Cyberattack

Conceal Announces Pioneering Partnership with Fortem Information Technology to Elevate Global IT Solutions

Retrieved on: 
Tuesday, February 13, 2024

Conceal, a leader in innovative cybersecurity solutions is excited to announce a strategic partnership with Fortem Information Technology, a global provider of tailored IT support services.

Key Points: 
  • Conceal, a leader in innovative cybersecurity solutions is excited to announce a strategic partnership with Fortem Information Technology, a global provider of tailored IT support services.
  • This collaboration aims to enhance global IT security and support, marrying Conceal's cutting-edge browser security solution with Fortem-IT's comprehensive IT solutions.
  • Fortem-IT's global reach and bespoke IT services, combined with our advanced browser security technology, will create a formidable force in IT support and protection," said Gordon Lawson, CEO of Conceal.
  • This partnership promises to equip businesses with a blend of Fortem-IT's vendor-agnostic, tailored IT solutions and Conceal's advanced browser cybersecurity technology.

Billington CyberSecurity to Host 1st State and Local Cyber Summit in Wake of Serious Cyber Attacks on State and Local Governments

Retrieved on: 
Thursday, February 8, 2024

The inaugural Billington State and Local CyberSecurity Summit will be held on March 19-20, 2024 at the National Press Club in Washington, DC as well as virtually.

Key Points: 
  • The inaugural Billington State and Local CyberSecurity Summit will be held on March 19-20, 2024 at the National Press Club in Washington, DC as well as virtually.
  • The two-day summit will convene the senior-most cyber leaders who will discuss cybersecurity issues and solutions for government entities at the state and local level.
  • “Keeping our nation safe from cyber criminals also means keeping state and local governments safe from these bad actors,” explained Thomas K. Billington, CEO and Founder, Billington CyberSecurity , a leading cyber education company for executives founded in 2010.
  • Presented by a variety of sponsors, led by: CISCO, Amazon Web Services, NightDragon, Carahsoft Technology Corp., Anomali, CompTIA, Presidio, and Sailpoint.

Crime Insurance Market Expected to Reach $47.7 Billion by 2032--Allied Market Research

Retrieved on: 
Tuesday, February 6, 2024

WILMINGTON, Del., Feb. 6, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, Global Crime Insurance Market by Coverage (Fraud Cover, Forgery Cover, Theft Cover, Kidnapping Cover and Others), and End User (Individuals and Businesses): Global Opportunity Analysis and Industry Forecast, 2023–2032. According to the report, the global crime insurance industry generated $13.7 billion in 2022, and is anticipated to generate $47.7 billion by 2032, witnessing a CAGR of 13.5% from 2023 to 2032. 

Key Points: 
  • The share was found around two-fifths of the crime insurance market revenue and is expected to be the leader in the future.
  • On the basis of end user, the business segment held the highest market share in 2022, accounting for more than two-thirds of the crime insurance market revenue and is estimated to maintain its leadership status throughout the forecast period.
  • North America region accounted for more than one third the crime insurance market revenue and was the major shareholder in the region.
  • Strict guidelines, large volume of business activities, use of sophisticated financial markets, growing aware of crime insurance and risk management activities, growth in technology innovation, further increased the growth of North America region in the crime insurance market.

Crime Insurance Market Expected to Reach $47.7 Billion by 2032--Allied Market Research

Retrieved on: 
Tuesday, February 6, 2024

WILMINGTON, Del., Feb. 6, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, Global Crime Insurance Market by Coverage (Fraud Cover, Forgery Cover, Theft Cover, Kidnapping Cover and Others), and End User (Individuals and Businesses): Global Opportunity Analysis and Industry Forecast, 2023–2032. According to the report, the global crime insurance industry generated $13.7 billion in 2022, and is anticipated to generate $47.7 billion by 2032, witnessing a CAGR of 13.5% from 2023 to 2032. 

Key Points: 
  • The share was found around two-fifths of the crime insurance market revenue and is expected to be the leader in the future.
  • On the basis of end user, the business segment held the highest market share in 2022, accounting for more than two-thirds of the crime insurance market revenue and is estimated to maintain its leadership status throughout the forecast period.
  • North America region accounted for more than one third the crime insurance market revenue and was the major shareholder in the region.
  • Strict guidelines, large volume of business activities, use of sophisticated financial markets, growing aware of crime insurance and risk management activities, growth in technology innovation, further increased the growth of North America region in the crime insurance market.

MarketAxess Announces Monthly Volume Statistics for January 2024

Retrieved on: 
Monday, February 5, 2024

2 For January 2024, the Company is highlighting the impact of single-dealer portfolio trading volume on U.S. high-grade trading volume and estimated market share, but will continue to exclude single-dealer portfolio trading activity from reported trading volume, estimated market share and the total credit FPM calculation.

