ALIPAY+, PAYNET FORGE TIES TO PROMOTE SEAMLESS PAYMENT FOR MALAYSIAN TRAVELLERS

KUALA LUMPUR, Aug 30 (Bernama) -- Ant Group has recently signed a Memorandum of Understanding (MoU) with Payments Network Malaysia Sdn Bhd (PayNet) to expand cross-border payments acceptance at 1.8 million merchants in Malaysia with five leading Asian e-wallets as the first batch, and more to come in the following months.

According to a statement, this partnership with PayNet is enabled via Ant Group’s global cross-border digital payments and marketing solutions, Alipay+, to promote seamless payment for inbound and outbound Malaysian travellers.

By year-end, users of five leading Asian e-wallets, including AlipayHK (Hong Kong SAR), GCash (the Philippines), Kakao Pay (South Korea) and TrueMoney (Thailand), will be able to use cashless payments when they travel to Malaysia with Alipay+, by scanning DuitNow QR, Malaysia's National QR Standard operated by PayNet.

General Manager of Alipay+ Offline Merchant Services at Ant Group, Dr Cherry Huang said the collaboration with PayNet is a significant development for regional travellers.

“We are jointly making efforts to bring local businesses and international visitors closer together, offering not just convenience to tourists but greater opportunities and visibility for Malaysian businesses,” she said.

Meanwhile, PayNet Chief Commercial Officer, Gary Yeoh said the partnership between PayNet and Alipay+ was forged at a vital time when overseas travel and tourism have fully resumed, and rapidly increasing.

“Consumers and merchants in both countries who are already accustomed to digital payments expect the same seamless and hassle-free experience when travelling overseas. They also expect this to be conducted at competitive exchange rates. This collaboration will address both these needs,” he added.

The partnership will enable all Malaysian e-wallets supported by PayNet to be accepted by Alipay+ merchants network globally in 2024.

Beyond payments, Ant Group and PayNet will also collaborate on joint digital marketing efforts to enhance visibility of businesses directly within the users’ e-wallets.

-- BERNAMA

Roaming Fraud Losses Reach US$8 Bln By 2028 - Juniper Research

 

Source: Juniper Research

KUALA LUMPUR, Aug 29 (Bernama) -- A new study from Juniper Research has found losses from global roaming fraud are anticipated to exceed US$8 billion by 2028, driven by the increase in bilateral roaming agreements for data-intensive use cases over 5G networks. (US$1=RM4.65)

In turn, it predicts fraudulent data traffic will account for 80 per cent of global operator roaming-based losses by 2024, according to Juniper Research in a statement.

As 2G and 3G networks are sunsetting, operators are accelerating the transition to 5G and VoLTE roaming services to leverage the high levels of virtualisation and lower operational costs.

However, the highly virtualised nature of 5G networks is creating more opportunities for fraudsters to deploy their attacks; leaving operator networks open to emerging fraud tactics over 5G networks.

As bilateral 5G roaming agreements proliferate, the research predicts operators will deploy more sophisticated fraud mitigation tools.

The greater amount of data that 5G roaming connections generate will require the development of solutions that can detect fraudulent users and traffic over new 5G networks as they evolve.

An example is the rise in 5G subscription fraud, whereby fraudsters create new subscriptions with false information; incurring roaming charges without intending to pay. Until the subscription is cancelled, fraudsters will continue anonymously using 5G roaming data, with operators losing potential roaming revenue.

Fraud mitigation services will alert operators of any potentially fraudulent activity across 5G networks in real‑time and enable them to identify and block suspicious roaming subscribers, enabling operators to minimise fraudulent activity; reducing the impact on their roaming revenue.

-- BERNAMA

ISETAN MITSUKOSHI HOLDINGS AND NOMURA REAL ESTATE DEVELOPMENT HOLD GRAND OPENING CEREMONY ON JULY 21 FOR "MITSUKOSHI BGC," COMMERCIAL FACILITY IN MANILA, PHILIPPINES

