Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession

Reuters | August 12, 2019

Goldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election. “We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,” the bank said in a note sent to clients. U.S. President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products.

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EMERGING TECHNOLOGY

Mendix Earns FedRAMP 'In Process' Designation for its Low-Code Enterprise Application Development Platform for Government Customers

PR Newswire | June 02, 2023

Mendix, a Siemens business and global leader in low-code application development for the enterprise, today announced Mendix Cloud for Government has taken a critical step toward achieving full authorization through the Federal Risk and Authorization Management Program (FedRAMP®), receiving the "In Process'' designation. Under the sponsorship of the Centers for Disease Control and Prevention, Mendix Cloud for Government now moves closer to achieving full "Authorization to Operate" status, with a rigorously tested system security plan, available to any government agency seeking cost-saving, time-efficient, rapidly deployable and secure low-code applications. FedRAMP promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies. Mendix is being utilized today by the Centers for Disease Control and Prevention's National Institute for Occupational Safety and Health (NIOSH). Mendix is a cloud-agnostic platform that runs on AWS GovCloud (US) and is managed by Siemens Government Technologies (SGT). As such, Mendix empowers public sector customers to deploy their technology stack via public or private cloud, on premises, at the edge, or in hybrid configurations. These capabilities, along with an extensive catalog of certified workflows and customized components, are packaged in Mendix Cloud for Government as a vertical solution at the FedRAMP Moderate impact level. "Our successful participation in FedRAMP builds upon the importance that Mendix places on digital trust and security," said Tim Srock, CEO at Mendix. "In a regulated environment, FedRAMP validates the trustworthiness, safety, and reliability of our platform for building solutions that support internal government operations and e-government services for citizens. It sends a strong signal to our global partners, systems integrators, and enterprises supplying the federal government that Mendix continues to prioritize security, data privacy, and risk management for cloud-based operations at the highest level." John Ustica, president and CEO, Siemens Government Technologies, said: "As the cloud service provider supporting Mendix Cloud for Government, we are excited to broaden our cloud portfolio of solutions and services for government customers to help them address increasingly complex missions and service delivery environments in the most secure way possible." The pandemic-related demand for digital-first channels and expanded e-government services in the public sector proved to be a historic tipping point. Governments now face accelerated demands and legal directives to modernize legacy networks, expand interagency collaboration, and streamline delivery of critical services to constituents. Analysts predict that cloud-based spending by the U.S. government, already the world's largest buyer of IT solutions, will skyrocket, nearly doubling from 2019's $5.3 billion for cloud computing goods and services to $9.1 billion by 2024. Extensive controls to safeguard cloud-based innovation Public sector agencies are using cloud-based applications to integrate innovative technologies such as AI, hyper automation, and IoT connectivity into digital solutions to address tomorrow's needs for civic resource management, environmental sustainability, economic development, and community health. In an era when headlines regularly report the latest cyberattack or data breach, public sector CIOs and IT managers can only be confident unlocking these benefits when they know that highly sensitive data is protected system-wide at an acceptable level of risk. "As a cloud-native company, Mendix understands the paramount importance of security and end-user trust," said Frank Baalbergen, Mendix's chief information security officer. "Security and compliance is embedded across the entire platform architecture and infrastructure." Prior to receiving FedRAMP 'In Process" designation, Mendix had already obtained the highest level of independent security certifications of any low-code software development vendor. Mendix is a member of the global Charter of Trust, a nonprofit educational and advocacy forum initiated by Siemens at 2018's Munich Security Conference to advance the highest standards of cybersecurity and digitalization. Mendix also works closely with CrowdStrike, a third-party endpoint security software as a service, and Lacework, a data-driven security platform for the cloud, and HackerOne, an ethical "white hat" vulnerability coordination program that searches technology stacks for cyber risks before they are exposed for public use. About Mendix In a digital-first world, customers want their every need anticipated, employees want better tools to do their jobs, and enterprises know that sweeping digital transformation is the key to survival and success. Mendix, the low-code engine of the Siemens Xcelerator platform, is quickly becoming the application development platform of choice to drive the enterprise digital landscape. Mendix's industry-leading low-code platform, dedicated partner network, and extensive marketplace support advanced technology solutions that boost engagement, streamline operations, and relieve IT logjams. Built on the pillars of abstraction, automation, cloud, and collaboration, Mendix dramatically increases developer productivity and engages business technologists to create apps guided by their particular domain expertise. Mendix empowers enterprises to build apps faster than ever; catalyzes meaningful collaboration between IT and business experts; and maintains IT control of the entire application landscape. Consistently recognized as a leader and visionary by leading industry analysts, the platform is cloud-native, open, extensible, agile, and proven. From artificial intelligence and augmented reality to intelligent automation and native mobile, Mendix and Siemens Xcelerator are the backbone of digital-first enterprises. The Mendix low-code platform is used by more than 4,000 enterprises in 46 countries and has an active community of more than 300,000 developers who have created over 200,000 applications.

