Tag Archives: SVY

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

PR Newswire

Huawei-IUCN Tech4Nature Initiative Announced New Phase of Coral Reef Protection Project

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Digital Technology Helps Mauritius to Become a Global Pioneer in the Field of Coral Reef Conservation, Research, and Education

FLACQ, Mauritius, June 24, 2023 /PRNewswire/ — Huawei Mauritius, International Union for Conservation of Nature (IUCN), and EcoMode Society today announced a new phase of the Tech4Nature Mauritius project to study species’ reproductive success in a restored area of reef in Mauritius.

The new phase directly follows a key project milestone achieved in June in which the partners, supported by the local community, successfully transplanted 25,000 coral fragments cultivated in coral nurseries to a degraded area of the reef ecosystem in Pointe-aux-Feuilles, a 20-km2 site off the east coast of Mauritius. This project is one of the first its type in the Western Indian Ocean. 

“I commend the achievement of the Tech4Nature initiative. Our objective is that by 2030, we can work together for a healthy ocean that supports nature and people,” said the Honorable Sudheer Maudhoo, Minister of Blue Economy, Marine Resources, Fisheries and Shipping for Mauritius. “With the support of the Tech4Nature initiative, Huawei, and its partners, we look forward to continued action to restore ocean and coastal biodiversity for future generations.”

To monitor the mobility of species at the coral reef restoration site and determine the factors that disturb reproductive success, a solution comprising cameras and GPS receivers, 4G, and cloud has been deployed. The second phase of the project will use AI-based data analysis to guide the conservation decisions, support the research of marine biologists, and educate the public on the importance of reef conservation and restoration. 

“The project will help us to have more information to manage and regulate public use,” said Nadeem Nazurally, President of the EcoMode Society. “It will also bring biodiversity conservation closer to the general public, as videos and other dissemination materials are planned through the mobile app. In collaboration with IUCN and Huawei, the project allows us to make a qualitative leap by incorporating new technologies to the monitoring and conservation of species.”

The 243-km2 lagoon created by the 150-km reef system of fringing coral is home to a rich array of aquatic life, including 61 species of macroalgae, 110 species of corals, 132 species of fish, and many endemic species. However, the reef system faces many threats, including overfishing, pollution, and changing seawater composition due to the removal of mangroves and seagrass. Climate change has caused a rise in sea levels, more extreme storms, and increased sea temperatures. Restoration efforts for coral reefs can boost resilience against climate change by protecting coastal regions against erosion and mitigate rising sea levels.

As a Small Island Developing State (SIDS), Mauritius relies heavily on its coral reef resources, especially its fisheries and tourism industries – tourism accounts for about 8% of the island nation’s GDP and 10% of its employment. Coral aquaculture to repair degraded reef has gained traction in Mauritius, with microfragmentation serving as a relatively new technique where small coral fragments are mounted in off-site nurseries using concrete blocks, galvanized structures, and natural basaltic rocks to support coral growth.

Early monitoring at the restoration site has shown an increase in local biodiversity, and an additional 1,890 coral fragments are currently being propagated in the coral nursery to expand the restoration area. With the site’s designation as a Voluntary Marine Conservation Area (VMCA), the momentum for revitalizing biodiversity in the reef ecosystem using the power of technology and partnerships is accelerating.

“Collaboration between public institutions and the private sector is increasingly necessary to determine success in the face of complex environmental challenges,” said James Hardcastle, Head of Protected and Conserved Areas Team for IUCN. “We have the opportunity to take advantage of technological innovations and incorporate them into conservation measures for our ecosystems. This project exemplifies how cooperation and mainstreaming are the way forward to halt biodiversity loss.”

“This project is the first of its kind that we are investing in Mauritius, after dozens of successful experiences of developing solutions to protect different species and natural spaces in countries around the world using advanced technologies such as cloud, AI, and connectivity,” said Zheng Kui, CEO of Huawei Mauritius. “The role of the technology industry in meeting this challenge is key, but only through collaboration with strategic and committed partners can the objectives be achieved in a real way.”

It is hoped that this project can be replicated in other areas of Mauritius and balance the needs of tourism and conservation. And with up to 50% of the world’s coral reef already destroyed or degraded, the project’s success to date demonstrates the value of further large-scale global reef restoration supported by digital technology.

