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Demand For Protection For OT Devices Grows: The Future Of Industries Seeks Efficient And Secure Solution

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Palo Alto Networks makes AI-Powered OT Security easy to adopt. New Zero Trust OT Security solution secures critical infrastructure without additional sensors

Operational technology (OT) plays a significant role in the digital evolution process of companies in the industrial and manufacturing sectors, they monitor and control physical processes, such as production control systems, process automation, temperature, pressure and motion sensors, and industrial robotics.

The usage and connectivity of operational technology (OT) are rapidly growing as are the number of cyberattacks on OT environments. These attacks can disrupt operations, causing damage that can reach far beyond revenue and reputation to the supply chain, human safety, and critical infrastructure. OT devices can be hard to secure because many lack built-in security and were not designed to be patched.

In addition, high uptime requirements limit the ability to do regular security maintenance. OT environments are also at risk as organizations adopt new technologies like 5G, which enable mass connectivity, and open up remote access.

Zero Trust technology and security

Zero Trust technology is a network security strategy where no user or device on or off an organization’s network is granted access to connect to systems unless explicitly required.

According to the global survey “What’s Next in Cyber” by Unit 42, the research arm of Palo Alto Networks, for 29% and 28% of the IT leaders interviewed, the main benefit of a Zero Trust structure is the best adjustments that guarantee initiatives digital transformation and higher levels of overall security. The survey also revealed that among the challenges respondents face with regard to the Zero Trust framework is the lack of qualified vendors with a complete, integrated solution and the scarcity of tools for enterprise-wide deployment.

Industries such as manufacturing, energy, construction, agriculture, and supply chain are always in need of new solutions to keep up with changes in the market, which is why Palo Alto Networks introduces Zero Trust OT Security to better protect operational technology systems and devices. The new solution protects environments and industrial devices connected to 5G.

“Most OT security solutions in the market fall short because they can’t identify all the assets and can only alert but don’t prevent threats. This leads to a patchwork of siloed security technologies, which can lead to security gaps,” said Anand Oswal, SVP, network security at Palo Alto Networks. Our OT Security solution is designed to help organizations stay secure through granular visibility and effective inline security while meeting their availability and uptime requirements.”

The new protection tool from Palo Alto Networks

Cybersecurity issues are often managed one issue at a time, resulting in security teams trying to protect companies with multiple security technologies siled, which can lead to security breaches.

A key component of the solution is the new cloud-delivered Industrial OT Security service, which can be easily enabled — without the need to install additional sensors — by any of the 61,000+ active customers of Palo Alto Networks network security products: hardware and software Next-Generation Firewalls (NGFW) and Prisma SASE. Built on an AI-powered foundation with ease of deployment in mind, the new solution enables customers to secure their OT environments from the most sophisticated threats while simplifying their operations.

Using the industry’s first ML-powered OT visibility engine, the Industrial OT Security service recognizes hundreds of unique OT device profiles, over 1,000 OT/Industrial Control System (ICS) applications, and has hundreds of distinct OT threat signatures to help protect these hard-to-secure assets. A notable feature of the service is its ability to help security teams proactively understand risk and apply controls. It continuously observes, categorizes and visualizes asset behavior so anomalies can be discovered immediately and addressed with firewall policy.

The Zero Trust OT Security solution secures multiple OT use cases with consistent Zero Trust policies, all managed centrally:
– OT assets and networks using Palo Alto Networks NGFWs, along with the new Industrial OT Security service.
– Remote access using Prisma SASE.
– 5G-connected devices using NGFWs with Palo Alto Networks 5G-Native Security.

“As industrial OT systems and IT systems become more interconnected, so does the size of the attack surface available to the adversary. Defending against increasingly sophisticated threats requires expanded security strategies that can provide visibility, context, and Zero Trust capabilities across both OT and IT networks, devices, applications, and users,” said Dave Gruber, principal analyst, Enterprise Strategy Group. “The Palo Alto Networks solution embraces this unified security model, promising to help protect complex OT environments.”

