Category: CyberSecurity

We need to talk about cybersecurity in hybrid IT

It is imperative to take the required measures and have the appropriate protections in any hybrid work environment due to the rise in the usage of personal devices for work, network access through insecure connections, and targeted phishing efforts. The danger of a breach will grow with the adoption of a hybrid working model, even with appropriate cybersecurity safeguards for remote workers in place.

Mr. Chito Jacinto, Vice President of ISOG and Board Member of ISACA Manila, gave some of his insights on growing cybersecurity in a hybrid environment. In our interview, he used the banking industry as an example of how organisational structures and accountability must adapt in order to scale up cybersecurity. As the most highly regulated business in the world, rising regulatory fragmentation can be seen not just from banking regulators but also from overall governmental authorities, making these institutions more exposed to cyber attacks. Mr. Jacinto advised that instead of a fragmented approach by concerned or operational units, a unified organisational or bank-wide strategy in response to cybersecurity-related requirements is required.

According to him, a hybrid workplace poses hazards since present IT infrastructures were not built to meet the demands of a hybrid workplace, let alone a totally remote operation. This creates a situation in which multiple users, including both hardware and software security technologies, are not under the authority of the organisation’s network.

Mr. Chito Jacinto will facilitate an EDXchange session at the DX Leaders Strategy Forum Philippines on August 24-25, 2022. To join his roundtable, invitations are requested at Request Invitation – DX – Philippines 2022 (edxevents.com) (https://philippines2022.edxevents.com/request-invitation/).

Cybercrime Investigation and Coordination Center (CICC) confirms as supporting partner for PhilSec 2022

While the Philippines needs to spend over $20 billion on cybersecurity between 2017 and 2025 to compare with the “global best-in-class countries”, its Cybercrime Investigation and Coordination Center (CICC) has signed up with Tradepass to strengthen the country’s biggest cybersecurity event – PhilSec 2022.

PhilSec 2022 will be held on 12 – 13 July 2022 at the Sofitel Philippine Plaza in Manila and will attract 600+ cybersecurity experts (in-person & virtual) including the Heads of Information Security, Risk, Compliance, Forensics and Cyber Law from the leading public and private enterprises across the Philippines.

CICC has joined as the supporting partner for PhilSec 2022 to attract the best participation and recognition for the summit that is aimed towards enriching the cybersecurity environment of the country to make it more cyber-resilient.

In an interview, following the partnership announcement, Dir. Panfilo Neore L. Salva, Jr. (Director, Administrative and Finance Office (AFO), CICC Executive Committee) expressed his appreciation for the summit organizer, “It is remarkable for Tradepass through this event PhilSec 2022 to acknowledge and pay tribute to our country’s cybersecurity experts and bestow honour upon their ground breaking work that has empowered and truly uplifted the entire Philippines cybersecurity landscape.”

He also appreciated the cybersecurity experts for participating at PhilSec 2022, he said, “To our country’s cybersecurity experts, let me congratulate on this very important gathering, your love for our country is best explained on this effort of yours to find time and to put your energy to this productive endeavour.”

Top organizations like Delinea, ARCON, Okta, Recorded Future, CrowdStrike, CyberArk, Rubrik, ExtraHop, BlueVoyant, Claroty, BeyondTrust, Synology, Tenable, Parasoft, Swimlane, CybersCool Defcon, Senhasegura, ThriveDX SaaS, DDLS, Netskope, Sangfor Technologies, Cyfirma, ION Management Solutions, Noname Security, IPV Network, Cyberint and Secuna will lead the summit and showcase their cutting-edge solutions at their exclusive exhibition booths.

Mr. Anand Kannabiran, Vice President Sales APAC, Delinea expressed his excitement regarding the summit, he commented, “We are honoured to deliver the first enterprise keynote of this year’s edition. Cyberthreats are at an all-time high, leveraging the shift towards hybrid working environments escalated by the pandemic, and organisations struggle to meet these new challenges. By also chairing the CISO panel on the opening day, we hope to help shed some light on the status of cybersecurity and possible solutions to reduce risk and address modern threats.”

The summit will power two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions with the leading thought leaders, live showcase of the best cybersecurity solutions and abundant networking opportunities.

For more information about the summit, log on to:
https://philsecsummit.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Aritrika Chakraborty
Aritrika Chakraborty
aritrikac@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Corinium Presents: CDAO Singapore

Corinium’s Chief Data & Analytics Officer (CDAO) Singapore gathers the region’s leading data and analytics executives to share their insights on developing the infrastructure, ecosystem, buy-in, culture and strategies to effectively harness data and AI as a strategic asset. It’s going to be a fantastic few days addressing the top challenges facing senior leaders, coming together as a data analytics community and driving the narrative on data progress and innovation.

