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One Of The Hottest Wall Street Trends In 2023 Has Been AI – Trust Stamp Is Leveraging AI To Ensure Security In The New Reality

Benzinga

By Faith Ashmore, Benzinga Wall Street has become increasingly focused on the potential of artificial intelligence (AI) and the role it can play in transforming business and the global economy. While some experts are concerned about the hype and fear that a bubble is forming around the technology, there is growing evidence that more and more companies are embracing AI to drive innovation and growth. Multiple research reports and studies have been released by investment research firms, highlighting the transformative potential of AI and its ability to boost worker productivity and contribute to GDP growth. Carlyle recently called the birth of generative AI a “watershed in human history,” and Wall Street seems quite bullish on the long-term prospects of AI. This is unsurprising considering that AI is becoming increasingly vital to businesses across a range of industries. Many firms are recognizing the need to incorporate AI into their operations and processes to remain competitive and meet the evolving demands of consumers. For example, companies are using AI to improve customer experience, enhance data analysis capabilities and streamline business operations. As AI technology continues to evolve, its role in driving innovation and growth in the business world is likely to become even more significant. Among companies leveraging AI, Trust Stamp (NASDAQ: IDAI) is one that stands out in its field – the company is looking to revolutionize digital security. Trust Stamp is a global provider of AI-powered, privacy-first trust and identity services used across multiple sectors – such as banking and finance, real estate, communications, regulatory compliance and government. Trust Stamp offers a range of innovative services. Their biometric capture and analysis technology enables secure and convenient identity verification, allowing businesses to streamline onboarding processes. By integrating advanced document verification, Trust Stamp helps verify the authenticity of important documents, reducing the risk of fraud. Trust Stamp has recently received a Notice of Allowance from the United States Patent and Trademark Office. This notice marks a significant milestone for Trust Stamp's AI-powered, tokenized identity products, which are leveraged in its global operations. It follows the announcement of three additional patent applications made by the company in April 2023. The new patent, titled “Systems and processes for lossy biometric representation," further bolsters the company's IP protection for its innovative biometric hashing technology, which is used for subject identity verification. The technology in the patent uses neural network processing and pseudorandom matrix multiplication to generate anonymized vector representations of biometrics that can be verified for identity authentication. The anonymized vector representations are "lossy," meaning that not all the information from the original biometric data is retained, thereby enhancing security when dealing with sensitive biometric data while still allowing for identity verification with a degree of certainty. Dr. Norman Poh, Trust Stamp’s Chief Science Officer, shared, “This latest Notice of Allowance marks an important win and significantly enhances the IP around our AI-based authentication technology. With over 30 patents now issued, allowed, or pending, over the last seven years our team has developed a highly defensible IP position that is now being productized across an ever-growing range of use cases. The IT² represents an evolution of biometric authentication that provides the subject with an exceptional level of security, while greatly enhancing the utility of the original biometric capture. These capabilities have clearly differentiated Trust Stamp in the market, and industry feedback has been extremely positive, resulting in a rapidly growing commercial sales pipeline.” Trust Stamp has integrated the innovative identity verification processes from this patent into its Irreversibly Transformed Identity Token (IT2) technology, a unique privacy-first solution. Using its AI-based IT2, Trust Stamp ensures the benefits of biometric-derived authentication while keeping control of and not sharing the original biometric data. The IT2 cannot be converted back to the original data, keeping the biometric templates secure and offering privacy-protecting methodology to enjoy biometric-based authentication advantages without the risk of storing biometric templates. This patent is a significant step forward for Trust Stamp in the AI-powered identity and trust services landscape. As the digital landscape continues to evolve, Trust Stamp's emphasis on privacy and data protection is aimed at ensuring that users’ personal information is safeguarded at all times. The ability to enhance security while maximizing the benefits of biometric data is a game-changer for financial institutions and companies dealing with sensitive data. Trust Stamp's products and services are set to play a significant role in shaping the future of finance and identity verification in the coming years. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 14, 2023 09:30 AM Eastern Standard Time

Mainz Biomed Partners With Liquid Biosciences in Exclusive Relationship To Harness The Power Of Artificial Intelligence (AI) To Develop Next-generation Colorectal Screening Test

