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Saxony-Anhalt Embraces Change as an Opportunity: Billions Invested in Key Transformation Industries

Retrieved on:

Monday, February 26, 2024

Lithium, Investment, Marketing, Aluminium, Silicon, Tourism, LMG, University, Forestry, Gigafactory, Electronics, Workforce, Bitterfeld-Wolfen, Semiconductor, Wacker Chemie, Research, Economy, Renewable energy

MAGDEBURG, Germany, Feb. 26, 2024 /PRNewswire/ -- The largest investment project not only in Saxony-Anhalt but in all of Europe is Intel's establishment in Magdeburg. Approximately 30 billion euros are set to be invested in the construction of multiple chip factories. The company has initiated collaborations with six universities in Saxony-Anhalt and is actively recruiting its initial workforce. Approval processes commenced in February, paving the way for the production of the world's most advanced chips in the two factories starting from 2027.

Key Points:

MAGDEBURG, Germany, Feb. 26, 2024 /PRNewswire/ -- The largest investment project not only in Saxony-Anhalt but in all of Europe is Intel's establishment in Magdeburg.
Approximately 30 billion euros are set to be invested in the construction of multiple chip factories.
The company has initiated collaborations with six universities in Saxony-Anhalt and is actively recruiting its initial workforce.
Approval processes commenced in February, paving the way for the production of the world's most advanced chips in the two factories starting from 2027.

Saxony-Anhalt Embraces Change as an Opportunity: Billions Invested in Key Transformation Industries

Retrieved on:

Monday, February 26, 2024

MAGDEBURG, Germany, Feb. 26, 2024 /PRNewswire/ -- The largest investment project not only in Saxony-Anhalt but in all of Europe is Intel's establishment in Magdeburg. Approximately 30 billion euros are set to be invested in the construction of multiple chip factories. The company has initiated collaborations with six universities in Saxony-Anhalt and is actively recruiting its initial workforce. Approval processes commenced in February, paving the way for the production of the world's most advanced chips in the two factories starting from 2027.

Key Points:

MAGDEBURG, Germany, Feb. 26, 2024 /PRNewswire/ -- The largest investment project not only in Saxony-Anhalt but in all of Europe is Intel's establishment in Magdeburg.
Approximately 30 billion euros are set to be invested in the construction of multiple chip factories.
The company has initiated collaborations with six universities in Saxony-Anhalt and is actively recruiting its initial workforce.
Approval processes commenced in February, paving the way for the production of the world's most advanced chips in the two factories starting from 2027.

Critical Software Vulnerabilities Impacting Credit Unions Discovered by LMG Security Researcher: Immediate Action Recommended

Retrieved on:

Tuesday, February 13, 2024

Risk, CVE, Database, Organization, Disclosure, LMG, Gosney, SQL, CMS, Environment, Online shopping

MISSOULA, Mont., Feb. 13, 2024 /PRNewswire/ -- LMG Security, an internationally recognized cybersecurity consulting firm, has discovered three new critical software vulnerabilities that pose a significant threat to hundreds of organizations in the United States.

Key Points:

MISSOULA, Mont., Feb. 13, 2024 /PRNewswire/ -- LMG Security, an internationally recognized cybersecurity consulting firm, has discovered three new critical software vulnerabilities that pose a significant threat to hundreds of organizations in the United States.
Emily Gosney, a cybersecurity consultant at LMG Security, discovered these vulnerabilities in a web application that is primarily used by credit unions to manage content.
A malicious user could leverage these vulnerabilities to gain "ultra admin" access to any organization running this application.
LMG Security responsibly disclosed all three vulnerabilities to the software provider, and the software provider may have addressed these vulnerabilities in its application v7.75.