For 2022 we are celebrating our sixth annual event by revealing the progress being made, offering insights and effective strategies to the challenges that remain.

CDAO Singapore 2022 will answer the critical question on how to operationalize gains already made and how to deliver tangible value to the business at scale.

Join us, 12-13 April, for two days of engaging discussions on how to effectively protect your organisation’s most valuable digital assets by adopting a practical Zero Trust approach, advancing your strategy through risk intelligence, strengthening your Data Privacy and Security framework, and scaling business.

2022 Key Themes

Future of Data: Governance, Privacy and Ethics:
Operationalising data governance to ensure security, privacy and the ethical use of data and AI.

Fuelling Data Innovation:
Being first-to-market with the right innovation approach – Building capability to respond to competitors, regulators and deliver for customers as an AI-powered and innovative organisation.

Shaping a Data-Informed Organisation:
Upskilling, adapting and evolving are key components of a resilient and progressive business strategy. Learn how organisations are enabling change through cross-functional, diverse, agile teams who excel in consulting and communication skills to grow effective decision makers, smart adopters and end-users of data.

Register Today!

Australia’s senior executives responsible for championing the data agenda will gather at CDAO Singapore 2022 to share insights on transformative leadership, data driven culture, developing high performing analytics teams, data literacy and effective governance of data and AI.

Focusing on the biggest challenges faced today to effectively harness data as a strategic asset, drive change and shape organisations to become analytically mature, business-driven enterprises that outperform their competitors.

For Further details regarding this event, visit our website: https://cdao-sg.coriniumintelligence.com/

You can contact us at: info@coriniumintel.com.

PhilSec 2022 Set to Discuss Strategies to Strengthen Philippines’ Cybersecurity

With 74 million active internet users, the Philippines has been constantly battling a rich state of cybercrime. So much so that the National Bureau of Investigation’s Cybercrime Division recorded a 200 percent increase in the phishing campaigns since the country went into lockdown in March 2020.

Taking heed from the situation, Tradepass has taken the initiative to host the 2nd edition PhilSec on 12-13 July 2022 in Manila. In a pursuit to bolster the country’s cyber landscape, the mega scale cybersecurity summit now has Allan S Cabanlong, the author of National Cybersecurity Plan 2022 and Joey Fontiveros, the Deputy Commander/Commanding Officer-Army Signal Regiment as its Advisory Board Members.

In a statement issued, following the association announcement for the Advisory board, Allan S Cabanlong expressed, “PhilSec 2022 is one of a kind event that brings together cybersecurity experts around the globe to discuss pressing issues of cyber threats and cyber risks. I spoke and gave my insights in PhilSec 2021 which was held online and looking forward to a more collaborative engagement through a face-to-face conference this July in the Philippines! Kudos to the organizers.”

“PhilSec 2022 will be an exciting one as this will be a big convention of knowledge exchange across industry practitioners who demonstrated excellence and commitment in their respective domains. This is also the time to hear about actual experiences that will enable the participants to apply in its work environment as a guide to better manage the challenges that come along,” said Mel Migrino, Vice President and Group CISO, Meralco.

Leading organizations like Delinea, Okta, Recorded Future, CrowdStrike, CyberArk, Rubrik, BlueVoyant, Claroty, Synology and Tenable will lead the summit and showcase their thought leadership and cutting-edge solutions to 600+ cybersecurity experts including the Heads of Information Security, Risk, Compliance, Forensics and Cyber Law from the leading public and private enterprises across the Philippines.

The summit will power two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions with the leading thought leaders, live showcase of the best cybersecurity solutions and abundant networking opportunities.

Some of the confirmed speakers for the summit include Allan S Cabanlong, Advisor & Former Assistant Secretary – Cybersecurity & Enabling Technologies, DICT; Lcol Francel Margareth Taborlupa, Battalion Commander – Philippine Army, Armed Forces of the Philippines; Mel Migrino, Vice President and Group CISO, Meralco; Angel Redoble, First Vice President, CISO, PLDT Group, ePLDT Group and Smart; Noel Cuestas, Chief – Audio, Video Forensic Section – Digital Forensic Unit, Philippine National Police Anti-Cybercrime Group; Marlon Sorongon, CISO, Maybank – Philippines and New York and many others.

Carrine Teoh, Chief Strategy Officer, Bond Holdings, is of the opinion, “Cybersecurity is a field where knowledge sharing and collaboration are key, while keeping abreast with technology. PhilSec2022 is a good platform to engagement for such purposes.”

