US Government lets PayPal take part in coronavirus loans program

PayPal | April 12, 2020

Fintech payments giant PayPal announced Friday that it is taking part in the US government’s Paycheck Protection Program—making it one of the first non-bank institutions approved to provide loans to small businesses during the coronavirus crisis. The Paycheck Protection Program is the initiative of the Small Business Administration, a US government agency. It will provide $350 billion in loans to help small businesses to keep their workers on the payroll.

Spotlight

Through its industry-leading technology partner eco-system, General Dynamics Information Technology (GDIT) employees are exposed to the latest innovations emerging technologies - including specific arrangements with Amazon Web Services, Microsoft Azure Cloud and Google Cloud.

Spotlight

Through its industry-leading technology partner eco-system, General Dynamics Information Technology (GDIT) employees are exposed to the latest innovations emerging technologies - including specific arrangements with Amazon Web Services, Microsoft Azure Cloud and Google Cloud.

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EMERGING TECHNOLOGY,CYBERSECURITY

Viasat & Inmarsat Receive UK Government Approval for Proposed Combination Under National Security & Investment Act

Inmarsat | September 17, 2022

Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced the receipt of approval of the proposed combination of their businesses by the UK Government under the National Security & Investment Act. The Secretary of State for Business, Energy and Industrial Strategy (BEIS) has announced that the transaction does not pose a risk to the UK's national security. In March 2022, the companies committed to economic undertakings with BEIS, which underlined their pledge to strengthen and advance the UK's National Space Strategy. The economic undertakings include an expansion in the number of highly skilled jobs in key areas and a 30% increase in overall research and development spending in the UK. "The combination of Viasat and Inmarsat creates a leading global communications innovator with enhanced scale and scope to affordably, securely and reliably connect the world. The UK Government's clearance of Viasat's proposed acquisition of Inmarsat under the National Security and Investment Act is another important step forward on the road to closing the deal, and we would like to thank the UK Government for their close collaboration throughout the process. Viasat has been a trusted partner of the UK's defence and national security communities for more than a decade, including in the provision of its market-leading encryption products. The combined company, whose global international business headquarters will be situated in the UK, will build upon the strong UK relationships that Viasat and Inmarsat already enjoy and allow us to deepen our contribution to the UK's National Space Strategy." -Mark Dankberg, Executive Chairman and CEO of Viasat. Rajeev Suri, Inmarsat CEO, added: Inmarsat is proud of our decades of close work with the UK government. Today's approval brings us closer to delivering the new jobs and investment to the UK that have been committed by both Inmarsat and Viasat. Together, we will be well-positioned to compete in a robust market that has both well-funded new entrants and other industry players in the process of consolidating. About Viasat: Viasat is a global communications company that believes everyone and everything in the world can be connected. For over 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. About Inmarsat: Inmarsat delivers world leading, innovative, advanced and exceptionally reliable global, mobile communications across the world – in the air, at sea and on land - that are enabling a new generation of commercial, government and mission-critical services. Inmarsat is powering the digitalisation of the maritime industry, making operations more efficient and safer than ever before. It is driving a new era of inflight passenger services for aviation, while ensuring that aircraft can fly with maximum efficiency and safety. Furthermore, Inmarsat is enabling the rapid expansion of the Internet of Things (IoT) and enabling the next wave of world-changing technologies that will underpin the connected society and help build a sustainable future. And now Inmarsat is developing the first-of-its-kind, multi-dimensional communications network of the future, ORCHESTRA. In November 2021, Inmarsat and Viasat announced the planned combination of the two companies, to create a new leader in global communications. The deal is scheduled to close in the second half of 2022.

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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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CYBERSECURITY

SecurityScorecard Partners with The National Association of Counties to Improve Cybersecurity Posture of Local Governments Across the U.S.

