DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event. P2P Security WebinarOn Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics: Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity. Staying safe with Bybit P2P: users get to discover Bybit's security tools and the latest features to combat fraudulent attempts. Trading with confidence: users will gain practical advice and practical tips on how to trade safely. The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers. 10,000 USDT Rewards for First-Time DepositsFrom Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply. "Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth," said Joan Han, Sales and Marketing Director at Bybit. P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security. Find out more about the event and eligibility at Bybit P2P. Africa Exclusive: Bybit Promotes Crypto Education with P2P Security Webinar #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For more information, please visit: https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
LOS ANGELES, Nov. 21, 2024 /PRNewswire/ -- As Black Friday approaches, the excitement for unbeatable deals fills the air — making it the ideal time to enhance home security with new cameras. Reolink, an innovative leader in intelligent visual technology for the home, is offering remarkable deals on its innovative security cameras and systems from now to December 5th. Discover the discounts of up to 43% off and prepare for exclusive offers on the industry-leading 4K continuous recording battery camera Altas PT Ultra, along with other top security cameras and systems. Reolink Altas PT Ultra with Solar Panel (Save 30%, now $151.99) Altas PT Ultra is an industry-leading 4K pan & tilt battery camera that offers continuous 4K UHD recording with a blindspot-free view. Equipped with innovative ColorX technology, it delivers true-color vision for both day and night. Its 20000mAh battery delivers a 96-hour 4K continuous recording on a single charge. Originally $229.99, now is $151.99 during the sale. Reolink Battery Doorbell (Save 30%, now $101.99) Battery Doorbell features 2K/4MP resolution and captures a full head-to-toe view with no subscription fees. It can run on battery power or be hardwired for consistent operation, offering flexible installation and power supply solutions. Battery Doorbell can support Reolink Home Hub for local storage of video recordings and centralized management of cameras. Originally $145.99, it's $101.99 during the sale. Reolink Home Hub Kit (Save 35%, now $258.99) This all-in-one kit includes a Reolink Home hub and two Argus PT Ultra cameras with two solar panels. The Home Hub offers great flexibility for security center customization by supporting up to 16MP ultra-high definition, and up to 8 cameras. The Argus PT Ultra camera included in this kit is one of the best-selling Reolink battery cameras with a 360-degree view and smart detection features. Originally $399.99, now is $258.99 until Dec. 2nd. Reolink E1 Zoom (Save 30%, now $55.99) E1 Zoom is an indoor 5MP PTZ camera with person/pet detection and auto tracking capability. With two-way audio capability, customers can check out what their kids and pets are doing while talking directly to them through the camera. Originally $79.99, now is $55.99 until Dec. 2nd. Amazing Reolink Black Friday deals are here from now until December 5th, with discounts of up to 43% off across Reolink all products, including battery cameras, PoE cameras, home hubs, and more. These products are the perfect fit for gifts for loved ones, which safeguard what matters most. Be prepared, be ahead, and give the gift of security this season. For more information about Reolink Black Friday offerings, visit Reolink.com and Amazon. About Reolink Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.
ANZ, CBA, NAB, Suncorp Bank, Westpac form inaugural core of BioCatch Trust™ partners SYDNEY, Nov. 20, 2024 /PRNewswire/ -- Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Suncorp Bank (Norfina Limited), and Westpac today announced they'd joined BioCatch Trust™ Australia, a pilot of the world's first inter-bank, behavior- and device-based, fraud and scams intelligence-sharing network. BioCatch Trust™ adds an additional layer of behavioural- and device-based protection for customers at the above-named banks against fraud and scams, by assessing in real time the potential risks associated with the accounts to which customers direct their domestic online payments within BioCatch Trust™ Australia. If the network identifies risks associated with a receiving account, BioCatch provides this intelligence to the sending bank in real time, allowing the sending institution to review the transaction before any money leaves the sender's account. "Fraud and scam payments are nearly always transferred to mule accounts through which the criminal funnels their profits before withdrawing them," BioCatch CEO Gadi Mazor said. "When the sending and receiving banks involved in these transactions share intelligence to identify potential money mules, it should reduce the number of customers who fall victim to scams and make a substantial dent in the ability of criminals to move their illegally attained money. We know the criminals behind these attacks swap tactics, strategies, intelligence, and technology with other rival cybercriminals. We're proud to now offer Australian banks an opportunity to join their own intelligence-sharing network to fight back." BioCatch Trust™ combines behavioral intelligence with digital session, payment, account, device, and non-monetary event intelligence to assess the potential risks of receiving accounts on the network before an eligible payment is processed. This helps financial institutions prevent those types of scams where the fraudster