Transplanted coral at the restoration site (Image source: N. Nazurally, EcoMode Society)
Transplanted coral at the restoration site (Image source: N. Nazurally, EcoMode Society)

About Huawei TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative that aims to leave no one behind in the digital world. It focuses on four domains: enabling equity and quality of education, conserving nature with technology, enabling inclusive healthcare, and development.

For more information, please visit the website at https://www.huawei.com/en/tech4all

Follow us on Twitter at

https://twitter.com/HUAWEI_TECH4ALL 

PR Newswire

NEW REPORT FROM GENERATION REVEALS HOW EMPLOYERS MUST ADAPT HIRING PRACTICES TO ATTRACT ENTRY-LEVEL TECH TALENT

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Despite rhetoric around skills-based hiring, 61% of employers added work or education screening requirements for entry-level hires over the past three years

Companies that removed degree or work requirements see a significant increase in number of applicants and comparable on-the-job performance

WASHINGTON, June 24, 2023 /PRNewswire/ — New data from Generation, the global employment non-profit, reveals that organizations must radically rethink hiring practices for entry-level tech talent – and lays out first steps to take.

A number of companies have already broken the mold and removed degree or work requirements over the past three years, and they are reaping the benefits.

Nearly 60% of organizations that eliminated these requirements saw an increase in the number of applicants, allowing them to hire more people more quickly, and tapping into new candidate pools that can fuel talent diversity. Better still, they saw little trade-off in terms of performance once candidates were in the job—with 84% of companies saying that people they hired without degree or education requirements performed the same or better than people hired using traditional methods.

These findings come from Launching a Tech Hiring Revolution, a study of thousands of employers, entry-level tech employees, and jobseekers, spanning eight countries: Brazil, Canada, France, Germany, India, Mexico, the UK, and the US. The research was supported by The Hg Foundation as well as Bank of America, Clayton, Dubilier & Rice, and MetLife Foundation.

Globally, 86% of surveyed employers say they are hiring for entry-level tech roles. Organizations across various sectors, including banking, manufacturing, and retail, all have tech needs, forcing them to compete for talent. And they are struggling, with 62% of employers saying that entry-level tech recruitment processes need to change.

True entry-level tech jobs have disappeared, with 94% of employers saying their hiring requirements for “entry-level” tech roles include prior work experience in a related field.

But despite the continued rhetoric around skills-based hiring, nearly two-thirds of employers globally (61%) added education or work requirements over the past three years for entry-level tech roles. And not just technical skills, as 40% increased behavioral skill requirements as well.

As those employers that defied that trend have shown, shifting hiring to focus on skills rather than degrees is a way to access new talent pools. Focusing on skills-based techniques was a key part of employer success for the group that removed requirements, with tech industry certifications playing an important role. However, while certifications served as a hiring process equalizer across ethnicities, gender bias persisted. Men without certifications received more job offers per interview than women with certifications.

Even though employers are strongly motivated to expand entry-level tech pipelines, those that are struggling to change cite tight budgets and a lack of executive support as tough obstacles. The report concludes there are four ingredients to unlocking the needed shift, including:

  • Expand applicant pools by removing work experience and degree requirements, and instead prioritizing certifications and other skills indicators.
  • During the hiring process, use technical assessments to ensure that applicants have the necessary skills for the job.
  • Throughout, pay attention to both behavioral and technical skills.
  • Rethink hiring teams to reduce tacit bias and increase talent diversity.

To continue to explore the possibilities of a skills-based approach, Generation will assemble a coalition of global employers that want to make the kinds of changes the research calls for and share results publicly to create durable solutions that can be applied across sectors and around the globe.

You can read the whole report here.

Mona Mourshed, founding global CEO of Generation said:

“The first rung of the tech job ladder is broken. Every day, at Generation, we sit at the intersection of thousands of employers and learners, and we see the friction in the hiring process that makes it hard for talented people, who come from backgrounds that have been historically overlooked, to get in the door. That’s why we undertook this research to help employers and society unclog that vital entry-level tech pipeline. The next step is to go deeper in exploring what works, and I’m excited to partner with a coalition of global employers that are committed to opening up opportunity in tech to more people.”

