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Gurucul Report Finds Complex IT Environments Are Main Cause of Insider Threats

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2 hours ago

October 2, 2024

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Gurucul announced today that its 2024 Insider Threat Report revealed the drivers of insider attacks, with growing IT complexity ranking first. The report from Gurucul and Cybersecurity Insiders is based on the insights of more than 400 IT and cybersecurity professionals to capture the latest trends, challenges and best practices in managing insider threats. It provides a comprehensive overview of how organizations are addressing these critical security challenges today. The report is available for download.
The landscape of insider risk management continues to evolve rapidly, driven by increasing complexities in IT environments, the adoption of hybrid work models, and knowledge workers’ increased adoption of sophisticated GenAI tools. Organizations need the right tools, processes, and resources to quickly, accurately and ethically identify insider threat risks. Many platforms don’t provide the complete data visibility and high-fidelity threat detections needed.
Gurucul’s report unearthed these key points:

What drives insider attacks: Complicated IT environments (39%), newly adopted technologies (37%) and poor security (33%) are the top three factors responsible for the skyrocketing number of insider attacks. These insights reveal the areas companies must address.
Attacks are expensive and more frequent: 48% of companies said they’ve had more insider attacks in the previous 12 months, and 51% of respondents had six or more attacks in that time. For 29% of companies, the average remediation cost surpassed $1 million.
The price tag for cyber-attacks: 32% of organizations estimated the average cost to remediate an insider attack was $100,000 to $500,000; 27% set this cost at $500,000 to $1 million. Another 21% noted their cost was $1-2 million, with 8% estimating the cost to exceed $2 million. Just 12% said their cost was under $100,000.
Tools Gap: While 50% of respondents have a partially integrated solution, 28% of organizations still rely on limited integration, managing visibility through separate, non-integrated tools, 17% have altogether insufficient tooling, and 20% use disparate systems for monitoring users, applications, and devices, revealing a significant tools gap

Saryu Nayyar, CEO and founder, Gurucul, said: “From increasingly sophisticated cyber threats to rapid changes in the market and in technologies, organizations today face a myriad of cybersecurity challenges. Our report revealed that organizations are struggling with an increasing number of insider attacks, which can devastate a business. A strong cybersecurity strategy that incorporates next-generation threat detection, investigation and response technology is a key component in winning the battle against these and other threats.”
Methodology: In conjunction with Cybersecurity Insiders, Gurucul’s 2024 Insider Threat Report is based on a comprehensive online survey of 413 cybersecurity professionals, conducted in August 2024, to gain deep insight into the latest trends, key challenges, and solutions for insider threat management.
The post Gurucul Report Finds Complex IT Environments Are Main Cause of Insider Threats appeared first on HIPTHER Alerts.

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DELTA ELECTRONICS’ ENERGY-EFFICIENT PRECISION COOLING TECHNOLOGY TAKES CENTER STAGE AT DATA CENTRE WORLD ASIA 2024

Published

6 hours ago

October 2, 2024

Wladimir P.

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Delta, a global leader in power management and provider of IoT-based smart green solutions, is set to showcase its state-of-the-art precision cooling technology at Data Centre World (DCW) Asia 2024, happening from October 9-10 at the Marina Bay Sands, Singapore. Seamlessly blending infrastructure with design innovation, Delta will highlight its exemplary solutions at DCW 2024, including the Air-Assisted Liquid Cooling (AALC) system and the Coolant Distribution Unit (CDU), both designed for efficient circuit separation in high-performance computing.
“Our commitment to boosting data center sustainability is reflected in our innovative energy storage solutions, which are integral to our next generation of data centers,” said Mr David Leal, Vice President of SEA Business, Delta. “By tackling power resilience and reliability head-on, we’re not only enhancing operational efficiency but also ensuring that our customizable solutions provide unmatched reliability and cooling measures, whether for retrofitting existing facilities or supporting scalable growth in new projects.”
As AI technology progresses, the demand for more powerful and efficient servers continues to grow. High-performance servers, with central processing units or graphics processing units as their most energy-intensive components, necessitate advanced cooling solutions to manage increasing energy consumption.
At DCW Asia 2024, Delta will present its AALC system designed for High-Performance Computing and Artificial Intelligence workloads in data centers. The AALC offers a closed-loop liquid solution, eliminating the need for raised floors or facility piping, and delivers cooling density 2.5 times greater than air cooling with minimal power consumption (

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Manulife Leads the Charge in Generative AI Innovations: Enhancing Productivity and Elevating Customer Experience

Published

6 hours ago

October 2, 2024

Wladimir P.

