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Nexusguard’s DDoS Statistical Report for 2022 Indicates Global Shift in Attack LandscapeSINGAPORE - Media OutReach - 4 July 2023 - In 2022, the total number of distributed denial of service (DDoS) attacks worldwide increased by 115.1% over the amount observed in 2021, according to new research from Nexusguard released in its DDoS Statistical Report for 2022. The data also showed that cyber attackers continued to alter their threat vectors by targeting the application platforms, online databases, and cloud-based storage systems within Internet Service Providers (ISPs). This resulted in a significantly greater impact globally as organizations continue to move more of their workloads to the cloud. While the overall number of DDoS attacks did more than double, the maximum size of 361.9 gigabits per second (Gbps) represented a 48.2% decrease over those measured in 2021. Average attack size also shrank by 22.4%. The majority of DDoS threats (85.6%) in 2022 were single-vector attacks, which is almost identical to the percentage seen in 2021. UDP- (user datagram protocol) based and TCP- (transmission control protocol) based attacks were the most popular attacks by type, accounting for 72.5% and 23.0% respectively. Other key findings include: The top three DDoS attack vectors were NTP (network time protocol) amplification, memcached, and UDP attacks. UDP based attacks increased 121.3% year-over-year (YoY). TCP based and other attacks also grew significantly. Amplification attacks grew by 414.6% YoY. Application attacks saw enormous growth, increasing by 718.1% YoY. “Although DDoS attack size dropped in 2022, we saw a significant jump in the overall number of attacks, making the need for greater awareness and vigilance more essential today,” said Juniman Kasman, chief technology officer of Nexusguard. “Cyber attackers also continue to target critical infrastructure within ASN-level Communications Service Providers (CSPs), especially ISPs, which results in an incredibly far-reaching effect as the organizations relying on those providers are also negatively impacted.” With DDoS activities on the rise in Latin America, Nexusguard will launch a new DDoS scrubbing center in São Paulo, Brazil in July. The new center will provide comprehensive protection for local network operators and enterprises against DDoS attacks, mitigating the growing threat of cyber attacks in the region. The scrubbing center will also power Nexusguard Bastions, a managed DDoS protection service designed for businesses dealing with the impacts triggered by cyber attacks or seeking to add advanced cybersecurity capabilities to their product portfolio. Read Nexusguard’s DDoS Statistical Report for 2022 which provides comprehensive research around the shift in the global DDoS threat landscape. This annual report by Nexusguard examined the increases in DDoS attacks between 2021 and 2022, including single-target network layer attacks and multi-thread application attacks. Hashtag: #Nexusguard #DDoS #DDoSTrend #DDoSReport #DDoSProtection #SaoPaulo #DDoSMitigationCenterhttps://linkedin.com/company/nexusguardhttps://www.facebook.com/nxg.pr/The issuer is solely responsible for the content of this announcement.About NexusguardFounded in 2008, Nexusguard is a leading cloud-based distributed denial of service (DDoS) security solution provider fighting malicious internet attacks. Nexusguard ensures uninterrupted internet service, visibility, optimization and performance. Nexusguard is focused on developing and providing the best cybersecurity solution for every client across a range of industries with specific business and technical requirements. Nexusguard also enables communications service providers to deliver DDoS protection solutions as a service. Nexusguard delivers on its promise to provide you with peace of mind by countering threats and ensuring maximum uptime. Visit www.nexusguard.com for more information.
