Tag Archives: HTS

PR Newswire

QSAN Launches XCubeNXT 8100 & 5100: Enterprise Unified Storage with Cross-Platform Replication

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TAIPEI, Sept. 6, 2023 /PRNewswire/ — QSAN Technology, Inc., a global leader in enterprise storage solutions, released the new XCubeNXT 8100 & 5100 series next generation high-performance all-in-one unified storage with compact architecture for mixed to enterprise workloads. The latest XCubeNXT series supports multiple protocols and features industry-leading cross-platform replication across all QSAN platforms, reshaping industry standards and ushering in a new era of streamlined storage management. These new products are backed by a 5-year limited warranty for proven enterprise-grade reliability.

Versatile Support for Demanding Environments
XCubeNXT offers block and file support along with data backup and disaster recovery services. It is backed by powerful scale-up capabilities, making it suitable for modern enterprise applications such as containerization, virtualization, file sharing, backup, media environments, and surveillance.

Modern Simplicity with QSM
QSAN Storage Management (QSM) system redefines ease of use, reducing the learning curve and simplifying maintenance. The intuitive GUI offers a swift setup, enabling data access within five minutes of installation. Boasting support for multiple protocols and cross QSAN platform replication, QSM streamlines management and fosters seamless integration.

Dependable Data Experience
99.9999% high availability design with no single point of failure. Cache-to-flash to protect cache data in power outages and non-disruptive firmware upgrades ensures continuous data service with zero downtime.

Adaptive Scalability
Equipped with dual controllers featuring built-in 4-port 10 GbE (SFP+) and a maximum of 26 host ports, XCubeNXT allows direct connections to multiple hosts. It scales to 16.7 PB and uses the Wake-on-SAS feature for remote power management in XCubeDAS expansion units, boosting energy efficiency.

Extended to 5-year limited warranty
“The XN8100 and XN5100 mark a pivotal moment. From addressing diverse needs, be it everyday workloads or high-performance demands. Streamlining management and eradicating data silos, signifies a leap forward in optimized data utilization. We especially extend the product to a 5-year limited warranty to give back to QSAN’s customers.” Said Steven Lin, Global Sales and Marketing VP of QSAN.

About QSAN
Dedicated to data storage and protection, QSAN, a forward-looking pioneer in the IT industry, offers uncomplicated, secure, and reliable solutions for businesses of all sizes. These solutions aid our global partners and customers in digital transformation by delivering exceptional performance and value tailored to their workloads, applications, budgets, and business requirements.
For further information, visit www.QSAN.com.

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CONTACT: QSAN Marketing, +886-886-2-7720-2118*208, marketing@qsan.com

PR Newswire

Global Cybersecurity Leader NTT Offers SaaS Subscriptions to its Patented XDR Platform

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With the launch of Samurai XDR SaaS, businesses of every size now have access to enterprise-level threat detection and response

TOKYO, Sept. 5, 2023 /PRNewswire/ — NTT Security Holdings today announced the launch of Samurai XDR SaaS, making their advanced threat detection and response system accessible to organizations of all sizes for just $40 per endpoint per year.

Samurai XDR SaaS interface in high resolution for detail
Samurai XDR SaaS interface in high resolution for detail

The cloud-hosted solution requires no infrastructure deployment, providing SMBs an affordable way to leverage NTT’s real-time threat intelligence gathered across its global network. Samurai XDR integrates seamlessly with major security brands like CrowdStrike, Microsoft, Fortinet, Cisco and Palo Alto Networks.

The self-service platform allows companies to identify and respond to threats proactively using AI and behavioral analytics. Samurai XDR gives users visibility and control across network, endpoint, cloud, email and more through an intuitive interface. With no long-term contracts, Samurai XDR SaaS combines the power of NTT’s enterprise-grade technology with the flexibility and affordability SMBs need to protect against modern cyber threats.

