stolen data to increase pressure on targets who refuse to pay. This includes sharing the contact details or doxing the family members of targeted CEOs and business owners, as well as threatening to report any information about illegal business activities uncovered in stolen data to the authorities.

Grip Security and SecurityScorecard formed a strategic partnership introducing a revolutionary approach to managing SaaS security risks. CHR Solutions released a next-gen suite of cybersecurity solutions, powered by Kaseya, designed to safeguard networks. SLB and Palo Alto Networks are expanding their collaboration to strengthen cybersecurity for the energy sector. The companies will combine SLB's cloud and edge technologies and domain expertise in the energy industry with Palo Alto Networks cross-industry, platform-based cybersecurity solutions. 

SEALSQ unveiled advanced digital crypto wallet features to protect against potential threats posed by quantum computing. Included is a converged eSIM solution that integrates an embedded, secure element, eUICC, and certified NFC connectivity into a single platform. SEALSQ is also collaborating on a proof-of-technology project with the Hedera blockchain, focused on integrating Public Key Infrastructure signatures with biometric authentication. RSA implemented new, passwordless, phishing-resistant capabilities that meet stringent technical standards and can help public sector agencies, contractors, and system integrators fulfill Executive Order 14028 and National Security Memo 8 to improve the nation’s cybersecurity. Palo Alto Networks has completed the acquisition of IBM's QRadar SaaS assets. This partnership paves the way for more customers to benefit from next-gen SOC Innovation and AI-powered security solutions.

Cloud News

Lumen and Microsoft announced a partnership that will use the Microsoft Cloud to further drive Lumen’s digital transformation. In addition, Microsoft chose Lumen to expand its network capacity and capability to meet the growing demand on its data centers due to AI. Juniper Research's new study has found that the volume of cellular data serviced by the cloud will grow from 700,000 PB in 2024 to 2.8 million PB in 2028, as operators deploy cloud infrastructure to improve network efficiency. AT&T has selected the Amdocs connectX cloud-native SaaS platform to support AT&T’s mission to build a cutting-edge ecosystem for evolving consumer landscapes.

Ericsson and Turkcell had a successful trial deployment of the Ericsson 5G Cloud Radio Access Network technology on Turkcell's network. With the deployment, Turkcell becomes one of the first communications service providers globally to try this technology. Element Critical formed a new partnership with Comcast Business. The partnership enhances Element Critical’s retail services by offering businesses located in its data center facilities direct access to Comcast Business’ advanced, fully redundant, fiber-based network backbone, and fast, reliable connectivity and telecommunications services.

Market News

Guardforce AI expanded its Artificial Intelligence of Things Robot Advertising business into the U.S. market, beginning with the initial deployment of over 200 robots in New York. This significant milestone is a key step in Guardforce AI's broader strategy to expand its advertising business. Additionally, the company has completed the proof-of-concept for a decentralized spatial computing solution on its robots, which is expected to launch in late August. Ericsson has entered into a binding agreement with Koch Equity Development, L.L.C., in relation to the sale of iconectiv. Ericsson’s cash benefit from the transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately $1 billion. 

HUB Cyber Security successfully completed a $3.3 million private placement from non-U.S. investors. This investment is in the form of convertible notes with a conversion price of $0.70 per share. As part of the transaction, the Company has also issued warrants with an exercise price of $1.00 per share. AVAIO Digital Partners announced its partnership with one of Quebec's leading renewable energy developers, Sunbird Energy. The partnership integrates Sunbird’s renewable energy capabilities with ADP’s large scale development project in Gatineau.