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The iPhone SE promises an A9 processor with faster LTE and Wi-Fi speeds, better battery life, 4k and 240 fps slow-mo video recording, live photo support, and Apple Pay.
The starting price for the 38mm Apple Watch Sport is now $299, down $50 from the introductory price. Apple announced the launch of Carekit, a companion to ResearchKit that allows six partner medical organizations, including John Hopkins University and Stanford Medicine, to create apps to help patients monitor their symptoms and care with their doctor. Apple also gave an update on its goal to run all facilities on 100 percent renewable energy. Many firms create a 10-20-page written information security plan that formalizes the definitions and policies that govern the creation, access, and deletion of confidential information and computing services. Regulatory Risks – Following the right security practices will enable you to achieve clean audits from industry and government regulators. Personal Email – Even if your employee is following all of your processes and practices with work-related email, you could still be vulnerable if her private, personal email is breached or corrupted. By developing an internal culture of security, the organization does far more than deploy and configure bits and bytes.
Show investors that you have a 3+ year budget for working capital without any performance fees.
Make sure to properly allocate expense and investment opportunities if you decide to launch a single investor fund or separately managed accounts. When it comes to seed arrangements, pick the right partner and put parameters around potential issues that could arise.
Become familiar with the changing expectations on the cybersecurity front, from both investors and regulators. Investment firms often place too much emphasis on managing portfolios and not enough on managing the business as a whole. The decisions you make from the outset will define how your firm is regarded within the industry, by both investors and competitors. Since the 2008 economic collapse and scandals caused by the likes of Madoff, transparency has become a key requirement for investors.
By investing upfront in operational and technology systems that can support your business and propel operations, you provide your firm with marketing tools that will far surpass the capabilities of a presentation or pitch book. These critical considerations are ideal for new managers to address as they enter the startup phase. Operating capital may be limited in the first few years after your launch, so careful budgeting and long range planning will serve your firm well.
Governmental oversight of the financial industry has evolved dramatically in the last decade. Apart from registration, you should also determine if there are any legislative implications for your new firm.
Since 2014, cybersecurity preparedness is also a critical area of focus for regulatory bodies.
Cloud services offer more flexibility than traditional infrastructure models and, beyond cost-savings, can reap rewards for new launches. Of course, one of the greatest benefits to using an outsourced cloud service is professional management and monitoring.
Beyond infrastructure safeguards, it is critical that firms implement policies and procedures to protect firm and client assets. While the list of considerations is surely long for new hedge fund managers, we've whittled it down to 10 Keys to Launching a Hedge Fund Successfully - a guide for new startups to use when setting off on their new journey.
We at Eze Castle Integration have identified the top four reasons why backups are critical to not only a firm’s growth, but also their survival.
The Securities and Exchange Commission (SEC) has instituted regulations on the storage of financial records and electronic communication, and financial industry regulatory agencies such as FINRA now provide standards and guidance information on potential threats.
The reasoning behind these recommendations is the volume of things that can go wrong with your data storage solution.
Regulatory and compliance organizations recognize the necessity of data security and advocate for firms to have a comprehensive backup solution in place. As reported by Gartner in the 2015 Gartner MQ Report for Enterprise Backup Software and Integrated Appliances, by 2017, the number of enterprises using the cloud as a backup destination will double, growing from twelve percent (12%) today. Consider the impact to your business if you lost the data held in your CRM, financial, or reporting systems. Backups should be an integrated part of not only the IT department, but of the overall business strategy. Businesses invest large amounts of time, money and resources into their operations; however, most are lacking a plan to protect this hard work.
Because the security of data is imperative, it’s critical that firms choose the right provider to maintain tight control and visibility over business critical information. Marc Berger’s opening statements emphasized the extent of the cybersecurity threat currently facing firms across a wide swath of industries. Where there is reliance on third-party service providers, the AAM is NOT relieved of its cybersecurity risks but rather, has the obligation to assess and monitor the provider’s security policies and procedures and conduct adequate due diligence.
