Connect with us

Technology

BlockShow returns to celebrate Blockchain in Asia with Asia Blockchain Week in November 2018

Published

on

BlockShow returns to celebrate Blockchain in Asia with Asia Blockchain Week in November 2018

BlockShow Asia 2018 will return to Singapore in November 2018 to the Asia Blockchain Week bringing with it another chance to network, showcase and share the best that Blockchain world has to offer.

Asia is the world’s growth factory. Two of the fastest growing economies in the world at the moment China and India are in Asia

It has been nearly 50 years since the Bangkok declaration that created ASEAN, which has emerged as one of the fastest growing economic blocs is projected to enjoy a GDP growth rate of 3-8% over the next 5 years. It is in this economic centre of the world, in it’s very heart that BlockShow Asia 2018 will be taking place as a part of the Asia Blockchain Week between November 27 – December 1 at the Marina Bays Sands Hotel.

Maturity has set in the blockchain scene

In the previous 2 years, Blockchain has grown to become a nearly trillion dollar market, however valuations have fallen sharply and the market has bled nearly US$ 200 bln. The fall in the cryptocurrency markets has meant that hot money has been expunged out of the system and only serious players are left. The maturity of the market also means that institutional investors, governments, corporates and technology companies have also gained the understanding that cryptocurrencies and the blockchain are here to stay and are not just a passing fad. Even the World Bank is getting on the Blockchain bandwagon and has hired an Australian Bank to create, allocate, transfer and manage bonds on the Blockchain. World Bank’s Treasurer Arunma Oteh told India’s Mint newspaper, “Since our first bond transaction in 1947, innovation and investor satisfaction have been important hallmarks of our success with leveraging capital markets for development.Today, we believe that emerging technologies, equally offer transformative, yet prudent possibilities for us to continue to innovate, respond to investor needs and strengthen markets.”

At the right place at the right time

We are bringing BlockShow Asia 2018 to the financial hub of Asia at this crucial time for Blockchain industry to facilitate networking, marketing, investing, technology sharing and friendly interactions. While last year BlockShow Asia got the ball rolling and attracted over 1500 attendees and 66 sponsors as well as 67 international speakers of high calibre such as Patrick Dai from Qtum, Brock Pierce from EOS, David Orban, Simon Dixon from Bnktothefuture, Mike Kayamori from Quione, Zoe Adamovicz from Neufund, Alexander Ivanov from Waves. This year all efforts are on to outdo that memorable event by bringing together 4000 Blockchain related attendees to reinforce our bonds and build trust among the community. The event last year also hosted a startup competition whose winners Bancor and Electrify Asia managed to raise more than US$ 200 mln combined. We believe that our efforts since 2016 in Asia and elsewhere are now bearing fruits as the technology is taken more seriously by both governmental and corporate sectors than ever before.

This year the event will span five days and is an opportunity to take a step towards Blockchain maturity. Expected at the event are entrepreneurs with real track records, investors, talents, traders, developers and startups. Asia Blockchain Week is an experience comprised of 2 big conferences that enrich your network with relevant investors, partners and customers,  Workshops that seek to answer questions of importance, A Hackathon to scout for talents, A start up competition to locate interesting new projects plus every day parties to relax and network.  On the final 5th day of the event enjoy an “Open Doors” day that feature all blockhain hubs, accelerators and companies in Singapore.

Partnership that strengthens bonds

Asia Blockchain Week’s strength lies in the strong bonds of partnership and the support the conference is receiving, especially from the local community. Partners for the event include LongHash, a platform for accelerating the development and understanding of blockchain technology as well as ACCESS, (Association of Cryptocurrency Enterprises and Startups), Singapore which is involved in advocacy, education, engagement in the cryptocurrency sphere and is a non-profit focussed on the use and development of digital currencies and blockchain technologies. Other partners include SFA (Singapore FinTech Association) and SUSS (Singapore University of Social Sciences). In fact, The Future of Token Economy Conference at SUSS will also be joining Asia Blockchain Week. The strong advocacy, research and communal background of the partners ensures that Blockchain tech gets the push it needs in the region.

Let’s take a step forward for Blockchain maturity

Blockchain as a technology can no longer be ignored and there is hardly anyone whose life won’t be touched on this planet by its unlimited potential. BlockShow Asia 2018 at the Asia Blockchain Week is your chance to contribute to the maturity of Blockchain in its critical evolutionary phase. Blockchain is getting mature and you can witness it for yourself.  Whether you want to become a sponsor or to buy a ticket, now is the time to participate in BlockShow Asia 2018 and rub shoulders with the best, at the best Blockchain industry conference in the world.