KUALA LUMPUR, MALAYSIA - Media OutReach - 4 July 2023 - The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 5–6 July to make a decision on monetary policy. OctaFX experts anticipate a 25 basis points increase in the interest rate, bringing it to 3.25%. This article delves into the factors influencing this decision and the potential impact on the Malaysian ringgit. The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 5–6 July to make a decision on monetary policy. BNM is expected to increase the interest rate by 25 basis points to 3.25% At the most recent meeting, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.00 percent, citing the continuing expansion of Malaysia's economic activity in the first quarter of 2023 after a strong performance in 2022. The economy continues to be driven by resilient domestic demand supported by strong labour market conditions and a stronger-than-expected rebound of China's economy. The Monetary Policy Committee noted that core inflation has been on a downward trend in recent months due to the moderating influence of cost factors. However, it anticipates that core inflation will remain high due to sustained demand. Therefore, the committee's last monetary policy statement indicated the need for further normalisation of monetary accommodation, citing solid domestic growth as a key factor. According to the latest monthly highlights and statistics, headline inflation in Malaysia continued to decline, reaching 2.8% in May. This decrease was mainly due to non-core CPI components, notably lower inflation in fuel (-0.2 percentage points) and fresh food (-0.1 percentage points). Core inflation also declined slightly to 3.5% (from April’s 3.6%), primarily influenced by lower inflation in communication services. External factors influenced domestic financial markets, with investors adopting a risk-off approach due to concerns over a potential US Federal Reserve rate hike and a slower-than-expected recovery in China. As a result, the ringgit depreciated by 3.4% against the US dollar. The renewed hawkish rhetoric from the US Federal Reserve further sets the stage for the weakening of the ringgit. The current US interest rate is 5.25% compared to 3% in Malaysia, and investors believe the gap will widen. When the US offers higher yields, foreign entities tend to convert their Malaysian assets into US dollars and divert their investments to the US market. If Bank Negara Malaysia leaves the rate unchanged, it is expected to accelerate the weakening of the ringgit, which could reach a multi-year high of 4.75 quickly. However, considering the resilient state of the economy, Bank Negara Malaysia is likely to raise the overnight policy rate (OPR) by 25 basis points to 3.25% at the end of the two-day meeting. This move aims to support capital markets and stabilise the USDMYR exchange rate, which is anticipated to trend lower (with ringgit appreciating) with a target range of 4.50 to 4.57 amid a decreasing interest rate differential between Malaysia and the US Federal Reserve. Hashtag: #BNM #interestrate #MYR #USDThe issuer is solely responsible for the content of this announcement.About OctaFXOctaFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries who have opened more than 21 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. In the APAC region, OctaFX managed to capture the ‘Best Forex Broker Malaysia 2022’ award and the ‘Best Global Broker Asia 2022’ from Global Banking and Finance Review and International Business Magazine, respectively.
SmartZone delivers highly efficient and reliable power protection for IT equipment SINGAPORE, July 4, 2023 /PRNewswire/ -- Panduit Singapore releases SmartZone™ Uninterruptible Power Supply (UPS), delivering highly efficient and reliable power that provides protection and backup power for your computer IT equipment. SmartZone offers excellent electrical performance, intelligent battery management and long lifespan (lithium-ion units), enhanced intelligent monitoring, and network functions. Compliant with ENERGY STAR® 2.0, EMC, and safety standards, SmartZone UPS meets the continually growing power demands of data center, enterprise, and Edge IT equipment. Panduit Launches SmartZone™ Uninterruptible Power Supply The rack-mounted SmartZone UPS portfolio focuses on high reliability, density, efficiency, and secure manageability, backed by an experienced global support team. This UPS range offers models with varying power ratings, configurations, and batteries to meet your specific needs. The offerings include 1-3 kVA line interactive and double conversion with lithium-ion battery, 1-3 kVA, 5-10 kVA, and 10/15/20 kVA double conversion with lead acid battery. The SmartZone Intelligent UPS system interfaces with Panduit's SmartZone Cloud Next Generation DCIM solution to manage, monitor, and control power, environmental, security, connectivity, and IT assets. SmartZone Cloud collects and processes real-time data to closely oversee these channels and sends alerts for potential failures to reduce the risk of costly outages. To learn more about SmartZone Cloud Next Generation DCIM please visit https://pages.panduit.com/apac-smartzone-cloud.html. Panduit also offers many SmartZone™ UPS accessories including external battery packs, battery cartridges, intelligent network management cards, environmental and security sensors, and a relay card. "SmartZone UPS provides the global market with intelligent, reliable, and efficient infrastructure solutions for IT equipment and applications", says SmartZone UPS Product Manager Alan Burkel. "Panduit is excited to deliver this new offering of uninterruptible power supply hardware to an expanding industry with growing trends of distributed compute and enterprise data center modernization. It allows Panduit to be a one-stop-shop for customers interested in infrastructure solutions." The new Panduit SmartZone™ UPS product family rings in a new era of intelligent power. To learn more about the SmartZone UPS Intelligent Power Solution, please visit https://pages.panduit.com/apac-smartzone-ups.html. About Panduit Since 1955, Panduit's culture of curiosity and passion for problem-solving have enabled more meaningful connections between companies' business goals and their marketplace success. Panduit creates innovative electrical and network infrastructure solutions for enterprise-wide environments, from the data center to the telecom room, from the desktop to the plant floor. Headquartered in Tinley Park, IL, USA, and operating in112 global locations, Panduit's proven reputation for quality and technology leadership, coupled with a robust partner ecosystem, helps support, sustain, and empower business growth in a connected world. For more information, visit www.panduit.com.