Martina Sanow, Trustee of The Hg Foundation, a grant-giving charity with a focus on removing barriers to education and skills in technology, and Partner at Hg said:

“Those from diverse backgrounds and who haven’t followed traditional pathways represent a huge pool of potential talent for the tech sector. This landmark research represents a step change in our understanding of the global entry-level talent market and where the challenges and opportunities lie. The next crucial step is to build on the report’s recommendations and to trial with employers innovative recruitment approaches that harness the abilities of under-served groups.”

Notes to Editors

Methodology

The findings in this report are drawn from a survey commissioned by Generation that was in the field from November 4, 2022, to January 9, 2023. The study included employed people (aged 18 and over), unemployed people (aged 18 and over), and hiring and technical managers at employers.

The survey drew 4,023 responses from employed and unemployed people, and 1,325 responses from employers, across Brazil, Canada, France, Germany, India, Mexico, the United Kingdom, and the United States.

About Generation

Generation is a global employment nonprofit network that supports people to achieve economic mobility so they can change their lives. We train and place adults into careers that would otherwise be inaccessible and seek to improve how education to employment systems function. Generation launched in 2015 and consists of a global hub and a network of in-country affiliates that spans 17 countries. To date, Generation has more than 80,000 graduates who have earned more than $630 million in wages, and works with more than 11,000 employers, implementation partners, and funders. For more, visit generation.org.

About The Hg Foundation

The Hg Foundation’s vision is that the tech workforce of the future harnesses the talents of all, regardless of background.  It does this by supporting education and employment-based programmes across the UK, USA, and Europe where it can demonstrate measurable, long-term and scalable impact and make a difference to those that need it most. To date it has committed $14m to programmes that will reach 10,000 young people and adults from under-represented backgrounds. The Hg Foundation is registered Charity no. 1189216. Find out more at https://www.thehgfoundation.com/ 

PR Newswire

Intento’s State of Machine Translation 2023 Report Evaluates 37 MT Engines and 5 LLMs

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SAN FRANCISCO, June 21, 2023 /PRNewswire/ — Intento, the Enterprise Machine Translation Hub, and e2f, a language intelligence pioneer, teamed up to study the Machine Translation and Generative AI market and present the State of Machine Translation 2023 report (the seventh consecutive year for Intento).

This edition analyzes the performance of 37 MT Engines across 22 language pairs and 9 content domains, providing the latest overview of the rapidly evolving MT landscape. Key highlights include:

  • Out of the 37 Machine Translation Engines evaluated, 23 are best-performing in some language pairs and domains
  • 5 Large Language Models from AI21, Anthropic, and OpenAI, including ChatGPT and GPT-4, have risen to the first tier in MT capabilities
  • All of the 48 existing MT vendors cover 654 unique languages and 190,000 language pairs
  • Few MT vendors perform at the top level for Arabic, Japanese, and Ukrainian languages
  • Legal and IT domains require careful MT vendor selection, while Entertainment and Colloquial domains may require customization for optimal results

The report spotlights the MT landscape transformation with new features, expanded offerings, and language pairs from several vendors, including Alibaba, Amazon, Baidu, Google, Microsoft, Naver, NVIDIA, and Youdao – all demonstrating significant progress in technology and innovation. Drawing from Intento’s expertise, businesses can use this shift to enhance language capabilities, improve global communication, and stay competitive.

It also identifies top-tier LLMs like ChatGPT and GPT-4, which surpass other models in various MT evaluation metrics and provides insight into the potential of GPT-3, Anthropic’s Claude, and AI21’s Jurassic-2 models for businesses exploring emerging language technologies.

Download the full PDF report here

“We launched our inaugural MT report in 2017, at a time when there were only eleven stock models available. Fast forward six years, and the MT landscape has exploded, with six-fold growth in MT platforms and 15x more language pairs,” says Konstantin Savenkov, Intento CEO and co-founder. “In addition, we see new automated customization possibilities such as domain adaptation and custom glossaries, and the emergence of Large Language Models, which can handle translation among other tasks.”

“We’re excited to work with Intento, providing the best linguistic data to drive exceptional MT evaluation results in the latest report,” says Michel Lopez, CEO of e2f. He continues, “The human effort to create this linguistic data is essential to generating these golden datasets. Top AI companies who need the best language and data science expertise are increasingly turning to our workforce of linguists and data scientists as they grapple with the challenges of quality, cost, and domain expertise in this era of generative AI.”   

