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TechLaw.Fest 2020 Sets Stage For Legal Industry’s Future

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Virtual conference sees record 6,000 registrations from more than 100 countries

SINGAPORE, Oct. 2, 2020 — A legal profession powered by technology—that’s the bold new vision put forth for the profession’s future at the end of TechLaw.Fest 2020. Attracting more than 6,000 registrations from over 100 countries, the event featured more than 50 networking opportunities, panel discussions and keynote addresses over five days.

TechLaw.Fest 2020 also boasted more than 120 speakers from the likes of tech giants Alibaba and Google, academia, and leading local and international law firms. Together, they offered thought-provoking and practical insights into legal innovation, technology law, access to justice and the future of automated legal operations.

Said Mr Edwin Tong SC, Minister for Culture, Community and Youth and Second Minister for Law, "With its record turnout and success in bringing stakeholders of legal innovation closer together, TechLaw.Fest 2020 has shown how a purely digital event can be just as meaningful and engaging as a physical one. Amidst the COVID-19 pandemic, it is a good example of how technology and innovation can help us pull through and emerge stronger. The Technology and Innovation Roadmap (TIR) seeks to encourage the legal industry to step up efforts in technology adoption and innovation, so that we can better position ourselves to seize more opportunities in the new normal."

Said Ms Serene Wee, Chief Executive of the Singapore Academy of Law ("SAL"), "It has been a huge week for the entire profession. Thanks to technology, we were able to host a wholly virtual event that saw leading minds from across time zones discussing the rapidly evolving role of the legal profession and the variants of legal technology, and how both will intersect in the future of law. At the heart of all this is a key issue of access to justice. The profession now has a deeper understanding of the implications and opportunities of digital transformation and we hope this week has provided a new impetus for changes in mindsets on what legal services are all about."

Initiatives launched at the five-day TechLaw.Fest 2020 include:

  • Legal Industry Technology & Innovation Roadmap: Launched by Mr Tong, the roadmap identifies technologies that impact the delivery of legal services. It also includes an overview of current and upcoming initiatives to support the development and adoption of such technologies.
  • ALITA Legal Tech Observatory: Spearheaded by the Asia-Pacific Legal Innovation and Technology Association ("ALITA"), the Legal Tech Observatory is the world’s first regulatory observatory for legal technology. Modelled after similar observatories in blockchain and artificial intelligence, the ALITA Legal Tech Observatory provides a real-time database of legal tech players and initiatives in the Asia-Pacific. It will be a hub for actionable insights for jurisdictions and industries, with input from a broad spectrum of legal tech actors.

For more on these initiatives, kindly refer to releases from Ministry of Law and ALITA.

The third edition of TechLaw.Fest was the largest ever, both in terms of reach and content. Running from 28 September to 2 October 2020, it was free for all registrants. It was organised by SAL, Singapore’s Ministry of Law and MP Singapore.

About TechLaw.Fest
TechLaw.Fest is a signature Law & Technology event hosted annually in Singapore. TechLaw.Fest brings together the international community to debate, deliberate, act and innovate in both the law of technology (policies, regulations, legislation, case law and governance) and the technology of law (infrastructure, business transformation and people development). It is co-organised by the Singapore Academy of Law, Singapore’s Ministry of Law and MP Singapore. More information can be found at www.techlawfest.com.

About the Singapore Academy of Law
The Singapore Academy of Law (SAL)’s vision is to make Singapore the legal hub of Asia. SAL works with our stakeholders to set new precedents of excellence in Singapore law through developing thought leadership, world-class infrastructure and legal solutions. More information can be found at www.sal.org.sg.

About Ministry of Law, Singapore
The Ministry of Law is a ministry of the Government of Singapore responsible for ensuring that Singapore’s legal infrastructure is clear, efficacious and transparent. It is currently led by Minister for Law K Shanmugam. The Ministry of Law formulates and reviews legal, intellectual property, land, insolvency, public trustee, moneylending, pawnbroking, legal aid and community mediation policies, as well as legislation and strategies under MinLaw’s purview; provides legal and policy input for other Ministries’ proposed Bills and programmes; develops the legal services, alternative dispute resolution and intellectual property sectors; and regulates and licenses all law practice entities and registers foreign-qualified lawyers in Singapore, amongst other its other functions. More information can be found on www.mlaw.gov.sg.

About MP Singapore
Trusted since 1987, MPI embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation. MPI is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MPI has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992. For more information, visit www.mpinetwork.com.

