CLOUD SECURITY

Deloitte Plans to Acquire Cloudquest to Expand its Cloud Cybersecurity Footprint

Deloitte | June 08, 2021

Today, Deloitte declared plans to acquire CloudQuest, a cloud security posture management provider based in Cupertino, California. According to the Deloitte’s cyber cloud leader and principal Vikram Kunchala, the Terms of the deal weren’t revealed, but it will strengthen Deloitte’s existing cloud cybersecurity offerings to handle the security workflows and improve data security.

“While the global pandemic had decelerated certain things, it could not slow down the cloud migration or reliability for the majority of organizations,” Kunchala narrated in a press release. “As organizations put efforts to build or advance their security program for cloud or hybrid-cloud environments, we’re growing and expanding the range of our services and solutions to help our clients continuously track, prevent, and revive security threats.”

Some experts forecast that forensics tools only provide 5% or less of the data required to inspect a cloud attack. Forensics analysts believe that an attack is not a worthwhile further investigation because it requires humungous effort to have a detailed analysis. However, these attacks are not reducing. Based on the report from IronNet, about 20% of organizations gets affected by cyber-attacks six or more times a year. 80% say that they have experienced at least one high-severity cyber-attack last year, which required a board-level meeting to resolve.

CloudQuest

CloudQuest was founded in the year 2017 by Nishan Sathyanarayan, Ramesh Menon, and Vijay Sarathy. It offers a platform to analyze the security of a company and act to solve potential issues. The company features hierarchy-aware orchestration of Google Cloud Platform (GCP) that allows it to use GCP-specific information — like the event origin or resource access permissions — to decide about the ways to handle automation in response to security events. Their technology integration with a range of enterprise ticketing and security analytics tools helps to automatically create tickets and assign them to the owners, based on the priorities defined by the rules criteria. It processes the data, using resources within the cloud deployment of the organization, and ensures that the details remain under the control of the organization.

According to Sarathy, joining Deloitte will enable CloudQuest to develop its capabilities, helping organizations defend the “Gen-X” security threats and promoting modernization to adopt more efficient cloud security competences. He quoted that, “This new episode is one that my cofounders … and I always wanted to achieve as we worked to help those in the cloud to fast-track their cybersecurity efforts.”.

The CloudQuest acquisition for Deloitte represents the company’s latest expansion into a cloud security market that is estimated to be worth $20.9 billion by 2027. Earlier this year, the firm acquired Root9B, a Colorado Springs-based provider of advanced cyber threat detecting services and solutions. Root9B offers customized managed services, vulnerability assessment and penetration testing, along with defense forensics, incident response, defensive security and training on hunt operator.

According to Deloitte risk and financial advisory cyber and strategic risk leader Deborah Golden, “We see remarkable opportunity in innovative approaches that help organizations securely renovate and operate while also realizing competitive benefit — and we are constantly investing to bring the most advanced solutions to our clients. Our acquisition of CloudQuest signifies our thoughtful commitment to transforming along with our clients, competing actively in the market, and vigorously building out tech-enabled methods that position Deloitte cyber as an absolute business enabler.”

Spotlight

On the flip side to all the fear, there is evidence that SMB cloud adoption is continuing to increase. Despite any uncertainties, the opportunity to save money gives way to any shadowy doubts of the potential security risks. Below is an info graphic provide by the NJ Institute Of Technology which provides a quick cloud refresher for small businesses.


Other News
CLOUD STORAGE

Accenture Acquires Ergo to Expand Data & AI Capabilities and Accelerate Data-Led Transformation on the Cloud

Accenture | April 23, 2022

Accenture (NYSE: ACN) has acquired Ergo, a data-centered business located in Argentina that helps companies create a culture of data-driven decision-making using big data, analytics and artificial intelligence (AI). Ergo’s team of 200 data specialists will join the Data & AI team within Accenture Cloud First. Financial terms of the acquisition were not disclosed. The acquisition expands Accenture’s Cloud First capabilities to drive data-led transformations for clients in the Hispanic South American market, spanning Argentina, Chile, and Colombia. With headquarters in Buenos Aires, Ergo brings human-centric design principles to build data solutions that guide better business decisions. Founded in 2004, Ergo combines technology expertise and customer-focused consulting to integrate data and AI across the enterprise and create a trusted single source of insights. Almost every day, 2.5 quintillion bytes of data are created by humans and machines across the cloud continuum at the edge, on the internet and in data centers. Cloud is the place where all this data gains accessibility and scale. Cloud’s advanced data & AI tools empower companies to transform data into intellectual capital like never before. By acquiring Ergo, Accenture will bring more resources to help clients gain insights about where to focus their transformation for the most value and how data can support better decision-making through the transformation process.” Karthik Narain, global lead for Accenture Cloud First Ariel Güelmos, Ergo’s CEO said, “Joining the Accenture Cloud First team will enable us to scale our data-led experience for major worldwide clients to achieve better business outcomes, faster – from improving how they work, how they serve customers, and how they differentiate through new products and services.” About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities

