New DivvyCloud Report Finds Breaches Caused by Cloud Misconfigurations Cost Enterprises Nearly $5 Trillion

DivvyCloud | February 19, 2020

New DivvyCloud Report Finds Breaches Caused by Cloud Misconfigurations Cost Enterprises Nearly $5 Trillion
-DivvyCloud, the leading provider of security and compliance automation for cloud and container environments, today released its 2020 Cloud Misconfigurations Report, which substantiates the growing trend of data breaches caused by cloud misconfigurations and quantifies their impact on companies and consumers around the world. DivvyCloud research found that nearly 33.4 billion records were exposed in breaches due to cloud misconfigurations in 2018 and 2019, amounting to nearly $5 trillion in costs to enterprises globally.

Spotlight

As the cloud computing market continues to grow, enterprises are exploring different cloud models in search of the right balance of functionality, flexibility and investment protection. As many organizations are discovering, offpremises cloud vs. on-premises data center is not an either/ or proposition. Hybrid cloud lets organizations provision, use, and manage IT resources across their on-site data center and a compatible public cloud. A new Market Pulse survey by IDG Research Services indicates that more than 50 percent of organizations are currently using hybrid cloud or in the process of moving workloads to hybrid cloud, and another 15 percent are in the planning stages. Over the next two years, the percentage of applications deployed via hybrid cloud is expected to increase significantly (from 16 percent to 44 percent), along with the IT spending devoted to hybrid cloud deployments, the Market Pulse survey finds.


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Armis Selects Radware to Deliver Cloud Security for AWS

Radware Ltd. | December 30, 2021

Radware® a leading provider of cyber security and application delivery solutions, announced that Armis, a leading unified asset visibility and security platform provider, chose Radware’s Cloud Native Protector to safeguard its Amazon Web Services environment. This born-in-the-cloud business adopted Radware’s solution to fortify its cloud security posture and identify potential vulnerabilities before they evolved into threats. Armis’ security platform enables companies to safely use and control IoT and other unmanaged devices without fear of compromise by cyberattacks. Armis was looking for a solution that would give its DevOps team full visibility and control of its public cloud environment. The company turned to Radware to make it easier for its team to remotely track assets, supervise access to sensitive resources, and detect suspicious activity. “The Radware team understands that we are a dynamic company with requirements that are constantly changing. Radware’s Cloud Native Protector plays an essential role in securing our cloud environment. It helps us see our full cloud picture and focus on what matters most. Radware provides trusted products and support, making this the best solution for our company.” Roi Amitay, head of DevInfra at Armis Radware’s solution enhances the visibility and control Armis has over its public cloud environment. It automates manual analysis and notifies Armis about any publicly exposed assets and potential cyberattacks to help the company prioritize its work. “Cloud-native companies like Armis have unique and constantly shifting security requirements that need specialized solutions,” said Gilad Barzilay, director of public cloud sales at Radware. “Our Cloud Native Protector not only secures Armis’ cloud workloads but also is continually assessing risks and improving visibility and governance of their cloud.” Radware’s Cloud Native Protector is an agentless solution that provides centralized visibility and reporting for workloads and accounts on AWS and Microsoft Azure. Its intuitive 360-degree centralized dashboard shows alerts across accounts and clouds with risk-prioritized alerting so that security teams know which alert to focus on first. Using a multi-layered approach that covers a wide security posture of the cloud and threats to individual workloads, the solution also identifies and prevents public exposure of public facing assets, cloud security misconfigurations, excessive permissions, and malicious activity in the cloud. About Radware Radware® is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection, and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity, and achieve maximum productivity while keeping costs down.

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Accenture Announces Intent to Acquire AFD.TECH to Bolster its Cloud First Network Capabilities

Accenture | December 16, 2021

Accenture has announced its intent to acquire AFD.TECH, an independent network services company specializing in network engineering, operations and business services. Financial terms of the transaction are not being disclosed. This acquisition would add more than 1,600 highly skilled professionals to Accenture globally, along with multidisciplinary capabilities across engineering, design, deployment, and operation of next generation networks, such as 5G and fiber. “The combination of latest technologies such as 5G, cloud and next generation IoT is transforming the way businesses are operating across all the industries by creating opportunities for innovative services and new sources of growth. To succeed in their digital transformation and take advantage of its full potential, companies must act now to adopt the right strategy and build new business solutions enabled by network investments. This acquisition would give us a significant footprint in advanced mobile and enterprise networks.” Olivier Girard, market unit lead for Accenture in France & Benelux The newly acquired expertise when combined with Accenture’s Cloud First capabilities would provide a broad spectrum of proven practices, operational excellence and human ingenuity to help clients drive comprehensive transformation across their disparate networks. Karthik Narain, global lead, Accenture Cloud First, said: “Most networks were not built for today’s highly distributed world of cloud, edge devices and remote work. Increasingly, companies will need to invest in modern networks that seamlessly connect across the dynamic capabilities of the cloud continuum—from public through edge and everything in between. AFD.TECH’s network operations and IT capabilities, as well as its deep industry knowledge, would complement Accenture’s cloud, edge computing, security, and network capabilities to help clients shape, build and operate cloud-first networks.” Founded in 1998, AFD.TECH serves leading telecom brands and clients across various other industries, including energy, industrial, infrastructure and life sciences sectors. The company is based in France with additional offices in Belgium and Morocco. “Combining our strengths with Accenture would allow us to leverage the potential offered by the latest technologies and to allow an even-broader client base, both existing and future, to grasp the full potential of the range of new services that will be generated by the deep transformation across nearly every industry and market in the next five years. The opportunity to join Accenture would allow us to scale capabilities and enable tremendous opportunity for our clients, our company and our people. Together, we would help clients adapt their operating model, expand the skills of their people and drive innovation to unlock the full potential of 5G.” said Jérôme Picard, co-founder and CEO of AFD.TECH. The acquisition of AFD.TECH would strengthen Accenture’s network operations capabilities in Europe and follows Accenture’s acquisition of Arca last November and of umlaut in October 2021. The acquisition requires prior consultation with the relevant works councils and would be subject to customary closing conditions. 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 624,000 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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AVCtechnologies Announces Filing of Resale Registration Statement as Part of Funding Plan

