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Akamai announces five cloud computing sites in Europe, the US … – DatacenterDynamics

Content delivery network (CDN) player Akamai has launched three cloud computing sites in the US and France, with more planned in the coming weeks in the US and India.

The company this week announced the launch of sites in Washington, DC and Chicago in the US as well as Paris, France, with Seattle and Chennai, India opening later this quarter. The company also announced new instances, doubled the capacity of its object storage product to one petabyte and one billion objects per bucket, and will be launching a load balancing service later this year.

The new cloud sites will be located in colocation facilities - Akamai did not specify which.

The company said new sites mark the first step in Akamais push to put compute, storage, database, and other services on top of the same underlying backbone that powers its Edge network globally.

Distributed workloads require distributed infrastructure, said Adam Karon, chief operating officer and general manager, cloud technology group, Akamai Technologies. Legacy, centralized cloud architecture was not designed for the demands of developers and companies challenged with delivering better user experiences that increasingly require putting applications and data closer to the customer.

Akamai was one of the first content delivery networks, originally created at the end of the last century to speed up Internet pages to users and now has some 4,100 locations in 135 countries, where it places racks of equipment to support the delivery of content locally.

Launched in February 2023, Akamais Connected Cloud is intended as a more distributed alternative to the likes of AWS and Azure. It offers dedicated and shared CPU, GPU, containers, storage, database, and serverless services.

The services are delivered from an expanded set of locations beyond the initial 11 sites Akamai took over when it bought cloud hosting company Linode for $900 million in February 2022. Akamai promises to drive down the cost of cloud computing with cheaper egress charges based on "bringing CDN-like economics to cloud data transfer."

Founded in 2003, at the time of the acquisition Linode operated in colocation space in 11 data centers across America, Canada, Germany, the UK, India, Japan, Singapore, and Australia. On Akamai's website, the company lists future planned core sites in Los Angeles, California; Miami, Florida; Sao Paulo, Brazil; Jakarta, Indonesia; Seoul, South Korea; Osaka, Japan; Milan, Itlay; Amsterdam, Netherlands, and Stockholm, Sweden.

Like other CDNs, Akamai noticed the similarity of its offering and the concept of Edge networking, which attempts to make good on the weaknesses of centralized clouds by serving applications closer to users and data sources. CDN players including Cloudflare, Akamai, and Fastly are all making efforts to grow the role of CDNs in Edge applications.

In March 2023, Akamai acquired cloud storage provider Ondat.

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OPSWAT Survey Reveals Only 2% of Organizations Feel Confident … – PR Newswire

With at least 75% of Organizations Upgrading Infrastructure and 78% Increasing Security Budgets, OPSWAT's Latest Report Highlights Disparity Between Infrastructure Upgrades, Spending and Security Improvements

TAMPA, Fla., July 12, 2023 /PRNewswire/ -- OPSWAT, a global leader in critical infrastructure protection (CIP) cybersecurity solutions, today released the findings of its 2023 State of Web Application Security report, based on an online survey of over 400 executive leaders, managers, and senior contributors. The survey provides a deep dive into the evolving state of web applications and cloud infrastructure and highlights a concerning disconnect: While 75% of organizations have made significant strides to upgrade their infrastructure in the past year, including the adoption of public cloud hosting and containerization, and 78% have increased their security budgets, only 2% of industry experts are confident in their security strategies.

In today's rapidly evolving landscape of web application security, organizations are constantly striving to adapt and fortify their infrastructure, particularly with the rise of hybrid work environments. Recognizing the need for enhanced productivity and scalable solutions, most organizations have embraced public cloud hosting for their web applications, with an overwhelming 97% already employing or planning to implement containerization.

The use of applications utilizing storage services has also increased with these infrastructure upgrades, elevating concerns around file-based malware.

Key Research Findings:

62% of organizations use five or less antivirus (AV) engines to detect malicious file uploads

Large organizations are more likely to use Content Disarm and Reconstruction (CDR)

98% of organizations would benefit from additional prevention-based approaches

"Irrespective of the size or industry, organizations must recognize that infrastructure upgrades alone are not sufficient to guarantee robust security," said Yiyi Miao, Chief Product Officer at OPSWAT. "It is imperative to establish a proactive defense strategy that goes beyond traditional measures. By adopting and combining advanced threat prevention technologies like multi-AV scanning, CDR, DLP and dynamic threat analysis, organizations can effectively establish multiple lines of defense against known and unknown emerging threats and safeguard their critical infrastructure."