Benzinga

By Faith Ashmore, Benzinga The integration of Artificial Intelligence (AI) in biotechnology is rapidly gaining momentum, revolutionizing the field of life sciences. AI technologies, such as machine learning and deep learning algorithms, have the potential to analyze complex biological data more efficiently and accurately than ever before. AI algorithms can analyze vast amounts of genomic, proteomic, and clinical data, leading to new insights and discoveries that were previously inaccessible. This integration of AI and biotech holds great promise for enhancing scientific understanding, improving healthcare outcomes, and ultimately transforming the way we approach biotechnological advancements. Mainz Biomed (NASDAQ: MYNZ), a company that specializes in developing molecular genetic diagnostic solutions for life-threatening conditions, has created ColoAlert®, an innovative product that addresses the need for easier and more accessible cancer screenings for quick detection and treatment of colorectal cancer. This non-invasive and user-friendly test aims to make colorectal cancer screening fast, simple and precise. The company has recently formed a partnership with Liquid Biosciences, aiming to leverage the capabilities of AI in developing an advanced colorectal screening test. Its partnership with Liquid Biosciences will help expand the company’s existing cutting-edge products. Recently, Mainz Biomed conducted a multi-center international clinical trial in Germany and Norway to evaluate the effectiveness of incorporating mRNA biomarkers into ColoAlert®, their leading product for colorectal cancer (CRC) screening. The study yielded impressive findings, demonstrating a high sensitivity of 94.4% and specificity of 97.5% for detecting CRC. Additionally, the screening test showed a sensitivity of 80% and specificity of 95.2% in detecting precursor lesions, including advanced adenomas that may develop into CRC. These results were nothing short of groundbreaking for the company. The partnership with Liquid Biosciences has the potential to move the needle forward more as Liquid Biosciences has a history of using AI to advance similar technologies. Liquid Biosciences has made a significant impact on the life sciences industry with its EMERGE bio-analytics platform. This platform has been utilized in more than 240 projects for prominent pharmaceutical companies and emerging therapeutic and diagnostic firms. It plays a crucial role in various areas such as biomarker discovery, clinical trial screening, and post-FDA approval services including patient treatment selection and optimal dosing regimens. “As artificial intelligence continues to disrupt every aspect of the healthcare sector, we are excited to establish a robust partnership with a genuine leader in the field as we head into the final development stage of our next-generation CRC screening test,” commented Guido Baechler, Chief Executive Officer of Mainz Biomed. “We look forward to continuing our highly productive partnership with the Liquid Biosciences team as we execute on our mission to bring the most effective self-administered cancer detection products to the market.” Liquid Biosciences reports that what makes EMERGE truly stand out from other AI and machine learning solutions is its exceptional computational speed and ability to handle a vast amount of variables. It operates without making any assumptions or constraints, allowing for an unbiased and scalable approach. The platform's transparency and ability to generate algorithms from complex data without prior assumptions enable the identification of variables that may have low expression but hold functional significance due to the intricate interactions inherent in complex biological systems. “We are excited to extend our relationship with Mainz Biomed into a formal partnership as we take great pride in working with companies who represent disruptive innovation that will impact disease prevention and treatment,” shared Patrick Lilley, Chief Executive Officer of Liquid Biosciences. “The work Mainz Biomed is doing will be crucial to saving lives from a disease where mortality is driven by late detection. As such, we are very pleased to have the opportunity to play an integral role in helping it develop the next generation of its pioneering products.” This partnership with Liquid Biosciences comes after a string of previous partnerships with other industry leaders like Zöller-Kipper and Ärztliches Labor Dr. Buhlmann. Through the partnership between Mainz Biomed and German company, Zöller-Kipper, accessibility to ColoAlert® test has been greatly enhanced for both patients and healthcare providers. All of Zöller-Kipper’s over 2,500 employees can now easily request the test through Mainz Biomed's online portal and have it delivered to their doorstep. Once the sample is received and processed, the employee can access their confidential test results through the portal. The portal also provides an explanation of the results to ensure that the employee understands them and if the employee has given consent for their physician to be notified, the doctor can directly follow up with them based on the test results. With colorectal cancer being the third most prevalent form of cancer and a troubling trend of this cancer affecting more and more young people, the need for biotech companies to innovate detection and treatment could not be understated. Mainz Biomed’s commitment to pushing the boundaries of diagnostic technology, increasing accessibility, and its growth trajectory seems to be making it a force to be reckoned with in the industry, setting it apart from its competitors. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 14, 2023 09:25 AM Eastern Standard Time