American Virtual Cloud Technologies, Inc. | January 04, 2022

American Virtual Cloud Technologies announced that it has filed a resale registration statement on Form S-3 as part of several initiatives to raise growth capital and improve liquidity through an increased share float. Pursuant to its recent S-3 filing, AVCtechnologies has completed the registration of 37,916,668 shares which underlie warrants that were previously issued in accordance with previously announced financing transactions. These financings are a critical step in the company’s fundraising plan and will enable it to execute on its strategic growth initiatives such as the recently announced partnerships with Braidio and Etisalat. If all the warrants issued in the previously announced financing transactions are exercised, AVCtechnologies would receive approximately $41 million in incremental cash on its balance sheet, based on the warrant exercise prices, which currently range from $1.50 to $2.00 per share. To date, the Company has already raised approximately $35 million from the previously announced financing transactions. Full exercise of these warrants would also increase the public float of AVCtechnologies stock by nearly 19 million shares, as only half of the registered shares will actually be issued absent any adjustments to the terms of the warrants. The resale registration statements filed in connection with the financing transactions have registered 200% of the number of shares currently issuable upon exercise of the warrants, to comply with obligations under the transaction documents to “over-register” shares to provide for potential repricing of warrant strike prices without the need for additional registration statement filings. No dilution will occur from any non-issued registered shares. “With the latest S-3 filing, Phase I of our funding plan is complete and the Company will benefit from increased liquidity in the marketplace to the extent the remaining warrants are exercised. We are now in position to execute on Phase 2 of our funding strategy, the planned divestiture of Computex Technology Group, the proceeds from which, coupled with the Phase 1 proceeds, are expected to completely eliminate the Company’s debt and fully fund our plan.” Larry Mock, Chairman of the Board of AVCtechnologies Darrell J. Mays, CEO of AVCtechnologies, said, “Any additional capital received from the sale of these securities will be beneficial as we continue to expand our product offerings and accelerate our existing growth strategies with large enterprise customers.” AVCtechnologies previously announced that revenues of its Kandy Business Unit are projected to grow from $14.3 million in 2020 to approximately $18.8 million in 2021 and to more than $37 million in 2022. About American Virtual Cloud Technologies, Inc. American Virtual Cloud Technologies, Inc. is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. Our mission is to provide global technology solutions with a superior customer experience. In 2020, American Virtual Cloud Technologies, Inc., acquired Computex Technology Group and Kandy Communications.

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Empire Technologies Risk Management Group Acquires GoldMind Legal Cloud Solutions Company

ETRM Group | December 17, 2021

Empire Technologies Risk Management Group the experts on data security, announces the acquisition of legal cloud solutions company GoldMind. The acquisition expands ETRM Group’s footprint in the Washington, D.C. market, enhancing its eDiscovery, data protection and data management solutions. GoldMind’s clientele includes law firms and corporations around the country with a concentration of business in the Washington, D.C. area and provides remote and in-person data support services for investigative and legal matters. Their areas of expertise include data acquisition and forensics, eDiscovery, data breach support, data privacy, big data analytics, language services, and professional staffing. ETRM Group’s clientele includes law firms, corporations, and government agencies. Its services include data protection and cybersecurity consultancy, discovery services, digital forensics, document review services and data risk management. “Joining ETRM Group will give our clients greater access to more technology solutions and subject matter experts to help solve their complex eDiscovery and legal data challenges. I’m excited for our clients to immediately benefit from ETRM Group’s in-depth expertise and resources. I know they will appreciate what this acquisition brings them.” GoldMind Chief Revenue Officer Jason Walker, who will join ETRM Group in a senior management director role “Acquiring a digitally enabled firm like GoldMind gives ETRM Group an expanded platform in the Washington, D.C. area and an opportunity to continue to broaden our footprint and technology-driven niche within the U.S.,” said Kenya Parrish-Dixon, General Counsel and COO at ETRM Group. “The talent at GoldMind bring a very client-centric approach to their work and our combined team will bring new innovative solutions to help solve important client needs.” About Empire Technologies Risk Management Group Empire Technologies Risk Management Group helps law firms, corporations and federal, state and local governments protect data, leverage technology and optimize workflows. The company views cybersecurity as the foundation of every successful legal and technology process, whether it is eDiscovery, managed review or adapting to new standards like remote workforces. Its team of lawyers and technologists have more than 100 years of collective experience in cybersecurity and information governance, having served federal agencies, including the Federal Deposit Insurance Corporation, the Federal Trade Commission, the White House, Fortune 500 corporations and more.

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Spotlight

As the cloud computing market continues to grow, enterprises are exploring different cloud models in search of the right balance of functionality, flexibility and investment protection. As many organizations are discovering, offpremises cloud vs. on-premises data center is not an either/ or proposition. Hybrid cloud lets organizations provision, use, and manage IT resources across their on-site data center and a compatible public cloud. A new Market Pulse survey by IDG Research Services indicates that more than 50 percent of organizations are currently using hybrid cloud or in the process of moving workloads to hybrid cloud, and another 15 percent are in the planning stages. Over the next two years, the percentage of applications deployed via hybrid cloud is expected to increase significantly (from 16 percent to 44 percent), along with the IT spending devoted to hybrid cloud deployments, the Market Pulse survey finds.

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