SAP and Customers Innovate New Ways for Industry-Specific Parts Planning

SAP | September 10, 2019

These are the result of SAP’s intelligent supply chain for assets customer initiative, which brought together SAP and more than 45 customers to co-innovate in this mission-critical area. The announcement was made at the North American Supply Chain Executive Summit in Chicago.“Every business leader I meet is looking for new ways to procure, manage and maintain aging assets to ultimately deliver on the desires of their customers,” said Franz Hero, SAP senior vice president, Digital Supply Chain Development. “With this initiative, we went straight to the source, working directly with our valued customers to explore new techniques and come up with real-world answers. Together, we’ve found a fresh approach to supply-chain planning and asset management to benefit everyone.”The customer collaboration yielded two main scenarios that existing and new customers can take advantage of to help them plan spare parts to enhance these scenarios as part of SAP’s strategy for digital supply chain.

Spotlight

"The distributed denial of service (DDoS) threat landscape against financial institutions has evolved over
the past year, with politically motivated ""hacktivists"" emerging as a new source of attacks alongside the
more traditional hackers seeking financial gain. The hacktivists use massive DDoS attacks and have
targeted a number of major banks, particularly in the US."


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DATA SECURITY

Dataprise Expands its DRaaS and Data Protection Offerings with Acquisition of Industry Leader Global Data Vault

Dataprise | January 18, 2022

Dataprise, a leading strategic IT managed service provider, today announced the acquisition of Global Data Vault, a leader in Disaster-Recovery-as-a-Service (DRaaS), Backup-as-a-Service (BaaS) and modern data protection solutions. The addition of Global Data Vault creates one of the industry's broadest portfolios of integrated data protection and cybersecurity offerings to solve client's toughest business resilience, risk mitigation and compliance challenges. "Clients turn to Dataprise to be their one strategic IT partner, which requires we bring the broadest portfolio of services powered by the best technology and deepest expertise. Today, the mandate for a holistic cybersecurity and data protection strategy is a top priority for our clients, Global Data Vault is a powerful addition as they bring industry leading cloud-based data protection solutions that bolster our premier cybersecurity portfolio, top-notch employees, a strong Veeam partnership, and relentless focus on client success." Steve Lewis, CEO of Dataprise Founded in 2004, Global Data Vault is a recognized leader in the BaaS and DRaaS industry and holds the distinction of being a Platinum Veeam Cloud & Service Provider. Global Data Vault's mission is to protect organizations' critical data with modern data protection strategies to ensure business continuity and eliminate downtime. Headquartered in Dallas, TX, Global Data Vault protects hundreds of clients across the United States, Canada, and the United Kingdom. "Our clients are facing new challenges driven by dramatic changes in the cybersecurity threat landscape and evolution of IT strategies including cloud adoption," said Anthony Galley, Chairman of Global Data Vault. "Dataprise has an enviable portfolio of cybersecurity, managed IT services, and cloud services that enhance the value of our modern data protection and DRaaS offerings. Together with Dataprise we are perfectly positioned to provide our clients even greater value." "We're excited for the opportunity that joining Dataprise presents for our clients, employees and partners. We now have a much broader set of services, capabilities and resources all aimed at protecting client data and ensuring business continuity," said Will Baccich, CEO of Global Data Vault. This marks Dataprise's second acquisition as the company executes on its strategy to build the broadest managed services portfolio and give clients one strategic IT partner to solve it all. The recent acquisition of Wireless Watchdogs added a comprehensive Mobility Managed Services (MMS) and Mobile Device Management (MDM) portfolio aimed at solving mobile device, Internet of Things (IoT) and endpoint management challenges. About Dataprise Founded in 1995, Dataprise believes that technology should enable our clients to be the absolute best at what they do. This commitment to client success is why Dataprise is recognized as the premier strategic managed service and security partner to strategic CIOs and IT leaders across the United States. Dataprise delivers best-in-class managed cybersecurity, disaster recovery as a service (DRaaS), managed infrastructure and managed end-user services that transform business, enhance user experiences, and eliminate risks.

