World News
Cypago, which aims to automate compliance and governance for companies, raises $13M on August 24, 2023 at 11:00 am

There’s a growing number of cybersecurity regulations designed to keep business and customer data protected. In 2022 alone, over 40 U.S. states introduced 250 bills focused on cybersecurity, according to the National Conference of State Legislatures. And more are on the way.
The trend’s a clear win for consumers. But some firms are struggling to keep up with the emerging standards and certifications. According to one survey, 63% of companies — concerned about the consequences of noncompliance — plan to spend more money this year on compliance and risk.
That’s been to the benefit of startups like Cypago, which attempts to automate cybersecurity processes and workflows around cyber governance, risk and compliance. Founded by Arik Solomon, a former EY executive, and Yahav Peri, previously an officer in the Israel Defense Forces intelligence corps, Cypago has raised $13 million in funding (plus $2 million in debt) led by Entrée Capital, Axon Ventures and Jump Capital.
Solomon says he was inspired to launch Cypago by his experiences at EY, which involved helping companies through exhaustive security assessment exercises. CISOs and security teams often had trouble manually validating their security programs against their business requirements, he says, which discouraged them from reaching full compliance.
“The cyber governance, risk and compliance criteria is only going to become more stringent and complex, and for businesses to effectively meet quickly evolving standards, the latest AI and tech will need to be deployed,” Solomon told TechCrunch via email. “We at Cypago have set out to help security teams overcome challenges in the space with a turnkey software-as-a-service platform that allows for easy implementation, fast adoption and API-based integrations with existing tech stacks.”
A glimpse at Cypago’s dashboard, where customers can view the status of their company’s governance, risk and compliance programs.
Cypago, which is designed to play nicely with both cloud-based and on-premises environments, taps AI to attempt to automate the work involved with collecting and analyzing data related to security, compliance, and privacy controls. Across different tools and services, via no-code workflows, Cypago enables customers to measure and test their security programs against standards and common frameworks.
For example, Cypago can parse a company’s service documents to identify — and even fill — potential gaps in security policies. And it provides access to an AI assistant called Co-Pilot, which delivers answers to natural language questions about a company’s overall cybersecurity and governance, risk and compliance posture.
“Cypago leverages proprietary-built models, specifically tailored for the cybersecurity governance, risk and compliance domain, that are able to analyze, understand and generate complex texts in documents and policies,” Solomon said. “These capabilities, combined with data from integrations with existing cloud and on-premise tool stacks, makes Cypago the first-of-breed platform to provide full cybersecurity visibility and enforcement from documents to systems’ data.”
Certainly, Cypago promises a lot. And it’s not competing alone in a governance, risk and compliance market that was estimated to be worth $47.22 billion in 2022, according to Grand View Research.
Beyond the roster of solutions from Oracle, HPE, Thomson Reuters, IBM and other established vendors, there’s a number of governance, risk and compliance management software upstarts vying for attention. See Osano, which helps companies monitor and manage their risk and compliance with privacy laws like GDPR; Kompliant, which focuses on financial compliance; and Kintent, which seeks to abstract away a range of traditional enterprise compliance tasks.
Is Cypago differentiated? Does it deliver on all of its claims? Perhaps. In any case, the startup’s seeing relatively healthy uptake, according to Solomon, with a customer base that spans “dozens” of brands including Check Point, Hippo Insurance and Trigo.
With the new cash, Cypago, which is based in Tel Aviv, plans to grow its R&D division and product teams to support its go-to-market efforts in North America and the EU. Solomon says that the startup’s team will expand from 26 employees to “30 or more” by the end of the year — an impressive commitment given the current political unrest in Israel and its effect on the local tech sector.
“The pandemic only accelerated the demise of the corporate network perimeter,” Solomon added. “Likewise, with the sustained movement to remote work and an increasing reliance on hybrid and multi-cloud services, organizations are now faced with more headwind in terms of achieving and maintaining governance, risk management and compliance across disparate frameworks and environments.”
There’s a growing number of cybersecurity regulations designed to keep business and customer data protected. In 2022 alone, over 40 U.S. states introduced 250 bills focused on cybersecurity, according to the National Conference of State Legislatures. And more are on the way. The trend’s a clear win for consumers. But some firms are struggling to
Business
GLOBAL SUSTAINABILITY SUMMIT RETURNS FOR ITS 5TH EDITION AT THE BRITISH PARLIAMENT – HOUSE OF LORDS, PALACE OF WESTMINSTER

