U.S. trade deficit narrows sharply as exports rebound

Reuters | March 27, 2019

The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines. The Commerce Department said on Wednesday the trade deficit declined 14.6 percent, the largest decline since March 2018, to $51.1 billion also as softening domestic demand and lower oil prices curbed the import bill. Data for December was revised slightly down to show the trade gap widening to $59.9 billion instead of the previously reported $59.8 billion. Economists polled by Reuters had forecast the trade gap narrowing to $57.0 billion in January.

Spotlight

Over the past six months, important actions have been taken by the federal government to safeguard the confidentiality of information that the government provides to or receives from its suppliers.

Spotlight

Over the past six months, important actions have been taken by the federal government to safeguard the confidentiality of information that the government provides to or receives from its suppliers.

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CYBERSECURITY

Booz Allen Hamilton Partners with Acalvio to Provide Advanced Cyber Deception Capabilities

Booz Allen | July 26, 2022

Booz Allen Hamilton (NYSE: BAH) announced today it has partnered with Acalvio Technologies to improve the nation’s cybersecurity operations with proactive defenses that will help government and commercial organizations build greater resilience in the face of an increasingly dynamic threat landscape. This partnership complements Booz Allen’s National Cyber strategy by adding cyber deception to the firm’s intelligence-grade tradecraft and full-spectrum capabilities. Acalvio’s patented and award-winning Autonomous Deception product, ShadowPlex, the only advanced cyber deception product with FedRAMP certification, enables organizations to detect, investigate, and respond to malicious activity in information technology (IT) and operational technology (OT) environments across on-premises and cloud deployments. Together, Booz Allen and Acalvio will bring these sophisticated capabilities to government and commercial clients to combat advanced cybersecurity challenges, including advanced persistent threats (APT), ransomware, and insider threats. Key benefits of the partnership include: Accelerated Threat Detection to Connect the Dots: With more than 5,000 cyber professionals with proven skillsets to support clients, Booz Allen cuts through the noise and connects across missions, sectors, and data silos to provide a comprehensive view of the threat landscape. ​Now, with Acalvio’s ShadowPlex, clients can better prioritize the endless number of alerts they receive with high-confidence alerts across identity management and cyber asset threats that are not always prevented by traditional sensor strategies. This approach reduces the attacker dwell time with early detection and increases security operations center efficiency with sophisticated investigation. Adversarial Insights to Outpace the Competition: Backed by over 20 years of support across classified missions and commercial critical infrastructure sectors, Booz Allen uses a combination of reverse engineering, defensive technologies, predictive analytics, vulnerability assessments, proactive threat hunting, artificial intelligence (AI), and machine learning (ML) in preparation for adversaries.​ Now, this portfolio adds Acalvio’s patented Deception Farm architecture, a key differentiator for clients, to deploy deceptive artifacts—like fake hosts or “honeypots” —that act as tripwires to detect intruders to better understand their behaviors. Combined, these solutions allow for new and unique insights that can be quickly implemented to stop bad actors in their tracks. Automated Deployments to Stay Ahead: Innovative solutions are only as good as their ability to rapidly integrate into the mission and quickly drive outcomes. Acalvio’s ShadowPlex automates and simplifies the configuration and deployment of deception artifacts, combining pre-defined playbooks with an AI-based recommendation system. With this partnership, Booz Allen will provide ready-to-deploy packaged solutions that automate service delivery to create scale, with lower cost, and greater mission impact. “As cyber threats grow increasingly advanced, Booz Allen is committed to developing secure, trusted, and resilient strategies that enhance the nation’s cybersecurity posture, To outpace the adversary, it is imperative that government and commercial organizations better integrate and synchronize the way they conduct cyber offense and defense. Booz Allen’s partnership with Acalvio achieves this, using offensive insights to inform cyber defense and addressing current gaps in the marketplace. This innovative approach operationalizes insights in real time so we can evolve our solutions to keep pace with the cyber landscape.” -Garrettson Blight, Director of National Cyber Solutions Booz Allen. The strategic partnership adds cyber deception to Booz Allen’s multiple cyber-enabled platforms for OT, cloud security, 5G technology security, connected health, and weapons systems cybersecurity, and complements Booz Allen’s existing operational capabilities such as threat hunting, detection engineering, and zero trust. “We are proud to partner with Booz Allen to deliver innovative and ready-to-deploy cyber deception capabilities for government and commercial clients, These offerings will empower government and commercial organizations to combat advanced cybersecurity challenges with solutions that deploy at speed and at scale in a fast-changing environment. With a combined focus on relentless innovation, this collaboration will allow clients to stay ahead of the competition and defend their most critical assets.” -Ram Varadarajan, CEO and Co-founder of Acalvio Technologies. With cross-sector mission understanding, battle-tested approaches, and ready-to-deploy solutions, Booz Allen is disrupting how the nation tackles cybersecurity and is taking a holistic approach to anticipate and solve the most complex cyber challenges. Learn more about Booz Allen’s vision for bolder cybersecurity strategy, operations, and solutions, and the firm’s long history of supporting U.S. government work in cyber defense and offense. About Booz Allen Hamilton- For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.