Some of the crucial topics from the summit include: ‘Cyber Defense for Philippines’ Critical Infrastructure’, ‘Breaking the Cyber Kill Chain’, ‘Addressing The Importance of DevSecOps’, “Dark Web and Cryptocurrencies”, “Digital Forensics”, “Securing Application Layers With Effective WAF Gateway Technology” and many more.

Organizer and CEO of Tradepass, Sudhir Jena expressed, “PhilSec 2022 will bring together all the best names from Philippines” cybersecurity under one roof, thereby posing a networking opportunity like no other. Also, considering the heightened state of cybercrime in the country, the event platform will play a crucial role in encouraging collaboration between the public and private sectors.”

For more information about the event, log on to: https://philsecsummit.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media Contact:
Aritrika Chakraborty
aritrikac@tradepassglobal.com

Proofpoint Showcases Unique People-Centric Cybersecurity Innovation Across All Product Lines at Protect 2022 Conference

  • Cybersecurity leader delivers strong momentum and enhanced capabilities across its Threat Protection, Information Protection and Cloud Security, and Compliance Platforms

Proofpoint, Inc., a leading cybersecurity and compliance company, announced today at its annual Protect 2022 conference a host of people-centric innovations across its entire product line, meeting customer demand for solutions that address the security and compliance needs of today’s increasingly cloud-reliant, distributed workforce. These enhancements empower companies worldwide to stay ahead of a continually evolving threat landscape and better protect their most important asset – their people – from attacks and compliance risks related to email, cloud, data and collaboration tools.

“We are focused on developing security innovations that protect people – wherever they may work – and defend their data from today’s most harmful risks. To stay ahead of the threat actors, we invest hundreds of millions annually into our products and rely on the most advanced AI/ML technologies to defend our customers,” said Ashan Willy, Proofpoint’s Chief Executive Officer. “Our unmatched AI-powered data intelligence and ongoing commitment to innovation are why 75% of the Fortune 100 trust Proofpoint as their cybersecurity partner.”

Every day, Proofpoint analyzes an incredible data set of more than 2.6 billion email messages, 49 billion URLs, 1.9 billion attachments, 28.2 million cloud accounts and over 500 million events associated with potential data loss. This gives us and our customers unmatched visibility into the threat landscape.

“Driven by the accelerated adoption of work-from-anywhere practices, our Information Protection and Cloud Security Platform is now deployed to over 25 million users worldwide,” continued Willy. “Over the past 12 months, we have become the most utilized insider threat solution in the market, and our DLP solution is trusted by some of the world’s biggest brands. This speaks to our ability to solve the most complex information protection challenges faced by organizations today.”

Proofpoint reinvests twenty percent of its annual revenue into R&D, one of the highest percentages in the industry. The following people-centric enhancements benefit from that research and address critical areas for organizations, including cloud application security, information protection across cloud, web, endpoint and email, insider threat, deep threat intelligence, compliance, email authentication, and employee security awareness.

Proofpoint Threat Protection Platform leverages over 26 different layers of detection to uncover sophisticated email fraud attacks, including BEC, account compromise, and ransomware. With Proofpoint’s leadership in innovation, we migrated over 2.7 million enterprise seats to Proofpoint over the last year, and now protect over 200,000 small businesses with Proofpoint Essentials.

  • Advanced Business Email Compromise Behavioral Analysis Defense Protection, Powered by New Supernova Behavioral Engine:Launched a year ago, Proofpoint’s Supernova detection platform has delivered a 2x improvement in BEC detection with higher fidelity and lower false positives, stopping over 5 million BEC attack attempts per month. Starting in Q3, a new engine in Supernova will provide advanced behavioral analysis that identifies anomalous communication patterns for an organization’s employees, improving detection efficacy for BEC, supplier risk, third-party account compromise, phishing, and ransomware threats. The new engine will be provided as a free detection stack upgrade to enterprises using Proofpoint email security.
  • Secure Email Relay: Available now, Proofpoint Secure Email Relay provides centralized security control and visibility into application email, including 3rd party senders, as well as protects against data leaks and secures sensitive data by applying payload encryption and DLP to application email.
  • Managed Email Security: Offers customers best-in-class services to complement their email security investment and drive a more sophisticated program that reduces operational overhead while improving risk posture and visibility.
  • Cloud Threat Response Auto-Pull: Available since February 2022, the SaaS version of TRAP provides mail-centric Security Orchestration, Automation and Response (mSOAR), simplifying deployment and management of the automated removal of malicious and unwanted messages and compromised account remediation. Within 3 months of availability, over 600 enterprises have adopted Cloud Threat Response Auto-Pull.

