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Alphabet, the parent company of Google, is in discussions to acquire the cybersecurity startup Wiz.

Matthew Miller on July 16, 2024

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Alphabet’s Groundbreaking Negotiation with Cybersecurity Startup Wiz

Google parent in talks to buy cyber security startup Wiz

Quick Read

Alphabet, the parent company of Google, is in advanced negotiations to acquire Wiz for about 23 billion US dollars (34 billion in local currency).
This purchase might be the biggest one Alphabet has ever made.
Wiz provides cloud-based cybersecurity solutions utilizing AI-powered threat detection.
In 2023, Wiz achieved a revenue of $350 million and provides services to 40% of Fortune 100 companies.
The agreement occurs during increased regulatory examination under the Biden administration.
The number of mergers and acquisitions in the technology sector has increased by more than 42% compared to the same period last year.

Alphabet Announces Revolutionary Purchase

Alphabet Inc., Google’s parent company, is allegedly in the late stages of talks to purchase the cyber security firm Wiz for around US$23 billion (AU$34 billion). Should it go through, this significant transaction would be Alphabet’s biggest acquisition so far.

A source with knowledge of the situation indicated that the acquisition will mostly be financed in cash and might be finalized in the near future. This move highlights the increasing significance of cyber security as tech behemoths strive to find innovative methods to safeguard data and infrastructure.

About Wiz

Established in Israel and now based in New York, Wiz is among the rapidly expanding software startups worldwide. The company focuses on cloud-based cybersecurity solutions, utilizing artificial intelligence for instant threat detection and response.

In 2023, Wiz achieved roughly US$350 million in revenue and is currently partnering with about 40% of Fortune 100 companies. Remarkably, the startup secured US$1 billion in a private funding round, which valued the company at US$12 billion.

Wiz serves a varied clientele, including prominent firms like Morgan Stanley and DocuSign. The company collaborates with several cloud providers including Microsoft and Amazon.

Regulatory Hurdles Ahead

If Alphabet goes ahead with this acquisition, it would be an uncommon example of a prominent tech company trying to carry out a significant merger amidst rising regulatory supervision. Under President Joe Biden’s administration, US regulators have expressed increasing opposition to large tech firms further expanding through acquisitions.

Despite possible regulatory hurdles, the tech industry has experienced a substantial increase in dealmaking activities this year. For example, design software firm Synopsys agreed to purchase Ansys for approximately US$35 billion, while Hewlett Packard Enterprise reached a US$14 billion agreement to acquire Juniper Networks.

Plans for Development and Enlargement

Wiz employs approximately 900 individuals across the United States, Europe, Asia, and Israel. The company intends to increase its workforce by hiring an additional 400 employees worldwide in 2024. This expansion showcases Wiz’s dedication to growing its operations and improving its cybersecurity services.

Alphabet’s interest in Wiz follows the tech giant’s decision not to acquire the online marketing software company HubSpot. This potential acquisition aligns with Alphabet’s strategy to bolster its presence in the cybersecurity sector.

Increase in Mergers and Acquisitions

The technology sector has seen a significant increase in mergers and acquisitions this year. Data from Dealogic indicates that technology led M&A activities during the first six months of the year, rising by over 42% compared to the previous year to reach $327.2 billion.

This pattern emphasizes the growing desire among tech firms to strengthen their market standings and purchase innovative startups providing distinct solutions.

Summary

Alphabet is reportedly in advanced negotiations to purchase cybersecurity startup Wiz for around US$23 billion ($34 billion). If completed, this acquisition would represent Alphabet’s most significant to date, highlighting the increasing significance of cybersecurity solutions in the modern digital environment. This deal occurs amidst intensified regulatory oversight, yet it follows the broader trend of rising mergers and acquisitions within the tech industry.

Q&A Section

Q: Why is this acquisition important for Alphabet?

A:

This acquisition would be the largest in Alphabet’s history, underscoring its dedication to strengthening cybersecurity capabilities in the face of increasing digital threats.

Q: What kinds of services are provided by Wiz?

A:

Wiz offers cybersecurity solutions through the cloud, utilizing artificial intelligence for real-time threat detection and responses.

How has Wiz fared financially?

