LogRhythm, the company powering the world’s most modern enterprise security operations centers (SOCs), announced that it has received the Singapore Business Review (SBR) Technology Excellence Award for the category: Cyber Security – Computer Software. The award recognises LogRhythm’s NextGen SIEM Platform, a solution that allows organisations to reduce cyber risk by rapidly detecting, responding to, and neutralising cyber threats before they cause damage.
The award distinguishes companies with innovative products and solutions that have effectively helped customers in realising their digital transformation, within their needs and internal processes, across various industries.
“We are honored to receive the 2019 Singapore Business Review Technology Excellence Award. This is a testament to the outstanding effort our team has put in as well as the overwhelming support from our customers and partners as we innovate to manage the cybersecurity challenges of today’s digital landscape,” said Joanne Wong, Senior Regional Director, Asia Pacific & Japan, LogRhythm. “Many of customers are in Critical Information Infrastructure (CII) sectors including petrochemical, defence, education, and security. As they continue to digitise their infrastructure and processes, they must have a strong cybersecurity strategy to respond to evolving cyber threats. At LogRhythm, innovation is in our DNA. Over the years, we have constantly enhanced our solutions to ensure our customers are able to keep up with the increasingly sophisticated methods employed by hackers.”
Built for security professionals by security professionals, LogRhythm’s highly scalable NextGen SIEM Platform employs data lake technology; artificial intelligence (AI); security analytics; and security orchestration, automation, and response (SOAR) to power and unify forensic visibility, advanced threat detection, and incident response in a single end-to-end solution. Organisations using the platform experience a reduced mean time to detect (MTTD) and mean time to respond (MTTR) to threats. This is enabled by rule-based and behavioural analytics — powered by an extensive library of threat scenarios and machine learning.
“Singapore Business Review recognises LogRhythm’s outstanding contributions as one of the leaders of innovation within the cybersecurity space,” said Timothy Charlton, Publisher and Editor-in-Chief, Singapore Business Review. “LogRhythm has successfully implemented strategic technologies of our time and has proven to possess a culture of innovation and dedication to delivering top-of-the-line security solutions to their customers.”
Recipients of the Singapore Business Review Technology Excellence Award were selected by a panel of elite judges from organisations such as Ernst & Young LLP, Nexia TS, KPMG, BDO LLP and RHTLaw Taylor Wessing LLP.
The award was presented to LogRhythm during the inaugural SBR Technology Excellence Awards held at Conrad Centennial, Singapore on May 30.
Plant Asset Management Market (PAM) Worth $9.4 Billion by 2024 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Plant Asset Management Market (PAM) by Offering (Software and Services), Deployment Mode (Cloud-based and On Premises), Asset Type (Production Assets and Automation Assets), End-user Industry (Process and Discrete), and Geography – Global Forecast to 2024″, published by MarketsandMarkets™, the Plant Asset Management Market is projected to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%. Major factors fueling the market growth include surging adoption of lean manufacturing practices by several organizations, increasing focus on providing cloud-based PAM solutions to satisfy customer demands, escalating demand for asset management software that can identify potential failures to avoid futuristic loss, and growing need for real-time data analytics.
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“Services to lead plant asset management market by 2024”
The deployment of PAM software is a costly process and a one-time activity, whereas PAM services that include maintenance needs, software upgrades, and personnel training are demanded by end-user industries continuously. Hence, PAM services have a more significant contribution to generating more revenue than PAM software solutions. Further, market players are focusing on offering industry-specific services to meet the ever-changing demands of different industries.
“Production assets to hold largest share of PAM market during forecast period”
Rising adoption of PAM solutions for monitoring rotating and reciprocating equipment, among others, across various industries is expected to drive the growth of the PAM market during the forecast period. Moreover, incidents of unplanned shutdowns or slowdowns due to equipment failures lead to high financial loss in terms of damage to equipment, production losses, and unscheduled maintenance. However, real-time health and performance insights encourage informed actions and decisions to improve plant efficiency minimizing risks of equipment failure, thereby reducing the wastage of valuable finances. Hence, the demand for PAM solutions is high to manage these production assets.
