KUALA LUMPUR, Nov 29 (Bernama) -- A staggering 97 per cent of United States (US)-based chief information officers (CIOs) surveyed expressed serious concerns about at least one cybersecurity threat to their organisation.
This is according to a new comprehensive research released by Opengear, a Digi International company and provider of secure and Smart Out of Band management solutions.
“The skills shortage and insufficient investment in networks are two factors that have combined to encourage cybercriminals to breach businesses. Smart Out of Band solutions enable organisations to manage their networks at all times from local and remote sites, even during an outage.
“Network engineers can make smarter, real-time decisions to achieve consistent network resilience and unparalleled visibility, with security and encryption features ensuring that management policies remain continually enforced,” said Opengear President, Gary Marks in a statement.
The primary cybersecurity concerns highlighted in the research included malware (42 per cent), spam and phishing (34 per cent), social engineering (31 per cent), and insider threats (30 per cent). Remarkably, malware also emerged as a significant threat for 42 per cent of the surveyed network engineers.
While only 23 per cent of US CIOs reported distributed denial-of-service (DDoS) attacks as a threat, 38 per cent of network engineers reported a higher level of concern for this specific type of attack, most likely due to their close proximity to the network.
To add to these concerns, US engineers said that insufficient investments are enhancing the risk of cyberattacks and/or downtime (59 per cent).
Continued technology investment is essential to enable engineers to safeguard networks during cyberattacks and the latest research further highlights a concerning trend, indicating that 27 per cent of US network engineers are actively contemplating leaving their current roles due to inadequate funding, an alarming contrast to the global average of 21 per cent.
The survey encompassed responses from 502 CIOs and 510 network engineers in the US, the United Kingdom, France, Germany, and Australia.
-- BERNAMA
Wednesday, November 29, 2023
97 PCT CIOS DISTRESSED BY CYBERSECURITY THREAT - OPENGEAR SURVEY
Monday, November 20, 2023
SFF 2023: PINGPONG SHARES TACTICS FOR NAVIGATING GLOBAL COMPLEXITY
KUALA LUMPUR, Nov 20 (Bernama) -- PingPong, a global payment platform, announced several significant milestones and achievements in advancing the cross-border payments industry during the Singapore Fintech Festival (SFF) 2023, from Nov 6 to 8.
The event featured an insightful keynote address by the company’s Chief Executive Officer of Global Businesses, David Messenger, sharing strategies for enterprises navigating the dynamic global macroeconomic and business landscapes as well as a strategic partnership announcement with MODIFI, a fintech leader in digital trade finance.
In a statement, PingPong said Messenger shared strategies to protect, manage, and grow cross-border enterprises amid uncertainties.
Addressing volatility, regulatory changes, and evolving supply chains, he stressed the importance of technology combined with local teams, and strong local connections with valued partners.
Messenger also emphasised the need for quick adaptation to changing foreign exchange market (FX) and legal landscapes.
Concurrently, PingPong highlighted its capability to partner with enterprises worldwide, seeking world-class partners in Singapore and Southeast Asia for mutual growth.
PingPong recently secured approval as a Major Payment Institution in Singapore by the Monetary Authority of Singapore, allowing the company to offer a comprehensive range of payment services, facilitating faster global expansion for local businesses.
Messenger added: “These announcements underscore our commitment to empowering businesses globally. From protecting against uncertainties to driving digital trade, PingPong is at the forefront of reshaping cross-border transactions and financing.”
He also highlighted the human and people aspects, emphasising the need for fintechs to marry the power of technology with being local, people-driven companies.
The company supports customers in adapting to the new geopolitical and economic conditions, demonstrating the ability to adapt and change to take advantage of market opportunities.
-- BERNAMA
Thursday, November 16, 2023
PHC CORPORATION ANNOUNCES THAT INDONESIA-BASED LIFE SCIENCE EQUIPMENT SUBSIDIARY ESTABLISHED IN MARCH BY PHC GROUP WILL BEGIN FULL-SCALE OPERATIONS
- PT PHC Sales Indonesia will support expansion of PHCbi life science equipment business in Southeast Asia -
The life science equipment market for the Asia Pacific region is poised for solid growth, reflecting an increase in R&D investment for biopharmaceuticals and growth in new medical institutions. Particularly in Indonesia, where the national health insurance system supports the world’s fourth-largest population of approx. 279 Million*¹, high market growth is forecast for the future due to a rise in lifestyle-related diseases such as diabetes and cancer as well as consumer demand for improved medical services.