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CLOUD INFRASTRUCTURE MANAGEMENT

BT Selects Google Cloud as Strategic Partner for Group-Wide Data and AI Transformation

BT | March 11, 2022

Today, Google Cloud and BT announced a strategic, five-year partnership to accelerate BT's company-wide digital transformation. The collaboration will involve BT using a suite of Google Cloud products and services—including cloud infrastructure, machine learning (ML) and artificial intelligence (AI), data analytics, security, and API management—to deliver superior customer experiences, reduce costs and risk, and build new revenue streams. BT is undertaking a massive digital transformation through its BT Digital unit, and this initiative includes creating a group-wide data and AI fabric as part of its cloud-first and AI-first strategy. Under the partnership, the two companies will help BT unlock hundreds of new business use-cases to strengthen its ambitions around digital offerings and creating hyper-personalised customer engagement. BT's data transformation is centred around driving business outcomes and using AI and deep ML across the organisation to allow businesses and customers to make more data-led decisions, as well as creating deeper personalisation for customer offerings and new go-to-market propositions. This will also enable BT to have real-time network analytics to allow for a more enhanced customer service through predictive fault management and assurance. In addition, Google's SRE team will partner with BT to foster a continuous delivery and "zero ops" autonomous operations culture to accelerate product development and continuous innovation as part of the new culture of working that BT calls "The Digital Way." Our partnership with Google is one of a series of strategic moves that BT Digital is taking to help accelerate BT's growth and digital transformation. This is a partnership that is deeper than just at the technology level. It will help Digital as a whole supercharge BT and drive its return to growth," Harmeen Mehta, Chief Digital and Innovation Officer, BT. "We're proud to collaborate with one of the world's leading providers of communications services and play an integral part in its digital transformation journey," said Thomas Kurian, CEO at Google Cloud. "By deploying our full cloud capabilities, and support from our SRE organisation, our goal in this partnership is to set up BT with the tools it needs for future growth and innovation." Google and BT have already started working together on adopting Google technology, and plan to complete the core migration of data by 2023. About Google Cloud Google Cloud accelerates every organisation's ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Google's cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems. About BT BT Group is the UK's leading telecommunications and network provider and a leading provider of global communications services and solutions, serving customers in 180 countries. Its principal activities in the UK include the provision of fixed voice, mobile, broadband and TV (including Sport) and a range of products and services over converged fixed and mobile networks to consumer, business and public sector customers. For its global customers, BT provides managed services, security and network and IT infrastructure services to support their operations all over the world. BT consists of four customer-facing units: Consumer, Enterprise, Global and its wholly-owned subsidiary, Openreach, which provides access network services to over 650 communications provider customers who sell phone, broadband and Ethernet services to homes and businesses across the UK.

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CLOUD SECURITY

Sigmoid enables significant cost reduction on Google Cloud Platform for Reckitt

cloud | June 16, 2022

Sigmoid, a leading data engineering and AI solutions firm, partnered with Reckitt a multinational consumer goods company, in successfully concluding a global cloud optimization initiative. This engagement helped Reckitt to improve their data infrastructure on the cloud and enable analytics solutions across marketing and supply chain. With increasing data volumes and multiple business teams relying on access to high quality data, enhancing cloud performance was a strategic imperative for Reckitt. Unplanned spikes in cloud cost and the inability to predict monthly expenses necessitated the development of a solution that would provide 100% visibility of cloud usage at a granular level and ensure continued cost efficiency. "To have a clear view on cloud usage and continuity of key analytics initiatives, we partnered with Sigmoid. Their expertise in optimizing data infrastructure on multiple cloud platforms helped us leverage the best practices in monitoring, guard railing and optimization which brought down our cloud costs by more than 50% for all BAU projects in GCP," said Thomson Iruthayaraj, Global Lead Data Strategy and Operations - IT at Reckitt. Sigmoid's cloud optimization solutions and custom dashboards helped Reckitt gain visibility of estimated costs for planned projects and alerts for any fluctuations or anomalies in billing patterns. Reckitt also achieved improvement in query performance by 97% and cost saving by 54%. "We are happy to work with Reckitt in their cloud enablement and optimization. Our association with leading cloud service providers combined with our experience in data management enabled us to develop a highly cost efficient solution with real time monitoring and notification system that drives business critical use cases for Reckitt," Mayur Rustagi, Sigmoid's CTO and Co-Founder. With Reckitt operating a multi-cloud infrastructure, the engagement with Sigmoid has paved the way to further optimize cloud costs, reduce time to insights and deploy enterprise wide best practices to derive the maximum benefit from data residing on the cloud. About Sigmoid Sigmoid combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making.Some of the world's largest data producers are engaging with Sigmoid to solve complex business problems. Sigmoid brings deep expertise in data engineering, marketing analytics, artificial intelligence, and DataOps.

