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Overall attacks attempts climb (+20%), as threat actors diversify tactics - increase in attacks around the globe Ransomware intensifies through the year (+27% in 2H) peaking during the summer months (+37%) Total cryptojacking volume – spikes +659% globally IoT exploit (+15%) and encrypted threats (+117%) also on the rise SonicWall discovered 293,989 'never-before-seen' malware variants – 805 a day SINGAPORE - Media OutReach Newswire - 22 February 2024 - SonicWall today released the 2024 SonicWall Annual Cyber Threat Report, which exposes all types of cyber behaviors and trends from digital adversaries to help partners build data-driven solutions to keep customers safe. 2023 proved to be a year of volatile, adaptive and creative digital threats, as threat actors continue to be relentless in their assault, leaving organizations looking for another layer of defense. Organizations are increasingly turning to Managed Service Providers (MSPs) to alleviate pressure on IT departments. Managed services have emerged as a game-changing solution, providing organizations with an additional human-layer of defense, addressing alert fatigue, and freeing up valuable resources and time for core business functions. "The SonicWall 2024 Threat Report reveals that the threat landscape continues to grow in complexity and depth as threat actors adopt new tactics and platforms," said SonicWall President and CEO Bob VanKirk. "It has become clear that conventional network security isn't enough. Security professionals need assistance to cope with the overwhelming volume of cyberattacks and protect from the endpoint to the cloud. Especially as the cloud becomes an indispensable reality for businesses, the role of MSPs is shifting from technical maintenance to raising the bar on their customers security posture." Overall attack numbers climbed (+20%) totaling more than 1 billion attempts compared to the same time as last year. Global cryptojacking volume rose 659% and encrypted threat jumped 117%, as threat actors opted for a stealthier, less risky means of malicious activities. The data illustrates the tenacious and evolving state of cyber threats, underscoring the need for businesses to continually adapt their security strategies, and serves as a call for organizations to lean on MSPs to help identify and remediate threats quickly. Evolved, Diversified Attack Vector "When it comes to protecting your most valuable assets, organizations must remain alert, and deploy proactive cybersecurity measures, and focus on the threats that actually matter," said SonicWall Executive Vice President of Managed Security Services Michael Crean. "Today's organizations demand an integrated approach for end-to-end managed threat protection enabling MSPs to help customers navigate the cybersecurity landscape with confidence and resilience – giving them a distinct competitive edge." Cybercriminals and nation states are adapting their abilities to gain access to critical infrastructure, making the threat landscape even more complex and forcing organizations to reconsider their security needs. The second half of the 2023 saw a barrage of ransomware activity (+27%) and a variety of other attacks have trended up globally annually, including IoT exploit (+15%), intrusion attempts (+20%) and encrypted threats (+117%). "In an era where cyber threats are increasingly sophisticated, MSPs are the frontline defense protecting their customers and helping them spend more of their time managing their business' needs," said CTO of Compass MSP and longtime SonicWall partner Alex Tsukanov. "New threats are emerging every day, and MSPs use threat insights to build an actual plan with the necessary capabilities to keep our customers safe, like that found in the SonicWall's threat report." "The threat landscape continues to expand and threat actors continue to evolve their tactics and leverage all tools available to accomplish their nefarious means," said Debasish Mukherjee, Vice President, Regional Sales, Asia Pacific Japan at SonicWall. "SonicWall continues to publish the Cyber Threat Report to provide threat intelligence to not only offer actionable insight, but to drive our roadmap and build solutions that help our partners. As the likelihood of being targeted continues to increase, yesterday's safeguards are no longer enough." SMB to the Enterprise – The Surge Continues While ransomware continues to be a threat, SonicWall Capture Labs threat researchers expect a broader set of actions in 2024, specifically targeting SMBs, governments and the enterprise. SonicWall sensors identify and prevent more than 19,000 threats per day. The 2024 SonicWall Cyber Threat Report provides insight on a range of threats, including: Malware – Total global malware volume rose 11% in 2023, with Latin America and the U.S. logging the biggest jumps – (+30%) and (+15%) respectively. Surprisingly, Europe saw a (-2%) decrease, with the UK seeing the steepest decline of -28%. Ransomware – Overall ransomware numbers saw a -36% decline annually, the summer months and second half of the year suggests a strong rebound, as it spiked +37% during the summer months when compared to the same time last