For more details and a comprehensive analysis of OPSWAT's research, download the full report here: https://www.opswat.com/resources/reports/2023-state-of-web-application-security

About OPSWAT

For the last 20 years, OPSWAT, a global leader in IT, OT, and ICS critical infrastructure cybersecurity, has continuously evolved an end-to-end solutions platform that gives public and private sector organizations and enterprises the critical advantage needed to protect their complex networks and ensure compliance. Empowered by a "Trust no file. Trust no device." philosophy, OPSWAT solves customers' challenges around the world with zero-trust solutions and patented technologies across every level of their infrastructure, securing their networks, data, and devices, and preventing known and unknown threats, zero-day attacks, and malware. Discover how OPSWAT protects the world's critical infrastructure and helps secure our way of life; visit http://www.opswat.com.

Media ContactKat Lewis, Senior Director of Global Marketing & Communications[emailprotected]+1.415.590.7300

SOURCE OPSWAT

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SaaS, On-Premises or Private Cloud: Which is Best for Compliance … – Dice Insights

Youll admit it because you know its true: Now is the time to take a hard look at your security and compliance gaps especially when regulatory requirements and data breaches are becoming increasingly serious concerns. According to Check Points most recent report, global cyber-attacks were up 7 percent in Q1 2023, with each firm facing an average of 1,248 attacks per week, and 1 in 31 organizations worldwide experienced a ransomware attack every week during Q1 2023.

But now what? With countless options available today, its hard to know where to start. Is a Software as a Service (SaaS) solution best? What about an on-premises option? Or is going with a private cloud infrastructure better?

Typically, SaaS software refers to the situation where the service provider hosts the application for the customer so that the customer only needs a web browser (or mobile device) to access the product. The customer is not involved in hosting the application, service or data and typically uses a URL to access the software maintained by the service provider. This provides the least control to the customer but outsources most of the responsibility for cybersecurity.

At the other end of the spectrum, on-premise software refers to the case where the customer installs the software on hardware they own and maintains in-house. Typically, these companies will rent rack space in a commercial data center but own the servers, applications, and all levels of the infrastructure. The software may be directly installed on the servers (often called bare metal hosting), or there may be a virtualization layer that lets one physical machine host multiple virtual machines. Regardless, the companys IT staff manages the virtualization platform. This option gives maximum control to the customer, but makes them responsible for the application, infrastructure and hardware, increasing their burden.

In between these two extremes, some other options exist:

Here are five tips for finding the best option for your organization.

SaaS products have allowed many companies to roll out a new solution faster. They also empower companies to stay focused on what they do best rather than managing servers, systems, and IT assets in-house. But there is one major drawback: Large companies are discovering that many SaaS options come with a higher price tag than a traditional IT organization, due to pricing models that are less friendly when it comes to large enterprises.

Suppose your organization requires a high level of security against cybercrime and other hacking-related events. In that case, youll need to balance the advantages of a self-hosted or private cloud alternative (limiting access to the data, choice of data residency and more control) with the benefits of SaaS (security taken care of by experts). Why? Because, where sensitive data is concerned, a private cloud or on-premises solution typically offers more robust protection against cybercrime.

You may not have as much of a choice as you think you do once you look into it further. Companies in specific geographies or industries may be required to use particular solutions based on GDPR, HIPPA, data residency rules, or classified intelligence data. Research whether your location or industry requires a specific solution or approach before wasting too much time on the nuances of the various options available. Industries that are heavily regulated, including banking, defense, aviation, and healthcare, often demand a higher level of data sovereignty and the most secure hosting capabilities available.

When considering SaaS companies and contracts, companies should consider key security features, including liability protection, data residency, certifications (SOC2, ISO 27001), company ownership, and geographical location (NATO vs. non-aligned). Case in point: Some SaaS services say they relieve customers of liability burdens but actually assign all liability to their customers.

Do you have an IT team that just needs an extra tool? Or do you have very few in-house capabilities and actually need a one-stop, turnkey solution to manage every step of the application lifecycle, with easily accessible audit trails, seamless integrations, and built-in instant messaging capabilities for easy, in-application communication? Suppose you need more than a stopgap for your already sizable in-house team to implement and a 360-degree solution is required. In that case, its best to consider options that deliver more robust customer service offerings.

This is the time to address the multiplying security vulnerabilities. More than 340 million people have now felt the impacts of publicly-reported data breaches or leaksin 2023 aloneaccording to a public data breach tracker created by the U.K. news site The Independent. And the number of cyber vulnerabilities are skyrocketing by 589% while the number of assets organizations are managing is increasing by 133 percent year-over-year, according to a newState of Cyber Assets Report (SCAR)report. Clearly, its never been more critical for organizations across every industry to solve this increasingly serious issue.

Adam Sandman is Founder and CEO of Inflectra.

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HostColor Rolls Out Serverless WordPress Hosting with 10 Gbps … – Digital Journal

PRESS RELEASE

Published July 15, 2023

Cloud infrastructure provider HostColor.com (HC) rolled out a new global Application Hosting platform. The first service available is Serverless WordPress Hosting with a 10 Gbps unrestricted internet bandwidth.

