Mastercard (NYSE: MA), in collaboration with Microsoft, Workday and the nonprofit, nonpartisan Partnership for Public Service today launched the Cybersecurity Talent Initiative – a first-of-its-kind public-private partnership to recruit the nation’s best minds to defend against global cyberattacks. The launch of this initiative serves as a call to action for leading companies, federal agencies and higher education institutions to come together and help grow the talent pipeline of cybersecurity technologists to protect the nation and support our digital economy.
With more than 313,000 cybersecurity job openings in the U.S. between September 2017 and August 2018, the talent deficit is significant and the need for a skilled workforce is steadily expanding. The Cybersecurity Talent Initiative is a new program to help reduce the critical talent gap and support the next generation of motivated, mission-driven cybersecurity leaders.
A selective cross-sector opportunity for highly qualified, recent graduates in cybersecurity-related fields, the Cybersecurity Talent Initiative helps to jumpstart careers and provide the training and experience needed to lead the nation’s cyber defense across the public and private sectors. Participants selected for the program will be guaranteed a two-year placement at a federal agency with cybersecurity opportunities. Before the conclusion of their federal service, participants will then be eligible for full-time positions with the program’s private sector partners, and once hired, will receive up to $75,000 in student loan assistance.
The Cybersecurity Talent Initiative includes an unparalleled group of private sector companies and government agencies that play a vital role in protecting the nation and digital economy.
Founding partners in the program’s inaugural year include:
Participating federal agencies include:
- Central Intelligence Agency
- Department of Defense
- Department of Energy
- Department of Health and Human Services
- Department of Veterans Affairs
- Environmental Protection Agency
- Federal Bureau of Investigation
- Federal Election Commission
- National Oceanic and Atmospheric Administration
- Naval Intelligence
- Small Business Administration
“Cybersecurity is a critical issue facing our world today. It will take a true collaboration between the public and private sectors to get the right resources in place to address the threat,” said Ron Green, chief security officer, Mastercard. “We invite more corporations and government agencies to join us in this critical endeavor and give the best and brightest talent an opportunity to get a step up, enhance their skills and pave their own career paths.”
Throughout the program, participants will engage with subject matter experts from the public and private sectors, build an interagency network of cybersecurity colleagues across government and attend leadership development sessions. By working for government organizations and innovative private sector companies, participants will gain an understanding of the complexity of cybersecurity challenges and develop the necessary skills needed to overcome threats to the nation’s digital infrastructure.
“The Army is pleased to join the Cybersecurity Talent Initiative and partner with top companies and universities across the country to develop cybersecurity talent and provide them with opportunities that help support our nation’s defense,” said Brig. Gen. Jennifer Buckner, director of headquarters Department of the Army’s Cyber, Electronic Warfare and Information Operations. “This program reflects not only our emphasis on, but also the immense value we see in public-private partnerships to collaboratively address the country’s cyberspace talent deficit.”
The federal government’s ability to deliver important services to the American people, protect privacy and safeguard classified information requires an effective and secure digital infrastructure overseen by highly skilled cybersecurity professionals. As of June 2018, only four percent of federal cybersecurity employees are under the age of 30, compared to nearly 14 percent of federal cybersecurity employees over the age of 60, according to federal workforce data.
“It is critical for our government to attract and hire highly skilled workers capable of securing federal computer networks and building defenses against the thousands of cyberattacks that occur every year,” said Max Stier, president and CEO of the Partnership for Public Service, the organization operating the new initiative. “The federal government has fallen more and more behind in the race for cyber talent, and this program will help get it back on track.”
“The Cybersecurity Talent Initiative is an important way for the George Washington University and other top universities to help build a first-class cybersecurity workforce,” said Thomas LeBlanc, president of The George Washington University. “This program offers a unique opportunity for our students to gain invaluable leadership skills and hands-on experience in the public and private sectors, while alleviating the burden of student loan debt.”
Candidates can apply now on the website through October 18. Agencies will make offers by spring 2020 and participants will start in the summer or fall of 2020.
Visit CyberTalentInitiative.org to become a corporate sponsor.
SOURCE Partnership for Public Service
Wirex Launches Enhanced Cryptoback™
Today, payments platform Wirex launched a supercharged update of their revolutionary Cryptoback rewards programme. Customers can now earn up to 1.5% back in Bitcoin on Wirex Visa card purchases.
Released in 2018, Cryptoback was the world’s first rewards programme that paid out 0.5% in cryptocurrency for all in-store spending with the Wirex Visa card. Thanks to the recent launch of the Wirex Token (WXT), customers can now triple the amount of BTC they earn – making investing in cryptocurrency easier than ever before.