LOGITIX LAUNCHES “LOGITIX ONE” – THE TICKETING INDUSTRY’S FIRST ALL-IN-ONE TECHNOLOGY PLATFORM

Logitix

Logitix, the leader in ticketing technology and analytics, announced it launched “Logitix One,” the first-ever all-in-one platform for the live event ticketing industry. Logitix One consolidates insights, pricing, ticket distribution, order management, processing, and reporting into a single platform, eliminating the need for multiple products. "The launch of Logitix One marks a significant milestone in the ticketing industry, as it merges all facets of technology into one innovative platform for our valued partners," exclaimed Logitix CEO Stu Halberg. "This is a groundbreaking solution that the ticketing world has been eagerly awaiting. With Logitix One, we're simplifying the entire ticketing lifecycle and empowering our clients with unparalleled capabilities." Logitix One launched with multiple features to automate the pricing of tickets depending on the goals of the user. Compatible with every point of sale, Logitix One can mass-price tickets based on data from past events and gives the partner the option of using automation controls as demand fluctuates. “We’ve been beta testing Logitix One with multiple partners this year, and the response has been incredible,” said Logitix Chief Distribution Officer Jon Katz. “Our team incorporated feedback from the industry to create a platform where ticket owners can increase sales and streamline operational efficiencies.” Customers of Logitix One include ticket sellers, professional and minor league teams, performing arts centers, concert venues, and promoters. Logitix works with over 400 properties, ticket sellers, and other live event companies across sports, music, performing arts, and entertainment. About Logitix Logitix is the preeminent monetization engine and ticketing platform for the live event industry, combining optimized pricing, distribution, and inventory management with real-time insights to help sellers and buyers respond to a rapidly changing market environment. The Logitix vision is to automate the entire ticket life cycle and provide data-driven insights to serve the diverse needs of its clients. The company is backed by ZMC and is privately held. For more information about Logitix, visit Logitix.com or find them on LinkedIn. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://logitix.com/

November 14, 2023 07:45 AM Eastern Standard Time

ACTIVISION AND QYOU PARTNER WITH LEADING SOCIAL CREATORS TO SUPPORT THE LAUNCH OF "CALL OF DUTY: MODERN WARFARE III"

QYOU Media

Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.valuethemarkets.com

November 14, 2023 07:00 AM Eastern Standard Time

Video

Tencent Cloud, Ledger and More Web3, Gaming & Investment Players Gather at the MultiversX Hub Seoul

STORM Partners

MultiversX, the leading layer-1 smart contract platform, known for its highly scalable, secure and robust infrastructure, has announced the Seoul Hub event scheduled for November 14, hosted by the nonce community location. Planned as an Upbit D Conference side event, the Hub will follow the extensive presence of the team at UDC, with MultiversX CEO Beniamin Mincu set to take the stage. The one-day event includes keynote sessions, technical presentations, panel discussions, workshops, a coding challenge, as well as networking opportunities and a party to conclude the day. Among the global experts attending the MultiversX Hub Seoul will be representatives from Tencent Cloud, Ledger, Pantera Ico Group, Presto Labs, Four Pillars, BIFROST and more. They will cover everything from gaming and NFTs, business, research, investment and beyond. MultiversX Hub is a new platform designed to spotlight the most relevant voices within the crypto, blockchain and tech spheres in strategic areas around the world and to connect them with exciting projects developing on MultiversX. In Seoul, participants will have the chance to connect with the team behind CyberpunkCity, an MMORPG currently in public alpha that combines immersive Metaverse experiences and creative tools of true digital ownership. On the DeFi side of the event, attendees can explore the industry-defining payment products from Pulsar Money, while NFT enthusiasts will get insights from XOXNO, the largest marketplace in the MultiversX ecosystem. The event will also host a developer-centric challenge to brainstorm, collaborate, innovate, and build using the MultiversX network. The team has prepared a series of workshops for developers to explore the MultiversX infrastructure, and encourage them to propose real-world solutions, pitch their ideas and win up to $2000 in prizes. " As the MultiversX protocol and ecosystem have matured and attracted significant interest from some of the largest tech companies in the world, including Google Cloud, Deutsche Telekom or AWS, we are in an exceptional position to provide a unique platform for advancing the discussion on the next evolution of blockchain and other emerging technologies. Seoul provides us with a great opportunity to kick-start the MultiversX Hub in one of the world's innovation centers, connect with some of the brightest minds in the industry in Asia, and expand our strong partner base, " said Beniamin Mincu, MultiversX CEO. The full event agenda, as well as a registration option, are available here: https://lu.ma/MultiversXHubSeoul About MultiversX A highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes - adrian.bono@storm.partners or telegram @STORMPartners Contact Details Media Contact Dan Voicu, Head of Communications dan.voicu@multiversx.com