TOKYO, Aug. 29, 2023 /Kyodo JBN-AsiaNet/ --

Isetan Mitsukoshi Holdings Ltd. and Nomura Real Estate Development Co., Ltd., both based in Tokyo, held a grand opening ceremony on July 21 for "MITSUKOSHI BGC," a shopping mall constituting part of a large-scale, mixed-use residential and commercial development project being pursued in partnership with leading Philippine developer Federal Land, Inc., in Manila, Philippines.   Images: https://kyodonewsprwire.jp/release/202308238345?p=images   The ceremony was held in an atmosphere with a touch of Japan's seasonal festival "matsuri." The event included a performance of Japanese drums as well as a performance of Japanese calligraphy. Based on the concept of "NEXT MANILA LIFESTYLE," MITSUKOSHI BGC will continue striving to make the mall a place that enriches daily lives of visitors and residential tower residents.   Grand opening remarks - Toshiyuki Hosoya, Director, President and CEO, Isetan Mitsukoshi Holdings "I would like to express my deepest gratitude to everyone for their efforts in this project. This year marks the 350th anniversary of Mitsukoshi. Since its founding in 1673, Mitsukoshi has continued innovation to enrich daily lives of our customers. Our policy is characterized by two features: hospitality (customer-first principle) and partnership (win-win relationship), and in the Philippines, we will maintain this business philosophy for our customers and business partners. I am certain that a new sensation takes hold as you visit MITSUKOSHI BGC after enjoying a shopping experience at Mitsukoshi and Isetan department stores in Japan. I hope you will share our belief that we are proposing a culture, not products."   - Eiji Kutsukake, Chair and Director of Nomura Real Estate Holdings, Inc. "We participated in this project as I was fascinated by the encounter in 2015 with Mr. Alfred V. Ty and his passion for the project as well as the growing power of the Philippines, and we have worked on the project with a belief that our knowledge and know-how cultivated in Japan can be applied overseas. I am pleased with this project in the Philippines; for example, we finally held a grand opening ceremony after eight years of effort; we won multiple awards for our residential project in the last few years; sales of the last residential tower started and are progressing steadily. We will endeavor to enable MITSUKOSHI BGC to establish a unique position as a Japanese entity, to gain familiarity among locals, and to contribute extensively to the development of BGC and other areas across the Philippines."   For more details about grand opening activities, visit: https://kyodonewsprwire.jp/attach/202308238345-O1-36DZHKvB.pdf   About the facility: https://kyodonewsprwire.jp/attach/202308238345-O2-aD3QY6Li.pdf   Official websites Isetan Mitsukoshi Holdings: https://www.imhds.co.jp/en/index.html   Nomura Real Estate Development: https://www.nomura-re.co.jp/english/     Source: Isetan Mitsukoshi Holdings Ltd., Nomura Real Estate Development Co., Ltd.   http://mrem.bernama.com/viewsm.php?idm=46854

TOSHIBA DEVELOPS INDUSTRY'S FIRST 2200V DUAL SILICON CARBIDE(SIC) MOSFET MODULE THAT CONTRIBUTES TO HIGH EFFICIENCY AND DOWNSIZING OF INDUSTRIAL EQUIPMENT

^{Toshiba: MG250YD2YMS3, the industry's first 2200V dual silicon carbide(SiC) MOSFET module. (Graphic: Business Wire)}


KAWASAKI, Japan, Aug 29 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has developed “MG250YD2YMS3,” the industry’s first^[1] 2200V dual silicon carbide (SiC) MOSFET module for industrial equipment. The new module has a drain current (DC) rating of 250A and uses the company’s third generation SiC MOSFET chips. It is suitable for applications that use DC1500V, such as photovoltaic power systems and energy storage systems. Volume shipments start today.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230828128640/en/

 

Industrial applications like those mentioned above generally use DC1000V or lower power, and their power devices are mostly 1200V or 1700V products. However, anticipating widespread use of DC1500V in coming years, Toshiba has released the industry’s first 2200V product.

MG250YD2YMS3 offers low conduction loss with a low drain-source on-voltage (sense) of 0.7V (typ.)^[2]. It also offers lower turn-on and turn-off switching loss of 14mJ (typ.)^[3] and 11mJ (typ.)^[3] respectively, an approximately 90% reduction^[4] against a typical silicon (Si) IGBT. These characteristics contribute to higher equipment efficiency. Realizing low switching loss also allows the conventional three-level circuit to be replaced with a two-level circuit with a lower module count, contributing to equipment miniaturization.

Toshiba will continue to meet the market needs for high efficiency and the downsizing of industrial equipment.

Notes:
[1] Among dual SiC MOSFET modules. Toshiba survey, as of August 2023.
[2] Test condition: I_D=250A, V_GS=+20V, T_ch=25°C
[3] Test condition: V_DD=1100V, I_D=250A, T_ch=150°C
[4] Toshiba comparison of switching loss for a 2300V Si module and MG250YD2YMS3, the new all SiC MOSFET module, as of August 2023 (performance values for the 2300V Si module is a Toshiba estimate based on papers published in or before March 2023.)

Applications
Industrial Equipment
- Renewable energy power generation systems (photovoltaic power systems, etc.)
- Energy storage systems
- Motor control equipment for industrial equipment
- High frequency DC-DC converter, etc.

Features

• Low drain-source on-voltage (sense):
  V_DS(on)sense=0.7V (typ.) (I_D=250A, V_GS=+20V, T_ch=25°C)
• Low turn-on switching loss:
  E_on=14mJ (typ.) (V_DD=1100V, I_D=250A, T_ch=150°C)
• Low turn-off switching loss:
  E_off=11mJ (typ.) (V_DD=1100V, I_D=250A, T_ch=150°C)
• Low stray inductance:
  L_sPN=12nH (typ.)