While the SEC has issued various Risk Alerts providing guidance on areas of focus, the guidance and rules are not prescriptive. Only 39% agree that their organization has ample resources to ensure all cybersecurity requirements are met. We spend a lot of time educating our clients about security best practices and encouraging them to implement comprehensive security policies and procedures to mitigate risk and protect both the firm and its employees. While companywide policies should reflect long-range expectations and corporate best practices, they should also include tactical recommendations that employees can follow to ensure they are complying with the company’s overall risk strategy. Provide information such as login IDs, passwords, social security numbers, account numbers, etc.
But what effect do these changes have for the person responsible for technology at a hedge fund or investment firm? Regulatory Requirements: With the Dodd-Frank Act and other new regulations in effect, investment management firms have a whole new host of requirements to meet. Compliance: In addition to complying with the regulatory requirements above, there are also new internal compliance procedures hedge fund CTOs have to grapple with. Communication Skills: Despite the fact that they are forced to work with inanimate objects all day, technologists must also maintain good communication skills to support their technical operations. While dealing with increased focus and responsibilities relative to regulations, compliance, and due diligence have added to the plates of hedge fund CTOs, another phenomenon has also contributed to this change in role.
While some firms have opted to reduce or eliminate their IT staffs and outsource all technology, others have opted to maintain internal technology resources while also utilizing the cloud. Regardless of the approach, the prevalence of cloud computing in the hedge fund industry is driving technologists to evolve their technical and non-technical skills. Voice over IP has come a long way especially in the business world, but many financial services firms still have hesitations about making the switch. Call quality is a key concern and can be impacted by a number of items including the network, available bandwidth and even the type of phones being used. When evaluating VoIP for financial firms, it is important to inquire about the underlying network and how voice traffic is prioritized and routed. According to the FCC, if you are moving from one geographic area to another, however, you may not be able to take your number with you. The report found that in 55 percent of all cyber attacks in 2014 were carried out by either malicious insiders or inadvertent actors and that unauthorized access triggered nearly twice as many incidents in 2014 compared with 2013. Another example cited was that malicious code and sustained probes together accounted for 40 percent of all the incidents observed.
These examples demonstrate that the risks facing large organizations and smaller firms (read: hedge funds) are just as real. Feedback on eSentire’s offering and approach is always received positively and the spark for this tech spotlight article.
Eze Castle Integration and eSentire are working together to give hedge funds using the Eze Private Cloud or on-premise IT complete protection from security risks that could jeopardize operations and threaten proprietary information.
In a SaaS model, firms are offered a complete range of applications via the Internet, all of which are managed by the hedge fund cloud provider. Infrastructure as a Service provides data centre, infrastructure hardware and software resources over the Internet. The Internet, of course, is an essential vehicle for collecting and distributing market data, as well as communicating with your clients, investors and partners via email.
Whichever Internet access method you select, seek out a plan that bundles proactive monitoring and security features to ensure the highest possible availability. Estimated delivery dates - opens in a new window or tab include seller's handling time, origin ZIP Code, destination ZIP Code and time of acceptance and will depend on shipping service selected and receipt of cleared payment - opens in a new window or tab. International Shipping - items may be subject to customs processing depending on the item's declared value.
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Fittingly, CEO Tim Cook also discussed security at length – not shying away from concerns resulting from the current fight with the FBI.
The 16GB model, as well as a 64 GB model for $499 go up for pre-order on March 24, 2016, with the first units shipping March 31, 2016. In addition, the screen of the new iPad pro will be 40% less reflective than that of the iPad Air 2, but will be 25% brighter. The most important development is the introduction of voice dictation support – meaning you can ask Siri to search for a specific movie as well as enter your username and password. Users can record, track, and compare their symptoms with their doctors, and in turn the physicians can create a list of care instructions that are adjusted based on the CareKit information. Currently, 93 percent of its facilities run on renewable power, and 100 percent of US facilities are environmentally friendly. That can be everything from a definition of personally identifiable information (PII), a description of user access privileges and roles, or policies regarding USB thumb-drives.