Technology

Endpoint Security Industry: An Overview

Published

on

Endpoint Security Industry: An Overview 1

Endpoint protection is the practice of stopping unauthorised actors and campaigns from targeting endpoints or access points of end-user computers like desktops, notebooks, and handheld devices. Endpoint security solutions guard against cybersecurity risks to these access points on a network.

From standard antivirus applications, endpoint security has developed to offer robust protection from advanced ransomware and emerging zero-day attacks. Nation-states, organised crime, hacktivists and deliberate and unintentional insider attacks are at risk of organisations of all sizes. Endpoint defence is also seen as the forefront in cybersecurity, which is one of the first locations businesses look to protect their business networks. Digital Audio Workstations [DAWs] Market

Modern EPPs harness the cloud’s ability to manage an ever-growing hazard intelligence database, release bloat endpoints correlated with locally storing all this intelligence, and the maintenance needed to keep these databases up-to-date. It also provides superior speed as well as scalability to access this data in the cloud. The EPP includes a single console for system administrators that is mounted on a network gateway or server that enables cybersecurity experts to centrally monitor the protection of each computer.

An Evolution in Endpoint Security

Over the years, the defence of endpoints has progressed from primitive antiviruses to more sophisticated next-generation antiviruses using advanced technologies, new and improved identification and the response of endpoints, and the OS-Centric Optimistic Security strategy. In a constant basis, it shifts. Network vulnerabilities from yesterday are today’s strengths.

Tomorrow’s vectors of attack will inevitably be defended. And then, it’s off. Yet there has been a step-change in the cybersecurity world. The global pandemic got humanity to fewer than 12 parsecs in the Future of Jobs. In two weeks, strategy plans that were set out to be applied in two years were followed. Attacks grew as the perimeter of the network extended indefinitely. And the CISO obeyed and kept the company secure. To focus on endpoint defence, the cybersecurity world aligns.

Key Components of Endpoint Security

Endpoint encryption and application control, two main components of an efficient endpoint protection solution, are important endpoint security layers that prevent problems such as data leaks from occurring deliberately or accidentally by copying or moving data to removable media devices. Endpoint encryption completely encrypts endpoint data, like notebooks, cell devices, and other endpoints, as well as directories, archives, and portable storage devices, such as CDs and USB drives, for your business.

Application monitoring, a key component of robust endpoint protection initiatives, avoids the operation of unauthorised software on endpoints. Regulation of software addresses the problem of workers installing unauthorised or unsafe software on mobile devices that may build network bugs and result in unauthorised entry.

Endpoint security is handled in the business environment by a central management server that tracks and handles all endpoint connexions to the network. However, security solutions such as antivirus software are monitored and managed at individual endpoints in the consumer environment, without the need for central administration.

The Risks of Endpoint Threats

Security is rapidly changing in today’s mobile world, and endpoints now form a new perimeter, and companies need to secure their data across networks. As companies expand, so do their vulnerabilities, and all businesses must secure endpoints regardless of size or stature. However, there is no apparent, easily guarded line that can hold all the data in and attackers out of the system with the growth in telecommuting, more workers requested or compelled to operate from home, the Internet of Things (IoT), and cloud services.

Endpoint threats help to know what kind of susceptibilities exist to gain an improved understanding of what is required from endpoint protection. A few kinds of attacks that are or are becoming more common are listed below. It is necessary to bear in mind, however, that many more forms of attacks exist and attackers every day learn new methods. Legal ramifications: Infringement of data and loss of personal or confidential information is a serious problem that can lead to considerable legal harm. Reputational damage: Businesses suffering data breaches and cyber-attacks are at risk of adverse public opinion, leading to reduced brand and reputational damage.

A Glance at Importance of Endpoint Security in Today’s World

Endpoint security strategies play a significant role in defending against today’s increasingly advanced cyber threats. Today’s cyber-attacks need a new line of security protection. For a variety of factors, an endpoint defence framework is a critical part of enterprise cybersecurity. First of all, data is often the most important asset a company has in today’s business environment and losing that data or access to that data could put the whole business at risk of insolvency.

Businesses have now had to deal with not only a rising number of endpoints but also an increase in the number of endpoint forms. These variables make it more difficult for enterprise endpoint protection on their own, but they are exacerbated by remote work and BYOD policies that make perimeter security increasingly inadequate and generate vulnerabilities.