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Following the exciting GenAI capabilities and initiatives that Manulife displayed at the recent Investor Day, Manulife today announced a significant leap in implementing its Generative Artificial Intelligence (GenAI) to transform business processes and elevate customer service with new capabilities across Asia, including the integration of GenAI with the agent experience in Singapore.
With the integration of capabilities and tools ranging from optimized contact centre technology, a Sales Agent Enablement tool, and leveraging GenAI for underwriting, Manulife is placed at the forefront of GenAI adoption within the insurance industry.
“GenAI is accelerating our transformation, driving growth, and highlighting innovative opportunities to drive efficiency across our organization,” said Karen Leggett, Global Chief Marketing Officer, Manulife. “Our market-leading progress in deploying and scaling multiple global use cases are resulting in deeper customer engagement and satisfaction. The significant investments we’ve made in cloud, data capabilities, and talent are enabling our speed, efficiency, and innovation to lead in the GenAI space.”
Enhancing Customer Interactions with AI in our Contact Centres
Manulife’s commitment to AI extends to customer service, where GenAI is being utilized in contact centres to enhance the efficiency and accuracy of client interactions. The technology automates call summaries, performs daily trend analysis, and manages complex contract lookup within seconds, enabling servicing colleagues to provide faster, more precise responses. The first rollout in Asia will take place in Singapore by the end of the year.
Transforming Sales and Underwriting in Singapore
Manulife is also making waves with the launch of two GenAI initiatives in Singapore that are transforming the way our Manulife agents and underwriters operate, setting new benchmarks for the industry.

Sales Agent Enablement Tool: This innovative tool equips agents with deep insights into customer preferences and needs, significantly enhancing the personalization of customer interactions. Based on a customer’s last 12-months of engagement, life stage and needs, and recent news, the Sales Enablement tool leverages a combination of traditional AI, automation, and GenAI to generate engagement ideas unique to each customer. Launched to a pilot group in May and extended to over 2,000 agents in Singapore in July, and planned expansion to Japan later this year, Manulife is enabling agents to have more effective needs-based conversations and create stronger, more personalized customer experiences.

In the first two weeks of launch, about 68% of pilot agents had already used the new GenAI capabilities to engage with customers. A total of 12 enhancements are planned for the remainder of the year. The success of this Singapore-developed tool is paving the way for rollout in other global markets.

Underwriting Assistant: The Underwriting Assistant leverages GenAI to streamline the underwriting process by automating the analysis and summarization of documents. With the assistance of our GenAI-powered Underwriting Assistant, Manulife can significantly expedite this process from a 5-day window, down to a target process window of 3-days. This new tool is slated to launch in October 2024.

This automation not only accelerates processing times for our customers, but also improves accuracy in decision-making, further simplifying the underwriting process and freeing up underwriters to focus on more complex cases.

“The launch of these AI-driven tools in Singapore will significantly improve customer interactions by providing faster, more accurate, and personalized service. By automating routine tasks in underwriting and streamlining customer support through AI, we are furthering our commitment to delivering exceptional value to our customers and colleagues alike,” said Mark Czajkowski, Chief Analytics Officer, Asia and Chief Marketing Officer, Singapore.
Looking to the Future: Expanding AI Capabilities
Manulife recently published its Responsible AI Principles, empowering the company to deliver impactful solutions for its customers, colleagues, and society. As AI continues to advance, Manulife will evolve its principles in line with the maturing industry as new or updated regulations emerge.
These GenAI capabilities are just the beginning of a broader strategy for Manulife to revolutionize business operations and customer service in the journey to digital, customer leadership. Manulife is continuously refining these tools to better support our sales force, enhance our operations, and benefit our colleagues, customers, and shareholders.
The post Manulife Leads the Charge in Generative AI Innovations: Enhancing Productivity and Elevating Customer Experience appeared first on HIPTHER Alerts.

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Mergermarket announces 2024 British Private Equity Awards winners

Published

6 hours ago

October 2, 2024

Wladimir P.

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Mergermarket, an ION Analytics service, held its 20th annual British Private Equity Awards at The Brewery in London on 01 October 2024 recognizing the year’s best funds, standout exits, and advisors. The winners were announced live at the ceremony, attended by over 300 guests.
To determine this year’s winners, an independent judging process combined the insights of industry veterans with internal expertise and Mergermarket’s data and intelligence, ensuring a rigorous selection process from over 100 submissions.
“The British Private Equity Awards honor innovation and excellence within the private equity community,” said Rachel Lewis, Head of Auctions and Chair of the Judging Panel at Mergermarket.
“They recognize the industry’s successes in returning capital to their investors. During the judging period, the exit value in the UK doubled to GBP 20 billion from the year before. This occurred despite a grueling market and showcased these firms’ remarkable flexibility in adapting to market conditions. We are thrilled to recognize the best funds and advisors working in the UK and present awards to 19 firms that excelled this year.”
The winners are: