Category Archives: Cloud Computing
Why Ransomware Attacks Steer Clear of the Cloud – Yahoo Finance
Snyk Chief Architect Josh Stella Explains Why Attackers Arent Targeting Cloud Environments With Ransomware and What They Are Doing Instead
FREDERICK, Md., March 18, 2022--(BUSINESS WIRE)--In a brief video explainer and commentary, Josh Stella, chief architect at Snyk and founding CTO of Fugue, a cloud security and compliance SaaS company, talks to business and security leaders about why the cloud is generally spared from ransomware and examines the top threat to their cloud environments.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220318005081/en/
Ransomware made news headlines worldwide earlier this month after a successful attack against one of Toyota Motor Corp.s parts suppliers forced the automaker to shut down 14 factories in Japan for a day, halting their combined output of around 13,000 vehicles.
That attack was the latest example of the threat ransomware poses to all industries. The most recent edition of SonicWalls annual threat report states that the volume of ransomware attacks in 2021 has risen 231.7% since 2019. And an advisory jointly issued by the Cybersecurity and Infrastructure Security Agency (CISA), the FBI, and the NSA reveals the latest trend is ransomware as a service gangs of bad actors essentially "franchising" their ransomware tools and techniques to less organized or less skilled hackers.
Clearly, protecting against ransomware attacks must be part of your organizations holistic cybersecurity strategy if youre still operating data center infrastructure and not cloud infrastructure. Hardening data centers and endpoints to protect against ransomware attacks is mandatory, but cloud infrastructure faces a different kind of threat. And if your organization is all in on cloud, ransomware is less of a worry.
What Is Ransomware?
Dont confuse a ransomware attack with a data breach, which involves stolen data. The purpose of ransomware is not to steal your data (although that can also occur during a ransomware attack) but rather to take control of the systems that house or encrypt your data and prevent you from accessing it until you pay the ransom. This can have a devastating impact on an organization by effectively shutting down operations until access to the data is restored.
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While ransomware is a major cybersecurity threat, were simply not seeing ransomware attacks executed against cloud environments. The reason for this involves fundamental differences between cloud infrastructure and data center infrastructure.
A New Threat Landscape
Your cloud environment is not simply a remote replica of your onsite data center and IT systems. Cloud computing is 100% software driven by application programming interfaces (APIs) the software "middlemen" that allow different applications to interact with each other. The control plane is the API surface that configures and operates the cloud.
For example, you can use the control plane to build a virtual server, modify a network route, and gain access to data in databases or snapshots of databases (which are actually a more popular target among cloud hackers than live production databases). The API control plane is the rapidly growing collection of APIs your organization uses to configure and operate the cloud.
The priority for all cloud platform providers like Amazon, Google and Microsoft is to ensure your data is robust and resilient. And replicating data in the cloud is both easy and cheap, and a well-architected cloud environment ensures there are multiple backups of your data. Thats the key inhibitor to an attackers ability to use ransomware: Multiple copies of your data negates their ability to lock you out. If an attacker is able to encrypt your data and demands ransom from you, you can simply revert to the latest version of the data prior to the encryption.
The redundancy and resiliency that AWS, Google and Microsoft are building for hundreds of thousands of their customers running millions of servers and networks are impossible for you to replicate in your own data center infrastructure. And if your access to your on-premises systems is taken away from you and encrypted, it can be extremely difficult and in some cases effectively impossible for you to regain access without paying the ransom.
Security in the cloud is different because its a function of good design and architecture not intrusion detection and security analysis. Hackers are not trying to penetrate your network in order to lock you out of your systems; theyre trying to exploit cloud misconfigurations that enable them to operate against your cloud control plane APIs and steal your data right out from under you.
What Is Cloud Misconfiguration?
A misconfiguration can vary from individual resource misconfigurations that can appear simple, such as leaving a port open, to significant architectural design flaws that attackers use to turn a small misconfiguration into a massive blast radius. And I can guarantee that if your organization is operating in the cloud, your environment has both kinds of vulnerabilities. The good news is that because cloud infrastructure is software that can be programmed, these kinds of attacks can be prevented with software engineering approaches using policy as code.
Build Cloud Security on Policy as Code
When developers build applications in the cloud, theyre also building the infrastructure for the applications as opposed to buying physical infrastructure and deploying apps into it. The process of designing and building cloud infrastructure is done with code, which means developers own that process, and this fundamentally changes the security teams role.
In a completely software-defined world, securitys role is that of the domain expert who imparts knowledge to the people building stuff the developers to ensure theyre working in a secure environment. And that knowledge is delivered as automated developer tooling that leverages policy as code rather than checklists and policy documents written in a human language.
Policy as code enables your team to express security and compliance rules in a programming language that an application can use to check the correctness of configurations. Its designed to check other code and running environments for unwanted conditions or things that should not be. It empowers all cloud stakeholders to operate securely without any ambiguity or disagreement on what the rules are and how they should be applied at both ends of the software development life cycle (SDLC).
Cloud Security Must Be Automated
At the same time, policy as code automates the process of constantly searching for and remediating misconfigurations. There are no other approaches that in the long run are successful at this because the problem space keeps growing. The number of cloud services keeps growing, the number of deployments you have, and the amount of resources keeps growing. And so you must automate to relieve security professionals from having to spend their days manually monitoring for misconfigurations and enable developers to write code in a way that is flexible, that can be changed over time, and that can incorporate new knowledge, such as the latest big data breach that makes news headlines.
Harden Your Cloud Security Posture
Organizations that have implemented effective cloud security programs share some characteristics that any enterprise can emulate to harden their cloud security posture:
Know your environment. Conducting weekly or quarterly cloud security audits is inadequate because cloud environments are constantly changing, and hackers use automation to detect misconfigurations they can exploit. Continuously survey your cloud environment, including all resources and configurations, to maintain situational awareness at all times.
Be proactive, not reactive. Shift your security mentality toward preventing misconfiguration vulnerabilities and away from intrusion detection and interdiction. Cloud control plane compromise attacks happen too fast for any team or technology to stop attacks in progress.
Empower your developers. Enlist the developers in the process by empowering them with automated security tooling that leverages policy as code. After all, since youre now focusing on prevention, who is better positioned to prevent misconfigurations than the engineers who are building these environments and systems?
Measure and operationalize. Successful organizations measure what matters to know where they stand, where theyre going, and to quantify their progress at preventing vulnerabilities and the resulting security incidents. Ultimately, they fully operationalize cloud security to minimize risk and maximize innovation velocity in the cloud.
I dont want to downplay the threat ransomware attacks pose to your organization and encourage you to visit http://www.StopRansomware.gov, the U.S. federal governments resource for learning how to protect yourself from becoming a ransomware victim.
But I also want to emphasize that although your cloud environments are not highly vulnerable to ransomware, the risk of a data breach due to misconfigurations is high and growing as you adopt more cloud-based platforms and services.
The best defense is prevention. Use policy as code in the development phase, in the continuous integration/continuous delivery (CI/CD) pipeline, and in the runtime to quickly identify and remediate misconfigurations. As you gain maturity, these steps can be operationalized throughout your DevOps processes so that the entire process is automated and efficient.
About Josh Stella
Josh Stella is chief architect at Snyk and a technical authority on cloud security. Josh brings 25 years of IT and security expertise as founding chief technology officer at Fugue, principal solutions architect at Amazon Web Services, and advisor to the U.S. intelligence community. Joshs personal mission is to help organizations understand how cloud configuration is the new attack surface and how companies need to move from a defensive to a preventive posture to secure their cloud infrastructure. He wrote the first book on "Immutable Infrastructure" (published by OReilly), holds numerous cloud security technology patents, and hosts an educational Cloud Security Masterclass series. Connect with Josh on LinkedIn and via Fugue at http://www.fugue.co.
About Fugue
Fugue (part of Snyk) is a cloud security and compliance SaaS company enabling regulated companies such as AT&T, Red Ventures, and SAP NS2 to ensure continuous cloud security and earn the confidence and trust of customers, business leaders, and regulators. Fugue empowers developer and security teams to automate cloud policy enforcement and move faster in the cloud than ever before. Since 2013, Fugue has pioneered the use of policy-based cloud security automation and earned the patent on policy as code for cloud infrastructure. For more information, connect with Fugue at http://www.fugue.co, GitHub, LinkedIn and Twitter.
All brand names and product names are trademarks or registered trademarks of their respective companies.
Tags: Fugue, Snyk, cloud security, SaaS, Josh Stella, ransomware, policy as code, cybersecurity, cloud, infrastructure as code, open source, cloud security automation, network configuration, cloud configuration, cloud misconfiguration, data breach, cloud threats, application programming interface, API
View source version on businesswire.com: https://www.businesswire.com/news/home/20220318005081/en/
Contacts
Dottie ORourkeTECHMarket Communications(650) 344-1260Fugue@techmarket.com
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Why Ransomware Attacks Steer Clear of the Cloud - Yahoo Finance
Clockwork Raises $21M Series A Led by NEA to Transform Distributed Computing and Networking – PR Newswire
"As cloud usage continues to explode, I see our technology developing into something as fundamental as the microscope..."
The funding accompanies the launch of Clockwork's Latency Sensei, a powerful and fine-grained sensor of latencies in cloud, on-premises, and hybrid environments. As the world of computing becomes increasingly virtualized, the underlying infrastructure has become opaque: users cannot access the network elements connecting their virtual machines (VMs) or data containers. Latency Sensei enables a DevOps engineer to see through the fog of virtualization, enabling the user to derive unprecedented visibility, including the ability to measure true one-way delays of a packet or remote procedure call, discover network bottlenecks and "hiccups" (outages lasting a few seconds), and identify underperforming VMs arising from "noisy neighbors."
"Virtualization has been tremendously successful in enabling the cloud computing revolution," said Clockwork Chief Scientist and Board Member Mendel Rosenblum. "However, it has also made the cloud opaque, isolating the tenant from the underlying infrastructure. As cloud usage continues to explode, I see our technology developing into something as fundamental as the microscope or the telescope, allowing a tenant to peek into the hidden depths of the cloud infrastructure to ensure their application is being well-served."
Such information is critical in helping companies assess network latency so they can optimize application performance. Already, Clockwork's clock synchronization system and/or Latency Sensei have been deployed by eBay, Wells Fargo, and RBC among others to support such critical functions as accurate timestamping, in-order execution of trades, accurate latency measurements, and other functions in on-prem and cloud environments. As more of the world's computing infrastructure moves to the cloud, Clockwork's technology is proving critical in sectors such as high-tech, online gaming, and cryptocurrency trading.
Clockwork's clock synchronization system, based on foundational research conducted at Stanford University, is the revolutionary core driving the company's technology stack. The system accurately synchronizes clocks on computers in data centers around the world. Representing a 50-year breakthrough, the system can help rewrite a large part of the way distributed computing and packet-switched networking (the technologies underlying cloud computing) are currently practiced. Absent accurate clocking, the architecture of distributed systems has largely followed a "clockless design" paradigm, rendering fundamental operations such as event ordering, state machine replication, fault tolerance, snapshotting, and consistency exceedingly difficult. Latency Sensei is the first of a series of products Clockwork will be launching on top of its clock synchronization system over the next few months.
"I am excited to embark on this journey with the Clockwork team to rewrite the way distributed systems and networking are practiced," said Clockwork CEO and Co-founder Balaji Prabhakar. "As more of the world's business and economic activities are run from the cloud, our technology will have a wide impact, notably in enabling critical time-sensitive applications."
"Network clock synchronization has lacked a reliable, precisely accurate solution for decadesa need that's been exacerbated by organizations' migration to the cloud," said Greg Papadopoulos, PhD, Venture Partner at NEA. "Clockwork's technology enables users to achieve nanosecond accuracy at scale regardless of infrastructure, which eases pain points often felt throughout cloud adoption." Forest Baskett, PhD, General Partner at NEA continued: "The founding team at Clockwork are world-class system builders and leaders in synchronization; we are impressed with their early traction and are thrilled to partner with them to power the next phase of technology for time-sensitive applicationsfrom immediately verifiable financial transitions to faster and more satisfying online gaming and beyond."
About Clockwork Founded by a team from Stanford University, Clockwork's technology enables time-sensitive applications in areas such as financial trading, high-tech, and online gaming. Being software-based, its solutions can run anywhere: in on-premises data centers, public clouds, or hybrid environments. Taking aim at the "clockless architecture" prevalent in distributed systems and networks, Clockwork aims toredefine a large part of the way these technologies (which underlie the cloud) are currently practiced. Learn more at clockwork.io.
About NEA New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $24 billion in cumulative committed capital since the firm's founding in 1977, NEA invests in technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's track record of investing includes more than 260 portfolio company IPOs and more than 430 mergers and acquisitions.www.nea.com
CONTACT: Chris Blake [emailprotected]
SOURCE Clockwork
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Clockwork Raises $21M Series A Led by NEA to Transform Distributed Computing and Networking - PR Newswire
SAP and Strategic Partners Google Cloud and Deloitte Highlight the UAEs Digital Transformation, Cloud Momentum During the Rise on the Road Event –
At the SAP RISE on the Road event, held at SAP House, Expo 2020 Dubai,SAP SE(NYSE: SAP) highlighted the impact and importance of cloud computing which has taken precedence during the COVID-19 pandemic.
With digital transformation fueling change in todays environment, organizations in the UAE and wider region have seen a demand for agile and scalable IT infrastructures and business solutions that are not only efficient, but quick to adapt to changing scenarios, enabling seamless adoption of new technologies and encouraging new business models.
