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Week of January 08, 2024
Here are the main industry highlights of this week.
➡ Innovation and New Technology Developments
President Jokowi Accelerates Digital ID Rollout, Aims for 20% Adoption in Six Months
The government initiated the trial of Digital ID adoption among state apparatus in mid-2022, with several provinces implementing it in February 2023. By 2023, the goal is to activate Digital ID for 20% of the 50 million e-KTP holders, and currently, ten million users have downloaded the Digital ID mobile application.
Delinea Elevates Cloud Security through Authomize Acquisition
Delinea has acquired Authomize, a company specializing in detecting and eradicating identity-based threats in cloud environments. This acquisition aims to combine Authomize’s continuous discovery and visibility capabilities with Delinea’s SaaS solutions for Privileged Access Management (PAM), extending the Delinea Platform’s reach for privileged controls in the cloud.
➡ Investments and Partnerships
BlackBerry Splits IoT and Cybersecurity Divisions, Abandons IPO Plan for Enhanced Focus and Growth
The decision to separate followed a reassessment of Project Imperium’s outcome, aiming to establish independent and profitable divisions.
Trustwave Acquired for $205 Million, Boosting Global Cybersecurity
The acquisition by MC2, which focuses on private-equity investments in high-growth security and risk management companies, aims to expand Trustwave’s global reach and position it in front of Chertoff Group customers in the commercial and public sectors.
Stellex Capital Unites G2, LCI, and Fintellix into G2 Risk Solutions
Three financial risk sector sister companies—G2 Web Services (G2), LCI, and Fintellix—have merged under the brand G2 Risk Solutions (G2RS) after being acquired by Stellex Capital Management in January 2023.
Videosign Bolsters Security with OneID Partnership for Streamlined Document Signing
Through this partnership, Videosign users gain the ability to verify identities using bank-validated data before signing contracts and documents.
➡ Legal and Regulatory
Cyberattack on Orrick Law Firm Exposes Health Data of Over 637,000 Individuals
Orrick, Herrington & Sutcliffe, experienced a cyberattack that compromised the sensitive health information of over 637,000 individuals, affecting clients with vision and dental plans from EyeMed Vision Care and Delta Dental.
NIST Highlights AI System Vulnerabilities and Mitigation Strategies in New Guideline
The U.S. National Institute of Standards and Technology (NIST) warns that no foolproof method protects artificial intelligence (AI) systems from misdirection. In a new guideline, NIST outlines vulnerabilities in predictive and generative AI and machine learning systems, highlighting potential attacks and mitigation approaches.