About Intento  

Intento enables global companies to translate 20x more on the same budget and makes their customer and employee experience instantly multilingual in 650+ languages through Machine Translation and AI.

Intento Enterprise MT Hub augments best-of-breed Custom NMT platforms with Source Quality Improvement, Automatic Post-Editing, and Translation Quality Estimation. Combining Machine Translation with Generative AI models (like GPT) enhances traditional translation workflows and achieves accurate, in-context translation.

Intento Enterprise MT Hub also integrates with existing software platforms, such as Salesforce, ServiceNow, and Translation Management Systems, to share MT/AI models across the enterprise and improve them based on feedback.

For more information, visit https://inten.to or book a demo with an Intento expert.

About e2f

Established in 2004, e2f helps people and machines communicate naturally, regardless of language, content, and culture. e2f solutions empower Fortune 50 brands to monitor, objectively assess, and improve communications on a global scale.

e2f delivers world-class translation and training data with its proprietary technology stack for AI services, translation, and quality review. e2f offers a global resource pool of skilled professionals in virtually all countries and languages.

Contact:
Nadia Guschina
media@inten.to

PR Newswire

IMDA Introduces Sustainability Standard for Data Centres operating in Tropical Climates

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  • Standard aims to optimise energy efficiency while operating DCs at higher temperature settings
  • IMDA forges new partnerships to drive global digital sustainability

SINGAPORE, June 9, 2023 /PRNewswire/ — Singapore has launched one of the world’s first standard for optimising energy efficiency for data centres (DCs) in tropical climate countries. Announced by Singapore’s Senior Minister of State, Communications and Information, Dr Janil Puthucheary at ATxEnterprise, the standard comes after a working group comprising domain and technical experts from both industry and academia, as well as government agencies worked on establishing a set of guidelines to enable the operation of DCs at higher temperature settings while optimising energy efficiency. 



DCs are important enablers of the digital economy

DCs are important enablers of the digital economy. However, DCs are also intensive users of resources like land, water, and energy, contributing to our carbon footprint. In a typical data centre, cooling systems account for up to 40% of total energy consumption with many operators choosing to operate their equipment at temperatures of 22°C and below.[1] The cooling of DCs in a warmer tropical climate environment presents additional challenges as more energy is used to operate the cooling systems.

Globally, there is a consensus amongst DC operators on the need to operate their DCs sustainably. There is also increased awareness that it is possible to operate DCs at higher temperatures while achieving optimal results. However, there is a lack of established industry guidelines on how to safely raise DCs’ operating temperatures in a tropical climate, and at higher humidity levels. Singapore’s new standard was developed against this background.

The new standard aims to help DCs develop a roadmap to support the gradual increase in the DC operating temperatures to 26°C and above. This could lead to DCs potentially benefiting from a 2% to 5% cooling energy savings, with every 1°C increase in the DC operating temperature.[2] 

Pushing the envelope of sustainability with green DCs

IMDA’s new standard forms part of the Digital Connectivity Blueprint which was launched on 5 June 2023 by Singapore’s Minister for Communications and Information, Mrs Josephine Teo. The standard for tropical DCs complements other sustainability-related industry standards and best practices that are key in our push for sustainability in Singapore’s ICT ecosystem.

Green Mark Certification

To encourage greater adoption of the standards by the DCs operating in Singapore, IMDA is working with the Building & Construction Authority (BCA) to update the Green Mark scheme for DCs, which sets the energy efficiency and sustainability benchmarks for the DC industry, with this new standard for Tropical DCs.[3]

For more information and purchase of the standards, please visit https://www.singaporestandardseshop.sg/.

[1] https://www.nea.gov.sg/docs/default-source/our-services/energy-efficiency/nea-dc-energy-benchmarking-summary–final-report-(3).pdf

[2] http://www.cs.toronto.edu/~bianca/papers/temperature_cam.pdf

[3] The BCA Green Mark Certification Scheme is designed to evaluate a building’s environmental impact and performance. Buildings can be certified at one of four ratings – Certified, Gold, Gold Plus, Platinum.