“Manufacturing has come into the crosshairs of many recent cyberattacks. Palo Alto Networks Industrial OT Security is a must have to ensure security best practices are in place,” said Jared Mendenhall, director, Information Security, Impossible Foods. “We look forward to Palo Alto Networks’ dedicated OT Security solution to help us further secure our manufacturing plant, remote operations, and realize our broader Zero Trust vision.”

Availability
Palo Alto Networks Zero Trust OT Security solution and Industrial OT Security service will be available in March.

About Palo Alto Networks
Palo Alto Networks is the world’s cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we’re committed to helping ensure each day is safer than the one before. It’s what makes us the cybersecurity partner of choice.

At Palo Alto Networks, we’re committed to bringing together the very best people in service of our mission, so we’re also proud to be the cybersecurity workplace of choice, recognized among Newsweek’s Most Loved Workplaces (2021 and 2022), Comparably Best Companies for Diversity (2021), and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com.

Palo Alto Networks, Prisma, and the Palo Alto Networks logo are registered trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.

Methodology
The Palo Alto Networks Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1.300 executives (CIOs, CISOs, CTOs, CSOs, and COOs) at large companies (those with $250M+ in revenue) in the following countries: US, Canada, U.K, France, Germany, Netherlands, Italy, Spain, Brazil, Mexico, Japan, Singapore, India, Australia, and New Zealand, between July 26th and August 16th, 2022, using an email invitation and an online survey.

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Artificial Intelligence

Who is Jensen Huang Nvidia CEO?

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Jensen Huang, born February 17, 1963, in Tainan, Taiwan, is a renowned American entrepreneur and co-founder of Nvidia Corporation, a leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies. Under his leadership, Nvidia has evolved into a powerhouse in the tech industry, with significant influence on AI development and the gaming sector.

Early Life and Education

Huang’s journey began in Taiwan, where he was born to a chemical engineer father and a grade school teacher mother. The family moved to Thailand before eventually sending Jensen and his brother to the United States to live with their uncle in Tacoma, Washington. They later attended the Oneida Baptist Institute in Kentucky, an experience that introduced Huang to the rigorous academic and social environment of American education.

Huang pursued electrical engineering at Oregon State University and later earned a master’s degree in electrical engineering from Stanford University. These academic foundations laid the groundwork for his future innovations in technology.

Career and Achievements

In 1993, Huang co-founded Nvidia, recognizing the potential of GPUs not only for graphics but also for general-purpose computing. This vision has driven Nvidia to become a central player in the AI revolution. Nvidia’s GPUs have become essential tools in various fields, including scientific research, autonomous vehicles, and deep learning.

Huang’s strategic leadership has garnered numerous accolades. He was named the best-performing CEO in the world by Harvard Business Review in 2019 and was inducted into the National Academy of Engineering in 2024. He has also been recognized in Time’s list of the 100 most influential people in both 2021 and 2024.

Under Huang’s guidance, Nvidia has achieved remarkable milestones, such as a market valuation surpassing $2 trillion and dominating the AI chip market with an estimated 80% share. His vision extends to the future of AI, predicting exponential growth in AI capabilities over the next decade.

Personal Life

Jensen Huang is known for his distinctive personal style, often seen in his trademark black leather jacket. He resides in Los Altos Hills, California, with his wife Lori, whom he met during his college years. They have two children, who are also involved in the tech industry.

Huang’s contributions to technology and AI continue to shape the industry, making him a significant figure for C-suite executives to follow. His insights and leadership offer valuable lessons in innovation, strategic growth, and the transformative potential of AI.

For more detailed information on Jensen Huang and his impact on Nvidia and the broader tech industry, you can visit Nvidia’s official site.

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Artificial Intelligence

Jensen Huang: Driving Nvidia’s Role in AI Development and Advancement

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Jensen Huang, co-founder and CEO of Nvidia, has been a pivotal figure in transforming Nvidia into a global leader in AI technology. His visionary leadership has propelled the company from its origins as a graphics chip manufacturer to a powerhouse driving significant advancements in artificial intelligence (AI).