Key Points: 
  • 2 For January 2024, the Company is highlighting the impact of single-dealer portfolio trading volume on U.S. high-grade trading volume and estimated market share, but will continue to exclude single-dealer portfolio trading activity from reported trading volume, estimated market share and the total credit FPM calculation.
  • 4 Open Trading share of total credit trading volume is derived by taking total Open Trading volume across all credit products where Open Trading is offered and dividing by total credit trading volume across all credit products where Open Trading is offered.
  • Reported MarketAxess volume in all product categories includes only fully electronic trading volume.
  • The Company is currently reviewing its methodology for calculating such statistics, which historically have been derived from MarketAxess TraX data, to ensure that the statistics presented provide a complete and accurate view of the market.

MarketAxess Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, January 31, 2024

Starting with the first quarter of 2023, our calculation of EBITDA has been revised to adjust for interest income in addition to interest expense.

Key Points: 
  • Starting with the first quarter of 2023, our calculation of EBITDA has been revised to adjust for interest income in addition to interest expense.
  • MarketAxess trading volumes, TRACE reported volumes and MarketAxess Post-Trade processed volumes are available on the Company’s website at investor.marketaxess.com/volume .
  • These and other statements that relate to future results and events are based on MarketAxess’ current expectations.
  • More information about these and other factors affecting MarketAxess’ business and prospects is contained in MarketAxess’ periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com .

Cork Doubles Down on Providing Financial Protection to SMBs through the MSP Ecosystem

Retrieved on: 
Tuesday, January 23, 2024

“Cork is laser-focused on our commitment to fix the broken cyber insurance market, and we firmly believe that MSPs should be a part of the solution,” said Carlson Choi, CEO, Cork.

Key Points: 
  • “Cork is laser-focused on our commitment to fix the broken cyber insurance market, and we firmly believe that MSPs should be a part of the solution,” said Carlson Choi, CEO, Cork.
  • The growing risk and cost associated with a cyberattack means more and more financial protection solutions are being developed to protect businesses.
  • “Often, financial protection solutions don't integrate with the SMB’s existing technology stack, making it harder to apply for and onboard.
  • Providing SMBs with instant funding relief and fast claim payouts in days rather than months, as with traditional cyber insurance providers.

Veeam Data Protection Trends Report 2024 Finds Cyber-Attacks the #1 Cause of Business Outages

Retrieved on: 
Wednesday, January 17, 2024

Veeam Software , the #1 leader by market share in Data Protection and Ransomware Recovery, today released insights from the company’s fifth annual Veeam Data Protection Trends Report .

Key Points: 
  • Veeam Software , the #1 leader by market share in Data Protection and Ransomware Recovery, today released insights from the company’s fifth annual Veeam Data Protection Trends Report .
  • Highlights of the Veeam Data Protection Trends Report 2024:
    Cyber-Attacks are the #1 Cause of Outages: For the fourth straight year, cyber-attacks were listed as the most common and most impactful causes of business outages across organizations.
  • Data Protection Budget Increases are Accelerating: Data protection budgets are expected to grow by 6.6% in 2024.
  • Download the complete Veeam Data Protection Trends Report 2024 at https://vee.am/DPR24 .

Attacks on cargo ships in the Red Sea threaten Australia's trade – we need a Plan B

Retrieved on: 
Monday, January 8, 2024

Since November, Iran-backed Houthi rebels in Yemen have launched more than 20 attacks on container ships using drones, ballistic missiles, and in one case, an explosive unoccupied vessel.

Key Points: 
  • Since November, Iran-backed Houthi rebels in Yemen have launched more than 20 attacks on container ships using drones, ballistic missiles, and in one case, an explosive unoccupied vessel.
  • Australia impacted
    While just 16% of Australia’s container imports come from Europe, the supply chain between Australia and the European Union is critical for many Australians.
  • We call for the immediate end of these illegal attacks and release of unlawfully detained vessels and crew,” it said.
  • The businesses that best prepare will be those best able to ride out and gain from the next disruption.

MarketAxess Announces Monthly Volume Statistics for December and Fourth Quarter 2023

Retrieved on: 
Thursday, January 4, 2024

Emerging markets estimated market ADV is derived by combining MarketAxess TraX emerging markets trading volume (currently estimated to represent approximately 60% of total emerging markets) and FINRA TRACE-reportable emerging markets trading volume, principally U.S. dollar denominated corporates.

Key Points: 
  • Emerging markets estimated market ADV is derived by combining MarketAxess TraX emerging markets trading volume (currently estimated to represent approximately 60% of total emerging markets) and FINRA TRACE-reportable emerging markets trading volume, principally U.S. dollar denominated corporates.
  • Reported MarketAxess volume in all product categories includes only fully electronic trading volume.
  • MarketAxess trading volumes, TRACE reported volumes and MarketAxess Post-Trade processed volumes are available on the Company’s website at investor.marketaxess.com/volume .
  • Beginning in January 2024, the new estimated market volume data will also be available on the Company’s website at investor.marketaxess.com/volume .