Latest news with #ColonialPipeline
Yahoo
22-05-2025
- Business
- Yahoo
High Profile Cyberattacks Continue to Spur Rapid Adoption of Payment Tokenization Solutions to US$1 Billion Market
LONDON, May 23, 2025 /PRNewswire/ -- Payment tokenization continues to reign supreme in the payments space thanks to its ability to minimize potential points of failure and blunt the impact of failed card authorizations. New forms of payment tokenization are emerging, solidifying its position as an essential piece to the digital transaction's security puzzle. ABI Research, a global technology intelligence firm, forecasts Token Service Provider (TSP) revenue to break the US$1 billion mark by 2031 as heightened data protection concerns, security fears propelled by cyberattacks on critical institutions (notably the Colonial Pipeline incident in 2021, attacks on UK NHS hospitals, and concerns regarding the recent Spain and Portugal blackout), and new PCI-DSS 4.0 requirements spark increased demand for digital security solutions such as tokenization in the payments markets. "Maximizing compliance with data protection and legislative data sovereignty requirements while meeting the ever-growing demand for enhanced efficiency within digital transactions is a precarious balancing act within the payments segment, calling for new and innovative technologies to rise to the challenge. Payment Tokenization has proved a viable solution thus far which has evolved to keep pace with the needs of regulation, security, and technological innovation, demonstrated by the arrival of new forms of tokenization and integration of complementary technologies, including biometrics, with tokenization to bolster its security promises, explains Aisling Dawson," Industry Analyst at ABI Research. Headlining trends in payment tokenization including vaultless tokenization, web-based push provisioning, wearables tokens, and the integration of passkey capabilities instead of 3D Secure processes in desktop environments are expected to stir up further adoption of tokenization solutions and services across the payments ecosystem over the next five to ten years. While North America is expected to continue to lead the pack, Europe's formidable regulatory regime pertaining to data protection and digital payments, rapid digitalization in Latin America, and the head start enjoyed by the Asia-Pacific region on tokenized funds and bonds prime the payment tokenization market for growth on a global scale. Although payment tokenization boasts a strong growth trajectory over the next ten years, whetting Payment Service Providers (PSPs) and merchant's appetite for tokenized payment options will require heavy lifting on both the education and awareness-raising fronts. "Building a strong business case for payment tokenization requires a concrete demonstration of how tokenization solutions alleviate PSPs adherence to relevant regulatory and compliance requirements as well as how the migratory process can be eased for merchants who are reluctant to risk downtime or drops in transaction volumes. Payment Tokenization is well-placed for success, but its utility should be considered holistically across the payments ecosystem if TSPs are to truly optimize their prospects of strong revenue generation in this market," Dawson concludes. These findings are from ABI Research's New Forms of Payment Tokenization report. This report is part of the company's Digital Payment Technologies research service, which includes research, data, and ABI Insights. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit Contact Info: GlobalJason ScheerTel: +1.516.624.2562pr@ View original content: SOURCE ABI Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Electrical Power Pole Market to Reach $21.9 billion, Globally, by 2034 at 5.5% CAGR: Allied Market Research