FOR IMMEDIATE RELEASE
Theme: “People, Planet, and Profit in the Age of AI and Innovation”
London, United Kingdom — The Global Sustainability Summit (GSS) is officially back for its landmark 5th Edition, continuing its legacy as one of the leading international platforms driving sustainable development, climate action, ethical investment, innovation, and global collaboration.

Convened annually at the prestigious British Parliament, House of Lords, Palace of Westminster, by Ambassador Canon Chinenem Otto, the Summit has, over the last four years, successfully fostered international dialogue and partnerships that have contributed to the advancement of global sustainability goals, the establishment of sustainability-focused ministries, departments and policy structures across national and subnational governments, and the attraction of major investors into sustainable development projects, corporations and emerging economies.
This year’s summit, themed “People, Planet, and Profit in the Age of AI and Innovation,” will explore how emerging technologies, responsible leadership, sustainable finance, innovation, and global partnerships can shape a more inclusive, resilient and environmentally conscious future.

The 5th Edition promises to be the most impactful yet, bringing together world leaders, policymakers, diplomats, investors, academics, innovators, climate experts and youth leaders from across the globe to discuss actionable solutions toward achieving a sustainable and equitable future.
Among the distinguished speakers, delegates and honorees already lined up for the Summit are:
• His Excellency Mallam AbdulRahman AbdulRazaq — Executive Governor of Kwara State, Nigeria and Chairman of the Nigeria Governors’ Forum
• His Excellency Senator Prince Bassey Otu — Executive Governor of Cross River State, Nigeria
• Ambassador Patricia Espinosa Cantellano — Former Executive Secretary of UN Climate Change (UNFCCC) and Former Foreign Minister of Mexico

• Lord Marvin Rees, Baron Rees of Easton OBE — Member of the House of Lords, United Kingdom
• Hon. Neema K. Lugangira — Secretary-General of Women Political Leaders (WPL), Brussels and Former Member of Parliament
• Her Excellency Dr. Netumbo Nandi-Ndaitwah — President of the Republic of Namibia
• His Excellency Nangolo Mbumba — Former President of Namibia
• Former President of Tanzania
• Her Excellency Ambassador Professor Olufolake AbdulRazaq — First Lady of Kwara State, Nigeria and Chairperson of Nigeria Governors’ Spouses Forum
• Your Excellency Dr. Dikko Umar Radda, PhD, CON — Executive Governor of Katsina State and Chairman of the Northwest Governors Forum, Nigeria
• Hon. Sam Shafiishuna Nujoma — Governor of Khomas Region, Namibia

• H.E. Mr. Veiccoh Nghiwete — High Commissioner of the Republic of Namibia to the United Kingdom
• Her Excellency Ms. Macenje “Che Che” Mazoka — High Commissioner of Zambia to the United Kingdom
• Ms. Danielle Newman — Partner Lead, ICT, World Economic Forum
• Leanne Elliott Young — Co-founder, Institute of Digital Fashion & CommuneEast
• Ms. Chloe Russell — Producer & Presenter, Art, Science and Nature
• Professor Marie-Claire Cordonier Segger — University of Cambridge & University of Waterloo
• Dr. Alexandra R. Harrington — IUCN World Commission on Environmental Law (WCEL)
• Professor Payam Akhavan — Massey College, University of Toronto
• Mr. Mallai C. E. Sathya — President, Dravida Vetri Kazhagam and International Movement for Tamil Culture Asia

