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Exclusive Interview With Srinivas Mukkamala, Senior Vice President, Security Products At Ivanti

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Exclusive Interview With Srinivas Mukkamala, Senior Vice President, Security Products At Ivanti

In today’s disparate workplace IT is dealing with more devices, more platforms, more apps, more networks, hybrid cloud environments, and more services. Ivanti is an IT and security software company that enables and protects the Everywhere Workplace. In the Everywhere Workplace employees are accessing company networks from a variety of devices and locations. Analytics Insight has engaged in an exclusive interview with Srinivas Mukkamala, Senior Vice President, Security Products at Ivanti.

 

1. Kindly brief us about the company, its specialization, and the services that the company offers. 

Ivanti is an IT and security software company that enables and protects the Everywhere Workplace. In the Everywhere Workplace employees are accessing company networks from a variety of devices and locations. In today’s disparate workplace IT is dealing with more devices, more platforms, more apps, more networks, hybrid cloud environments, and more services. To alleviate the pressure IT, Operation Teams, and Developers are facing, Ivanti built an integrated solution that leverages our autonomous platform to find and protect every device, user, and software, so our customers don’t have to. This has never been more important than it is today. Ivanti is a critical enabler of this new era of work with our self-healing, self-securing, self-servicing technology.

 

2. What is your biggest USP that differentiates the company from competitors? 

There are many vendors who compete with us on a single solution, but we are the only vendor able to discover, manage, secure and service all the devices in an organization using AI-driven automation to detect issues and then perform actions or remediation to self-heal before impacting users. Ivanti also provides IT teams with the benefit of a single view for management across all the devices accessing the sensitive data of their organization.

 

3. Please brief us about the products/services/solutions you provide to your customers and how do they get value out of it 

Ivanti is the provider of the Ivanti Neurons hyper-automation platform that leverages artificial intelligence and machine learning to address the growing demands placed on IT and security teams amid the global shift to remote and hybrid work. It autonomously self-heals and self-secures devices and provides personalized self-service experiences to end-users. Ivanti Neurons uses automation bots to provide real-time intelligence across all assets in the Everywhere Workplace, including every endpoint and IoT edge while delivering a consumer-grade employee experience.

 

4. How can end-users put their organizations at risk of a ransomware attack? And how can Ivanti solutions preempt & prevent this? 

Unpatched systems are the leading cause of ransomware attacks today and are increasing in frequency and severity every year. The impact on companies is devastating. These attacks typically lead to lost business for companies as they often cause increased customer turnover, system downtime, diminished reputation, and other adverse side effects. Ransomware attackers are increasingly targeting mid-market companies to avoid the media attention that comes from attacking large enterprises.

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Ivanti is constantly sharing our lessons learned via our Spotlight Report Series to raise awareness and provide actionable information. Organizations must take steps to protect themselves. Patching to fix Common Vulnerabilities and Exposure (CVEs) is one of the best steps an organization can take to counter ransomware attacks. Unfortunately, research from Ivanti shows that 71% of IT and security professionals find patching to be overly complex and time-consuming.

Ivanti has been a leader in patch management for years, and as the ransomware threat elevated, we ramped up our efforts to stay ahead of the problem.

Ivanti has the most robust data on patches, vulnerabilities, and exploits. In August, Ivanti acquired RiskSense, which enables us to drive the next evolution of patch management, grounded in a proactive risk-based approach. Ivanti differentiates itself from our competitors by our intelligence on which vulnerabilities are tied to ransomware and because organizations can also leverage our capabilities to quickly remediate the threat. These unique capabilities build on each other for a blended offering that is unmatched in the market today.

 

5. What are some of the challenges faced by your company today? 

This is a critical time in cybersecurity. For example, ransomware experienced a stunning surge in prevalence and sophistication throughout the pandemic. Following the rapid shift to remote work, remote access services became easy and primary targets for bad actors, with phishing often used as the attack vector. Ransomware remains a universal problem that is not going away. At Ivanti, one of our core values is to Fight the Good Fight and this means that we wake up every day with a commitment to enable, prepare, and protect our customers so they can drive their own business success. This is a large undertaking, but we are up to the challenge.

 

6. What’s your growth plans for the next 12 months? 

Our growth plans for the next year include planned updates to our Ivanti Neurons platform and continually enhancing solutions across the entire platform. We also are focused on different verticals and departments that historically didn’t utilize a service management platform and relied on manual processes, such as facilities and human resources. We are working on finding more ways for our solutions to alleviate the strain IT and security teams are facing and that is opening up a tremendous avenue for growth.