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20% of the World’s Countries Now Use BitSight to Protect National Security

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Governments bolster critical infrastructure security through real-time monitoring and information sharing

BOSTON, Oct. 2, 2020 — BitSight, the Standard in Security Ratings, has reached a critical milestone, with 38 countries, representing one-fifth of all governments worldwide, now using BitSight solutions to monitor and manage cyber risk to critical national infrastructure. BitSight works with national governments to help manage national cyber risk through security ratings and analytics, which provide visibility and awareness of security performance of critical national infrastructure that can be used to identify vulnerabilities at scale, model systemic risk, enable close collaboration to reduce the likelihood of a national incident, and measure the effectiveness of policy. Countries with government organizations using BitSight include Belgium, Brazil, Germany, Iceland, The Netherlands, Spain, and the United States.

The vulnerability of national critical infrastructure on a global scale is being thrust into the limelight through attacks on hospitals, the defense industrial base, energy companies, and even medical research. Governments around the world lack visibility into the security performance of critical infrastructure and struggle to determine the effectiveness of the policies they enact. By leveraging BitSight, countries across the globe are able to gain new insight into aggregated risk, vulnerability, and security effectiveness of critical infrastructure and make data-driven decisions to reduce risk.

At the onset of the COVID-19 pandemic, BitSight partnered with the National Education and Research Network (Rede Nacional de Ensino e Pesquisa — RNP) in Brazil to help to protect Brazilian health institutions in its backbone against potential cyber attacks. RNP is an advanced national network for higher education, research, and innovation that enables collaboration and communication in the fields of teaching and research. "At this moment, it is fundamental to support health institutions that are experiencing high demand for their services," said the Executive Director of RNP, Eduardo Grizendi. "Any unavailability or security incident can cause serious damage to patients and users."

The BitSight platform makes it possible for the RNP to assess the cyber risk of health institutions during the pandemic. According to Emilio Nakamura, Chief Information Security Officer of the RNP, "there was a great complementarity between BitSight and the other solutions already used by the security team (CAIS) which improved the RNP’s ability to monitor institutions and help them prevent and address their problems."

In Belgium, BitSight partnered with a government agency and Agoria, a large professional association of more than 2,000 technology-inspired companies, to directly engage with a large number of important companies to understand and improve their cybersecurity posture leveraging BitSight data and metrics.

"During the coronavirus pandemic, it was important for us to offer our member organizations a way to better understand their security performance as well as the right data to improve and remediate any risk," said Yves Schellekens, Business Group Leader Industries for Agoria. "BitSight helped us to scale up our efforts and offered a vehicle to continuously measure the effect of this engagement. We will look to enhance our collaboration with member organizations and improve security behaviors within Belgium leveraging the data delivered by BitSight."

"Protecting critical infrastructure from cyber attack is one of the most important governmental missions," said Francisco Fonseca, VP of National Cybersecurity at BitSight. "Countries trust BitSight to provide valuable, real-time security performance insights that they can’t get anywhere else and a method for sharing information that measurably reduces risk. We are honored to partner with so many countries to help them fulfill this critical mission."

For more information on BitSight’s work with national governments, please visit https://www.bitsight.com/national-cybersecurity.

About BitSight
BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.

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PR Newswire

YouTrip Introduces Latest 3DS 2.0 for Enhanced Fraud Detection and Seamless Online Payment Experience

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SINGAPORE, Oct. 1, 2020 — YouTrip, Singapore’s leading multi-currency mobile wallet introduces 3-Domain Secure 2.0 (3DS 2.0) authentication protocol to offer enhanced security for online transactions, as e-commerce transactions are expected to be the new-normal of purchasing. YouTrip 3DS 2.0 technology provides a more seamless and secure payment experience compared to its 1.0 predecessor, reducing payment dropout and fraud rate by up to 50%. The latest 3DS 2.0 technology is the first update to the payment technology since 3DS 1.0 was launched in 2001.

Pandemic-driven Digital Shift

As consumers started relying more on online shopping during the Circuit Breaker period (April to June), YouTrip has observed a 300% quarterly growth in e-commerce transactions as compared to the same period last year. Seeing the upward growth in YouTrip transactions on local and overseas online merchants, YouTrip introduces 3D Secure 2.0 as an additional layer of security to reduce fraudulent activities in online transactions. A research conducted by Mastercard showed that consumers will continue to prefer shopping online than in-stores even after the pandemic, boosting the shift to digital commerce for safety and convenience purposes.

Ms Caecilia Chu, Co-Founder and CEO of YouTrip shares: "Seeing how our YouTrip users are channelling their travel spirit to purchasing items from all over the world, it’s more critical than ever that we ensure a secure payment experience so they can fully enjoy the convenience of online shopping!"

YouTrip’s 3DS 2.0

YouTrip has implemented the 3DS 2.0 technology, a mandatory protocol by European card schemes standards as of October 2019 to improve the customer payment experience for users in Southeast Asia region.

One of the pain points of 3DS 1.0 is the cumbersome payment experience that has resulted in 22% of payments getting lost during the authentication process. Typically, 3DS 1.0 requires users to input either a static password or SMS One-Time password sent a registered mobile number to verify their payment.