According to a recent survey by SAP in partnership with YouGov, more than four-fifths (82%) of UAE-based CIOs participating agree that the COVID-19 pandemic has accelerated their digital transformation over the past year. More than 90% of the UAE decision-makers surveyed said that technology is vital to the improved delivery of customer and citizen services in the country. In terms of the top three priority areas for UAE organizations digital investment in 2022 and beyond, 71% said enterprise resource planning, 67% said human capital management, 48% said core solutions, 46% said customer experience, 41% said predictive analytics, and 26% said procurement. Almost 80% of CIOs surveyed said that digital skills development is a key priority for their organization this year.
Commenting on these trends, Zakaria Haltout, Managing Director, UAE, SAP said, Cloud computing and services is the crucial step in the UAEs technological and resulting economic growth space today. With SAP, cloud is not just about infrastructure, but more about innovation. With SAPs solutions, a growing number of organizations in the Emirates are able to better modernize, standardize and digitize, resulting in new business models and revenue streams. With this new model, cloud services are the true enablers of tomorrows highest value solutions, today.
Speaking at the event, Steve Wainwright, Director of SAP Sales - EMEA, Google Cloud, also stated: Google Cloud & SAP are committed through the Rise with SAP program to maximize the potential of customers migrating to the cloud, where they can run SAP on a fast, secure and reliable cloud, achieving a compelling return on investment. Google Cloud offers world class cloud infrastructure, designed to maximize availability and performance, which is key for mission critical applications like SAP. We offer a suite of industry tailored solutions, while using our infrastructure to deepen insights through artificial intelligence, machine learning, and data analytics, all on the cleanest cloud in the industry. Since we joined the RISE program, we've seen tremendous momentum in all industries and geographies, with global brands like Siemens Energy, Carrefour, Cisco and Veolia, selecting Google Cloud for their RISE deployment. And in the Middle East region, we were proud to announce that Ever Fashion Luxury Group in Qatar selected Google Cloud for SAP RISE. We look forward to migrating many more customers in the region to Google Cloud under the Rise program.
Yannick Jacques, SAP EMEA Leader, Deloitte added: Increasingly, a cloud infrastructure is the ideal solution for both new and existing organizations. This approach reduces total cost of IT ownership and simplifies it, all while scaling infrastructure, reducing maintenance, accelerating business transformation, and enabling innovation acceleration. By working with SAP as our partner, Deloitte is delivering cloud solutions today than enable tomorrows more digital world.
The RISE on the Road tour, which is making a stop at major cities across the Middle East as well as in Europe and Africa,also saw UAE-based leaders across industries and the eco-system coming together, with SAP showcasing its latest technologies and services targeted at organizations to better grow toward a complete digital transformation.
Visit theSAP News Center.Follow SAP on Twitter:@SAPMENAand@SAPNews.
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SAP and Strategic Partners Google Cloud and Deloitte Highlight the UAEs Digital Transformation, Cloud Momentum During the Rise on the Road Event -
Who Will Be This Year’s Leading Freshman Sire? – Thoroughbred Daily News
From a stellar class, which freshmen sire will emerge on top? And what sire currently flying under the radar will be the year's biggest surprise? With the first 2-year-old sale of the season, OBS March, now in the books, we thought it would be a good time to ask the experts:
JUSTIN CASSETop pick: Mendelssohn (Scat DaddyLeslie's Lady, by Tricky Creek). 2022 fee: $35,000, Coolmore America.I saw some very athletic two-turn horses by Mendelssohn with size, scope, strength, and balance. They were very athletic types and they breezed fast. I didn't imagine some of them putting in as quick a breeze time as they did, but the fact that they did and are bred and built to go two turns, that would make me excited. They were attractive, athletic types that were scopey. Not all horses built like that have speed, but they showed speed. It was impressive to see what they were capable of.
Under-the-radar pick: Cloud Computing (Maclean's MusicQuick Temper, by A.P. Indy). 2022 fee: $5,000, Spendthrift FarmI think they were well-balanced, solid, with good bone, good substance, size scope and strength. I vetted three or four of them, and they were typically good-moving horses, with little wasted action, and very good walkers. I think what you're seeing is that the yearling market was so strong last year that most of the pinhookers probably needed to step down their choice of the desired freshman sires. They probably couldn't afford most of the ones that everybody wanted, so you had a horse like this who was throwing quality individuals and they were falling into those pinhookers price bracket at the yearling sale. They were a pleasant surprise at the sale. These horses looked more like milersprecocious with a good walk. I'm sure there's a lot of Maclean's Music coming through there.
DAVID INGORDOTop Pick: Bolt d'Oro (Medaglia d'Oro-Globe Trot, by A.P. Indy). 2022 fee: $20,000, Spendthrift Farm.I thought Bolt d'Oro was an immensely talented horse. I saw him training in California and always got really good reports on the horse. When I saw his offspring , I thought they were nice horses and very athletic. Then I watched them develop from yearlings into two-year-olds and they all came forward really nicely. We have some going into training that we bought as yearlings that we are pretty high on. Then seeing his sales horses kind of put the exclamation point on it.
