Latest news with #riskmitigation
Yahoo
28-07-2025
- Business
- Yahoo
Asimily Adds Enhanced IoT Password Management and Device Patching to Its Comprehensive Security Platform
SUNNYVALE, Calif., July 28, 2025 (GLOBE NEWSWIRE) -- Asimily, the only complete IoT, OT, and IoMT Risk Mitigation Platform, today announced the release of several new innovative features designed to help organizations across all industries efficiently secure and manage IoT devices while continuing down its path of cybersecurity innovation. These features are: IoT Password Management significantly simplifies the execution of password best practices across devices from multiple manufacturers. IoT Patching offers a 200% increase in supported manufacturers whose devices can now be automatically updated by Asimily. An intuitive new user interface designed for speed and efficiency, particularly for busy security and IT teams. 'Organizations with device fleets have always struggled to keep them updated. Unlike servers and operating systems, there is no streamlined process owned by the software manufacturer for IoT. This has always forced organizations to devote significant time and money to this essential line of defense,' said Shankar Somasundaram, CEO of Asimily. 'With our new IoT Management module and its Password Management and Patching capabilities, devices get automatically and fully updated faster with far less time and effort, helping prevent successful attacks from establishing a foothold within a company's networks.' IoT devices, such as printers, IP cameras, teleconference devices and network access points, are increasingly common targets for cyberattacks. Securing and managing IoT fleets requires the right software, processes, and skilled personnel to balance operational functionality and security. These features join the Asimily platform as crucial components, purpose-built to address the unique challenges associated with IoT Unauthorized Access with IoT Password Management Under the IoT Management module, Asimily has added IoT Password Management. This feature helps organizations enforce stronger credential policies and reduce the risk of unauthorized access to critical IoT infrastructure. It makes organizational adherence to best practices – strong passwords, no re-use – much easier while still allowing devices to operate with minimal interruption. Asimily's IoT Patching and IoT Password Management work together to prevent unauthorized access, allowing patching to be performed with a click, according to a schedule, or automatically. Increased Manufacturer Support for IoT Management Asimily has expanded its manufacturer support for IoT Management. This broader support ensures that even more devices can be automatically patched with Asimily, enabling better security for organizations. As businesses across industries continue to adopt new IoT devices, the expansion of this feature enables organizations to confidently lean into IoT while scaling security practices as their fleet grows. Since the initial launch of IoT Patching in March, 2025, the number of supported vendors has doubled, making thousands more customer devices easily updatable. Asimily is on track to increase the number of supported vendors by 400% within a year, dramatically expanding its direct-patching coverage. New User Interface Asimily recently refreshed its user interface to simplify adoption, organize crucial features around common workflows, reduce friction to accomplish critical risk mitigation tasks, and support a best-in-class user experience. Driven by extensive research and testing, the new interface reinforces Asimily's commitment to innovation and enables users to take decisive action across IoT, OT, and IoMT infrastructure. Ready to Strengthen Your IoT Security? See how Asimily's new capabilities make device management faster, safer, and easier than ever here. About Asimily Asimily has built an industry-leading risk management platform that secures IoT devices for organizations in healthcare, manufacturing, higher education, government, life sciences, retail, and finance. With the most extensive knowledge base of IoT and security protocols, Asimily inventories and classifies every device across organizations, both connected and standalone. Because risk assessment—and threats—are not a static target, Asimily monitors organizations' devices, detects anomalous behavior, and alerts operators to remediate any identified anomalies. With secure IoT devices and equipment, Asimily customers know their business-critical devices and data are safe. For more information on Asimily, visit Asimily ContactKyle Petersonkyle@ A photo accompanying this announcement is available at
Yahoo
21-07-2025
- Business
- Yahoo
From Arena to Lumia: Is the UK asset finance industry turning the tide on fraud?