With YouTrip’s 3DS 2.0 in place, users will be prompted to authorise their online payments through their YouTrip app. By logging into the YouTrip app to authorise the payment, it ensures that the transaction amount and merchant being paid to is made by the user. The overall user experience of authenticating through YouTrip 3DS 2.0 interface is more seamless than its predecessor.

Enhanced Security to Combat Fraud

With 10 times more risk assessment data points than 3DS 1.0, YouTrip 3DS 2.0 provides a more robust risk-based authentication to screen online merchants. By analyzing over 150 key data points related to the transactions, YouTrip 3DS 2.0 technology is able to better determine if it’s an actual purchase by the user and reduces transactions being falsely declined. Within the first two weeks of launch, YouTrip has reduced the possibility of potentially fraudulent activities by 15%.

"YouTrip’s journey to creating the best mobile financial services in Southeast Asia has only just begun! We’ll continue to innovate and leverage our technological expertise to provide the best cross-border payment experience – both online and offline for our users," Caecilia adds.

Borderless Payment Experience

Beyond security enhancement purposes, YouTrip 3DS 2.0 expands online shopping options for users to shop securely from all 3DS-enabled merchants worldwide. The latest authentication process also allows YouTrip users who are based overseas to enjoy the same seamless and secure online payment experience, since the authentication process is done via the YouTrip app and not SMS One-Time-Password (OTP) to a Singapore number.

About YOUTRIP

YouTrip is a regional financial technology startup, dedicated to creating the best mobile financial services for travellers across Southeast Asia by simplifying overseas spending and creating a fuss-free travel experience. YouTrip first launched in Singapore in 2018 and subsequently in Thailand in 2019.

For more information, please visit www.you.co

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Oracle Cloud Guard and Oracle Maximum Security Zones Now Available

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Pre-built tools automate threat response and quickly and efficiently reduce customers’ cloud security risk at no additional cost

Oracle Cloud Guard continuously monitors configurations and activities to identify threats and automatically remediates them across all Oracle Cloud global regions

Industry-first Oracle Maximum Security Zones deploys security best practices from day one and automatically maintains a strong security posture for customers’ most important data

REDWOOD SHORES, California, Sept. 25, 2020 — Today Oracle announced the availability of Oracle Cloud Guard and Oracle Maximum Security Zones. With Oracle Maximum Security Zones, Oracle is the first public cloud provider to activate security policy enforcement of best practices automatically from day one so customers can prevent misconfiguration errors and deploy workloads securely. For day-to-day operations, Oracle Cloud Guard continuously monitors configurations and activities to identify threats and automatically acts to remediate them across all Oracle Cloud global regions. With these capabilities, Oracle is the only cloud service provider to offer a cloud security posture management dashboard at no additional cost, with numerous pre-built tools that automate response to reduce customer risk quickly and efficiently. Get started here.

Companies are moving more business-critical workloads to the cloud than ever before. The increase in cloud adoption has created new security "blind spots" that have contributed to more than 200 breaches over the past two years, exposing more than 30 billion records1. Gartner forecasts that "through 2025, 99 percent of cloud security failures will be the customer’s fault2." Cloud users and administrators are now expected to know how cloud security services work, configure them correctly, and maintain their cloud deployments. Organizations that have experienced data breaches due to misconfigurations have suffered brand damage, recovery costs and fines. Oracle Maximum Security Zones and Oracle Cloud Guard embed decades of enterprise security expertise and best practices into the Oracle public cloud in an autonomous fashion, accelerating customers’ ability to ramp up to their cloud estate securely from inception.

"Security has been a critical design consideration across Oracle Cloud for years. We believe security should be foundational and built in, and customers shouldn’t be forced to make tradeoffs between security and cost," said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure. "With Oracle Cloud Guard and Oracle Maximum Security Zones’ security automation and embedded expertise, customers can feel confident running their business-critical workloads on Oracle Cloud."

Now available in all Oracle Cloud commercial regions, Oracle Cloud Guard acts as a log and events aggregator that directly integrates with all major Oracle Cloud Infrastructure services—Compute, Networking, Storage—and automatically implements unique components called targets, detectors, and responders. Targets set the scope of resources to be examined, such as compartments and their descendent structures within Oracle Cloud Infrastructure. Detectors identify issues with resources or user actions and alert when an issue is found, such as a TOR login or public bucket. Responders provide notifications and corrective actions to security problems by automatically stopping the instance, suspending the user, or disabling the bucket. As a result, Oracle Cloud Guard provides security administrators the cloud detect-and-response framework needed to lower the mean time to respond to security misconfigurations and scale out security operations centers.