Early Vision and Strategic Innovations

Huang’s journey began in 1993 when he co-founded Nvidia. His early vision for high-performance computing and GPUs laid the foundation for Nvidia’s growth. The launch of the GeForce 256 GPU in 1999 marked a major milestone, revolutionizing computer graphics and setting the stage for Nvidia’s future innovations.

Transformative AI Technologies

Under Huang’s leadership, Nvidia has developed cutting-edge AI technologies that are now integral to various sectors. Key among these is the Nvidia DGX Cloud, which provides enterprises with scalable AI infrastructure. This service allows companies to rent powerful AI computing clusters, facilitating rapid development and deployment of AI models.

Moreover, Nvidia’s AI Foundations services, including NeMo, Picasso, and BioNeMo, cater to diverse AI needs, from custom language models to drug discovery and creative industries. These services illustrate Huang’s strategic foresight in addressing industry-specific AI applications.

AI Integration Across Industries

Huang’s vision extends beyond technology to practical applications of AI across multiple industries. For example, Nvidia’s partnerships with cloud providers like Oracle, Microsoft, and Google enhance its AI ecosystem, enabling seamless integration of AI capabilities into enterprise operations. In healthcare, collaborations with Medtronic and other companies are revolutionizing medical devices and drug discovery through AI.

Sustainability and Corporate Responsibility

Jensen Huang has also championed sustainability and corporate social responsibility. Nvidia’s initiatives in this area underscore a commitment to environmental stewardship and social impact, ensuring that technological advancements benefit broader societal goals.

Future Prospects and Vision

Huang remains optimistic about AI’s future, predicting exponential growth in AI capabilities. He foresees AI systems that can continuously learn and solve increasingly complex problems, further solidifying AI’s role in shaping the future. At the 2024 GTC, Huang emphasized AI’s transformative potential, highlighting Nvidia’s role in pioneering new AI-driven industries.

Jensen Huang’s leadership has been instrumental in Nvidia’s rise as a dominant force in AI technology. His strategic initiatives and visionary approach have not only advanced Nvidia’s capabilities but also integrated AI into critical sectors, driving innovation and shaping the future of technology. Under Huang’s guidance, Nvidia continues to set new benchmarks in AI development, ensuring its continued influence and success in the rapidly evolving tech landscape.

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Businessuite News24

Nvidia’s Transformative Impact on Technology and Business: What Caribbean Executives Need to Know

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Nvidia, a name that resonates deeply in the tech industry, has once again made headlines with its stellar performance, driving the AI revolution forward. This development holds significant implications for businesses worldwide, including those in the Caribbean. Understanding Nvidia’s trajectory and its potential impact can offer strategic insights for regional executives aiming to stay competitive in an increasingly tech-driven global market.

Nvidia’s Impressive Performance

Nvidia’s latest financial results have exceeded expectations, signaling a robust continuation of the AI-driven rally. The chipmaker’s sales forecast and recent quarterly results not only surpassed estimates but also justified the substantial rise in its share price over the past year. This performance suggests a sustained demand for Nvidia’s advanced semiconductor technology, particularly in AI applications.

For the Caribbean business community, this is a pivotal moment. Nvidia’s chips are foundational to AI development, powering everything from data centers to autonomous vehicles and advanced manufacturing processes. As AI becomes more integral to business operations, the demand for high-performance computing solutions like those offered by Nvidia is set to increase.

Broader Market Implications

Nvidia’s success is having a ripple effect across the technology sector, bolstering US stock futures and providing a lift to the tech-heavy Nasdaq 100 index. This momentum indicates a broader confidence in tech stocks, despite recent market volatility. For Caribbean investors and businesses, this could signal opportunities for strategic investments in technology stocks and AI-driven solutions.