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EMERGING TECHNOLOGY, CYBERSECURITY

Cynamics, Pioneer of Sample-based Network Detection and Response, Partners with Merlin Cyber to Meet Increasing Demand from US Federal Government

Prnewswire | April 20, 2023

Cynamics, the AI-driven cybersecurity company, is partnering with Merlin Cyber to bring its novel, sample-based network detection and response (NDR) solution to the rapidly expanding US federal government market. A new subsidiary launched with Merlin, Cynamics Federal, will be wholly dedicated to bringing this NDR solution to the federal market, helping US government agencies safeguard critical and sensitive information from ever-growing threats. Working closely with US government agencies, Cynamics last month identified a new range of critical vulnerabilities within current protection layers. These findings, along with Cynamics' state-of-the-art proven NDR technologies, will be showcased at the RSA conference on April 24-27 in San Francisco. "Cynamics has already been working closely with government agencies across the US, and we are excited to introduce our low-touch, built-for-scale NDR solution to the federal government in cooperation with Merlin Cyber," said Eyal Elyashiv, CEO and Founder of Cynamics. Analogous to the accuracy of taking a blood sample, Cynamics' cloud-based solution collects less than 1% of network flow samples and uses its AI technologies to provide 100% network coverage and threat prediction for any network size and environment. Recently, Gartner highlighted Cynamics as an NDR "emerging vendor" leveraging packet sampling as a new data-collection approach. This unique method discovers network blind spots, exposes potential backdoors, identifies anomalous behavior, and enables quick and straightforward remediation. According to Elyashiv, no other solution currently has this capability while being built-to-scale for the US federal government and the largest and most complicated networks in the world. The solution is deployed in a frictionless way within minutes, without installing a single appliance or agent, and begins to deliver valuable insights within hours from onboarding, using only network metadata and without collecting, processing, or analyzing any sensitive or private information, which is a key advantage for the federal audience. This vastly reduces supply chain vulnerabilities. Cynamics has hundreds of clients across the public and private sectors, of different domains, sizes, and geographies. Deep cyber expertise is not required to use and manage the solution, which makes the technology easier for government agencies to deploy. Casting light on a little-known vulnerability, Elyashiv said that the fact that legacy mDNS (multicast DNS) and LLMNR (Link-Local Multicast Name Resolution) are used to resolve hostnames to IP addresses, by sending highly vulnerable multicast messages across local networks, enabled sophisticated attackers to map out the networks and infect them more effectively. "Cynamics' solution offers state-of-the-art protection quickly and with surgical precision for the most valuable assets in our network," said Jad Al-Bijaly, Information Technology and Cybersecurity Manager for Guilford County, North Carolina, a trusted Cynamics customer. Other customers include the cities of Rocky Mount, Urbandale, Saratoga Springs, and others. According to Gartner, in 2022, "the industries with the most interest in NDR continued to be the government and finance industries." Having generated more than $4 billion in contracts to date, Merlin Cyber partners with industry-recognized companies as well as startups, seeing them through all stages of their development and go-to-market execution. Merlin Ventures, the investment arm of Merlin Group, invests most of its capital in startups from Israel, a global hub of innovation in the cybersecurity sector, accelerating them from seed to scale. "The partnership with Cynamics reflects Merlin's commitment to providing a gateway for the most promising global cybersecurity startups to help protect America's critical digital infrastructure," said Seth Spergel, Managing Partner of Merlin Ventures. "We've been tracking the success of Cynamics and are proud to join as both an investor and a partner in helping to bring their solutions to market. Their AI-based network detection and response solution is unique and ideal for how large government networks are architected." About Merlin Cyber Merlin Cyber is the go-to-market arm of Merlin Group, a powerful ecosystem of cybersecurity investment, technical expertise, and partner growth acceleration with 25 years of experience working with the US government. Through Merlin Cyber, federal civilian, defense, state, local and education customers access innovative, public sector-ready cybersecurity solutions that meet government requirements and mission priorities. Merlin does this by selectively partnering with best-in-class cybersecurity brands, investing in visionary emerging technologies, accelerating partner growth, and enabling the US government to successfully keep ahead of today's critical threats, accelerate modernization initiatives, and defend our nation. Learn more at merlincyber.com About Cynamics Cynamics is the only Next Generation (NG) Cloud Network Detection and Response (NDR) solution on the market today using standard sampling protocols built-in to every gateway, patented algorithms, as well as AI and Machine Learning, to provide threat prediction and visibility at speed and scale. Built to protect networks of all sizes and complexity, its highly scalable approach discovers threats missed by competitors and provides clients and partners with an elite defense against cyberattacks, with little-to-no burden on their resources. To learn more visit: https://www.cynamics.ai/