“Samurai XDR SaaS represents the next level in cybersecurity,” said Shinichi Yokohama, Chief Executive Officer at NTT Security Holdings. “This cloud-based solution empowers businesses of all sizes with enterprise-grade security capabilities, effectively leveling the playing field against the most sophisticated cyber threats.”

Samurai XDR SaaS benefits from NTT’s global threat intelligence network, one of the largest T1 internet backbones in the world. This grants unique real-time visibility into emerging threats, allowing businesses to proactively respond to malicious activity. Samurai XDR uses artificial intelligence and behavioral analytics to strengthen detection and response capabilities across the network.

“With the launch of Samurai XDR SaaS,” added Yokohama, “NTT is democratizing cybersecurity. The modern threat landscape requires businesses to adapt, and we’re enabling them to do so effectively and affordably, regardless of their size.”

NTT invites businesses to experience the future of cybersecurity with a free trial of Samurai XDR SaaS.

For more information, visit https://www.samurai.security.ntt/extended-detection-and-response

Samurai XDR SaaS interface
Samurai XDR SaaS interface
Samurai XDR SaaS promotion with interface and headline.
Samurai XDR SaaS promotion with interface and headline.
PR Newswire

Cervoz NVMe PCIe Gen3x4 SSDs: Blazing-Speed with Advanced Power Loss Protection

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TAIPEI, Sept. 1, 2023 /PRNewswire/ — Leading industrial storage and memory provider, Cervoz Technology, introduces the T436 Family: state-of-the-art Industrial PCIe NVMe Gen3x4 SSDs. Compatible with the PCIe Gen3x4 interface, NVMe protocol, and M.2 2280 form factor, the series is a perfect fit for both booting and storage in PCs and motherboards. What sets the T436 SSDs apart is Cervoz’s proprietary Power Loss Protection technology.

Cervoz pushes the boundaries of SSD performance and reliability with the introduction of the T436 NVMe PCIe Gen3x4 SSDs, epitomizing high-speed operations combined with comprehensive Power Loss Protection technology.
Cervoz pushes the boundaries of SSD performance and reliability with the introduction of the T436 NVMe PCIe Gen3x4 SSDs, epitomizing high-speed operations combined with comprehensive Power Loss Protection technology.

In an era dominated by rapid IoT and AI advancements, our dependency on data is paramount. With global energy fluctuations driven by soaring computing needs, there’s more than just a call for swifter data management. It’s crucial to protect our data from potential power inconsistencies.

Guarding Data Against Power Instability

The standout feature of the T436 is its advanced PLP (Power Loss Protection) technology. Power disruptions have long been a challenge for SSDs, making valuable data vulnerable to corruption or loss, threatening both data integrity and operational continuity. The T436 SSDs integrate the Powerguard technology to combat these challenges. Upon an unexpected power dip, Powerguard activates instantly, drawing additional power from tantalum capacitors, ensuring that any data within the DRAM buffer is written back to the NAND Flash. Typically, average SSDs require around 40ms of backup power discharge to complete the data write-in task, influenced by the data’s complexity or size. With Cervoz’s Powerguard, the buffer time from a power dip to potential failure extends impressively to 88ms, ensuring that all data has ample time to be written fully.

All of the above is just a part of Cervoz’s comprehensive PLP technology. When combined with Safeguard’s VDT (Voltage Detector) mechanism, Voltguard’s voltage stabilization, and Circuitguard’s defense against abnormal currents, Cervoz’s PLP offers unrivaled protection against data loss due to power disturbances, ensuring the integrity and security of your essential data.

Uncompromised Speed and Reliability

The T436 family of SSDs is not just about speed; it’s also about reliability. With features that range from compliance with NVMe 1.3/PCI Express Base 3.1 standards to the incorporation of industry-leading SSD-grade-quality TLC flash memory from Kioxia, the T436 is designed for efficiency. Moreover, the Cervoz firmware features a robust ECC algorithm—Low-Density Parity Check (LDPC) decoding—together with the End-to-End Data Protection method, ensuring data reliability and integrity.