The Summit will feature high-level panel discussions, strategic investment conversations, sustainability awards, policy dialogues, innovation showcases, youth engagement sessions and international networking opportunities focused on climate resilience, ethical financing, food-water-energy sustainability, circular economy, artificial intelligence, diplomacy and sustainable development.
Speaking ahead of the Summit, Convener Ambassador Canon Chinenem Otto noted:
“As the world rapidly evolves through artificial intelligence and technological innovation, we must ensure that sustainability remains people-centered, environmentally responsible and economically inclusive. The Global Sustainability Summit continues to serve as a bridge connecting governments, institutions, innovators and investors to accelerate practical sustainability solutions globally. Our fifth edition is not only a celebration of progress made over the years, but also a renewed call for global collaboration and actionable impact toward achieving the Sustainable Development Goals and Net Zero ambitions.”
The Global Sustainability Summit continues to position itself as a catalyst for transformative partnerships and sustainable global progress, reinforcing the urgent need for collective action toward a more resilient and sustainable future.
More announcements regarding additional speakers, partners and summit activities will be unveiled in the coming weeks.
News
US May Completely Cut Income Tax Due to Tariff Revenue

President Donald Trump says the United States might one day get rid of federal income tax because of money the government collects from tariffs on imported goods. Tariffs are extra taxes the U.S. puts on products that come from other countries.

What Trump Is Saying
Trump has said that tariff money could become so large that it might allow the government to cut income taxes “almost completely.” He has also talked about possibly phasing out income tax over the next few years if tariff money keeps going up.
How Taxes Work Now
Right now, the federal government gets much more money from income taxes than from tariffs. Income taxes bring in trillions of dollars each year, while tariffs bring in only a small part of that total. Because of this gap, experts say tariffs would need to grow by many times to replace income tax money.
Questions From Experts
Many economists and tax experts doubt that tariffs alone could pay for the whole federal budget. They warn that very high tariffs could make many imported goods more expensive for shoppers in the United States. This could hit lower- and middle‑income families hardest, because they spend a big share of their money on everyday items.
What Congress Must Do
The president can change some tariffs, but only Congress can change or end the federal income tax. That means any real plan to remove income tax would need new laws passed by both the House of Representatives and the Senate. So far, there is no detailed law or full budget plan on this idea.

What It Means Right Now
For now, Trump’s comments are a proposal, not a change in the law. People and businesses still have to pay federal income tax under the current rules. The debate over using tariffs instead of income taxes is likely to continue among lawmakers, experts, and voters.
News
Epstein Files to Be Declassified After Trump Order

Former President Donald Trump has signed an executive order directing federal agencies to declassify all government files related to Jeffrey Epstein, the disgraced financier whose death in 2019 continues to fuel controversy and speculation.
The order, signed Wednesday at Trump’s Mar-a-Lago estate, instructs the FBI, Department of Justice, and intelligence agencies to release documents detailing Epstein’s network, finances, and alleged connections to high-profile figures. Trump described the move as “a step toward transparency and public trust,” promising that no names would be shielded from scrutiny.
“This information belongs to the American people,” Trump said in a televised statement. “For too long, powerful interests have tried to bury the truth. That ends now.”
U.S. intelligence officials confirmed that preparations for the release are already underway. According to sources familiar with the process, the first batch of documents is expected to be made public within the next 30 days, with additional releases scheduled over several months.
Reactions poured in across the political spectrum. Supporters praised the decision as a bold act of accountability, while critics alleged it was politically motivated, timed to draw attention during a volatile election season. Civil rights advocates, meanwhile, emphasized caution, warning that some records could expose private victims or ongoing legal matters.
The Epstein case, which implicated figures in politics, business, and entertainment, remains one of the most talked-about scandals of the past decade. Epstein’s connections to influential individuals—including politicians, royals, and executives—have long sparked speculation about the extent of his operations and who may have been involved.

Former federal prosecutor Lauren Fields said the release could mark a turning point in public discourse surrounding government transparency. “Regardless of political stance, this declassification has the potential to reshape how Americans view power and accountability,” Fields noted.
Officials say redactions may still occur to protect sensitive intelligence or personal information, but the intent is a near-complete disclosure. For years, critics of the government’s handling of Epstein’s case have accused agencies of concealing evidence or shielding elites from exposure. Trump’s order promises to change that narrative.
As anticipation builds, journalists, legal analysts, and online commentators are preparing for what could be one of the most consequential information releases in recent history.
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