Follow the link below for more on the new product.

MG250YD2YMS3

Follow the link below for more on Toshiba’s SiC Power Devices.
SiC Power Devices

* Company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.
The company's 21,500 employees around the world share a determination to maximize product value, and promote close collaboration with customers in the co-creation of value and new markets. With annual sales approaching 800-billion yen (US$6.1 billion), Toshiba Electronic Devices & Storage Corporation looks forward to building and to contributing to a better future for people everywhere.
Find out more at https://toshiba.semicon-storage.com/ap-en/top.html

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230828128640/en/


Contact

Customer Inquiries:
Power Device Sales & Marketing Dept.
Tel: +81-44-548-2216
Contact Us

Media Inquiries:
Chiaki Nagasawa
Digital Marketing Dept.
Toshiba Electronic Devices & Storage Corporation
semicon-NR-mailbox@ml.toshiba.co.jp

Source : Toshiba Electronic Devices & Storage Corporation

VAHANNA TECH EDGE ACQUISITION I CORPORATION ANNOUNCES SHAREHOLDER APPROVAL OF BUSINESS COMBINATION WITH ROADZEN, INC. ON AUGUST 25, 2023

NEW YORK, Aug 29 (Bernama-GLOBE NEWSWIRE) -- Vahanna Tech Edge Acquisition I Corp. (Nasdaq: VHNAU, VHNA, VHNAW) (“Vahanna”), a publicly traded special purpose acquisition company, and Roadzen, Inc. (“Roadzen” or the “Company”), a global insurance technology company on a mission to transform global auto insurance powered by advanced AI, today announced that their previously announced business combination (the "Business Combination") was approved at a special meeting of shareholders (the "Special Meeting") of Vahanna on August 25, 2023. Approximately 83% of the votes cast at the Special Meeting were in favor of the Business Combination.

Subject to the satisfaction of customary closing conditions, the transaction is expected to close in September 2023. The combined company will be renamed Roadzen Inc. (the “Combined Company”), and its shares and warrants are expected to begin trading on Nasdaq under the symbols “RDZN” and “RDZNW”, respectively, one day following the closing date.

Commenting on today’s announcement, Steve Carlson, who will serve as Chairman of Roadzen following the closing of the Business Combination, said, “With the world eagerly anticipating advanced AI applications, Roadzen is carving its path as a vertical AI pioneer, reshaping the $800-billion auto insurance industry. We believe that the company and its vertical AI narrative will remain captivating for years ahead. Roadzen's journey highlights rapid growth, solid foundations, and groundbreaking technology—all under the guidance of a visionary CEO and a stellar global team. As Roadzen cements its leadership in AI, mobility and insurance, we're thrilled to be listing this extraordinary company on Nasdaq.”

ABOUT VAHANNA

Vahanna Tech Edge Acquisition I Corp. is a blank check company incorporated on April 22, 2021 as a British Virgin Islands business company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

ABOUT ROADZEN

Roadzen is a leading insurance technology company on a mission to transform global auto insurance powered by advanced AI. Thousands of clients - from some of the world’s leading insurers, fleets and carmakers to small fleets, brokers and insurance agents - use Roadzen’s technology to build new products, sell insurance, process claims and improve road safety. Roadzen’s pioneering work in telematics and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune and Financial Express. Roadzen has 400 employees across its global offices in the US, India, UK and France.

For materials and information, visit https://www.vahannatech.com/ for Vahanna and https://www.roadzen.io/ for Roadzen.

FORWARD-LOOKING STATEMENTS

Certain statements, estimates, targets and projections in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or Vahanna’s or Roadzen’s future financial or operating performance. For example, statements regarding anticipated growth in the industry in which Roadzen operates and anticipated growth in demand for Roadzen’s services, projections of Roadzen’s future financial results and other metrics, the satisfaction of closing conditions to the proposed business combination and the timing of the completion of the proposed business combination are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “pro forma”, “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Vahanna and its management, and Roadzen and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of subsequent definitive agreements with respect to the proposed business combination; (ii) the outcome of any legal proceedings that may be instituted against Vahanna, Roadzen, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (iii) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of Vahanna or Roadzen; (iv) the inability of Roadzen to satisfy other conditions to closing; (v) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (vi) the ability to meet stock exchange listing standards in connection with and following the consummation of the Business Combination; (vii) the risk that the proposed Business Combination disrupts current plans and operations of Roadzen as a result of the announcement and consummation of the Business Combination; (viii) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, the ability of the combined company to maintain relationships with customers, suppliers, labor unions and other organizations that have a role in the business of Roadzen and the ability of the combined company to retain its management and key employees; (ix) costs related to the Business Combination; (x) changes in applicable laws or regulations, including those affecting the industries in which the combined company will operate; (xi) the possibility that Roadzen or the combined company may be adversely affected by other economic, business, regulatory, and/or competitive factors; (xii) Roadzen’s estimates of expenses and profitability; (xiii) the evolution of the markets in which Roadzen competes; (xiv) the ability of Roadzen to implement its strategic initiatives and continue to innovate its existing offerings; (xv) the ability of Roadzen to satisfy regulatory requirements; (xvi) the impact of the COVID-19 pandemic on Roadzen’s and the combined company’s business; and (xvii) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Vahanna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on April 14, 2023 (as amended by Amendment No. 1 thereto filed on April 27, 2023), and other risks and uncertainties indicated from time to time in the definitive proxy statement delivered to Vahanna’s shareholders and related registration statement on Form S-4, including those set forth under “Risk Factors” therein, and other documents to be filed with the SEC by Vahanna.

Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Vahanna nor Roadzen undertakes any duty to update these forward-looking statements.

Contact:

Investor Contacts:
Roadzen: Raghav Kansal (raghav@roadzen.io)
ICR: Michael Bowen & Dhruv Chopra (RoadzenIR@ICRinc.com)
Vahanna: Raahim Don (raahim@vahanna.com)

Media Contacts:
Roadzen: Sanya Soni (sanya@roadzen.io)
ICR: Edmond Lococo (RoadzenPR@ICRinc.com) 

SOURCE : Roadzen Inc

Toshiba Launches 600V Small Intelligent Power Devices

 

Toshiba: 600V small intelligent power devices for brushless DC motor drives. (Graphic: Business Wire)

KUALA LUMPUR, Aug 24 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched two 600 volt (V) small intelligent power devices (IPD) for brushless DC motor drive applications such as air conditioners, air cleaners and pumps.

According to Toshiba in a statement, volume shipments of “TPD4163F” and “TPD4164F”, which have output current (DC) ratings of 1A and 2A, respectively, have started.

Both new products are housed in a surface mount type HSSOP31 package, which reduces the mounting area by approximately 63 per cent against Toshiba’s previous products, making smaller motor drive circuit boards possible, and also reducing the height of the motor.

As power supply voltage may fluctuate significantly in regions with unstable power supply, the voltage has been increased from the 500V of Toshiba’s previous products to 600V, which improves reliability.

A “Reference Design for Sensorless Brushless DC Motor Drive Circuit” that utilises the functions of the new TPD4164F with a TMPM374FWUG microcontroller with vector control engine is available on Toshiba’s website.

Toshiba will continue to expand its product line-up for energy-saving motor controls with various packages and improved device characteristics that contribute to design flexibility and carbon neutrality.

-- BERNAMA

ARM FILES FOR LISTING ON NASDAQ

KUALA LUMPUR, Aug 22 (Bernama) -- Arm Holdings Limited (Arm) announced it has publicly filed a registration statement on Form F-1 with the United States (US) Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of American depositary shares (ADSs) representing its ordinary shares.

In a statement, Arm said it has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.

However, the number of ADSs to be offered and the price range for the proposed offering have yet to be determined.

Raine Securities LLC is acting as financial advisor in connection with the proposed offering, while Barclays, Goldman Sachs & Co LLC, J.P. Morgan and Mizuho are acting as joint book-running managers for the proposed offering.

Building the future of computing, Arm’s energy-efficient processor designs and software platforms have enabled advanced computing in more than 250 billion chips, while its technologies securely power products from the sensor to the smartphone and the supercomputer.

-- BERNAMA

AM BEST AFFIRMS CREDIT RATINGS OF KOREA P&I CLUB

HONG KONG, Aug 18 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Korea P&I Club (KP&I or the Club) (South Korea). The outlook of these Credit Ratings (ratings) is stable. 

The ratings reflect KP&I’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the wide range of support that the Club receives from the South Korean government. 

KP&I’s risk adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy ratio (BCAR), and it is expected to remain at that level over the intermediate term. The Club’s balance sheet strength is underpinned by its low underwriting leverage and a highly conservative investment portfolio. 

Despite various underwriting initiatives, KP&I’s underwriting performance remained deteriorated and volatile in recent years following changes in its reinsurance structure, with higher net retention and a loss-sensitive commission scheme on proportional treaties, after a large loss in 2019. Nevertheless, KP&I has implemented stronger and more direct mitigation actions, such as general premium increases, non-renewal of historically unprofitable policies, as well as further enhancing terms in major programmes, AM Best expects the Club’s underwriting fundamentals and profit volatility to improve over the coming years.  

http://mrem.bernama.com/viewsm.php?idm=46794

Agila Subic Strengthens Tenant Base Via Subcom’s New Facility In Subic Bay Shipyard

KUALA LUMPUR, Aug 17 (Bernama) -- Agila Subic Compass (Agila Subic) announced that SubCom, a global leader in subsea fibre optic cables, has entered into a multi-year lease at the Subic Bay shipyard for its new forward deployment centre.