Browse in-depth TOC on “Plant Asset Management Market“
109 – Tables
52 – Figures
178 – Pages
“Asia Pacific to be largest market for PAM during forecast period”
Asia Pacific presents a substantial market for PAM. The PAM market in APAC is growing rapidly due to several advancements and technological innovations in different manufacturing industries. The adoption of PAM solutions is high in APAC due to the growing manufacturing sector in the region. Most of the key manufacturers from different industries have shifted their manufacturing plants in APAC due to the low labor cost and availability of a skilled workforce. These manufacturing units are using asset management solutions for the improvement in the overall manufacturing processes, which is expected to drive the growth of the PAM market in the region.
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Major players in the PAM market are Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Siemens (Germany), and SKF Group (Sweden).
Please Explore Relevant Reports:
Smart Factory Market by Technology (DCS, PLC, MES, ERP, SCADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), Industry, and Geography – Global Forecast to 2024
Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), Industry, and Geography – Global Forecast to 2024
Happy Lunar New Year! Canada Post celebrates Year of the Rat
Canada Post has issued two stamps celebrating the Year of the Rat – representing the first year in the Lunar New Year cycle and the final issue in a second 12-year series honouring the annual festival.
The Year of the Rat begins on January 25, 2020, and ends on February 11, 2021. A symbol of fertility and intelligence, the rat is said to confer great cunning, tact and vitality on those born under its sign.
Designed by Albert Ng (O.Ont.) and Seung Jai Paek, of Albert Ng and Associates, the stamps portray the traditional story of the rat’s daughter’s wedding in the style of folk art known as Chinese farmer painting. The Permanent™ domestic-rate stamp depicts the bride on route to her nuptials, while the International-rate stamp reveals the happily married couple.
The Year of the Rat stamps will be available tomorrow, January 17, in Permanent domestic- and International-rate booklets, as well as a gummed pane of 25 domestic-rate stamps framed by four Chinese blessings. Philatelic collectibles include an unsealed, International-rate Official First Day Cover suitable for use as a “money envelope” for traditional gift-giving.
SOURCE Canada Post
Announcing the Anti-Human Trafficking Intelligence Initiative and Honoring Human Trafficking Awareness Month
Assisting the Fight
Across the United States, human trafficking exists everywhere, even in your local town square. The horrifying statistics drove Aaron Kahler to found the Anti-Human Trafficking Intelligence Initiative, a non-profit dedicated to partnering with financial institutions, corporations and law enforcement to combat human trafficking.
“ATII will deliver innovative solutions to disrupt human trafficking networks by assisting financial gatekeepers in identifying, reporting and terminating relationships with associated customers,” says Aaron Kahler, CEO of ATII.
For example, nestled into a pristine part of the Poconos, Stroudsburg is an idyllic borough in Pennsylvania, a vibrant town, a vacation haven. Last week in Stroudsburg, the US Attorney’s Office in Pennsylvania announced that Sirvonn Taylor, was sentenced to 20 years’ imprisonment for heading-up a conspiracy that forced women to engage in prostitution. In this bucolic town, “Females were ‘sexed-in’ to the gang, forced to engage in sex with members and recruited to engage in prostitution.” PR 1.6.2020
ATII will disrupt the way traffickers operate around major events nationwide starting at this year’s Super Bowl in Miami, FL with the release of a human trafficking awareness and victim outreach mobile application. The application allows victims to scan a QR code where necessary help can be accessed in her primary language.
Driving Corporate Social Responsibility
Relying on technology/data partnerships and corporate social responsibility leadership, ATII has been able to curate initiatives and provide resources to organizations including:
- High Risk Trafficking Data that can be leveraged through any transaction monitoring, sanctions or onboarding technology
- E-learning that can be utilized by institutions to comply with anti-money laundering regulatory requirements
Networking and Partnerships Extend the Battle Against Human Trafficking
Leveraging ATII’s programs, best practices, data, technology and reporting mechanisms in as many financial institutions as possible will directly result in Suspicious Activity Reports (SARs) being filed on human trafficking and ultimately save lives while bringing traffickers to justice.
SOURCE Anti-Human Trafficking Intelligence Initiative
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