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Paladin closes third fund, exceeding target of $300 million
Paladin Capital Group closes its third fund, Paladin III L.P., with equity commitments of $340 million; Paladin, a leader in homeland security investing, has more than $980 million under management across multiple funds and thirty-one portfolio companies
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U.S. managed security services market to reach $2.8 billion by 2012
The U.S. managed security services market was valued at approximately $1.3 billion in 2007, an increase of 19.6 percent over 2006; IDC says this figure will increase to $2.8 billion by 2012, representing a compound annual growth rate of 17.2 percent
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India eases foreign borrowing rules to aid infrastructure
The U.S. infrastructure is often described as “aging” or “crumbling”; in india they refer to the country’s “ramshackle infrastructure”; the Indian government, as part of a move to have $500 billion invested in improving the country’s infrastructure, eases borrowing rule, allowing Indian companies involved in infrastructure improvement to borrow more money abroad
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Chinese dairies add organic base found in plastics and resins to products
Lab tests in Hong Kong find that Chinese company’s dairy offerings, including milk, ice cream, and yogurt, were contaminated with melamine — an organic base usually found in plastics and resins, and banned in food
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GE, Google to collaborate on smart grid
The two companies, saying that existing U.S. infrastructure has not kept pace with the digital economy and the hundreds of technology opportunities that are ready for market, will focus on improving power generation, transmission, and distribution of energy;
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Push for nation-wide car tracking system in U.S.
Two companies quietly shopping new motorist tracking options to prospective state and local government clients; goal is to create a nation-wide car tracking system in the United States by using existing and newly installed red light cameras and speed cameras
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Lumidigm develops whole-hand sensor
Developer of finger-print biometrics will offer a whole-hand sensor; new system designed to read multiple characteristics of the hand through the use of multispectral technology
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IBM shows hardware-based encryption tool
System x Vault protects data when a server’s hard drive is disposed or stolen, without affecting server performance
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Forrester boosts 2008 tech spending forecast
For the technology sector, it may be a case of good news now and so-so news later; one wild card for the tech sector is the poor health of the nation’s banks and other financial-services companies, which account for about 18 percent of the U.S. technology market
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Analyst group: Some companies cutting IT spending
Many large companies, especially those in the financial services, utilities, and telecommunications industries, have cut their technology budgets this year because of the economic slowdown
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Police motorcade to transport Col. Sanders' secret recipe
KFC plans to modernize its Louisville headquarters; the company’s top secret — the fried chicken recipe hand-written by Colonel Harlan Sanders — will be moved next week to a secure, undisclosed location in a military-like operation
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Lufthansa selects Smiths Detection for cargo security
Lufthansa will deploy Smiths Detection’s 500DT trace explosives detectors in all of its eighteen U.S. airport locations; the 500DT was recently placed on the TSA Qualified Products List
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BAE to participate in Encore II
U.S. Defense Information Systems Agency’s Encore II is a $12 billion program to protect U.S. military communication; BAE was awarded part of the contract
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Forecast: AeroVironment Warms Up
AeroVironment reports its first quarterly earnings numbers for fiscal 2009 today; the tiny UAV company has proven its competitiveness over bigger hitters in its, well, airspace
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Debating how to shore up U.S. infrastructure
As federal, state, and municipal governments justifiably look to the private sector to help rebuild the aging U.S. infrastructure, they must make sure that the public interest in affordable and accessible infrastructure does not take a back seat
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The long view
FCC Bans Use of Federal Funds in Purchases of Chinese Telecom
The Federal Communications Commission (FCC) on 22 November blocked U.S. telecommunications providers from using an $8.5 billion subsidy fund – the FCC’s Universal Service Fund (USF) — to buy Chinese-made telecommunications gear deemed a national security threat to critical infrastructure. The U.S. said that given Huawei and ZTE’s close relationship and legal obligations to the Chinese government, their gear poses a threat to telecommunications critical infrastructure, as well as to national security.
The Case That Could Hand the Future to China
What would the future look like if China leads 5G technology? We should contemplate this question because, as Mercy Kuo writes, fifth-generation cellular network technology, or 5G, will transform our daily lives with such inventions as autonomous-driving vehicles, artificial intelligence, the Internet of Things, and smart cities. If we want to maintain U.S. technology leadership and protect our values, we should be clear-eyed about the perilous consequences that could come with losing our unique lead.”
Weather Is Turning into Big Business. And That Could Be Trouble for the Public.
This may well be the future of weather forecasting: “Now for your local weather forecast: That’ll be $10, please.” Climate change is inflicting an increasingly heavier costs on the U.S. economy, and those rising costs — along with advances in data-gathering and processing, and cheaper access to low Earth orbit — have spurred start-ups and established companies to get into the business of weather forecasting.
Going After the Good Guys: The Government’s Ransomware Identity Crisis
Government agencies find it difficult to keep pace with the rapidly evolving cybercrime – especially when it comes to ransomware and malware. Ryan Blanch, a criminal defense attorney who has been involved in myriad cybercrime cases, writes that “sometimes, the government seems to be going after the good guys instead of the bad guys.”
Telegram: The Latest Safe Haven for White Supremacists
Telegram, the online social networking, may not be as popular in the U.S. as Twitter or Facebook, but with more than 200 million users, it has a significant audience. And it is gaining popularity. ADL reports that Telegram has become a popular online gathering place for the international white supremacist community and other extremist groups who have been displaced or banned from more popular sites.
Click Here to Kill
The idea of an online assassination market was advanced long before it was possible to build one, and long before there was anything resembling the dark web. Susan Choi writes that a threshold had been crossed: advances in encryption and cryptocurrency make this dark vision a reality: Journalists at BBC News Russia confirmed that on 12 March 2019, the first known case of a murder being ordered on the dark web and successfully carried out by hired assassins. The FBI and DHS are worried.