Oracle Maximum Security Zones extends IaaS access management to restrict insecure actions or configurations using a new policy definition that applies to designated cloud compartments. This new Oracle Cloud Infrastructure service helps ensure resources are secure from inception by enforcing rigorous security best practices for highly sensitive workloads. Oracle Maximum Security Zones includes policies for several core Oracle Cloud Infrastructure Services, including Object Storage, Networking, Encryption, DBaaS, and File Storage.

These new services work in tandem to further Oracle’s second-generation public cloud, which is built with security as a critical foundation. Oracle Cloud is distinguished for bedrock design primitives, including high customer isolation, clean host hardware, default encryption, no downtime patching, and sophisticated data protection.

"As workloads transition to the cloud, organizations are looking for a supplier where security technology is designed-in throughout the complete hardware/software stack," said Jay Bretzmann, program director, IDC cybersecurity research. "Oracle’s new cloud security services will help automate and simplify the management of increasingly critical applications with painfully stringent security and compliance requirements that, until lately, few imagined would ever migrate off premises."

Customers Adopt New Built-in Security Services
Accenture is one of the largest consulting companies in the world, employing about 500,000 people worldwide. "Accelerating the path to value is our key focus area, and Oracle technology and Oracle Cloud is a key factor to deliver on that. We were immediately impressed with Oracle Cloud Guard—the set-up, ease of use, and immediate results about potential misconfigurations," said Chris Pasternak, managing director, Accenture. "We appreciate the fact that this capability is available at no cost above the Oracle Cloud Infrastructure investment. It further solidifies the conversations I have with my clients about how Oracle builds Oracle Cloud with security in mind first; Oracle Cloud Guard is a great example of how Oracle continues that heritage."

Continues – for the full release click here. 

1.  "The State of DevSecOps Report – Summer 2020," Accurics.
https://www.accurics.com/news/press-release/accurics-devsecops-report-summer-2020/ 
2.  Smarter With Gartner, "Is the Cloud Secure?" October 10, 2019.
https://www.gartner.com/smarterwithgartner/is-the-cloud-secure/

About Oracle
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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As Digital Transformation Accelerates, Entrust Datacard Becomes “Entrust”

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Entrust name and identity reflect the critical need for trust at the heart of the digital transformation — and the centrality of Entrust’s innovation to secure a rapidly changing world

SINGAPORE, Sept. 18, 2020 — Entrust Datacard today announced a new brand identity and company name — Entrust. The move both continues the company’s enduring leadership and innovation in identity, payments, and data protection, and highlights Entrust’s position as a leader in developing the core technologies needed to keep the world moving safely.

"The global impact of the COVID-19 pandemic has shown us how critical digital transformation is in our daily lives," said Todd Wilkinson, CEO of Entrust. "As consumers, we depend on digital technologies and security to do more than ever, whether it’s making purchases, crossing borders, accessing government services or logging into corporate networks. We are proud that some of the world’s largest governments, organizations and enterprises trust us to keep citizens, commerce and information moving safely. Making Entrust the foundation of our brand reflects how our technology and innovation are central to securing this ever-evolving world."

The company was founded as Datacard Corporation in 1969, and acquired Entrust in 2013, becoming Entrust Datacard. Entrust today offers an unmatched breadth of solutions, including credential issuance, identity and data protection, and digital certificates and signing solutions.

Commitment to innovation and growth

In recent years, Entrust has expanded from its core physical credential issuance focus to build a robust digital security solution portfolio and market presence. In addition to a sustained long-term investment in R&D, the company has made a recent series of strategic acquisitions, including PKI providers Trustis and Safelayer, authentication provider SMS Passcode, and nCipher, the market leader in hardware security modules (HSMs).

As a result, Entrust has transformed into one of the world’s largest providers of digital security software, and the global leader in credential issuance solutions. The company is in a unique position to innovate and invest to meet the rising security and identity needs of its customers. Entrust is making significant R&D investments to bring to market new card issuance technology, secure cloud enablement and advancements to its authentication, digital signing, identity management and HSM solutions. The company recently launched its next-generation PKI platform, tailored to meet today’s rising "encrypt everything" demands amidst rising threats, and earlier this year introduced new solutions for passwordless authentication and digital onboarding.

With nearly $800M in annual revenue and 2,500 employees, Entrust is trusted by some of the world’s most demanding, compliance-driven institutions in finance, technology and government. The company provides sales and service in more than 150 countries through 50 offices and a global network of more than 1,000 technology and channel partners.

"Earning the benefits of digital transformation requires a foundation of trust. As identity, payment and data protection ecosystems become more complex and interconnected, trust enables the resiliency and scale needed to make our digital lives possible," said Frank Dickson, Program VP, Cybersecurity Products, IDC. "Entrust began delivering trust in payment card solutions 50 years ago and has added breadth and depth to its trusted identity and data security solutions ever since. Thus, centering the brand on Entrust makes sense — it helps the market see the common thread of high-assurance trust-building technology that carries through all of its identity, payment and data protection solutions."