Proofpoint Security Awareness Platform has over 35 million users and attracted over 2,500 new enterprise customers in the past year, with over 100 million annual simulated phishing tests sent.

  • Micro-learning and Adaptive Learning Framework: Available now, our new framework provides flexibility to maximize allocated training time and improves user engagement with a more personalized learning experience that allows users to build on prior knowledge over time. The framework is built across 10 common security domains with progressive levels – delivering concise content that is not longer than 3 minutes and available in 41 languages.
  • Email Warning Tags (EWT): This feature provides “in-the-moment” contextual nudges to alert users about uncertain email through embedded HMTL notifications on all devices; empowers users to report suspicious messages directly from the email warning tags, even from mobile devices.
  • Cultural Assessment: Available in Q3 2022, this assessment enables CISOs and security leaders to benchmark their organization’s security culture by evaluating their employees’ attitudes to cybersecurity in the workplace. Insights from the cultural assessment can be used to optimize their organization’s program and drive behavior change.

Proofpoint Information and Cloud Security Platform brings together unique context across content, behavior and threats for people-centric insights into and prevention of data loss and insider threats. Our solutions are trusted by customers as diverse as a top five automotive manufacturer, a global pharmaceutical company with 100,000 seats and a Fortune 500 fintech services firm with 62,000 seats; several of which were migrations from legacy DLP vendors.

  • Intelligent Classification & Protection: Available now, our AI-powered classification offers increased visibility to sensitive data in cloud and on-premises repositories to accelerate DLP deployment. Includes custom-tailored dictionaries, automated policy recommendations and file labeling via the integration with Microsoft Information Protection.
  • Data Privacy and Masking: Address data privacy and compliance needs by masking PII data in forensics information and controlling access to functionality and data in the console with role-based or other attribute-based policies, enabling safe and seamless collaboration between teams and business units.
  • Cloud Risk Explorer (Beta): Available this quarter, our Cloud Risk Explorer simplifies cloud governance and compliance efforts with more dynamic prioritization and comprehensive discovery of cloud and web apps. This includes dynamic intelligence around sensitive data, user privileges and user behavior patterns in each cloud app on top of known vulnerabilities. In addition, Proofpoint CASB customers can discover shadow IT apps more easily than before by surfacing visibility into URLs accessed via their existing Proofpoint Targeted Attack Protection and Browser Isolation products without the need for traditional firewall and web gateway log analysis.
  • Data Security Reports: Available this quarter, these provide an executive overview of data security and risk, including the effectiveness of DLP policies, coverage across channels and historical trends. They also offer insights into data loss risk posed by users engaged in undesirable behaviors when handling sensitive data across various channels.

Proofpoint Intelligent Compliance Platform provides ML and AI innovation to quickly solve the most sophisticated regulatory compliance and corporate legal challenges, with over 45 petabytes of data under management – a 39% year-over-year growth.

  • Flag Deduplication: Available this quarter, flag deduplication allows customers to significantly reduce the amount of content for review by avoiding original content that has already been flagged, such as replies and forwards. Using Proofpoint’s ML engine, this has driven an 84% reduction in false positives during data supervisory, reporting, and review.
  • Video Analysis: Available now, this feature leverages modern compliance architecture and machine learning to help customers analyze video imagery and transcribe audio to identify compliance violations.
  • Proofpoint Capture for Text: Available in Q3 2022, Proofpoint will add Capture and Patrol for text messaging. Content exchanged in the texts are directly integrated to Proofpoint’s machine learning engine to be scanned and evaluated against hundreds of regulatory and corporate compliance policies.

For more on Proofpoint’s Information Protection solutions, please visit:
https://www.proofpoint.com/us/products/information-protection

To learn more about Proofpoint’s Protect 2022 customer conference, please visit:
https://www.proofpoint.com/us/events/protect.

About Proofpoint, Inc.
Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including 75 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

Connect with Proofpoint:
– Twitter: https://twitter.com/proofpoint
– LinkedIn: https://www.linkedin.com/company/proofpoint
– Facebook: https://www.facebook.com/proofpoint
– YouTube: https://www.youtube.com/channel/UCIvtJgsrUzFo90NKeiVozhQ

Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.