It commits to defining and following thoughtful, far-ranging policies to eliminate the needless internal vulnerabilities that often go unrecognized. Not only must emerging managers evaluate traditional deployment strategies, but consider current factors influencing the financial landscape. There was quite a bit of content discussed during the 1-hour event, so we’ve pulled out some key takeaways. Target those who have a history of being receptive to founder share class and who may offer lower management and performance fees.


Recognize where the private cloud has an edge: high-touch, industry-specific service and support, scalability and application integration, and security and compliance.
Value is derived from knowledge of the application, knowledge of business, and having a dedicated support team. By taking into account all aspects of your firm and relying on trusted service providers to support operations, you prove to the greater investment industry that you should be taken seriously and can operate successfully in a challenging environment. Nothing less than full disclosure is expected of firms from the newest launches to the most established investment firms. And while that goal is certainly reachable, the process does not stop on your go-live date. These decisions can put your new firm on equal footing with established firms and demonstrate to investors that you are built to succeed. Our advice centers on everything from marketing and operations to IT budgeting and service provider selection. Don't forget to visit Hedge IT on Thursday as we reveal the last of our key considerations for starting a hedge fund. Hedge funds, private equity firms and registered investment advisers now operate in a world where they are beholden to regulatory bodies with growing expectations and requirements. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which redefined the registration requirements for hedge funds, also set forth new reporting requirements and standards for safeguards. With the prevalence of cyber threats and attacks, the SEC’s Office of Compliance and Examinations (OCIE) has incorporated cybersecurity into its examination targets.
Firms can add users nearly instantly – a welcome benefit for startups looking to ramp up quickly. You can do this by conducting employee awareness training to keep all users informed and educated about the cyber environment and the threats that may arise. And be sure to come back to Hedge IT later this week when we'll be sharing an excerpt from our brand new whitepaper on the same topic! Regulatory agencies and investors now expect businesses to have backup solutions and comprehensive record-keeping practices. In addition, international regulators such as the FCA, a financial regulatory body in the United Kingdom, are also demanding firms to have a data backup solution. From hardware failure, software corruption, virus or network security breaches, to natural disasters and human error, the threat to your data is endless. Businesses that demonstrate that their data is secure and backed up have a competitive edge when security questions inevitably come their way. And by 2017, seventy-five percent (75%) of organizations will have replaced their remote-office tape backup with a disk-based backup solution that incorporates replication, up from forty-five percent (45%) today. A SMB Disaster Preparedness Survey by Symantec found that downtime costs small businesses an average of approximately $12,500 per day and medium businesses $23,000 per day.
Eze Castle partners with KeepItSafe, a leading provider for managed online backup and recovery, to deliver our Eze Vault services. As a result, firms are challenged to understand what level of cybersecurity readiness will be deemed sufficient to meet regulatory obligations given their AUM. According to the Ponemon Institute’s 2015 Global Megatrends in Cybersecurity, sponsored by Raytheon, 25% of respondents in a study say C-level executives currently view cybersecurity as a competitive advantage, versus 59% who say it will be a competitive advantage three years from now.
In an industry historically known for protecting its information, recent regulatory developments may foster a change in how firms think about sharing information. In addition to providing employees with security best practices they should follow, don’t forget to also include a list of actions they should not.
There is little doubt that the hedge fund industry has evolved in recent years with the rise of new regulations, the wide spread adoption of cloud services and deep focus on cybersecurity risks. In addition to needing knowledge on a variety of technical skills such as networking, storage, virtualization, telecommunications and resource management, a CTO must also possess a variety of business and non-technical skills to support the organization. CTOs have to run daily or intraday reports to satisfy new legal requirements, store and archive emails and other messages, and work with regulators on a regular basis to ensure their firms are complying with all necessary directives. Particularly in the post-Madoff era, firms are implementing policies to combat insider trading and other securities risks.
