announced its platform has received StateRAMP authorization for leading eLearning and virtual classroom offerings from Adobe® and Class Technologies. This milestone achievement enables all U.S. state government agencies reliant on public tax dollars to make assured investments in and harness the utmost level of secure technology for government training and education. StateRAMP is a critical cloud security assessment and authorization program designed to address the specific technology and compliance requirements of state and local governments. With this authorization, state government agencies and publicly funded educational institutions are now equipped with the highest levels of security and compliance, aligning seamlessly with the stringent requirements to protect government and citizen data. CoSo Cloud's StateRAMP authorization builds upon CoSo’s FedRAMP security authorizations for Federal Government agencies, and represents a significant industry advancement in secure eLearning and virtual training solutions, further reinforcing the company's position as a preeminent and trusted partner for public sector organizations. "The CoSo Secure Private Cloud Platform has the most secure and compliant authorizations in the industry,” said David Nelson, Head of Cyber Security at CoSo Cloud. “With the StateRAMP authorization, customers who rely upon Class and Adobe for virtual training and eLearning are now able to deploy their training and education initiatives with the utmost confidence and security." CoSo Cloud's StateRAMP-compliant offerings come equipped with robust data encryption, secure access controls, continuous monitoring and regular audits to ensure ongoing adherence to the highest security standards. As a result, government agencies can leverage the innovative tools that CoSo manages to optimize their workforce training, professional development, and educational programs without compromising on security or compliance. About CoSo Cloud CoSo Cloud LLC, a Class Technologies Inc. company, provides secure private-cloud managed services, custom software applications, and expert professional services for high-consequence virtual training and eLearning. Global enterprises and government agency customers rely on CoSo to complete their Adobe Connect, Adobe Learning Manager and Class solutions when security, compliance, and reliability requirements demand more from virtual meetings and learning management systems. CoSo Cloud is an Adobe, Class Technologies, SAP, and Zoom partner.

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Emerging Technology, Cybersecurity

OwnBackup Achieves FedRAMP® Authorized Designation

Businesswire | July 20, 2023

OwnBackup, the leading SaaS data protection platform, today announced it has achieved FedRAMP® authorization for its OwnBackup Government Cloud solution. With this authorization, OwnBackup is now listed on the FedRAMP® Marketplace, and is eligible to provide data protection services to all U.S. Federal Government customers. Established in 2011, FedRAMP® is a government-wide program that promotes the adoption of secure Cloud services across the Federal Government, forming a public-private partnership to promote innovation and the advancement of more secure information technologies. By achieving FedRAMP® authorization, OwnBackup has demonstrated that it meets the rigorous security and compliance requirements of the program to host sensitive information in the Cloud. “FedRAMP® authorization is a significant milestone for OwnBackup, and reaffirms our position as the market leader in SaaS data protection,” said Sam Gutmann, Chief Executive Officer at OwnBackup. “This designation allows us to bring our best-in-class solutions to Federal Government agencies, partnering with these vital organizations to accelerate their digital transformation goals, while ensuring that critical Federal Data and Metadata remains secure.” OwnBackup’s FedRAMP® announcement comes at a time when the U.S. Government is making cybersecurity a clear priority. Earlier this year, the Biden-Harris Administration announced a new National Cybersecurity Strategy focused on strengthening the Nation's digital infrastructure, emphasizing the importance of Cloud security and resilience, and protecting citizens and businesses from cyber threats. While no individual or company is immune to cyber threats, these attacks disproportionately target the public sector. The public sector manages a wide array of sensitive information, making it a popular target for cyber criminals. According to Verizon’s 2022 Data Breach Investigations Report (DBIR), the public sector had the second most attacks of any industry. With OwnBackup, U.S. Government Agencies can be better prepared to avoid disruption to critical services, ensure a continuity of operations, and uphold trust and confidence with the citizens that they serve. OwnBackup’s Data Protection Platform, which is used by over 6,000 customers across critical SaaS ecosystems, was designed with security in mind from its inception. OwnBackup’s solutions are architected with a variety of security controls across multiple tiers to address a range of security risks. About OwnBackup OwnBackup is a leading SaaS data protection platform for some of the largest SaaS ecosystems in the world, including Salesforce, Microsoft Dynamics 365, and ServiceNow. Through capabilities like data security, backup and recovery, archiving, and sandbox seeding, OwnBackup empowers thousands of organizations worldwide to manage and protect the mission-critical data that drives their business. Co-founded by seasoned data recovery, data protection, and information security experts, OwnBackup is a trusted independent software vendor (ISV) partner on the Salesforce AppExchange, AWS Marketplace, and Microsoft Marketplace. The Company is headquartered in Englewood Cliffs, New Jersey, with research and development (R&D), support, and other functions in Israel, EMEA and APAC. OwnBackup has raised over $500 million in venture funding, is ranked on the Forbes Cloud 100 as one of the world's top private cloud companies, and is the partner of choice for some of the world’s largest users of SaaS applications.