Moreover, Nvidia’s advancements in AI are likely to drive innovation across multiple industries. From healthcare to financial services, AI-powered analytics and automation can enhance operational efficiency, improve customer experiences, and open new avenues for growth. Caribbean businesses, by adopting AI technologies, can streamline processes, gain competitive advantages, and even tap into new markets.

Navigating Economic Uncertainties

While Nvidia’s success story is compelling, it’s essential to consider the broader economic context. The Federal Reserve’s recent discussions highlight a commitment to maintaining higher interest rates to curb inflation. This stance could have varying effects on different sectors, including technology.

For Caribbean executives, staying informed about such macroeconomic trends is crucial. Higher interest rates can impact borrowing costs, investment decisions, and overall economic growth. However, the tech sector, particularly companies like Nvidia that are at the forefront of innovation, often demonstrates resilience and continued growth potential despite economic fluctuations.

Strategic Takeaways for Caribbean Businesses

Invest in AI Capabilities: As Nvidia’s technology drives the AI revolution, Caribbean businesses should consider investing in AI tools and platforms to enhance their competitiveness. Whether through direct investments in technology or partnerships with AI solution providers, leveraging AI can lead to significant operational improvements.

Monitor Tech Market Trends: The buoyancy in tech stocks, propelled by Nvidia’s performance, underscores the importance of keeping an eye on market trends. Caribbean investors and business leaders should stay updated on developments in the tech sector to make informed investment and strategic decisions.

Adapt to Economic Policies: Understanding the implications of monetary policies, such as the Federal Reserve’s interest rate decisions, is crucial for strategic planning. Businesses should assess how these policies might affect their operations and investment plans, particularly in sectors sensitive to economic shifts.

Conclusion
Nvidia’s blowout performance is more than just a tech industry headline; it’s a harbinger of the transformative power of AI and advanced computing. For Caribbean business executives, recognizing and adapting to these developments can unlock new opportunities and drive sustainable growth. By investing in AI capabilities, staying abreast of tech market trends, and navigating economic uncertainties with informed strategies, Caribbean businesses can thrive in the dynamic global landscape.

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Leadership Conversations

Artificial Intelligence Safeguards Critical Infrastructure From Advanced Cyberattacks

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The increasing frequency of these attacks represents a significant challenge for organizations, demanding ever greater investments in cybersecurity measures.

Artificial intelligence (AI) will unleash the next wave of efficiency, experience and growth across industries by 2030. According to Deloitte, the AI-based cybersecurity market is expected to reach US$102.78 billion by 2032. Despite the benefits it offers to companies, this technology is also being exploited by cybercriminals to carry out evasive, unique and damaging attacks, which traditional cybersecurity solutions cannot detect. Palo Alto Networks identifies an average of 2.3 million new and unique threats daily and blocks an average of 11.3 billion online threats per day, highlighting the urgency of combating these risks.

Jamaica faces significant challenges in terms of cybersecurity. In February 2024, the Minister of National Security, Horace Chang, stated that despite the cyberattacks experienced in both the public and private sectors, the government is working to comply with the Data Protection Law, which has been in force since December 1st, 2023, and this law mandates companies to ensure proper handling and privacy of institutional and user information.

In this context, Palo Alto Networks, a global leader in cybersecurity, has introduced a series of new security solutions to help companies block attacks generated by artificial intelligence (AI) and effectively protect the use of AI by design, a human-centered approach to innovate with AI and machine learning (ML), with a focus on generating solutions that meet real user needs.

“Companies must quickly move beyond the use of isolated processes and solutions and recognize the benefits of adopting an integrated platform that represents more than just a technological stack, but a crucial business mechanism essential for achieving success,” said Nikesh Arora, president and CEO of Palo Alto Networks.

“Precision AI™ combines machine learning (ML) and deep learning (DL) with the accessibility of generative AI (GenAI) in real-time, offering AI-driven security to overcome malicious attacks and proactively protect networks and infrastructures. The platform represents the necessary approach, and, coupled with integrated solutions that can both protect and enable AI, are critical to achieving results. Palo Alto Networks’ Precision AI is the game-changer that will create a new paradigm in security — perhaps for the first time — where the defender is ahead of the adversary.”