The threat landscape is also becoming more complex: hackers are constantly seeking new ways to gain access, steal data or trick employees into distributing confidential data. The endpoint security platforms have become a must-have in terms of protecting modern companies because of the cost of a large-scale breach, cost of transferring resources from business objectives to tackling threats and the actual financial cost of enforcement breaches.

An entry point for threats is given by any computer, such as a tablet, smartphone or laptop. Endpoint security seeks to properly protect any endpoint connecting to a network at these points of entry to block access attempts and other risky activities. The corporate network security perimeter has effectively collapsed as more companies accept activities including BYOD (Bring Your Device) and remote/mobile workers.

The need for effective endpoint protection measures, especially because of the increase in mobile threats, has increased substantially. A centralised security solution is no longer sufficient for today’s ever-shifting and undefinable security limit, with workers relying on mobile devices and laptops to work and connect to business networks. Endpoint security offers a further shield to centralized security controls at the point of entry for some attacks and the point of exit for sensitive information.

Differentiating Endpoint Security from Anti-Virus Software

What separates endpoint protection from popular anti-virus applications is that endpoints are responsible for or more of their protection in the endpoint security framework. This goes against network security, where security measures protect the network as a whole instead of certain computers and servers. Endpoint defence, however, is not carried out exclusively on smartphones.

Common endpoint defence techniques with security tools on a central server or control board and tools on individual devices provide a two-pronged approach. Still, by some definitions, certain simpler types of protection fall under the safety umbrella of the endpoint. That said, modern concepts of endpoint protection typically define more sophisticated methodologies, including intrusion detection and behaviour-blocking elements that either end-users or intruders recognise and block threatening activities and behaviours.

Common Trends in Endpoint Security

Endpoint security trends forecast the future of endpoint threat management and the solution features that we will see in the future in the industry. As trends for the year 2018, several developments have been facing, including machine learning and AI, SaaS-based endpoint defence, layered protection against file-less attacks, putting IoT devices under the protective umbrella, etc.

Today’s methods can achieve better remediation, which ensures that operations such as deleting data, terminating procedures, and rolling back photos of the system can spare IT, employees, the tedium of manually reimaging violated systems.

Endpoint Security Software Features to Look for in 2020

There were 4.1 billion accounts of data threats in the first half of 2019 alone. Therefore, employing an endpoint security framework has become essential for every enterprise. Some of the top endpoint security software features to look for: Securing devices, especially USB ports, generating reports, Device-based and user-based security policies, Application Control, Remote patch installation to quickly fix critical vulnerabilities, Strong secure communication encryption algorithm, Receiving configuration security/status alerts, Browser management

In 2020, companies must secure more ends than ever with the global pandemic COVID-19 requiring more workers to operate remotely. Attackers know that human beings, who now often operate beyond the regulated environment created by office computers and networks, are the weakest link to security. Forced outside of the formal system, individuals are more vulnerable to weaknesses and generate openings for attack.

The Future of Endpoint Security

In 2020 and the near future, enhancing endpoint protection needs to be a top priority. The borderless and non-discriminatory existence of cyber-attacks means that sharing their experiences and working together to defend themselves and the general population is essential for the cybersecurity industry. Endpoint security has grown from modest beginnings of protecting standard PCs to protect complex networks in large enterprises, protecting varied environments like business-issued hardware, programmes for bring-your-own-device (BYOD) and more.

For corporations and private clients, cybersecurity used to be all about protecting the endpoint. Since then, rapid technological growth has forced security firms, such as Bitdefender, to develop new techniques and business strategies that could meet the needs of ever-larger organisations. 86% of all infringements are financially motivated, where risk actors are after financial data, intellectual property, health records, and consumer identities of companies that can be easily sold on the Dark Web.

Cybersecurity has repeatedly become one of the leading anxieties for companies around the world in recent years, and this pattern will worsen in 2020. We expect to see an increase in new specifications as businesses increasingly recover from the current pandemic. The evolution of large-scale breaches symbolises a growing trend in the number and gravity of security breaches. Data breaches frequently disclose confidential information that also puts consumers at risk of identity fraud, damages the reputations of firms, and puts businesses responsible for violations of compliance. Cyber Observer, a comprehensive solution for cybersecurity management and understanding, estimates that by 2021, cybercrime harm is expected to exceed $6 trillion annually.

Conclusion

Security is constantly evolving and there is a possibility that the future might hold much more than what we have seen. We cannot, however, ignore the changes that have been seen from the past several years to where we have gotten to today.

