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 modernization refers to the process of utilizing technology, whether through adoption of new tools or the improvement of existing ones, to achieve organizational goals. This can include enhancing the user experience, ensuring high uptime, implementing robust security measures, reducing latency, and streamlining processes for resolving issues. All levels of government are going through a digital transformation to deliver services and programs more effectively,transparently, and economically.To meet the demands of citizens who have adapted to the technological advancements in society, digital government transformation has become a vital aspect of providing efficient and effective services. However, one of the biggest hurdles in this process for federal agencies is striking a balance between leveraging technology for its benefits and maintaining robust security and privacy measures. Federal agencies handle confidential information regularly, making it imperative to safeguard against data breaches. Consequently, agencies must ensure that their digital systems and procedures are secure and adhere to relevant regulatory requirements.

Spotlight

Digital modernization refers to the process of utilizing technology, whether through adoption of new tools or the improvement of existing ones, to achieve organizational goals. This can include enhancing the user experience, ensuring high uptime, implementing robust security measures, reducing latency, and streamlining processes for resolving issues. All levels of government are going through a digital transformation to deliver services and programs more effectively,transparently, and economically.To meet the demands of citizens who have adapted to the technological advancements in society, digital government transformation has become a vital aspect of providing efficient and effective services. However, one of the biggest hurdles in this process for federal agencies is striking a balance between leveraging technology for its benefits and maintaining robust security and privacy measures. Federal agencies handle confidential information regularly, making it imperative to safeguard against data breaches. Consequently, agencies must ensure that their digital systems and procedures are secure and adhere to relevant regulatory requirements.

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GOVERNMENT BUSINESS,CYBERSECURITY

SentinelOne Announces Membership with CISA’s Joint Cyber Defense Collaborative

Cybersecurity and Infrastructure Security Agency | January 17, 2023

SentinelOne, an autonomous cybersecurity solution provider, recently announced that it joined the Joint Cyber Defense Collaborative (JCDC). The membership further supports the US Government's strategy to protect the cyber ecosystem and critical infrastructure. Cybersecurity and Infrastructure Security Agency (CISA) founded JCDC in 2021. The collaborative aims to unite the international cyber community and defend cyberspace. SentinelLabs and SentinelOne's autonomous cybersecurity platforms will aid JCDC in collecting, analyzing, and disseminating data on cyber threats. SentinelOne will lend its insights and support to JCDC's strategic planning and offer advice as part of the partnership. As a result, JCDC will have unprecedented insight into new threats through this collaboration, allowing them to prevent attacks even before they happen. SentinelLabs is a top-tier team of security researchers dedicated to discovering and analyzing critical vulnerabilities, attack vectors, malware strains, and threat actors. "JCDC goes beyond other public-private partnerships, delivering collaborative engagement between the nation's top cyber minds with a focus on planning, action, and mitigation. With exceptional speed, scale and intelligence, our team and technology will play a crucial role in the organization's continued success. We have partnered closely with CISA for years and look forward to continuing that relationship, helping protect the world's most critical assets and information," said Jared Phipps, SVP of Americas Sales and Solution Engineering. (Source: Business Wire) About Cybersecurity and Infrastructure Security Agency Cybersecurity and Infrastructure Security Agency (CISA) established JCDC in August 2021 to transform traditional public-private partnerships into real-time private-public operational collaboration and shift the paradigm from reacting to threats and vulnerabilities to proactively planning and taking steps to mitigate them. The company leads the national effort to understand, manage, and reduce risk to its cyber and physical infrastructure. Its multi-faceted mission is home to more than 15 career fields including business administration, cybersecurity, program management, communications, and data science.

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CYBERSECURITY

NASPO Adds Fidelis Cybersecurity Platforms to Its ValuePoint Contracts

Fidelis Cybersecurity | February 02, 2023

National Association of State Procurement Officials (NASPO), has recently added Fidelis Cybersecurity platforms to its existing ValuePoint contracts with Carahsoft Technology Corporation, providing cyber defense solutions to associated Education institutions, States, and Local Governments. Its integrated cloud security platform helps customers delve deeper into their digital environments, detect, and respond to threats faster, improve threat detection, enable continuous risk assessment, and ensure compliance and security. Alex Whitworth, Sales Director leading the Fidelis team at Carahsoft, said, “The addition of Fidelis’ platforms to this contract creates new opportunities for NASPO members to protect their critical operations and safeguard sensitive Government data. “Fidelis’ cybersecurity solutions exceed standard threat protection by enabling proactive cyber defense across cloud environments and on-premises. We look forward to working with Fidelis and our reseller partners to make it easier for our joint customers to acquire this advanced technology.” (Source – Business Wire) Dale McCloskey, Senior Vice President, Federal Sales at Fidelis Cybersecurity, said, “Universities and State and Local agencies are under a continuous barrage of attacks. We are excited to expand our partnership with Carahsoft and enable NASPO’s State and Local agency and higher education customers to shift to proactive cyber defense with integrated Deception, XDR and cloud security and compliance platforms to better protect their hybrid environments from advanced threat actors.” (Source – Business Wire) About Fidelis Cybersecurity Fidelis Cybersecurity is a cyber defense provider for modern IT, serving cyber threat detection, withdrawal, response, compliance, and cloud security. It offers dynamic cyber terrain mapping, multi-facet context, and risk assessment. It reduces attackable surfaces, threat detection, incident response, and automated exposure prevention, providing professionals with context, speed, accuracy, and portability security to the top government agencies, enterprises and commercials that trust it globally. In addition, it secures production assets from adversaries with decoys, countering ongoing attacks and gathering intelligence to prepare for future attacks.

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EMERGING TECHNOLOGY

Unimed Government Services Awarded Multi-Year Department of Defense Contract Valued up to $48M

United States Department of Defense | December 01, 2022

Unimed Government Services (UGS), a leading provider of supply chain solutions for government, schools, public health organizations, and the private sector, announced today that it has received a five-year Department of Defense (DOD) contract to provide medical and dental equipment and accessories in support of the DOD's mission to protect the security of the United States. The contract is a $48,000,000 maximum, fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity agreement for medical and dental equipment and accessories for the Defense Logistics Agency electronic catalog. The location of performance is Minnesota with a contract completion date of November 15, 2027. "Unimed Government Services has been supplying the federal government with the leading dental and medical equipment, product expertise, and customized solutions for over a decade, We strive to apply our high standards of service excellence coupled with the leading manufacturers' technologies to support the Tri-Service dental and medical clinics throughout the U.S. and the world, as well as our Veterans Administration Medical Centers and Indian Health Facilities. We are proud to provide the best equipment and solutions available to support our servicemen, women and our veterans." -Judith Manchester, chief executive officer for UGS. About UGS: Unimed Government Services has helped more than 20,000 clinics deliver healthcare excellence since its creation in 2010. As a distributor of the world's leading equipment and technologies in dental, medical and infection control, UGS supplies government, municipalities, schools, public health organizations and the private sector with the highest-quality products and equipment to care for their members. UGS represents leading manufacturers, providing dental and medical equipment, from imaging equipment and software to dental core products, clinic cabinetry and laboratory case work, as well as surface disinfection technologies for infection control. With deep expertise in clinic and laboratory design, UGS also creates custom, end-to-end solutions. UGS belongs to and sponsors several professional societies dedicated to safe, quality care delivery, including the American Dental Association (ADA) where UGS members serve on the Board of Dental Standards, the Organization for Safety, Asepsis and Prevention (OSAP) where UGS is a Super Sponsor, the American Dental Educators Association (ADEA), the National Defense Industrial Association (NDIA), and Woman in Defense (WID). Based in Concord, Mass., Lakeville, MN., and Mt. Pleasant, TX, UGS is a certified woman-owned small business (WOSB) and member of the Woman Business Enterprise National Council (WBENC).

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