The AI-driven approach is based on three pillars:

● AI combating AI: The most effective way to combat attacks generated by artificial intelligence is by using the technology itself to neutralize potential negative impacts or risks associated with its malicious use. The Precision AI Security Package offers Advanced Security Services, including Advanced URL Filtering, Advanced Threat Prevention, Advanced WildFire®, and Advanced DNS Security.

These services utilize inline AI, characterized by the direct integration of artificial intelligence systems into processes or workflows, operating without external interruption. This approach enables the prevention of sophisticated web-based threats, zero-day attacks, evasive command-and-control attempts, as well as DNS hijacking attacks.

● AI by design: Create a secure AI ecosystem that prioritizes the integrity of AI security frameworks, enhances compliance, and minimizes data exposure from early development stages to deployment. AI Access Security provides confidence to an organization’s team in using AI tools, ensuring comprehensive visibility, robust controls, data protection, and proactive threat prevention measures.

● Prisma Cloud’s AI Security Posture Manager (AI-SPM) protects the AI ecosystem by identifying vulnerabilities, prioritizing correct configurations, and enhancing compliance, while AI Runtime Security protects applications against real-time threats, such as prompt injections and denial-of-service (DoS) attacks on the model. Additionally, Cloud-Native capabilities include AI attack path analysis, impact scope, and targeted remediation to quickly identify and correct complex risks and potential breaches.

● Generative AI to simplify cybersecurity: Precision AI-powered co-pilots on Palo Alto Networks platforms help truly understand user intent, perform, and automate user actions, flag alerts and best practices, provide in-product support, and ticket workflow.

The benefits of Precision AI are realized through Palo Alto Networks´ platform approach to integrated capabilities and data accessibility. The idea is to eliminate the boundaries of scattered solutions to optimize security and improve operational efficiency. According to Frank Dickson, vice president of the IDC group, the key benefits of adopting a unified platform of security products are the ability to have intimately integrated network, cloud, and SOC environments.

“In the current accelerated environment, to successfully adopt and implement AI, organizations must understand that the quality and quantity of data are crucial, investing in integrated solutions and systems that ensure robust data input is essential to achieve desired outcomes in AI,” commented Dickson.

About Palo Alto Networks
Palo Alto Networks is a global leader in cybersecurity. We innovate to overcome cyber threats so organizations can embrace technology with confidence. We provide cutting-edge cybersecurity to thousands of customers worldwide, across all sectors. Our industry-leading cybersecurity platforms and services are backed by sector- leading threat intelligence and powered by cutting-edge automation.

Whether it's deploying our products to enable a zero-trust enterprise, responding to a security incident, or partnering to deliver better security outcomes through a top-tier partner ecosystem, we are committed to helping ensure that each day is safer than the last. That's what makes us the preferred cybersecurity partner. At Palo Alto Networks, we are committed to bringing together the best people to serve our mission, which is why we are also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2022), Comparably Best Companies for Diversity (2021), and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com.

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Businessuite News24 International

Nvidia Is Turning Into A Casino For The YOLO Trading Crowd

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Nvidia is turning into a casino for the YOLO trading crowd, with some traders on Monday placing bets the the world’s third-largest company could double in value this week. While the trade is insignificant next to wagers on single-digit moves in the stock and there’s pretty much no chance Nvidia will close remotely close to the level of those options, it does bring back memories of 2021’s meme-stock mania.

Traders could in theory sell the contracts for profit if Nvidia rallies this week, but the early signs aren’t too promising. The stock is flat in pre-market trading after Chief Executive Officer Jensen Huang’s highly anticipated speech in California Monday — in which he unveiled new Blackwell chips aimed at extending his company’s dominance of artificial intelligence — proved more of a boon for the shares of the company’s customers and partners than Nvidia itself.

Source Bloomberg

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