November 13, 2023 03:29 PM Eastern Standard Time

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Is ChainGPT Pioneering the Bridge from Crypto to AI?

HTX

AI is Swallowing the world The AI landscape is currently ablaze with excitement and innovation, all thanks to the momentous updates revealed for ChatGPT during this week's conference. The event was not only marked by the highly anticipated launch of Elon Musk's Grok but also by the promise of a new era of breakthroughs in AI. This electrifying development has set the industry abuzz with enthusiasm and heightened expectations, as it paves the way for unprecedented progress and possibilities in the world of artificial intelligence. The updates to ChatGPT are nothing short of groundbreaking. They have taken a system that was already cutting-edge and pushed its capabilities to new heights. The improved ChatGPT demonstrates the continuous drive for excellence and innovation within the AI community. It promises more accurate responses, better understanding, and an enhanced ability to engage in natural language conversations. This not only fuels excitement but also raises expectations for how AI can be integrated into various aspects of our lives. Moreover, the launch of Elon Musk's Grok is a testament to the fact that influential figures are recognizing the transformative potential of AI. Grok's entry into the AI arena is highly anticipated, given Musk's track record of pushing technological boundaries. It's not just a new player in the game but a potential game-changer, bringing with it fresh perspectives and ideas. These developments set the stage for an exciting and promising future in AI. The industry is eagerly awaiting the potential breakthroughs that these innovations could bring, and rightfully so. As AI continues to heat up the industry, it's clear that we're on the brink of a new era of innovation, where the boundaries of what is possible continue to expand, and the potential applications of AI become even more limitless. The journey ahead is one of transformation, where the power of AI will reshape the way we live and work in ways we're only beginning to fathom. ChainGPT Is Designed for the Crypto World While ChatGPT has indeed been a pioneer in the realm of natural language understanding, the AI landscape is being invigorated by another significant player, known as ChainGPT. While these two technologies share certain commonalities, ChainGPT brings unique strengths and capabilities to the table, setting it apart as a game-changer in its own right. One of the standout features of ChainGPT is its adaptability and capacity for rapid, seamless updates. Unlike traditional AI models that might require lengthy development cycles to stay current, ChainGPT thrives on agility. It can swiftly and continuously absorb the latest information from the vast expanse of the internet. This dynamic ability ensures that ChainGPT remains on the cutting edge of knowledge, keeping pace with the ever-evolving landscape of technology and information. The significance of this real-time updating capability cannot be overstated. In a world where information changes at a breakneck pace, having an AI model that can adapt and provide the most recent insights and knowledge is a tremendous advantage. It's like having a knowledgeable expert at your fingertips, always armed with the latest information to address your inquiries This adaptability also allows ChainGPT to stay current in a variety of domains, making it an invaluable resource for professionals, researchers, and enthusiasts. Whether it's staying up to date with the latest developments in technology, science, or even pop culture, ChainGPT's ability to provide