The increased focus on transparency and due diligence has led to many CTOs interacting directly with investors on a daily basis, educating them on how technology is supporting and protecting their assets. The popularity of cloud computing (and outsourcing in general) has prompted many hedge funds and investment firms to reevaluate their technical strategies and reallocate their technical resources. It can be done effectively and efficiently, and many larger firms, in particular, find it beneficial to use the cloud and also have internal staff dedicated to other technical projects. While many of the traditional roles of the hedge fund CTO are changing, others remain the same. But when things turn bad, it could be downright scary," so here is our latest video that covers four signs you may be outgrowing your IT service provider. In honor of this global availability, we want to debunk some common myths associated with VoIP for financial services forms. However, a well-designed business-caliber VoIP system can deliver quality of service comparable to an in-house phone system. You want a provider that has full control over network traffic and can ensure high quality of service. While consumer-grade VoIP services work over the Internet to deliver low cost services, Business-grade VoIP services often use the Internet as a backup and have private IP point-to-point lines for primary connections.
It is important to ask providers about the availability of financial industry specific features such as bridged appearances and IP ringdowns. Therefore, be sure to ask your VoIP provider about how they handle number portability when moving outside a geographic region. Contact Eze Castle Integration to learn more about our Eze Voice Service that was built specifically for hedge funds, financial services firms and alternative investment firms.
A 2015 Cyber Security Intelligence Index study by IBM found that over 62 percent of cyber incidents targeted three industries -- Finance, Insurance, and Information and Communications -- highlighting the serious risk cyber intrusions present to financial firms. To that end, we regularly team with eSentire to speak with hedge fund CTOs about the security landscape and their managed security technology. We've talked through Why Cloud Computing is Right for your Hedge Fund and Understanding Public, Private, and Hybrid Clouds. This means firms can forego upfront investments in servers and software licenses and pay a predictable per-user, per-month fee. The PaaS model enables hedge funds to create Web applications quickly without incurring the cost and complexity of buying and managing the underlying software and hardware.
Through IaaS, applications are delivered as a virtualisation platform by the cloud provider and can be accessed across the Internet.
They are all delivered over the Web, and services can be accessed in the cloud on demand, usually via subscription payment.
High-speed Internet and voice connectivity are necessary to access market data feeds, communicate with investors and facilitate trade orders and other investment decisions.
You’ll likely find four Internet access choices, depending on availability in your area. You could also consider using multiple providers and a router in order to establish a safety net in the event one of your sources fails. Your PBX will be installed in your data center and provides several options for routing calls and storing voicemails, as well as services such as caller ID, auto-attendant and integration with ring-down lines to various brokers.
Packaging should be the same as what is found in a retail store, unless the item is handmade or was packaged by the manufacturer in non-retail packaging, such as an unprinted box or plastic bag. Import charges previously quoted are subject to change if you increase you maximum bid amount. Other new features include Folders, allowing users to organize apps in the home screen, access to the iCloud Photo Library, and Live Photos.
The bank believes hackers executed a hack that allowed $81 million to be taken from the bank’s foreign exchange account at the Federal Reserve Bank of New York.
And the way that starts to happen is through systemic and comprehensive training practices.
Prepare an institutional set of documents up front if you are looking to attract institutional money versus high net money. They include risk assessment, governance, training, access control, vendor management, and information sharing. That means you have to demonstrate to investors that you take your business seriously and that you’ve made investments in your operations, technology, etc.
As such, fund managers should take this to heart and make strong efforts to comply with increasing investor expectations.
From your legal paperwork to security practices and technology safeguards, the importance of documentation cannot be understated in today’s environment. For example, system safeguards such as data protection, disaster recovery measures and email archiving are requirements under Dodd-Frank.
Having released two extensive questionnaires and several risk alerts focused on security, the SEC has made it clear to investment firms that they will be investigating the practices employed at firms and increasing expectations for the future.
Startups have a variety of options when it comes to settling on their technology infrastructure.
Users can gain access to email, file services and applications from virtually anywhere, and built-in disaster recovery provides confidence that everything is protected from the inside out. Users should understand how security threats may present themselves (phishing schemes, social engineering, etc.) as well as how they can become cybersecurity assets to your firm.
