Trust Your Supplier blockchain network launched by IBM
Trust Your Supplier is said to be desig...
IBM and blockchain consultant Chainyard have announced the launch of a supply chain focused blockchain network.
Trust Your Supplier is said to be designed to improve the qualification, validation, onboarding and life cycle management of suppliers, facilitated by the IBM Blockchain Platform.
In its 5 July press release, IBM identified founding participants as including AB InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone.
"Working with IBM and Chainyard on this blockchain initiative represents a great opportunity for Nokia to further enhance our suppliers' experience and optimize the onboarding process," said Sanjay Mehta, Vice President Procurement, Nokia. "Using the latest technology to address a classical challenge will be of benefit for everyone, and further increase the speed of using innovative solutions."
Eliminating the paperwork and manual labour usually associated with supply chain management, Trust Your Supplier instead uses the blockchain to create an audit trail. With a digital passport identifying suppliers, IBM said the process should reduce the time and cost for companies managing suppliers.
"Blockchain has the ability to completely transform how companies onboard and manage their supplier network for the future," said Renee Ure, Chief Supply Chain Officer for Lenovo's Data Center Group. "Through Trust Your Supplier, both buyers and suppliers will see the procurement benefits of blockchain through reductions in cost, complexity and speed."
The network is planned to be made commercially available in Q3 of 2019, with IBM planning to bring 4,000 of its North American suppliers onto the network in the near future.
Ivanti Acquires RiskSense to Combat Cyber Attacks
Ivanti, an IT asset and service management software solutions provider, has acquired RiskSense, a company that works in risk-based vulnerability management and prioritisation, to drive the next evolution of patch management.
This combination of the two companies will enable organisations to ‘shrink their attack surface, prioritise vulnerabilities to remediate, and reduce their exposure to cyber threats and ransomware attacks by taking a proactive, risk-based approach to patch management’. The terms of the RiskSense transaction were not disclosed.
“Over the past two years, cyberattacks such as ransomware have crossed the line from being a nuisance to truly disrupting society,” said Srinivas Mukkamala, CEO of RiskSense. “And unpatched vulnerabilities remain one of the common points of infiltration into organisations’ ecosystems. I’m committed to the global fight against ransomware. And I truly believe that the combination of risk-based vulnerability prioritisation and automated patch intelligence can help organisations reduce their exposure and make a major impact in global cyberspace. Together, RiskSense and Ivanti will help customers drive operational efficiencies and defend against the next wave of sophisticated cyber threats, including ransomware attacks.”
Providing IT teams with the tools to tackle cyber issues
Solutions from the combined companies are expected to reduce the meantime to detect, discover, remediate, and respond to cyber threats, particularly critical vulnerabilities linked to or associated with ransomware. Together, Ivanti and RiskSense will provide security and IT teams with context and adaptive intelligence regarding what their organisation’s exposures are to vulnerabilities that are being actively exploited, including whether those vulnerabilities are tied to ransomware, and then enable them to quickly remediate those threats.
Ivanti has already integrated the RiskSense Vulnerability Intelligence and Vulnerability Risk Rating, which prioritises and quantifies adversarial risk based on factors such as threat intelligence, in-the-wild exploit trends, and security analyst validation, into Ivanti Neurons for Patch Intelligence.
“This combination will allow us to provide our customers with a holistic view of vulnerabilities and exposures, and then enable them to take fast action through Ivanti Neurons for Patch Intelligence. Customers will be able to greatly reduce their attack surface and risk of breach because of the vulnerability intelligence and the resulting remediation prioritisation based on actively trending exploits and ransomware attacks,” said Jim Schaper, Ivanti Chairman and CEO.