Blockchain
Device Authority and Intercede distribute SBOMs using RKVST SBOM Hub
RKVST SBOM Hub makes it easy to build supply chain transparency with zero trust fabric
Infosecurity Europe, London and Cambridge UK – June 21, 2022: Zero Trust fabric provider, RKVST announces that its SBOM Hub is being used by Device Authority and Intercede to list and distribute their Software Bills of Materials (SBOMs) meeting the foundational requirements of the US cybersecurity Executive Order 14028, improving the security of software cyber supply chains with zero trust.
An SBOM provides an inventory of all the software components in a particular application, creating essential visibility into the software supply chain. Yet this information also needs to be easily discovered and accessible to authorized security and compliance stakeholders. RKVST SBOM Hub is a free cloud service that makes it easy to discover, store and distribute SBOMs and allows suppliers and consumers alike to search for publicly discoverable SBOMs and find privately shared SBOMs.
SBOMs matter because they help organizations ensure that the software and applications they use are auditable, up-to-date and patched against known security vulnerabilities. Beyond complying with the recent Executive Order related to cybersecurity, actively using an auditable SBOM is an essential pillar of zero trust in the software supply chain. The success of SBOMs, however, rests on enabling software suppliers and consumers to each use their preferred tools and to distribute and share their SBOMs through APIs. RKVST SBOM Hub makes it easy to deliver verifiable trust in data exchanges while enabling business users with no-code controls to govern data privacy, distribution and transparency.
Robert Dobson, VP Technology Partners at Device Authority said:
As a provider of critical software, suppling identity lifecycle management and zero trust capabilities for IoT, we must comply with the SBOM mandate and distribute or make available our SBOM. Our KeyScaler™ IoT Security Platform can be used to enhance the consumption of SBOMs, enforcing a zero trust and remediation model to manage and mitigate risk into critical supply chains. RKVST delivers both use cases with a simple API integration.
Allen Storey, Chief Product Officer at Intercede said:
“Our customers are asking for the SBOM of MyID to comply with the US Executive Order. Emailing ZIP files of SBOMs is a job neither we nor our customers want, especially considering we’re one of many critical software suppliers. RKVST is the trustworthy scalable platform that enables our customers to integrate with whichever tools they prefer and is open to all other software suppliers who need to distribute their SBOMs.”
Our customers are asking for SBOMs to comply with the US Executive Order. Emailing ZIP files of SBOMs is a job neither we nor our customers want, especially considering we’re one of many critical software suppliers. RKVST is the trustworthy scalable platform that enables our customers to integrate with whichever tools they prefer and is open to all other software suppliers who need to distribute their SBOMs.
Rob Brown, vice president business development at RKVST said:
“The Executive Order calls for Zero Trust and SBOMs bring the vital transparency needed to verify trustworthiness in the cyber supply chain. Continuous automated transfer of SBOMs within producers’ and consumers’ preferred tools such as Software Composition Analysis (SCA) and Security Orchestration and Automated Response (SOAR) is an approach that scales successfully. RKVST SBOM Hub has the APIs that deliver the right data to the right place to drive the right decisions, so all can verify then bridge the trust gap.”
For more information, please visit RKVST SBOM Hub
If you’re visiting Infosecurity Europe 2022, ExCel, London 21-23 June, you can see RKVST SBOM Hub in use on the RKVST stand L115.
RKVST is also speaking at Infosecurity Europe as follows:
Tuesday, 21 June, 14:30-14:45, Innovation Showcase – Bridging the Trust Gap, Jon Geater
Wednesday, 22 June, 12:00-12:15, Innovation Showcase – Partner to Bridge the Trust Gap, Rob Brown
Thursday, 23 June, 12:00-13:00, N80 – Infosecurity Magazine panel discussion Quantum and Cyber
About RKVST zero trust fabric
RKVST (pronounced Archivist) is a SaaS platform that bridges the trust gap between enterprises.
Customers use RKVST to solve challenges in handling nuclear waste, software transparency, zero trust connected devices, compliance in construction industries and many more business problems that could be solved if you only knew confidently who what did when to make reliable business decisions with real-time trust context.
RKVST captures the identity of sources and origin of data (provenance), enforces sharing and visibility rules with strong cryptography (governance), and is underpinned by a ledger that prevents forgery, back-dating, or shredding of evidence (immutability). Together, provenance, governance and immutability bridge the trust gap.
About RKVST
RKVST was founded by experts in IoT, cybersecurity, digital identity and blockchain with a vision to overcome the biggest challenge in digital transformation and connected operations: trust. RKVST products and services bridge the trust gap, enabling developers to build, and business users to control, verifiable digital trust between organizations. To learn more visit RKVST.com
Note to editors:
For more information or to arrange a meeting at Infosecurity Europe, please contact:
Tracey Treanor or Peter Rennison, PRPR, [email protected] / [email protected], + 44 (0)1442 245030
Source: RealWire
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
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.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
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.
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