Real US debt levels could be 2,000% of economy, a Wall Street report suggests

CNBC | September 09, 2019

Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level. AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions.

Spotlight

Digital Communications Have Greatly Helped Agencies Connect With Citizens And Apply “Open Government” Principles. But They Have Also Caused A Massive Increase In Electronic Public Records.  Inherent In Their Online Activities. They’re Starting To Ask Questions About The Best Ways To Preserve Digital Records. Now More Than Ever, The Business Of Government Is Online. Council Meetings Are Broadcast On Youtube, Local News Is Delivered Via RSS Feeds, Utility Bills Are Paid Through City Websites, Transportation Schedules Are Published To Online Calendars, Opinion Polls Are Taken In Forums, Codes And Laws Can Be Viewed In Online Databases, The Police Blotter Appears On Twitter, The President Of The United States Has A Facebook Page … And That’s Just For Starters.

Spotlight

Digital Communications Have Greatly Helped Agencies Connect With Citizens And Apply “Open Government” Principles. But They Have Also Caused A Massive Increase In Electronic Public Records.  Inherent In Their Online Activities. They’re Starting To Ask Questions About The Best Ways To Preserve Digital Records. Now More Than Ever, The Business Of Government Is Online. Council Meetings Are Broadcast On Youtube, Local News Is Delivered Via RSS Feeds, Utility Bills Are Paid Through City Websites, Transportation Schedules Are Published To Online Calendars, Opinion Polls Are Taken In Forums, Codes And Laws Can Be Viewed In Online Databases, The Police Blotter Appears On Twitter, The President Of The United States Has A Facebook Page … And That’s Just For Starters.

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EMERGING TECHNOLOGY,INFRASTRUCTURE,CYBERSECURITY

Optiv Canada Awarded First Enterprise Contract Under Federal Government's Cybersecurity Procurement Vehicle

Optiv | August 22, 2022

Optiv, the cyber advisory and solutions leader, today announced it has been awarded the first major enterprise contract under Shared Services Canada's (SSC) cybersecurity procurement vehicle (CSPV) for its network device authentication (NDA) solution, which aims to establish a collaborative environment to effectively manage device certificates across federal government IT infrastructure. Today's workforces and their devices are more distributed than ever, leading to a rapidly expanding threat landscape. Enterprises and governments alike must be able to proactively and jointly respond to emerging cyber threats, while also providing timely and appropriate access to trusted devices. The first of its kind, Optiv Canada's NDA solution is delivered in partnership with Venafi, the leader in securing machine identities, and Crypto4A, a next generation hybrid security platform, which manages the lifecycle of device keys for zero trust-based architectures. The combined offering allows Canada to move away from manual device management by leveraging automation to address the proliferation of interconnected devices. "It's estimated there will be nearly 1.5 million devices connected to the Government of Canada's infrastructure at any one time within the next four years. A manual approach to network access is unsustainable and opens everyone up to operational and security risks, Our NDA project provides a new set of infrastructure-wide solutions for device authentication, allowing for automated provisioning and the capacity to adapt without expensive hardware changes." -Optiv's Cheryl McGrath, area vice president and country general manager, Canada. The realities of digital transformation mean that every organization, including governmental agencies, are facing unprecedented growth in the number of machines on their networks, said Kevin Bocek, vice president, security strategy and threat intelligence at Venafi. With this decision, the Canadian Federal Government is demonstrating their commitment to their vision of a strong machine identity management strategy which is essential to the security of the systems that underpin our digital world. This vision is not possible without a strong network device authentication program which is the cornerstone of identity and security. "We thank both Optiv and Venafi for the opportunity to add value to the NDA solution. We believe new approaches to providing secure access, authentication and verification of machine identities are required for the opportunities and challenges of digital transformation in zero-trust environments." -John Scott, Chair and CEO of Crypto4A. With NDA, Canada is laying a secure foundation for zero trust, network access control, enhanced compliance and an improved user experience. Optiv and its partners are looking to deliver for the Government of Canada the same objective-driven outcomes it does for clients in any other vertical of business and IT operations. Optiv Security: Secure greatnessTM Optiv is the cyber advisory and solutions leader, delivering strategic and technical expertise to more than 7,000 companies across every major industry. We partner with organizations to advise, deploy and operate complete cybersecurity programs from strategy and managed security services to risk, integration and technology solutions. With clients at the center of our unmatched ecosystem of people, products, partners and programs, we accelerate business progress like no other company can. At Optiv, we manage cyber risk so you can secure your full potential.

