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CipherCloud Introduces Cloud Information Protection for Box

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CipherCloud for Box solution delivers an additional level of security for cloud content sharing

London, UK; 25 Feb. 2013 – Today CipherCloud, the leader in cloud information protection, introduced CipherCloud for Box to extend data privacy, residency, security and regulatory controls to organisations using Box’s content collaboration platform.

Despite explosive growth in the cloud content and collaboration market and its evident advantages to productivity and cost efficiencies, information protection requirements continue to be the primary hurdle for enterprise adoption.

The CipherCloud for Box solution delivers data loss prevention to scan, detect and take action to protect sensitive organisational information, providing an additional level of security and control for business collaboration and content sharing on Box.

Mutual customers – particularly organisations in the financial services, healthcare, e-commerce and technology sectors – can leverage this solution to meet industry compliance mandates, including GLBA, PCI, HIPAA, HITECH, PIPEDA, ITAR and EU Data Protection.

This is enabled via the CipherCloud Open Platform, which provides cloud information protection, encryption, malware detection and cloud user activity auditing for organisations to securely adopt cloud applications.

“Our collaboration with Box supports our vision for building trust in the cloud by eliminating concerns about security and regulatory compliance” said Pravin Kothari, Founder & CEO of CipherCloud. “Together, Box and CipherCloud are taking information protection to the next level, giving companies the confidence to embrace popular commercial cloud applications anywhere, anytime, and realise the cost savings and efficiencies they bring.”

“As the enterprise choice for content collaboration in the cloud, we have always taken our customers’ security and compliance concerns seriously,” said Whitney Bouck, general manager of Enterprise at Box. “This integration with CipherCloud extends additional information protection controls to customers while preserving the usability and functionality that sets Box apart from other cloud content solutions.”

The product will be demonstrated at the CipherCloud booth (# 556) at the 2013 RSA Security Conference 25 February – 1 March at the Moscone Center in San Francisco.

CipherCloud for Box

CipherCloud delivers protection to sensitive information in the cloud through a groundbreaking technology that enables organisationsto securely adopt cloud applications. CipherCloud’s technology protects information in real time, before it’s sent to the cloud, using operations-preserving technology that does not impact usability or the application functionality.

Key Benefits of CipherCloud for Box

For organisations, the solution contains many advanced information protection capabilities based on an open security platform.

● Enforce Data Loss Prevention: Set custom DLP policies that scan, detect and take action to protect sensitive information in any field or document, providing an additional level of security and control
● Deliver Malware Detection: Screen information exchanges including user uploaded attachments for virus, malware and other embedded threats
● Provide Activity Monitoring: Use security dashboards to control user activities based on security policies to prevent data loss caused by downloading confidential content
● Retain Usability and Functionality: Preserve the user experience, functionality and performance of Box through the desktop client, web browser, and mobile device
● Leverage Existing Infrastructure: CipherCloud Open Platform can integrate with deployed DLP solutions such as Symantec and McAfee to leverage existing DLP policies
● Use one Gateway for All Cloud Applications: Support all leading cloud applications through the CipherCloud gateway including Salesforce, Force.com, Chatter, Google Gmail, Microsoft Office 365, AWS, Box and many others; use Connect AnyApp and Connect Database to enable IT teams to support any cloud application or database in hours

CipherCloud is the leader in cloud information protection with more than 1.2 million users and more than 100 million protected customer records around the globe. CipherCloud’s 256-bit encryption gateways secure data in the cloud and put control of the encryption keys in the hands of the customer, ensuring that organisations retain control over data in transit and at rest in the cloud.

 

 

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Sunak to use budget to expand apprenticeships in England

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Sunak to use budget to expand apprenticeships in England 1

LONDON (Reuters) – British finance minister Rishi Sunak will announce more funding for apprenticeships in England when he unveils his budget next week, the government said on Friday.

Employers taking part in the Apprenticeship Initiative Scheme will from April 1 receive 3,000 pounds ($4,179) for each apprentice hired, regardless of age – an increase on current grants of between 1,500 and 2,000 pounds depending on age.

The scheme will extended by six months until the end of September, the finance ministry said.

Sunak will also announce an extra 126 million pounds for traineeships for up to 43,000 placements.

Sunak’s March 3 budget will likely include a new round of spending to prop up the economy during what he hopes will be the last phase of lockdown, but he will also probably signal tax rises ahead to plug the huge hole in the public finances.

Sunak is also expected to announce a “flexi-job” apprenticeship scheme, whereby apprentices can join an agency and work for multiple employers in one sector, the finance ministry said.

“We know there’s more to do and it’s vital this continues throughout the next stage of our recovery, which is why I’m boosting support for these programmes, helping jobseekers and employers alike,” Sunak said in a statement.