“This partnership with SubCom adds a global leader in the digital infrastructure sector to our strong tenant base. SubCom’s subsea fibre optic network business will bring specialised knowledge and technology to the region, along with various other benefits.

“We are proud to be part of the Subic Bay community and support in driving economic activity locally,” said Agila Subic General Manager, Mark Millan in a statement.

Meanwhile, SubCom Vice President of Marine & Network Construction, Chris Carobene said the establishment of this new forward deployment centre in the Philippines is an exciting initiative for SubCom.

“The strategic expansion will enhance our global operational capabilities as well as strengthen our responsiveness to our customers’ needs,” he added.

This new partnership is aligned with Agila Subic’s long-term commitment to the revitalisation of the shipyard into a multi-use facility. The addition of SubCom expands the shipyard’s base of high-quality tenants across various industries, now including digital infrastructure.

Agila Subic’s tenants help to promote economic activity, drive job generation in the Subic Bay region, and support the local ecosystem in their respective sectors.

SubCom’s new facility at the shipyard will support its worldwide operations and serve as a logistical staging area for subsea cable projects, and the expansion will enable the company to better serve its global customers and increase the operational efficiency of its cable ship fleet.

Operated by Agila Subic, the shipyard in Subic Bay, the Philippines is a multi-use facility that supports shipbuilding, telecommunications, warehousing and logistics, partnering global organisations across diverse sectors and promotes exports, economic activity, investment and job creation in Subic Bay and surrounding region.

-- BERNAMA

HENRY GOLDING INVITED BY HONG KONG TOURISM BOARD TO UNCOVER CITY'S HIDDEN GEMS

KUALA LUMPUR, Aug 17 (Bernama) -- The Hong Kong Tourism Board (HKTB) invited international actor Henry Golding to embark on an exhilarating trip in Hong Kong, this summer.

Golding, who rose to fame in 2018 starring in Crazy Rich Asians, explored and recommended popular attractions and hidden gems in the city to global audience, through his perspective.

“Hong Kong has truly captured my heart. What I love most about the city is the pure diversity. Everybody says Hong Kong is such a melting pot of all of Asia, and it truly is.

“Every corner, every moment on the street is such a mix of old and new, from the buildings to the people, and to all walks of life. Hong Kong is so unique and unlike elsewhere of the world,” said the Malaysian English superstar about re-visiting the energetic city.

Embarking from the comfort of his hotel suite overseeing the breathtaking skyline of Victoria Harbour, Golding blazed through Hong Kong's iconic landmarks and hidden treasures in a flash, all within his tightly packed schedule.

According to HKTB in a statement, he embraced the diverse array of experiences that Hong Kong has to offer, indulging in delectable meals at luxurious restaurants, as well as immersing himself in the city's rich cultural heritage at temples and traditional barber shops.

As Golding ventured, he engaged in heartfelt exchanges with the locals, eagerly shared his reflections on the trip and invited travellers to uncover the off-the-beaten-path gems and unique offerings that make Hong Kong an unforgettable destination.

-- BERNAMA

PHISHING REMAINS MOST DOMINANT INTERNET CRIME - CLOUDFLARE

KUALA LUMPUR, Aug 16 (Bernama) -- Cloudflare Inc has released its inaugural 2023 Phishing Threats Report highlighting that phishing remains the most dominant and fastest growing Internet crime, largely due to the ubiquity of email and the ceaseless issue of human error that is preyed upon by today’s threat actors.

Its Chief Executive Officer (CEO), Matthew Prince said phishing is an epidemic that has permeated into the farthest corners of the Internet, preying on trust and victimising everyone from CEOs to government officials to the everyday consumer.

“Email messages and malicious links are nefarious partners in crime when it comes to the most common form of Internet threats.

“Organisations of all sizes need a Zero Trust solution that encompasses email security - when this is neglected, they are leaving themselves exposed to the largest vector in today's threat landscape,” he said in a statement.

While business email compromise (BEC) losses have topped US$50 billion, corporate organisations are not the only victims that attackers are after, as the real implications of phishing go beyond Fortune 500’s and global companies, extending to small and local organisations as well as the public sector. (US$1=RM4.64)

Regardless of an organisation's size, industry or sector, the report revealed that threat actors who leverage phishing campaigns have two major objectives, which are to achieve authenticity and legitimacy in the eyes of the victim, and to persuade victims to engage or click.

These objectives are underscored by the key findings of the report, including malicious links were the most prevalent threat category, comprising 35.6 per cent of detected threats while, one-third (30 per cent) of detected threats featured newly registered domains, were the second most common threat category.

Other findings indicated that identity deception threats are on the rise. Attackers posed as more than 1,000 different organisations in over one billion brand impersonation attempts, with Microsoft, one of the most trusted software companies, being the most impersonated brand.

