Month: December 2015

Harlem to receive first venture capital fund

December 6, 2015 Abby Shulman Leave a comment Business, Economy

After introducing the accelerator program Cofound Harlem three months ago, 22-year-old John Henry has just announced his plans to launch Harlem’s first venture capital fund. Cofound Ventures, as the VC fund is called, has a goal to raise $8 million in order to run the accelerator program and fund Harlem startups.

Currently, all of New York City’s venture capital firms are located below Central Park, with most operating in midtown Manhattan. Cofound Ventures plans to establish itself in East Harlem on 5th Ave and East 118th St.

“Harlem has never had a fund,” said Henry. “It’s a very special town. There’s a lot of recent development with Columbia expanding, and it’s the perfect time to put up the first fund.”

Cofound Ventures will provide up to $100,000 in additional funding to each company that uses Cofound Harlem’s accelerator. The accelerator program already provides startups initial stipends of $50,000, free office space and mentorship. Instead of taking equity from the startups operating under it, Cofound Harlem requires that each startup operate for its four years in Harlem.

Harlem’s unemployment rate is twice the national average. Through the funding and mentorship of startups, Henry estimates to create 800 high-paying jobs in the next four years. Startups will be also be required to host workshops to the community, free of charge, during their nine month use of Cofound Harlem’s office space.

In Cofound Harlem’s first round of startups, 75 percent of the founders are minorities.

“In terms of what we’re looking for going forward, there is no, say, direct criteria that you have to be underrepresented to be admitted, although we definitely have it in mind,” Henry said. “My goal is to keep this 75 percent for the duration of the cohort. If you consider for a moment that everyone who went through the program was white, I don’t think it would have a meaningful impact.”

Article via TechCrunch, 4 December 2015

Photo: Harlem via Ian Freimuth [Creative Commons Attribution-NonCommercial-NoDerivs]

Legal firms remain concerned about cloud privacy

December 4, 2015 Astrid Countee Leave a comment Legal News, Privacy, Privacy & Data Protection, Tech, Tech for Justice

Lawyers are a conservative group when it comes to adopting new technology. This continue to hold true for the ever popular cloud technologies. Concerns about privacy and security related to data breaches are holding some firms back from transitioning over to cloud storage and services. In a 2015 Cloud Security Survey released Netwrix reveals the concerns around cloud adoption among lawyers include: security and privacy of data (26 percent), migration costs (22 percent) and loss of physical controls (17 percent). Moreover, security risks include unauthorized access (32 percent), insider misuse (18 percent) and account hijacking (18 percent.)

Alex Vovk, CEO and co-founder of Netwrix, told Legaltech News “Legal departments will be reluctant to entrust their valuable data and customers’ sensitive information, until they are absolutely sure that cloud providers can offer better security than the company can ensure on-premises.” Although data security is a privacy issue for all industries, legal departments are less likely to adopt technologies that do not guarantee full protection for their data.

Law firms may be cautious, but that doesn’t mean that they are uninterested in cloud technologies. According to the survey, 44 percent of the respondents indicated they their firms were in a stage of evaluation and discovery concerning cloud services. “This indicates that [law firms] are potentially ready to invest more in additional cloud security and consider various cloud options,” Vovk said. In fact, when it comes to hybrid cloud models, legal entities have the same interest in making the transition as private companies. In addtion, 37 percent of those surveyed favor a private cloud model.

Vovk summed up by stating that “… as soon as cloud providers are ready to provide additional security measures and to some extent ease the compliance burden …lawyers would become less skeptic[al] about cloud adoption.”

Article via Legaltech News, 3 December 2015

Photo: Cloud Solutions via NEC Corporation of America [Creative Commons Attribution-NonCommercial-NoDerivs]

UN launches ideathon for college students to address gender-related violence

December 3, 2015 Abby Shulman Leave a comment Education, Human Rights

The United Nations is launching an “ideathon” for college students in an effort to address the issue of violence against women and LGBTQ people on university campuses. All of today, students are meeting in two to six hour long “physical brainstorming sessions” with the intention of addressing a key question: “How would you create a culture of transparency on college campuses to end gender-based violence?”

The event is part of the UN’s 16 Days of Activism initiative, under the umbrella campaign of HeForShe, which seeks to incorporate men into the movement for gender equality. HeForShe is providing students participating in the ideathon with a list of realistic suggestions in order to facilitate conversation about implementable changes in campus policies.

According to the UN, one in three women have experienced physical and sexual violence, and one in four are sexually assaulted in college. Moreover, LGBTQ people face double the risk of experiencing gender-based violence in college than their heterosexual peers.

HeForShe advertised the event in a video featuring a college student espousing his school pride: “We can make it somewhere we all feel safe—proud of how we got here, what we learned. We can speak out and never be a bystander.”

Article via Mashable, 3 December 2015

Photo: Visiting Artist: Robert Kraft via Berklee Valencia Campus [Creative Commons Attribution-NonCommercial-NoDerivs]

Keep it in the ground movement tries to postpone oil and gas auction

December 3, 2015 Astrid Countee Leave a comment Enviro Justice, Government

On December 10th the U.S. Bureau of Land Management plans to hold an auction for parcels of land in Michigan and Arkansas. The purpose? Leasing by the federal government of publicly owned lands to private companies, often resulting in drilling for oil and gas.