Recognizing the heat generated by high performance, the T436 is available in a wide-temperature version that can reliably operate from -40°C to 85°C. Additionally, the integrated SW-HW overheating protection mechanism, complemented by an optimized heatsink, ensures effective heat dissipation, guaranteeing optimum performance at all times.

Why Cervoz T436 SSDs?

With capacities ranging from 240GB to 1920GB, a broad operating temperature range of -40°C to 85°C, dynamic thermal throttling, DRAM Buffer, AES 256-bit encryption, and more, the T436 family offers a comprehensive solution tailored for businesses seeking both performance and unwavering reliability. Whether the need is for rapid data access or consistent operations in power-critical situations, the T436 ensures that businesses stay at the forefront of efficiency and reliability.

Join the revolution of high-speed storage, bolstered by unparalleled reliability by visiting www.cervoz.com or contact info@cervoz.com. With Cervoz, the compromise between speed and reliability becomes a thing of the past.

About Cervoz

Headquartered in Taiwan, Cervoz Technology supplies embedded components for the industrial PC market. The company has nearly two decades of experience designing and developing high-performing memory and storage solutions for industrial applications.

Contacts
Media: marketing@cervoz.com
Sales: sales@cervoz.com

Source: Cervoz Technology Co., Ltd.

PR Newswire

Wiz Applauded by Frost & Sullivan for Helping Organizations Embrace New Cloud Operating Model and for Its Market-leading CNAPP

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Wiz expands its leadership in cloud security by developing an innovative CNAPP offering and by disrupting new markets to maintain its competitive advantage, making its platform extremely marketable.

SAN ANTONIO, Aug. 4, 2023 /PRNewswire/ — Frost & Sullivan assessed the cloud security industry and, based on its findings, recognizes Wiz with the 2023 Global Entrepreneurial Company of the Year Award. The company consolidates cloud security capabilities for better risk management and security protection of the cloud and cloud-native applications throughout their lifecycle. Wiz simplifies and automates the compliance and security checking process to reduce the reliance on error-prone human intervention and to make security outcomes more effective and impactful by allowing security teams to prioritize their efforts. The company provides full visibility into infrastructure requirements, security risks, and business priorities to enhance collaboration, and it operationalizes cloud security effectively for greater business value so that organizations can embrace a new cloud operating model.

Wiz Award Logo

The one-of-a-kind Wiz Security Graph provides a simple visualization that enables customers to focus on critical risks from different attack vectors and toxic combinations of multiple risk factors, proactively reducing their attack surface. Wiz is the first cloud security platform provider to leverage a security graph at the core of its product, enabling customers to triage and correlate critical attack paths and produce high-fidelity results that any security or development team can interpret and respond to immediately. The company strengthens organizations’ risk assessment and threat detection capabilities for better business decision making, differentiating Wiz in the market and allowing it to make a huge impact on the industry.

Anh Tien Vu, Industry Principal, Frost & Sullivan, noted, “Wiz has disrupted the traditional agent-based cloud security model with its agentless approach that focuses on cloud risk. Its cloud security platform scans every layer of cloud environments without agents, providing complete visibility into every cloud technology and risk without blind spots, differentiating Wiz in the market.”

Wiz supports accurate and comprehensive risk assessment while eliminating noise, leading to a lower total cost of ownership for customers. The company has earned the trust of over 35% of Fortune 100 companies since its inception, opened offices in Denver, and Washington DC in addition to its New York headquarters, and plans to increase its geographic footprint in the United States and worldwide. Wiz has hit several key milestones, becoming the fastest company to gain $100 million in annual recurring revenue (ARR) in 2022 and becoming the largest cybersecurity unicorn in 2023 after its latest fundraising round, Wiz is helping more organizations build their cloud applications faster and more securely and has its sights set on the public sector (Wiz announced FedRAMP “in process” status earlier this year).