The Biomedical Division, through fellow PHCHD subsidiary SciMed in Singapore, is already conducting sales and service for life science equipment in Southeast Asia, India and Oceania. PT PHC Indonesia (hereafter PHCI), a manufacturing subsidiary of PHCHD, also operates in the region as a secondary manufacturing base after Japan to respond to global demand for high-quality products such as biomedical freezers, pharmaceutical refrigerators, and CO2 incubators.
Now the establishment of PHCSI will allow the Biomedical Division to create a sales and service platform in Indonesia, reaching potential new customers and expanding its distributor network while strengthening customer service. By closely monitoring this market, the Biomedical Division will be better positioned to fulfill customer needs, develop new business opportunities in Indonesia, and accelerate business growth by utilizing its high manufacturing capabilities to deliver high-quality products.
METHANE REMAINS IMPALPABLE CHALLENGE FOR OIL & GAS INDUSTRY - WOOD MACKENZIE
KUALA LUMPUR, Nov 16 (Bernama) -- Methane remains a significant challenge for the oil and gas industry, according to a new Horizons report from Wood Mackenzie, the global insight business for renewables, energy and natural resources.
The 28th United Nations Climate Change Conference (COP28) could prove a landmark moment for methane reduction commitments, and companies and governments will need to take strong steps to reduce emissions and enforce new standards.
Titled Mission invisible: tackling the oil and gas industry’s methane challenge, the report highlighted methane is responsible for almost a third of the emissions-induced increase in global temperatures and is estimated to account for up to a quarter of human-caused (anthropogenic) methane emissions.
Meanwhile, according to Wood Mackenzie’s Emissions Benchmarking Tool, typical methane losses per field are small and less than 500 kilogrammes per hour, which is below the measurable resolution of most current satellites, but around 96 per cent of all fields have emissions on this scale, making it a large, cumulative problem.
More significant emissions from larger fields are often spread across multiple production facilities, making them harder to quantify, according to a statement.
Government action will be vital to reduction efforts, with three high-level actions that can stimulate progress such as greater ambition; consistent enforcement; and financial support for technology, the report said.
With over 2,000 experts operate across 30 global locations, Wood Mackenzie covers the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources.
-- BERNAMA
Thursday, November 9, 2023
TOSHIBA LAUNCHES 30V N-CHANNEL COMMON-DRAIN MOSFET SUITABLE FOR DEVICES WITH USB AND FOR PROTECTING BATTERY PACKS
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| Toshiba: SSM10N961L, a 30V N-channel common-drain MOSFET in a new, small, thin package. (Graphic: Business Wire) |
Until now, Toshiba’s line-up of N-channel common-drain MOSFETs has focused on 12V products, mainly for use in protecting the lithium-ion battery packs of smartphones. The release of a 30V product realizes a wider selection of applications requiring voltages higher than 12V, such as load switching for the power lines of USB charging devices, and the protection of lithium-ion battery packs in laptop PCs and tablets.
Realizing a bi-directional switch with a low drain-source on-resistance (RDS(ON)) has required two MOSFETs, either 3.3×3.3mm or 2×2 mm, with low RDS(ON). Toshiba’s new product uses a new, small, thin package TCSPAG-341501 (3.37mm×1.47mm (typ.), t=0.11mm (typ.)), and features low source-source on-resistance (RSS(ON)) of 9.9mΩ (typ.) in a single package common-drain configuration.
TRILLIANT TO FOCUS ON THE ENERGY TRANSITION, GRID MODERNIZATION AND AMI AT ENLIT ASIA
JAKARTA, Indonesia, Nov 9 (Bernama-BUSINESS WIRE) -- Trilliant, a leading international provider of solutions for advanced metering infrastructure (AMI), smart grid, smart cities and IIoT, will participate as Diamond Sponsor at Enlit Asia for the fifth consecutive year. The conference will take place November 14-16, 2023 at the Indonesia Convention Exhibition (ICE) in Jakarta.
Enlit Asia is an annual conference and exhibition for the power and energy sector, showcasing expert knowledge, innovative solutions and foresight from industry leaders, aligned with ASEAN's strategy to achieve a smooth transition towards a low-carbon energy future.