PROOFPOINT MEDIA CONTACTS:
Zeno Group on behalf of Proofpoint
ProofpointSG@zenogroup.com

Sharmin Jassal
Proofpoint, Inc.
pr@proofpoint.com

Deputy Directors from Kenyan Ministry of ICT and ICT Authority along with INTERPOL’s Director of Cybercrime to speak at CyFrica 2022

As the pursuit for a robust African cybersecurity landscape gathers momentum, Tradepass has taken the initiative to host the 4th edition CyFrica at The Kenyatta International Convention Centre (KICC) in Nairobi, Kenya on 28-29 June 2022.

To ensure the summit has the right guidance and attracts the right set of faculties, CyFrica 2022 now has Deputy Directors from the Ministry of ICT – Kenya and ICT Authority – Kenya, Timothy Were and Philip Irode respectively as part of its Advisory Board.

The summit aims to attract 1500+ pre-qualified cybersecurity experts (in-person & virtual) including the Heads of Information Security, Risk, Compliance, Forensics and Cyber Law from the leading public and private enterprises across Africa.

In an interview preceding the summit, Timothy Were (Deputy Director, Ministry of ICT – Kenya) stated his thoughts when asked about the reason behind majority of the African companies still not taking a major step to improve their cyber-defense, he expressed, “Ignorance, fear of exposure that could decrease customer and regulator confidence in the firms and not being alive to the fact that the ground is changing could be some of the reasons why firms are not improving their defense.”

He also added, “I would like to welcome each and every one of you to the CyFrica 4th edition, Karibu Kenya.”

Top renowned organizations like KnowBe4, Uniken, Gigamon, Plena Solutions Ltd., Wallix, Kaspersky, Acronis, IronTree and ManageEngine will be the face of the event as they will have their own exclusive exhibition booths to showcase their cutting-edge security solutions.

Fiona Konchellah (VP of Sales – Africa, Uniken) expressed her excitement for the summit, she said, “I’m thrilled to be a part of CyFrica 2022, alongside some of the top cybersecurity experts. I’m looking forward to discussions on Africa’s rapidly growing cybersecurity market, as well as sharing and learning best practices to ensure a safer Africa.”

She further added, “Now more than ever, it is crucial that we work together to identify and tackle cybersecurity threats in order to bring Africa’s digitization initiatives and aspirations to fruition.”

While talking about the state of Africa’s cybersecurity, Anna Collard (SVP Content Strategy & Evangelist, KnowBe4) mentioned, “According to KnowBe4’s African Cybersecurity Awareness survey released in early 2022, 54% of respondents did not know what a ransomware attack is and 34% have lost money because they fell victim to a scam. To ensure Africa’s people benefit from the increasing digitisation public and private sectors need to do more to raise consumer awareness around cybersecurity and threats and build a security culture within their own organisations.”

The summit will power two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions with the leading thought leaders, live showcase of the best cybersecurity solutions and abundant networking opportunities.

The confirmed speakers for the summit include Timothy Were – Deputy Director, Ministry of ICT Kenya; Philip Irode – Deputy Director, ICT Authority, Kenya; Abdul-Hakeem Ajijola – Chair, African Union Cyber Security Expert Group (AUCSEG) Nigeria; Neil Walsh – Ambassador & Regional Representative to Eastern Africa, United Nations Office on Drugs and Crime Kenya; Cyrus Kamau – CIO, National Commission for Science, Technology and Innovation (NACOSTI) Kenya; Bonface Asiligwa – CISO, KENTRADE Kenya; CRAIG JONES, Director of Cybercrime, INTERPOL; Laura Temesi – Head Cyber Partnerships and Communication, Standard Chartered Kenya; Ishaaq Jacobs – CISO, Sasol South Africa; Kabuthia Riunge – CISO, KCB Group PLC Kenya; Thelma Kganakga – CISO, Equity Bank Kenya; Amenyo Lotsu – CISO, ARB Apex Bank Ghana; Zechariah Akinpelu – CISO, Unity Bank Nigeria; Tim Theuri – Executive Head of Cybersecurity, M-Pesa Africa, Kenya; Cynthia K – Information Security Lead, GE Kenya; Stephen Obare – CIO, National Social Security Fund (NSSF) Kenya; George Ochola – Head Information Technology Security, National Bank of Kenya; Bernard Ambaka – CSO, Kenya Power; and Simion Rutto – Group Head of Forensics and Security Services, Britam Kenya.