(Reporting by Andy Bruce, editing by David Milliken)

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UK seeks G7 consensus on digital competition after Facebook blackout

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UK seeks G7 consensus on digital competition after Facebook blackout 2

LONDON (Reuters) – Britain is seeking to build a consensus among G7 nations on how to stop large technology companies exploiting their dominance, warning that there can be no repeat of Facebook’s one-week media blackout in Australia.

Facebook’s row with the Australian government over payment for local news, although now resolved, has increased international focus on the power wielded by tech corporations.

“We will hold these companies to account and bridge the gap between what they say they do and what happens in practice,” Britain’s digital minister Oliver Dowden said on Friday.

“We will prevent these firms from exploiting their dominance to the detriment of people and the businesses that rely on them.”

Dowden said recent events had strengthened his view that digital markets did not currently function properly.

He spoke after a meeting with Facebook’s Vice-President for Global Affairs, Nick Clegg, a former British deputy prime minister.

“I put these concerns to Facebook and set out our interest in levelling the playing field to enable proper commercial relationships to be formed. We must avoid such nuclear options being taken again,” Dowden said in a statement.

Facebook said in a statement that the call had been constructive, and that it had already struck commercial deals with most major publishers in Britain.

“Nick strongly agreed with the Secretary of State’s (Dowden’s) assertion that the government’s general preference is for companies to enter freely into proper commercial relationships with each other,” a Facebook spokesman said.

Britain will host a meeting of G7 leaders in June.

It is seeking to build consensus there for coordinated action toward “promoting competitive, innovative digital markets while protecting the free speech and journalism that underpin our democracy and precious liberties,” Dowden said.

The G7 comprises the United States, Japan, Britain, Germany, France, Italy and Canada, but Australia has also been invited.

Britain is working on a new competition regime aimed at giving consumers more control over their data, and introducing legislation that could regulate social media platforms to prevent the spread of illegal or extremist content and bullying.

(Reporting by William James; Editing by Gareth Jones and John Stonestreet)

 

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Britain to offer fast-track visas to bolster fintechs after Brexit

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Britain to offer fast-track visas to bolster fintechs after Brexit 3

By Huw Jones

LONDON (Reuters) – Britain said on Friday it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will struggle with Brexit and tougher competition for global talent.

Finance minister Rishi Sunak said that now Britain has left the European Union, it wants to make sure its immigration system helps businesses attract the best hires.

“This new fast-track scale-up stream will make it easier for fintech firms to recruit innovators and job creators, who will help them grow,” Sunak said in a statement.

Over 40% of fintech staff in Britain come from overseas, and the new visa scheme, open to migrants with job offers at high-growth firms that are scaling up, will start in March 2022.

Brexit cut fintechs’ access to the EU single market and made it far harder to employ staff from the bloc, leaving Britain less attractive for the industry.

The review published on Friday and headed by Ron Kalifa, former CEO of payments fintech Worldpay, set out a “strategy and delivery model” that also includes a new 1 billion pound ($1.39 billion) start-up fund.

“It’s about underpinning financial services and our place in the world, and bringing innovation into mainstream banking,” Kalifa told Reuters.

Britain has a 10% share of the global fintech market, generating 11 billion pounds ($15.6 billion) in revenue.

The review said Brexit, heavy investment in fintech by Australia, Canada and Singapore, and the need to be nimbler as COVID-19 accelerates digitalisation of finance, all mean the sector’s future in Britain is not assured.

It also recommends more flexible listing rules for fintechs to catch up with New York.

“We recognise the need to make the UK attractive a more attractive location for IPOs,” said Britain’s financial services minister John Glen, adding that a separate review on listings rules would be published shortly.

“Those findings, along with Ron’s report today, should provide an excellent evidence base for further reform.”

SCALING UP

Britain pioneered “sandboxes” to allow fintechs to test products on real consumers under supervision, and the review says regulators should move to the next stage and set up “scale-boxes” to help fintechs navigate red tape to grow.

“It’s a question of knowing who to call when there’s a problem,” said Kay Swinburne, vice chair of financial services at consultants KPMG and a contributor to the review.

A UK fintech wanting to serve EU clients would have to open a hub in the bloc, an expensive undertaking for a start-up.

“Leaving the EU and access to the single market going away is a big deal, so the UK has to do something significant to make fintechs stay here,” Swinburne said.

The review seeks to join the dots on fintech policy across government departments and regulators, and marshal private sector efforts under a new Centre for Finance, Innovation and Technology (CFIT).

“There is no framework but bits of individual policies, and nowhere does it come together,” said Rachel Kent, a lawyer at Hogan Lovells and contributor to the review.

($1 = 0.7064 pounds)

(Reporting by Huw Jones; editing by Jane Merriman and John Stonestreet)

 

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