Trilliant executives and subject matter experts will participate in plenary and panel discussions throughout the event:
- Trilliant’s Chairman and CEO Andrew C. White will take part in the CEO Dialogue to kick off Enlit Asia 2023/Indonesian Electricity Day Opening Ceremony on November 14 at 9 a.m.
- White will also make opening remarks at a panel titled Balancing Energy Transition and Security for a Sustainable Future. Eugene Loke, managing director, APAC at Trilliant will participate in the panel, which will focus on how the energy transition toward a sustainable future requires a careful balance between energy security and affordability. The discussion will address areas including connecting fundamental capabilities; evolving energy systems; policies and initiatives; and lessons learned. This will take place on November 14 at 1:40 p.m.
- Trilliant will present at a Knowledge Hub session titled Grid Modernization: Priorities & Strategies for Utilities - AMI Case Study on November 14 at 12:20 p.m.
- Vincent Thankachan, Customer Solutions Director at Trilliant, will join Electricity Generating Authority of Thailand (EGAT) and other industry members on a panel titled Unlocking The Full Potential Of AMI. They will discuss best practices and considerations for deploying AMI successfully, reliably and affordably in Southeast Asia, particularly in an archipelago region; the importance of standardization, interoperability and device compatibility for success and efficient smart meter roll outs; and how to leverage smart meters’ capabilities to drive and support grid modernization and digitalization initiatives. This session will take place on November 15 at 3:20 p.m.
Trilliant will be on the show floor at Booth 401 where attendees can experience innovative solution demos and speak with subject matter experts on how to choose flexible, modular solutions without having to be locked in with a single vendor; strengthen AMI and data analytics strategies; invest in the future of smart metering, buildings and IIoT; and achieve energy transition and sustainability goals.
To book a one-on-one demo and meeting with Trilliant at Enlit Asia, or for more information, contact info@trilliant.com.
For more information about Enlit Asia, visit: https://www.enlit-asia.com/live-event/
About Trilliant
Trilliant® empowers the global energy industry with the only device-agnostic communications platform that enables utilities and cities to deploy any application securely and reliably on one powerful network. Our purpose-built portfolio is designed to offer the power of choice, without risk of customers being “locked in” with one technology provider. We are proud to offer mission-critical solutions that support AMI, Data & Analytics, Smart Grids and Smart Cities. Customers worldwide benefit from Trilliant’s unique combination of flexibility, sustainability and scalability that connects utilities and cities to the IIOT and a more strategic path to the Energy Transition. Visit us at www.trilliant.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231108974980/en/
Contact
Tracey Mitchell
tracey.mitchell@trilliant.com
Cindy Watson/Anita Wong
StrategicAmpersand Inc.
TrilliantPR@stratamp.com
Source : Trilliant
Wednesday, November 8, 2023
PHARMA LEADER DR. HOLGER ZIMMERMANN JOINS LYSANDO'S ADVISORY BOARD IN PIONEERING FIGHT AGAINST ANTIBIOTIC-RESISTANT BACTERIA
Dr. Holger Zimmermann – Advisory Board Member Lysando AG
TRIESENBERG, Liechtenstein, Nov 8 (Bernama-BUSINESS WIRE) -- Lysando, a leading innovator in the fight against antibiotic-resistant bacteria, proudly announces the appointment of Dr. Holger Zimmermann to its Advisory Board. Dr. Zimmermann's distinguished career in the pharmaceutical sector and healthcare industry brings a wealth of experience, positioning him as a key asset in Lysando's mission to eliminate the fear of harmful bacteria worldwide.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231107814787/en/
Count Markus Matuschka de Greiffenclau, Chairman of the Board of Directors of Lysando, expresses his enthusiasm, stating, “We are delighted to welcome Dr. Holger Zimmermann to our Advisory Board. His profound experience in the pharmaceutical and healthcare sectors, coupled with a successful track record in product development, makes him a valuable addition to our team. Dr. Zimmermann's unique insights will play a pivotal role in guiding us toward our ultimate goal of bringing life-enhancing solutions to market.”