A simplified, refreshed brand

Entrust’s new name and branding honors the company’s heritage as it looks ahead. Datacard will continue to be featured prominently as the product line name for the company’s high-volume card issuance solutions, and the company continues to invest and innovate in high-volume hardware, software, services and supplies. Similarly, while the nCipher name will transition to Entrust over time, the nShield product line name for its market-leading HSMs will be retained and become an Entrust product line.

The branding evolution includes a new logo, brand colors, website, tagline, and positioning that are tightly linked to Entrust’s focus on securing a rapidly changing world.

"In evolving our brand, we wanted to make our mission clear. We come to work every day with one thing in mind: delivering solutions that enable the highest level of trust in every interaction our customers facilitate. Enabling trust is our mission, our value proposition, and the focus of all the innovative technologies we continue to develop for clients worldwide," said Karen Kaukol, Chief Marketing Officer, Entrust.

To explore the new brand and learn more about Entrust’s products and services, visit www.entrust.com.

About Entrust

Entrust keeps the world moving safely by enabling trusted identities, payments and data protection. Today more than ever, people demand seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us.

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maaiiconnect Enhances Data Security and Protection Capabilities to Empower Organisations with Secure and Compliant Customer Relationships

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HONG KONG, Sept. 18, 2020 — Leading customer engagement and team collaboration platform, maaiiconnect, empowers organisations to build secure and compliant customer relationships with new security features. Two-factor Authentication, Advanced Password Policies, Access Controls, Data Retention and more have strengthened maaiiconnect’s state-of-the-art security capabilities.

Security is top of mind for most organisations and consumers, and increasing in importance considerably. In the first half of 2020, the number of data breaches and security incidents has already doubled that of 2019[1]. New Zealand has been targeted by over 3,000 cyberattacks in 6 months which has caused the national stock exchange to go offline for several days[2], 130 of the most popular Twitter Accounts were hacked[3], and 500,000 Zoom passwords were stolen from the platform and sold online[4].

Since its launch, maaiiconnect has aimed to revolutionise global communications with a secure hybrid cloud, omnichannel platform that combines telecom and digital channels for organisations of all sizes and sectors. Leading the way, maaiiconnect has further enhanced its security capabilities with new features to facilitate organisations to build the backbone of their security strategy:

Access Controls

Set advanced password policies for staff to automatically require a change of password, limit the use of similar passwords, lock staff out after a specified number of failed logins, set Blocklists and Allowlists for traffic, and require Two-factor Authentication.

‘Organisation Structure’ has been launched as a unique feature of maaiiconnect wherein organisations can build a full organisational structure which not only acts as a cross-departmental/office/team contact list, but an additional layer of security. Admins can set or create access and permission levels for data and features on maaiiconnect.

Activity Tracking

Track staff activity records for a comprehensive overview of changes made to the system or suspicious activity.

Industry Compliance

Data retention solutions, regarding the storage, backup, and transit of customer data to client designated servers, can be tailored for compliance to different industry standards. These organisations now also have access to generate encryption keys within maaiiconnect for high levels of encryption security. Industry compliance can be custom built to suit different industry standards worldwide.

maaiiconnect is a flexible and scalable solution to support organisations of all sizes sectors in their digital transformation journey. Your customers and partners trust their communication data in your hands. maaiiconnect is the tool that leads the way in enabling organisations to transform their customer experiences across touchpoints, and build strong customer relationships, with advanced security capabilities.

Don’t lose customers due to data-breaches or being forced offline. Protect your future by securing it today with maaiiconnect.

Talk to one of our experts about a secure solution for your unique challenges, or experience maaiiconnect ESSENTIALS PLAN for free now to enjoy an array of digital engagement features for elevating your customer experience in the next normal.

Learn more at www.maaiiconnect.com.

1 Security Boulevard, 5 Biggest Data Breaches of 2020 So Far

2 Stuff News, New Zealand Under Attack for Ransom

3 Security Boulevard, 5 Biggest Data Breaches of 2020 So far

4 Security Boulevard, 5 Biggest Data Breaches of 2020 So far

About maaiiconnect

maaiiconnect provides businesses with an all-in-one solution for customer engagement and internal collaboration. Leveraging an innovative multi-dimensional convergence model, maaiiconnect seamlessly unifies telecom and digital communication channels, such as PSTN, VoIP, websites, apps, and social networks. It is device agnostic, empowering employees to be more productive, as well as providing companies a platform to deliver a suite of multimedia experience to their customers anytime, anywhere, on any device. Learn more at www.maaiiconnect.com.