A:

In 2023, Wiz produced approximately US$350 million in revenue and recently secured US$1 billion through a funding round that valued the company at US$12 billion.

What potential regulatory obstacles could this acquisition encounter?

A:

During President Biden’s tenure, there has been heightened regulatory attention on major technology companies purchasing smaller firms, potentially complicating this transaction.

Who are some of the prominent clients of Wiz?

A:

Wiz partners with leading enterprises such as Morgan Stanley and DocuSign and works together with cloud service providers like Microsoft and Amazon.

Q: In what way does this acquisition align with Alphabet’s overall strategy?

A:

Acquiring Wiz supports Alphabet’s plan to enhance its cybersecurity capabilities and protect its extensive digital network.

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IAG Finds Equilibrium in Data Mesh Endeavor

Nicholas Webb on July 16, 2024

IAG’s Balanced Approach to Data Mesh Deployment

IAG’s Intermediate Approach to Implementing Data Mesh

Quick Read

IAG has been a year into the implementation of a data mesh architecture.
The organization is utilizing Google Cloud and Confluent solutions.
The utilization of real-time data streaming is expanding within IAG.
Google Cloud Platform (GCP) serves as the cornerstone of IAG’s strategic data platform.
Confluent Cloud enables internal use cases for real-time streaming.

IAG’s Path to Implementing a Data Mesh

IAG is one year into adopting a data mesh architecture to further enhance the importance of data in its group operations and transformation initiatives. Burak Hoban, the executive manager of data platforms – data and risk, provided insights during the Confluent Data in Motion Tour 2024 event in Melbourne, expressing that IAG seeks to strike a balance in its data mesh journey.

IAG finds a "middle ground" in its pursuit of data mesh

Burak Hoban from IAG (left) with Rhett Pearson from Confluent (right) on-stage in Melbourne.

“We’ve already put that into practice, and we’re a year into the process,” Hoban mentioned. “My responsibility is to help expedite it.” Two key components of IAG’s data mesh include its strategic data and analytics platform, which utilizes Google Cloud services like BigQuery, alongside Confluent Cloud and connectors.”

Fundamental Tenets of Data Mesh

Data meshes are constructed based on several fundamental principles. These encompass treating data as a product, integrating data into a central repository while maintaining ownership and curation by “the domain team most acquainted” with the dataset, enabling self-service data access, and implementing universal standards for all data in use. Hoban noted that IAG had invested several years in establishing the essential components for a data mesh.

The use of real-time data is increasing.

IAG is beginning to identify more use cases for real-time streaming data throughout the organization. Hoban mentioned that the potential of real-time streaming and business eventing was acknowledged as early as 2017-18. Although some use cases did eventually surface, Hoban admitted that they were “slightly ahead of their time” overall.

Initial streaming implementations were internally constructed and overseen using Apache Kafka. However, as usage escalated, the insurer transitioned to a managed Kafka service via Confluent Cloud. This shift enabled Hoban and his team to collaborate more effectively with internal development and engineering teams, thereby boosting Kafka adoption.

“Kafka is beginning to take on a crucial role in our strategic platforms for the future,” Hoban remarked. He also hinted at a greater utilization of pre-built connectors provided by Confluent to access and stream data from different source systems.

Fully Committed to Google Cloud Platform (GCP)

At a Google Cloud Summit in Sydney in May, IAG’s Executive General Manager of Data, Risk, and Resilience, David Abrahams, shared additional insights about the insurer’s data platform built on GCP. Previously, the insurer had only mentioned its use of GCP in passing and had not discussed its architecture or decision-making process in detail.

“We possess a substantial amount of data that is crucial to our operations; however, due to our legacy systems, this data has become fairly fragmented and isolated,” Abrahams stated. IAG established Google Cloud as the cornerstone of its “strategic data and analytics platform.” This platform now utilizes Google Data Platform for advanced analytics, employing Vertex AI and machine learning on BigQuery.

The outcomes from this platform encompass the capability to craft more personalized experiences for customers and enable business teams to independently launch new models into production without requiring extra technical assistance.

