Blockchain Press Releases
Cato Networks Named a “Leader” in Zero Trust Edge (ZTE) Report by Leading Research Firm
The report evaluates 10 vendors and finds Cato to be the “poster child” for ZTE and SASE. Cato SASE Cloud receives the highest marks in recommended areas defining ZTE
TEL AVIV, Israel, Aug. 16, 2023 /PRNewswire/ — Cato Networks, provider of the world’s leading single-vendor SASE platform, announced today it was named a “Leader” in The Forrester Wave™: Zero Trust Edge Solutions Q3 2023 Report. The report’s comprehensive review of Zero Trust Edge (ZTE) solutions, Forrester’s term for SASE, gave Cato the highest possible scores across subcategories aligning with three recommended areas for considering ZTE – unified and centralized cloud management, a resilient backbone with sophisticated controls, and Zero Trust Network Access for remote access.
“Cato Networks is the poster child for ZTE and SASE,” notes the report. “Founded by Shlomo Kramer of Check Point Software Technologies and Imperva fame, Cato Networks started with a strong security pedigree and built a global platform of distributed PoPs from which to deliver security as a service. Cato has a strong strategy paired with a truly unified networking and security solution and has shown real security innovation within its single-pass architecture platform.”
“We are honored to be recognized by Forrester as a “Leader” in this Wave. Cato architected a platform that was purpose-built for ZTE and SASE, one that is valued by our thousands of customers and partners for its simplicity, agility, security posture, and optimal performance,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “We are happy to see their excitement reflected by leading industry analysts’ reports.”
ZTE Converges Networking and Security as a Unified Service
The Forrester report found that early-adopting reference customers were enthusiastic about the Cato SASE Cloud. “Multinationals, financials, and firms looking to consolidate security functions and replace MPLS will find Cato a compelling choice,” according to the report. “Cato has a strong strategy paired with a truly unified networking and security solution and has shown real security innovation within its single-pass architecture platform,” writes Forrester.
Zero Trust edge architectures merge and deliver networking and security functions as a service. Forrester recommends customers look for ZTE solution providers that meet three criteria:
Have unified and centralized cloud management. Achieving higher levels of trust and automation requires ruthless standardization. This applies to ZTE solutions. Customers should ensure that their ZTE provider has a single, cloud-based interface that provides standard and consistent methods to create and deploy both network and security policies. The configurations and monitoring data should reside in a single data lake to eliminate data duplication, multiple security policies, and poor collaboration.
Build a resilient backbone with sophisticated controls. Business wide networking fabrics need more than first- and last-mile connectivity controls. ZTE vendors have recognized the value of optimizing and conditioning application traffic throughout the application’s journey by including managed backbones as part of their ZTE offering. The number of points of presence (PoPs) that connect to the backbones, the types of links between backbone nodes, and the amount of services (such as traffic optimization or virtual fires) at node and PoP can vary dramatically. Some ZTE vendors have developed backbones with a richer set of controls than vendors using infrastructure-as-a-service (IaaS) networks exclusively.
Utilize Zero Trust network access for remote access, replacing VPNs. All ZTE solutions have a combination of Zero Trust network access (ZTNA), secure web gateways (SWGs), and cloud security gateways (CSGs, aka CASBs). Look to providers offering a strong ZTNA capability to reduce your organization’s threat surface and protect your critical data. The best of these solutions can also help discover the applications that you need to protect.
Cato SASE Cloud Excelled in Core ZTE Criteria
Cato SASE Cloud earned the highest score possible in sub-criteria aligned with all three of these areas. In terms of management, Forrester found that Cato delivered:
- Centralized network and security management. “A cloud-delivered portal with a clean, intuitive interface manages all networking and security capabilities. The management plane and data lake are unified,” according to the criteria description.
- Administrative experience. “The solution is not just centrally managed but provides superior UX. Common workflows are easy to get to and streamlined; they guide the user to make correct policy.” according to the criteria description.
In terms of a resilient backbone with sophisticated controls, Forrester found that Cato delivered:
- Network reach and function. “The vendor has 80 or more sites that host ZTE services. PoP sites sit in colocation facilities allowing the solution to choose the best paths across the backbone,” according to the criteria description.