relevant and timely information is a powerful asset. Furthermore, this adaptability extends to the cryptocurrency space, where ChainGPT's specialized knowledge truly shines. In an industry where every second can make a significant difference, ChainGPT's real-time updates are a boon for crypto enthusiasts and traders. It can offer technical analysis (TA), provide market insights, and deliver up-to-the-minute pricing information for cryptocurrencies, giving professionals the edge they need to make informed decisions. In essence, ChainGPT's ability to adapt and stay current is revolutionizing the way we access and utilize information in an ever-changing world. It's not just an AI model; it's a dynamic, real-time knowledge source that's ready to provide you with the most current insights, no matter the subject, and particularly excelling in the world of cryptocurrencies. ChainGPT Can Merge Crypto and AI ChainGPT, with its unparalleled focus on cryptocurrencies, stands out in the AI landscape. In an era dominated by digital assets like Bitcoin and Ethereum, ChainGPT becomes an essential asset for those navigating the intricate world of crypto trading. Its proficiency in technical analysis (TA) is a standout feature, enabling meticulous scrutiny of price charts and historical data for informed decision-making in the volatile crypto market. Beyond TA, ChainGPT serves as a virtual oracle, distilling crucial information from news, social media, and market reports, empowering traders with timely insights. Its real-time pricing updates for various cryptocurrencies further reduce the risk associated with rapid market fluctuations. With specialized knowledge and real-time capabilities, ChainGPT becomes an indispensable tool for trading professionals, providing a substantial advantage in the competitive and dynamic cryptocurrency market. The convergence of AI and the cryptocurrency industry has the potential to revolutionize transactions, as seen in AI-driven solutions like ChainGPT. This integration not only transforms the financial landscape but also addresses privacy concerns. Traditionally, users relied on credit cards and shared personal information, risking data breaches. ChainGPT, with its deep crypto understanding, provides a secure means of transaction without sharing sensitive data. Users can leverage cryptocurrencies, especially the ChainGPT token, enhancing security and streamlining the process. This evolution signifies a significant leap in AI-crypto fusion, emphasizing a more secure and private transaction method. As data privacy becomes paramount, AI solutions like ChainGPT pave the way for a safer and efficient transaction environment, offering vast and far-reaching impacts on the future exchange of value. Conclusion Yesterday, an impressive 54.4k individuals actively tuned in to our HTX Twitter Space, titled "Deep Dive Into Web3 AI with ChainGPT," capturing substantial attention. This robust engagement underscores the fact that the convergence of AI and cryptocurrency technology not only represents a groundbreaking fusion of innovation but also garners significant interest from our HTX users. As the industry gains momentum, and we eagerly anticipate unfolding developments, it becomes increasingly evident that these advancements will not just transform our interaction with AI but also redefine transaction processes within the crypto realm. The potential of ChatGPT and ChainGPT to propel progress and deliver cutting-edge solutions is charting a course for a future where technology and finance seamlessly intertwine, providing multifaceted benefits to individuals across the entire spectrum. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

