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Booz Allen Flat on Corsha Stake

  • Booz Allen Hamilton's corporate venture capital arm, Booz Allen Ventures, has invested in Corsha, a Machine Identity Provider focusing on securing communication across operational systems and infrastructure to bolster U.S. defenses against cyberattacks.
  • Corsha utilizes multi-factor authentication and advanced behavioral analytics to protect machine-to-machine communication and detect potential threats, aiding in safeguarding American operational technology in critical sectors.
  • Booz Allen's director of cyber-physical defense, David Forbes, highlights the importance of addressing identity verification challenges in a hyperconnected world and believes Corsha's technology can fortify systems, foreseeing significant growth in the cybersecurity market.
  • Booz Allen Hamilton's stock remained relatively unchanged at $107.22 following the announcement of the investment in Corsha.

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