LMG Security and Surefire Cyber Announce Partnership to Bolster Proactive Cybersecurity and Incident Response Services

Retrieved on:

Wednesday, February 7, 2024

Sherri, Digital forensics, Partnership, LMG, Davidoff, Incident, Communication, Organization, Risk, Risk management

MISSOULA, Mont., Feb. 7, 2024 /PRNewswire/ -- LMG Security, an internationally recognized cybersecurity consulting firm, and Surefire Cyber, a cyber Digital Forensics and Incident Response (DFIR) provider, are pleased to announce a strategic partnership to deliver both proactive and response services to their clients.

Key Points:

MISSOULA, Mont., Feb. 7, 2024 /PRNewswire/ -- LMG Security, an internationally recognized cybersecurity consulting firm, and Surefire Cyber, a cyber Digital Forensics and Incident Response (DFIR) provider, are pleased to announce a strategic partnership to deliver both proactive and response services to their clients.
By partnering, customers of both organizations have access to industry-leading proactive cybersecurity services and solutions to prevent cyber threats, as well as tech-enabled incident response services that accelerate forensic results, improve communication, and reduce business disruption.
"We are excited to partner with Surefire Cyber," said Sherri Davidoff, CEO of LMG Security.
"Their innovative incident response model is the perfect complement to LMG's proactive cybersecurity services," stated Davidoff.

PacketFabric Names Networking Industry Veteran Anna Tichborne Chief Operating Officer

Retrieved on:

Tuesday, January 9, 2024

Artificial intelligence, Megaport, Aviation, General counsel, Employment, Cleanaway, Network, LMG, Network as a service, Telecommunications, Machine learning

CULVER CITY, Calif., Jan. 9, 2024 /PRNewswire/ -- PacketFabric, a leading Network as a Service (NaaS) innovator and a Digital Alpha Advisors, LLC portfolio company, today announced Anna Tichborne has been appointed the company's Chief Operating Officer. Tichborne was previously General Counsel at Megaport, also a Network as a Service provider, where she was instrumental in launching the company's global business operations into 25 countries and advising on employment issues in 13 nations.

Key Points:

Tichborne has 20+ years of experience at publicly traded companies, such as Megaport and Transpacific Industries Group.
"I'm thrilled to add Anna to the executive team," said Vincent English, Chief Executive Officer at PacketFabric.
She has worked across multiple global industry sectors including IT, telecommunications, real estate, finance, franchising, entertainment, employment, and aviation.
"I am excited to join PacketFabric at this pivotal juncture in the company's growth journey," Tichborne said.

AYRO Secures 19 Million € Series B Financing Round Led by SWEN Capital Partners’ Blue Ocean Fund

Retrieved on:

Tuesday, September 26, 2023

(Photo: Business Wire)

Key Points:

(Photo: Business Wire)
Existing investors Ocean Zero and Bpifrance, through its Ecotechnology 2 fund, as part of France 2030 initiatives, participated in the round, alongside new investors AmInvest, Colam Impact, Normandie Participations, Normandie Littoral and FCPI Capital Innovant n°2 managed by SWEN Capital Partners.
Christian Lim, Managing Director of Blue Ocean, will join the board of AYRO.
This major investment in AYRO occurs at a unique moment when both the company and the market are at an inflection point.
“Blue Ocean backs startups that can deliver both systemic impact for ocean health and competitive market returns.

ACORD Releases Implementation Toolkit for New Contract, Risk, and Pre-Accounting Data Standard

Retrieved on:

Monday, September 4, 2023

LONDON, Sept. 4, 2023 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data. The CRP Standard was developed to streamline the flow of contract information among industry stakeholders, and support modernisation initiatives in the London Market. The CRP Standard was formally approved by the ACORD Global Reinsurance & Large Commercial Program Advisory Council in late August.

Key Points:

The CRP Standard was formally approved by the ACORD Global Reinsurance & Large Commercial Program Advisory Council in late August.
The ACORD CRP Standard, an integral component of the ACORD Global Reinsurance & Large Commercial (GRLC) Standards, is fully aligned to the Core Data Record (CDR) v3.2.
The ACORD GRLC CRP Implementation Toolkit contains assets to support consistent integration of the CRP messaging standard across industry organizations, including JSON and API specifications, as well as resources for XML implementation.
To download the Implementation Toolkit, or for more information on the ACORD Global Reinsurance & Large Commercial Standards, please visit www.acord.org/grlc .