November 13, 2023 01:55 PM Eastern Standard Time

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3D Printed Steaks Could Be The Next Emerging Tech ESG Investors Should Be Watching – Here’s Why

Benzinga

By Rachael Green, Benzinga As the world’s growing population brings with it a growing demand for meat, the environmental pressures of meat consumption are coming into sharper focus. To meet that demand while decreasing the environmental impact the industry has, companies like Steakholder Foods Ltd (NASDAQ: STKH) are developing new technology for lab-grown meat. Here’s what investors should know about the emergence of food printing. Meat Accounts For About A Third Of The Agricultural Industry’s Emissions And Deforestation Problem If the global population cut its meat consumption in half, greenhouse gas emissions from the agricultural industry would drop by 31%. At the same time, the acres of land used to feed and raise livestock would decrease so much that it would almost stop the net loss of forests. If just half of that newly freed-up land were also restored through tree planting to create forest land, the amount of emissions captured by those new forests would double that 31% drop in emissions. Despite that significant potential to reduce the pressure on the environment and limited natural resources, meat consumption is actually expected to rise in the future. Instead of falling by half, the Food and Agriculture Organization (FAO) estimates global meat consumption will rise by 14% by 2030. Cultivated Meat Would Eliminate The Need For Land-Intensive Livestock Raising Cultivated meat refers to meat made from animal cells grown in a lab. Instead of raising and then slaughtering a cow, researchers have found a way to simply cultivate cow cells in a lab. With this technology, there would be no need to raise livestock, freeing up the acres of land devoted to keeping that livestock as well as the acres of crops dedicated to feeding them. Lab-grown meat bypasses the slaughterhouse and also the waste that comes with it. The process of draining the blood, removing the offal, tendons and other parts of the animal that people don’t eat results in about 60% of each animal slaughtered being either thrown away or recycled. By growing just the cells needed to recreate the parts of the animal that people actually eat, cultivated meat can also solve that glaring waste problem in the meat industry. The Emerging Lab-Grown Meat Industry Is Making Headway, But Challenges Remain The emerging industry is already starting to see some significant breakthroughs with this emerging tech. In 2022, the USDA approved California-based Upside Food’s lab-grown chicken for sale in the United States, marking the first approval of its kind in the country. This year, the agency followed that up with another approval for Good Meat, which also makes a cultivated chicken product. But some key challenges remain before cultivated meat can fully replace its traditional counterpart – namely, cost and texture. The technology is still new, and the cultured meat it produces is still costly to make. Meanwhile, actually shaping a cluster of cells into, say, a steak or pork chop is tricky. Hybrid meat is one way around the affordability challenge in the cultivated meat industry. It uses readily available, more affordable plant-based materials as the base with just enough lab-grown meat cells added to provide that real meat flavor. Until the technology to produce 100% lab-grown meat at scale becomes more affordable, these hybrid meat products offer a more cost-effective approach to developing these products at commercial scale. Steakholder Foods Reports Its Patented 3D Printing Technology Recreates The Taste And Texture Of Real Meat While they address the issue of affordability, the challenge of recreating the unique texture of actual cuts of meat remains challenging. That’s what really sets Steakholder Foods and its patented 3D printer apart. To create a more realistic texture, the company developed a unique 3D printer along with a hybrid meat “ink” that manufacturers can use to print ready-to-cook steaks, fish fillets and other structured cultivated meat products that deliver both the taste and texture of real meat. As the technology continues to progress, Stakeholder Foods will have the ability to seamlessly increase the percentage of lab-grown meat cells in the final product as those cells become more affordable to produce at scale. The B2B-Focused Company Is Making Cultivated Meat Production Attainable And Scalable For More Producers The B2B company intends to sell its 3D bio-printers to manufacturers who can then continue to order batches of hybrid meat ink as needed. The scalable technology allows manufacturers to produce several tons of 3D-printed meat products per month. Steakholder Foods signed its first multimillion-dollar agreement this summer, which will see a large-scale production facility built in the Persian Gulf region. Right now, the Israel-based company offers fish ink and its recently launched beef ink, but other species can be expected soon. Steakholder Foods became the first Nasdaq-listed cultivated meat company in 2021 and is still one of the few pure-play options for investors looking for exposure to the emerging sector. While major companies like Tyson Foods (NYSE: TSN) and JBS S.A. (OTCQX: JBSAY) are starting to invest in the new technology, Steakholder Foods is one of the few publicly-traded companies exclusively focused on developing meat printing technology. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 13, 2023 09:00 AM Eastern Standard Time

Even As Ransomware Attacks Rise, Studies Reveal Insiders Remain The Biggest Threat To Your Company