manipulates the victim outside of a digital banking session (many scams originate via an email, text message, or social media post). BioCatch Trust™ accomplishes this while utilising proven pseudonymisation technology to help protect the identities of those customers within the BioCatch Trust™ network. The strength of the BioCatch Trust™ network improves with each new financial institution that joins. As more banks contribute account intelligence, the system grows smarter and more effective, offering deeper insights and broader coverage. This collective intelligence helps to protect against existing, unknown, and emerging threats, significantly enhancing fraud detection across the Australian banking ecosystem. BioCatch Trust™ complements existing networks that share information after a scam has taken place, assisting the sending bank to make real-time risk assessments of receiving accounts before the sender transfers away any money. Commentary from participating banks: "Scams are a widespread issue and a scourge on our community," ANZ Head of Customer Protection Shaq Johnson said. "At ANZ, and across the banking sector, we must continue to invest in prevention and detection measures to help keep our customers safe from cybercriminals. BioCatch Trust™ is another capability we can adopt to help us in the continued fight against scams and fraud. We're pleased to be part of the pilot and look forward to seeing how we can leverage the risk indicators and insights this tool offers to complement our existing anti-scam capabilities." "There's always more we can do to protect Australians from scammers, and joining BioCatch Trust™ builds on the anti-scam innovations that CBA has already implemented to better protect Australians," CBA Head of Group Fraud James Roberts said. "BioCatch Trust™ is the first time banks have been able to share information in real time before a payment is made. In a world-first, this will help protect Australians from losing money to scammers. CBA welcomes the continued sharing of anti-scam intelligence – both with other banks and also across broader industry, including social media companies and telcos through the anti-scam intelligence loop." "Scams are the plague of our times," NAB General Manager of Group Investigations Chris Sheehan said. "We must take action to make Australia a tougher place for criminals to be successful. This is a global first and a great example of how Australia is embracing innovation and strategic partnerships to stop criminals in their tracks. We look forward to seeing this technology in action to help us protect customers and detect scams at scale, in real time." "Suncorp Bank is proud to be part of this innovative collaboration, which highlights the investment being made to protect banking customers from scammers," Suncorp Bank Executive Manager of Financial Crime Operations and Strategy Paul Gardner said. "All financial institutions have a critical role to play in the fight against scammers, and the work delivered as part of this project is another important step towards further protection for all Australians." "Stopping scams is one of our highest priorities," Westpac Head of Fraud Prevention Ben Young said, "so we're pleased to add an extra layer of protection for customers. Working closely with other banks and providers in the ecosystem is our best bet for making Australia a harder place for scammers to operate." About BioCatch: BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, 34 of the world's largest 100 banks and 237 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch's Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 93 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com. PR contacts: Mac KingBioCatch senior communications managerMac.King@BioCatch.com Amanda SchultzANZ media and public relations managerAmanda.Schultz@anz.com CBA Media media@cba.com.au Amelia HarrisNAB senior communications advisorAmelia.Harris@nab.com.au Emily ArnoldSuncorp BankSuncorp senior corporate affairs advisorEmily.Arnold@suncorpbank.com.au Brooke DavieWestpac mediaBrooke.Davie@westpac.com.au Logo - https://mma.prnasia.com/media2/1843699/biocatch_logo_rgb_2x_Logo.jpg?p=medium600
SINGAPORE, Nov. 20, 2024 /PRNewswire/ -- Cargobase, a logistics technology platform for enterprise shippers, today announced that it has achieved SOC 2 Type II compliance, specifically meeting the Security, Availability and Confidentiality (SAC) Trust Services Criteria. This independent verification underscores Cargobase's commitment to data security, system reliability and the protection of sensitive information, reinforcing the company's dedication to setting industry benchmarks in secure logistics solutions. This attestation complements Cargobase's ISO 27001 certification, further strengthening the foundation of trust our customers rely on. "We're proud to announce that Cargobase has achieved SOC 2 Type II compliance, demonstrating our commitment to data security and meeting the evolving needs of our clients. Recognizing the growing importance of this requirement within the industry, we've invested in robust security measures to provide our customers with the confidence and assurance they require," said Wiebe Helder, CEO at Cargobase. "In the dynamic world of logistics and supply chain management, large volumes of sensitive data are exchanged daily," said Arnout Wagenaar, Chief Strategy Officer at Cargobase. "Data security is paramount for our customers, who entrust us with information critical to their operations. Achieving SOC 2 Type II compliance underscores our unwavering commitment to data integrity and protection, thus building trust with our partners and allowing us to better serve the needs of enterprise shippers worldwide." Understanding SOC 2 Compliance The SOC 2 framework is a globally recognized standard developed by the American Institute of CPAs (AICPA). It focuses on Trust Services Criteria, including Security, Availability and Confidentiality to ensure that systems are protected from unauthorized access, reliably available to customers and employees, and that sensitive information remains confidential. What is SOC 2 Type II Compliance? Obtaining a SOC 2 report involves a CPA audit to attest to an organization's security controls. It aims to determine whether the controls put in place are designed correctly. Type I reports evaluate an organization's controls at a single point in time, whereas a Type II report examines how well those controls perform over a period of time (typically 3-12 months). What it means for our customers This achievement reaffirms Cargobase's position as a trusted partner for enterprise shippers worldwide. By prioritizing data security, we empower our clients to navigate the complexities of global logistics with peace of mind. ABOUT CARGOBASE Founded in Singapore in 2013, Cargobase is a global logistics software company whose mission is to simplify logistics for all. Its solution: "Logistics Software That Works". The Cargobase platform is designed for shippers to manage their local, regional or global supply chains across all freight modes, giving logistics professionals the visibility and control to make better decisions from day one. Cargobase TMS is used in 50 countries by leading enterprise shippers across Automotive, Semiconductor, Oil & Gas and Industrial Machinery sectors. Cargobase has offices in Singapore, Malaysia, Netherlands, Mexico, and the United States. For more information, visit www.cargobase.com.
Adoption of AI tools to proliferate phishing, deepfakes and other scams is eroding consumer confidence and trust in digital services ATLANTA, Nov. 20, 2024 /PRNewswire/ -- Banks and online retailers can significantly improve their ability to capture hard-to-detect high-risk fraudulent transactions through combining shared fraud intelligence into their risk assessments, according to the latest Global State of Fraud Report from LexisNexis® Risk Solutions. It reveals how businesses can build strong digital trust and prevent fraud before it occurs through collaborative digital identity intelligence and details several examples of success, including one organization that lifted customer recognition rates to 94%. Another integrated digital identity and email intelligence to help lift fraud capture rates by a quarter (26%). The global report also explores the impact of criminal activity on consumer trust, compounded by the fact that fewer than 10% of mules identified by law enforcement are arrested and fewer than 1% are charged. Rapid adoption of AI-powered technology by fraudsters to automate phishing and deepfakes is helping make scams more efficient and convincing, thereby eroding consumer trust in digital services. Global fraud attacks rose by 19% year on year, according to analysis of the LexisNexis® Digital Identity Network® platform. A shared collaborative network enables organizations to flag suspicious activity and confirmed fraud events with other members, to help make it harder for fraudsters to operate. This can include data about the device being used, IP addresses and other digital signals, as well as the email address provided. Analyzing the potential risk associated with these signals can significantly boost organizations' effectiveness at capturing high-risk transactions. In one case a major global bank boosted its detection capability 17-fold (1700%). In another, a card issuer improved its risk assessments by a factor of 23 (2300%). In both cases, collaborative data was used. Despite this, just six in ten (60%) organizations have technological fraud prevention solutions in place across all transaction channels, and only one in four (27%) organizations in the EMEA and APAC regions use consortia or data exchange initiatives as part of their fraud prevention activities, according to the report. This comes despite a majority of firms saying integrating digital experience and fraud prevention efforts (72%) and minimizing customer friction during checkout (68%) are 'critical or high' priority. "Consumers' desire for faster, instant service is driving demand for change, including the creation of alternative payment solutions. In response, regulators and central banks are enabling systems, such as instant payment rails, which make transactions easier," said Stephen Topliss, vice president of fraud and identity, LexisNexis Risk Solutions. "However, every attempt to make transactions easier for consumers is also making life easier for fraudsters. Societal demand for convenience has left financial institutions facing a difficult balancing act to deliver technological innovation and convenience, while maintaining trust and system integrity." Broader insights are also essential in the fight against synthetic identities – fake digital profiles created for fraud. Robust intelligence can reveal telltale signs, such as synthetic identities are seven times more likely to have no first-degree relatives and 20 times more likely to appear in multiple credit applications over a short time period. The report reflects that human beings continue to be a weak link in the trust chain, with an army of money mules – around 40% of whom are typically under the age of 25 – helping cybercriminals launder between 2 and 5% of global GDP each year. Topliss continued, "The worst-case scenario is that consumers cease engaging digitally because they don't trust the process. Tackling this global issue requires a multi-layered approach, as there is no silver bullet anti-fraud solution." Download the Global State of Fraud and Identity Report here (available in English only). MethodologyThe LexisNexis® Risk Solutions Global State of Fraud and Identity Report 2024, is an extensive survey of 2,952 risk and fraud executives in retail, ecommerce and financial services. About LexisNexis Risk SolutionsLexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX. Media Contact:Mike Normansell+44 7743 899 948mike.normansell@lexisnexisrisk.com
HONG KONG, Nov. 19, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced it will sell AI-aided X-ray screeners to one of Asia's largest airlines. The premier airline will initially purchase from SU Group 11 AI-aided X-Ray screeners designed for screening air cargo to identify dangerous goods and prohibited items. SU Group's proprietary Threat Stopper adaptable AI-aided X-ray screeners offer a blend of enhanced security, efficiency, and adaptability that can ultimately contribute to safer and smoother operations, while providing a significant advantage in evolving threat landscapes. SU Group's Chairman and CEO, Dave Chan, commented, "We are proud to be supporting one of Asia's largest airlines in this critical security function, a relationship that we forged together several years ago. Nothing is more important than security when focused on instilling confidence in travelers and providing a smooth experience. In addition, strong safety and security can be a powerful competitive advantage, as travelers prioritize airlines with robust security measures. Given rapid advances in technology and the continued surge in the number of travelers and parcels that need processing, we expect to see a corresponding increase in demand over the coming years for AI-aided X-ray screeners. SU Group is positioned to capitalize on this accelerating trend and expanded addressable market with a proven AI-aided security solution that offers airlines a blend of enhanced security, efficiency, and adaptability that can ultimately contribute to safer and smoother airport operations." Airlines are being motivated by numerous factors to invest in AI-aided X-ray screeners and security solutions for screening air cargo and luggage, including: Increased Detection Accuracy: AI-enhanced systems can analyze X-ray images with a high degree of precision, allowing for better detection of prohibited items like weapons, explosives, or other dangerous materials. Machine learning algorithms can be trained to recognize even subtle patterns that indicate potentially dangerous or prohibited items, reducing the chance of human error. Speed and Efficiency: AI-aided systems can analyze images faster than human screeners, enabling quicker processing times for luggage and cargo. This helps reduce bottlenecks at checkpoints, improving overall operational efficiency and allowing more passengers and cargo to be processed in less time. Consistency and Reduced Fatigue: Human screeners are inherently prone to fatigue and may miss items. AI systems maintain consistent accuracy, providing reliable performance throughout the day, while handling large volumes. Adaptability to New Threats: AI systems can be updated and retrained to detect new types of threats as they emerge, such as new explosive compounds or prohibited items that might not have been common previously. Cost Savings: The improved efficiency and reduced need for re-screening and manual checks can lead to cost savings over time. Faster screening means airlines may need fewer personnel to manage the same volume of luggage, saving on labor costs. Enhanced Safety and Customer Trust: By improving the accuracy and reliability of security checks, airlines enhance overall safety, which in turn fosters trust among passengers. Compliance with Regulatory Requirements: As governments and aviation authorities place greater emphasis on security and technological advancement, AI-aided screeners can help airlines meet regulatory standards, avoiding fines and ensuring smooth operations. About SU Group Holdings LimitedSU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. For more information visit www.sugroup.com.hk. Forward-Looking StatementsCertain statements in this press release are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to renew contracts with recurring customers; the Company's ability to secure new contracts; the Company's ability to accurately estimate risks and costs and perform contracts based on the Company's estimates; the Company's relationship with the Company's suppliers and ability to manage quality issues of the systems; the Company's ability to obtain or renew the Company's registrations, licenses, and certificates; the Company's ability to manage the Company's subcontractors; the labor costs and the general condition of the labor market; the Company's ability to compete effectively; the Company's ability to successfully manage the Company's capacity expansion and allocation in response to changing industry and market conditions; implementation of the Company's expansion plans and the Company's ability to obtain capital resources for planned growth; the Company's ability to acquire sufficient products and obtain equipment and services from the Company's suppliers in suitable quantity and quality; the Company's dependence on key personnel; the Company's ability to expand into new businesses, industries, or internationally and to undertake mergers, acquisitions, investments, or divestments; changes in technology and competing products; general economic and political conditions, including those related to the security-related engineering services industry; possible disruptions in commercial activities caused by events such as natural disasters, terrorist activities, political, economic, and social instability, and fluctuations in foreign currency exchange rates, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
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