Vijay Babber (Senior Channel Manager MEA, Gigamon) expressed his excitement for the summit, and whilst talking about the state of Africa’s cybersecurity in a hybrid and multi-cloud infrastructure he said, “Gigamon is excited to be participating in person in this year’s Cyfrica event. We are seeing more and more companies’ cloud migration strategies accelerating, with hybrid cloud becoming the de-facto standard. The need to protect and secure hybrid cloud networks from cyber-attacks has become mission critical. When deploying applications into the public cloud, the security model becomes more nuanced, bringing on-board many challenges. With Gigamons Deep Observability Pipeline we overcome many if not all these challenges by providing access to all the data that we broker to the security tools, any source any destination. Our team will be happy to discuss the challenges and how Gigamon can help. We look forward to meeting you during the event.”

Organizer and CEO of Tradepass, Sudhir Jena expressed, “We feel extremely privileged to have Timothy Were and Philip Irode, the Deputy Directors from Kenyan Ministry of ICT and ICT Authority, as the Advisory Board Members for CyFrica 2022. Their involvement will not only aid us in expanding the participation for the summit but will also help in catering to many different sectors from the continent and foster the right collaborations for a better cyber landscape.”

For more information about the event, log on to:
https://cyfricasummit.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Executive
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Singapore-based FinTechs, TechCreate and Diginius, to Merge and Combine Together into an Integrated Fintech Enterprise, TechCreate Group; Focus on Powering the Future of Payments in Asia

TechCreate Solutions Private Limited (“TechCreate”), a Singapore-based technology services group specialising in innovative digital payment and digitalisation solutions, and Diginius Pte. Ltd. (“Diginius”), a provider for IT security and infrastructure solutions, are pleased to announce a merger between both companies via a share swap transaction that will value the enlarged fintech enterprise, TechCreate Group, at USD$30 million, based on a valuation that was recently completed by one of the Big 4 accounting firms.

From left: Mr Lim Heng Hai, (Group CEO of TechCreate Group) and Mr Ronald Vong, (Managing Partner of TechCreate Group)

As a trusted leader in digital solutions, TechCreate has been at the forefront of technology innovation and since its establishment, it has developed its own proprietary Real-Time Payment Engine (RTE) that can further enhance the payment capabilities of financial and banking institutions. Leveraging its technological expertise, legal experience and extensive operational track record, TechCreate has successfully enabled end-to-end digital solutions (such as payment gateways, API gateways and blockchain solutions, among others) for several banking and financial institutions in Asia.

With Diginius’ strengths in intelligence and security for concrete cyber resilience, it has built a growing track record with a focus on delivering technology solutions related to cyber security, hyper-converged IT infrastructure and secure application services. Diginius also works with some of the industry’s indisputable experts in cyber security and secured infrastructure services, combined with market-leading technologies to provide a springboard for the next phase of digital transformation.

The current CEO of TechCreate, Mr Lim Heng Hai, will be appointed as the Group CEO of TechCreate Group, while the current CEO of Diginius, Mr Ronald Vong, will be designated as the Managing Partner of TechCreate Group.

Strategic Rationale – Powering the Future of Payments in Asia

According to a Mckinsey report issued on November 2020, Asia has outpaced all other regions in terms of payments-revenue growth over the past several years. The region is also the largest contributor to global payments revenue, generating over US$900 billion in 2019, nearly half the global total. The Asia’s payments industry is expected to return to mid-to-high single-digit growth rates and, by 2022 or 2023, generating more than US$1 trillion in annual revenue.

Notably, the COVID-19 pandemic has accelerated Asia’s payments megatrends and chief among these was the rapidly expanding number of connected and digitally active consumers, with booming e-commerce markets reinforcing the need for digital solutions. The competitive landscape was simultaneously heating up, with the entry of formidable new players–including telecommunications firms, fintechs, “big techs,” and other conglomerates–spurring incumbents to step up their own innovation efforts.

Meanwhile, regulators sought to standardise infrastructure while encouraging competition, fostering the introduction of real-time payments, digital know your customer (KYC), and various local payment schemes.

With a focus on powering the future of payments in Asia, TechCreate Group aims to provide cutting-edge innovation and technology capability to enhance value creation for its customers as follows:

– Expanded business scale with integrated solutions: Having the capabilities to provide more comprehensive and integrated technology solutions related to payment and digitalisation platforms to serve new and existing customers across Asia.

– Strong potential to create new customer value propositions: Ability to broaden its reach and serve diverse customer segments with differentiated requirements and objectives, thereby creating the opportunity and potential to develop proprietary insights and innovative solutions that are aligned with the new trends of payments and digitalisation in Asia.

Commenting on the merger, Mr Lim Heng Hai, Group CEO of TechCreate Group, said, “This is a transformational transaction for both companies, creating an enlarged company with end-to-end digital payment offerings in high-growth verticals as economies in Asia accelerate their digitisation roadmap.