Benzinga

By Faith Ashmore, Benzinga Ransomware attacks are indeed on the rise, but what people fail to realize is that insider threats are actually the real threat to businesses. The true threat to businesses lies in insiders maliciously stealing company information. These insiders, who have privileged access to the network – including employees, clients, vendors and management – pose a significant risk. Rather than accidental mistakes – like employees negligently clicking on phishing schemes – these individuals intentionally exploit their access to gain unauthorized access, steal sensitive data, or cause harm to the organization in another fashion. Insider Threats: On The Rise, Costly And Sneaky Studies have shown how much of a threat insiders with malicious intent can be to businesses. According to a report by Proofpoint, insider threats accounted for $15.38 million in average costs, affecting 34% of businesses annually. Malicious insiders often have an advantage as they are familiar with the organization's systems and processes, making it easier for them to navigate through security measures undetected. In addition, their nefarious activities are often impossible to distinguish from legitimate work activities by IT security. There’s a popular misconception that insider threats have to come from people high up in the company, but statistically, that isn’t always the case. Approximately 61% of internal actors are not in positions with a high level of access or stature. Even when examining governmental leaks, it becomes evident that some of the most significant leaks have come from individuals who are not in high positions like Edward Snowden. In the instance of Snowden, a former contractor for the National Security Agency (NSA), this showed that it is not always high-ranking officials who have access to sensitive data but anybody who possesses knowledge and access based on their role within the organization. This highlights an important problem: Oftentimes organizations do not have robust security systems in place to keep the wrong people from sensitive information. “To protect against insider threats, organizations should consider implementing various measures, starting with clear clauses and agreements that define intellectual property and ensure that employees understand that the work they produce belongs to the company.”, David Sun, National Practice Leader for Cyber Incident Response and Forensics at CohnReznick LLP. CohnReznick is a leading advisory, assurance and tax firm that helps organizations achieve their goals consulting on insider threats and how to prevent them before they can cause any damage by optimizing performance, maximizing value and managing risk. They offer a comprehensive range of consulting services encompassing various areas; part of their services is cybersecurity. This education is crucial in dispelling the notion that employees can take company-owned materials such as contact lists or internal documents with them when they leave. By educating employees about ownership and setting clear expectations, organizations can prevent misunderstandings regarding intellectual property. Technical Tools: Monitoring Necessary? Technical controls also play a vital role in preventing insider threats. “Companies should consider disabling USB drive functionality on computers to prevent employees from easily copying large amounts of data onto portable devices. In addition, access controls should be implemented, ensuring that employees only have access to the information necessary for their specific job roles.” says Sun. By limiting access to sensitive data and implementing need-to-know basis controls, companies can minimize the risk of unauthorized data extraction. In other words, only the necessary parties should have access to sensitive information. Proactively monitoring and highlighting high-risk employees may involve tools that collect screenshots, log keystrokes, record file downloads and copies and monitor email activities. By closely monitoring the activities of high-risk individuals, organizations can detect any unusual or unauthorized behaviors, and take prompt action to prevent data breaches or leaks. A multi-faceted approach to address cybersecurity needs, including insider threats is important to combat this issue. Risk Mitigation: Moving Forward Without effective measures in place, companies are at risk of losing money, clients and authority. The reality is there is generally a lot of sympathy when a company is a victim of a ransomware attack and oftentimes ransomware threats are over quickly. With insider threats, the damage can be much more far-reaching and crippling to a company. “To combat the impact of insider threats, companies should have a key employee departure process which includes proactive forensic preservation and analysis to identify any suspicious activity before damage has been done to the organization,” warns Sun. While preventive measures are important if a company is attacked, they need to react before it is too late. For businesses, the real threat may lie closer to home – and thankfully, firms like CohnReznick help to protect and prevent the damage these insider threats can unfortunately cause. To learn more contact David Sun. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 13, 2023 09:00 AM Eastern Standard Time

News Release

New Ground-Breaking Site Launched For Live Casino Games

Intelligiants Ltd

CrazyTimeStats.com is a new online platform dedicated to providing casino enthusiasts with comprehensive reviews, expert guidance, and a wealth of information about the world of live casinos. The website, which was launched on 10 November 2023, aims to redefine how players engage with live casino games, offering a user-centric approach to empower players and enhance their gaming experiences. The game Crazy Time was released by Evolution Gaming in 2020. It features a live feed of a fortune wheel and hostess and has rapidly become one of the most popular games worldwide. The portal Crazy Time Stats is innovative in providing instant real-time feeds and an extensive history of Crazy Time spins. Players can witness the games unfold with access to real-time data, gaining insight into the latest game rounds, outcomes, and trends. Although the name implies that the platform only focuses on Crazy Times, the site further offers comprehensive guides for live blackjack casinos, live roulette casinos, and live game show casinos. CrazyTimeStats.com’s Editor-in-Chief, David Winter, explains, "These guides serve as invaluable resources, helping players understand the nuances of each game and the strategies that can lead to success. Whether you're a novice looking to learn the ropes or a seasoned player seeking to refine your skills, CrazyTimeStats.com has you covered with real-time information and expert guidance.” The website also offers instant access to live video feeds of games such as Monopoly Live or Cash or Crash, for example, in high-quality audio and video, without having to register or signing up for an account. David Winter adds that the aim is to “grow the site to a hub for any enthusiast or anyone seeking more information on live casinos in general.” END Source: https://www.crazytimestats.com/ Contact Details Intelligiants Ltd F Kvarnebrink fred@intelligiants.net Company Website https://www.crazytimestats.com/

November 13, 2023 08:25 AM Eastern Standard Time

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