“We’re thrilled to receive this recognition from Frost & Sullivan because the research highlights what we at Wiz prize most: customer value,” said Raaz Herzberg, VP Product Strategy, Wiz. “As Frost & Sullivan notes, companies worldwide are moving to the cloud as part of their digital transformation journey. Wiz has pioneered a new approach to cloud security that grants security teams the ability to harness the power of the cloud to drive their business forward.”

“Wiz stands out in the cloud security industry based on its true cloud-native approach and ability to provide a unified single pane of glass across various cloud security use cases, transforming cloud operating models and democratizing security,” added Vu. With its strong overall performance, Wiz earns Frost & Sullivan’s 2023 Global Entrepreneurial Company of the Year Award in the cloud security industry.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising and implementing a strong growth strategy. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, and speed in response to market needs. The award looks at the emerging market participants in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Ashley Weinkauf
P: 210-844-2505
E: ashley.weinkauf@frost.com

PR Newswire

Singapore Cybersecurity Solutions Provider ONESECURE Launches CyberArk-Powered Service to Boost Identity Security for Organisations in Singapore and ASEAN

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New service to help organisations of all sizes safeguard against increasing instances of data breaches that compromise identities

SINGAPORE, Aug. 1, 2023 /PRNewswire/ — Singapore-based Managed Security Service Provider (MSSP), ONESECURE, announces that it will offer the CyberArk Identity Security Platform to organisations across Singapore and the ASEAN region to help protect customers from identity-based attacks.

Guarding against the compromise of the human and machine credentials that allow access to critical data and assets has become a priority for every organisation. ONESECURE’s new service offering, built on CyberArk, aims to provide greater accessibility to specialised cybersecurity services and solutions to help meet this need.

ONESECURE’s team of highly skilled cybersecurity analysts work round the clock to manage and monitor privileged sessions in real-time to audit activity, track compliance, and provide real-time updates including patching. By relying on ONESECURE for software management tasks, companies can focus on other responsibilities such as training and onboarding cybersecurity staff to further strengthen their organisational defences against attacks.

“Identity-related breaches have become one of the most common threats in today’s cybersecurity landscape,” says Edmund How, Founder of ONESECURE. “Compromising identities remains the most effective way for attackers to circumvent cyber defences and access sensitive data and assets. Through our collaboration with CyberArk, ONESECURE will offer both the expertise and technology to help companies adapt these solutions to their existing businesses.”

“Business transformation, driven by digital and cloud initiatives, continues to result in a surge in new enterprise identities,” says Lim Teck Wee, Area Vice President, ASEAN, CyberArk. “CyberArk’s unified platform applies intelligent privilege controls to both human and machine identities, so businesses can secure access to any resource, helping them progress in their Zero Trust journey. With ONESECURE, we will bring these benefits to a greater breadth of organisations in Singapore and the ASEAN region.”

CyberArk is the leader in identity security and has a presence in major economies across the globe – including in Singapore – and over 8,000 customers worldwide. ONESECURE, which was founded in 2008, has grown to become a leading MSSP that offers advisory and technological services to businesses across Asia.

About ONESECURE

Founded in 2008, ONESECURE is one of the fastest-growing managed security service providers in the region, offering customised cybersecurity solutions and expert advisory services to over 100 companies in Asia, including local telcos, small to medium-size enterprises, and schools. Beyond its existing 24/7 server monitoring, anti-DDoS and web application security services, ONESECURE continues to keep abreast of global cyber threats, enhancing its cyber protection features to better fit the evolving needs of enterprises.

PR Newswire

Fractal EMS On-Track to Exceed 2023 Commitments

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AUSTIN, Texas, July 21, 2023 /PRNewswire/ — Fractal EMS Inc (Fractal EMS) is excited to announce a new feature that adds DC-coupled solar+storage (PV+S) controls. The new software provides one platform and one interface for DC-coupled PV+S (AC-coupled projects use separate Fractal EMS controls for solar versus storage). Fractal EMS recently integrated their first DC-couple PV+S project, it was integrated on time and on budget.