With our combined capabilities, it amplifies our mission be a leading innovative, customer-centric and eco-friendly technology solution provider in Asia.”

Mr Ronald Vong, Managing Partner of TechCreate Group, added, “We are confident that the strengths of the combined company will enable meaningful growth to stakeholders, delivering new value and insights to better serve our markets and customers.

At the same time, it can accelerate our growth and more effectively capitalise on our pipeline and broader market opportunities within the banking and financial industries in Asia.”

For more information on TechCreate Group, please visit: http://www.techcreate.com.sg/

Issued on behalf of TechCreate Group by 8PR Asia Pte Ltd.

Media Contact:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

UREEQA Brings Validation-as-a-Service to the NFT Marketplace

  • The VaaS solution will help NFT marketplaces, NFT collection creators, auction houses and other online platforms to crack down finally, on fraud, piracy and theft.

UREEQA, a leading digital validation company helping creators to protect, manage and monetize creative work, has today announced the launch of its new Validation-as-a-Service (VaaS) solution, designed to tackle NFT fraud and protect NFT creators.

Certainly, any solution will involve validating a creator’s identity. However, Ureeqa was conceived of the notion that it was as important to validate the authorship and ownership of every creation as well, a factor lacking in current NFT marketplaces, most of which focus on the ease with which creative pieces can be initialized and sold.

UREEQA’s unique platform fixes this by employing its VaaS solution to generate a Package-of-Proof(TM) and a Responsibly Minted(TM) NFT, which come together to serve as evidence that the creator and the creation have been authenticated and are legitimate.

“The initial exchange models were adopted by NFT marketplaces on the fly, hurried and so demand-focused that it enabled bad actors to take advantage of the situation,” UREEQA CEO Kirk Fergusson said. “Efforts need to be made to curb the abilities to perpetrate fraud as easily in the first place. Then, we have the answer with a patented process and blockchain-based solution that can be integrated into most NFT platforms.”

UREEQA’s revolutionary system — which has been tried and tested by renowned artists on the company’s own marketplace — is a creator-centric hybrid approach to validation and IP protection. The platform’s patented validation process enables verification via a centralized model, while generating a Package-of-Proof on the blockchain for anyone to see in decentralized fashion.

Any ETH-based NFT sales platform can integrate the core components of the UREEQA platform into their marketplace, just like that. And so too can any auction house or creator association.

Participating marketplaces can visibly delineate creations that have gone through this thorough assessment process — highlighting the extra steps that creators have taken to instill confidence amongst prospective purchasers.

“Building scalable world-class NFT marketplaces to address early adopter demand has taken considerable effort over the past year,” Fergusson added. “At UREEQA, we’ve spent the last 18 months building a validation solution designed to support creators first and foremost — and this patented technology is now available to NFT marketplaces to eradicate fraud and instill trust in the creations they’re offering through their platforms. By leveraging our VaaS solution, NFT marketplaces can quickly work to stamp out fraud while preparing their marketplaces for broader mass market adoption.”

About UREEQA
Established in Canada in 2020, UREEQA is modernizing the inefficient and bureaucratic systems currently in place for copyright protection. By building a robust and compelling Package-of-Proof(TM) for source creative work, UREEQA only mints Validated NFTs to represent creative rights. This helps keep buyers safe by giving them confidence that the work they are purchasing was minted by the smart contract approved by the creator of the work and is therefore authentic.

The UREEQA platform strives to protect creators’ work, their rights and their revenue by harnessing the power of blockchain technology. UREEQA provides value and opportunities for its creators, validators and token holders via URQA, the token at the heart of the UREEQA ecosystem. For more information on UREEQA and upcoming announcements, please visit our website, join our Telegram channel and Discord server, and follow us on Twitter, Instagram and LinkedIn.

Disclaimer:
Statements in this article, including any statements relating to UREEQA’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements. Do your own research!

CyberSecurity Malaysia Joins World Cyber Security Summit – ASEAN as a Supporting Partner

The 12th Global edition of World Cyber Security Summit aims to bring together global CISOs, Cyber Security leaders, investors, media outlets and government representatives all under one roof. Leading cyber security specialist agency, CyberSecurity Malaysia will join the Summit as the Supporting Partner.

World Cyber Security Summit – ASEAN, is set to take place on 12 April 2022 virtually. Dato’ Ts. Dr Haji Amirudin Abdul Wahab; CEO, CyberSecurity Malaysia, will enlighten the attendees on ‘New Danger of Digital Society: Why Cyber Security is so important today and what to be ready for tomorrow?’