Accelerate
Under-the-radar pick: Accelerate (Lookin at Lucky-Issues, by Awesome Again). 2022 fee: $15,000, Lane's End.Disclaimer, I was intimately involved with Accelerate. We bought him as a yearling and we broke him at the Mayberry's. We sent him to John Sadler and he stands at Lane's End. I've been watching him since his yearling year. That's how long he's been part of my life. He's never let us down and he improved from year to year. I'm very high on the ones we have in training and we bought a few more at the sales because we didn't have enough. He's never missed a mark. He's done everything right for us. These ones at the two-year-old sale are showing some speed, which he himself had. The criticism is that he didn't start running until later on. He was a May foal and we took our time with him and let him grow up. The ones with earlier foaling dates are showing precocity and speed. I've been happy with the ones we have at the farm and the ones I've seen at the sale.
LAUREN CARLISLETop Pick: Mendelssohn.They have size, scope and the ability to run on turf or dirt.
Under-the-radar pick: Good Samaritan (Harlan's Holiday-Pull Dancer, by Pulpit). 2022 fee: $7,500. WinStar Farm.The March group breezed well and had solid physicals.
MIKE RYANTop Pick: Good Magic (Curlin-Glinda the Good, by Hard Spun). 2022 fee: $30,000, Hill 'n' Dale Farms.It's a very strong crop this year. You have the five main sires-Justify, City of Light, Mendelssohn, Good Magic and Bolt d'Oro. It's a loaded generation. Some people will say I am biased, but my pick is Good Magic. People might say he's picking him because he's his own horse. I have seen quite a few training at Stonestreet and at Niall Brennan's and some other places and I was very impressed with what I saw. They are very much like him. Great attitudes. Great demeanors. Great appetite for training and they enjoy what they are doing. They are focused and committed, a trainer's dream. He was like that himself. I like Mendelssohn quite a bit, too. It might be a flip of the coin between Mendelssohn and Good Magic.
Under-the-radar pick: Cloud Computing.Niall Brennan has a couple that I have seen train and I was most impressed by them. He reminded me a little bit of Upstart from a few years ago. I didn't give Upstart a whole lot of recognition at the yearling sales. But when I saw them train as two-year-olds I was very impressed with them. I think Cloud Computing will prove to be a good value. They're well grown. They've got speed. But I don't think they'll be limited to one turn.
LIZ CROWTop Pick: Bolt d'Oro.I have been really impressed with the Bolts overall physically. A bunch of them breezed well at OBS. They were quick and precocious.
Under-the-radar pick: Cloud Computing.We had the Cloud Computing that we sold for $560,000. We bought him as a yearling and he just improved every day since we bought him. We have another one that is going to the April sale that we like as well. The ones I've been around have been really nice horses.
JARED HUGHESTop Pick: Good Magic.He was a good two-year-old and his offspring have a lot of quality to them. They are very classy. I think they will be forward enough to be around for the big fall races. I don't expect them to be early. I more expect them to start winning in the two-turns races. Like the Connect model.
Under-the-radar pick: Accelerate.They have the right shape and they seem to have really good attitudes. They seem like they could be forward, even though he, as a racehorse, wasn't that forward.
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Who Will Be This Year's Leading Freshman Sire? - Thoroughbred Daily News
Cloud Computing in Retail & Consumer Market Value to Grow by 2028: Amazon Web Services, Microsoft, Google Cloud Platform, IBM, Artha Systems LLC,…
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Segmentation After sections of this report also shed light on Cloud Computing in Retail & Consumer market segmentation Assessing details on merchandise and support fragmentation that leverage expansion and innovative probabilities. Other holistic growth like revenue streams, stock management, portfolio alterations and improvements have been highlighted from the report to lead optimistic growth yields in the Cloud Computing in Retail & Consumer marketplace. Competition Assessment The report is really a must-have documentation to fortify competitive evaluation and following market strategies which will probably cause heavy returns.
Cloud Computing in Retail & Consumer market Segmentation by Type:
Cloud Computing in Retail & Consumer market Segmentation by Application:
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SWOT Analysis focuses on global key manufacturers in order to define, the, and analyzing market competition landscape. Definition, description, and forecasting of the market by type, application, and region. Analyze the market potential and advantage, opportunity and challenge, restraints and risks in the global and key regions. Identify important trends and factors that are either driving or inhibiting market growth. Stakeholders will be able to analyse market opportunities by identifying high-growth segments. To conduct a strategic analysis of each submarket in terms of individual growth trends and market contribution. To Analyze Competitive Developments Such as Expansions, Agreements, New Product Launches, And Acquisitions in The Market To develop a strategic profile of the key players and conduct a thorough analysis of their growth strategies.