Summary

IAG’s adoption of a data mesh architecture demonstrates its dedication to updating its data operations. Utilizing technology from Google Cloud and Confluent, IAG has established a framework that enables real-time streaming applications and self-service data access. This method improves customer experiences and grants internal teams increased independence in their data processes.

Q&A

A: Could you explain what a data mesh is?

A:

A data mesh is a design strategy that decentralizes data governance by considering data as a product. This allows domain-specific teams to manage and refine their datasets while following common guidelines.

Why did IAG opt for Google Cloud Platform?

A:

IAG selected Google Cloud Platform for its ability to provide a scalable and high-performance solution that could effectively handle its extensive, fragmented, and isolated data. This choice facilitates enhanced analytics and machine learning functionalities.

What function does Confluent Kafka serve in IAG’s strategic plan?

A:

Confluent Kafka enables IAG’s real-time streaming applications. It assists in synchronizing data across business tools, supports customer and policy migration processes, manages payment notifications, and helps develop real-time data products.

How has utilizing a managed Kafka model proven advantageous for IAG?

A:

By utilizing the managed Kafka model via Confluent Cloud, IAG has been able to free up its internal resources. This shift has enabled the team to concentrate on development and engineering activities, thereby increasing Kafka adoption throughout the organization.

Q: What are the advantages of IAG’s strategic data platform?

A:

IAG’s strategic data platform enhances customer experiences through greater personalization, allows business teams to independently deploy new models, and facilitates advanced analytics using Vertex AI and machine learning on BigQuery.

Q: What effect does real-time streaming have on IAG’s operations?

A:

Real-time streaming enables IAG to manage essential functions like generating pricing quotes or issuing policies effectively. Any downtime or problems with Kafka can severely affect these activities, underscoring its crucial importance.

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The Australian Government Aims to Roll Out Public Safety Mobile Broadband by 2025-26

David Leane on July 15, 2024

Government Aims for Public Safety Mobile Broadband Implementation by 2025-26 | TechBest

Government Aims for Public Safety Mobile Broadband Deployment by 2025-26

Aussie Government Targets 2025-26 for Public Safety Mobile Broadband Rollout

Quick Read

The Australian government is targeting a nationwide deployment of a public safety mobile broadband (PSMB) service by the 2025-26 timeframe.
An RFI process has been started to collect information.
The PSMB will deliver essential data and video services to public safety organizations.
The service aims to boost communication among emergency responders and heighten their situational awareness.
Both newly established and already existing cellular infrastructure are being evaluated for the network.

Introduction

The Australian government plans to introduce a national public safety mobile broadband (PSMB) service by the 2025-26 financial year. This project is designed to greatly improve the communication abilities of public safety agencies throughout the country, offering vital data, video, and voice services during emergencies and critical situations.

Background and Importance

The PSMB project has been under discussion since 2009. However, it gained renewed momentum after a thorough review in 2022. According to the government, this initiative will represent the most significant advancement in communications for Australian public safety agencies in decades. The system is designed to provide fast, secure, and reliable communication capabilities, allowing near-instant access to crucial data and real-time analytics.

The Process of Requesting Information (RFI)

At the end of September, the government revealed that additional information regarding the forthcoming phases of the PSMB project would be published shortly. A task force formed in early 2023 has already begun a request for information (RFI) process. This preliminary stage is crucial for national planning and will aid in decision-making for both federal and state authorities.

The Request for Information (RFI) is particularly looking for feedback on creating a nationwide interoperable 4G communication network that accommodates data, video, and voice services for all public safety organizations. The goal is also to gather insights on how to merge this network with current voice services and other data networks.

Two-Staged Market Approach

The government has proposed a two-phase market strategy for acquiring the PSMB service. Initially, information will be collected via the RFI process. The following phase will consist of a formal tender process scheduled for the 2025-26 fiscal year. Telecommunications companies and other potential suppliers are required to engage in the RFI stage in order to qualify for later bidding.

Technological Considerations

A primary objective of the taskforce is to explore how 5G coverage can improve the PSMB service. The government is considering multiple operational models, ranging from a dedicated network to utilizing existing cellular infrastructure. The aim is to guarantee seamless integration and interoperability between various agencies and across state lines.