The collapse of Arena Television in late 2021 remains one of the most sobering episodes in recent UK asset finance history. Arena Television's absconded directors and lessors' missing millions What appeared to be a thriving broadcast business was, in reality, a meticulously orchestrated fraud. Dozens of lenders, more than 50, by some counts, were exposed to a web of falsified documents, phantom equipment, and duplicated finance agreements. The aftermath was devastating and made painfully clear that the industry lacked a way to see the full picture. In the wake of Arena, the industry faced a reckoning. How had so many institutions, with supposedly strong risk mitigation frameworks, failed to detect what was ultimately a shared vulnerability? The answer: a systemic lack of visibility. Traditional tools, credit reference agencies, internal fraud checks, Companies House data, couldn't provide a cross-lender view of live agreements. The result was a perfect storm for coordinated fraud. Had the asset finance industry's long-standing reluctance to share information been exploited by Arena's absconded directors? It certainly seemed that way. Fraud prevention after Arena Television: will anything change? Out of that crisis came Acquis Lumia, launched in 2022 by Acquis Data Services, a division of Acquis Insurance Management Ltd. Lumia offered the industry what it never had before: a collaborative platform where asset finance providers share key data points from active agreements, anonymised and aggregated into a central register. It's a simple but powerful concept, compare new applications against a wider market dataset to spot red flags in real time. Under the Acquis Lumia platform, each participating lender submits a monthly file containing seven key data fields for every active asset finance agreement. The data includes the agreement number, a unique identifier for each finance deal, and the lessor ID, which indicates the submitting lender. It also captures the start and expiry dates of the agreement, providing insight into the duration and overlap of borrowing arrangements. To identify the borrower, the company registration number is submitted, along with the lessee company name, which is anonymised before being stored in the central register. Finally, the net book value of the asset, its current value on the lender's books is recorded, giving a financial reference point for the agreement. And now, with Grenke announced as Lumia's 40th member, the platform's growth is difficult to ignore. It includes major banks like Lombard, BNP Paribas, and HSBC Equipment Finance, as well as independents like Liberty Leasing. The pace of adoption points to a sector that no longer sees collaboration as a compromise, but as a necessity. There are signs it may be working. According to GBG data, cited in the Cifas Fraudscape 2025 report, identity fraud in the asset finance sector has dropped more than 80% in the past year alone, from 7,837 cases in 2023 to just 1,560 in 2024. It's the sharpest decline of any sector. The report cites 'targeted anti-fraud measures' as a key factor. Could Lumia be among them? It's a compelling possibility. To be clear, Lumia isn't a silver bullet. The fraud landscape continues to evolve, with increasingly sophisticated threats targeting even the most robust lenders. Also, Acquis is not alone in seeking an industry-wide solution in the UK. But Lumia does represent a fundamental shift, from isolated risk management to shared intelligence. With Grenke now on board and the platform reaching its 40-member milestone, this moment feels like a turning point. Is it confirmation that the fraudsters are losing ground? More likely, it is that it is too soon to tell. But for the first time in years, the asset finance sector has a tool built not just to react to fraud, but to anticipate it. And that might just make all the difference. "From Arena to Lumia: Is the UK asset finance industry turning the tide on fraud?" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
16-07-2025
- Business
- Bloomberg
AXIS Capital CEO Vince Tizzio on the Business of Risk
Vince Tizzio, the president and CEO of AXIS, discusses his company's risk mitigation strategy and how factors such as climate change can impact his reinsurance business. Vince speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
Yahoo
14-07-2025
- Business
- Yahoo
Associa's Brian Kruppa Named Finalist in 2025 D CEO Corporate Counsel Awards
DALLAS, Texas, July 14, 2025 (GLOBE NEWSWIRE) -- Associa, the largest community management company in North America, is proud to announce that Brian Kruppa, Executive Vice President and Chief Legal Officer, has been named a finalist in D CEO's 2025 Corporate Counsel Awards. Kruppa is recognized in the 'Outstanding In-House Counsel' category for his exemplary leadership and contributions to Associa's legal strategy, risk mitigation, and ethical governance. Hosted by D CEO magazine, the annual Corporate Counsel Awards honor top legal minds across North Texas who have made significant impact within their organizations and industries. 'Brian is an invaluable part of our executive team. His leadership and legal expertise have helped strengthen our operations, navigate complex challenges, and drive forward our long-term goals,' said John Carona, Chairman and CEO of Associa. 