LMG Security Researcher Identifies New Software Private Key Vulnerability Within a Fortune 500 Company's Software

Retrieved on:

Thursday, August 10, 2023

VMware, Public, Crime, CITV, Organization, VCenter, DEFCON, LMG, AES, Environment, Software, Online shopping

MISSOULA, Mont., Aug. 10, 2023 /PRNewswire/ -- LMG Security, an internationally recognized cybersecurity consulting firm, has discovered a new vulnerability involving a Fortune 500 company's software static encryption key.

Key Points:

MISSOULA, Mont., Aug. 10, 2023 /PRNewswire/ -- LMG Security, an internationally recognized cybersecurity consulting firm, has discovered a new vulnerability involving a Fortune 500 company's software static encryption key.
Any adversary with access to this specific software can use this key to decrypt the administrative credentials for VMware's vCenter and leverage this access into a complete takeover.
Discovered by Tom Pohl, LMG Security's penetration testing team manager, this information is being released at Pohl's DEFCON session, "Private Keys in Public Places."
"Attackers are looking for private keys," said Tom Pohl, penetration testing team manager at LMG Security.

The Riverside Company Closes Value Fund I at Target of $350 Million

Retrieved on:

Thursday, July 13, 2023

DUI, Stable value fund, LP record, Trust, Investment, LMG, RVF, Growth, Environment

CLEVELAND and SANTA MONICA, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- The Riverside Company, a global private investment firm focused on the smaller end of the middle market, announced the successful final close of its Riverside Value Fund I (RVF I), achieving its target of $350 million in capital.

Key Points:

CLEVELAND and SANTA MONICA, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- The Riverside Company, a global private investment firm focused on the smaller end of the middle market, announced the successful final close of its Riverside Value Fund I (RVF I), achieving its target of $350 million in capital.
The Riverside Value Fund (RVF) generally invests in businesses undergoing operational transformation or facing complex situations or unique challenges.
The fund has a flexible mandate, but primarily targets control investments in North American businesses that generate revenue between $60 million and $300 million.
“We believe our differentiated approach to sourcing, coupled with our hands-on operational expertise and broad resources across the Riverside platform, position us to deliver positive results.

ETHDenver Announces Marquee Speakers Including Danny Ryan, John Linden, Sherri Davidoff, and Frances Haugen

Retrieved on:

Friday, February 17, 2023

Blockchain, Cryptocurrency, Metaverse, Web3, Professional Services, Technology, Fintech, NFT, Ethereum, Myth, Non-fungible token, MST, Hacker, LMG, Billboard, Map

ETHDenver , the world’s largest and longest-running annual Blockchain and Web3 event, has announced key additions to its speaker lineup, including the blockchain and cryptocurrency industry’s most prominent disruptors and thought leaders.

Key Points:

ETHDenver , the world’s largest and longest-running annual Blockchain and Web3 event, has announced key additions to its speaker lineup, including the blockchain and cryptocurrency industry’s most prominent disruptors and thought leaders.
In addition to previously announced speakers such as Jared Polis , Governor of Colorado, the event will host Danny Ryan , Ethereum Foundation Researcher, John Linden , CEO of Mythical Games , White Hat Hacker “ Alien ” (a.k.a Sherri Davidoff, CEO of LMG Security) and Frances Haugen , data scientist and Facebook whistleblower.
ETHDenver will also host a surprise guest for a live, special performance of their recent album, which landed on the Billboard top 100 list.
“We are thrilled to announce the participation of many insightful experts driving innovation in the crypto and blockchain industry,” said John Paller, founder and executive steward of ETHDenver.