New York, NY, United States - July 15, 2023 --

HostColor.com (HC) announced Serverless WordPress Hosting with a 10 Gbps unrestricted internet bandwidth. It is the first service available on the company's new Application Hosting platform. HC enables its clients to host resource-demanding applications in 50 Edge data centers in the U.S. and deliver digital services for private or public use while saving enormous amounts of financial resources on data transfer, compared to the major hyper-scalers.

HC shortens "time to market" for the app owners who use the company's Serverless Application Hosting services. They host their apps either on a Virtual (Cloud) or Bare Metal server environment, without the necessity to deal with the calculation of computing resources, the technical management of the hosted apps, and the system administration of the server environments. The application owners just choose a service plan and leave the installation, service maintenance, and management to HostColor.com.

"We are proud to announce that HostColor's new Serverless Application Hosting platform literally "beats the cloud" when it comes to fast application service delivery to the local market,, technical support, cost savings, security, and data privacy. Our Application Hosting services feature unrestricted and unmetered internet bandwidth quota, a feature that saves enormous amounts of financial resources to the owners of high-traffic websites and apps," says HostColor's CEO Dimitar Avramov.

The most used Edge Bare Metal Server configurations used by HostColor to offer Serverless WordPress hosting services feature Intel Xeon Silver 4210 processor, 10 physical Cores, and 20 virtual threads at 2.20GHz, 128 GB RAM, and 480 GB SSD storage drive. The HC clients can host their WordPress-based websites in of the following edge data center locations: Albany, New York City; Albuquerque, New Mexico; Ashburn and Herndon Virginia; Atlanta, Georgia; Austin, Dallas, El Paso, Houston and San Antonio, Texas; Bend and Portland, Oregon; Billings, MT; Boise, ID; Boston, Massachusetts; Casper, WY; Cedar Rapids, Iowa; Charlotte and Raleigh, North Carolina; Chicago, Illinois; Cincinnati and Cleveland, Ohio; Denver, Colorado; Detroit, Michigan; Honolulu, Hawaii; Indianapolis, Indiana; Jackson, Mississippi; Jacksonville, Miami and Tampa, Florida; Kansas City and Saint Louis, Missouri; Las Vegas, Nevada; Little Rock, Arkansas; Fresno, Los Angeles, Orange County, Sacramento, Santa Clara, and San Diego, California; Madison, Wisconsin; Miami, Florida; Minneapolis, Minnesota; Nashville, Kentucky; New Orleans, Louisiana; New York City and the State of New York; Omaha, Nebraska; Philadelphia and Pittsburgh Pennsylvania; Phoenix, Arizona; Salt Lake City, Utah; Seattle and Spokane, Washington; and Tulsa, Oklahoma.

Among the company's other North American Serverless WordPress Hosting delivery locations are: Montreal, Toronto, and Vancouver in Canada, In Europe HostColor delivers dedicated hosting services from edge data centers in Glasgow, Edinburgh, and London in the UK, Athens in Greece, Amsterdam and The Hague, Netherlands, Paris, and Reims in France, Frankfurt and Munich in Germany, Barcelona, Madrid and Zaragoza in Spain, Milano in Italy, Vienna in Austria Helsinki in Sweden, and ten other European cities. The company's Asian on-net edge server locations are Bangkok, Hong Kong, Jakarta, Kuala Lumpur, New Delhi, Seoul, Singapore, Taipei, and Tokyo.

HostColor.com has recently announced the immediate availability of Edge Server Hosting services in New York with a 20Gbps bandwidth. The Edge Servers feature less than 5 ms network latency to 97% of the internet users in the State of New York.

About Us: HostColor.com - https://www.hostcolor.com - is a global IT infrastructure and Web Hosting service provider since 2000. The company has its own virtual data centers, a capacity for provisioning dedicated servers and colocation services in 80 data centers worldwide. Its subsidiary HCE (HostColorEurope.com) operates Cloud infrastructure and delivers dedicated hosting services in 19 European counties.

Contact Info: Name: Dimitar Avr.Email: Send EmailOrganization: HostColor.comWebsite: https://www.hostcolor.com

Release ID: 89102434

In the event of any inaccuracies, problems, or queries arising from the content shared in this press release, we encourage you to notify us immediately at [emailprotected]. Our diligent team will be readily available to respond and take swift action within 8 hours to rectify any identified issues or assist with removal requests. Ensuring the provision of high-quality and precise information is paramount to us.

