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Modus Partners with AgileBlue to Announce Modus Data Protector™, for…

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“…the threat of data breaches that disrupt business operations and cause significant damage to an organization’s reputation and finances…organizations assume that endpoint or perimeter security products are sufficient. This classic approach is wildly outdated and ineffective.” – Mike Krafton

Security threats evolve quickly, and proper investigation and response require people who understand endpoints, networks, cloud applications, and more. Many organizations require a skilled SOC manager, an experienced Security Analyst, a Threat Researcher, Security Architect, Security Analyst, a Cloud Security Architect, etc… This means you need a team that is always learning so they have the right skills when you need them. Unfortunately, the overall talent market has a critical shortage of advanced cybersecurity skills, and there are not enough qualified resources to meet the demand.

“Security is now so embedded and such a critical business component, trying to isolate security from technology solutions is like trying to determine which blade of the scissors is more important. Both are essential. Pro-active detection allows our customers to win a battle many companies and law firms are not equipped to win. It is also difficult to win a battle with no visibility to what your opponent is trying to do. We are bringing to the market our Modus Data Protector™ solution to give our customers the control, confidence, and visibility they need to win, says Steven Horan, Chairman and CEO of Modus.

Cybersecurity is complex and there will always be multiple technologies that need to work together. This requires maintaining technical skills to implement, update, and configure each component and training your staff on new versions and features. If you run your own SOC, you need to manage these vendor relationships, licensing, and training activity. Having 24×7 coverage is no longer optional. It’s a necessity! Leaving an adversary free to plant seeds for hours, days, or weeks makes it infinitely harder to contain and remove threats. The adversary knows they have limited time to do as much damage as possible, as in the case of ransomware, or to set back doors, as in the case of data exfiltration. You have the best chance of recovery if you can investigate and respond within minutes, so a solution that provides around-the-clock coverage is crucial.

“All organizations are in varying levels of maturity when it comes to security, as well as resource limitations needed to address them,” said Mike Krafton, vice president of Data Privacy and Governance at Modus. “but these challenges were magnified when COVID forced many organizations into accelerated cloud adoption. Modus can review their risk posture and tolerance and close the gaps left by these hastened transformations. Add to that the threat of data breaches that disrupt business operations and cause significant damage to an organization’s reputation and finances, especially to businesses that don’t have the resources to build a fully operational Security Operations Center (SOC). Too many organizations assume that endpoint or perimeter security products are sufficient. This classic approach is wildly outdated and ineffective.”

“AgileBlue helps organizations intelligently assess risk, secure and protect sensitive data, and effectively respond to regulatory requirements,” said Tony Pietriccola, President, AgileBlue. “Modus has a long respected history in the legal market, and the fact that they engage legal and IT on a range of security and compliance services including data governance strategies, data privacy solutions, data loss prevention, and cloud security just makes sense to us. With this partnership, AgileBlue is proud to support their ‘Modus Data Protector™’ SOCaaS managed service offering, and excited to augment their advanced security, breach mitigation, and breach response capabilities.”

If budget isn’t an issue AND you have the resource availability to properly focus on building out a 24×7 Security Operations Center, then it may make sense to go that route. If you are constrained on either of those fronts, then Modus suggests that SOCaaS would be a better approach. In summary, Modus Data Protector™ SOCaaS will allow you to:

  • Leverage security insights from other organizations
  • Have predictable spending – no need for surprise budget requests
  • Handle alerts more efficiently and with more predictable results
  • Have the agility and keep pace with your ever-changing organization’s IT demands
  • Enjoy a 24 x 7 x 365 promise to you that includes human-based responses, asset discovery, vulnerability assessment, intrusion detection, behavior monitoring, log management, and cloud-based SIEM

About AgileBlue

AgileBlue is a software company with an innovative SOC-as-a-Service for 24X7 network monitoring, cloud security, data privacy, and compliance. With decades of cybersecurity and engineering experience, the team at AgileBlue developed a modern SOC-as-a-Service platform that protects the company’s critical network infrastructure, cloud, and confidential data. Founded by Joe Marquette and Tony Pietrocola, AgileBlue is a premier 24X7 Autonomous CyberSOC. AgileBlue Leadership also advises company executives and their boards on cyber threats, drafting a cyber strategy, and cyber risk management as a service.