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Table of Content:
1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary3 Global Cloud Computing in Retail & Consumer by Players4 Cloud Computing in Retail & Consumer by Regions4.1 Cloud Computing in Retail & Consumer Market Size by Regions4.2 Americas Cloud Computing in Retail & Consumer Market Size Growth4.3 APAC Cloud Computing in Retail & Consumer Market Size Growth4.4 Europe Cloud Computing in Retail & Consumer Market Size Growth4.5 Middle East & Africa Cloud Computing in Retail & Consumer Market Size Growth5 Americas6 APAC7 Europe8 Middle East & Africa9 Market Drivers, Challenges and Trends9.1 Market Drivers and Impact9.1.1 Growing Demand from Key Regions9.1.2 Growing Demand from Key Applications and Potential Industries9.2 Market Challenges and Impact9.3 Market Trends10 Global Cloud Computing in Retail & Consumer Market Forecast11 Key Players Analysis12 Research Findings and Conclusion
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Cloud Computing in Retail & Consumer Market Value to Grow by 2028: Amazon Web Services, Microsoft, Google Cloud Platform, IBM, Artha Systems LLC,...
Global Cloud Computing Security Software Market Revenue Analysis and Industry Forecast, 2022 to 2028 Top Most Key Players AT The Bite – The Bite
Global Cloud Computing Security Software Market from 2022 to 2028 has a new research paper from MarketQuest.biz. The report includes self-explanatory tables and charts in an easy-to-read format. The research provides a market overview, as well as an official abstract that highlights the key market developments. It also provides readers with information relating to the markets volume, value, and growth rate. Each market category has been thoroughly investigated and given in the study in terms of market segmentation.
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Application can be split into:
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ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US – TechCrunch
ClearBank a UK fintech that has built a new set of cloud-based financial rails that allows banks and other customers real-time clearance on payment transactions and other financial services has closed a big round of funding, money it will be using to take its services beyond its home market and move into newer areas such as cryptocurrency exchanges. The company has raised 175 million ($230 million at todays conversion rates), from a single investor, the PE firm Apax Partners.
The startup founded in 2015 and launched in 2017 is not disclosing its valuation, but CEO Charles McManus said that the company had prior to this raised 195 million from investors that include Canadian businessman John Risley and PE firms PPF Group and Norther Private Capital, and that its new valuation after Apaxs investment is a significant increase. PitchBook notes that as of the end of December, ClearBanks valuation was just under 274 million, which likely puts the current valuation at $590 million at its most conservative estimate.
But the companys current size and ambitions speaks to potentially larger numbers.Originally founded by Nick Ogden, who was also the founder of WorldPay (which Fidelity acquired for $43 billion, which was at the time the biggest deal ever made in international payments sector), ClearBank currently has 200 customers large financial institutions and fintechs using its infrastructure to enable faster transactions with the list including UK businesses like Tide and Oaknorth, but also international companies like Coinbase, which uses ClearBank for clearing and payments services for its UK customers. Those customers cover some 13 million bank accounts and 3 billion (nearly $4 billion) in assets.
The tech world has been awash in fintech for a number of years with a wide swathe of challenger banks; businesses built on the concept of APIs and cloud computing and embedded financial services from third parties; artificial intelligence, personalization and mobile apps; and a number of other tech-led innovations, all corralled in the call to disrupt incumbents with new and arguably better and easier to use approaches to spending, saving and investing money. The growth of e-commerce and other services on digital platforms has further spurred that trend.
But ClearBanks existence underscores one of the untold truths amid all of that innovation: many of these new services have been built on top of legacy infrastructure. Some companies like Stripe have built tech to get around some of the hurdles that arise as a result of this: for example, it can take typically days to reconcile and settle a transaction on traditional payment rails. Fintechs like Stripe will offer faster processes not because they have rebuilt that infrastructure, but because they have used tech to assess the overall risk of any single transaction getting rejected and is taking the calculated risk itself, charging extra fees to provide that service (and to in aggregate make money from those transactions that offsets any one of them not going through).
Europe and and the U.S. have been very slow in modernizing, McManus said 26 countries are only just implementing the Faster Payment scheme that the UK has had for some time. Just look at the discussions on SWIFT and cutting off Russia, and how slow that has been moving.
The alternative is to build a new version of that infrastructure from the ground up that just works faster, which is what ClearBank says that it has done.