Who We Are

Adroit Market Research is a global business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Continue Reading

Technology

Technology: the saving grace of the month-end headache in financial reporting

Published

on

Technology: the saving grace of the month-end headache in financial reporting 2

By Tiffany Newkirk, Financial Solutions Manager at SplashBI 

The end of the month is a challenging time for many accountants and financial analysts as they race to close their books and complete their reporting on time. Whether they are using Oracle Cloud or on premise solutions, the final hurdle has its highs and lows. With accounts to reconcile and financial statements to analyse, accountants and financial analysts are left with little time before the crucial deadlines are in front of them. As a result, time needs to be maximised so that they have all the answers at their fingertips when presenting to the business, board members and executives. These are the aspects of the role that financial analysts adore – and manual intervention shouldn’t be the blocking stone of success.

Preparation for month-end reporting involves financial analysts spending long periods of time focused on analysing spreadsheet after spreadsheet. Tiffany Newkirk, Financial Solutions Manager at SplashBI, explains that month-end reporting shouldn’t be as problematic and frustrating as it is. To move forward, financial analysts need to incorporate technology to provide a visual representation of the data so their role becomes as efficient and sustainable as possible.

A new beginning

Overtime and stress are two common issues that accountants and financial analysts experience when completing month-end close reporting. As many as one in four financial analysts describe the pressure of financial reporting being overwhelming, resulting in employees leaving the job they love; a situation that no senior management team wants to occur.

According to a recent survey, as many as 73% of accountants and financial analysts are still operating in a manually intensive, spreadsheet-driven system that limits or removes any time for analysis. In the same survey, 84% said they would prefer the financial close process to take up less time, that could in turn be devoted to more strategic financial projects. From a health and wellbeing perspective, the drive to utilise technology will help improve the efficiency and accuracy, especially at this turbulent time, and allow more time to be spent exploring the results and having the answers readily available for senior-level discussions.

A long-awaited transition

Companies of all shapes and sizes have long sought ways to streamline their processes so that accountants can spend less time collecting numbers and more time analysing the impact and results with senior stakeholders. Finding the right equilibrium between speed, accuracy and employees’ needs is key, and financial experts need to embrace technology and its visual qualities in order to achieve this.

While spreadsheets are a useful tool, they can be prone to errors, especially if formulas are entered incorrectly. Management teams want to understand the implications of the data in front of them, and with the aid of financial experts, bring the data to life in a much more visual and empowering way, ready to spot the next business opportunity. Working solely in a spreadsheet rarely allows this to happen.

Instead, technology can help drive smarter decisions, by making the data come to life and presented in a variety of visual formats. By combining the numerous, disparate systems required to achieve a successful month end close, financial analysts and CMOs can view real time data at a click of a button to make informed decisions in the future.

Conclusion

In an increasingly digitised world, real time financial reporting and accurate forecasting are more vital than ever to achieve a sustainable and efficient business model. Given the circumstances faced throughout 2020, effective financial management provides businesses with a competitive advantage and greater insights to drive profitability and efficiency.

Letting go of tired and archaic practices will drive financial roles forward and open the door for a myriad of opportunities when accountants and financial analysts expand their reliance on technology and move away from traditional methods. Moving forward, organisations that don’t incorporate technology into their month end reporting will be left behind, and not reap the rewards. It’s time for the face of financial reporting and analytics to change to become a seamless, stress-free and data-driven process.

Continue Reading

Technology

Entersekt provides clarity on Secure Remote Commerce authentication techniques for financial institutions

Published

on


Entersekt provides clarity on Secure Remote Commerce authentication techniques for financial institutions 3

New whitepaper from Mercator available: Revisiting Authentication in the Age of SRC and EMV 3-D Secure

Is it time for a new authentication strategy in light of international mandates for Secure Remote Commerce (SRC) and EMV 3-D Secure? This is the question posed to financial institutions (FIs) in a new Mercator Advisory Group whitepaper entitled Revisiting Authentication in the Age of SRC and EMV 3-D Secure.

The paper, licensed by Entersekt for public distribution, delves into the role SRC and EMV 3-D Secure will play in the European Union’s Strong Customer Authentication (SCA) requirements under the revised Payment Services Directive (PSD2). It finds that now would be the ideal time for FIs to rethink customer authentication strategies, particularly with the deadline for full SCA compliance approaching on the 1st of January 2021.