As a distinguished member of the Advisory Board, Dr. Zimmermann will contribute invaluable knowledge and strategic guidance, particularly in navigating the challenges of the pharmaceutical industry. Expressing his excitement to join Lysando, Dr. Holger Zimmermann states, “Lysando's Artilysin® technology represents a powerful tool to combat antibiotic-resistant germs. Considering the accelerating spread of Antimicrobial Resistance, I am excited to be able to support Lysando's mission to develop innovative products against disease-causing bacteria.”
Lysando has been a driving force in innovation against antibiotic-resistant bacteria, pioneering the revolutionary Artilysin® technology, that safeguards individuals from dangerous infections. The company's dedication to curbing the dissemination of Antimicrobial Resistance aligns seamlessly with Dr. Zimmermann's expertise and vision.
With numerous ongoing projects and a commitment to turning innovative ideas into high-performing products, Lysando continues to make significant strides in its mission to bring hope and health to people in need.
About Lysando AG
Lysando AG is the market leader for antimicrobial proteins, so‐called Artilysin® molecules. They can effectively eliminate problem‐causing bacteria without associated high risk of resistance formation and microbial disbalances. Artilysin® constitutes an innovative, proprietary, and environmentally friendly technology with a wide range of applications.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231107814787/en/
Contact
Isabella Kattler
+41(0)7932 14884
Isabella.Kattler@lysando.com
Source : Lysando
Tuesday, November 7, 2023
MARKET SIMPLIFIED’S LOW-CODE APPLICATION PLATFORM BESPOKE TO APAC FINANCIAL SERVICES
KUALA LUMPUR, Nov 7 (Bernama) -- Market Simplified, a leader in advanced enterprise financial solutions has introduced Nitro XP, an innovative Low-Code Application Platform (LCAP), revolutionising financial services in the dynamic Asia Pacific (APAC) market.
According to Market Simplified in a statement, the official launch for APAC will be held during the Singapore Fintech Festival 2023 on Nov 15.
With 18 years of unparalleled expertise in financial applications, Nitro XP signifies the company’s dedication to addressing the intricate needs of the financial sector.
Launched successfully in India six months ago, Nitro XP has gained significant momentum, attracting prominent large enterprises as well as small and medium enterprises (SMEs) looking to develop lending and trading solutions on the platform.
The platform expedites application development for financial institutions, enhancing efficiency and reducing time-to-market. It is a valuable asset for businesses of all sizes, strengthening digital infrastructure, fostering innovation, and enhancing competitiveness.
Nitro XP also prioritises user experience, performance, security, and scalability, thus enabling the development of robust, adaptable applications that drive business growth.
Offering unparalleled benefits to financial institutions, the platform’s drag-and-drop visual interface empowers users to create tailored applications without complex coding, reducing development timelines and costs.
In addition, Nitro XP's library of pre-built components expedites commonly used financial applications, allowing enterprises to optimise resource allocation, and it adapts to the requirements of large financial institutions to ensure smooth operations.
A trailblazing provider of cutting-edge enterprise financial solutions, Market Simplified continues to provide the tools and solutions needed for success in the evolving financial landscape.
-- BERNAMA
Sunday, November 5, 2023
AM BEST AFFIRMS CREDIT RATINGS OF KB INSURANCE CO., LTD.
HONG KONG, Nov 3 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of KB Insurance Co., Ltd. (KBI) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect KBI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect the support that the company receives from its parent, KB Financial Group Inc. (KB Group) and its strategic importance to KB Group.KBI’s risk-adjusted capitalisation has remained at the very strong level, as measured by Best’s Capital Adequacy Ratio (BCAR). The company exhibited good accessibility to the capital market through the recent issuances of subordinated bonds. Other balance sheet strength considerations include KBI’s relatively low debt leverage and healthy coverage ratios, as well as its conservative investment strategy.
AM Best assesses KBI’s operating performance as adequate, with a weighted five-year average consolidated return-on-equity ratio of 9.0% (2018-2022) and an operating ratio of 96.4%. The company’s underwriting profitability improved materially in 2022, mainly driven by favourable long-term line performance as a result of decreased medical indemnity loss ratio due to several rounds of rate hikes and stabilised medical claims. KBI’s investment income continues to be a major source of earnings with a stable trend in its net investment returns.
As a wholly owned subsidiary of KB Group, one of the largest financial holding companies in South Korea, KBI remained the fourth-largest non-life insurer in South Korea with a stable market share of approximately 13%, based on gross premiums written in 2022.