Fractal EMS has 4 GWh of projects in operation and will nearly double this by integrating 25-30 projects in 2023. Daniel Crotzer, CEO, said “project financials are becoming more competitive. Owners want to self-integrate to avoid the 10%-15% integrator margin. Fractal EMS was designed to facilitate self-integration…it saves millions in CAPEX and OPEX.”

In addition to the new solar+storage platform, Fractal EMS has intensified its cyber security capabilities. This has been facilitated by implementing a Zero Trust Network Architecture (ZTNA) with industry leading policies, device/software compliance, Vulnerability Management, Incident Detection Remediation (IDR), and Security Information Event Management (SIEM). Fractal EMS provides cybersecurity monitoring & reporting and segments access based on least privilege methodology. In addition, Fractal EMS seamlessly integrates multiple security levels into “one pane of glass” for ease of management and increased efficiency.

About Fractal EMS
Fractal EMS is a fully vertical controls platform that includes software, controllers, integration and analytics (with optional monitoring, maintenance and bid optimization). Fractal provides all of the following: 1) controls 2) networking 3) SCADA 4) cybersecurity 5) HMI & historian. Fractal EMS has 4 GWh in operation globally and over 12 GWh of awarded projects. Visit the website for more information: www.FractalEMS.com

Source: Fractal EMS Inc.

PR Newswire

SecPod releases SanerNow 6.0 to redefine Vulnerability Lifecycle Automation with Cyber Hygiene Score

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SanerNow 6.0, with an intelligence-driven Cyber Hygiene Score and a revamped dashboard, helps organizations automate vulnerability management to combat cyberattacks effectively and improve cybersecurity posture.

REDWOOD CITY, Calif. and BENGALURU, India, July 18, 2023 /PRNewswire/ — SecPod Technologies, a global leader in the cyberattack prevention industry, has released SanerNow 6.0, a new update to its flagship cyberattack prevention platform SanerNow. With a brand-new unified dashboard and an innovative Cyber Hygiene Score, SanerNow transforms how CISOs and security administrators combat cyberattacks and simplifies the process of vulnerability lifecycle automation. 


Chandrashekhar Basavanna, the CEO of SecPod, said, “We are very excited to launch a major upgrade to our SanerNow platform. Risk quantification has always been an intriguing concept industry-wide. We are taking a real shot at it with an innovative hygiene score. This will facilitate our Customers to quantify the risks their IT infrastructure is exposed to and implement vulnerability mitigation strategies. With an all-new dashboard, we are representing end-to-end vulnerability management with Visibility, Detection, Prioritization, and Mitigation coming together in a unified console.” 

With Cyber Hygiene Score, based on SecPod’s in-house security intelligence and proprietary algorithm, SanerNow quantifies an organization’s cyber hygiene and provides insight into your IT infrastructure. Further, in combination with a unified dashboard, SanerNow provides a holistic view of your organization’s risk exposure to take effective laser-focused actions.

The new update, SanerNow 6.0, with the new dashboard and Cyber Hygiene Score, is now available for the general public. SecPod SanerNow Advanced Vulnerability Management is a comprehensive cyberattack prevention platform providing visibility and control over IT infrastructure, detection and prioritization of vulnerabilities, and vulnerability remediation in a single unified console. 

About SecPod: SecPod is a SaaS-based cybersecurity technology company created with a singular, unwavering goal of preventing cyberattacks. Founded in 2008, the company provides a top-of-the-line advanced vulnerability management solution that strengthens organizations’ cybersecurity posture worldwide. 

Contact Info: For any information, contact jagsir@secpod.com

PR Newswire

Lockin Company Sets New Standards in Mobile App Security Solution

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SEOUL, South Korea, July 1, 2023 /PRNewswire/ — Lockin Company, a leading cybersecurity service provider, is proud to announce a significant improvement of their app security solution called LIAPP. With the upcoming launch of their upgraded app security solution, LIAPP, on June 30th, Lockin Company aims to revolutionize the way developers protect their mobile applications. The latest enhancements focus on enhancing user convenience and fortifying security measures, ensuring a seamless and secure experience for app developers and users alike.