year. IoT Exploit – Global volume rose 15%, as connected devices continue to rapidly multiply, bad actors are targeting weak points of entry as potential attack vectors into organizations. Encrypted Threats – Yet another quieter approach embraced by bad actors in the last year was encrypted threats, which spiked (+117%) globally. Patented RTDMI Discovered more than 294,000 'Never-Before-Seen' Malware Variants SonicWall's patented Real-Time Deep Memory InspectionTM (RTDMITM) technology identified a total of 293,989 never-before-seen malware variants in 2023. The threat landscape remains complex, with almost 800 strains of new variants discovered each day. To learn more about SonicWall and get the complete 2024 SonicWall Cyber Threat Report, please visit www.sonicwall.com/threatreport. Hashtag: #SonicWallThe issuer is solely responsible for the content of this announcement.About SonicWall Capture LabsSonicWall Capture Labs threat researchers gather, analyze and vet cross-vector threat information from the SonicWall Capture Threat network, consisting of global devices and resources, including more than 1 million security sensors in nearly 215 countries and territories. SonicWall Capture Labs, which pioneered the use of artificial intelligence for threat research and protection over a decade ago, performs rigorous testing and evaluation on this data, establishes reputation scores for email senders and content, and identifies new threats in real-time.About SonicWallSonicWall is a cybersecurity forerunner with more than 30 years of expertise and is recognized as a leading partner-first company. With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users. With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization—enterprise, government agencies and SMBs—around the world. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- ASEAN Innovation Business Platform (AIBP) proudly announces the call for nominations for the eighth consecutive year of the AIBP Enterprise Innovation Awards. Established in 2017, the awards celebrate the remarkable achievements of Southeast Asian enterprises in their digital transformation journey. Last year, Bank Mandiri and Sampoerna stood out as winners from Indonesia, receiving their accolades at the 2023 AIBP Conference and Exhibition, held at the Ritz Carlton, Mega Kuningan. The event was supported by key Indonesian institutions including the Ministry of Communication & Informatics (KOMINFO), Indonesian Chamber of Commerce and Industry (KADIN) and Asosiasi Fintech Indonesia (AFTECH). From left to right: Irza Suprapto (CEO, AIBP), Nyoman Adhiarna, Director of Digital Economy, Kementerian Komunikasi dan Informatika (KOMINFO), Ministry of Communication & Informatics, Republic of Indonesia, Ivan Cahyadi, Sales Director, HM Sampoerna and Budi Prasetyo, Vice President, Digital Banking, Bank Mandiri This tradition of excellence is set to continue at the 2024 awards ceremony, a feature of AIBP's annual conference scheduled for 6 - 7 August 2024. Advocates for Digital Transformation: A Platform for Growth The awards serve as an open invitation for ASEAN organisations to share their success stories in digital transformation. Notable winners like Bank Mandiri, with its KOPRA super platform and Sampoerna, with its AYO application, demonstrate projects with a focus on improving customer engagement. In its 8th year, the Enterprise Innovation Awards continue to offer a unique platform for ASEAN businesses to gain recognition for their digital transformation projects. Bank Mandiri and Sampoerna join other winners from the region which include, IOI, PETRONAS, Vietnam Prosperity Joint Stock Commercial Bank, Vietnam Posts and Telecommunications Group, Metro Pacific Investment Corporation, Megaworld Corporation, Kasikorn Business Technology Group and PTT Global Chemical Public Company. Nominate Your Enterprise We invite all enterprises based in Indonesia that have embarked on digital transformation projects to nominate themselves for the 2024 awards. Deadline for nominations: 11 March 2024 Nominations for the 2024 AIBP ASEAN Enterprise Innovation Awards are free, and can be submitted via the awards' website https://www.aibp.sg/aibp-awards-nominations-2024 About ASEAN Innovation Business Platform (AIBP) AIBP serves as an avenue for public and private organisations in Southeast Asia to access information about enterprise growth and innovation. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit www.aibp.sg