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DATA SECURITY

Years of Growth Lead to Covail Acquisition by Cybersecurity Firm GoSecure

Covail | December 23, 2021

Covail, a Columbus-based cybersecurity and digital optimization firm founded by Central Ohio’s largest companies, is being acquired by a leading Managed Detection and Response firm. Covail announced today that it has agreed to be acquired by cybersecurity and managed detection and response (MDR) services provider GoSecure. The transaction is estimated to close in December 2021. Terms of the acquisition were not disclosed. “Since our founding six years ago as the Columbus Collaboratory, our goal has been to find ways to leverage collaboration to deliver successful AI, cybersecurity and cloud-based software solutions to our Fortune 500 clients,With this acquisition by GoSecure, our clients will now have access to an even broader set of capabilities and expertise thanks to our ability to leverage GoSecure’s class-leading capabilities and solutions. This will also help to further accelerate market penetration for our leading-edge security products and AI capabilities.” Covail CEO Matt Wald Covail, as Columbus Collaboratory, was born out of the aspiration of seven of the largest companies in central Ohio – American Electric Power (AEP), Battelle, Cardinal Health, Huntington Bank, L Brands (now Bath & Body Works), Nationwide, and OhioHealth – in partnership with One Columbus. The goal of the endeavor was to solve common automation, AI, and cybersecurity challenges across multiple industries. “The diversity and maturity of these founding companies made Covail the innovative, value-driven, solutions partner that it is today”, said Michael Krouse, SVP of Strategy and Transformation at Ohio Health and Chairman of the Covail Board. “Covail accelerated the cybersecurity and AI capabilities of the founding companies, upskilled critical tech talent for the region, and built a high-growth company that contributed to our region’s economic growth engine. It’s exciting to be able to leverage this strategic relationship to secure Columbus as the Midwest’s premier cybersecurity hub.” Through its ecosystem of collaborators and commercial partners, Covail’s technology teams executed over 1,000 engagements and collaboration sessions that solved complex business challenges using machine learning and the latest cyber defense practices. The firm’s work attracted top technology talent to the region, Wald said, and led to the development of software products that enabled advanced cyber threat detection and continuous risk management. GoSecure is a recognized cybersecurity leader and innovator. The company is the first and only to integrate endpoint, network and email threat detection into a single Managed Detection and Response (MDR) service. GoSecure plans to leverage Covail’s talent, proprietary technology, and client relationships to build a regional presence in Central Ohio that will help accelerate its momentum in the US market. GoSecure’s access to technology talent and partnerships made Columbus an attractive, economically viable location for a cybersecurity hub, Wald said. Wald said partnership with the original companies in the Covail firm will continue, along with an expansion to additional businesses with the goal of making Central Ohio a major U.S. cybersecurity operations center. About Covail Covail™ is a trusted solutions partner, enabling organizations to optimize through Intelligent Operations solutions that lower total risk and cost for key business functions, equipping them to transform from a position of strength. Since 2015, Covail’s experts in Cybersecurity, Artificial Intelligence (AI), and Automation have been delivering business results for leading Fortune 500 companies across industries. Trustworthy, Intelligent Operations. Accelerated. Learn more at covail.com. About GoSecure GoSecure is a recognized cybersecurity leader and innovator, pioneering the integration of endpoint, network, and email threat detection into a single Managed Detection and Response service. The GoSecure TitanTM platform delivers predictive multi-vector detection, prevention, and response to counter modern cyber threats. Titan MDR offers a detection to mitigation speed of less than 15 minutes, delivering rapid response and active mitigation services that directly touch the customers’ network and endpoints. For over 10 years, GoSecure has been helping customers better understand their security gaps and improve their organizational risk and security maturity through MDR and Advisory Services solutions delivered by one of the most trusted, skilled and experienced teams in the industry.

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SOFTWARE SECURITY

SecurityScorecard Launches Cyber Risk Quantification Portfolio Providing Customers Various Models to Conduct Security Cost-Benefit Analysis

SecurityScorecard | April 27, 2022

SecurityScorecard, the global leader in cybersecurity ratings, today introduced its Cyber Risk Quantification (CRQ) capabilities that will enable customers to understand cyber risk in financial terms, enabling organizations to bring cyber risk into holistic business risk analysis, and assisting organizations in a cost-benefit analysis of cyber investment options. SecurityScorecard's CRQ capabilities help customers understand the financial impact of a cyber-attack, gain insight into the probability of incidents over time and quantify the reduction in expected losses if issues are resolved. The SecurityScorecard CRQ capabilities will be included in the company's risk intelligence platform, the industry's first holistic offering that proactively protects organizations from every angle. "Executives and boards of directors lack the ability to connect cybersecurity budgets to business outcomes, hindering the CISO's ability to justify their cybersecurity budgets. By grounding risk quantification in SecurityScorecard's expansive data, we are bringing cyber security to the forefront of daily decision making. Our goal is to help our customers make informed decisions on how to raise the bar on their cybersecurity defenses with optimized investments, and we will continue to partner with leading CRQ thought leaders to provide the options they are looking for." Prashant Pai, Senior Vice President and General Manager Strategic Initiatives, SecurityScorecard To deliver the combined insights of SecurityScorecard's cybersecurity ratings data and leading risk models, SecurityScorecard is partnering with a number of leading CRQ thought leaders and developers including ThreatConnect, and RiskLens, which created Factor Analysis of Information Risk (FAIR™). With multiple views of risk available through the lens of different CRQ frameworks, risk managers can determine which framework is the best fit for their business. With cyber risks becoming increasingly prevalent, boards of directors and executives need to evaluate those risks and become more involved with cybersecurity. Effectively reporting to the board is a key component of every security leader's job. According to Gartner® The 2022 Board of Directors Survey, 88% of respondents viewed cybersecurity as a business risk, while 72% stated they are focused on aligning risk, strategy and performance to drive business resilience.1 "The CRQ integration between RiskLens and SecurityScorecard will finally give organizations of all sizes what they need to effectively understand and manage cyber risk: an automated, 'dollars and cents' view of cyber risk," said Nick Sanna, CEO, RiskLens. "Based on the FAIR cyber risk quantification standard, on industry benchmark data and on their SecurityScorecard security rating, organizations can now make risk-informed business decisions." "ThreatConnect is excited to partner with SecurityScorecard as the combination of their external cybersecurity risk posture and the power of ThreatConnect Risk Quantifier (RQ) connects the outside and inside views for an organization, giving them a 360 degree perspective of the risk to their organizations," said Jerry Caponera, Vice President of Cyber Risk Strategy for ThreatConnect. "Applying ThreatConnect's statistical and machine learning algorithms to the SecurityScorecard data enables customers to easily visualize their risk and, more importantly, prioritize which factors should be improved based on financial risk reductions." SecurityScorecard's CRQ portfolio enables executives, CISOs and risk managers to obtain a comprehensive view of their cyber risk that enables them to define cyber risk in a universally understood metric and embed those insights into decisions across the organization. SecurityScorecard's CRQ capabilities also offer: Scalable risk quantification methodology - With continuous monitoring of over 12 million companies, SecurityScorecard grounds its analysis in a consistent cybersecurity data-driven approach to deliver a real-time view of risk. Contextualized view of cyber risk - SecurityScorecard directly ties financial impact to the security issues that drive losses. Multiple risk quantification frameworks– Multiple risk frameworks are integrated into the CRQ capabilities to ease the evaluation and implementation of CRQ. 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.