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Charles Stanton, CMO Bondly Finance on Rebranding to Forj Network

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Charles Stanton, CMO Bondly Finance on Rebranding to Forj Network

Bondly Finance and Animoca Brands have recently announced Bondly Finance’s rebrand to Forj. Previously the brand has led the way in the NFT space through several innovative partnerships and today we’re speaking directly to Charles Stanton, the Chief Marketing Office at Forj to learn more about the launch, what changes we can expect and how Forj is ultimately focusing on simplifying Web3 and forging strong fan and creator partnerships. Interestingly the launch is a result of an extensive rebrand undertaken over the course of the past six months led by leading brand design exports whose clients included Disney and Coca-Cola!

Q: Can you please explain what Bondly Finance does?

A: Bondly Finance is an end-to-end Web3 and NFT solutions provider, majority-owned by Animoca Brands, working with big brands and creators across a range of projects and campaigns leveraging our technology to meet their requirements.

Q: What is the reason behind the rebranding exercise?

A: Along with Animoca Brands we are committed to onboarding the next wave of consumers into Web3, and we knew Bondly Finance wasn’t the right brand for that in the long term. It’s far too centred on DeFi and the ‘finance’ angle doesn’t have broader appeal to the majority of creators and fans out there. For example, if you’re a top record label or a major entertainment brand, you are considering how your audience will respond to a partnership with us and it’s clear they will relate far better with a dynamic, energetic and adaptive brand like Forj than with Bondly Finance.

Q: Will there be any difference in the goals of Forj, as compared to that of Bondly Finance?

Absolutely, our focus is centred around fan and creator partnerships – the very epitome of ‘forging’ is the creation of something, whether a relationship or an experience. Through our growing number of brands (such as Metaprints and PolkaPet World) and partnerships with huge platforms like Spring and Bandsintown, we’ll be bringing fans closer than ever to the creators they love. Creators like Lewis Capaldi and many more are to be announced!

Ultimately the goal is to be the leading gateway for broader audiences to experience Web3, whether through the metaverse or through ownership of an NFT that unlocks meaningful experiences.

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Q: How does Forj aim to help web3 adoption?

A: We want to simplify Web3, and work with brands to unlock the potential to create incredible branded experiences in real life and in the metaverse. Adoption comes from simplification and focusing on what matters – the experience. The fact that the experience is powered by the blockchain shouldn’t matter, it’s how it can enable new and meaningful interactions between fans and creators, such as DAO governance, metaverse events, and exclusive access passes to meet the creators.

Q: What are the immediate plans for Forj?

A: We have a lot of big announcements coming, many centred around our relationship with Animoca Brands and our position in their group which is hugely exciting.

Q: What will happen to $BONDLY and how will the holders benefit from this transition?

A: The token, for now, remains unchanged and token holders should benefit from the impact of the string of announcements we have coming that will add utility to the token.

Q: Are they any new products and partnerships planned under the Forj banner? would you like to give our readers a sneak peek into it?

A: We’re working with Phantom Galaxies as their exclusive sales partner, which will be our first big exclusive announcement! We’ll also be launching a new product in the coming weeks which I’m super excited about. We also have some major new partnerships to be announced, it’s going to be a busy month…

Q: Anything else you would like to convey to our readers?

A: Only that this is just the start, Forj is a brand to meet the demands of the next wave of Web3 consumer and we’d love you to be a part of it. Check our new website www.Forj.network for more

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Animoca Brands co-founder says web3 is growing despite the recent crypto crash

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Animoca Brands co-founder says web3 is growing despite the recent crypto crash

Bitcoin · Ethereum › Interview

Animoca Brands co-founder Yat Siu claims the recent crypto market rout is different from the one in 2018 because the industry has more utility, which makes it stable.

2 min read

Updated: May 18, 2022 at 12:37 pm

Cover art/illustration via CryptoSlate

Animoca Brands co-founder Yat Siu believes the web3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg’s Stephen Engle on May 18.

Siu said the recent crash in the crypto market is not similar to the 2018 rout. He highlighted that Bitcoin (BTC) was trading below $3,000 and Ethereum (ETH) traded below $100 at some point during the 2018 crash. Siu added that most crypto adopters at the time had embraced the sector for speculative purposes because the ecosystem was immature and did not have utility.