According to the National Wildlife Federation, the American public collectively owns nearly 650 million acres of public land and the fossil fuels beneath it. It also owns more than 1.7 billion acres of Outer Continental Shelf lands that also contain oil and gas resources.  The government holds these auctions regularly, but the upcoming auction on December 10th conspicuously coincides with the final days of the U.N. Climate Summit in Paris.  As a result, the Keep it in the Ground movement is trying to pressure President Obama to cancel this auction.

Keep it in the Ground is a movement of environmental organizations that are aiming to slow climate change by keeping remaining fossil fuels in the ground, instead of available for burning and drilling. The participating organizations include large groups such as 350.org, CREDO, the Indigenous Environmental Network and Greenpeace USA. The movement has been successful in getting the support of seven Democratic senators, including Democratic presidential candidate Bernie Sanders. These senators have introduced the Keep It in the Ground Act which came after organizations associated with the movement sent signed a letter addressed to President Obama urging him to stop new federal leasing of fossil fuels.

Jason Kowalski, U.S. policy director at 350.org, has criticized the president for allowing federal leasing auctions to continue while rallying other nations to fight against climate change. “Here we are, negotiating a climate treaty in Paris, and the core point of this treaty is keeping fossil fuels in the ground,” Kowalski told Mashable. “In the midst of that, we’re holding an auction, and the government itself is selling fossil fuels to the highest bidder?”

Obama has cited the need to keep some fossil fuels unburned, and on Nov. 6, he rejected the Keystone XL oil pipeline, a landmark decision seen as a major victory for environmentalists. “They’ve been bragging about it in Paris,” Kowalski said. “…but it’s really hypocritical to be bragging about the Keystone decision in Paris and at the same time be selling fossil fuels to the highest bidder in Washington, D.C., during the final days of negotiations.”

If Obama does not cancel the Dec. 10 auction, groups associated with the Keep it in the Ground movement are planning to hold a rally and press conference outside of the auction site on that date.

 

Article via Mashable, 3 December 2015

Photo: FERC Protest via A Jones [Creative Commons Attribution-NonCommercial-NoDerivs]

Boyden report shows need for technology officers

December 2, 2015 Shelby Bice Leave a comment Tech

With companies and law firms around the world encountering problems with how to deal with cybersecurity, it’s no surprise that a report released by the international executive search firm Boyden indicates a growing need for technology officers. Not only that, but a statement released by Tim McNamara, co-founder of Boyden’s Risk Management and Security Sector, reveals that finding technology officers who are knowledgeable about all the intricacies of cybersecurity is difficult. McNamara states, “It’s a very complicated sector with bifurcated responsibilities. Consequently, there are multiple strategies to address cybersecurity needs among the commercial, military and defense, and intelligence segments.”

Basically, each company is going to face different risks when it comes to cybersecurity, and each company needs a unique strategy to prevent cyber attacks. Companies are especially in need of technology officers that can also hold leadership positions. It’s important for executives and other officials to be tech-savvy and understand the importance of cybersecurity, since the effects of a cyber attack are not limited to the IT department. Richard Fudickar, managing partner of Boyden Germany, explains that, “management must understand that this issue is about people and behaviors, not just technology.” This involves trusting chief information security officers and and chief security officers to influence executive decisions and be an active part of senior leadership teams. Ken Rich, a partner at Boyden New York, sums it up, saying, “Companies that have embraced the strategy of giving the CISO (Chief Information Security Officer) a seat at the executive table are better equipped to prepare for any breaches in cybersecurity.”

Finding technology officers with the leadership skills necessary to fill that seat may be hard to find, though. The Boyden report indicates that more than half of companies do not feel that they employ enough security officers. Companies may have to start hiring additional technology officers to fulfill the growing need to understand cybersecurity.

Article via Legaltech News, December 1, 2015

Photo: In the Digital Age via Ohad Ben-Yoseph [Creative Commons Attribution-NonCommercial-NoDerivs]

NSA ceases bulk data collection

December 2, 2015 Astrid Countee Leave a comment Cybercrime, Government, In the Law, Legal News, News, Security

The National Security Agency has been collecting metadata, which is information such as phone numbers and duration of calls, since shortly after the attacks of September 11. The collection of this metadata has ceased as of November 28th. So what changed?

There is a new law in place, known as the USA Freedom Act of 2015. This law is being seen as a victory for privacy activists and tech companies looking to protect their user data. The USA Freedom Act of 2015 came about as a response to the revelations of Edward Snowden, a former NSA contractor that revealed the deep surveillance of the NSA on the American people. This new law prohibits the bulk collection of phone data previously done by the NSA. Although the agency won’t keep the bulk data, investigators will still have access to these types of records when they are investigating a particular person, or targeting specific groups. The existing metadata that has been captured during the last 5 years will be kept until next February 29th in order to ensure a smooth transition.

National Security Council spokesperson Ned Price stated that this new law, “struck a reasonable compromise which allows us to protect the country while implementing various reforms”.

Some have concerns, since the new law is going into effect so soon after the terrorist attacks in Paris. At a time when America is scaling back its surveillance, countries like England and France are considering new bills to enhance surveillance. Since American companies like Verizon would be involved, it may mean the creation of new treaties between Great Britain and the United States.  It is likely that this type of confounding circumstance will present itself more in the future due to the international nature of terrorism.

Article via ABAJournal, 30 November 2015

Photo: National Security Agency Seal via Donkey Hotey [Creative Commons Attribution-NonCommercial-NoDerivs]