EMERGING TECHNOLOGY, CYBERSECURITY
Trust Stamp | September 29, 2022
T Stamp Inc. (“Trust Stamp” or the “Company”) (Nasdaq: IDAI, Euronext Growth: AIID ID), a global provider of AI-powered trust and identity services used globally across multiple sectors, today unveiled its new government-focused, privacy-first identity technology, Privtech™, and reports it has received registered trademark status for the Privtech solution by the US Patent and Trademark Office.
The technology provides four customizable levels of privacy protection using the Company’s existing Privtech Certified® structure and offers government agencies the ability to verify identity and protect against fraud, while minimizing the data collected and providing transparency as to its use.
“Privtech technology utilizes our patented irreversibly transformed identity token (IT2™), which allows users to be identified on a probabilistic basis without disclosing underlying biometric or other identity data. Within the Privtech Certified® structure there are four levels of privacy protection, of which Privtech Level Four is the most stringent with the entire enrollment and authentication processes taking place on the user’s own device, and only a randomized and encrypted one-time identifier ever leaving the device, Government agencies need to balance safe and efficient interaction with digital users against minimizing intrusion into the user’s privacy. Unlike the typical biometric systems in use today, Privtech Level Four does not require data intermediation by a private sector vendor and does not require the user to provide the agency with their biometric data. We have designed these solutions to meet the specific demands of government customers, which represent a very substantial and growing market opportunity. Ultimately, we believe that Privtech Certified products will define a new privacy-first approach to interacting with government agencies.”
-Gareth Genner, Chief Executive Officer of Trust Stamp.
Dr. Norman Poh, Chief Science Officer of Trust Stamp, stated, An IT2 can be created from virtually any modality of biometric together with most other types of identity data. In addition to the obvious benefit of privacy protection, the IT2 has numerous advantages when compared to legacy biometric templates, including computational efficiency, interoperability and cancelability.
The Company’s announcement is in the wake of substantial increases in technology-focused investments by government agencies including $80 billion in new funding for the Internal Revenue Service with a stated emphasis on improving taxpayer services and modernizing the agency’s technology and other infrastructure.
About Trust Stamp:
Trust Stamp, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
EMERGING TECHNOLOGY, GOVERNMENT BUSINESS
Convergint | September 13, 2022
Convergint, a global leader in service-based systems integration, today announced it has acquired MVP Tech, a leading UAE-based security and IT systems contractor serving private enterprises and government clients for the past two decades. The acquisition will add more than 200 colleagues to Convergint and expand the company’s presence to countries in the Gulf Cooperation Council (GCC) and Middle East.
Founded in 2003 and headquartered in Dubai, MVP Tech has three offices across the United Arab Emirates and Iraq with near-future expansion plans into KSA. The company’s diverse and multinational colleagues are comprised of 80% technical individuals with a proven industry background, managing and delivering projects with one of the largest on-the-ground workforces in the market. MVP Tech’s mission is to deliver next-generation intelligence and interconnectivity across verticals such as critical infrastructure, hospitality, luxury retail and malls, and energy infrastructure.
“MVP Tech’s strong, customer-focused culture and their expertise in emerging technologies provides an important competitive advantage and is well-aligned with our growth strategy, MVP will allow us to directly meet the needs of our global customers in this critical region. MVP’s robust technical capabilities and rapidly expanding artificial intelligence, machine learning, and big data capabilities will complement and accelerate our investments in these key areas. We look forward to collaborating with MVP Tech’s colleagues and leadership, who will remain in place to deliver uninterrupted service excellence and the latest in technological innovation to their customers.”
-Ken Lochiatto, CEO of Convergint.
By joining forces with Convergint, we now have the opportunity to expand our engineering-driven philosophy and to further elevate our service capabilities, for both our local and multinational customers, said Charles Kiwan, CEO and owner, MVP Tech. Convergint’s culture and core Values and Beliefs are the perfect fit for MVP Tech. We greatly look forward to the new possibilities we can bring to our customers through Convergint’s resources.
Convergint has a service-focused presence across North America, Latin America, Asia Pacific, Europe, and Oceania. The company continues to grow globally, with this acquisition following four others earlier this year that expanded Convergint’s capabilities across Canada, Australia, and the United States.
Convergint is a $2.0 billion global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 systems integrator in SDM Magazine’s Top Systems Integrators Report for the past 5 years, Convergint leads with over 8,500 colleagues and more than 185 locations worldwide.
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.