“Consumers face an increasingly complex authentication landscape, which can vary greatly depending on the communication channels they use,” said Frans Labuschagne, UK&I country manager at Entersekt. “Multiple authentication techniques create unwanted friction and uncertainty. This paper gives actionable advice to FIs that need to keep security top of mind while also providing a good user experience.”

All card issuers competing for top of wallet will find useful insights in this whitepaper, which states that, “Since it is well recognised that convenience is critical to consumer adoption, it is time for financial institutions to rein in the multiplicity of authentication methods they use to identify account holders and even employees.”

Some of the key findings include:

  • The lack of an integrated solution results in an inconsistent user interface.
  • Inconsistency not only detracts from a customer’s experience but is likely to disrupt any cross-channel implementation plans an organisation might have.
  • A customer who is presented with the same authentication technique for every interaction becomes more familiar with that technique.
  • The authentication technique should be implemented on a smartphone, which 89% of UK residents between 16 and 75 already have.
  • Consumers increasingly trust smartphone-based biometrics and are growing accustomed to using smart speakers for a range of use cases.

 

To download the whitepaper in full, please visit: https://www.entersekt.com/resources/white-papers/revisiting-authentication-src-3ds

 

This is a Sponsored Feature

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

The UK’s National Data Strategy – Too Much Love? 4 The UK’s National Data Strategy – Too Much Love? 5
Top Stories3 hours ago

The UK’s National Data Strategy – Too Much Love?

By Julian Hayes, Partner at BCL Solicitors LLP “We want the UK….to be the best place in the world to...

B2B plays a big role in our economy, but how can it contribute to our recovery? 6 B2B plays a big role in our economy, but how can it contribute to our recovery? 7
Business4 hours ago

B2B plays a big role in our economy, but how can it contribute to our recovery?

By Richard Parsons from True, creative B2B marketing agency, discusses the current state of marketing and looks ahead to what...

UK leads the way in sustainable finance with the first set of requirements for investment management 8 UK leads the way in sustainable finance with the first set of requirements for investment management 9
Investing5 hours ago

UK leads the way in sustainable finance with the first set of requirements for investment management

BSI, in its role as the UK National Standards Body, has today published the first specification for responsible and sustainable...

Why investing should be treated like healthcare 10 Why investing should be treated like healthcare 11
Investing9 hours ago

Why investing should be treated like healthcare

By Qiaojia Li, co-founder and CEO at the award winning wealthtech company, Rosecut For many people, the process of investing...

Endpoint Security Industry: An Overview 12 Endpoint Security Industry: An Overview 13
Technology10 hours ago

Endpoint Security Industry: An Overview

Endpoint protection is the practice of stopping unauthorised actors and campaigns from targeting endpoints or access points of end-user computers...

Tech-enabled cash management strategies have come to the fore during the Covid-19 pandemic – and will be key to firms’ recovery from it 14 Tech-enabled cash management strategies have come to the fore during the Covid-19 pandemic – and will be key to firms’ recovery from it 15
Finance10 hours ago

Tech-enabled cash management strategies have come to the fore during the Covid-19 pandemic – and will be key to firms’ recovery from it

By Ed Thurman, managing director and head of Global Transaction Banking at Lloyds Bank Commercial Banking, outlines how technology-enabled solutions are...

5 ways to keep your team connected with split working 16 5 ways to keep your team connected with split working 17
Business10 hours ago

5 ways to keep your team connected with split working

By Sam Hill, Head of People and Culture at BizSpace  As the government switches its message back to “work from...

How to overcome the ‘groundhog day’ effect Of remote working 18 How to overcome the ‘groundhog day’ effect Of remote working 19
Top Stories10 hours ago

How to overcome the ‘groundhog day’ effect Of remote working

By Chris Farmer, leadership and management training expert and founder of Corporate Coach Group The ongoing pandemic means that for...

FinTech in Credit Markets: Efficiency and Potential Risks - Free webinar 20 FinTech in Credit Markets: Efficiency and Potential Risks - Free webinar 21
Uncategorized1 day ago

FinTech in Credit Markets: Efficiency and Potential Risks – Free webinar

As the financial industry’s landscape continually changes, the ever-quickening development in information technology has led to an unprecedented wave of...

The new virtual leaders – adapting your leadership style for a changed workforce 22 The new virtual leaders – adapting your leadership style for a changed workforce 23
Business1 day ago

The new virtual leaders – adapting your leadership style for a changed workforce

By Debbie Clifford, Head of People and Talent at Olive During this pandemic, organisations across all sectors have witnessed a dramatic...

Newsletters with Secrets & Analysis. Subscribe Now