- Best path selection and performance across their backbone. “The solution has traffic control over the links in its backbone and can route traffic over the best paths. The vendor has site reliability engineers continuously evaluating the backbone,” according to the criteria description.
And in terms of utilizing ZTNA for remote access, Forrester found that Cato delivered:
- Zero Trust Network Access (ZTNA): “The vendor’s agent authenticates and authorizes the user and provides multiple advanced features such as universal ZTNA, interception of all ports and protocols, TCP acceleration, application discovery, microsegmentation or auto quarantine,” according to the criteria description.
For more information about Cato Networks’ ranking, download The Forrester Wave™: Zero Trust Edge Solutions Report, Q3 2023 here.
Digital Assets
- [Photo] Shlomo Kramer
- [Image] Cato Networks logo
Supporting Resources
- Read about Cato Networks.
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- Read the Cato Blog.
- For more information about Cato’s news and activities, follow the company via Twitter, LinkedIn, Facebook, Instagram, and YouTube.
About Cato Networks
Cato provides the world’s most robust single-vendor SASE platform, converging Cato SD-WAN and a cloud-native security service edge, Cato SSE 360, into a global cloud service. Cato SASE Cloud optimizes and secures application access for all users and locations everywhere. Using Cato, customers easily replace costly and rigid legacy MPLS with modern network architecture based on SD-WAN, secure and optimize a hybrid workforce working from anywhere, and enable seamless cloud migration. Cato enforces granular access policies, protects users against threats, and prevents sensitive data loss, all easily managed from a single pane of glass. With Cato, businesses are ready for whatever’s next.
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Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023, a controversial bill he initially co-sponsored with Senator Elizabeth Warren and others. This bill, reintroduced in the Senate on July 27, 2023, aimed to bring the cryptocurrency industry into alignment with existing anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Key Provisions of the Bill
The legislation proposed stringent regulations on digital asset providers, including unhosted wallet providers, miners, and validators, by classifying them as financial institutions under the Bank Secrecy Act (BSA). It mandated these entities to adhere to BSA compliance requirements, which include extensive reporting and monitoring responsibilities. Additionally, the bill called for the Financial Crimes Enforcement Network (FinCEN) to establish regulations for reporting significant foreign digital asset holdings and to create compliance measures to address risks associated with anonymity-enhancing technologies.
Senator Marshall’s Shift
Marshall’s withdrawal from the bill comes as a surprise, particularly given his earlier criticisms of cryptocurrencies, which he has described as a “threat to national security.” This includes concerns over stablecoins like Tether potentially facilitating illegal activities and circumventing U.S. sanctions. Despite his earlier stance, Marshall’s departure from the legislation suggests a reconsideration of the bill’s implications or an alignment with broader political and industry perspectives on cryptocurrency regulation. His office has not provided a comment on the reasons for his withdrawal.
Political and Industry Reactions
The bill had garnered significant bipartisan support, with 18 co-sponsors, reflecting a broader concern in Congress over regulating the rapidly growing cryptocurrency market. However, it has also faced criticism for potentially imposing impractical compliance burdens that could stifle innovation and push crypto activities offshore. Critics argue that the bill’s stringent requirements could inadvertently drive users toward unregulated platforms, thereby undermining its intent to enhance security and regulatory oversight.
Broader Context
The withdrawal comes at a time when cryptocurrency regulation is a highly contentious issue in U.S. politics. Former President Donald Trump has promised to relax crypto regulations if elected, contrasting with the current administration’s more stringent stance. Under President Joe Biden, the Securities and Exchange Commission (SEC) and other regulatory bodies, led by figures like Gary Gensler, have taken a more rigorous approach to regulating the sector, which has drawn criticism for being overly restrictive.
Senator Marshall’s decision to step back from the Digital Asset Anti-Money Laundering Act reflects the complex and evolving nature of cryptocurrency regulation in the U.S. While the bill seeks to bring greater oversight and security to the crypto industry, it also raises concerns about regulatory overreach and its potential negative impact on innovation and privacy. As the debate continues, the U.S. legislative and regulatory landscape for cryptocurrencies remains in flux, balancing the need for security with the desire to foster technological innovation.
Source: decrypt.co
The post Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored appeared first on HIPTHER Alerts.
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