BAE Systems’ Applied Intelligence Unit has added to its portfolio, launching cloud-hosted NetReveal 360° for AML Compliance package, the company reported on Tuesday.

“NetReveal 360° frees institutions from having to manage internal infrastructure, solutions or schedule maintenance and updates, by shifting these responsibilities to our managed services. With NetReveal 360°, customers can simply log in wherever they are and defend their financial systems with ease,” said Brian Ferro, head of AML/BSA Compliance, BAE Systems. 

BAE Systems’ NetReveal 360° is an individualized cloud service that will combine applications for Customer Due Diligence (CDD), Anti-Money Laundering (AML), Watch List Management (WLM) and Data Privacy. 

The solution will merge the services from a single provider to strengthen security and enhance scale to advance long term business offerings. BAE Systems’ NetReveal 360° will include data preparation and ingestion, configuration, tuning, management and monitoring, while ensuring security, innovation and customer service.

BAE Systems has designed and maintained the system, with assistance from financial crime specialists, to create a fully managed, end-to-end compliance package compatible with AWS and Azure. The company has offered multiple deployment models that will adapt to unexpected changes in demand within hours.

NetReveal 360° cloud security will be compliant to the highest levels of security standards across the federal government and is ISO27001 and PCI DSS certified. BAE Systems has integrated the NetReveal Data Privacy Agent solution to adhere with GDPR and CCPA data privacy regulations.

“AML Compliance is a constantly evolving and complex landscape for institutions, with criminals attempting to exploit new business and technology in rapid fashion. These factors, if not properly monitored, could undermine business and constrict growth,” added Ferro. 

About BAE Systems Applied Intelligence

At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations.

NTT DATA has published a study, “The Big Pivot: From Data Islands to Data Insights,” that has reported on data usage, noting that that 10 percent of organizations have used data effectively for transformational purposes, the company announced on Tuesday. 

“To rebound effectively, corporations, organizations and government agencies must shift to next-generation technologies and create contactless experiences, increased security, and scalable hybrid infrastructures – all reinforced by quality, integrated data,” said Greg Betz, senior vice president, Data Intelligence and Automation, NTT DATA Services. 

NTT DATA has stated that 79 percent of organizations recognize the strategic value of data; however,  efforts to use it are hindered by significant challenges including siloed islands of data across the organization and lack of data skills and talent.

The study has analyzed the role of data and analytics that assist organizations shift from disruption to transformation in response to the economic climate. The study has reported that 37 percent of businesses are very effective at using data to adopt or invent a new business model, and 31 percent are using data to enter new markets.

These respondents have proven that organizations have started prioritizing a data-driven culture, but fall behind in the basic aspects of data management and governance. “Our study reinforces that organizations who act quickly and decisively on their data strategies – or Data Leaders – will recover from the global crisis better and even accelerate their success,” added Betz. 

In addition, NTT DATA’s survey has noted that 59 percent of the financial services (FS) sector organizations report being aware of and fully prepared for new data regulations, and 34 percent report data is shared seamlessly across the enterprise. 

More than eight out of 10 respondents within the manufacturing sector have noted the respective organizations ability to act quickly in the event of a data privacy breach, but the sector has reported struggles with data silos as well as retaining necessary skills and talent to analyze their data. 

60 percent of healthcare respondents have noted that organizations are aware and prepared for new and upcoming regulations, but there has been a lack of data literacy skills, with a fifth of respondents reporting that they don’t understand how to read, create and communicate data as information.

“This study validates that many of the top data challenges organizations face today are decades old,” said Theresa Kushner, consultant, AI and Analytics, NTT DATA Services. “The 2020 pandemic is a wakeup call for businesses at any scale, and a reminder that in today’s global economic climate the time to address data challenges and chart a new path is now.”

About NTT DATA Services

NTT DATA Services is a digital business and IT services leader. Headquartered in Plano, Texas, we are the largest division of trusted global innovator NTT DATA Corporation, a top 10 provider and part of the $109B NTT Group. With our consultative approach, we leverage deep industry expertise and leading-edge technologies powered by AI, automation and cloud to create practical and scalable solutions that contribute to society and help clients worldwide. 

Our global team delivers one of the industry’s most robust and integrated portfolios. This includes consulting, applications, data intelligence and analytics, hybrid infrastructure, workplace, cybersecurity and business process services to help organizations accelerate and sustain value throughout their digital journeys.

Gen. Paul Nakasone, head of U.S. Cyber Command and a 2020 Wash100 Award recipient, said ensuring the security of the 2020 U.S. presidential elections against foreign threat actors and other cyber hackers is a top priority for the Department of Defense (DoD), DoD News reported Monday.

Nakasone, who also serves as director of the National Security Agency (NSA), said the 2016 election interference prompted DoD to carry out measures to protect future elections, such as forming a cybersecurity workforce equipped with the right policies and authorities and establishing partnerships with the Department of Homeland Security (DHS), FBI and other agencies to gain insights into adversaries.

"We know our adversaries better than they know themselves," he said Monday at the Association of the United States Army's Thought Leaders webinar. "We're going to act when we see adversaries attempting to interfere in our elections," he added.

The National Security Commission (NSC) on Artificial Intelligence (NSCAI) has recommended that the U.S. should come up with a digital service academy and digital reserve corps to help the public sector attract more tech talent, FedScoop reported Monday.

NSCAI commissioners said Monday the digital academy would run as a fully accredited, independent entity with students performing internships in the government and private sector during breaks.

Jose-Marie Griffiths, NSCAI commissioner and president of Dakota State University, said members of the digital reserve corps would serve as instructors and advisers as they work on government projects on an annual basis for a minimum of 38 days.

“The United States government needs a better way to tap into the expertise of those who would like to serve,” Griffiths said.

The recommendations are part of NSCAI’s report for the second quarter of 2020 that was discussed in a video call.