The electrical power pole market is driven by rising electricity demand, rural electrification, grid modernization, and renewable energy integration. Growth is restrained by high installation costs, regulatory challenges, and the environmental impact of wooden poles. However, opportunities lie in smart grid infrastructure, increasing investments in transmission and distribution networks, and the adoption of composite and steel poles for enhanced durability. Urbanization and electrification in developing regions further boost long-term market potential despite short-term economic and logistical constraints. WILMINGTON, DEL., May 8, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Electrical Power Pole Market By Type (Steel, Concrete, Wood, Others), By Application (Distribution power lines, Transmission power lines): Global Opportunity Analysis and Industry Forecast, 2025-2034". According to the report, the "electrical power pole market" was valued at $12.9 billion in 2024, and is estimated to reach $21.9 billion by 2034, growing at a CAGR of 5.5% from 2025 to 2034. Download PDF Brochure: Macroeconomic & Geopolitical Impact The electrical power pole market is significantly influenced by macroeconomic and geopolitical factors that shape its growth trajectory. Macroeconomically, rapid urbanization and infrastructure development, particularly in Asia-Pacific regions like China and India, are driving substantial demand for utility poles to support expanding power distribution networks. Additionally, the global push towards renewable energy sources, such as wind and solar power, necessitates new transmission lines, thereby increasing the demand for utility poles. As per the International Energy Agency (IEA), in 2022, global renewable energy capacity increased by 280 GW, underscoring the need for more utility poles to support these infrastructures. The deployment of 5G networks and smart grid technologies further amplifies this demand, with estimates suggesting that 5G will cover up to 45% of the global population by 2025, requiring extensive utility pole installations. Geopolitically, resource nationalism has emerged as a significant factor, with countries imposing tariffs and export restrictions on critical minerals essential for energy infrastructure. For example, the U.S. imposed tariffs on Chinese mineral imports, and China retaliated by halting exports of crucial minerals to the U.S., complicating international supply chains and increasing costs for utility pole manufacturers. Moreover, energy infrastructures are increasingly targeted by cyberattacks, posing risks to power distribution networks. Notable incidents include the Colonial Pipeline breach in 2021 and attacks on Ukraine's power grid, necessitating investments in more secure and resilient utility infrastructure. Environmental regulations also impact the market; in regions like the U.S., the use of traditional materials such as treated wood is being scrutinized due to environmental concerns, leading to a shift towards more sustainable materials like composite or recycled alternatives. Report coverage & details: Report Coverage Details Forecast Period 2024–2033 Base Year 2023 Market Size in 2023 $12.9 Billion Market Size in 2033 $21.9 Billion CAGR 5.5 % No. of Pages in Report 230 Segments Covered Type, Application, and Region. Drivers Urbanization and Infrastructure Development Rural Electrification Initiatives Opportunities Expansion of renewable energy projects Restraints High Installation and Maintenance Costs The steel segment is expected to lead throughout the forecast period with a CAGR of 5.6%. By type, the steel segment was the highest revenue contributor to the market growing with a CAGR of 5.6%. One of the main drivers of the growing use of steel electrical power poles is their longer lifespan and low maintenance requirements. While wooden poles may last around 25–30 years with regular maintenance, steel poles can last 40–60 years or more with minimal upkeep. This longevity reduces lifecycle costs and the frequency of replacements, making steel poles economically attractive in the long run despite higher initial investment costs. Additionally, steel poles are non-combustible and less likely to contribute to or be damaged by wildfires, which is an important safety consideration in many regions prone to forest fires. Procure Complete Report (230 Pages PDF with Insights, Charts, Tables, and Figures) @ The distribution power lines segment is expected to lead throughout the forecast period with a CAGR of 5.4%. By application, the distribution power lines segment was the highest revenue contributor to the market growing with a CAGR of 5.4%. Electrical power poles are fundamental components in distribution power lines, serving as the primary support structures that hold overhead power lines above ground. Their primary function is to maintain the proper height and alignment of electrical conductors, thereby ensuring the safe and efficient transmission of