For media queries:
CHOO Hong Xian (Mr)
Manager, Communications and Marketing, IMDA
DID: (65) 6955 0221
Email: choo_hong_xian@imda.gov.sg  

PR Newswire

Q1 2023 Global Semiconductor Equipment Billings Grow 9% Year-Over-Year, SEMI Reports

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MILPITAS, Calif., June 7, 2023 /PRNewswire/ — Global semiconductor equipment billings increased 9% year-over-year to US$26.8 billion in the first quarter of 2023, SEMI announced today in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report. Quarter-over-quarter billings slipped 3%. 

“Semiconductor equipment revenue in the first quarter was robust despite macroeconomic headwinds and a challenging industry environment,” said Ajit Manocha, SEMI president and CEO. “The fundamentals remain healthy for the long-term strategic investments needed to support major technology advancements for AI, automotive, and other growth applications.”

Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry. 

Following are quarterly billings data in billions of U.S. dollars with quarter-over-quarter and year-over-year changes by region:

Region

1Q2023

4Q2022

1Q2022

1Q (QoQ)

1Q (YoY)

Taiwan

6.93

7.98

4.88

-13 %

42 %

Mainland China

5.86

6.36

7.57

-8 %

-23 %

Korea

5.62

5.80

5.15

-3 %

9 %

North America

3.93

2.60

2.62

51 %

50 %

Japan

1.90

2.25

1.90

-16 %

0 %

Europe

1.52

1.46

1.28

4 %

19 %

Rest of the World

1.06

1.32

1.29

-20 %

-18 %

Total

26.81

27.78

24.69

-3 %

9 %

Sources: SEMI (www.semi.org) and SEAJ (www.seaj.or.jp), June 2023

Note: Summed subtotals may not equal the total due to rounding.

The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports:

  • Monthly SEMI Billings Report, a perspective on equipment market trends
  • Monthly Worldwide Semiconductor Equipment Market Statistics (WWSEMS), a detailed report of semiconductor equipment billings for seven regions and 24 market segments
  • SEMI Semiconductor Equipment Forecast, an outlook for the semiconductor equipment market

Download a sample of the EMDS report.

For more information about the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. More details are also available on the SEMI Market Data webpage.  

About SEMI
SEMI® connects more than 2,500 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG), Nano-Bio Materials Consortium (NBMC), and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter to learn more.

Association Contact
Michael Hall/SEMI
Phone: 1.408.943.7988
Email: mhall@semi.org

PR Newswire

NTT SECURITY HOLDINGS 2023 GLOBAL THREAT INTELLIGENCE REPORT REVEALS ALARMING BLURRED LINE BETWEEN CYBERTHREATS AND REAL-WORLD IMPACT

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Report contains global attack data collected and analyzed from January 1, 2022, to December 31, 2022.

TOKYO, May 31, 2023 /PRNewswire/ — From the disruption of fuel distribution to the interruption of emergency healthcare services, cyberattacks are no longer confined to cyberspace.

NTT Security Holdings 2023 Global Threat Intelligence Report Promotion
NTT Security Holdings 2023 Global Threat Intelligence Report Promotion

The recently released 2023 Global Threat Intelligence Report by NTT Security Holdings highlights the growing convergence of cyberthreats and their physical implications. This timely report sheds light on the most prevalent attacks of the past year and provides crucial recommendations to safeguard businesses from evolving threats. “In 2022, NTT Security Holdings observed continued attacks against organizations in the critical infrastructure and supply chain sectors. Impact on day to day life from nation-state and organized cybercriminals behind these threats increased significantly,” said Gregory Garten CTO, NTT Security Holdings. “The continued success of phishing and exploitation of older vulnerabilities highlight the skills shortage in cybersecurity and lack of proper attack surface management, underscoring the need for a mature and cohesive cyber defense solution.”

Key Insights from the 2023 Report

  • The integration of technology into infrastructure and supply chains made sectors like Technology, Manufacturing, and Transport/Distribution particularly vulnerable.
  • Attacks targeting cloud and Software-as-a-Service (SaaS) platforms continued to increase. In fact, web-based and desktop application threats accounted for a staggering 70% of attacks.
  • WordPress emerged as the most attacked Content Management System (CMS) software in the Americas, APAC (Asia Pacific), and EMEA (Europe, the Middle East, and Africa).
  • Banking Trojans experienced a slight decline from the previous year.
  • Attackers focused on high-impact vulnerabilities, with nearly 75% of them having critical- or high-severity CVSSv3 scores.

