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Lunar Rovers on the Moon Become Washington’s Newest State Historic Landmarks

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Seattle, Washington, Oct. 23, 2020 — Seattle, Wash. – October 23, 2020 – Today, Greater Seattle Partners, the city of Kent and the Kent Downtown Partnership in King County, Wash. announced the historic landmark designation for the Lunar Roving Vehicles built at the Boeing Space Center and used in Apollo Missions 15, 16 and 17 in 1971 and 1972. These Lunar Rovers were the first “moon buggies” to allow humans to explore more of the Moon’s surface.

A virtual public hearing in front of the Washington State Advisory Council on Historic Preservation took place this Friday, October 23, 2 p.m. PST via Zoom. Washington became the third state in the country, behind California and New Mexico, to list lunar objects in its historic register.

“Kent Valley is rooted in rich aerospace history due to Boeing’s early presence and a world-class, specialized workforce that continues to develop innovative technology,” said Michael Lombardi, historian, Boeing. “This region’s impact on space exploration has global significance, and we’re pleased to honor the achievements of these Lunar Roving Vehicles and their brilliant engineers.”

This year marks the 51st anniversary of Boeing winning the NASA contract to develop these Lunar Roving Vehicles. In an engineering feat, Boeing built these vehicles in only 17 months for six astronauts to safely explore the Moon’s landscape. The most successful missions to the Moon were made possible through the Lunar Roving Vehicles.

“This was an historic opportunity to highlight a world-class innovation from Kent. These vehicles are still on the moon today; this recognition will share a piece of Kent with the region, state and even the world,” said Kent Mayor Dana Ralph.

Having the Lunar Rovers listed on our state’s register of historic places is a way to not only profile our region’s role in NASA’s historic Apollo Program, but also its continuing role in space exploration to inspire today’s future workforce. These historic contributions paved the way for future space exploration and technology.

Ranked number two in the nation for aerospace engineers, the Greater Seattle region has long been at the forefront of the space industry with market segments in Spacecraft & Launch Vehicles – Propulsion Systems & Fuels – Navigation & Control – and Computer Hardware, Software & Robotics. Today, there are more than 90 space-specific companies in greater Seattle including:

  • Blue Origin
  • BlackSky
  • Planetary Resources
  • Spaceflight Industries
  • SpaceX
  • Stratolaunch Systems Corporation
  • RBC Signals

A detailed report of Washington’s Space Economy can be found here: https://www.psrc.org/sites/default/files/the_washington_state_space_economy-nov2018.pdf

ABOUT GREATER SEATTLE PARTNERS

Greater Seattle Partners collaborates with community and economic development partners to ensure that every person in the Puget Sound region has the opportunity to prosper. We strive to attract quality family/living wage jobs and sustain jobs across all income levels in all parts of the region. Throughout the world we tell the story of our talent, pioneering spirit, unique communities, and quality of life. More information can be found at https://greater-seattle.com.

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Robert Payne  Greater Seattle Partners  4048517965  [email protected]  

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Shanxi Shows Its New Charm of Cultural and Tourism Integration at China International Travel Mart 2020

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HONG KONG SAR – Media OutReach – 16 November 2020 – The China International Travel Mart 2020 (CITM 2020), co-sponsored by the Ministry of Culture and Tourism, Civil Aviation Administration of China, and the Shanghai Municipal People’s Government, will kick off at the Shanghai New International Expo Center from November 16th to 18th. With the theme of “Ancient Civilization of China · Beautiful Scenery of Shanxi”, Culture and Tourism Department of Shanxi Province will fully display Shanxi’s rich cultural tourism resources and products, such as “three world heritages” and three tourism sectors which are “the Yellow River, the Great Wall, and the Taihang Mountains”, showing its unique charm to the world.

 

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Shanxi gets its name for being located in the west of Taihang Mountains. Its unique natural geographical conditions gestate magnificent scenery of Shanxi. The Yellow River ranked as the second-longest river in China, flows through 4 cities and 19 counties in Shanxi Province, forming the Hukou Waterfall, Qiankun Bay, Laoniu Bay, and other spectacular scenery. The beautiful landscape along the Taihang Mountains, represented by Hengshan Mountain, Taihang Grand Canyon, and Mount Wangmang, makes its four seasons as beautiful as paintings.


Shanxi Province, known as one of the cradles of Chinese civilization and one of the major provinces of Chinese culture, has left us numerous scenic spots, historical sites, and cultural treasures in the long history of thousands of years. The stories of Yao, Shun and Yu and their historical sites and remains have proven that it was the first place called “China”. Mount Wutai, the holy land of Buddhism, Pingyao Ancient City, and the Yungang Grottoes, one of the greatest ancient stone carving art treasure houses, are World Heritage Sites in Shanxi. The Great Wall, as the most recognizable cultural symbol of China, stretches 8,851 km (5500.3 mi), with 3,500 km (2175 mi) of that run across Shanxi Province. What’s more, intangible cultural heritages and food feasts throughout Shanxi make its cultural tourism brand image richer and livelier.