electricity from substations to end users, such as residential, commercial, and industrial consumers. The growth for distribution power lines segment is fueled by substantial investments aimed at expanding and upgrading distribution infrastructure. For instance, in the United States, over USD 270 billion has been announced for utility-scale renewable energy projects, necessitating enhancements in high-voltage distribution lines to accommodate the increased load. Also, in India, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) announced an investment of $1,865 million under the Revamped Distribution Sector Scheme (RDSS) in 2022 to strengthen Maharashtra's power distribution infrastructure. This initiative encompasses the establishment of 377 new substations, installation of approximately 29,893 distribution transformers, and expansion of high-tension overhead and underground lines. The objective is to provide quality, reliable, and affordable electricity to consumers across the state. Asia-Pacific to maintain its dominance by 2033 growing with a CAGR of 5.7%. Asia-Pacific was the highest revenue contributor, growing at a CAGR of 5.7%. The electrical power pole market in the Asia-Pacific region is witnessing steady growth, driven by ongoing rural electrification, infrastructure modernization, and the expansion of power transmission and distribution networks. Countries such as India, China, Indonesia, and Vietnam are making significant investments in improving access to electricity and upgrading aging grid infrastructure. This trend is further supported by rapid urbanization, industrial development, and growth in demand for reliable power supply in both urban and semi-urban areas. The market is also experiencing a shift towards more durable and sustainable materials, such as composite and metal poles, in addition to traditional wooden and concrete options. Government initiatives aimed at strengthening the power sector and enhancing grid stability are playing a crucial role in propelling the demand for electrical power poles across the region. Connect To Industry Expert: Key Players: - Essential Energy Jiangsu Xinjinlei Steel Industry Co., Ltd. Kasper Engineering Private Limited Ventura Salasar Energy Industries Limited Jiangsu Hongguang Steel Pole Co.,Ltd. Nippon Concrete Industries Co., Ltd. Electro Poles Products Pvt. Ltd. Zhejiang Debao Tower Manufacturing Co.,Ltd. Eastar Electric Group Key Industry Trends The adoption of smart electric poles is accelerating globally, particularly in major urban centers like New York, Los Angeles, and Toronto, as cities aim to enhance infrastructure, public safety, and connectivity. In New York City, the LinkNYC initiative has transformed over 1,800 outdated payphones into digital kiosks providing free gigabit Wi-Fi, USB charging, and emergency services. Building on this, the city introduced 32-foot Link5G poles in 2022, equipped with 5G antennas, environmental sensors, and surveillance cameras to improve connectivity in underserved neighborhoods. Los Angeles has implemented one of the largest smart street lighting projects, integrating energy-efficient LEDs and IoT technology, resulting in a 60% reduction in energy use and improved public safety. Toronto is also embracing smart pole technology, with installations featuring LED lighting, Wi-Fi hotspots, and environmental monitoring systems to support its smart city objectives. Moreover, Connecticut is advancing its electric vehicle (EV) infrastructure by repurposing existing utility poles into charging stations. In March 2025, the Connecticut Public Utilities Regulatory Authority (PURA) selected Voltpost, a company based in San Francisco and New York, for an 18-month pilot program. This initiative involves retrofitting 50 utility poles across the state to install 100 charging ports, aiming for completion by the fourth quarter of 2026. The chargers will be located within the service areas of United Illuminating Co. and Eversource Energy, with users accessing them via a mobile app. This project supports Connecticut's goal of electrifying all state agency fleet vehicles by 2030. Currently, only 1.2% of vehicles registered in the state are electric, highlighting the need for expanded charging infrastructure. Estimates suggest that an additional 1,500 charging ports are required by 2025 to meet anticipated demand. By utilizing existing infrastructure, this approach offers a cost-effective and efficient solution to accelerate EV adoption and reduce greenhouse gas emissions. The report provides a detailed analysis of these key players in the global electrical power pole industry. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Trending Reports in Energy & Power Industry: Utility Poles Market Size, Share, Competitive Landscape and Trend Analysis, 2023-2032 Metal Utility Poles Market Size, Share, Competitive Landscape and Analysis Report, 2023-2032 Smart Pole System Market Opportunity Analysis and Industry Forecast, 2023-2032 Wood Utility Poles Market Statistics and Competitive Landscape Report, 2023-2032 Overhead Power Cables Market Size, Share, Competitive and Trend Analysis, 2023-2032 Power Distribution Component Market: Global Opportunity Analysis and Forecast, 2023-2032 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact us:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@ Us on | Facebook | LinkedIn | YouTube Logo: View original content: SOURCE Allied Market Research
TECHx
01-05-2025
- Business
- TECHx
SANS Institute Brings Free Cybersecurity Training to GISEC 2025
Home » GISEC » GISEC 2025 » SANS Institute Brings Free Cybersecurity Training to GISEC 2025 SANS Institute, a global cybersecurity training and certification company, will take part in GISEC Global 2025 from May 6 to 8 at the Dubai World Trade Centre. This year, SANS joins the event as a strategic partner, emphasizing its long-term commitment to building cybersecurity skills in the region. As part of the partnership, SANS will host the SANS GISEC Academy in Hall 4. This is a community-driven initiative offering three days of free technical training sessions. Led by SANS Certified Instructors, these sessions aim to strengthen cybersecurity capabilities across the UAE and the wider Middle East. Each day will cover a different cybersecurity focus area: Day 1 – Offensive Operations with Jean-François Maes. Topics include malware evasion, OSINT exposure in cloud environments, and vulnerabilities from over ten years of penetration testing. with Jean-François Maes. Topics include malware evasion, OSINT exposure in cloud environments, and vulnerabilities from over ten years of penetration testing. Day 2 – Cyber Defense with Ian Reynolds. Sessions explore deception-based defenses, AI and deepfakes, and advanced threat hunting. with Ian Reynolds. Sessions explore deception-based defenses, AI and deepfakes, and advanced threat hunting. Day 3 – ICS/OT Security with Michael Hoffman. Content includes real-world case studies like the Colonial Pipeline and Ukraine grid attacks. The sessions are designed for analysts, SOC managers, professionals, and decision-makers looking to enhance both tactical and strategic skills. Ned Baltagi, Managing Director for the Middle East, Turkey, and Africa at SANS Institute, said AI-powered threats are changing the game. 'From deepfake-enabled fraud to intelligent ransomware, cybersecurity teams must move from reactive defense to intelligence-driven prevention,' he said. 'Cybersecurity is not just a job responsibility. It's a shared mission for national resilience.' In addition to the academy, Rob T Lee, Chief of Research at SANS Institute, will speak at two key GISEC Global 2025 sessions. On May 6, at the Dark Stage, he will present: 'The AI Acceleration: Defending Critical Infrastructure Against Emerging Intelligent Threats.' The talk will examine AI in cyberattacks, the evolving Volt/Salt Typhoon method, and defense strategies using real-time data. On May 7, he will take part in a Critical Infrastructure Stage panel. The discussion will explore how precision AI and machine learning can protect OT environments. According to Lee, modern attackers use tools that can generate realistic malware, deepfakes, and large-scale phishing campaigns in minutes. 'The challenge isn't just identifying threats—it's keeping pace with how fast they evolve,' he said. Attendees can visit SANS at Stand D75, Hall 7, to meet with senior executives and learn more about the training offerings. SANS Institute will also continue its regional training efforts with four upcoming events in May: SANS Doha – May 10–15 – May 10–15 SANS Riyadh – May 10–22 – May 10–22 SANS Abu Dhabi – May 18–23 – May 18–23 SANS Dubai – May 25–30 These initiatives underline SANS' commitment to advancing cybersecurity expertise across the Middle East.