Successfully operating a new startup beyond the first year is a feat many managers struggle to accomplish, therefore it's critical for emerging managers to gain a full understanding of the industry that awaits them and the hurdles they should expect to face. Understanding the need and importance of implementing a backup solution can add instrumental value to your business. With today’s financial services companies managing exponentially growing volumes of sensitive data, the risk of loss grows as well. If something were to happen to the data center where your production system lives, you can resume operations in DR. Having a third-party backup solution provides geographic diversity of data assets, which is key for a complete business strategy. Recently, KeepItSafe highlighted the success of a backup and recovery case when a company’s servers crashed, and with it, so too did their records of billing history, accounts receivable and accounts payable. Highlighting the importance of information sharing, on December 19, 2015, after years of failing to enact cyber threat information-sharing legislation, Congress passed the controversial Cybersecurity Information-Sharing Act of 2015.
Take a look below and discover a vast range of security tips and tricks from email encryption to proper security measures for protecting computers and mobile devices.
But as the industry has experienced rapid change over the last several years, so too have the CTOs and their responsibilities.
Mobile security and BYOD issues are another area for technology directors to focus their attention. Working more frequently with investors and regulators means CTOs need to work on their interpersonal communication and ensure they are properly representing their organizations.
Many firms still maintain that they need an internal resource for troubleshooting and other projects. In business settings, where calls are made over private IP connections, Quality of Service (QoS) can be monitored and guaranteed because the entire IP connection is controlled by the party making the call.


For added confidence, ask to speak with existing VoIP customers (over the phone!) to hear about their experiences first-hand. If Internet is the primary transit, be sure you are working with a VoIP provider who manages the entire network and has control over traffic prioritization.
Additionally, Eze Castle Integration utilizes eSentire intrusion detection technology within our Eze Private Cloud and to power our Eze Active Threat Protection services.
The firm has full control of the virtualised platform and is not responsible for managing the underlying infrastructure. Hedge funds can easily upgrade or downgrade plans in real time to accommodate business needs for cloud business solutions.
To help you make an informed decision about your voice and Internet needs, we’ve provided a few suggestions below. As you consider your options, it will be useful to know the approximate number of users and required functionality of the system.
If you reside in an EU member state besides UK, import VAT on this purchase is not recoverable. It appears that the initial point of entry for the hackers was a spear-phishing email, potentially sent weeks before the fraud took place, which allowed the criminals time to remotely monitor and probe the bank’s networks without detection. Tools such as risk management or document management systems can give extra peace of mind to demanding investors with high expectations. Regardless of the assets your firm is launching with, you will be expected to have sophisticated and comprehensive policies and procedures in place from day one to combat cyber threats. With the birth of cloud technology, firms can save on upfront capital expenditures and host their infrastructure in the cloud – providing flexibility within those startup budgets. A reputable cloud services provider not only provides world-class infrastructure and resiliency; it also assumes responsibility for the management and daily maintenance of your cloud environment. Investors also have high expectations, and before they will even consider allocating money to your firm, they want to understand what protections you’ve put in place to protect their assets. However, if something is deleted in the production environment, that action is typically mirrored, thus deleted in DR as well. DR allows the rapid recovery of IT operations while cloud backups provide another layer of protection by leveraging a third-party vendor to secure your data in an alternative location. As of June 30, 2015, per ITRC data, in 2015 the banking industry experienced an increase of 85% versus 2014 data for the same period. However, regulators may also be looking at whether enforcement action is warranted if the AAM failed to implement appropriate security measures that would have prevented the attack from occurring.
In most cases you want to ensure voice traffic takes precedent over data or travels on a different network. PaaS is great for firms creating or managing their own applications or looking for testing and development environments. With competition for investor allocations at an all-time high, you’ll have to work to determine what sets your firm apart from the others. Be sure to enable your firm’s processes to comply with SEC recommendations including risk assessments, infrastructure practices, policy documentation, etc.