Dashboard of LIAPP offers enhanced UX/UI
Dashboard of LIAPP offers enhanced UX/UI

LIAPP, a user-friendly no-code SaaS-based security service, empowers developers to apply robust security measures to their apps effortlessly. By simply uploading their completed applications, developers can secure their mobile apps without the need for additional coding. This innovative solution offers flexible subscription plans, including annual and monthly options, catering to users’ preferred duration and budgetary requirements. The accolades received at the esteemed “Cybersecurity Excellence Awards” in March, where LIAPP triumphed in three categories – “Application Security,” “Mobile Application Security,” and “Runtime Application Self-Protection,” – further validate its effectiveness and popularity among industry professionals.

The upgraded LIAPP introduces a clean and intuitive user interface, enabling app developers to implement security measures with ease. The app protection and threat detection options have been enhanced, allowing developers to customize the application’s security based on their specific operational requirements. Furthermore, the subscription payment process has been redesigned for improved usability, ensuring a hassle-free experience for users. Recognizing the international user base, with over 40% of users coming from overseas, Lockin Company now offers support for English and Spanish languages, catering to global users and facilitating seamless adoption of LIAPP across different regions.

In response to the evolving landscape of hacking types and methods, LIAPP’s capabilities have been significantly enhanced. The solution now incorporates strengthened administrator privileges and virtual machine detection, optimizing post-security compatibility. Additionally, several security upgrades have been implemented, including support for two-factor authentication during login, providing an elevated level of protection against unauthorized access and potential threats.

Myoung Kyu Choi, CEO of Lockin Company, expressed his enthusiasm for the upgraded LIAPP, stating, “As the demand for our services grows in regions like Latin America and Europe, we have focused on enhancing convenience and fortifying security features, including multilingual support. With these extensive upgrades, we anticipate attracting a broader global user base due to the strong capabilities of LIAPP.”

Since its establishment in 2013, the company’s commitment to excellence and innovation has resulted in widespread adoption of LIAPP in numerous countries, including South Korea, Japan, India, the United States, Singapore, Thailand, Indonesia, and Brazil. Recognized as a prominent application security provider by Gartner, Lockin Company’s LIAPP has also been designated as an “Excellent Information Security Technology Product” by the Ministry of Science and ICT in South Korea.

PR Newswire

ACAMS Launches Korea Chapter, Announces CAMS Korean Scholarship Winners

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The new chapter for AFC professionals comes as part of ACAMS’ ongoing commitment to support the fight against illicit finance throughout Korea

WASHINGTON, June 29, 2023 /PRNewswire/ — ACAMS, a leading global membership organization dedicated to ending illicit finance, is strengthening its support for anti-financial crime professionals in Korea with the creation of a new ACAMS chapter and a scholarship program for Korean anti-financial crime (AFC) professionals. The new chapter—the 64th in the ACAMS network—will serve as a platform for ongoing education, knowledge-sharing, and networking for AFC practitioners engaged in financial-crime prevention in Korea’s public and private sectors.

Attended by AFC professionals from Korea, the launch in Seoul featured opening remarks by Korean Member of Parliament Yun ChangHyun and a special keynote address by Joshua Johnson, Senior Sanctions Coordinator for the Office of Economic Sanctions Policy and Implementation at the U.S. Department of State.

As part of the launch, the chapter convened a panel of experts to discuss building public-private partnerships to fight illicit finance, featuring speakers Ryu YoungHo, Team Leader at the Financial Supervisory Service (FSS), Kendrick Yeung, Deputy Attaché for U.S. Homeland Security Investigations (HSI) at the U.S. Embassy in Seoul, Jean Chung Managing Director, Regional Head, CFCC Advisory, at Standard Chartered, and Hwang SeokJin, a professor at Dongkuk University.