COMTEX_436848931/2773/2023-07-14T21:18:40

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Virtual Private Server: How to Use It with AAAFx – DailyForex.com

A quick guide to VPS hosting by AAAFx

A lot of ink has been spilled on VPS hosting and how to harness its potential. In trading, where every millisecond counts, efficiency and automation are critical to being successful. But how do traders incorporate efficiency and automation into their activity? Its simple: with the right technology suite. When it comes to technology and VPS hosting, AAAFx ticks all the boxes.

The award-winning brokerage offers exposure to 70 Forex pairs and hundreds of CFDs on stocks, indices, commodities and cryptocurrencies and a powerful technology arsenal to capture all the important price swings across different markets and timeframes. VPS hosting is also a core element of this arsenal, ensuring maximum platform uptime. Here we shed light on the importance of VPS hosting and how to use it.

In simple terms, VPS - an acronym for Virtual Private Server - is a permanent link connecting an individual trading terminal to the broader trading network.

For example, when using MT5 on their home computers, traders are connected to the standard trading network where their orders are executed. Having an active VPS ensures smooth connectivity. This is possible thanks to the latest-generation Cloud hosting capabilities that brokerage firms like AAAFx offer.

Implementing cutting-edge VPS technology, AAAFx offers the best trading experience to traders around the globe, by improving trade execution speed and boosting traders local network capacity and enhancing connection stability, allowing them to execute trades quicker.

As an exclusive service, the broker offers VPS services completely free of charge to all its EU and global clients for a deposit of more than $5,000 or equivalent in another major currency. Traders depositing less than $5,000 or equivalent can also access the VPS for a modest monthly fee of $25, which will be automatically deducted from the account balance.

Designed to host a version of an operating system, a VPS can be controlled remotely from any device located in its vicinity. Working almost in the same way as a web hosting server, with the exception that it has the capability to directly host a desktop PC while maintaining its ability to function as if it were operating on its own server. As such, Virtual Private Servers are practically SaaS solutions, each with its specific amount of CPU power and space that ensures users enjoy the speed and connectivity they need.

The advantages of using a VPS when trading with AAAFx are multiple, including:

To make the most of a trading VPS with AAAFx, traders must first make sure their equipment meets the following characteristics:

Using a VPS with AAAFx is extremely simple. To start reaping the benefits of seamless trading, all you have to do is:

Thats it, youre all set! Are you ready to give the AAAFx VPS a test drive? Register now.

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A troll army could be setting up near NATO summit – POLITICO

Yevgeny Prigozhin and his paramilitary forces are still making their move to Belarus, and when he gets there, expect a disinformation factory to be right there with them.

HAPPY MONDAY, and welcome to Morning Cybersecurity! Congress is back in action, the NATO summit is almost underway, and now the NBA has unveiled it will have a new in-season tournament starting this year. Time for LeBron to become the first player to win two trophies in one year. Then hes *definitely* the GOAT, right?

Got tips, feedback or other commentary? Send them to Joseph at [emailprotected]. You can also follow @POLITICOPro and @MorningCybersec on Twitter. Full team contact info is below.

Want to receive this newsletter every weekday? Subscribe to POLITICO Pro. Youll also receive daily policy news and other intelligence you need to act on the days biggest stories.

CISA Director Jen Easterly is delivering the keynote address at the Homeland Securitys Startup Studio final pitch event. 1 p.m.

COMING TO A BELARUS NEAR YOU While NATO leaders gather this week in Lithuania against the backdrop of Moscows war in Ukraine, something else might be brewing just across the border in Belarus.

Wagner Groups head honcho Yevgeny Prigozhin may not be in the country yet, but there are signs the Kremlin disinformation chief is getting ready for the next phase of his operation, Russian disinformation and Wagner Group researcher Lukas Andriukaitis at the Atlantic Councils Digital Forensic Research Lab told Morning Cyber.

Its all connected: Prigozhins empire stretches far beyond a ground force to encompass Russias most notorious troll factories. There are rumblings that new bases are being built in Belarus, Andriukaitis says, and the suspicion is theyre setting up camp for the Wagner Groups arrival. And when Wagner comes to town, its entire operation follows.

Its the whole package, Andriukaitis said. When it comes to Wagners military operations its going to be tied with the influence campaign as well.

Its unclear whether Wagner itself has a sizable cyber faction, but Prigozhin has claimed to have founded the U.S.-sanctioned Internet Research Agency, and on another occasion said he interfered in U.S. presidential elections through the spread of disinformation.

Dont forget: The web and presence of the Wagner troll factories are being felt in countries across Africa right now with anti-Western disinformation focusing on domestic and international politics proliferating to exacerbate regional instability, according to a DFRLab report. Documents obtained by POLITICO earlier this year also detail operations meant to sway political events on the ground across Africa in an effort to bolster pro-Moscow sentiments.

Internal unrest: Belarusian President Alexander Lukashenko, who invited Prigozhin with open arms, may be the next victim of his troll army.

