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November 2018 www.intellinews.com I Page 19
Harlem Desir, was cited in the statement.
According to Desir, this initiative could seriously re- strict public access to diverse sources of informa- tion and erode the right of freedom of expression.
Desir appealed to the Albanian authorities to reconsider its actions and to examine all possible alternatives to address the defamation issue.
Romania's Bitdefender acquires Netherlands- based RedSocks
Romanian security technology company Bitde- fender said on October 23 it has acquired Neth- erlands-based behaviour and network security analytics company RedSocks Security.
The acquisition is part of Bitdefender's ongoing M&A strategy, expanding the company's portfolio and addressable market into network security and analytics territory.
RedSocks specialises in automated detection
of suspicious network behavior and combating cybercrime. It provides non-intrusive, real-time breach detection solutions and incident response services for its customers.
"Both the US and Europe are key markets for Bit- defender. While the RedSocks portfolio will open more sales opportunities for Bitdefender world- wide, the acquisition of RedSocks will also accel- erate the company’s go-to-market traction within Europe," Bitdefender said in a statement.
Bitdefender has been active in the Netherlands for more than 12 years. With the addition of the Red- Socks office and its staff, Bitdefender will increase its business in the Netherlands, and gain a new foothold within the Northern European region.
In September, the Romanian company acquired Australian peer SMS eTech. In 2017, Bitdefender acquired its French peer Profil Technology as part of its expansion strategy on the corporate segment.
Russia's Alfa Bank invests in fintech fund Corviglia Capital
One of Russia's largest private banks Alfa Bank became the anchor investor of fintech fund Cor- viglia Capital with over $500mn, the CEO of the bank Vladimir Verkhoshinskiy told Reuters on October 22.
Reportedly the fund will invest $10mn-50mn in fintech projects for up to five years, planning to invest a total $250mn in the first three years of operations. The Luxembourg-based fund will be ran by the former chair of Alfa Bank Petr Smith.
Reuters reminds that currently the leaders on Russian fintech investment market are state behemoth Sberbank and private Tinkoff Bank of Tinkov Credit Systems (TCS). The two banks have recently made the headlines on development of remote biometric identification systems.
Russia develops Big Data legislation
The Russian State Duma is reviewing a bill on
Big Data, which would regulate the transfer and processing of data by companies and third parties upon the users' agreement.
Big Data is defined in the bill as an ensemble of information on individuals, except for personal in- formation, which does not allow without additional information or processing to establish the identity of specific physical persons, as cited by Kommer- sant daily.
This month the Association of Big Data Market Participants was established by Russian internet and digital services majors Yandex, Mail.ru, Mega- Fon, oneFactor, and Tinkoff Bank. The associa- tion will be headed by the COO of MegaFon Anna Serebryanikova.
The association will draft united practices and standards for big data processing, storage, and use, setting the rules of the game for the larg-