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- ASEAN Innovation Business Platform (AIBP) proudly announces the call for nominations for the eighth consecutive year of the AIBP Enterprise Innovation Awards. Established in 2017, the awards celebrate the remarkable achievements of Southeast Asian enterprises in their digital transformation journey. Last year, IOI Corporation Berhad and Petroliam Nasional Berhad (PETRONAS) stood out as winners from Malaysia, receiving their accolades at the 2023 AIBP Conference and Exhibition, held at the InterContinental Hotel Kuala Lumpur. The event was supported by key Malaysian institutions including the Ministry of Science, Technology & Innovation (MOSTI), the then Ministry of Communications and Digital (KKD), and CyberSecurity Malaysia (CSM). From left to right: Irza Suprapto (CEO, AIBP), Dato’ Ts. Dr Haji Amirudin Abdul Wahab (CEO, CyberSecurity Malaysia), Datin Ts. Habsah Nordin (Chief Data Officer, PETRONAS), Mr Mohd Haris Shukri Jahabar (Head, Data Architecture Management, PETRONAS), Mr. Alvin Lee (Head of Business Systems and Information Technology, IOI Corporation Berhad), Mr. Kong Kian Beng (Group CFO, IOI Corporation Berhad), Datuk Dr. Mohd Yusoff Sulaiman (Former President and CEO, MIGHT) This tradition of excellence is set to continue at the 2024 awards ceremony, a feature of AIBP's annual conference scheduled for 3 - 4 September 2024. Advocates for Digital Transformation: A Platform for Growth The awards serve as an open invitation for ASEAN organisations to share their success stories in digital transformation. Notable winners like IOI, with its "ONE IOI Integrated Platform," and PETRONAS, with its Enterprise Data Hub, demonstrate the impactful use of digital technologies in business optimisation. In its 8th year, the Enterprise Innovation Awards continue to offer a unique platform for ASEAN businesses to gain recognition for their digital transformation projects. IOI and PETRONAS join other winners from the region which include Metro Pacific Investment Corporation, Megaworld Corporation, VPBank, Vietnam Posts and Telecommunications Group, Sampoerna, Bank Mandiri, Kasikorn Business Technology Group and PTT Global Chemical Public Company. Nominate Your Enterprise We invite all enterprises based in Malaysia that have embarked on digital transformation projects to nominate themselves for the 2024 awards. Deadline for nominations: 11 March 2024 Nominations for the 2024 AIBP ASEAN Enterprise Innovation Awards are free, and can be submitted via the awards' website https://www.aibp.sg/aibp-awards-nominations-2024 About ASEAN Innovation Business Platform (AIBP) AIBP serves as an avenue for public and private organisations in Southeast Asia to access information about enterprise growth and innovation. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit www.aibp.sg
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- ASEAN Innovation Business Platform (AIBP) proudly announces the call for nominations for the eighth consecutive year of the AIBP Enterprise Innovation Awards. Established in 2017, the awards celebrate the remarkable achievements of Southeast Asian enterprises in their digital transformation journey. Last year, Megaworld Corporation and Metro Pacific Investments Corporation (MPIC) stood out as winners from the Philippines, receiving their accolades at the 2023 AIBP Conference and Exhibition, held at the Manila Marriott. The event was supported by key institutions in the Philippines including the Department of Information and Communications Technology (DICT), Department of Science and Technology (DOST) and Department of Trade and Industry (DTI). From left to right: Irza Suprapto (CEO, AIBP), Atty. Adrian Jude G. Echaus (Assistant Bureau Director, National ICT Planning, Policy, and Standards Bureau (NIPPSB), Department of Information and Communications Technology (DICT)), Tisha Quinitio (Head of Business Development, Metro Pacific Health Tech (mWell)), Lorraine Macapagal (Operations Lead, mWell), Myra Carabeo, (Creative Lead, mWell) and Francis Adrian Viernes (Chief Data Scientist, Megaworld Corporation) This tradition of excellence is set to continue at the 2024 awards ceremony, a feature of AIBP's annual conference scheduled for 17 - 18 September 2024. Advocates for Digital Transformation: A Platform for Growth The awards serve as an open invitation for ASEAN organisations to share their success stories in digital transformation. Notable winners like MPIC, with its "mWell Platform", and Megaworld, with its accident detection software, demonstrate the impactful use of digital technologies in improving healthcare access and public safety. In its 8th year, the Enterprise Innovation Awards continue to offer a unique platform for ASEAN businesses to gain recognition for their digital transformation projects. MPIC and Megaworld Corporation join other winners from the region which include, IOI, PETRONAS, Vietnam Prosperity Joint Stock Commercial Bank, Vietnam Posts and Telecommunications Group, Sampoerna, Bank Mandiri, Kasikorn Business Technology Group and PTT Global Chemical Public Company. Nominate Your Enterprise We invite all enterprises based in the Philippines that have embarked on digital transformation projects to nominate themselves for the 2024 awards. Deadline for nominations: 11 March 2024 Nominations for the 2024 AIBP ASEAN Enterprise Innovation Awards are free, and can be submitted via the awards' website https://www.aibp.sg/aibp-awards-nominations-2024 About ASEAN Innovation Business Platform (AIBP) AIBP serves as an avenue for public and private organisations in Southeast Asia to access information about enterprise growth and innovation. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit www.aibp.sg
