MILLFORD, Ct. - (02/24/06) Perimeter Networking, aprovider of online security services for credit unions and banks,announced Thursday it has acquired Breakwater SecuritiesAssociates, the Seattle-based provider on security systems, for $2million. The deal comes less than a month after PerimeterNetworking acquired Red Cliff Solutions, a West Jordan, Utah,provider of online security for credit unions, and is thecompanys seventh acquisition in the last two years. Foundedin 1996, Breakwater provides risk management solutions, includingmanaged security, consulting, compliance and regulatory guidance.The company has more than 500 clients and multiple nationaloffices..
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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