KBI is important to KB Group strategically in terms of business diversification given that it is the only non-life insurer within the group. Since its affiliation to KB Group in 2015, KBI has a track record of receiving explicit support including direct capital support and a no-dividend policy between 2019 and 2022 in preparation for new regulatory regimes, such as IFRS 17 and K-ICS. Implicit support includes shared distribution channels and group-wide marketing activities under one KB brand.
Negative rating actions could occur if there is a significant deterioration in KBI’s balance sheet strength fundamentals or if support from KB Group is reduced to a degree that no longer supports the current level of enhancement. Positive rating actions could occur if the company’s operating performance demonstrates strong and consistent results to positively distinguish itself from industry peers.
Saturday, November 4, 2023
MARBLE REINSURANCE CREDIT RATINGS AFFIRMED - AM BEST
Friday, November 3, 2023
NEW TRANSPORTATION MEANS AT TOMORROW.MOBILITY WORLD CONGRESS
KUALA LUMPUR, Nov 3 (Bernama) -- Fira de Barcelona and EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT) and a body of the European Union will jointly organised Tomorrow.Mobility World Congress (TMWC) from Nov 7 to 9 in Barcelona, Spain.
Deemed an ultimate platform for sustainable and intelligent urban mobility, over 100 international experts will come together at the event, to address the crucial challenges the transportation sector is facing and share effective, proven solutions.
The conference programme is structured around eight themes, namely Data Spaces; Inclusivity, Affordability & Fairness; Connected, Cooperative & Automated Mobility; Sustainable Urban Logistics; Multimodality; Urban Air Mobility; Energy Transition; and Active Mobility, according to a statement.
TMWC will focus on some of the key topics, including strategies to support public transport as a crucial element to make cities more liveable and meet ambitious emission reduction targets, the creation of a shared mobility data space to deploy extensive multimodal travel, and overcoming the challenges to fully implement autonomous vehicles.
Among some 100 speakers are San Francisco MTA Chief Innovation Officer and X (Alphabet’s Moonshot Factory) advisor, Timothy Papandreou; Chair of the Committee on Transport and Tourism at the European Parliament, Karima Delli; and Los Angeles Metropolitan Transportation Authority Chief Innovation Officer, Seleta Reynolds.
The congress will also feature an exhibition space where 130 companies including BSM, Deloitte, KIA, Moventis, PTV Group, PricewaterhouseCoopers, Racc, Renfe, and Sener will showcase their latest products.
TMWC will be held alongside Smart City Expo World Congress, Tomorrow.Building, Tomorrow.BlueEconomy, focusing on the opportunities of the blue economy, apart from PUZZLE X, in which all together the events will gather over 25,000 visitors, 1,000 exhibitors, over 800 cities and more than 600 speakers in Barcelona.
-- BERNAMA
Thursday, November 2, 2023
RESOLIAN BUYS CHINA-BASED BIOANALYTICAL CRO DENALI MEDPHARMA
KUALA LUMPUR, Nov 2 (Bernama) -- Resolian, a global bioanalytical contract research organisation (CRO) specialising in drug metabolism and pharmacokinetics for small and large molecules has acquired China-based bioanalytical CRO, Denali Medpharma.
Resolian Chief Executive Officer (CEO), Patrick Bennett in a statement said the strategic addition of Denali will significantly enhanced the company’s capabilities and strengthened its position in the global market.
“Denali’s founders and core scientists are internationally recognised across pharmaceutical research and development analysis and we are particularly excited to add Denali’s oligo, mRNA, and liposomal expertise to Resolian’s portfolio of services.
“We look forward to leveraging our growing company’s strengths to continue driving innovation and creating lasting value for our clients and stakeholders,” added Bennett.
Meanwhile, Denali CEO, Min Meng said the company was founded by a group of United States (US)-trained bioanalytical experts in a state-of-the-art lab facility in China to provide exceptional service for domestic and international clients.
“The Denali team is thrilled to join Resolian. We look forward to continuing this track record and offering even greater capabilities and trial flexibility as part of Resolian.”
Currently operates bioanalysis laboratory in the US, the United Kingdom, Australia and China, Resolian can initiate a project on four continents and easily transfer validated methods across labs, allowing therapeutic trials to extend to virtually any destination without changing bioanalytical CROs.
-- BERNAMA