[Prigozhin] has hinted that the Belarusian presidency was promised to him, Adriukaitis said. Meaning that he might be interested in having an area of personal influence within Belarus.

Be on the lookout for Prigozhin to possibly focus his influence attacks on his next host country to try and destabilize Lukashenkos regime, Adriukaitis said.

Money man: All signs point to the Russian oligarch having access to his money post-mutiny investigation, meaning Prigozhins cyber operations could continue at full tilt, Russia watchers say. Hackers from the Dossier Center investigating Prigozhins cyber troops concluded in March that all the work within his businesses are organically linked.

This means that while the Kremlins long-feared cyberwar capabilities havent broken through Ukraines infrastructure like many expected, Prigozhins funding of IT infrastructure, IP hosting and disinformation tactics could keep pulsing.

DATA DUMP We were telling you last week about the United States announcing how its fulfilled its commitments to implement the U.S.-EU Data Privacy Framework a mechanism designed over months and months of negotiations to safely transfer EU citizens personal data to the United States. Now there is talk the EU could opt for an approval on the framework as soon as today, report our colleagues at Politico Europes Cyber Insights.

What it means: The DPF indirectly plays a role in promoting secure data handling practices. Generally, the U.S. tends to lean toward open data flows tied to trade agreements, while the EU likes to emphasize strict privacy protections. But the framework has gotten wide backing in Europe with 24 out of 27 (unnamed) capitals in favor and 3 abstaining, according to a record of the vote.

So when and if the approval comes, U.S. companies will have to comply with EU data protection law while still being subject to U.S. foreign intelligence surveillance laws. And it will go into effect the very day its issued.

U.S. on thin ice: Secretary of Commerce Gina Raimondo confirmed in her approval last week that the EU, Iceland, Liechtenstein and Norway are now qualifying states for redress meaning their citizens can sue U.S. spy agencies if theyre suspected of breaking U.S. laws.

The Snowden of it all: The Court of Justice of the EU struck down two previous data deals Privacy Shield and Safe Harbor after revelations of heavy-handed surveillance tactics on the use of data in the United States from Edward Snowden and others. Privacy activists have said theyd take this version to court, too.

EASTERLY KEYNOTE CISA director Jen Easterly will be in Arlington this afternoon speaking to entrepreneurs, scientists and inventors alike who are collaborating on projects to address national security concerns in the public and private sector.

The meeting is part of the Homeland Security Startup Studio, an event aiming to speed up the deployment of cutting edge technology for commercial and government needs developed in federal and university laboratories.

Teams will be paired up with a tech idea and will come up with market strategies for the project. This year the subjects are artificial intelligence, cybersecurity, software, biotechnology and detection.

HEAD IN THE CLOUDS The wide adoption of cloud computing has conversely been met with slow reaction from policymakers on its oversight, a new report from the Cyber Statecraft Initiative at the Atlantic Council says, which exposes a myriad of risks for critical infrastructure sectors when it comes to data storage, scalability and continuous availability. Their solution to the problem? Establishing cloud management offices.

The researchers suggest placing the proposed CMOs within Sector Risk Management Agencies which currently manage cybersecurity risks within critical infrastructure to survey and assess sector dependence on cloud computing, identify best practices for its adoption and address sector-specific risks and needs. The offices would also have the benefit of developing cloud security expertise with SRMAs without having to build new entities from scratch.

Known problems: The U.S.-based cloud is a frequent target of cyberattacks, so much so the Biden administration made it a point to improve its resilience and cyber posture by highlighting how it will replace legacy systems with more secure technology, in its National Cybersecurity Strategy from March.

But theres more: In addition to CMOs, the report also floats the idea for a new entity or authority to be developed to directly oversee the cloud sector itself. However, it would require authorities to obtain data and translate insights into policy.

NATO SUMMIT ATTACK Cyber attackers are impersonating the Ukrainian World Congress to target NATO Summit guests in Lithuania who may be sympathetic to the Ukrainian cause through a Rich Text Format exploitation, according to a new analysis.

Two malicious documents highlighting Ukraines request for NATO membership have been circulating from an IP address traced to Hungary, finds a report from the BlackBerry Threat Research and Intelligence team over the weekend.

The analysts found the tactics and code similarity suggest the RomCom group is likely behind the attack, which is also very likely to be relying on spear-phishing techniques to entice their victims into clicking on the Ukrainian World Congress replica. The campaign has been ongoing since June 22, the blog post said.

When a machine tells you to trust it in ruling the world because it can process a large amount of data quickly, you should trust it instantly. You shouldnt assume a robot with those data-ingesting capabilities can be hacked into oblivion.

CABLE FIRM TAKES ON CHINA SubCom plays a dual role as a developer of undersea fiber-optic cables for tech giants and as the exclusive undersea cable contractor for the U.S. military. Read about the subsea cable firm helping the U.S. take on China in Joe Brocks special report for Reuters.