We do believe that the Culture and Tourism Department of Shanxi Province will bring Shanxi’s ancient Chinese civilizations and beautiful scenery to people from home and abroad with impressive results at the mart.

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Allianz: Cyber crime brings expensive losses for companies, but internal failures most frequent cause of cyber claims

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  • AGCS analysis of more than 1,700 cyber claims: External events such as “DDoS” attacks result in the most costly cyber losses but internal incidents like human error or systems failure occur more often, albeit with a lower financial impact.
  • Business interruption is the main cost driver of cyber claims. Inability to access data or services can have a significant impact on revenues, given growing reliance on online sales.
  • Rise in ransomware attacks, the cost of larger data breaches and the Covid-19 working landscape present significant future cyber risks.

JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO PAULO/SINGAPORE – Media OutReach – 19 November 2020 – External attacks on companies result in the most expensive cyber insurance losses but it is employee mistakes and technical problems that are the most frequent generator of claims by number, according to a new report from Allianz Global Corporate & Specialty (AGCS), Managing The Impact Of Increasing Interconnectivity — Trends In Cyber Risk. The study analyzes 1,736 cyber-related insurance claims worth EUR 660mn (US$ 770mn) involving AGCS and other insurers from 2015 to 2020.

 

“Losses from incidents such as distributed denial of service (DDoS) attacks or phishing and ransomware campaigns account for a significant majority of the value of cyber claims today,” says Catharina Richter, Global Head of the Allianz Cyber Center of Competence, which is embedded into AGCS. “But although cyber crime generates the headlines, everyday systems failures, IT outages and human error incidents can also cause problems for companies, even if their financial impact is not, on average as severe. Employers and employees must work together to raise awareness and increase cyber resilience.”

The number of cyber insurance claims AGCS has been notified of has steadily risen over the last few years, up from 77 in 2016, when cyber was a relatively new line of insurance, to 809 in 2019. In 2020, AGCS has already seen 770 claims in the first three quarters. This steady increase in claims has been driven, in part, by the growth of the global cyber insurance market which is currently estimated to be worth $7bn according to Munich Re. AGCS started offering cyber insurance in 2013 and, in 2019, generated more than EUR 100mn in gross written premium in this segment. At the same time the report also highlights that there has been a 70%+ increase in the average cost of cyber crime to an organization over five years to $13mn and a 60%+ increase in the average number of security breaches.

 

Losses resulting from external incidents, such as DDoS attacks or phishing and malware/ransomware campaigns, account for the majority of the value of claims analyzed (85%) according to the report, followed by malicious internal actions (9%) — which are infrequent but can be costly. Accidental internal incidents, such as employee errors while undertaking daily responsibilities, IT or platform outages, systems and software migration problems or loss of data account for over half of cyber claims analyzed by number (54%) but, often, the financial impact of these is limited compared with cyber crime. However, losses can quickly escalate in the case of more serious incidents.

 

Business interruption is the main cost driver behind cyber losses, accounting for around 60% of the value of all claims analyzed in the report, followed by costs involved with dealing with data breaches.

The cyber risk environment is not expected to become any easier in future, the report notes. Businesses and insurers are facing a number of challenges such as the prospect of more expensive business interruptions, the rising frequency of ransomware incidents, more costly consequences of larger data breaches given more robust regulation and litigation, as well as the impact from the playing out of political differences in cyber space through state-sponsored attacks. The impact of these trends is also the subject of a new AGCS podcast.

The huge rise in remote working due to the coronavirus pandemic is also an issue. Displaced workforces create new opportunities for cyber criminals to gain access to networks and sensitive information. Malware and ransomware incidents are already reported to have increased by more than a third since the start of 2020, while coronavirus-themed online scams and phishing campaigns about the pandemic continue. At the same time the potential impact from human error or technical failure incidents may also be heightened.

While exposures are rising, the Covid-19 outbreak cannot yet be said to be a direct cause of cyber-related claims. AGCS has seen the first few cyber claims that can be indirectly attributed to the Covid-19 landscape, including ransomware attacks which can be linked to the shift to more remote working. However, it’s too early to confirm a broader trend.

 

Ransomware threats surge

Already high in frequency, ransomware incidents are becoming more damaging, increasingly targeting large companies with sophisticated attacks and hefty extortion demands. There were nearly half a million ransomware incidents reported globally last year, costing organizations at least $6.3bn in ransom demands alone. Total costs associated with dealing with these incidents are estimated to be well in excess of $100bn.

 

“High-end hacking tools are more widely available driven by the growing ‘commercialization of cyber-hacks’. Increasingly, criminals are selling malware to other attackers who then target businesses demanding ransom payments,” says Marek Stanislawski, Global Cyber Underwriting Lead at AGCS. “However, extortion demands are just one part of the picture. Business interruption can bring the most severe losses — with downtimes becoming longer — while systems and data restoration costs can quickly escalate.”