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Penta Security Enters Indonesian Market by Signing New Distributor PT. Prospera Aswindra Teknologi

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SEOUL, South Korea, Sept. 16, 2020 — Penta Security Systems Inc. signed a distribution agreement with PT. Prospera Aswindra Teknologi, Indonesia’s leading tech distributor for IT security products and solutions. This marks the South Korean security vendor’s official entry into the Indonesian market.

Being the largest economy in Southeast Asia and a country undergoing major digital transformation, Indonesia sees high demand for cybersecurity solutions as governments and businesses face a growing number of cyber threats. To tackle Indonesia’s cybersecurity challenges, protecting web applications from web attacks is crucial, making web application firewalls (WAF) a necessity for all organizations.

Penta Security’s WAPPLES has been chosen by PT. Prospera Aswindra Teknologi along with a number of other regional distributors, to fill out the WAF portion of their security solutions package. Different from signature-based detection systems, WAPPLES’ COCEP engine utilizes dozens of rules instead of thousands of signatures, significantly reducing latency while offering the same level of detection capability. WAPPLES’ users can choose from a total of 33 customizable rules to fine-tune their security policies to best handle their environment.

"To overcome the increased sophistication of web attacks, WAPPLES’ rule-based COCEP engine operates more logically and efficiently than existing WAFs in the market," said DS Kim, Chief Strategy Officer of Penta Security. "Our priority is to focus on staying ahead of the attacks whilst letting our users operate their businesses in the safest environment. We’re excited to move forward with the partnership and provide what’s really worth our customers’ investment."

Despite travel restrictions caused by COVID-19, Penta Security has been hosting a number of online seminars to support its channel partners, distributors, and business customers. A recent seminar designated for the Jakarta region drew attendance of more than 50 public and private organizations.

About Penta Security

Penta Security Systems Inc. is a leader in data, IoT, and blockchain security solutions and services. With 23 years of expertise in powering secured connections, Penta Security is the top cybersecurity vendor in Asia, as recognized by Frost & Sullivan, and APAC market share leader in the WAF industry. Penta Security continues its push for innovation as a pioneer in securing blockchain-based environments. For more information on Penta Security, visit pentasecurity.com. For partnership inquiries, email info@pentasecurity.com.

About PT. Prospera Aswindra Teknologi

PT. Prospera Aswindra Teknologi (PAT) is Indonesia’s leading distributor of IT security solutions. Established in 2017, PAT offers a comprehensive security package consisting of some of the best products and solutions from trusted vendors across the world. Accompanied by installation and maintenance service, PAT’s customers enjoy the benefits of a one-stop solution. For more information on PAT, visit aswindra.co.id.

PR Newswire

Get SAT And SeaLandAire Delivering BLOS Capable ADARO Unmanned Surface Service Vessel To US Navy

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ADARO Project Using Inmarsat L-Band Network

JACKSON, Mich. and MCLEAN, Va., Sept. 16, 2020 — SeaLandAire Technologies, Inc., an engineering services small business with a core focus on developing small unmanned vehicles and sensor systems to collect data from difficult environments, and Get SAT, an innovator in small, lightweight satellite communication terminals for airborne, ground, and maritime applications, today announced that the U.S. Navy has selected Get SAT’s micronized, lightweight Ultra-Blade L-Band ESA (Electronically Steerable Array Antenna) for beyond line of sight (BLOS) C2 and ISR (Intelligence, Surveillance and Reconnaissance) exfiltration on SeaLandAire’s ADARO an Unmanned Surface Vehicle (USV).

The marriage of SeaLandAire’s ADARO, Get SAT’s micronized Ultra Blade L Band ESA, and INMARSAT Governments high capacity L Band service provides the Department of Defense with a low cost, highly mobile USV capable of supporting the most demanding at sea missions, including Full Motion Video backhaul. Reducing risk to force and risk to mission by removing the USV operator from the area of operation, the BLOS ADARO will make a significant impact to mission planning and approvals in high risk environments.

The ADARO is a rugged, man-portable, X-class unmanned surface vehicle designed around a modular payload capability. Its series-hybrid energy system provides quiet electric-only operation, even at top speeds, while the heavy fuel range extender significantly lengthens mission life. The platform is designed with a modular architecture to facilitate field servicing and repair. The flexible payload architecture allows extremely rapid integration of new payloads. Both software and hardware are designed for ease of use; ADARO can be set up and deployed within minutes.

Ultra-Blade is the market’s first complete all-planes ESA antenna with no moving parts whose streamlined physical characteristics, such as super low-profile, and technical achievements change the nature of mobile broadband satcom. With more than 90% antenna efficiency and the unprecedented capability to independently track any L-band satellite, Ultra Blade’s exceptional high throughput works for maritime, aviation and ground applications.