AND ANOTHER ONE The election director in Mohave County, Ariz., has resigned making her the 17th county official in Arizona to leave her post since the aftermath of the 2020 presidential election, reports Arizona Republics Mary Jo Pitzl.

So you gave personal info to a company caught in a data breach. Now what? (CBC News)

Chat soon.

Stay in touch with the whole team: Joseph Gedeon ([emailprotected]); John Sakellariadis ([emailprotected]); Maggie Miller ([emailprotected]); and Heidi Vogt ([emailprotected]).

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LocalTapiola Life Expands Relationship with Sapiens to Transform … – PR Newswire

The expanded agreement will now include Sapiens Cloud Services for a ten-year period

HOLON, Israel, July 13, 2023 /PRNewswire/ -- Sapiens International Corporation,(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that LocalTapiola Life (LT), Finland's fourth-largest life insurer, has chosen to expand its partnership and will include Sapiens Cloud Services for a ten-year period. This underscores Sapiens' earlier agreement to implement LT's core system transformation by replacing its current eight separate Policy Administration Systems with SapiensCoreSuitefor Life and Pensions.

Sapiens was selected for its proven experience in complex insurance ecosystem integrations, providing an end-to-end, cloud-first, digitally enhanced platform for individual and group products, across Life, Wealth and Retirement. LT has seen customer behaviour changing rapidly, and digitalization is a key step in enhancing efficiency while simultaneously providing upgraded, seamless customer service and new products.

"Sapiens are helping us remain highly competitive by empowering us to develop digital new business while consolidating our legacy business at the same time," said Pasi Haarala, CEO LocalTapiola Life. "We look forward to a continued fruitful and rewarding relationship with Sapiens for many years to come."

SapiensCoreSuitefor Life and Pensions will empower LT Life with a wide range of fully embedded data management and analytics capabilities. The LT implementation is underpinned by the market-leading Sapiens Intelligence data and analytics module that pools the insurer's data to provide actionable insights, improving underwriting risk selection and reducing claims expense ratios. Sapiens Cloud Services empowers companies to focus on core business objectives, eliminating IT bottlenecks, with support and maintenance services providing proactive management.

The LT implementation makes use of the Sapiens One-Hand-to-Shake model, whereby Sapiens provides, via its SaaS solution, the implementation, support and maintenance services, as well as Cloud hosting and services. LT will benefit from the proven and secure Cloud services provided by Sapiens and from their comprehensive solutions and platform expertise.

"LocalTapiola Life has been Sapiens' very first implementation in Finland," saidRoni Al-Dor, Sapiens President & CEO. "As our relationship deepens and expands over time, we will continue to engage in ongoing development according to local regulations and global innovations, based on our continuous roadmap and new releases."

Sapiens CoreSuite empowers insurers to quickly and easily tailor and launch new life insurance products through a variety of low-code/no-code configuration tools as well as support their existing product portfolios. It streamlines premium payment processes and client management features, in addition to further enhancements for Policy Service transactions driven from the at-a-glance Policy Dashboard.

About LocalTapiola Group

LocalTapiola Group is a mutual group of companies owned by its customers. LocalTapiola is a partner in lifelong security for its customers. Group offering features an increasing variety of forecasting, security and well-being solutions that make the everyday life of Finns safer, more successful financially and healthier. LocalTapiola serves private customers, entrepreneurs, corporate customers, farmers and organisations. LocalTapiola's products and services cover nonlife, life and pension insurance, as well as investment and saving services. We are also professionals in corporate risk management and welfare in the workplace. LocalTapiola's network of regional companies consists of 19 regional mutual insurance companies.

For more information visit http://www.lahitapiola.fi.

About Sapiens

Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens' cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data and digital domains to accelerate our customers' digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers' compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management.

For more information visithttps://sapiens.comor follow us onLinkedIn.

Media and Investor's Contact

Yaffa Cohen-IfrahChief Marketing Officer &Head of Investor Relations, Sapiens[emailprotected]

Forward-Looking Statements

Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words "anticipate," "believe," "estimate," "expect," "may," "will," "plan" and similar expressions. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions our lengthy and complex sales cycles, which do not always result in the realization of revenues the degree of our success in retaining our existing customers or competing effectively for greater market share difficulties in successfully planning and managing changes in the size of our operations the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream the challenges and potential liability that heightened privacy laws and regulations pose to our business occasional disputes with clients, which may adversely impact our results of operations and our reputation various intellectual property issues related to our business potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems risks related to the insurance industry in which our clients operate risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg

SOURCE Sapiens International Corporation

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Sustainable IT: A crisis needing leadership and change – CIO

As demand for computing power continues to rise, the environmental impact of technology cannot be ignored. We recently held our annual corporate conference addressing many subjects top of mind with IT leaders and it came as no surprise that a session on sustainability was one of the most attended. As technology innovators, we all must take responsibility and develop strategies to impact meaningful change. My first step in that process is sharing some of the great insights I learned with all of you.