Company to cease manufacturing operations at its Jinshan, China manufacturing facility THE WOODLANDS, Texas, Feb. 22, 2024 /PRNewswire/ -- SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, announced today a long-term supply partnership with Liaoning Dingjide Petrochemical Co., Ltd. (Dingjide) 603255:CHShanghai (CNY), a Chinese-based manufacturer of additives and other specialty chemicals. Through this partnership, Dingjide will manufacture certain SI Group products in China as a co-producer. As a result of the supply agreement, SI Group will cease manufacturing operations at its Jinshan, China manufacturing facility and list the property and associated legal entity for sale. SI GROUP ANNOUNCES STRATEGIC PARTNERSHIP WITH LIAONING DINGJIDE PETROCHEMICAL CO., LTD. FOR CERTAIN PRODUCTS IN CHINA Under terms of the agreement, SI Group will continue to offer these products to customers in China and will distribute and sell these materials outside of China. SI Group will seek to relocate its research and development facilities currently located in Jinshan and will continue to operate its remaining offices and manufacturing facility in China. "By partnering with Dingjide, SI Group is able focus on establishing global performance additives leadership through its global sales and marketing reach and investments in innovation, while optimizing our footprint and variablizing our cost structure," said Joey Gullion, SVP Chief Commercial Officer at SI Group. SI Group continues to make progress toward the vision of being the global performance additives powerhouse and sees this partnership as a significant step in that journey. "SI Group has a long history of providing quality products to industries worldwide. As part of our business strategy, we continually seek new ways to realize quality growth in Asia Pacific and globally," said David Bradley, President and CEO at SI Group. "In addition to our high-quality standards and excellent service, this local supply point through our agreement with Dingjide reinforces our position as a main antioxidant supplier of choice for our customers." Dingjide will uphold SI Group's high quality product standards with production at its modern manufacturing facility. "We're very pleased to enter into a long-term strategic agreement with SI Group. By partnering with SI Group, an international leader in additives, Dingjide will leverage its world-class quality and production capabilities to support antioxidant growth in the global marketplace," said Mr. Zaiming Zhang, Chairman of Board of Directors, Liaoning Dingjide Petrochemical. SI Group's Jinshan, China manufacturing facility is expected to cease manufacturing operations on July 31, 2024. The company will list the site for sale and seek a buyer immediately. About SI GroupAbout SI Group SI Group is a global leader in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates. SI Group solutions are essential to enhancing the quality and performance of countless industrial and consumer goods within the plastics, rubber & adhesives, fuels & lubricants, oilfield, and pharmaceutical industries. SI Group's global manufacturing footprint includes 20 facilities on three continents, serving customers in 80 countries with approximately 2,000 employees worldwide. In 2021, SI Group received a gold award for corporate social responsibility by EcoVadis and is ranked among the top five percent of more than 50,000 worldwide companies. SI Group innovates and drives change to create value with a passion for safety, chemistry, sustainability, and extraordinary results. Learn more at www.siigroup.com. Media Contact: Joseph Grandeph: + 1.413.684.2463joe@jgrandecommunications.com
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Leading FinTech firm Helicap Pte Ltd (Helicap) and PT Bank Danamon Indonesia Tbk (Danamon) has today announced a strategic partnership to support FinTech and alternative lending industry in Indonesia. This collaboration aims to position the duo as a one-stop solution for non-dilutive growth capital targeting FinTech, alternative lending firms and MSMEs across diverse segments including supply chain, leasing, e-commerce, and more. From left to right - Quentin Vanoekel, Co-founder and CIO of Helicap Investments; David Z Wang, Co-founder and Group CEO of Helicap; Andi Syaiful Wahdi, Enterprise Banking Business Head; Rex William Taylor, Enterprise Banking Team Head. The synergy will leverage: Danamon's extensive banking network, totalling over consolidated assets of IDR 221 trillion with its subsidiary, PT Adira Dinamika Multi Finance Tbk (Adira Finance), and deep banking expertise in Indonesia, unlocking invaluable insights into market access and industry expertise. Helicap's proven diversified debt portfolio track record of 6 years with no defaults, and cutting-edge proprietary data analytics, offering strong risk assessment, investment selection, and portfolio management capabilities. This partnership goes beyond mere capital provision. It envisions a supportive and innovative funding ecosystem catering to the debt financing needs of non-bank firms at every stage of their growth journey, from seed funding to IPO. Key highlights of the partnership: Long-term volume generation: Danamon's banking infrastructure and product suite will be utilised to drive business growth for Danamon through transaction volume and account openings of Helicap Group's borrowers, fostering seamless integration. Enhanced