At the event, ACAMS separately announced 6 winners of the CAMS Scholarship for Korean compliance practitioners in the AFC space. In addition to receiving a one-year membership to ACAMS, the scholarship winners will seek to become Certified Anti-Money Laundering Specialists (CAMS) with a full waiver of associated fees for study materials.

Widely viewed as the global gold standard certification for anti-money laundering (AML) professionals, the CAMS program trains applicants on the international standards for detecting, investigating, and reporting suspicious financial activity and illicit money flows.

“As a platform for cross-sector collaboration in the AFC space, our chapters reflect the core belief of ACAMS that we are more effective in preventing illicit finance when we work together,” said ACAMS COO Mariah Gause. “The new ACAMS Korea Chapter will help drive conversations on how to fight financial crime more effectively and foster a community of dedicated AFC professionals who will share best practices on safeguarding the financial sector and saving lives.”

“We’re also proud to award our CAMS Scholarship to 6 remarkable Korean professionals to support their compliance journeys,” she said. “As our first scholarship designed for a national market, this initiative reflects the commitment shared by ACAMS and the recipients to prevent criminals from exploiting Korea’s private sector. We look forward to seeing what the future holds for these talented scholarship recipients.”

Find out more about the ACAMS Korea Chapter, including how to join, here: https://www.acams.org/en/chapters/apac/korea-chapter

Learn more about the CAMS Scholarship program and the new winners here: https://www.acams.org/en/resources/diversity-equity-inclusion/scholarships

About ACAMS®

ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti-money laundering/counterterrorism-financing and sanctions knowledge-sharing, thought leadership, risk-mitigation services, ESG initiatives, and platforms for public-private dialogue. The association’s CAMS certification is the gold- standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS’ 60+ Chapters globally further amplify the association’s mission through training and networking initiatives. Visit acams.org for more information.

PR Newswire

Juniper Research: Losses from Online Payment Fraud to Exceed $362 Billion Globally Over Next 5 Years, as eCommerce Growth in Emerging Markets Accelerates Fraud

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HAMPSHIRE, England, June 26, 2023 /PRNewswire/ — A new study from Juniper Research, the foremost experts in payment markets, forecasts that merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028.

Online Payment Fraud Competitor Leaderboard by Juniper Research
Online Payment Fraud Competitor Leaderboard by Juniper Research

A rise in eCommerce transactions in emerging markets is driving this growth. Merchants there are facing new threats, such as an increased use of AI for attacks.

Online payment fraud is where cybercriminals conduct false or illegal transactions online, using a number of different fraud strategies, such as phishing or account takeover.

Further explanation is available in the new report, Online Payment Fraud: Market Forecasts, Emerging Threats & Segment Analysis 2023-2028. A free sample is available for download.

Top Fraud Detection and Prevention Vendors Ranked

As part of the study, Juniper Research released its latest Competitor Leaderboard for 2023. Underpinned by a robust scoring methodology, the new Competitor Leaderboard ranked the top 21 fraud detection and prevention vendors, using criteria such as the relative size of their customer base, completeness of their solutions and their future business prospects.

The top 5 vendors for 2023:

  1. LexisNexis Risk Solutions
  2. Experian
  3. ACI Worldwide
  4. Visa
  5. FICO

The research found that the leading players scored well based on the breadth of their anti-fraud orchestration capabilities, as well as their use of AI for analysing trends in fraudster behaviour. In order to stay ahead of the competition, vendors must utilise data collected throughout the eCommerce process to further develop their fraud detection and prevention solutions through training and advancing AI models.

Research author Cara Malone remarked: “Fraud detection and prevention providers must educate their clients in the importance of data sharing, in order for the highest accuracy within their solutions. This is increasingly important with the growing use of AI, as it utilises a variety of data to examine patterns within fraud, which is extremely advantageous in a space where fraudsters usually attack at scale, rather than attacking a specific customer.”

View the research: https://www.juniperresearch.com/researchstore/fintech-payments/online-payment-fraud-research-report

Download the free sample: https://www.juniperresearch.com/whitepapers/combatting-online-payment-fraud

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

Contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com