SINGAPORE, July 4, 2023 /PRNewswire/ -- SATS Ltd ("SATS") and Singapore Post Limited ("SingPost") recently signed a Memorandum of Understanding (MOU) to explore a strategic partnership in the potential establishment of an ecommerce transshipment hub in Singapore. (From left to right) Vincent Phang, Group CEO, SingPost; Li Yu, CEO of International, SingPost; Bob Chi, CEO of Gateway Services, SATS; Kerry Mok, President and Chief Executive, SATS According to McKinsey's projections between 2023 and 2026, the Southeast Asian market is expected to triple, boasting a compound growth rate of 22 percent. It is estimated that the market will reach approximately US$230 billion in gross merchandise volume. In a separate report from June 2022, Statista's forecasts emphasised significant growth in the ecommerce market across Asia, Australia, and the Americas. Notably, Singapore and Indonesia were highlighted as key players with projected increases of 36 and 34 percent, respectively, in their online sales. Recognising this potential, SATS and SingPost are poised to collaborate closely and leverage their combined expertise to address the evolving needs of ecommerce players. The MOU signifies the intent of both companies to jointly operate a state-of-the-art transhipment hub facility that aims to shorten delivery times and reduce operating costs and manpower. Under the MOU, SATS and SingPost have committed to providing equal shares of resources to engage operational and commercial consultants for business case formulation, explore synergies and facilitate trial runs to capture essential data for a feasibility study. The study will assess the operational viability and potential synergies for both entities, enabling the parties to leverage their respective strengths and resources effectively. The first joint operations trial which took place in February 2023, saw promising results with the potential to shorten cargo turnaround time by over 60%. This would allow for delivery periods between 1-3 days for items within Asia. The proposed transshipment hub aims to streamline cargo logistics workflows by eliminating the need for transport between SATS and SingPost facilities, minimising the reliance on traditional cargo vehicles and further optimising warehouse space. By combining their expertise and capabilities, the companies aim to create a seamless and efficient hub that will redefine the ecommerce industry in Singapore and the region. The MOU signing ceremony took place at SATS Inflight Catering Centre, symbolising the beginning of an exciting journey for both SATS and SingPost. Present at the ceremony were Bob Chi, CEO of SATS' Gateway Services division, and Li Yu, CEO of International Business, representing SingPost. Bob Chi, CEO of Gateway Services, SATS Ltd. said, "This partnership marks a significant milestone for both companies, representing an innovative approach that combines our strengths and expertise. Together, we aim to drive operational excellence, achieve cost reductions, and elevate the overall customer and partner experience. Moreover, this collaborative effort will not only benefit ecommerce players but also reinforce Singapore's position as a prominent regional hub for ecommerce logistics." Li Yu, CEO of International, SingPost, said, "At SingPost, we constantly look at forging deeper industry partnerships to expand our eCommerce supply chains across Asia Pacific. The combined scale of SATS and SingPost will unlock seamless eCommerce flows into, within and out of Asia, building on strategically located hubs in Singapore, and in time to come, Hong Kong and Europe. We are poised to shorten delivery times and advance our logistics solutions, providing enhanced customer experience across the region." About SATS Group SATS Ltd. (SATS) is a global leader in gateway services and Asia's pre-eminent provider of food solutions. Using innovative food technologies and resilient supply chains, we create tasty, quality food in sustainable ways for airlines, foodservice chains, retailers, and institutions. With heartfelt service and advanced technology, we connect people, businesses, and communities seamlessly through our comprehensive gateway services for customers such as airlines, cruise lines, freight forwarders, postal services and eCommerce companies. Fulfilling our purpose to feed and connect communities, SATS delights customers in over 201 locations and 23 countries across the Asia Pacific, UK, Europe, the Middle East and the Americas. SATS has been listed on the Singapore Exchange since May 2000. For more information, please visit www.sats.com.sg. About Singapore Post Limited (SingPost) Singapore Post (SingPost) is a leading postal and eCommerce logistics provider in Asia Pacific. The portfolio of businesses spans from national and international postal services to warehousing and fulfilment, international freight forwarding and last mile delivery, serving customers in more than 220 global destinations. Headquartered in Singapore, SingPost has over 4,900 employees, with offices in 13 markets worldwide. Since its inception in 1858, the Group has evolved and innovated to bring about best-in-class integrated logistics solutions and services, making every delivery count for people and planet. www.singpost.com
AUCKLAND, New Zealand, July 4, 2023 /PRNewswire/ -- Comvita Limited (NZX:CVT) today announced that they have acquired specialist honey retailer HoneyWorld Singapore and its consumer brands. David Banfield, CEO Comvita and Pearline Goh, Founder and Director, HoneyWorld Singapore at Comvita and HoneyWorld Singapore signing ceremony. HoneyWorld is the largest Mānuka honey retailer in Singapore and represents a highly strategic acquisition into a business that is the market leader in core Comvita categories in one of Asia's premium growth markets. Combined with their existing business in this market Comvita's market share in the Mānuka honey category in Singapore will be around 50%. Together, Comvita and HoneyWorld have identified incremental opportunities to further grow household penetration and share of the category in this important market over time. This acquisition will be immediately accretive to Comvita with a HoneyWorld forecasted 24% increase in return on capital employed (ROCE) once integrated. For the Comvita group this acquisition is forecast to deliver a 22% improvement in EPS. HoneyWorld is forecasting revenue in FY24 of over SG$13M (NZ$15.85M). The acquisition is to be debt funded. Comvita CEO David Banfield said, "This agreement represents a highly strategic opportunity for Comvita to acquire a high-quality business that is the market leader in Singapore. We are achieving strong results in our other retail stores in markets throughout Asia and are delighted to add HoneyWorld's renowned capability and influence to the Comvita family. We are also pleased to have retained the services of its founder Pearline Goh, adding more talent to our business. We see strong demand in Asian markets and with this acquisition we will gain further market share and importantly, accelerate delivery of our FY25 target of $50M EBITDA." Pearline Goh, Founder and Director of HoneyWorld commented, "We are thrilled to be part of the Comvita family, as we share a vision of being a premium wellness and lifestyle brand. As customers become more discerning, we see Comvita's scale and ability to introduce quality natural products backed by world-class scientific know-how as being sustainable and important." HoneyWorld was founded in 1997 and operate 18 outlets in the Singapore market with a loyal consumer following and are poised for significant growth. Comvita will supply the HoneyWorld own brands in store as well as grow the Comvita Mānuka brand and range. Comvita is very excited to be working with the HoneyWorld team and customers will continue to see the same people on their daily honey shopping.