Depending on the amount of WXT held, in-store Wirex card purchases now generate up to 1.5% in Bitcoin. There are three levels of crypto rewards available:
- 500,000 WXT = 1.5% Cryptoback
- 100,000 WXT = 1.0% Cryptoback
- 50,000 WXT = 0.75% Cryptoback
Wirex have calculated that the average UK consumer stands to earn more than £300 in Cryptoback every year, just by using their Wirex Visa card for day-to-day spending. Unlike many other cashback programmes, Wirex doesn’t impose restrictions on what customers can do with their rewards. Cryptoback can be redeemed instantly into their Bitcoin accounts, or quickly and easily exchanged into fiat for spending.
Enhanced Cryptoback is just one of the ways that holding Wirex Tokens allows customers to get even more out of their account. They can also enjoy heavily discounted fees based on the same structure, with access to premium products, merchant offers and airport lounges coming soon. As Wirex co-founder Pavel Matveev explains:
“We created the Wirex Token to be something that provides tangible value and benefits for holders beyond its market trajectory. Enhanced Cryptoback is the perfect example of this, as it allows customers to earn and invest in digital currency with a minimum of fuss. We’re looking forward to introducing even more benefits for WXT holders soon.”
Aegis Capital Corp. is pleased to announce its commitment to Equity Research
Aegis Capital Corp. continues to expand its equity research platform with the addition of Benjamin Zucker and James Jang. Benjamin joined in May 2019 as Head of Specialty Finance and James joined in June 2019 to head up the Maritime & Special Situations. These new coverage areas will bolster Aegis’ existing research footprint in the Internet/TMT and Healthcare sectors.
Mr. Zucker joined Aegis from BTIG LLC, where he was a Director and lead analyst covering Mortgage REITs and real estate finance companies. Prior to BTIG, Mr. Zucker was a Vice President at JMP Securities LLC where he covered similar sectors. Benjamin began his career in equity research at Pritchard Capital Partners. At Aegis, Mr. Zucker’s coverage will span across several Specialty Finance sub-sectors including Mortgage REITs, Equity REITs, Business Development Companies (BDCs) and Financial Technology firms (FinTech). Benjamin’s current coverage list includes: Medalist Diversified REIT (MDRR), Sachem Capital Corp. (SACH), and Saratoga Investment Corp. (SAR).
Mr. Jang joined Aegis from Maxim Group LLC, where he was a Senior Vice President and lead analyst covering the Industrials, Infrastructure and Clean-Technology sectors. Previously, Mr. Jang was a senior analyst at Sidoti & Co. covering furniture and textiles and was an equity research associate at Canaccord Genuity covering Maritime and Upstream E&P companies. Since joining, Mr. Jang has expanded Aegis’ research platform into the Agriculture, Oilfield Services, and Industrial Technology sectors with coverage of Profire Energy (PFIE), Marrone Bio Innovations (MBII), Yield10 Bioscience (YTEN) and Sigma Labs (SGLB).
Michael Pata Aegis’ Head of Business Development commented: “Hiring Benjamin and James continues to show Aegis’ commitment to equity research, which brings institutional quality analysis to the small and mid-cap universe.”
SOURCE Aegis Capital
LexinFintech Announces US$300 Million Private Placement of Convertible Notes with PAG
LexinFintech Holdings Ltd. (NASDAQ: LX) (“Lexin” or the “Company”), a leading fintech platform for educated young adults in China, today announced that it has entered into a convertible note purchase agreement with PAG, a leading Asia-focused private equity firm with over US$30 billion in capital under management, pursuant to which the Company will issue and sell convertible notes in an aggregate principal amount of US$300 million to PAG through a private placement. The private placement is subject to satisfaction of customary closing conditions and is expected to close on or around September 16, 2019. The gross proceeds raised from this placement will be approximately US$296.4 million.
The convertible notes will mature in seven years, bearing interest at a rate of 2.0% per annum. The notes will be convertible into fully paid Class A ordinary shares of the Company or ADSs at a conversion price of US$14 per ADS at the holder’s option from the date that is six months after the issuance date. The holder of the notes will have the right to require the Company to repurchase for cash all or any portion of the notes on the fourth anniversary of the issuance date.
At closing, the Company will appoint to its Board of Directors one person designated by PAG.
Mr. Jay Wenjie Xiao, Founder, chairman and chief executive officer of the Company, said, “We are excited to have PAG as our new investor. This investment will enable Lexin to further develop and enhance our consumption-based ecosystem, improve product offerings to our educated adult customers, continue to invest in technology, build up additional consumption scenarios, and provide more consumer benefits to our customers.”
“PAG has a strong commitment to and deep understanding of China’s financial services industry, and we have a demonstrated track record of seeking out and engaging with the industry’s leading companies,” said PAG Chairman & CEO Weijian Shan. “Lexin has an unparalleled platform for meeting young consumers’ credit needs while strictly controlling and minimizing credit risks, which makes it unique, and we are looking forward to supporting the company as it embarks on its next stage of growth.”
Goldman Sachs (Asia) L.L.C., BofA Merrill Lynch and China Renaissance acted as the private placement agents to Lexin on the transaction.
SOURCE LexinFintech Holdings Ltd.
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