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EMERGING TECHNOLOGY, CYBERSECURITY

ECS Wins $19M Contract With Defense Manpower Data Center

ECS | March 21, 2023

ECS, a leader in advanced technology, science, and digital transformation solutions, has won a five-year $19M contract with the Defense Manpower Data Center (DMDC) within the U.S. Department of Defense (DoD). A leader in DoD identity management, the DMDC maintains DoD databases, supports the information requirements of the Office of the Under Secretary of Defense for Personnel & Readiness, and oversees DoD personnel programs and research. ECS will support the digital transformation of the DMDC by optimizing existing instances of ServiceNow ― the digital workflow management platform ― and ensuring the success of new implementations. By providing operations and maintenance services, architectural design, development, and implementation services, ECS will bring new capabilities to the DMDC and transform legacy IT applications. ECS adds this DMDC project to a lengthy list of successful ServiceNow deployments it has undertaken for the DoD and federal civilian clients. These include: the Army, Air Force, Space Force, Defense Information Systems Agency, several DoD Fourth Estate agencies, Department of Commerce, Department of Homeland Security, Department of the Treasury, U.S. Postal Service, and Environmental Protection Agency. “ECS is excited to support the critical mission of the DMDC,” said John Heneghan, president of ECS. “We’ll use our ServiceNow expertise to help the agency reduce workflow complexity, boost productivity, and offer improved services to uniformed service members, veterans, and families around the world.” “As a ServiceNow Elite partner, ECS leverages the full power of the platform to support the DMDC’s digital transformation,” said Martin Burke, vice president of Integrated Solutions at ECS. “ECS will help DMDC reengineer and modernize every one of its business and IT processes, using the powerful features and flexibility of the ServiceNow platform.” About ECS ECS, ASGN’s federal government segment, delivers advanced solutions in cloud, cybersecurity, data and artificial intelligence (AI), application and IT modernization, science, and engineering. The company solves critical, complex challenges for customers across the U.S. public sector, defense, intelligence, and commercial industries. ECS maintains partnerships with leading cloud, cybersecurity, and AI/ML providers and holds specialized certifications in their technologies. Headquartered in Fairfax, Virginia, ECS has more than 3,800 employees throughout the United States. About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and professional solutions, including technology, creative, and digital, across the commercial and government sectors. ASGN helps leading corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions.

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