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However, at the moment, the crypto sector has expanded and has diverse applications in the metaverse, non-fungible tokens (NFTs). Speaking about the recent TerraUSD-triggered collapse, Siu said it is more contained. Moreover, Siu believes the recent crash has not affected the crypto ecosystem in terms of utility, although prices took a sharp dive.

Additionally, unlike in 2018, when investors converted their crypto into fiats, he claims investors converted their holdings into stablecoins or other crypto tokens following the turmoil. In so doing, Siu believes crypto adopters continue to build the web3 ecosystem, making it more stable.

Investors with a long-term outlook continue investing in crypto

Sharing his thoughts on whether the poor performance of the crypto market has discouraged venture capitals from injecting funds into the space, Siu said people that understand the industry are investing actively. He added that Animoca Brands considers the current market situation an ideal buying opportunity.

According to him, Animoca Brands’ lens is not focused on the three to 12 months. Specifically, he said the company is investing based on a 10 to 20-year approach. Siu added that Animoca Brands invests in projects that help build the network of NFTs. The company’s recent acquisition of French video game studio Eden Games aligns with this strategy.

Although he admits ten years is a lot of time, Siu said web3 is a natural evolution of the internet, and most of the world will embrace it. He pointed out that a significant percentage of the global population already depends on the digital world.

However, the current web2 platforms do not offer users a say or stake in their operations, even though their existence solely depends on user activity. On the other hand, web3 platforms offer stakes and rewards for their time and engagement.

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Interview

Tether claims they were ready for this bank run

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Tether claims they were ready for this bank run

Bitfinex › Interview

Tether CTO declared that Tether was ready for a bank run over a month ago

3 min read

Updated: May 12, 2022 at 9:07 pm

Cover art/illustration via CryptoSlate

Tether CTO, Paolo Ardoino, told us last month that Tether was prepared for a bank run. Ardoino and the Tether team have run models to simulate a 2008-style financial crisis and believe that it will continue to be able to honor all redemptions even if a similar situation occurs.

Tether’s peg to the US Dollar was rocked yesterday as it fell to $0.95 on major exchanges such as Binance.US and Coinbase. The token traded below $0.995 for the longest time since March 2020 closing several four-hour candles below the 0.005 level. Currently, it has recovered to$0.993 and it looks like the peg may soon be restored. If the peg does come back then Tether may view a 5% max pain drop and a 48-hour recovery as a successful stress test. However, the potential for this level of volatility could now be priced into the crypto market as a whole. When stablecoins have the potential to swing 5% confidence will undoubtedly be hit.

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Regarding the current market conditions, Ardoino tweeted, “Reminder that tether is honoring USDt redemptions at 1$.” In our interview, Ardoino claimed that Tether has never refused redemption. However, it appears that investors need at least $100,000 Tether to use their redemption service and must be outside of the US unless they qualify as an Eligible Contract Participant. Tether declared they have serviced over $300 million in Tether redemptions in the past 24 hours.

When asked whether Tether will always remain pegged to the dollar, Ardoino commented:

“We take into account the worst moments in the history of finance… when we have to simulate what a bank run situation would look like on a Tether portfolio.”

Further in the conversation, he states that if we experience hyperinflation and a “pizza costs $1 million,” it would also be “1 million USDT.” The conversation was focused on the rising global inflation and the hypothetical demise of fiat currency. However, today, it is stablecoins that are in the news cycle with a fear that they may be wiped out amid the volatile market conditions.

Watch the full interview here for more insight into how Tether prepared for a bank run (apologies for the audio quality due to a technical issue):

In response to a direct request for comments, Tether issued the following statement regarding the current market conditions;

Tether is pleased to report that it is business as usual amid some expected market panic following this week’s market movements. 

Tether continues to honour redemptions normally, with verified customers (in allowed jurisdictions) able to redeem USDt on Tether.to for USD$1. In the last 24 hours alone, Tether has honoured over 300m USDt redemptions and is already processing more than 2bn today, without issue. 

Tether has maintained its stability through multiple black swan events and highly volatile market conditions and even in its darkest days Tether has never once failed to honour a redemption request from any of its verified customers. Tether will continue to do so which has always been its practice.

Tether is the most liquid stablecoin in the market, backed by a strong, conservative portfolio that consists of cash & cash equivalents, such as short-term treasury bills, money market funds, and commercial paper holdings from A-2 and above rated issuers. The value of Tether’s reserves is published daily and updated once per day.  You can find the most recent information here: https://tether.to/en/transparency.

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