visibility for Helicap Group, as it unlocks access to a wider range of products for its borrowers, including cross-border collaborations, credit and cash management solutions. Robust transaction flow and co-lending: Helicap will strive for building a robust flow of risk-managed transactions for Danamon in Indonesia, and the two aim at co-lending to targeted investees, amplifying lending capacities and impact. Technology utilization for enhanced risk management: Combining Helicap's technology with Danamon's banking infrastructure via Danamon Cash Connect will streamline cash reconciliation, fraud analytics, credit risk monitoring, due diligence, and bank account pledge processes. Together, Helicap and Danamon are poised to reshape the financial landscape of Southeast Asia, empowering FinTech and alternative lending firms to drive inclusive growth and unlock their full potential. Key Quotes: David Z Wang, CEO and Co-Founder of Helicap: "This partnership is a watershed moment for the FinTech and alternative lending industry in Southeast Asia. By combining our credit expertise and resources with Danamon's extensive reach and banking know-how, we are creating a truly unique and comprehensive solution for FinTech and alternative lending firms across the region." Andi S Wahdi, Enterprise Banking Business Head said "Danamon as part of MUFG, a leading global financial group as well as Japan's largest bank, we are supported by MUFG's strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. We provide innovative and appropriate financial solutions so that customers can take control of their financial needs and goals. Today we are excited to announce our partnership with Helicap as one of leader in the FinTech investment space. This collaboration aligns with our commitment for supporting innovation and driving financial inclusion in Indonesia and beyond." About Helicap: Helicap is a Singapore-based FinTech firm connecting global investors to private debt opportunities in Southeast Asia. The company's goal is to fill a $500 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region. The company's equity backers include Japanese financial services firm Credit Saison, Temasek-backed alternative investments firm Tikehau Capital, integrated Asian financial house PhillipCapital, as well as top VC firms East Ventures, Access Ventures, Voveo Capital, and leading Singapore property group Soilbuild Group Holdings. Over the last 6 years, Helicap has raised more than US$20 million in paid-up capital and deployed over US$250 million worth of capital with their in-house data analytics expertise. By leveraging this advanced data-processing capability, they have indirectly served more than 5 million MSMEs and individuals. Helicap's collaboration with Temasek Trust on Southeast Asia's first Financial Inclusion Report exemplifies the commitment to building a visible, impactful, and integrated ecosystem that prioritizes sustainable and ethical practices. Since its inception, Helicap has built exclusive networks with hundreds of platform partners, who have access to a total of 200 million potential borrowers in the region. For more information, visit www.helicap.com. About Danamon PT Bank Danamon Indonesia Tbk (Stock Code: BDMN) was established in 1956. As of 31 December 2023, the company manages consolidated assets of IDR 221 trillion with its subsidiary, PT Adira Dinamika Multi Finance Tbk (Adira Finance). In terms of share ownership, 92.47% of Danamon's shares are owned by MUFG Bank, Ltd. and another 7.53% by the public. As of December 2023, Danamon is supported by a network of 863 conventional branch offices, Sharia units, and subsidiary branch and business network as well as a network of ATMs, ATM Bersama, PRIMA, and ALTO totaling more than 60,000 units spread across 34 provinces. In addition to the offline services, Danamon products and services can also be accessed online through D-Bank PRO for Individual Customers and Danamon Cash Connect for Business Customers. Moreover, Danamon also provide 24-hour services via SMS Banking services and Hello Danamon call center services. As part of MUFG, a leading global financial service group as well as Japan's largest bank, Danamon is supported by MUFG's strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. Through the spirit "Grow With Us" which is based on Danamon's Vision to Care and Help Millions to Prosper, Danamon reinforces its commitment as a bank that is always ready to provide solutions for all financial needs for all customers from various segments including Consumer, Small and Medium Enterprises (SMEs), Wholesale (Enterprise and Commercial), both conventional and sharia, as well as automotive financing through Adira Finance, in order to grow more prosperous. This is in line with Danamon's aspiration aspires to continue to grow as a customer-centric organization as "Your Bank of Choice". Our unique value proposition focuses on sales and service excellence, strong synergies with partners and stakeholders, and supported by world-class technology aiming to provide the best financial solutions to help customers in taking control of their financial needs and goals.
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