 

Business interruption and digital supply chain vulnerability growing

“Whether due to ransomware, human error or a technical fault, the loss of critical systems or data can bring an organization to its knees in today’s digitalized economy,” says Joerg Ahrens, Global Head of Long-Tail Claims at AGCS. “The inability to access data for an extended period of time can have a significant impact on revenues — for example, if a company is unable to take orders. Similarly, if an online platform is unavailable due to a technical glitch or cyber event, it could bring large losses for companies that rely on it, particularly given today’s increasing reliance on online sales or digital supply chains.”

 

Data breaches and state-sponsored attacks

 

The cost of dealing with a large data breach is rising as IT systems and cyber events become more complex, and with the growth in cloud and third-party services. Data privacy regulation, which has recently been tightened in many countries, is also a key factor driving cost, as is growing third-party liability and the prospect of class action litigation. So-called mega data breaches (involving more than one million records) are more frequent and expensive, now costing $50mn on average, up 20% over 2019.

 

In addition, the impact of the increasing involvement of nation states in cyber-attacks is a growing concern. Major events like elections and Covid-19 present significant opportunities. During 2020 Google said it has had to block over 11,000 government-sponsored potential cyber-attacks per quarter. Recent years have seen critical infrastructure, such as ports and terminals and oil and gas installations hit by cyber-attacks and ransomware campaigns.

 

Prepare, practice and prevent

 

Preparation and training of employees can significantly reduce the consequences of a cyber event, especially in phishing and business email compromise schemes, which can often involve human error. It can also help mitigate ransomware attacks, although maintaining secure backups can limit damage. Cross-sector exchange and cooperation among companies — such as what has been established by the Charter of Trust — is also key when it comes to defying highly commercially-organized cyber crime, developing joint security standards and improving cyber resilience.

The Covid-19 landscape brings new challenges. With home-working widespread, security around access and authentication points is critical but organizations should also ensure there is sufficient network capacity as this can have a significant impact on lost income if there is an outage.

About Allianz Global Corporate & Specialty SE

Allianz Global Corporate & Specialty (AGCS) SE is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,450 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

www.agcs.allianz.com

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Twitter: @AGCS_Insurance


Cautionary Note Regarding Forward-Looking Statements

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may”, “will”, “should”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” and similar expressions identify forward-looking statements.

Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group’s core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

The matters discussed herein may also be affected by risks and uncertainties described from time to time in Allianz SE’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement.

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Fireblocks Raises $30 Million In Series B Funding Led by Paradigm

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Fred Ehrsam joins Fireblocks Board of Directors as company looks to aggressively expand its presence in key global markets

 

NEW YORK, HONG KONG and SINGAPORE – Media OutReach – 19 November 2020 – Fireblocks (www.fireblocks.com) announced today it has raised $30 million in Series B funding, bringing its cumulative fundraising to $46 million. This round was led by Paradigm (https://www.paradigm.xyz) with participation from existing investors, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Cedar Hill Capital. Coinciding with the completion of this round of fundraising is the addition of Fred Ehrsam to Fireblocks’ Board of Directors. Ehrsam is the co-founder and Managing Partner at Paradigm, and co-founder of Coinbase.

 

“Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones,” said Ehrsam. “The extraordinary growth of the Fireblocks Network and its team in the last year attests to the enormous value they have unlocked for enterprise and institutional customers. Beyond custody, Fireblocks has made a simple crypto backend for everything from hedge funds to fintech platforms to plug directly into crypto and be able to access every trading venue, liquidity provider, lending desk,counterparty, and crypto-native app in the ecosystem.”

 

Since launching in June 2019, Fireblocks has facilitated the transfer of over $150 billion in digital assets for enterprise and institutional customers in Asia, Europe and North America. In Asia, Fireblocks has offices in Hong Kong and Singapore. Using Fireblocks’ MPC-based wallet infrastructure and Network for secure custody and settlement, companies such as Revolut, Celsius, BlockFi, PrimeTrust, Genesis, Nexo and more have securely expanded or launched new digital asset services. Today, the Fireblocks Network boasts 160+ active institutional participants, including some of the biggest liquidity providers, such as B2C2, Galaxy, Amber, and Three Arrows.

 

“By removing the complexities and costs associated with launching and expanding into new business streams that deal with digital assets and cryptocurrencies, we’ve seen a 533% increase in customer growth in Q3 as well as traction and adoption with some of the biggest and most innovative companies in finance,” said Michael Shaulov, CEO of Fireblocks. “The digital asset market is evolving rapidly and it’s happening simultaneously, all around the world. With the new injection of capital, we will be able to continue to grow our in-house R&D, marketing and sales talent to continue pushing the envelope on product innovation, and customer growth in key geographic regions.” 

 

To support the rapid growth of the company, Fireblocks has expanded its team, welcoming Matt Maloney as Fireblocks’ SVP of Global Sales from Cisco. The company will be looking to make key strategic hires in product, engineering, and customer success.

 

In the next year, Fireblocks plans to continue to expand its services globally, working to empower new innovations in digital payments, banking, transactions and advance the security of the digital asset ecosystem.

 

For more information about job opportunities please visit: www.fireblocks.com/careers

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks has secured the transfer of over $150 billion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.

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