The report is a culmination of data intelligence and security trends gathered from the 112 billion threats, with an evaluation on more than 279 million email threat indicators, 250 million malicious messages, over one billion instances of brand impersonation, and other data points gathered from approximately 13 billion emails processed between May 2022 to May 2023.

Additionally, this report is informed by a Cloudflare-commissioned study conducted by Forrester Consulting, in which it surveyed 316 security decision-makers across North America, Europe, the Middle East and Africa, and Asia Pacific about the state of phishing, between January 2023 and February 2023.

-- BERNAMA

TENCATE PROTECTIVE FABRICS TO UNVEIL NEXT-GEN FIRE SERVICE OUTER SHELL AT 2023 AFAC

KUALA LUMPUR, Aug 15 (Bernama) -- TenCate Protective Fabrics, a global leader in protective textile technology, has announced the Asia Pacific (APAC) launch of its groundbreaking fire service outer shell, PBI Peak5, at the AFAC emergency response conference in Brisbane, Australia on Aug 22.

Its Vice President of Global Strategy and Innovation, Michael Laton said PBI Peak5 represented a significant leap in protective fabric technology for the fire service industry.

“We are thrilled to launch this groundbreaking outer shell in the APAC region, where the demand for high-performance firefighting gear is ever present,” he said in a statement.

Recognised as a must-see event for the Australian / New Zealand fire and emergency services industry, the 2023 AFAC conference serves as the ideal platform for the flame-resistant textile maker to introduce PBI Peak5 to key stakeholders, experts and industry professionals in the APAC region.

The primary highlight of PBI Peak5 is its lightweight 180 grams per square metre (gsm) construction which delivers increased levels of comfort and manoeuvrability for firefighters.

Moreover, the integration of patented Enforce technology enhances its strength, making PBI Peak5 extremely durable.

Engineered to meet the specific needs of emergency response professionals, PBI Peak5 sets new benchmarks for lightweight comfort, flexibility and unparallelled durability.

TenCate Protective Fabrics representatives will be present at the Brisbane conference to showcase the new outer shell and provide insights into the advanced technology behind its development.

-- BERNAMA

Evident Commits To Deliver World-class Solutions With New CEO, COO Appointments

KUALA LUMPUR, Aug 15 (Bernama) -- Evident Corporation (Evident) has appointed William Wesley “Wes” Pringle as Chief Executive Officer (CEO) and Hiroyuki Yoshimoto as President and Chief Operating Officer (COO).

Effective immediately, Pringle takes over from Evident’s interim CEO Eric Anderson, according to the company in a statement.

With an impressive 30-year career driving growth and business transformation across a variety of industries, Pringle ran several companies for Danaher including Fluke Corporation (a global test and measurement leader), which he led for almost 10 years, prior to joining Evident.

“I am honoured to join Evident and help lead this 100-year-old business through a new phase of growth. By unleashing the passion and talents of this organisation, I believe we can deliver exceptional growth and market changing innovations for our customers,” said Pringle.

Meanwhile, an experienced leader with a proven track record of leading global companies headquartered in Japan and the United States, Yoshimoto had several senior leadership roles at global manufacturing companies such as Nissan Motor Corporation Group, prior to joining Evident.

Yoshimoto said: “By working as one team, I am convinced that Evident can create sustainable growth while continuing its mission of pioneering innovations that make society healthier and safer.

“Our commitment to ensuring customer satisfaction, along with fostering strong relationships with business partners and stakeholders will be the cornerstone of our progress.”

With this new leadership team, Evident will realise its next chapter by further strengthening its commitment to delivering world-class solutions to its customers.

-- BERNAMA

TDCX INC. TO REPORT SECOND QUARTER 2023 RESULTS

SINGAPORE, Aug 11 (Bernama-BUSINESS WIRE) -- TDCX Inc. (“TDCX” or the “Company”) (NYSE: TDCX), an award-winning digital customer experience solutions provider for innovative technology and other blue-chip companies, plans to announce its second quarter unaudited financial results on August 23, 2023, U.S. Eastern Time, after the U.S. market closes.

On that day, the TDCX senior management will host a conference call to discuss the unaudited financial results.

A live webcast of this conference call will be available on the TDCX website. Access information on the conference call and webcast is as follows:
 

Date and time:		August 23, 2023, 8:30 PM (U.S. Eastern Time) August 24, 2023, 8:30 AM (Singapore / Hong Kong Time)
Webcast link:		https://events.q4inc.com/earnings/TDCX/Q2-2023
Dial in numbers:		U.S. Toll Free: +1 833 470 1428	U.S. (Local): +1 404 975 4839
		Singapore: +65 3158 0255	Hong Kong: +852 5803 6418
		UK Toll Free: +44 808 189 6484	All others: Dial In numbers
Participant Access Code:465393

A replay of the conference call will be available at TDCX’s investor relations website (investors.tdcx.com). An archived webcast will be available at the same link above.

