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US and UK announce a bilateral privacy-enhancing tech prize challenge

With twin goals of safely harnessing the power of data for business and combating critical transnational privacy concerns, the White House and UK announced the joint prize challenge to develop privacy-enhancing technologies (PETs). The initiative is intended to encourage top minds to evolve new solutions to address global privacy issues ranging from financial crime to health data security.  First winners will be announced next year.

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Ransomware attacks now viewed as national security concern, according to US and allies

December 14, 2021

The US and allies have elevated concerns about cybercriminals to the level of national security. This week, the US Cyber Command’s top general confirmed the military in cooperation with law enforcement is tracking ransomware groups. Canada imposed similar measures, and Ireland stepped up its activities following cyberattacks that disrupted healthcare in the country. Concerns have grown as infrastructure that promotes critical services, such as healthcare and pipelines, have been targeted.

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CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

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