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Emerging Technology

Carahsoft, Coalfire, and Google Public Sector Partner on FedRAMP® Accelerator to Enable SaaS Providers Selling into the Federal Government

PR Newswire | July 03, 2023

Cybersecurity pioneer Coalfire, IT solutions provider Carahsoft Technology Corp., and Google Public Sector have entered into a partnership to accelerate FedRAMP Authority to Operate (ATO) certification and public sector opportunities for customers deployed on Google Cloud. Coalfire's FedRAMP expertise and offerings will be bundled and delivered to Google Cloud's state, federal, and institutional clients by Carahsoft, one of the public sector's largest solution providers, and its ecosystem of reseller partners and systems integrators. "With the Federal Risk and Authorization Management Program now the law of the land, achieving FedRAMP certification has quickly evolved from cost burden to exponential business opportunity," said Troy Bertram, managing director of Google Cloud's Public Sector Partner Ecosystem. "Whether or not our clients are selling into government markets or looking ahead to renewing contracts, Coalfire's disruptive services portfolio and ability to provide enterprise SaaS companies with FedRAMP advisory and assessment services that accelerate time to market is a mission-critical differentiator for government contractors." The collaboration enables Google Public Sector and Carahsoft clients to accelerate their digital transformation and enter new federal markets through Coalfire's FedRAMP advisory services. These offerings allow customers to quickly and cost-effectively understand gaps and build required architectures and documentation to achieve FedRAMP authorization, reducing the historically exorbitant financial barriers to entry that FedRAMP was known for. Once clients achieve ATO, they are positioned to sell across multiple agencies (not just one), and with the Coalfire/Google Public Sector/Carahsoft solution, clients retain ownership of all technology deliverables. "The FedRAMP roadmap leads to a threat-informed approach to risk management, and the FedRAMP Authorization Act passed in December of last year opens new opportunities for companies to test once and certify many times with reciprocity among agencies," said Carahsoft President Craig P. Abod. "From gap and desired architecture analysis to audit-ready, this partnership with Coalfire enables Carahsoft technology partners operating in Google Cloud to confidently accredit and deploy FedRAMP-compliant environments within an accelerated timeline. Carahsoft and its ecosystem of partners are excited for the opportunity to offer public sector customers a greater variety of FedRAMP-certified solutions deployed on Google Cloud to achieve their mission goals." "Bringing disruptive and cost-effective FedRAMP services to companies on or considering Google Cloud through channel leader Carahsoft now enables customers to accelerate or expand their sales opportunities with the federal government," said Coalfire CEO Tom McAndrew. "As a FedRAMP pioneer, we have a 100% pass rate on FedRAMP environments we've built. This partnership enables a faster, more cost-effective path for companies considering FedRAMP." Coalfire has a well-established relationship with Carahsoft and a long history of serving as the trusted FedRAMP auditor and assessment body for Google Cloud. "Whether required or not, FedRAMP is a business opportunity, and every cloud services and SaaS provider should have a FedRAMP strategy," said Jeff Rector, head of worldwide channels and partnerships at Coalfire. "We're excited to take this next step with Google Public Sector and Carahsoft as we work together to help our customers manage and monetize the FedRAMP opportunity." About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com About Coalfire The world's leading organizations – including the top five cloud service providers and leaders in financial services, healthcare, and retail – trust Coalfire to elevate their cyber programs and secure the future of their business. Number one in compliance, FedRAMP®, and cloud penetration testing, Coalfire is the world's largest firm dedicated to cybersecurity services, providing unparalleled technology-enabled professional and managed services. To learn more, visit Coalfire.com.

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