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Across the United States, many local governments and states — as well as private companies — are discovering their cyber insurance premiums have skyrocketed and that they must meet stricter guidelines
The latest acquisition for OpenGov involves a company whose software helps public agencies with capital planning, infrastructure maintenance and related tasks. The deal reportedly gives OpenGov a $1.25 billion valuation.
The program, announced last week by Gov. Kathy Hochul, would provide county governments and select cities with endpoint detection and response tools to continuously monitor systems and protect against cyber attacks.
Texas-based Ryan, which sells tax services and software, is beefing up its government business while also making a bigger play for the Canadian market. The deal follows a similar acquisition in late 2021.
The state is set to receive $110 million in federal funds to expand high-speed Internet access to about 22,000 families and businesses in rural parts of the state. The money comes from the American Rescue Plan.
The project to expand broadband service to all current and future businesses at the Raleigh County Memorial Airport is moving forward. Commissioners approved $22,500 in funds to continue the project earlier this week.
As affordable cyber insurance becomes more elusive, experts are reminding governments that insurance is only one piece of the puzzle and urging them to focus first on investing in cyber defenses.
The vehicle-mounted cameras are designed to interact automatically with all nearby body-worn cameras. The move follows the $1.89 million purchase of 225 body-worn cameras in September 2020.
The majority of the federal funds, around $11.2 billion, will go to the Defense Department, while $2.9 billion will go to the Cybersecurity and Infrastructure Security Agency to bolster U.S. cyber defenses.
The city has set its sights on building an open-access fiber network that will serve a neighborhood of about 3,200 households. Officials plan to use $10 million in American Rescue Plan funds for the pilot.
The newly updated website was paid for through federal pandemic relief funds granted to the town in 2021, which can be used for investments in upgrading technology infrastructure resources.
The state has announced that a pot of as much as $8 million will be made available to local governments for the purposes of improving election security. Municipalities can expect $1,500 for each voting district.
The fresh capital from Peterson Private Equity will fund product and market growth. It comes as more local and state governments, as well as schools, turn to digital accounting and billing tools.
Industry experts point out several concerns regarding the use of digital currencies for campaign donations. The issues of transparency, market volatility and a lack of regulations are among the key concerns.
Local government agencies like Houston METRO look to make wise use of funding coming from the Infrastructure Investment and Jobs Act to strengthen existing assets while innovating for the future.