SecurityScorecard | July 19, 2022

In its ongoing effort to improve the security posture of federal, state and local government agencies, SecurityScorecard, the global leader in cybersecurity ratings, today announced a partnership with The National Association of Counties (NACo). Through this partnership, U.S. county governments will gain access to SecurityScorecard’s cybersecurity ratings platform to monitor and improve cybersecurity risk. NACo successfully piloted SecurityScorecard’s cybersecurity ratings platform, which involved 38 counties. SecurityScorecard’s platform is now available in the NACo County Tech Xchange, an online portal that connects more than 800 county CIOs, IT directors, CISOs and other county IT leadership. The portal provides resources that enable counties to improve their technology infrastructure. “We are committed to helping government entities in keeping their communities secure,” said Sachin Bansal, Chief Business and Legal Officer, SecurityScorecard. SecurityScorecard collects and analyzes global threat signals that give organizations instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating. “Working with SecurityScorecard will enable us to improve the overall health of county networks and provide immediate access to information about cyber threats and risks, not only for county networks but also for third-party partners,” said Rita Reynolds, CIO of NACo. “This expansive approach offers sophisticated, real-time data that enhances counties’ capacity to monitor and protect critical assets.” In recent months, SecurityScorecard has established partnerships with the New York Department of Financial Services and U.S. state banking regulators via the Conference of State Banking Supervisors. In addition, SecurityScorecard has significantly increased its work with multiple congressional committees, federal and state agencies, and local authorities and meets regularly with government agencies for policy and operational collaboration, including threat intelligence briefings for major government agencies. SecurityScorecard is a founding member of the Institute for Security & Technology and the only security ratings provider to participate in the Institute’s cross-industry Ransomware Task Force. SecurityScorecard will participate in the NACo 2022 Annual Conference being held July 21 – 24. This is the largest meeting of county officials who will collaborate on NACo’s federal policy agenda, share proven practices and strengthen knowledge to help improve residents’ lives and the efficiency of county government. For more information on the SecurityScorecard cybersecurity ratings platform or to request a demo, please visit www.securityscorecard.com. About SecurityScorecard Funded by world-class investors including Evolution Equity Partners, Silver Lake Waterman, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard is the first cybersecurity ratings company to offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.NACo successfully piloted SecurityScorecard’s cybersecurity ratings platform, which involved 38 counties. SecurityScorecard’s platform is now available in the NACo County Tech Xchange, an online portal that connects more than 800 county CIOs, IT directors, CISOs and other county IT leadership. The portal provides resources that enable counties to improve their technology infrastructure. “We are committed to helping government entities in keeping their communities secure.” -Sachin Bansal, Chief Business and Legal Officer, SecurityScorecard. SecurityScorecard collects and analyzes global threat signals that give organizations instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating. “Working with SecurityScorecard will enable us to improve the overall health of county networks and provide immediate access to information about cyber threats and risks, not only for county networks but also for third-party partners, This expansive approach offers sophisticated, real-time data that enhances counties’ capacity to monitor and protect critical assets.” -Rita Reynolds, CIO of NACo. In recent months, SecurityScorecard has established partnerships with the New York Department of Financial Services and U.S. state banking regulators via the Conference of State Banking Supervisors. In addition, SecurityScorecard has significantly increased its work with multiple congressional committees, federal and state agencies, and local authorities and meets regularly with government agencies for policy and operational collaboration, including threat intelligence briefings for major government agencies. SecurityScorecard is a founding member of the Institute for Security & Technology and the only security ratings provider to participate in the Institute’s cross-industry Ransomware Task Force. SecurityScorecard will participate in the NACo 2022 Annual Conference being held July 21 – 24. This is the largest meeting of county officials who will collaborate on NACo’s federal policy agenda, share proven practices and strengthen knowledge to help improve residents’ lives and the efficiency of county government. About SecurityScorecard- Funded by world-class investors including Evolution Equity Partners, Silver Lake Waterman, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard is the first cybersecurity ratings company to offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.

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