With hackers savvier than ever and financial firms as known targets, it’s critical that firms establish a comprehensive approach to security to not only meet investor and regulatory demands but also to protect firm assets and mitigate business risk. Backups, on the other hand, create an offline copy of your data which is not accessible except to restore, sometimes utilizing a third-party vendor to store that data in an alternate location. The importance of protecting this data is interconnected to the importance of the overall operations of the business.
Firms can no longer act in silos, but must share information with industry peers (including competitors) to protect the entire sector. If you don’t learn how to differentiate yourself, your chances of getting lost in the crowd are much higher. If not forthcoming, you may open up your firm to serious regulatory and criminal prosecution. Your cloud services provider should act as your trusted technology adviser and, as such, give you the flexibility and time you need to focus on your investment priorities without worrying about security updates and patch controls. If access to a file was lost in both production and DR, backups grant the ability to recover the data and continue business as usual. This is an example of a successful case; however, many businesses lacking a backup solution are not so lucky.
Cyber-attacks carried out on the financial community have almost doubled in 2015, and industry experts believe these numbers will continue to increase unless adequate precautions and prevention measures are taken. AAMs can expect to see investors placing greater emphasis on cybersecurity as a part of its due diligence and regulators focusing on cybersecurity in their routine regulatory exams. The role of the hedge fund CTO has certainly changed in recent years, and like the technology these professionals support, it’s safe to say their job functions may be markedly different in the years to come. THESE VERY SAME ENFORCEMENT AGENCIES, WHO HAVE SWORN TO PROTECT AND SERVE, OUR COUNTRY, AND CITIZENS ,ARE BUT SOME, OF THE CORRUPT,GREEDY TRAITORS .ENGAGED IN THE TYRANNY AND TORTURE. The school district has moved to a biometric identification program, saying students will no longer have to use an ID card to buy lunch.A  BIOMETRICS TO TRACK YOUR KIDS!!!!!i»?i»?A TARGETED INDIVIDUALS, THE GREEDY CRIMINALS ARE NOW CONDONING THEIR TECH! Paul Weindling, history of medicine professor at Oxford Brookes University, describes his search for the lost victims of Nazi experiments.
The chairman of the board at ESL a€” then proprietor of the desert wasteland in Nevada known as a€?Area 51a€? a€” was William Perry, who would be appointed secretary of defense several years later.
EUCACH.ORG PanelIn a 2-hour wide-ranging Panel with Alfred Lambremont Webre on the Transhumanist Agenda, Magnus Olsson, Dr. Henning Witte, and Melanie Vritschan, three experts from the European Coalition Against Covert Harassment, revealed recent technological advances in human robotization and nano implant technologies, and an acceleration of what Melanie Vritschan characterized as a a€?global enslavement programa€?.Shift from electromagnetic to scalar wavesThese technologies have now shifted from electromagnetic wave to scalar waves and use super quantum computers in the quantum cloud to control a€?pipesa€? a reference to the brains of humans that have been taken over via DNA, via implants that can be breathed can breach the blood-brain barrier and then controlled via scalar waved on a super-grid. Eventually, such 'subvocal speech' systems could be used in spacesuits, in noisy places like airport towers to capture air-traffic controller commands, or even in traditional voice-recognition programs to increase accuracy, according to NASA scientists."What is analyzed is silent, or sub auditory, speech, such as when a person silently reads or talks to himself," said Chuck Jorgensen, a scientist whose team is developing silent, subvocal speech recognition at NASA Ames Research Center in California's Silicon Valley. We numbered the columns and rows, and we could identify each letter with a pair of single-digit numbers," Jorgensen said. People in noisy conditions could use the system when privacy is needed, such as during telephone conversations on buses or trains, according to scientists."An expanded muscle-control system could help injured astronauts control machines. If an astronaut is suffering from muscle weakness due to a long stint in microgravity, the astronaut could send signals to software that would assist with landings on Mars or the Earth, for example," Jorgensen explained.
