Security News for the Week Ending April 29, 2022

Sungard Files for Chapter 11 Bankruptcy Protection – Again

Sungard, the king of disaster recovery and business continuity needs to figure out a new business. They previously filed for Chapter 11 in 2019 and shed $800 million in debt, but they have a fundamental problem. As businesses move from private data centers to the cloud and from offices to work-from-home, they just don’t need Sungard anymore. And, likely never will. They REALLY need to reinvent themselves. Credit: Tech Target

Any Sign of the Supply Chain Returning to ‘Normal’?

One of the lists I am on asked this question and the answer seems to still be no time soon. High end network and server gear still is between 6-12 months or ‘unknown’ out. Manufacturers are reducing their chip and system product range to focus limited supply on the more important products and some customers are getting priority based on performance penalties in long term contracts. The NY Times has an extensive piece on all of the problems, none of which are easy to fix in the short term. Credit: NY Times

AWS Locks Up NSA Cloud Deal

Years ago Amazon (AWS) locked up a deal worth up to $10 billion to provide a secure, classified cloud to the CIA. That was before the days of contract protests over the cloud. Years later, the DoD tried the same thing, called JEDI. It died due to contract protests. DoD is still trying to build a classified cloud, now called JWCC. However, now the NSA has joined the CIA and awarded AWS a $10 billion contract to build them a classified cloud. The rest of the DoD is still waiting. Credit: Meritalk

Brazil Senate Passes Bill to Regulate Cryptocurrency

The Brazilian Senate has passed a bill that regulates the cryptocurrency market in an effort to protect consumers. Crypto exchanges would fall under the regulation of Brazil’s Central Bank. As one of the leaders in the crypto market, Brazil is also set to release a cryptocurrency pegged to the real, Brazil’s currency. It is not clear to me what the value of any cryptocurrency pegged to any country’s currency, but the good news (bad news?) is that since it is based on software, all of these new cryptocurrencies will likely be hacked and the hackers will make billions. At least someone will get rich. Credit: ZDNet

China, Russia and India Do Not Agree Not to Undermine Future Elections Using Misinformation

The United States, European Union, United Kingdom and 32 other nations have committed to not interfere with future elections by running online misinformation campaigns or illegally spying on people. On the other hand, Russia, China and India, unlike these 60 other countries, did not agree to the declaration. Not really a big surprise. Credit: ZDNet

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