Summary

The Australian government’s bold initiative to implement a national public safety mobile broadband service by the years 2025-26 is poised to transform emergency response communications. By offering expedited, secure, and dependable data and video services, the PSMB will equip public safety agencies with essential tools for real-time analytics and enhanced situational awareness. As the preparations progress through a Request for Information (RFI) process, this project represents a crucial advancement in modernising Australia’s emergency communication infrastructure.

Q&A Section

What is the main objective of the PSMB service?

The main objective is to deliver essential data, video, and voice services to public safety agencies, improving their communication efficiency during emergencies and critical events.

When is the PSMB service set to be launched?

The government plans to implement the PSMB service by the 2025-26 fiscal year.

Q: What is the goal of the RFI process?

The goal of the RFI procedure is to collect essential data that will guide national strategy and decision-making for the PSMB initiative.

Q: Who must be involved in the Request for Information (RFI) phase?

Telecommunications companies and other providers aiming to bid on the PSMB project must join in the RFI stage to qualify for the subsequent formal tender process.

Q: In what ways will the PSMB service advantage public safety agencies?

The service will offer quick and secure communication features, allowing almost immediate access to essential data and real-time analysis, thus enhancing situational awareness and the efficiency of emergency responses.

What technologies are being evaluated for the PSMB network?

The taskforce is investigating the establishment of a national interoperable 4G network and examining how 5G coverage could further improve the service.

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Australia Post Names New Chief Information Security Officer

David Leane on July 15, 2024

Australia Post Names New Chief Information Security Officer | TechBest

Australia Post Appoints New Chief Information Security Officer

Quick Read

Adam Cartwright will start as the Chief Information Security Officer (CISO) at Australia Post in August.
Cartwright formerly occupied top cyber security positions at Asahi Beverages, Commonwealth Bank of Australia (CBA), and ANZ Banking Group.
Glenn Stuttard leaves after 11 and a half years with Australia Post.
Stuttard intends to pause for a while before exploring new prospects.

Australia Post has revealed that Adam Cartwright will be stepping in as the new Chief Information Security Officer (CISO) beginning next month. Cartwright takes over from Glenn Stuttard, who is departing the organisation after more than 11 years of service. Stuttard’s exit signifies the conclusion of a notable chapter in Australia Post’s cyber security history.

Adam Cartwright’s Background

Adam Cartwright has a strong background in cyber security management and has joined Australia Post. Before this position, he was the Group General Manager of Cyber Security and Risk at Asahi Beverages. Cartwright has also served in significant roles like Deputy CISO at Commonwealth Bank of Australia (CBA) and Head of Cyber Security at ANZ Banking Group.

A spokesperson for Australia Post stated, “Adam will contribute extensive knowledge to Australia Post from his experience in cyber security across various sectors.”

Glenn Stuttard’s Departure

Glenn Stuttard, after serving Australia Post for 11.5 years, announced his resignation on LinkedIn last week. In his farewell message, Stuttard looked back on his journey with a sense of pride, highlighting the team’s achievements in protecting one of Australia’s most trusted brands. He also stated that he intends to “recharge before seeking new opportunities.”

Transition Period

The transition phase is anticipated to be seamless, with Cartwright taking over to uphold the strong security infrastructure founded during Stuttard’s tenure. Australia Post believes that Cartwright’s substantial experience will improve their cyber security practices even further.

Summary

Australia Post has named Adam Cartwright as the new Chief Information Security Officer, following Glenn Stuttard’s departure after 11.5 years of service. Cartwright’s broad expertise in cyber security within multiple sectors is anticipated to offer a new outlook on Australia Post’s security measures.

Q: Who has been appointed as the new CISO of Australia Post?

Adam Cartwright is set to begin his new role as Chief Information Security Officer at Australia Post next month.

What professional experience does Adam Cartwright have?

Adam Cartwright formerly served as the Group General Manager of Cyber Security and Risk at Asahi Beverages. Additionally, he held the roles of Deputy CISO at the Commonwealth Bank of Australia and Head of Cyber Security at ANZ Banking Group.

Why is Glenn Stuttard departing from Australia Post?

Glenn Stuttard is departing after 11.5 years at Australia Post to take a break and rejuvenate before seeking new opportunities.

How will this new leadership affect Australia Post?