ClearBank describes itself as the first clearing bank to have launched in the U.K. in 250 years the big four that have ruled the clearing roost in the country up to now being Barclays, Lloyds, HSBC and NatWest and its aim is to use the rails it has built to run payments services in the U.K. faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad.
Our aim is to provide real-time services for everything, McManus said. As he explains it, ClearBank has built everything into one stack, which not only means that money moving is going through a single system rather than through several different channels, but also lets those plugging into its system better visibility into how funds are moving. That means a greater level of comfort, visibility and faster transactions, he said.
The company today provides banking-as-a-service to its customers both for their needs as businesses, and for them to in turn provide to their customers. It also provides links to the four main channels that are used in UK to handle payments, Faster Payments, BACS, CHAPS and direct debit.
The company launched multi currency and foreign exchange services several months ago to UK customers, and plans for the investment will include expanding that to other currencies and facilitating interbank payments, both to provide the services to existing customers that have international footprints, and to work with customers in other markets.
One of the big changes that fintech has brought is that its become significantly easier for non-financial companies to move into financial services, and in the bid to grow revenues and touchpoints with customers, many have. That spells opportunity for companies that are enabling that adoption.
All companies are becoming fintech companies, and ClearBank is providing the clearing and embedded banking infrastructure for them starting with fintechs themselves, saidMark Beith, a partner at Apax Digital, in a statement. Weve seen the power of its platform first-hand, and we are excited to partner with Charles and the existing shareholders to take ClearBank global.
ClearBanks rise points to how, as fintech continues to mature, were starting to see a new generation of startups emerging that are willing to tackle that last front tier of infrastructure. Just earlier this week, a startup out of Germany called Payrails (the ambition is spelled out in its name) also launched with funding from a16z with its own ambitions to build new infrastructure to handle payments specifically for marketplace and other businesses that sit in the middle of complex transaction architectures.
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ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US - TechCrunch
Global Healthcare Cloud Computing Market Expected to Reach Highest CAGR During COVID 19 crisis- MicroSoft, IBM, Oracle, Amazon Web Services The Bite…
According to MarketsandResearch.biz study, the Global Healthcare Cloud Computing Market is expected to increase considerably between 2022 and 2028. This research looks at market dynamics, market trends, current trends, issues, challenges, competition analysis, and active firms.
The research is entirely based on data gathered from primary and secondary sources. At each stage of secondary research, raw data is reviewed and validated to verify that only authorised data is being collected and is used for market derivation.
A rigorous assessment of key primary and secondary data is conducted to create such a comprehensive perspective of both the industrys current business climate. Porters analysis, SWOT analysis, and other specialised analytical approaches are used to complete this one. The segments were analysed using a top-down and bottom-up information synthesis technique. To identify all or most of the elements that impact a choice, the tip-down technique is applied. It evaluates the entire market before descending to lower levels. The basic facts and industry growth prospects are indeed the foundations of the Healthcare Cloud Computing survey that was conducted.
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It was also broken down into different geographies.
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Global Healthcare Cloud Computing Market Expected to Reach Highest CAGR During COVID 19 crisis- MicroSoft, IBM, Oracle, Amazon Web Services The Bite...
Want to Partner with the Top Data Science Companies in Mumbai? Here are Top 10 – Analytics Insight
Explore the best data science companies in Mumbai for 2022 for better working standards
Analytics, data science, and the big data industry in India are currently estimated to be Rs 17,615 crore annually (FY18) in revenues (Dataquest estimates), growing at a healthy rate of 33.5% CAGR. Of the annual inflow to the analytics industry, almost 11% can be attributed to advanced analytics, predictive modeling, and data science. A sizable 22% can be attributed to big data. The analytics, data science, and big data industry in India are expected to grow seven times in the next seven years. It is estimated to become a Rs 1,30,000 crore industry in India by 2025. Here are the top 10 data science companies in Mumbai for 2022.
OpenGeeks Labs is focused on offering end-to-end software solutions such as web development, mobile apps development, custom software services, and UI/UX design. It has covered a lot of projects known as Experience Jesus, the H Hub, GOeureka, Solid Fit, Terox, Queen Car, and many more. These are all-powerful, flexible, mobile-friendly solutions, as per the goals, budgets, and timelines of any business.
NGenious Solutions, Inc. is one of the fastest-growing and global enterprise solutions providers to deliver technology-enabled services and solutions. It is popular for being a Microsoft Gold partner as well as a Microsoft cloud solution provider to successfully implement digital transformation strategies. It offers cloud computing, enterprise solutions, process automation, business intelligence, managed support, as well as application development with intranet solutions.
Exponentia.ai is a well-known data science company with a wide range of solutions regarding data science and artificial intelligence such as data solutions, business solutions, AI solutions, and managed services. It is also popular for its unique and customized products namely unified analytics consumption platform, ONE TAP, Engagely.ai, and customer intelligence.