Despite significant efforts to disrupt and dismantle attacks, cyberthreats continue to evolve at a rapid pace. “Organizations around the globe must ensure that their cybersecurity measures keep pace to protect their infrastructure,” added Garten. “Our hope is that business and technical leaders leverage this report’s insights to plan and execute their security strategies.”

How to Access the Full Report

For a comprehensive understanding of the latest cyberthreat landscape, you can download the complete 2023 Global Threat Intelligence Report at https://www.security.ntt/global-threat-intelligence-report-2023

About NTT Security Holdings

NTT Security Holdings, a Group company, provides proactive cyber defense and services that make use of gathered human resources and intelligence to protect our customers and society. For more than 20 years, our company has helped clients protect their digital businesses by predicting, detecting, and responding to cyberthreats, while supporting business innovation and managing risk. Our SOC, R&D centers and security experts deliver unsurpassed threat intelligence and handle hundreds of thousands of security incidents annually. Together, we secure the connected future.

PR Newswire

BEST Inc. Publishes 2022 ESG Report, Driving Green Logistics through Digitalization

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HANGZHOU, China, May 29, 2023 /PRNewswire/ — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today released its “2022 ESG Report,” highlighting the company’s fulfillment of social responsibilities, global participation in social welfare initiatives, and promotion of green logistics through digitalization.

The report is divided into seven sections, showcasing BEST’s contributions to social welfare and green logistics. In 2022, it delivered goods to areas affected by the pandemic for free, reduced paper usage by 8.5 million A4 sheets annually through blockchain technology, and saved 70,000 liters of diesel by continuously replacing diesel forklifts with electric forklifts.

The Company also formed long-term strategic partnerships with over 100 colleges and universities, and participated in public welfare activities, such as helping underprivileged students and donating goods.

“Social support and trust are essential to corporate development,” said Johnny Chou, BEST Inc.’s Chairman and CEO. “As a logistics enterprise, BEST has always prioritized green practices, digitalization, and mutual benefit, in order to promote sustainable development and create greater value for our customers, employees, and society.”

BEST Inc. generated RMB 7.74 billion in total revenue in 2022, with service in eight countries. The Company achieved full coverage of its express network in four Southeast Asian countries and was listed in the “Top 500 Private Enterprises in China” in 2022.

For the full BEST Inc. ESG 2022 report, please visit:
https://www.best-inc.com/BEST-Inc.ESGReport2022.pdf

Source: BEST Inc.

PR Newswire

G-P Named Employer of Record Industry Leader in The IEC Group Global EOR Study 2023

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G-P recognized for its innovative technology, exceptional customer experience and well-established expertise in the global research firm’s inaugural report

REMOTE FIRST COMPANY, May 24, 2023 /PRNewswire/ — G-P (Globalization Partners), the pioneer and recognized leader of the global employment industry, today announced it has been named an employer of record (EOR) industry leader by research firm The IEC Group in its Global EOR Study 2023. The recognition solidifies G-P’s market leadership position, marking the fourth time the company has been acknowledged as a pre-eminent EOR provider by industry analysts.

Of the 25 vendors evaluated by the research firm, G-P was positioned highest overall, a testament to its industry leadership and expertise. The report touted G-P for its innovative technology, most recently the announcement of G-P Meridian™ Suite, its consistent attention to improved customer experience, its global scale, its certified integrations and having one of the largest partner networks in the industry.

“G-P leads the industry in maturity and innovation,” said Dr. Kenn D Walters, The IEC Group Limited, Partner & Practitioner. “G-P is a global powerhouse with a 187-country reach, easy integration into clients’ existing HCM systems, and its highly automated, predictive and efficient technology solution G-P Meridian Suite.”

The IEC Group is a global business research and advisory firm and the IEC Dynamic Map™ is a provider comparison methodology empowered by IEC practitioners’ experience, research, and client feedback. The inaugural Global EOR Report highlights the vital role that EOR services have to play in facilitating expansion plans and delivering on growth roadmaps of companies striving for globalization and includes a market analysis noting that the EOR market is expected to reach $9.8 billion USD by 2028. IEC’s research evaluates vendors on the breadth, depth, and maturity of their EOR platforms, investment in technology and innovation, partner networks, and international delivery capabilities.