The transition is anticipated to be seamless, as Adam Cartwright brings extensive expertise in cybersecurity to enhance Australia Post’s security framework.

When is Adam Cartwright scheduled to begin his position?

Adam Cartwright will begin his position as Chief Information Security Officer in August.

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Germany plans to remove Huawei and ZTE equipment from its 5G core network.

Matthew Miller on July 14, 2024

Germany plans to exclude Huawei and ZTE from its 5G network by 2029.

Germany’s Decisive Action: Removing Huawei and ZTE from 5G Network by 2029

Quick Read

Germany plans to remove Huawei and ZTE components from its 5G network by the year 2029.
The initiative seeks to bolster digital security in the largest economy in Europe.
The initial phase-out will begin with core network 5G data centers by 2026.
Huawei and China have condemned the decision, arguing that there is insufficient evidence of security risks.
Telecom operators such as Deutsche Telekom and Vodafone must adhere to the new regulations.

Germany's plan to exclude Huawei and ZTE from its 5G network by 2029

A New Agreement

Germany’s Interior Minister, Nancy Faeser, revealed a significant agreement with telecom companies to remove Chinese technology firms Huawei and ZTE from the nation’s 5G infrastructure by the year 2029. This decision is regarded as an essential step to ensure digital security within Europe’s biggest economy.

Why Omit Chinese Technology?

The arrangement comes after thorough talks between Germany’s interior ministry and key telecommunications companies like Deutsche Telekom, Vodafone, and Telefonica Deutschland. The main goal is to shield Germany’s vital infrastructure from possible security threats due to Chinese involvement.

China’s Response

The Chinese embassy in Germany has criticized the decision, calling it a “ruthless attempt” to stifle competition and advance German technology. They contend that there is no concrete evidence to support the allegations that Huawei equipment is a security risk.

Implementation Phases

The phase-out will be implemented in two phases. In the first phase, telecom operators must eliminate Chinese-made technology from the core network of 5G data centres by 2026. The second phase necessitates the removal of Chinese components, including antennas, transmission lines, and towers by 2029.

EU Security Measures

Germany has lagged somewhat in adopting the European Union’s security protocols for 5G networks. This recent agreement is perceived as an effort to better synchronize with EU-wide policies focused on improving digital security.

Reply from Telecommunications Providers

Telecom companies have traditionally opposed Berlin’s initiatives to eliminate Huawei, citing high expenses. Nonetheless, they now support the new policies. Huawei has condemned the decision, labeling it as a politicization of cybersecurity concerns.

Summary

Germany’s choice to remove Huawei and ZTE from its 5G network by 2029 is a strategic effort to improve digital security. Although China has objected to the decision, arguing there is no evidence of security threats, Germany is advancing with a gradual implementation plan that includes key telecom providers. This action brings Germany more in line with the European Union’s security protocols for 5G networks.

Why has Germany decided to exclude Huawei and ZTE from its 5G network?

The main objective is to enhance digital security and safeguard essential infrastructure against potential threats from Chinese influence.

Q: What stages are included in this exclusion plan?

A: The strategy will be executed in two phases: firstly, the extraction of Chinese technology from main network data centers by 2026, and secondly, the removal of components such as antennas and transmission lines by 2029.

Q: What has been China’s reaction to this decision?

The Chinese embassy in Germany has criticized this action, labeling it an effort to stifle competition and advance German technology. They assert that no substantial evidence has been provided to substantiate the claims of security risks.

Q: What are the opinions of German telecommunications companies regarding this proposal?

Initially hesitant due to the high expenses, major operators like Deutsche Telekom, Vodafone, and Telefonica Deutschland have now embraced the new regulations.

Is Germany in agreement with the European Union’s security policies?

Germany has lagged somewhat in adopting EU security measures for 5G networks but intends to better align with this new agreement.

What is Huawei’s response to these advancements?

Huawei has condemned the decision, describing it as the politicization of cybersecurity concerns without solid proof to substantiate claims of security risks.

Q: Is there likely to be any form of counteraction from China?

Interior Minister Nancy Faeser mentioned that she does not anticipate any backlash from China regarding the proposed restrictions on Chinese technology.

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