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InvestMaryland Auction Generates Cyber Funds
Maryland’s Innovation Economy got a boost last month as $84 million was raised through InvestMaryland – an historic initiative created by Gov. O’Malley and passed by the General Assembly last year. The funds, which exceeded a $70 million goal, were generated through an online auction of premium tax credits to insurance companies operating in Maryland. The inaugural round of investments will be made this summer, with approximately $56 million being used to expand the Maryland Venture Fund, an early-stage investor in cyber and other technology companies.
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CyberMaryland at RSA Highlights Cyber Firms
CyberMaryland, the State’s coordinated cyber network, was a hub of activity at the recent RSA Conference in San Francisco, as Maryland cyber companies demonstrated their products to some 300 visitors. On hand were: Oculis Labs, showcasing their products PrivateEye and Chameleon; Prism Microsystems with Event Tracker software; Sonatype and Sonatype Insight; SafeNet, talking Cyber; TechGuard displaying PoliWall in the Cloud; KoolSpan showing TrustChip; Lookingglass demonstrating ScoutVision; and Lockheed Martin’s NextGen Center. NIST Director Dr. Pat Gallagher discussed the National Center of Excellence that will open this year just outside NIST’s gate.
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Securicon Wins Space in Cyber Hive
Among the more than 300 who visited CyberMaryland at RSA, the nation’s premier information security conference in San Francisco last month, was Michael Flemming, president and CEO of Securicon Information Security Systems in Alexandria, Va. Mr. Flemming’s company won three months of free space in Cyber Hive. Located in the Advantage Incubator at UMBC, Cyber Hive offers out-of-state companies in which to establish a presence in Maryland and access cyber resources and opportunities in the university and the incubator.
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Army Expands Cyber Force at Fort Meade
As the U.S. Army expands its cyber systems intelligence and security unit at Fort George G. Meade, new jobs are anticipated for active duty military as well as civilians. According to Col. Jon Sweet, commander of the 780th Military Intelligence Brigade, because computers now run America’s war effort, security breaches can jeopardize missions. “It’s a pretty incredible threat,” he says. The unit identifies the individuals, organizations or nations that are attempting to infiltrate defense networks.
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Cyber Chief Sets Cyber Policy
As federal cybersecurity incidents shot up 650% over the last five years, the Obama Administration’s Cyber Coordinator Howard Schmidt collaborated with NIST, DoD and DHS officials to identify priorities for federal agencies. To protect the nation’s digital highways, agencies have been urged to achieve 95% utilization of critical administration cybersecurity capabilities on IT systems in Trusted Internet Connections (TIC), continuous monitoring, and strong authentication by 2014. The Administration is aligning its cybersecurity guidance with these priorities to help agencies achieve their goals.
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MC2 Partners with CyberPoint
CyberPoint International, a global cybersecurity company located in Baltimore City, is the latest member of the Maryland Cybersecurity Center (MC2), the University of Maryland’s partnership with academia, industry and government to develop and deliver educational programs to prepare cyber warriors for the threats of today and tomorrow.. The alliance leverages the resources, expertise, educational opportunities and cutting-edge research of MC2 and CyberPoint to find solutions to cybersecurity challenges.
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