– Strategic approach: How Governments are handling cyber security in a digital era.
– Cyber Security and Smart Cities: advanced technologies for citizens’ safety

“Cybersecurity becomes a major concern for many sectors and industries within a country. Its vulnerabilities are alarming and cyber-attack is beyond control. Furthermore, it is impossible to develop 100% cybersecurity approach. No matter how advanced cybersecurity implementation in one’s country, perpetrators often find loopholes to attack. Hence, it is critical for a country to practice cyber resilient, understand potential risks and take effort to reduce them. Organisations within a country must be able to effectively respond to cyber-attack, bounce back and restore critical infrastructures to resume operations,” said Dato’ Ts. Dr Haji Amirudin Abdul Wahab, CEO of CyberSecurity Malaysia.

“Companies from ASEAN today are facing an increasingly competitive threat. Cyber-attacks and data breaches are sophisticated and personalized, putting ASEAN companies at greater risk of collapse. However, there are measures that they can leverage to protect themselves and ensure the safety of their organizations.,” stated Mithun Shetty, CEO of Trescon,

About CyberSecurity Malaysia

CyberSecurity Malaysia is the national cybersecurity specialist and technical agency under the purview of the Ministry of Communications and Multimedia Malaysia (K-KOMM). In essence, CyberSecurity Malaysia is committed to provide a broad range of cybersecurity innovation-led services, programs, and initiatives to help reduce the vulnerability of digital systems, and at the same time strengthen Malaysia’s self-reliance in cyberspace. Among specialized cyber security services provided are Cyber Security Responsive Services; Cyber Security Proactive Services; Outreach and Capacity Building; Strategic Study and Engagement, and Industry and Research Development. For more information, please visit http://www.cybersecurity.my.

About World Cyber Security Summit

World Cyber Security Summit is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

The Summit is a one-of-a-kind gathering of pre-qualified CIOs, CEOs, CTOs, Heads of AI, Chief Digital Officers, Heads of Innovation and International Cyber Security experts.

Witness powerful keynotes, workshops, use-case presentations, product exhibitions, panel discussions and tech talks to find solutions for issues and trends within the Cyber Security and RPA space.

About Trescon

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, road Summits, expos, demand generation, investor connect and consulting services.

For further details about the announcement, please contact:
Jagriti Jaiswal,
Corporate Communication,
Trescon | media@tresconglobal.com

Indonesia Continues to Lead the Way in Site Blocking

The Coalition Against Piracy (CAP) has been tracking traffic to sites that have been blocked in Indonesia, as well as overall traffic to pirate sites and legitimate sites. The Indonesian government started blocking illegal sites in the middle of 2019 and by April this year the total number of sites blocked in Indonesia had topped 3,500. CAP’s latest data also showed traffic to all pirate sites in Indonesia was down by 75% as of January this year compared to when tracking first started in September 2019. Encouragingly traffic to legitimate sites in Indonesia had also tripled over the same period.

The effectiveness of the blocking is backed up by the most recent YouGov consumer surveys undertaken by CAP in which more than 50% of Indonesian consumers say that they have stopped or rarely access pirate services as a result of blocking. Perhaps more importantly, 76% of Indonesian consumers say they are accessing more legal content and pirating less, and 26% say they have subscribed to legitimate sources as a result of illegal streaming sites being blocked. Blocking as an educational tool may also be evident in 95% of Indonesian consumers agreeing that online piracy does have negative consequences – the highest in the region.

Local movie producer Edwin Nazir, the Chairman of Asosiasi Produser Film Indonesia (APROFI) was greatly encouraged by the ongoing blocking efforts and the positive traffic data. “It is through collective consciousness and continuous effort that we can stand against piracy and bring the Indonesian film industry forward,” said Nazir.

Matthew Cheetham, General Manager of CAP, noted, “Indonesia is leading the way when it comes to regulatory site blocking in the Asia Pacific region, if not the world, and the Indonesian government is to be congratulated for the strong stance they have taken in this area. Local industry is clearly benefitting from the actions, as are consumers who are not only being directed towards legitimate content, but in being blocked from accessing pirate sites, they are also protected from the serious risks that previous CAP studies shows are inherent in accessing pirate sites.”

CAP’s most recent YouGov consumer surveys show that while piracy continues to be a major concern around the Asia Pacific region, particularly in Vietnam, Malaysia and the Philippines, where 61% of consumers admit to accessing pirate services in each country, site blocking, and in particular government regulatory blocking, is having a noticeable effect in stopping consumers accessing pirated content online.

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org