The cyber protection leader noticed a 122% increase in malware detection in the country for its users in the first half of March according to its experts
Dubai, United Arab Emirates -Tuesday 22 March 2022 [ AETOS Wire ]

Acronis, the global leader in cyber protection, has revealed that daily malware detections in the United Arab Emirates (UAE) have been on the rise in the month of March - a worrying trend that exposes the critical need for cybersecurity in the region, especially for small business size companies.

Speaking ahead of this year's Gulf Information Security Expo & Conference (GISEC), Candid Wuest, Acronis VP, Cyber Protection, said that the UAE had come under sharp focus this month over increased cases of malware.

“Over the last two weeks we have seen a rapid increase in new cyber threats, which could be a concern. Our latest data indicates that between March 3, 2022 and March 11, 2022, malware detections alone have increased by ... Read more »

DUBAI, UNITED ARAB EMIRATES.-Tuesday 22 March 2022 [ AETOS Wire ]

Lockton MENA Ltd has announced the appointment of its new Regional Chief Executive Officer, Faris Khatib. Faris will provide executive leadership of the world’s largest private insurance broker’s subsidiaries in the region. Lockton confirmed that it will continue its focus on expanding its footprint in the region and Faris Khatib will be at the helm of its planned expansion strategy.

Faris brings deep rooted experience to the role. His most recent position as Chief Executive Officer of Lockton Insurance Brokers UAE, brought complete transformation to the company. His leadership, market knowledge and client relationships grew the company exponentially.

Fadi Ashkar will take the position of Regional Managing Director across the retail operations and will be working alongside Faris on building and managing the region. His success in his recent position, Head of Employee Benefits, will ... Read more »

SAN FRANCISCO-Tuesday 22 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Andersen Global adds depth to its platform in Bangladesh through a Collaboration Agreement with law firm A.S & Associates, establishing a full suite of integrated tax and legal capabilities in the country.

With two offices in Dhaka and a branch office in Mymensingh, A.S & Associates offers full-service capabilities in banking and finance, litigation, energy, capital markets, international and commercial contracts, employment law, telecommunications, taxation, incorporation for foreign investments, structuring and restructuring including merger and acquisitions. The firm, recognized by Chambers & Partners, the Legal 500, Asialaw and IFLR1000, serves foreign and domestic clients, including major multinational organizations and Fortune 5 ... Read more »

Learn about how Full-Stack Lidar Solutions are Transforming Transportation and Robotics Across the Globe

SAN JOSE, Calif.-Tuesday 22 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced the second season of its digital learning series called Velodyne Lidar LIVE! begins March 25, 2022 at 10:00 a.m. PDT. The series leads off with a “TechTalk” featuring two Velodyne lidar experts in a deep dive conversation about the Velarray M1600 sensor and Vella Development Kit (VDK) software. The session explores how these products provide a full-stack solution to accelerate development and time to market for ever-evolving autonomous technologies.

To register for episodes of the free Velodyne Lidar Live! webinar series visit: https://velodynelidar.com/events/.

Velodyne Lidar LIVE! looks at lidar-enabled technology and its applications, as well as public policy topics that address improving people&r ... Read more »

Velodyne’s Intelligent Infrastructure Solution Selected as Best-in-Class in Smart Cities, Transportation & Delivery Awards Category

SAN JOSE, Calif.-Tuesday 15 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its Intelligent Infrastructure Solution won the 2022 SXSW Innovation Awards by the South by Southwest® (SXSW®) Conference and Festivals. Velodyne’s smart city solution was recognized for its exemplary innovation in the Smart Cities, Transportation & Delivery Awards category.

Intelligent Infrastructure Solution (IIS) delivers traffic monitoring and analytics to improve road safety, efficiency and air quality, and help cities plan for smarter, safer transportation systems. The full stack solution, combining Velodyne’s award-winning lidar sensors and Bluecity’s AI software, is deployed across three continents, including systems rolled out in Texas, Florida, Nevada ... Read more »

Ransomware Gangs, DDoS-for-Hire Services, and Server-Class Botnet Armies Make Attacks Easier to Launch with Greater Sophistication

(BUSINESS WIRE) -- NETSCOUT SYSTEMS, INC., (NASDAQ: NTCT) today announced findings from its bi-annual Threat Intelligence Report. During the second half of 2021, cybercriminals launched approximately 4.4 million Distributed Denial of Service (DDoS) attacks, bringing the total number of DDoS attacks in 2021 to 9.75 million. These attacks represent a 3% decrease from the record number set during the height of the pandemic but continue at a pace that's 14% above pre-pandemic levels.

The report details how the second half of 2021 established high-powered botnet armies and rebalanced the scales between volumetric and direct-path (non-spoofed) attacks, creating more sophisticated operating procedures for attackers and adding new tactics, techniques, and methods to their arsenals.

“While it may be tempting to look at the ... Read more »

Sharjah, United Arab Emirates-Tuesday 22 March 2022 [ AETOS Wire ]

30 MBA students meet Crescent Enterprises leadership to gain insights and understanding of the UAE business practices and landscape

Over 150 students have been hosted by Crescent Enterprises since 2015

Crescent Enterprises welcomed 30 MBA students from New York-based, Columbia University Business School (CBS), as part of an educational trip designed to increase the students’ understanding of the local business landscape. The programme, which took place at the Sharjah Chamber of Commerce, is the first since the onset of the pandemic.

The students were given an opportunity to hear from and interact with senior leadership from Crescent Enterprises. Representatives delivered presentations on the company’s rise from a regional entity to a global diversified conglomerate, and its diversification strategies from ports, and logistics to venture capital and incubation. Leadership al ... Read more »

Combination of SES GS and DRS GES unites the leader in multi-orbit satellite networking with unparalleled US Government satellite communications integration to deliver broader suite of high-value, best-in-class satcom solutions to US government customers

(BUSINESS WIRE)-- Leonardo DRS Inc., announced today it has signed a definitive agreement to sell its Global Enterprise Solutions (GES) business to SES for $450 million. The transaction has been approved by the boards of directors of Leonardo DRS and of SES. Finalization of the deal is targeted for the second half of 2022 subject to regulatory approvals.

“The DRS GES business is well-respected by its customers and within the satellite communications (SATCOM) provider services market, and we are very pleased with the agreement reached with SES,” said Bill Lynn, CEO of Leonardo DRS. “While the DRS GES business has flourished, Leonardo DRS has shifted its portfolio focus, and selling it now makes the m ... Read more »

- Putting into practical use a next-generation control technology that takes into account quality, yield, energy saving, and sudden disturbances -

(BUSINESS WIRE) -- Yokogawa Electric Corporation (TOKYO: 6841) and JSR Corporation (JSR, TOKYO: 4185) announce the successful conclusion of a field test in which AI was used to autonomously run a chemical plant for 35 days, a world first*1. This test confirmed that reinforcement learning AI can be safely applied in an actual plant, and demonstrated that this technology can control operations that have been beyond the capabilities of existing control methods (PID control*2/APC*3) and have up to now necessitated the manual operation of control valves based on the judgements of plant personnel. The initiative described here was selected for the 2020 Projects for the Promotion of Advanced Industrial Safety subsidy program of the Japanese Ministry of Economy, Trade and Industry.

Control in the process industries spans a broad r ... Read more »