About TDCX Inc.

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint. It serves clients in fintech, gaming, technology, travel and hospitality, digital advertising and social media, streaming and e-commerce. TDCX’s expertise and strong footprint in Asia has made it a trusted partner for clients, particularly high-growth, new economy companies, looking to tap the region’s growth potential.

TDCX’s commitment to delivering positive outcomes for our clients extends to its role as a responsible corporate citizen. Its Corporate Social Responsibility program focuses on positively transforming the lives of its people, its communities and the environment.

TDCX employs more than 18,400 employees across 30 campuses globally, specifically in Brazil, Colombia, Hong Kong, India, Japan, Malaysia, Mainland China, Philippines, Romania, Singapore, South Korea, Spain, Thailand, Türkiye, and Vietnam. For more information, please visit www.tdcx.com.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230810994022/en/

Contact

For enquiries:
Investors / Analysts: Jason Lim, lim.jason@tdcx.com
Media: Eunice Seow, eunice.seow@tdcx.com

Source : TDCX INC.

DUCK CREEK EXPANDS TO INDIAN MARKET OFFERING GLOBAL CORE TECHNOLOGY PLATFORM

KUALA LUMPUR, Aug 10 (Bernama) -- Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, announced a historical milestone with its expansion into the Indian general insurance market.

Duck Creek Technologies India LLP now offers India-based insurers the ease, convenience and power of modern cloud-based Software-as-a-Service (SaaS), delivered as a full suite of capabilities or as stand-alone solutions.

With this expansion, Duck Creek reinforces its market commitment by establishing its data centre in India, supported by nearly 1,000 local employees, according to a statement.

“Duck Creek is truly excited to enter the Indian insurance market with our global solutions. We want to empower insurance companies in India with hyper-personalised insurance solutions that help customers buy or service insurance from any device and anytime,” said Duck Creek Technologies Managing Director APAC, Shaji Sethu.

In partnership with its first core systems full-suite India-based insurance customer, HDFC ERGO General Insurance Company Limited (HDFC ERGO), Duck Creek will deploy its intuitive, user-friendly and powerful solutions.

This is to empower HDFC ERGO to take new products to market faster and significantly improve their customers’ experience throughout the policy lifecycle and across the insurer’s entire portfolio.

In addition, Duck Creek's products and solutions will holistically bring a competitive advantage to HDFC ERGO across its entire system, portfolio and operations.

HDFC ERGO President and Chief Technology Officer, Sriram Naganathan said the partnership with Duck Creek Technologies India LLP is a crucial step towards unlocking the full potential of the company’s wide insurance solutions and enabling it to offer efficient delivery and more convenience for its customers.

Drawing on its experience supporting the world’s largest insurers and reinsurers, Duck Creek will offer its suite of SaaS-based core insurance delivery solutions to help Indian general insurers innovate and modernise their products and services.

-- BERNAMA

Cloudflare Bot Management Now On IBM Cloud Internet Services To Mitigate Malicious Bots

KUALA LUMPUR, Aug 9 (Bernama) -- Cloudflare Inc has announced that IBM Cloud Internet Services (CIS), has expanded its offering to include Cloudflare Bot Management, to help enterprises on the Enterprise Premier Plan address and combat the growing threat of malicious bot traffic.

According to a statement, Cloudflare and IBM Cloud have been working together since 2018, integrating Cloudflare application security and performance natively into IBM Cloud through IBM CIS, powered by Cloudflare.

CIS positions customers to configure their web and Internet applications to be protected against cyber threats including distributed denial-of-service (DDoS) attacks and data theft, while enhancing performance and reliability with load balancing, optimised routing and caching, and data exchange, as part of the CIS suite of capabilities.

Cloudflare Global Head of Channels and Alliances, Matt Harrell said: “Cloudflare and IBM Cloud Internet Services have been helping power the vast increase of Internet-facing business applications, and we are seeing more and more bot activity across the landscape.

“Malicious bots are part of this equation, posing significant risks and causing inefficiencies in business, from fraudulent transactions to fake attempts to make purchases.

“These malicious activities can deprive legitimate customers from making purchases and affect a business’ bottom line, not to mention potential larger risks of data loss. This is a further effort to protect operations at this critical level.”

Meanwhile, IBM Fellow and Chief Technology Officer, Cloud Security, Nataraj Nagaratnam said: “Both IBM and Cloudflare continue to have a mission of delivering solutions that will address costly security threats, without hindering Internet speed or business innovation.”

With Cloudflare Bot Management, businesses can be protected from targeted application abuse such as credential stuffing, inventory hoarding, carding abuse, and content scraping, as part of the complete Bot Management detection and mitigation offering.

Cloudflare Bot Management enables customers to identify malicious bots through effective machine learning; gain enhanced behavioural analysis of types of Internet traffic; and reduce risk through fingerprinting.