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DATA SECURITY

Symphony Technology Group Announces the Launch of Skyhigh Security

Skyhigh Security | March 22, 2022

Symphony Technology Group (“STG”), a leading Menlo Park-based private equity firm focused on the software, data, and analytics sectors, today announced the launch of Skyhigh Security. The new portfolio company was created to satisfy the growing cloud security requirements for large and small organizations. Skyhigh Security’s unique approach extends security beyond data access to securing how the data is used. Its data-aware Security Service Edge (SSE) is built to meet the needs of the modern workforce with security that follows the data and users wherever they are. Earlier this year, STG announced it would be splitting McAfee Enterprise into two organizations—Trellix and Skyhigh Security—to better focus on the very distinct markets of Extended Detection and Response (XDR) and the SSE. At that time STG also announced that Gee Rittenhouse, who previously led Cisco’s cyber security business, would serve as CEO of the SSE business, bringing deep cloud security expertise. “Skyhigh Security has emerged as a dedicated cloud security company that is laser-focused on propelling businesses forward with a comprehensive and converged approach to data security. We’re committed to investing in this business, which is in one of the most important markets in security, SSE.” William Chisholm, managing partner, STG “With the majority of data in the cloud and users accessing it from everywhere, a new approach to security is needed,” said Rittenhouse. “Skyhigh Security has created a comprehensive security platform to secure both data access and data use via unified policies and data awareness. Organizations can now have complete visibility and control and seamlessly monitor and mitigate security risks—achieving lower associated costs, driving greater efficiencies and keeping pace with the speed of innovation.” “Organizations are at a crossroads navigating the hybrid workforce,” said Frank Dickson, vice president, IDC. “While the ‘work from anywhere’ model creates flexibility and agility, it can also be a point of security vulnerability, challenging perimeters and endpoints and opening new attack surfaces in the cloud. These organizations need a best-in-class cloud-native solution that simplifies the implementation of cloud security to protect data regardless of where it lies.” “Protecting the way data is used is as important as the way data is accessed—we must implement a powerful data-centric defense to meet the demands of how work is conducted today,” said Dan Meacham, chief information security officer, Legendary Entertainment. “Skyhigh Security’s platform approach is completely integrated and simple to use. With over 10 years focus on cloud security, they are a pioneer in the SSE space. Skyhigh Security’s innovations have been validated both by analysts and customers alike. It is truly one of the most solid and unique SSE solutions in the market today.” The Skyhigh Security SSE Portfolio includes Secure Web Gateway (SWG), Cloud Access Security Broker (CASB), Zero Trust Network Access (ZTNA), Cloud Data Loss Prevention (DLP), Remote Browser Isolation technology, Cloud Firewall and Cloud Native Application Protection Platform (CNAPP). The company was most recently named a Leader in the 2022 Gartner® Magic Quadrant™ for Security Service Edge and recognized in the 2022 Critical Capabilities for SSE for its MVISION Unified Cloud Edge (UCE) solution. About Skyhigh Security: Skyhigh Security protects organizations with cloud-native security solutions that are both data-aware and simple to use. Its market-leading Security Service Edge (SSE) Portfolio goes beyond data access and focuses on data use, allowing organizations to collaborate from any device and from anywhere without sacrificing security.

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Spotlight

"The distributed denial of service (DDoS) threat landscape against financial institutions has evolved over
the past year, with politically motivated ""hacktivists"" emerging as a new source of attacks alongside the
more traditional hackers seeking financial gain. The hacktivists use massive DDoS attacks and have
targeted a number of major banks, particularly in the US."

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