Virtuosity Consulting is focused on executing digital transformation with cutting-edge technologies, as per business models. There are more than 25 million lines of code through digital engineering, digital platform, cryptocurrency, blockchain, and digital intelligence. It helps to develop code easily to deliver world-class technology while simplifying complicated and custom data and software integration challenges. Business intelligence solutions analyze business-centric data to drive in-depth insights to clients efficiently and effectively.
Polestar Solutions & Services is known for unlocking the potential of real-time data to drive innovative technology solutions with consulting and technology expertise. It offers a wide range of services such as MS Power BI, MSBI, SAS, Qlik, and many others with a long product line as well including Mashup Generator, Qlik Buzz, CFO Cockpit, Chaplin AI, Inphinity Forms, and so on.
Happiest Minds is focused on allowing digital transformation for companies by delivering seamless customer experience, business efficiencies as well as in-depth insights. The capabilities of this company cover digital solutions, infrastructure, product engineering, and security. It offers services such as digital business services, product engineering services, agile infra and security services, digital process automation, and analytics. The digital insights services are designed to deliver cutting-edge data analytics solutions, derive in-depth insights, realize digital capital, and many more.
HData Systems is known for its services focused on data science, data warehousing, data analytics, data visualization, data migration, big data implementation, predictive analytics, IoT analytics, and many more. It provides businesses to obtain in-depth insights to make effective data-driven strategies with reliable analysis. It follows a specific path understands the objective, imports the data, explores and cleans the data, models the data, and communicates the outcomes.
Umbrella Infocare offers a wide range of cloud services including AWS data engineering and analytics to take control of real-time data efficiently and effectively. It helps to structure data to make smart decisions, transform real-time raw data into in-depth business insights, as well as visualize data for risk analysis and decision-making. It is known for providing customer-centric and leading-edge solutions for optimizing data to plan business growth with petabytes of data.
Cloud design Technology Solutions is helping in digital transformation with IT consulting and services with domain-centric solutions across all kinds of industries in the world. It has successfully delivered over 500 projects with its automation hub. The products include cloud track and RPA anywhere while being focused on ingesting relevant information out of real-time data. It develops and deploys strong AI strategies to leverage data science and drive in-depth insights for businesses.
Quantiphi is one of the top data science companies offering solutions in AI, data, and cloud including custom AI, conversational AI, data and analytics, marketing analytics, infrastructure modernization, and many more. It helps to harness the power of real-time data with an analytics-driven approach to gain in-depth insights efficiently. It provides database migrations, data lake implementation, enterprise data warehouse modernization, analytics, and BI modernization, and managed services provider.
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Want to Partner with the Top Data Science Companies in Mumbai? Here are Top 10 - Analytics Insight
Amazon CloudFront Consulting Service Market 2022 Latest Driving Factors, Technology & Applications, Industry Outlook to 2028 Arvato, CyberDuo,…
A SWOT analysis of the global Amazon CloudFront Consulting Service market research report reveals important development opportunities as well as company optimization approaches to improve market growth, constraints, and limitations. The current study examines a variety of topics, including key business trends and future developments, driving forces and barriers, and regional growth scenarios.
The purpose of this study on Amazon CloudFront Consulting Service market research is to help readers gain a better understanding of the market, as well as to identify market potentials and challenges faced by major regions and emerging countries. Statistics and market data have been acquired from trustworthy sources and reviewed by industry experts.
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Major Key Company Profile Analysis Included in Amazon CloudFront Consulting Service Market report are listed below:
Amazon CloudFront Consulting Service Market Segmentation Analysis 2022
The report leverages valuable research to gain a competitive advantage. The study focuses on market dynamics by region, type, and application in terms of revenue and forecasting for the period. The current situation and future prospects for major applications, as well as consumption (sales), market share, and growth rate, are all examined in the report.
The Amazon CloudFront Consulting Service Market Major Segments and Subsegments Listed Below:
Amazon CloudFront Consulting Service Market Segmentation by Type
Amazon CloudFront Consulting Service Market Segmentation by Application
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Competitive Outlook 2022
This market research covers the global Amazon CloudFront Consulting Service markets current market position, previous performance, supply and demand graphs, production and consumption trends, sales channels, and growth potential. Important trends, fundamental market barriers, primary growth deterrents, and challenges are identified, as well as constant vendor reforms and distinctive growth tactics to resurrect growth, according to the report.
Key points covered in this Amazon CloudFront Consulting Service market research report
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Amazon CloudFront Consulting Service Market 2022 Latest Driving Factors, Technology & Applications, Industry Outlook to 2028 Arvato, CyberDuo,...