SeaLandAire President David Sparks stated, "The ADARO project is an important stride towards the future of USV surveillance operations. Our SeaLandAire team and partners are providing a solution that can be utilized to combat the fast-occurring challenges of the changing maritime and coastal domains."

According to Jason Stephens, Get SAT VP Sales North America, "The integration of Ultra Blade’s satcom with the autonomous capabilities of ADARO provides an immediate positive impact to the warfighter.  Anytime technology reduces the potential risk to personnel, Get SAT will be at the forefront of creating smart, micronized communication solutions.  We are very happy with our partnership with SeaLandAire and will continue to work to provide new technologies to solve hard challenges."

About Get SAT:

A privately held company located in Rehovot, Israel, Get SAT Communications provides portable and extremely efficient antenna and terminals that offer high-data-rate communications for ground, air, and maritime applications. Get SAT provides services for government and military use, enterprises, first responders, non-governmental organizations (NGOs) and humanitarian groups. For more information, visit www.getsat.com.

Get SAT CONTACT:
Ayala Pinhasi
+972-76-5300-700
+1-571-501-5150
info@getsat.com

About SeaLandAire Technologies, Inc.

A privately held small business located in Jackson, MI, SeaLandAire is an engineering services company that designs, develops, and builds products tailored to helping our customers collect information in any environment, focusing on small unmanned vehicles and sensor systems.

For more information, visit www.sealandaire.com

SeaLandAire CONTACT:
Jenna Jarvis
517-784-8340
JJarvis@sealandaire.com 
Info@sealandaire.com 

 

PR Newswire

Global innovators invited to participate in Taiwan’s Inaugural RegTech Challenge

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TAIPEI, Sept. 14, 2020 — Supervised by Financial Supervisory Commission (FSC), organized by Taiwan Financial Services Round Table (TFSR) and hosted by Institute for Information Industry (III) and Taiwan Depository & Clearing Corporation (TDCC) have joined forces to host Taiwan RegTech Challenge (TRC) 2020, an inaugural international challenge in Taiwan. This public-private-partnership, executed by TDCC and FinTechSpace, is supported by over 20 financial institutes across all financial sectors. After 3 months of interview, practical issues from financial supervision to industrial digital supervision are identified. TRC 2020 calls for local and international solutions for accelerating the implementation of RegTech in industries. All participating teams get the chance to be mentored by local experts and the winning prize includes resources and services valued near US$300,000. TRC 2020 opens up a common platform for solution providers to meet and consult with Taiwan regulators and matching with financial institutes. Starting today until October 16th, challenge rounds include the Preliminary, the Semi-final and the Final, which will be hosted on January 28 and 29, 2021.

Global innovators invited to participate in Taiwan’s Inaugural RegTech Challenge, an inaugural international challenge in Taiwan. TRC2020 calls for local and international solutions for accelerating the implementation of RegTech in industries. All participating teams get the chance to be mentored by local experts and the winning prize includes resources and services valued near US$300,000. Registration starts today until October 16th, the Final will be hosted on January 28 and 29, 2021.
Global innovators invited to participate in Taiwan’s Inaugural RegTech Challenge, an inaugural international challenge in Taiwan. TRC2020 calls for local and international solutions for accelerating the implementation of RegTech in industries. All participating teams get the chance to be mentored by local experts and the winning prize includes resources and services valued near US$300,000. Registration starts today until October 16th, the Final will be hosted on January 28 and 29, 2021.

Taiwan RegTech Challenge 2020 proposes the challenge and seeks for solutions in three main areas

In response to FSC’s policy, financial technology development needs and pain points are consolidated and discussed by experts via workshop. These are categorized into three main topics with seven sub-topics as the following:

Topic

Sub-topic

1

eKYC

1.1

Primary and premium information process and collection for KYC purposes like electronic identification, strong authentication, etrust services (eIDAS), identity verification, etc.

2

Monitoring, Surveillance & Data Sharing

2.1

Dynamic and automatic real-time data sharing for supervisors and regulators for surveillance relating to operational risk, market risk, sanction risk, etc.

2.2

Timely incident related information collection and analysis

2.3

Data sharing in compliance

3

Financial Crime Compliance & Fraud Detection

3.1

Suspicious transactions, accounts and behavior detection for money laundering, financing of terrorism, employee misconduct, etc.

3.2

Fraud detection

3.3

Beneficial ownership identification

To effectively promote application, TRC 2020 provides data partner/mentor and one-on-one evaluation mechanisms. Participating teams which are not familiar with financial industry in Taiwan may require relevant data or pairing up with an industry expert. During the Semi-final and the Final, TRC 2020 will provide regulations & compliance and information security/feasibility checkup to ensure information security and compliance. Furthermore, participating teams have the opportunity to obtain FSC regulatory clinic’s counseling and Azure platform provided by Microsoft Taiwan as the development environment.