The rapid expansion of the Internet of Things (IoT), fueled by generative AI, is putting increasing pressure on data centers worldwide. With the number of connected devices expected to reach 55.7 billion by 2025, its critical that we understand the environmental consequences caused by big tech.

Enterprise IT is contributing significantly to the worlds carbon footprint. In fact, a Sustainable IT report by Capgemini states that 89% of companies surveyed recycle less than 10% of their IT hardware, and less than half of executives say they are aware of their organizations IT footprint. By 2025, Enterprise IT will have the equivalent carbon footprint of 463 million passenger vehicles driven for one year.

This environmental impact is a growing area of concern that needs change.

Sustainable IT encompasses strategic leadership in enterprise technology to minimize negative environmental impacts and maximize positive outcomes across environmental, social, and governance (ESG) areas.

Lets dive into the three pillars of ESG in the context of sustainable IT.

Environment. This area of sustainable IT concentrates on green infrastructure, implementing circular technology strategies and reducing emissions to achieve carbon neutrality. Companies can focus on this by transitioning to renewable energy and implementing sustainable technology sourcing. IT leaders can also look at expanding the lifecycle of their products to reduce waste.

Social. This component focuses on addressing technology accessibility and the innovation of technology system designs that benefit society. Companies can evaluate the health and safety impacts of their IT products and services as well as drive diversity within their vendor ecosystem.

Governance. This aspect is about data usage, privacy, and responsible technology innovation. To fulfill this, companies can be transparent about their strategies and risk management. They can upskill and reskill employees to focus on a more sustainable talent pipeline.

One example of a company thats paving the way for ESG efforts is Google. The tech giant aims to be the first major company to be carbon neutral by 2030, operating on 24/7 carbon-free energy. As a result of its ESG efforts, a Google data center is now twice as energy efficient as a typical enterprise data center. The company is also putting an emphasis on recycling and in 2021, resold 4.9 million components on the secondary market to be reused by other organizations. As far as employee engagement goes, Google offers 4,000 EV charging ports at offices in the U.S. and Canada, encouraging team members to adopt eco-friendly practices.

A corporation can have a significant impact on the environment if they focus on prioritizing some of these ESG efforts, but ultimately, its up to IT executives to lead the charge.

IT leaders play a crucial role in spearheading sustainability initiatives within their organizations, yet according to the non-profit SustainableIT.org, one in four IT organizations are not supporting any ESG mandates. Why is this? Implementation challenges could present a roadblock. A lack of standards to follow to evaluate a companys carbon footprint also presents challenges. In fact, 50% of firms surveyed in the Capgemini report say they have an enterprise-wide sustainability strategy, but only 18% have a strategy with defined goals and target timelines.

This is where IT leadership needs to step up. IT leaders have the right relationships and are best positioned to pioneer and champion this change. These leaders have the power to ask the right questions, initiate process changes, and implement strategies that foster a more environmentally-friendly business environment. For instance, IT leaders can improve employee awareness surrounding sustainability and can streamline data processes to optimize efficiency to reduce electric consumption. IT leaders can also ask the right questions of their suppliers to make sure everyone working with the organization is following similar initiatives.

Streamlining workflows, optimizing efficiency, and leveraging automation save time, energy, and cost, contributing to sustainability goals. By empowering the workforce and ensuring employees are equipped with the necessary skills, tech leaders can drive the transition to a sustainable future.

There is no magic answer or one-size-fits-all approach to sustainability. If you think there is a smarter person in the room to work on your companys sustainability plan there probably isnt. As a technology leader, you need to be the one to step up. It is your responsibility to implement the companys sustainability plan as the executive in charge. You can become a great agent of change by making sustainability a larger initiative within your organization and encouraging employees of all levels to get involved in their various departments. You have the power to unite the organization to work toward this unified goal.

Engaging in sustainable business practices could not only help the environment but also your companys bottom line. The SustainableIT study shows that companies with consistently high ESG performances achieved 2.6x higher total shareholder returns than mid-level ESG performers from 2013 to 2020.

Its time to overcome any hesitations and break free of the mindset that someone else holds the answer. Companies must drill down on their priorities and set themselves up for success when it comes to migrating to a more sustainable path. There are many actions a company can take, these five are a great place to start:

Set clear goals for sustainability. Look to create specific, measurable, and attainable standards for your path toward sustainability. Make your goals relevant and in accordance with larger governmental standards. Make sure someone in leadership is continuously checking to ensure the company is on the path toward achieving its goals.