Businesses can now access data-led insights in change management to improve accuracy, lower cost, and reduce risk of software failure SYDNEY, July 4, 2023 /PRNewswire/ -- Basis Technologies, the software company helping the world's best performing organizations unlock their full potential with SAP, has bolstered its product suite with the launch of ActiveDiscover. With businesses needing to innovate faster, stay agile and seize opportunities for growth, ActiveDiscover provides actionable insights to understand the impact of change in the complex world of SAP, helping improve accuracy, lower cost and eliminate risk. Businesses can now understand, ahead of time, key considerations such as dependencies, required resources, testing effort and technical debt, enabling more effective decision-making at each stage and at every level. According to industry figures*, more than half of software projects (53%) cost more than double their original estimates, almost half (48%) do not deliver anticipated business value and a similar percentage are delivered late. Built to work in tandem with its change automation product ActiveControl, which is trusted by enterprise brands such as Honda, John Deere, Vistaprint and Ericsson, ActiveDiscover has already helped clients to achieve tangible business benefits during Beta testing, with early adopters including household name manufacturing and technology leaders. These benefits include more than 90% more accurate project estimations, a reduced risk of delays and greater identification of complexity saving businesses time, money and resource while reducing the risk of disruption that directly harms business operations. "Armed with real-time insights from ActiveDiscover, clients are empowered to embrace every change, no matter how large or small. Our latest tool enables organizations to achieve the elusive trio of higher quality deliverables and faster delivery at a lower cost, empowering CIO's agendas by helping businesses to embark on change programmes with confidence", said Martin Metcalf, CEO at Basis Technologies. "This is a milestone moment for our company, allowing us to support clients across the entire lifecycle of change in an increasingly competitive landscape. If businesses are to unlock their full potential with SAP, tools like ActiveDiscover are not only necessary, but crucial for success." "ActiveDiscover allows SAP teams to act on the impact changes will have on objects across multiple SAP systems and instances", said Robert Holland, Vice President and Research Director at SAPinsider. "For organizations running complex SAP landscapes that include significant customization, this allows for an improved understanding when rolling out updates. Having this knowledge as early as possible has the potential to ensure a more effective change process that reduces the likelihood of unexpected costs and failures, and maximises the business value." Poor software quality costs US organisations $2.08 trillion per year, with operational software failure the leading cost contributor, estimated at $1.56 trillion**. By understanding the impact of change, businesses are able to identify security concerns, uncover technical debt and change sinkholes, increase awareness of early deployment hazards and clarify and validate effort estimations. George Apostolakis, Chief Product Officer at Basis Technologies, added: "We know that SAP represents the crown jewels for businesses across the world. Navigating the complex processes of SAP systems can be daunting, but with ActiveDiscover, you can confidently make informed decisions through comprehensive insights into the impact of every change, to ensure SAP change decisions are based on information not intuition." For more information, visit www.basistechnologies.com Notes to editors * The Most Surprising Software Project Failure Statistics And Trends in 2023 • GITNUX ** Consortium for Information & Software Quality (CISQ) (2022) About Basis Technologies Basis Technologies is trusted by the world's best-performing organizations to unlock their full potential with SAP. Our industry-leading solutions help businesses drive transformation with confidence, achieving the freedom to outpace competitors while safeguarding critical systems that maintain business continuity. We help the likes of P&G, Honda, Boeing, and Booking.com lead the way by bringing actionable insights and automation to SAP change. Logo - https://mma.prnasia.com/media2/2146230/Active_Discover_Logo.jpg?p=medium600
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