Savid CEO, Michael Davis, is quoted by SCMagazine.com regarding BlueCross fine over breach related to HIPAA notification rule :
According to Michael Davis, CEO of Savid Technologies, a Chicago- based technology and security firm specializing in risk management, told SCMagazine.com on Thursday, “I think they were relatively lenient if you look at the amount of records and the way the actual theft occurred. Cigna did not cooperate with the OCR very well. Because of that they were fined another $3 million, yet they only had [fewer] than 60 records breached.”
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Technology Capital Investors Acquires IT Security Firm Savid Technologies
MSP Investment Firm Expands IT Services Portfolio; Previews Plans to Launch New Cloud Security and Compliance Practice in North America
New York City, NY – Feb. 13, 2012 – Executing against its vision to successfully partner with, empower and profitably grow local and regional MSPs, Technology Capital Investors (TCI), a specialized IT services investment firm, announced today it has acquired Savid Technologies Inc., a well established security consulting firm and managed service provider (MSP) with operations based out of Chicago.
Under the terms of the agreement, Savid Technologies will join TCI’s national portfolio of high-performance MSP partners. The successful MSP will keep its company brand, associates and executive leadership including industry renowned cloud security expert, author of Hacking Exposed, and CEO of Savid Technologies Michael A. Davis.
As part of TCI, Michael Davis will continue to run the day-to-day operations of the business, and serve as the leadership behind TCI’s new suite of managed security and compliance services which is scheduled to launch in Q1 2012.
“Savid Technologies is a strategic partner acquisition that will play an integral role in TCI’s growing family of MSP brands, and become the central hub for our new North America security and compliance practice,” says Sam Attias, managing partner, TCI. “Working as a team, TCI and Savid Technologies will bring to market a fully integrated security offering that our partners can market and sell to their clients.”
“TCI is on the cutting edge of technology and fast becoming a driving force within the IT industry,” says Davis. “Sam and his team have a true understanding of client IT needs, and have the right vision and plan around the future of the marketplace.”
“We’re pleased to join the TCI family and extend our security and compliance skill set into a nationwide team that will help shape the IT industry and accelerate adoption of cloud computing by offering proven security and compliance services to enterprise and SMB clients,” concludes Davis.
For more information on TCI, visit www.techcapinvestors.com.
About Savid Technologies, Inc.
Savid Technologies, Inc. provides specialized IT consulting services nationwide. The firm’s expertise and experience runs broad and deep with clients ranging from small businesses consisting of no more than three people to Fortune 500 companies, as well as high-profile government and military agencies. Savid’s primary IT services include IT security audits, outsourced IT for small to midsize businesses and compliance services. www.savidtech.com
About Technology Capital Investors
Technology Capital Investors (TCI) has helped MSPs and hosting companies successfully grow their businesses by partnering with them and establishing a profitable and scalable business model that includes cloud-based IT services and specialized market expertise. TCI also invests in cloud and
SaaS based solutions that enable the delivery of IT services to end clients. www.techcapinvestors.com
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Savid CEO, Michael Davis, is quoted by NetworkComputing.com regarding how total number of network breaches are on the rise, although data loss from cyber attacks has decreased significantly:
According to Michael Davis, CEO of a Chicago-based security consulting firm, Savid Technologies, and author of the new InformationWeek Reports How to Pick Endpoint Protection, malware was by far the most common reason for security breaches suffered by respondents to the InformationWeek 2011 Strategic Security Survey. He says they routinely see users dismiss a security prompt or choose to execute a program (which turns out to be malicious) because they are irritated at being interrupted or don’t understand the consequences of their actions.
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SAN FRANCISCO, Feb. 7, 2012 – /PRNewswire/ – InformationWeek Reports (www.reports.informationweek.com ), a service provider for peer-based IT research and analysis, announced the release of its latest research report. Data Encryption: Ushering In a New Era encompasses analysis of results from InformationWeek’s recent 2012 data encryption survey and guides readers in choosing and deploying encryption to support a data-centric security policy. More than 500 business technology professionals responded to this poll.
Research Summary:
As longstanding protocols come under attack and sensitive data moves to mobile devices and offsite cloud providers’ systems, encryption adoption is growing, albeit modestly. In our 2012 survey, 91% of respondents are using some encryption vs. 86% in our July 2009 poll.
Findings:
- 67% of our survey respondents encrypt Social Security numbers.
- 49% currently use mobile device encryption for smartphones and tablets.
- 33% have implemented encryption at the database level.
- 19% categorize their encryption use as pervasive, with widespread use across the enterprise.
The report author, Michael A. Davis, serves as CEO of Chicago-based technology and security consultancy Savid Technologies.
For full access to the research data, members can download now:http://reports.informationweek.com/abstract/21/8628/Security/research-data-encryption.html
“Despite media attention, Zappos actually is a poster child for proper encryption of credit card data,” says report author Michael A. Davis. “They tokenized the data, so nothing was actually breached. The last four digits of a credit card are useless to an attacker. And, Zappos obfuscated passwords. In contrast, only 52% of respondents encrypt credit card numbers, and 35% encrypt data archived on tape.”
For more information:
Art Wittmann VP & Managing Director, InformationWeek Reports415-947-6361awittmann@techweb.com
About InformationWeek Business Technology Network (www.informationweek.com )
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow—from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), NetworkComputing.com (networking and communications) and BYTE (consumer technology). The network also provides focused content for key IT targets, such as CIOs, developers, and SMBs via InformationWeek Global CIO, Dr. Dobb’s and InformationWeek SMB, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy—IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions.
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Savid’s CEO, Michael Davis, talks with Chris Talbot regarding Savid’s latest research report, “Data Encryption: Ushering In a New Era”
“Furthermore, the determination of what is encrypted or not is based on the data itself,” Davis said. “Depending on the classification schemes of the organization, it could mean credit card data, PII (personally identifiable information), or PHI (protected health information). Using this approach reduces the risk of having to manage and detect when data leaves the organization because you can be assured it is encrypted no matter where it is.”
Read the Entire Article, Encryption Key To Evolving Data-Centric Security Model