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EMERGING TECHNOLOGY

Raytheon Technologies-Led U.S. Army TITAN Program Selects C3 AI to Deliver Next-Generation AI/ML Ops

C3.ai, Inc. | July 11, 2022

C3 AI (NYSE: AI), the Enterprise AI software company, announced Raytheon Technologies has selected the C3 AI Application Platform to deliver next-generation AI and machine learning (ML) capabilities for a ready-now solution for the U.S. Army’s Tactical Intelligence Targeting Access Node (TITAN) program. The Raytheon Technologies team, led by Raytheon Intelligence & Space, is in competition to design TITAN to serve as the Army’s underpinning solution to enable multi-domain operations.TITAN is a tactical ground station that finds and tracks threats to support long-range precision targeting, further advancing the Department of Defense’s strategy for Joint Force C2 (JADC2) capabilities necessary to support U.S. national security interests. The C3 AI Application Platform will provide AI/ML model operations (ML Ops) for best-of-breed third-party models across the TITAN enterprise, including both cloud and intermittently connected edge environments. “This work combines Raytheon Intelligence & Space’s expertise in aerospace and defense with C3 AI’s proven expertise in enterprise AI to support critical national security interests through next-generation technology, We look forward to working with Raytheon Technologies to deliver this new AI-powered, mission-ready solution of the future.” -Thomas M. Siebel, Chairman and CEO of C3 AI TITAN will ingest data from space and high-altitude, aerial, and terrestrial sensors to provide targetable data to defense systems. It will also provide multi-source intelligence support to targeting, and situational awareness and understanding for commanders. Leveraging capabilities that support pattern-of-life sensemaking and automated target recognition, the TITAN solution will also help operators make sense of the massive amounts of data and prosecute a target with the appropriate solution. Effort sponsored by the U.S. Government under Other Transaction number W15QKN-17-9-5555 between the Consortium Management Group, Inc., and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Government purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government. About C3.ai, Inc. C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Application Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI Applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally. Learn more at: www.c3.ai.

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CYBERSECURITY

Xage Draws Chevron Backing to Accelerate Zero Trust Adoption in Energy

Xage Security | July 15, 2022

Xage, the zero trust cybersecurity company, today announced investment from Chevron Technology Ventures to further accelerate the use of zero trust in protecting energy and other critical infrastructure from cyber threats. The additional capital extends Xage’s series B venture capital financing for a second time in the last two months, bringing Xage’s total financing to-date to $62M. “Xage’s zero trust security has the potential to expand corporate security standards to environments that increasingly are connected to one another. The technology can provide critical support to cybersecurity and digital transformation needs, This is the latest investment from our Core Energy Fund 7, which focuses on operational enhancement, digitalization and lower carbon technologies.” -Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. Xage’s Fabric is specifically designed to bring a zero trust security model to complex environments without requiring an equipment overhaul. The Fabric overlays every machine, app, and data point within an operation to impose granular control over all digital interactions. In addition to the company's Identity & Access Management (IAM), Zero Trust Remote Access, and Dynamic Data Security solutions, Xage recently released a novel multi-layer, multi-factor authentication (MFA) capability designed specifically for real-world operations to block MFA hacks caused by “MFA bombing” and human error. “With Chevron participating in our series B, we’re able to accelerate our impact on energy companies and other critical infrastructure organizations to prevent hacks while building efficiencies and enhancing collaboration, We recently found that 88% of industrial cybersecurity leaders are taking steps to adopt zero trust, and 55% are reporting that zero trust is accelerating digital transformation. It’s our job to make sure these efforts are expedited, and expanded support from investors with deep knowledge of the energy sector will help us achieve that.” -Duncan Greatwood, CEO of Xage. Chevron Technology Ventures joins a growing number of energy sector investors backing Xage. The venture arm of Saudi Aramco invested in Xage’s series A and B; and more recently, Piva Capital, a venture capital firm investing in technologies ushering in a new industrial era, led Xage’s series B, with SCF Partners and Overture Climate Fund joining the round in May. About Xage- Xage is the first and only zero trust real-world security company. The Xage Fabric accelerates and simplifies the way enterprises secure, manage and transform digital operations across OT, IT, and cloud. Xage solutions include Identity & Access Management (IAM), remote access, and dynamic data security, all powered by the Xage Fabric. About Chevron Technology Ventures- Chevron Technology Ventures (CTV) pursues technologies and new business solutions that have the potential to enhance the way Chevron delivers affordable, reliable, and ever-cleaner energy.

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