30 participating teams will be selected to enter the Semi-final. After matching and counseling, 15 will be selected to enter the Final competing for the TRC awards (final 3 and 2 runner-ups) and the PoC prize, awarded by the sponsoring organizations. The prizes include:

TRC Awards

PoC Prize
  • FinTechSpace resources:
    • Rent free for a hot desk in FinTechSpace for 12
      (Final 3) / 6 months (runner-ups)
    • FinTechSpace mentoring including information security check, regulatory clinic, free Baker McKenzie regulation checkup (1 hour), and free AWS cloud space (FinTechSpace AWS JIB)*
  • 2021 FinTech Taipei:
    • Free 2 standard booths for final 3 and 1 standard booth for 2 runner-ups
    • One Demo session
    • Business and venture capital matching
  • eKYC Theme Award:
    • TWCA will issue an EAPS report for the award-winning proposals.
    • After residing at FinTechSpace, the winning team can launch its API on eKYC digital sandbox.
  • AWS
  • Bank SinoPac
  • Cathy United Bank
  • E. Sun Bank
  • Far Eastern International Bank
  • LINE Bank
  • Mega International Commercial Bank
  • Next Bank
  • Taishin International Bank
  • TDCC
  • Yunta Securities

For more information: https://www.fintechspace.com.tw/trc2020-en/

*AWS credits must be applied directly to AWS through FinTechSpace. The winner must not have received past credits more than the offered credits at this time and also meet the Terms and Conditions (see https://aws.amazon.com/awscredits) of FinTechSpace and FinTechSpace Powered by AWS.

Photo – https://photos.prnasia.com/prnh/20200910/2913149-1?lang=0

PR Newswire

Trend Micro Security Suite Adds Key Feature to Tackle Identity Theft

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With 85% of surveyed Singaporeans worried about identity theft, new solution addresses one of key concerns

SINGAPORE, Sept. 11, 2020 — Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced the launch of Trend Micro Security Suite, its most comprehensive protection for home users. In addition to a wide range of Trend Micro’s leading existing consumer security products, the new suite’s key added feature helps combat identity theft.

According to a recent survey done by Trend Micro, 85 percent of Singaporeans are very worried about identity theft, and 88 percent of home users are concerned about the risk of cyberthreats on their home computers (PC and Mac). They are equally concerned (87 percent) about cyberthreats on mobile phones and tablets.

Trend Micro Security Suite includes the following products to provide complete identity and device protection:

  • Maximum Security provides protection for PC and Mac®
  • Mobile Security protects Android™ and iOS devices
  • ID Security provides dark web monitoring to protect users against identity theft
  • WiFi Protection helps secure personal information via VPN on public WiFi
  • Password Manager helps keep passwords safe and secure

"As our lives and activities have moved increasingly online, so too has the risk and rise of identity theft. The consequences of this malicious activity can have a significant impact on the lives of the victims for years to come," said Tim Falinski, managing director, consumer business APAC for Trend Micro. "The vast amounts of personal data available online is not protected at a level that matches that same volume. With our new Trend Micro Security Suite, we are offering our customers the ability to protect their personal information online – in an easy way that does not require an advanced IT degree."

Recent Trend Micro research also found that although concern for cyber threats remains high, it’s the user’s behavior that puts them at risk. Nearly half of the respondents confirmed they don’t use a password manager, which puts them at risk of weak or reused passwords. Nearly two thirds of the respondents said they use public WiFi, which potentially also puts their personal information at risk.

"In the first half of this year alone, Trend Micro blocked over 27 billion threats, confirming that threats such as viruses, malware, and ransomware continue to be a major concern for consumers. Including our award-winning consumer product Maximum Security into our new Security Suite ensures that our users continue to receive the strongest protection against all threats," Falinski added.

The new version of Trend Micro Security Suite is available immediately from trendmicro.com.sg, and other leading electronic retailers. All current customers will be automatically upgraded to the latest version in the coming weeks at no additional cost.

For more information about Trend Micro Security Suite, please visit
https://www.trendmicro.com/en_sg/forHome.html.

About Trend Micro

Trend Micro, a global leader in cybersecurity, helps make the world safe for exchanging digital information. Leveraging over 30 years of security expertise, global threat research, and continuous innovation, Trend Micro enables resilience for businesses, governments, and consumers with connected solutions across cloud workloads, endpoints, email, IIoT, and networks. Our XGen™ security strategy powers our solutions with a cross-generational blend of threat-defense techniques that are optimized for key environments and leverage shared threat intelligence for better, faster protection. With over 6,700 employees in 65 countries, and the world’s most advanced global threat research and intelligence, Trend Micro enables organizations to secure their connected world. www.trendmicro.com

Related Links :

http://www.trendmicro.com