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CLOUD APP DEVELOPMENT

Locix and LAPIS Technology Co. to Jointly Develop Wireless LSI-Enabled Cloud Services to Target Key Challenges Faced by Logistics Industry

Locix | December 20, 2021

Locix, a leading Warehouse Spatial Intelligence solution provider, today announced a strategic joint agreement with LAPIS Technology Co., Ltd., a ROHM Semiconductor Group subsidiary, to develop and commercialize wireless LSI-enabled cloud services aimed to address critical challenges in the supply chain and logistics industry. The industry is facing unprecedented levels of demand amid labor shortages, limited logistics real estate, strained transportation systems, and market constraints. According to a survey by Korn Ferry, nearly 100% of respondents from the retail industry said they are having challenges hiring distribution center employees with 40% having “significant challenges” and 57% having “moderate trouble.” Further, a recent report released by Prologis, a global leader in logistics real estate, stated that warehouse space availability has reached 3.9%, an all-time low. To help alleviate these challenges, Locix and LAPIS will collaborate to provide unique WSI solutions, which will improve the overall productivity, efficiency, space, and dock utilization in warehouses. The joint WSI solutions will initially integrate LAPIS’s Low Power Wide Area and ultra-high frequency radio frequency identification LSI with the Locix Cloud. The LPWA-enabled solution will provide a low-cost, reliable, and durable way to send the precise location of trucks en route to warehouses to the Locix Cloud. The truck’s outdoor location data will be integrated with Locix’s indoor positioning system and HD vision system to improve loading dock visibility, efficiency, and utilization while enabling new operational analytics. “We are confident that the combination of our LSI products and Locix’s cloud-based Warehouse Spatial Intelligence solutions will prove to be a simple and cost-effective solution for the modern challenges faced by the industry," Hiroyuki Fukuyama, Director, LAPIS Technology To address urgent market needs that were prompted by the pandemic, LAPIS’s LPWA LSI combined with UHF RFID and LPS system will leverage temperature and location sensor fusion to dial up the efficacy of cold chain monitoring outdoors and indoors, at a lower cost. The solution will improve safety, reduce food waste and lessen pharmaceutical product spoilage – improving overall supply chain resilience. “Locix has led the industry in the commercialization of spatial intelligence solutions,” said Vik Pavate, CEO of Locix. “We are excited to partner with LAPIS Technology, an experienced wireless industry company, in order to expand Warehouse Spatial Intelligence to include new sensor data. These enhancements to spatial intelligence technology will further improve the productivity and efficiency for our customers." About Locix Locix develops cloud-based spatial intelligence solutions for commercial buildings, consumer homes and connected devices – digitizing the physical world. Locix solutions uniquely capture location, visual and sensor data and combine them with advanced data analytics to provide spatial awareness and enable actionable insights for automated decision making. Based in Silicon Valley, Locix is backed by leading venture and strategic investors including ID Ventures, University of Tokyo Edge Capital, Murata Manufacturing, Prologis Ventures, Rohm, Daikin, NTT Docomo Ventures, Sumitomo Corporation of Americas, iRobot Corp., YE Digital, Yaskawa Electric Corporation and Acer Inc. About LAPIS Technology Co., Ltd. LAPIS Technology Co., Ltd. is a ROHM Group semiconductor company providing microcontrollers, communication LSIs, video LSIs, display drivers and battery monitoring LSIs. LAPIS Technology was established on October 1, 2020 by splitting off the LSI business from LAPIS Semiconductor Co., Ltd.

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Spotlight

On the flip side to all the fear, there is evidence that SMB cloud adoption is continuing to increase. Despite any uncertainties, the opportunity to save money gives way to any shadowy doubts of the potential security risks. Below is an info graphic provide by the NJ Institute Of Technology which provides a quick cloud refresher for small businesses.

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