Zawya
25-04-2025
- Business
- Zawya
SANS Institute brings cybersecurity training and expert-led sessions to GISEC Global 2025
Dubai, United Arab Emirates – SANS Institute, the global leader in cybersecurity training and certification, is participating in GISEC Global 2025 (6-8 May 2025) at the Dubai World Trade Center. This year, SANS Institute joins GISEC Global as a strategic partner, highlighting the company's long-term commitment to developing cybersecurity talent in the region. From May 6 to 8, SANS also will host the SANS GISEC Academy. Located in Hall 4, SANS GISEC Academy is a community-led initiative offering three days of free-to-attend technical training sessions led by SANS Certified Instructors. These sessions are part of SANS' mission to upskill defenders and contribute meaningfully to the UAE's national and regional cybersecurity posture. Each day will focus on a key cybersecurity domain. On day 1, instructor Jean-François Maes will lead a full-day track on Offensive Operations, covering topics such as malware evasion, OSINT exposure in cloud environments, and common vulnerabilities discovered over a decade of penetration testing. Day 2 shifts to Cyber Defense with Ian Reynolds, who will explore deception-based defenses, the role of AI and deepfakes in modern threat landscapes, and advanced threat hunting techniques. Day 3 will be led by Michael Hoffman, focusing on ICS/OT cybersecurity, with insights drawn from real-world incidents such as the Colonial Pipeline and Ukraine grid attacks. The sessions are tailored for cybersecurity professionals, analysts, SOC managers, and decision-makers looking to enhance their tactical and strategic defense skills. "In the Middle East and beyond, digital infrastructure is under increasing pressure from AI-powered threats that are more deceptive, adaptive, and persistent,' said Ned Baltagi, Managing Director for the Middle East, Turkey, and Africa, SANS Institute. 'From deepfake-enabled fraud to intelligent ransomware strains that evade detection, cybersecurity teams must shift from reactive defense to intelligence-driven prevention. At SANS, we're focused on equipping professionals with the practical skills and threat context they need to defend against this next wave of AI-fueled attacks. Cybersecurity is not just a professional responsibility, but a shared priority for national safety and resilience." In addition to the academy, Rob T Lee, Chief of Research at SANS Institute, will take the GISEC stage for two key sessions. On May 6, Rob will speak on the Dark Stage, presenting 'The AI Acceleration: Defending Critical Infrastructure Against Emerging Intelligent Threats'. His talk will highlight the growing use of AI in cyberattacks, the evolving 'Volt/Salt Typhoon' methodology, and data-driven counter-defense strategies. On May 7, Rob will join a panel discussion on the Critical Infrastructure Stage exploring how precision AI and machine learning can secure operational technology environments. "Attackers are no longer bound by time or complexity. What used to take weeks can now be done in minutes with tools that generate believable malware, deepfakes, and targeted phishing at scale,' said Lee. 'We're not facing yesterday's threats moving faster, we're facing a new kind of battlefield. Defenders need to adapt, outpace, and outthink. The hardest part isn't finding the threat but in keeping up with how quickly it changes." Attendees are encouraged to visit the SANS team at Stand D75, Hall 7, where senior executives will be available to share insights and connect with the cybersecurity community. To continue its mission of upskilling cybersecurity professionals across the region, SANS will also be hosting four training events throughout the Middle East in May: SANS Doha (May 10–15), SANS Riyadh (May 10–22), SANS Abu Dhabi (May 18–23), and SANS Dubai (May 25–30). About SANS Institute The SANS Institute was established in 1989 as a cooperative research and education organization. Today, SANS is the most trusted and, by far, the largest provider of cybersecurity training and certification to professionals in government and commercial institutions worldwide. Renowned SANS instructors teach more than 60 courses at in-person and virtual cybersecurity events and OnDemand. GIAC, an affiliate of the SANS Institute, validates practitioner skills through more than 35 hands-on, technical certifications in cybersecurity. The SANS Technology Institute, a regionally accredited independent subsidiary, offers master's and bachelor's degrees, graduate certificates, and an undergraduate certificate in cybersecurity. SANS Security Awareness, a division of SANS, provides organizations with a complete and comprehensive security awareness solution, enabling them to manage their 'human' cybersecurity risk easily and effectively. SANS also delivers a wide variety of free resources to the InfoSec community including consensus projects, research reports, webcasts, podcasts, and newsletters; it also operates the Internet's early warning system–the Internet Storm Center. At the heart of SANS are the many security practitioners, representing varied global organizations from corporations to universities, working together to support and educate the global information security community.
Axios
04-04-2025
- Business
- Axios
Colonial Pipeline being sold for $9 billion
Brookfield Infrastructure Partners on Friday agreed to acquire the Colonial Pipeline, which stretches 5,500 miles from Houston to New York, for around $9 billion (including debt). Why it matters: Scarcity. There are tons of government hurdles to building new pipelines in the U.S., despite Trump's all-in energy policies, and tariffs could make new construction even more daunting. Zoom in: The deal formally is for the midstream asset portfolio of Colonial Enterprises, which includes Colonial Pipeline. BIP will invest $500 million, or around 15% of the total equity commitment, funded by recycled capital.