-- BERNAMA

Cellebrite Appoints Thomas E. Hogan as Executive Chairman of the Board

 

Seasoned Technology Leader to Partner with CEO Yossi Carmil to Further Company Growth and Strategic Priorities

TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug 9 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, announced today that proven industry veteran, Thomas E. Hogan has been appointed Executive Chairman of the Board.

Based in Austin, Texas, Hogan brings a remarkable 40+ year track record of exceptional shareholder returns, client impact, and employee growth. He has significant expertise in strategic M&A, sales and marketing, international operations, and talent acquisition and development. During his career Tom has led numerous acquisitions totally nearly $8B including marquis targets such as Mercury Interactive and Opsware. His career includes over a decade as both a private and publicly held software CEO as well as senior executive posts ranging from late stage private to mega-cap public companies.

“Tom’s experience will be invaluable as we scale Cellebrite, extend our market leading digital intelligence solutions, and ultimately enable justice across the globe. I am excited to partner closely with Tom as we navigate our next chapter of growth and global impact,” said Yossi Carmil, CEO, Cellebrite.

“I look forward to my new partnership with Yossi, Haim Shani and the entire Cellebrite board, and the talented men and women across Cellebrite, as we build upon the impressive momentum of the company. I am especially enthused about the mission-driven purpose of this organization and our opportunity to better equip law enforcement and judicial systems worldwide,” said Thomas E. Hogan, Executive Chairman of the Board.

Hogan previously served as chairman and CEO of Kony, Inc, President and CEO of Vignette (VIGN), executive vice president of sales and marketing for Hewlett Packard, executive vice president of software for HP, executive vice president of CSC, chief sales officer at Siebel Systems, and most recently as a Operating Managing Director at Vista Equity Partners. He has held numerous public and private board positions including directorships at Citrix, Gainsight, Pluralsight, Drift, Vignette, Kony, Vastera, and Inforte. Tom holds a Masters in Management from Northwestern University and a B.S. in Biomedical Engineering from the University of Illinois.

Cellebrite’s current non-executive chairman, Haim Shani, will remain an active member of the board. Haim will leverage his extensive experience as the former CEO of NICE, the former Director General of the Israel Ministry of Finance, and his current role as founder and general manager of Israel Growth Partners, to further strengthen contributions from the Cellebrite board.

“On behalf of the entire Cellebrite board, I am pleased to welcome Tom to the Cellebrite team. Getting to know Tom as the head of the search committee and working with Yossi the past four years, I believe their combined strengths deliver the best leadership team in the industry. While I am passing the torch of chairman duties to Tom, I will continue to contribute as an active member of the Cellebrite board and look forward to working closely with Tom and the Cellebrite management team as we continue our journey,” said Haim Shani, former Cellebrite chairman.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes.

Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Caution Regarding Forward-Looking Statements

This document includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include estimated financial information. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of the business of Cellebrite are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to develop technologically advanced solutions and successfully integrate with the software solutions used by customers; acceptance of solutions by customers; errors, failures, defects or bugs in solutions; a failure to maintain sales and marketing personnel productivity or hire, integrate and retain additional sales and marketing personnel; the impact of the global COVID-19 pandemic; the impact of competition on pricing and on Cellebrite’s market share; sub-optimal results from products due to misuse by customers; Cellebrite’s failure to maintain and enhance its reputation and brand; inaccuracy of the estimates of Cellebrite’s market opportunity and forecasts of market growth; changes to packaging and licensing models that adversely affect the ability to attract or retain customers; failure to manage future growth effectively; failure to introduce new solutions and add-ons; issues in the use of artificial intelligence resulting in reputational harm or liability; the need for additional capital to support the growth of Cellebrite’s business; a failure to maintain the security of operations and the integrity of software solutions; the impact of government budgeting cycles and appropriations, early termination, audits, investigations, sanctions and penalties; a decline in government budgets, changes in spending or budgetary priorities, or delays in contract awards; a failure to adequately obtain, maintain, protect and enforce Cellebrite’s intellectual property or infringement of the intellectual property rights of others; perceptions or court or regulatory decisions that Cellebrite’s solutions violate privacy rights; the use of solutions by customers in a way that is, or that is perceived to be, incompatible with human rights; failure to comply with laws regarding privacy, data protection and security, technology protection, sanctions, export controls and other matters; and other factors, risks and uncertainties set forth in the sections titled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Annual Report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments, or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.


Cellebrite Contacts

Media
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Andrew Kramer
VP, Investor Relations
Investors@cellebrite.com
+1 973.206.7760

A photo accompanying this announcement is available at 
https://www.globenewswire.com/NewsRoom/AttachmentNg/774b7b9d-8b12-4bd0-9ff6-ad1b46feb3e0



SOURCE : Cellebrite Inc.