These are processed to remove noise, and then we process them to see useful parts of the signals to show one word from another," Jorgensen said.After the signals are amplified, computer software 'reads' the signals to recognize each word and sound. Our Research and Development Division has been in contact with the Federal Bureau of Prisons, the California Department of Corrections, the Texas Department of Public Safety, and the Massachusetts Department of Correction to run limited trials of the 2020 neural chip implant.
We have established representatives of our interests in both management and institutional level positions within these departments. Federal regulations do not yet permit testing of implants on prisoners, but we have entered nto contractual agreements with privatized health care professionals and specified correctional personnel to do limited testing of our products. We need, however, to expand our testing to research how effective the 2020 neural chip implant performs in those identified as the most aggressive in our society. In California, several prisoners were identified as members of the security threat group, EME, or Mexican Mafia. They were brought to the health services unit at Pelican Bay and tranquilized with advanced sedatives developed by our Cambridge,Massachussetts laboratories.
The results of implants on 8 prisoners yielded the following results: a€?Implants served as surveillance monitoring device for threat group activity.
However, during that period substantial data was gathered by our research and development team which suggests that the implants exceed expected results.
One of the major concerns of Security and the R & D team was that the test subject would discover the chemial imbalance during the initial adjustment period and the test would have to be scurbbed. However, due to advanced technological developments in the sedatives administered, the 48 hour adjustment period can be attributed t prescription medication given to the test subjects after the implant procedure.
One of the concerns raised by R & D was the cause of the bleeding and how to eliminate that problem. Unexplained bleeding might cause the subject to inquire further about his "routine" visit to the infirmary or health care facility.
Security officials now know several strategies employed by the EME that facilitate the transmission of illegal drugs and weapons into their correctional facilities. One intelligence officier remarked that while they cannot use the informaiton that have in a court of law that they now know who to watch and what outside "connections" they have. The prison at Soledad is now considering transferring three subjects to Vacaville wher we have ongoing implant reserach.
Our technicians have promised that they can do three 2020 neural chip implants in less than an hour.
Soledad officials hope to collect information from the trio to bring a 14 month investigation into drug trafficking by correctional officers to a close.
Essentially, the implants make the unsuspecting prisoner a walking-talking recorder of every event he comes into contact with. There are only five intelligence officers and the Commisoner of Corrections who actually know the full scope of the implant testing.
In Massachusetts, the Department of Corrections has already entered into high level discussion about releasing certain offenders to the community with the 2020 neural chip implants. Our people are not altogether against the idea, however, attorneys for Intelli-Connection have advised against implant technology outside strick control settings. While we have a strong lobby in the Congress and various state legislatures favoring our product, we must proceed with the utmost caution on uncontrolled use of the 2020 neural chip. If the chip were discovered in use not authorized by law and the procedure traced to us we could not endure for long the resulting publicity and liability payments. Massachusetts officials have developed an intelligence branch from their Fugitive Task Force Squad that would do limited test runs under tight controls with the pre-release subjects. Correctons officials have dubbed these poetnetial test subjects "the insurance group." (the name derives from the concept that the 2020 implant insures compliance with the law and allows officials to detect misconduct or violations without question) A retired police detective from Charlestown, Massachusetts, now with the intelligence unit has asked us to consider using the 2020 neural chip on hard core felons suspected of bank and armored car robbery. He stated, "Charlestown would never be the same, we'd finally know what was happening before they knew what was happening." We will continue to explore community uses of the 2020 chip, but our company rep will be attached to all law enforcement operations with an extraction crrew that can be on-site in 2 hours from anywhere at anytime. We have an Intelli-Connection discussion group who is meeting with the Director of Security at Florence, Colorado's federal super maximum security unit. The initial discussions with the Director have been promising and we hope to have an R & D unit at this important facilitly within the next six months. Napolitano insisted that the department was not planning on engaging in any form of ideological profiling.
I will tell him face-to-face that we honor veterans at DHS and employ thousands across the department, up to and including the Deputy Secretary," Ms. Steve Buyer of Indiana, the ranking Republican on the House Committee on Veterans' Affairs, called it "inconceivable" that the Obama administration would categorize veterans as a potential threat.



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