About Modus

Modus Discovery, Inc is a relationship-driven data management company that leverages a team of seasoned entrepreneurs and industry veterans. We’ve been in your shoes – as business leaders, CIOs/CTOs, general counsel, and cybersecurity experts. We know the challenges you are facing because we’ve lived through them ourselves. It is this empathy that drives our commitment to provide you with the most effective solutions and to make each information governance or eDiscovery partnership a stunning success. Modus brings together people, processes, and technology in concert to help clients with compliance and eDiscovery challenges. Our Modus staff has developed their subject matter expertise from decades of hands-on tenure in their related fields, producing proficient and empowered advisors ready to make timely decisions of maximum benefit to our clients and their needs.

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Source: https://www.prweb.com/releases/modus_partners_with_agileblue_to_announce_modus_data_protector_for_managed_breach_protection_from_cybersecurity_threats/prweb17902500.htm

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Meituan shares slump as fallout from CEO’s poem post festers

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SHANGHAI (Reuters) – Shares of Chinese food delivery giant Meituan slumped further on Tuesday in a sell-off precipated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping.

The company, which recently raised $10 billion, has lost $30 billion in market value over two days amid a broader drop in Chinese tech shares as investors remain jittery over a regulatory clampdown that last month ensnared Meituan.

The poem, posted on May 6 by Chairman and CEO Wang Xing on a small social media site that he founded, criticises the emperor of the Qin dynasty, who burnt books to suppress intellectual dissidents, only for it to be overthrown by illiterates. While many on Chinese social media interpreted the posting as an allusion to the anti-monopoly campaign backed by Xi, Wang on Sunday said he was referring to business rivals, saying that “the most dangerous opponents are often unexpected ones”.

The original posting has been removed.

Meituan declined further comment.

Adding to investor concerns, the Shanghai Consumer Council said late on Monday that it had summoned Meituan and e-commerce firm Pinduoduo, accusing them of violating consumer rights. On Tuesday, Meituan shares tumbled 5.3% to a seven-month low. “I think mainland investors paid more attention to the poem, but international investors are more worried about the rising cost of employing riders of the company,” said Fred Wong, chief investment officer at Hong Kong-based eFusion Capital.

He was referring to social media criticism of Meituan and other industry players’ treatment of delivery riders, most of whom are not covered by basic social and medical insurance.

The Hang Seng Tech Index, which includes Chinese tech giants Alibaba, Tencent and JD.com, dropped as much as 4.5% on Tuesday to a six-month low.

(Reporting by Shanghai and Beijing newsrooms, Editing by Tony Munroe and Gabriela Baczynska)

Image Credit: Reuters

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Source: https://datafloq.com/read/meituan-shares-slump-fallout-ceos-poem-post-festers/14574

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Meituan shares slump as fallout from CEO’s poem post festers

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SHANGHAI (Reuters) – Shares of Chinese food delivery giant Meituan slumped further on Tuesday in a sell-off precipated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping.

The company, which recently raised $10 billion, has lost $30 billion in market value over two days amid a broader drop in Chinese tech shares as investors remain jittery over a regulatory clampdown that last month ensnared Meituan.

The poem, posted on May 6 by Chairman and CEO Wang Xing on a small social media site that he founded, criticises the emperor of the Qin dynasty, who burnt books to suppress intellectual dissidents, only for it to be overthrown by illiterates. While many on Chinese social media interpreted the posting as an allusion to the anti-monopoly campaign backed by Xi, Wang on Sunday said he was referring to business rivals, saying that “the most dangerous opponents are often unexpected ones”.

The original posting has been removed.

Meituan declined further comment.

Adding to investor concerns, the Shanghai Consumer Council said late on Monday that it had summoned Meituan and e-commerce firm Pinduoduo, accusing them of violating consumer rights. On Tuesday, Meituan shares tumbled 5.3% to a seven-month low. “I think mainland investors paid more attention to the poem, but international investors are more worried about the rising cost of employing riders of the company,” said Fred Wong, chief investment officer at Hong Kong-based eFusion Capital.