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GOVERNMENT BUSINESS,CYBERSECURITY

DLA Piper represents SixGen in its acquisition of Fourcast Management and Analysis

DLA Piper | August 09, 2022

DLA Piper represented SixGen, Inc., a leading cybersecurity and products company based in Maryland, in its acquisition of Fourcast Management and Analysis, Inc., a Maryland-based technology management consulting company. SixGen provides world-class cybersecurity services and products to protect government organizations and commercial industries. Using innovative processes, tools, and advanced techniques, SixGen predicts and overcomes cybersecurity vulnerabilities. SixGen prioritizes best practices, customer requirements and privacy and overall mission impact. The strategic acquisition of Fourcast Management and Analysis – a leading management consulting company that provides seasoned advisory services, skills, and assistance in the areas of finance, budget and cost estimation – will bolster SixGen's mission to provide the highest quality services to customers and enable employee growth through diversified opportunities. "Congratulations to SixGen on this strategic acquisition of Fourcast, which will allow the company to grow in the cybersecurity and professional services sector, It was a pleasure collaborating and bringing together our deep knowledge and capabilities in the professional services industry to close this deal." -Jeffrey Houle, co-chair of DLA Piper's Aerospace, Defense and Government Services Transactional practice who led the team that advised SixGen. We're immensely proud of this pivotal deal. We thoroughly enjoyed working with the DLA Piper team and believe this acquisition will have an immediate impact on the level of service we can provide to our customers, said Chris Brady, chairman of Chart National, an investor in SixGen. In addition to Houle (Washington, DC), the deal team included partners Thomas Pilkerton III, Julia Kovacs and Jordan Bailowitz (all three in Baltimore) and Brad Jorgensen (Austin); of counsel Christopher Armstrong (Baltimore); and associate Josh Feldman (Baltimore). With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket. DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world. About DLA Piper: DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising.

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CYBERSECURITY

U.K. Firms Adapting Security Strategies for Cloud, Resilience

ISG | September 06, 2022

Enterprise security leaders in the U.K. are focused on cloud security, building up resilience against threats and aligning cybersecurity strategies with overall business goals, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the U.K. finds these objectives are the top priorities for chief information security officers (CISOs) in U.K. organizations. The growing use of cloud models such as infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) is forcing companies to adapt their cybersecurity approaches, with a focus on holistic resilience that requires more communication and training for employees and outside stakeholders, the report says. “British enterprises are aligning cybersecurity with IT trends and the changing threat landscape, Cloud migration has many benefits but can create new security challenges. To guard against those threats, fundamental technical and organizational measures are needed.” -Roger Albrecht, co-lead, ISG Cybersecurity. The U.K. government has recognized the importance of cybersecurity and is making major investments to protect British enterprises and foster a growing cybersecurity industry, ISG says. According to a 2022 study by the U.K. National Cyber Security Centre, 39 percent of businesses in the U.K. had experienced a cybersecurity breach in the past 12 months, and for large and midsize companies, the average cost of a breach is £19,400. The government’s cybersecurity strategy is now kicking off its fourth year with an emphasis on boosting the U.K. digital economy, which includes about 1,400 cybersecurity businesses, ISG says. As enterprises in the U.K. face increasing IT complexity, the establishment of permanent hybrid work and the need for more agility, many are considering the zero-trust (ZT) security model, ISG says. This approach, which requires verification of any device on any network to access enterprise resources, can reduce security cost and risk exposure through uniform security across an organization. “Zero-trust is a major change that affects many aspects of enterprise security, Experienced service and solution providers can help companies implement and operate a ZT environment.” -Jan Erik Aase, partner and global leader, ISG Provider Lens Research. The report also explores other cybersecurity trends in the U.K., including high demand for technical and strategic security services, a shortage of skilled workers and concerns over increasingly tight data protection laws. The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the U.K. evaluates the capabilities of 95 providers across seven quadrants: Identity and Access Management (IAM), Data Leakage/Loss Prevention (DLP) and Data Security, Advanced Endpoint Threat Protection, Detection and Response (Advanced ETPDR), Technical Security Services, Strategic Security Services, Managed Security Services – Large Accounts and Managed Security Services – Midmarket. The report names IBM as a Leader in five quadrants. It names Accenture, Atos, Broadcom, Capgemini, Deloitte, HCL and Wipro as Leaders in three quadrants each. Microsoft, Orange Cyberdefense and TCS are named as Leaders in two quadrants each. BT, Check Point, Claranet, CrowdStrike, Darktrace, DXC Technology, EY, Forcepoint, HelpSystems, Herjavec Group, Netskope, NTT, Okta, PwC, RSA, Sophos, Tech Mahindra, Trellix, Trend Micro and VMware Carbon Black are named as Leaders in one quadrant each. About ISG Provider Lens™ Research: The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG: ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

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