Adopt sustainable practices. Moving from an on-premise infrastructure to cloud computing offers significant energy savings. Cloud hosting also enables remote work, eliminating the need for employees to be at a physical office, using additional energy, power, and resources.

Collaborate with suppliers. Remain in constant communication with suppliers to engage them in eco-friendly operations. By encouraging suppliers to use sustainable practices and environmentally-friendly materials, the greater goal can be reached faster.

Advocate for policy changes. Advocate for regulations that support sustainability in business. Collaborate with other businesses that share in this like-minded approach.

Share your sustainability successes. As an IT leader, you have a voice and a platform to speak out for change. Its important to share successes, challenges, and future sustainability plans to encourage others to move on this path as well.

The efforts by executives that are already doing this are not going unnoticed. They are receiving positive brand recognition, achieving workforce loyalty, and higher client satisfaction.

Dont wait any longer to embark on the journey. The time for action is now. Moving toward a sustainable future requires long-term commitment and continuous improvement. Companies should regularly reassess their strategies, adapt to changing circumstances, and embrace new technologies that encourage a path to a greener life for both their company and the planet.

Its a task that cant be done alone, but together a change for the greater good can be made.

It starts with us.

It starts now.

So, what are you waiting for?

Originally posted here:
Sustainable IT: A crisis needing leadership and change - CIO

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SITA Bags AAI Deal For Cloud-Based Solutions For 43 Airports – Mobility Outlook

SITA has secured a landmark deal with the Airports Authority of India (AAI) to provide technology to 43 of Indias biggest airports.

SITA, a travel and transport industry technology provider, will roll out cloud-based technologies for passenger and baggage processing, enabling Indian airports to shift to common-use passenger experiences.

SITA will initially deploy its technologies across 43 airports, but it is scalable to an additional 40 airports over the next seven years. Over 500 million passengers are expected to be processed during this period.

Sumesh Patel, President, Asia Pacific, SITA, said, 'The number of airports in India is expected to increase from 148 today to 220 by 2025. The new airports will bring closer together Indias almost 50 cities with populations exceeding one million people, creating substantial economic value in the long term.'

Under the agreement, SITA will deploy its state-of-the-art solutions, including SITA Flex, CUPPS, SITA CUSS, and SITA Bag Manager. These IATA-certified platforms offer airlines and ground handlers the benefits of common-use technologies, which are scalable depending on their operational requirements.

With the implementation of this technology, multiple airlines can leverage the same infrastructure, such as check-in counters, self-service kiosks, and boarding gates.

With the AAIs adoption of these solutions from SITA, passengers will have more control over their journey, offering a low-touch, efficient check-in, bag drop, and collection process through assisted and self-service mechanisms. SITAs Baggage Reconciliation System ensures high accountability and will prevent/reduce losses and security concerns related to mishandling. The reduced infrastructure footprint will also result in increased operational efficiency at airports and reduced airline service charges.

The AAIs adoption of a cloud-first approach will result in better security and offer airlines a platform to host new progressive technologies, moving away from native applications.

The centralised cloud hosting of all servers will reduce on-premise infrastructure costs and centralised control, enabling proactive monitoring and control of services.

Real-time online dashboards are now available to AAI officers at the airport and headquarters, replacing the monthly service availability reports. The project commenced in May 2022 and involved a comprehensive revamp of existing services without disrupting ongoing operations.

Image Credit: SITA

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Embracing the cloud with Dropbox – Backend News

In recent years, numerous companies have embarked on a thrilling journey of adopting cloud solutions to transform their businesses. However, the widespread adoption of cloud technology has primarily been limited to developed countries, as there are still misconceptions about the costs and benefits associated with cloud architecture and its innovative features.

Dropbox collaborates with NxtGen Analytics, which specializes in data analytics and software solutions, to foster business growth in Southeast Asia, particularly in the Philippines.

The cloud has now emerged as a vital catalyst for accelerating business growth, optimizing operations, and facilitating scalability. Lets delve into the fundamental reasons why cloud technology outshines on-premise solutions:

SAS: AI and advanced analytics drive sustainability and efficiencySAS expands support for additional cloud providers including AWS, Google Cloud

Dropbox, a file hosting service, provides businesses with a centralized platform for content and collaborative workflows. Dropbox Business combines the best features of storage and collaboration, offering advanced tools that drive customer value.Apart from its myriad benefits, Dropbox conducted a return on investment (ROI) analysis for its small and medium-sized business customers. The study revealed that existing customers achieved significant cost savings in several areas:

Considering other IT expenses like software and licensing, surveyed customers reported substantial annual savings in IT infrastructure costs and an overall improved ROI, thanks to Dropbox Businesss pricing structure.

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Embracing the cloud with Dropbox - Backend News

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