U.S. considers sanctions to restrict Visa, Mastercard in Venezuela: official

Reuters | March 15, 2019

The United States is considering imposing financial sanctions that could prohibit Visa Inc , Mastercard Inc and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The move, which has not been finalized, would represent another step in tightening the financial noose on the government of President Nicolas Maduro and his supporters. The sanctions would be targeted at the elite and groups loyal to Maduro, including members of the military, armed gangs and Cubans operating in Venezuela, while aiming to spare ordinary Venezuelans.

Spotlight

Video message from Assistant Secretary of Labor for Occupational Safety and Health Dr. David Michaels to the National Association of Tower Erectors (NATE) Conference,

Spotlight

Video message from Assistant Secretary of Labor for Occupational Safety and Health Dr. David Michaels to the National Association of Tower Erectors (NATE) Conference,

Related News

GOVERNMENT BUSINESS

Knightscope Earns FedRAMP "In-Process" Rating from the U.S. Federal Government

Knightscope | June 07, 2022

Knightscope, Inc., a provider of sophisticated physical security technology aimed at improving U.S. security operations, revealed today that the Federal Risk and Authorization Management Program has reached the "In-Process" level (FedRAMP). FedRAMP is a federal-level program that encourages the use of safe cloud services by establishing a standardized approach to security evaluation, authorization, and continuous monitoring of cloud goods and services. Knightscope's cyber security team has been working relentlessly for the past 17 months to create a safe, hardened environment dedicated entirely to supporting U.S. Government clients. Knightscope was able to create a tightly controlled version of its product offering from the ground up. A FedRAMP-authorized Third-Party Assessment Organization tested the secure environment. Knightscope's product was put to the test utilizing the most cutting-edge cyber technology, and it was discovered that the ASR was far too secure to be entered without the Company's help. Knightscope has now been listed as a service provider because of these findings, and it may begin conversations with government agencies about delivering services to federal authorities. One of the key roles of government is to protect its citizens, so it is critical that we provide them with the most advanced public safety technologies available. The FedRAMP process is arduous, but we believe it is a great investment of time and resources as it ensures our cybersecurity efforts are top notch. I'm looking forward to continuing to build even more cutting-edge technology to support our mission to make America the safest country in the world." Mercedes Soria, EVP and Chief Intelligence Officer, Knightscope, Inc. To conduct business with the federal government, cloud-based service providers must complete the FedRAMP procedure and acquire an Authority to Operate ("ATO"). Only 262 ATOs have been granted as of this publication, and only 83 firms have reached the "In-Process" stage. Knightscope's service offering for a Government Law Enforcement Agency was accepted as a consequence of the team's hard work, and Knightscope is now listed on the FedRAMP Government Market Place.

Read More

GOVERNMENT BUSINESS

StrikeForce Strengthens it’s Government Relations Capabilities with Ankura Consulting Group, LLC.

StrikeForce Technologies, Inc. | May 05, 2022

StrikeForce Technologies, Inc., a cyber security company that provides next-gen cyber, data protection & Secure Video Conferencing solutions for SMB’s, Enterprises & Government agencies, announced that they signed an engagement agreement with Ankura Consulting LLC., to help expand StrikeForce’s footprint within the Federal Government and Intelligence communities. “As part of our scope of work, Ankura will assist StrikeForce in facilitation of government and commercial opportunities, as well as help secure a Small Business Innovation Research (SBIR) grant to advance their technology and platform certifications. StrikeForce’s timing is perfect,” says Dean Thomas, Managing Director at Ankura. “On May 12th, President Biden signed an Executive Order charting a course to Improve the Nation’s Cybersecurity and Protect Federal Government Networks. We plan to take full advantage of this opportunity and introduce StrikeForce’s solutions everywhere we can.” We are really excited about working with the Ankura Consulting Group. Their global team of cybersecurity practitioners includes leaders with extensive experience as members of the intelligence community, law enforcement personnel and federal agents, digital forensic specialists, and founders of pioneering cyber technology firms. Their experts have handled some of the largest and most sensitive cybersecurity incidents and regularly advise leading organizations on the data privacy policies.” Mark L. Kay, CEO of StrikeForce “All the pieces are coming together quite nicely,” says Kay. “If you want to expand in the Federal Government and Intelligence communities you need to partner with a team that is well seasoned, have extensive relationships, and understand how the procurement process works. That’s why we choose Ankura.” About StrikeForce Technologies Inc. StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions. StrikeForce Technologies, Inc. is headquartered in Edison, N.J. About Ankura Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation. The Ankura team consists of more than 1,500 professionals serving 3000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivaled in its ability to assist clients to Protect, Create, and Recover Value.

Read More

GOVERNMENT BUSINESS

SemanticBits Will Be Acquired by ICF

ICF | June 10, 2022

ICF, a worldwide consulting and digital services firm, said today that it has reached a definitive agreement to acquire SemanticBits, a leading provider of mission-critical digital modernization solutions to US government health agencies. In 2022, SemanticBits is predicted to produce $135 million in yearly revenue. In 2023, almost $115 million of that will be recurring, owing to the conclusion of many small company contracts. As part of ICF, SemanticBits is expected to produce EBITDA margins in the high teens, based on its track record of double-digit sales growth. ICF will use its existing credit facility to cover the $220 million deal. Upon completion, the deal is expected to be accretive to ICF's EPS. SemanticBits offers a comprehensive set of open-source digital modernization services, including end-to-end agile at scale development, cloud-native solutions, data analytics, and human-centered design. SemanticBits, which was founded in 2005, has a team of 450 technologists and practitioners with experience working on large federal health IT projects and expertise across 30 technology platforms. They use a fully agile approach that complements ICF's deep federal health domain expertise and digital modernization capabilities. SemanticBits provides help to federal health authorities in the United States, primarily the Centers for Medicare and Medicaid Services (CMS). This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICF's position in key growth markets and provide meaningful revenue synergies over time." John Wasson, ICF chair and chief executive officer John further added, "SemanticBits' advanced health IT and data science solutions accelerate and improve mission impact and health outcomes. As one of the industry's leading digital service and platform providers using open-source, SemanticBits scales our rapidly growing set of digital modernization capabilities and, together with our deep federal health expertise, will enable ICF to support larger, more complex projects across federal civilian agencies." The acquisition is scheduled to close in mid-July, subject to regulatory and customary conditions. When ICF reports its second quarter results in early August, it aims to publish updated financial forecast for the full year 2022, which will include the projected contribution from the SemanticBits purchase.

Read More