“IEC’s recognition that G-P stands apart in the EOR industry reaffirms G-P’s market leadership,” said Nat (Rajesh) Natarajan, chief product and strategy officer. “G-P continues to be the only EOR provider to be top-ranked by all three independent analyst firms covering our space. G-P is committed to changing how the world works. The recent announcement of G-P Meridian Suite – the first and only comprehensive and customizable suite of products to better find, hire and manage global teams – is further evidence of how G-P will continue to innovate, enhancing our technology and driving the industry forward.”

G-P was previously named the industry leader in Nelson Hall’s 2021 and 2022 Global Employer of Record Research Reports and in Everest Group’s PEAK Matrix® Assessment 2022.

Click here to learn more about the report and see what sets G-P apart.

About G-P 
G-P is the pioneer and recognized leader of the global employment industry. G-P’s SaaS-based global employment product suite, G-P Meridian, helps thousands of customers build and manage teams quickly and compliantly in 180+ countries without navigating legal, tax or HR issues.

G-P: Global Made Possible™ 
To learn more, please visit: g-p.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog. 

Media contact:
Katie Johnson
Director, External Communications
kjohnson@g-p.com

PR Newswire

LG Display Recognized for Pioneering Research on Ultra-large OLED and Stretchable Displays at SID 2023

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SEOUL, South Korea, May 21, 2023 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that two of its research papers on ‘ultra-large OLED display’ and ‘Stretchable display’ have been selected as Distinguished Papers by the Society for Information Display (SID).

LG Display's Third Generation OLED TV Panel
LG Display’s Third Generation OLED TV Panel

Under the theme of ‘A Novel Ultra-Large Size OLED Display for Premium TVs,’ LG Display’s research team led by Dr. Hong-jae Shin, research fellow, received the Excellence Paper Award for introducing the key technologies that enabled ultra-large OLED displays of 80 inches and above. With this award, LG Display has been recognized once again for its leadership in OLED innovation.

LG Display's Stretchable Display
LG Display’s Stretchable Display

LG Display led the development of a series of ultra-large OLED TV panels by addressing the challenge of uniformly expressing high-quality images on larger screens, advancing panel and driving technologies, improving the performance of organic light-emitting components, and minimizing bezels.

Following on from the 88-inch 8K OLED TV panel released in 2018, the company commenced the production of its largest 97-inch OLED TV panels last year to offer a full lineup ranging from medium-sized to ultra-large OLED displays. LG Display is the only company with capability of mass-producing ultra-large OLED panels of 80 inches and above.

In addition, LG Display will introduce ‘META technology,’ its third-generation OLED TV panel technology, during SID 2023. These OLED panels realize the industry’s highest brightness of 2,100 nits (1 nit: the brightness of a single candle) among existing OLED TVs, making them the perfect solution for ultra-large TVs. Notably, these panels also demonstrate a remarkable 22 percent improvement in energy efficiency.

Another research team led by Precedence Technology Laboratory at LG Display was also awarded the Excellence Paper Award for the paper, ‘High-Resolution Active-Matrix Micro-LED Stretchable Displays.’ The Stretchable display is highly anticipated as a next-generation display technology courtesy of its ultimate free-form technology that enables it to be extended, folded, and twisted.

LG Display unveiled the industry’s first 12-inch Stretchable display last year that can be stretched by up to 20 percent while delivering full-color RGB and a high resolution of 100ppi (pixels per inch) comparable to standard monitors. This award-winning research has garnered recognition for significantly enhancing the resolution, flexibility, and reliability of stretchable displays, achieving substantial progress towards its commercialization.

LG Display will also present its latest research findings on new technologies during Display Week 2023 from May 21 to 26 at LA Convention Center. This will include the presentation of 15 research papers with significant findings regarding next-generation displays such as OLED and microLED.

LG Display also plans to unveil its latest cutting-edge technologies at SID 2023, including its new OLED technology and third-generation OLED TV panels based on ‘META Technology.’

“We will continue to maintain and expand our competitive advantage by developing cutting-edge displays that provide innovative customer value, particularly in the field of large-sized and high-resolution displays, thereby widening the technological gap between us and our competitors,” remarked Soo-young Yoon, CTO and Executive Vice President at LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 69,656 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Global PR Team 
Email: hjy05@lgdisplay.com 

Jean Lee, Team Leader, Global PR Team
Email: jean.lee@lgdisplay.com