He was referring to social media criticism of Meituan and other industry players’ treatment of delivery riders, most of whom are not covered by basic social and medical insurance.

The Hang Seng Tech Index, which includes Chinese tech giants Alibaba, Tencent and JD.com, dropped as much as 4.5% on Tuesday to a six-month low.

(Reporting by Shanghai and Beijing newsrooms, Editing by Tony Munroe and Gabriela Baczynska)

Image Credit: Reuters

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Source: https://datafloq.com/read/meituan-shares-slump-fallout-ceos-poem-post-festers/14574

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Renault, Nissan looking for more savings on batteries – De Meo

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PARIS (Reuters) – French carmaker Renault and its Japanese alliance partner Nissan are in talks to collaborate more and improve the savings they can derive from using the same battery technology, Renault Chief Executive Luca de Meo said on Tuesday.

Batteries are one of the costliest aspects of developing electric cars, at a time when auto groups are racing to pull ahead in this segment. For Renault and Nissan, it has also long been one of the weaker points of a partnership stretching back over 20 years, with each sourcing batteries in different ways, including from South Korea’s LG for the French firm.

“If we manage to come up with a very synergetic approach on batteries, the alliance will probably be one of the first to cross the threshold of a million cars sold on the same battery module,” De Meo told a Financial Times car conference.

Collaborating on battery technology will be a big test of the future of the Renault-Nissan alliance, shaken by the 2018 arrest of its architect-turned-fugitive Carlos Ghosn, and which new managers at both firms are trying to get on track.

They face stiff competition from the likes of Volkswagen in the race to produce cleaner, electric vehicles at an appealing price for consumers. Their German rival is planning to build six battery factories in Europe alone by 2030.

De Meo said on Tuesday that Renault and Nissan were cooperating closely on production and sourcing components.

“We are making a lot of decisions to communalise things… battery modules for example is one of the things we’re discussing right now,” De Meo added.

Both firms are still straining to deliver on their own turnaround plans, and Nissan on Tuesday posted a record annual loss, triggered in part by the COVID-19 pandemic. That will drag on earnings at Renault, which has a stake in the firm.

Renault shares were down 4.8% at 0944GMT.

(Reporting by Gilles Guillaume and Sarah White, editing by Estelle Shirbon)

Image Credit: Reuters

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Source: https://datafloq.com/read/renault-nissan-looking-savings-batteries-de-meo/14573

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Renault, Nissan looking for more savings on batteries – De Meo

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Published

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PARIS (Reuters) – French carmaker Renault and its Japanese alliance partner Nissan are in talks to collaborate more and improve the savings they can derive from using the same battery technology, Renault Chief Executive Luca de Meo said on Tuesday.

Batteries are one of the costliest aspects of developing electric cars, at a time when auto groups are racing to pull ahead in this segment. For Renault and Nissan, it has also long been one of the weaker points of a partnership stretching back over 20 years, with each sourcing batteries in different ways, including from South Korea’s LG for the French firm.

“If we manage to come up with a very synergetic approach on batteries, the alliance will probably be one of the first to cross the threshold of a million cars sold on the same battery module,” De Meo told a Financial Times car conference.

Collaborating on battery technology will be a big test of the future of the Renault-Nissan alliance, shaken by the 2018 arrest of its architect-turned-fugitive Carlos Ghosn, and which new managers at both firms are trying to get on track.

They face stiff competition from the likes of Volkswagen in the race to produce cleaner, electric vehicles at an appealing price for consumers. Their German rival is planning to build six battery factories in Europe alone by 2030.

De Meo said on Tuesday that Renault and Nissan were cooperating closely on production and sourcing components.

“We are making a lot of decisions to communalise things… battery modules for example is one of the things we’re discussing right now,” De Meo added.

Both firms are still straining to deliver on their own turnaround plans, and Nissan on Tuesday posted a record annual loss, triggered in part by the COVID-19 pandemic. That will drag on earnings at Renault, which has a stake in the firm.

Renault shares were down 4.8% at 0944GMT.

(Reporting by Gilles Guillaume and Sarah White, editing by Estelle Shirbon)

Image Credit: Reuters

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Source: https://datafloq.com/read/renault-nissan-looking-savings-batteries-de-meo/14573

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