'We're incredibly proud of Brian's well-earned recognition and the integrity and strategic foresight he brings to our company every day.' Kruppa joined Associa in 2007 and has since overseen the legal, risk, and compliance functions across the company's operations in the U.S., Canada, and Mexico. He has played a pivotal role in supporting Associa's growth, managing legal integrations from key acquisitions, and ensuring the highest standards of compliance across jurisdictions. Winners of the 2025 Corporate Counsel Awards will be announced at an exclusive awards ceremony on September 23, 2025, in Dallas. About Associa With more than 300 branch offices across North America, Associa is building the future of community for more than 7.5 million residents worldwide. Our 15,000+ team members lead the industry with unrivaled education, expertise, and trailblazing innovation. For more than 45 years, Associa has brought positive impact and meaningful value to communities. To learn more, visit CONTACT: Tiffany Mershae Associa 972-661-4429 TMershae@ in to access your portfolio
Globe and Mail
25-06-2025
- Business
- Globe and Mail
AISIX Solutions Inc. Identifies Top 10 Canadian Oil and Gas Sites at Risk of Wildfires Given Historical Fire Patterns and Top 10 Oil and Gas Fields With Highest Increase in Wildfire Probability
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - AISIX Solutions Inc., (TSXV: AISX) (FSE: QT7) (" AISIX" or "the Company"), a wildfire data and analytics company, has released an analysis highlighting the top 10 Oil and Gas fields at risk of wildfires given historical conditions and the top 10 Oil and Gas fields with highest increase in wildfire probability given the fifth Shared Socioeconomic Pathway (SSP5) climate change scenario by 2050. "We are dedicated to supporting wildfire risk mitigation efforts for the energy industry by providing the most precise data available," said Mihalis Belantis, CEO of AISIX Solutions Inc."By pinpointing historical, current and future high-risk areas, our goal is to help stakeholders take essential measures to reduce the risk of production disruption." The Top 10 Oil and Gas fields are ranked by AISIX as follows: Cameron Hills Thetlaandoa Firebag Long Lake Rainbow south Cranberry Christina Lake * Helmet Jackfish* Judy Creek Figure 1 Top 10 Oil and Gas fields with respect of historical burn probability To view an enhanced version of this graphic, please visit: * These sites are currently impacted by wildfires The Top 10 Oil and Gas fields with highest increase in regional wildfire probability given the fifth Shared Socioeconomic Pathway (SSP5) climate change scenario by 2050 ranked by AISIX Solutions Inc. Bighorn Lovett River Ferrybank Acheson Medicine Lodge Sundance Kaybob South Fox Creek Bellshill Lake Christina Lake Figure 2 Top 10 Oil and Gas fields with highest increase in wildfire probability given the fifth Share Socioeconomic Pathway (SSP5) climate change scenario by 2050 To view an enhanced version of this graphic, please visit: Figure 3 Map showing wildfire burn probabilities (yellow to red colours), some towns and cities for reference, Oil and Gas fields impacted by 2025 fires, the top 10 fields with respect of historical burn probability and the top 10 with respect increase burn probability by 2050 according to SSP5. To view an enhanced version of this graphic, please visit: The analysis considers aggregated 30-year burn probabilities within 25km of Oil and Gas fields as portrayed by AISIX Wildfire dataset. AISIX utilizes machine learning, physical based-modeling and climate change projections to pinpoint locations facing the highest wildfire probability. AISIX's wildfire data workflow includes the application of Cell2Fire2, an advancement of BurnP3+, and simulates wildfire behaviour at the country scale according to historic and projected change in climate patterns. The analysis shows long term trends rather than year-to-year specific conditions and highlights burn probability hotspots given historical conditions** The analysis also shows the Oil and Gas fields currently impacted and nearby wildfires, based on current actively burning fires: Jackfish, Christina Lake, Foster creek, Rainbow, Kelly, Cutbank, Bubbles North, Horn River, Petitot River. ** Some recent forest disturbances may not yet be included in the model. Energy operators are invited to request a demo today to learn how to integrate AISIX's Wildfire 3.0 predictive modeling into their risk mitigation, emergency response, and climate resilience strategies. For more information about AISIX Solutions Inc. and its climate risk solutions, please visit or follow the Company on X (formerly Twitter) at @AISIXSolutions or on LinkedIn at About AISIX Solutions Inc. AISIX Solutions Inc., is a climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of data analytics and risk assessment, AISIX Solutions Inc. is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX Solutions Inc. aims to foster resilience and sustainability in the face of climate change. Forward-Looking Statements Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the " forward-looking statements") within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information, including the Company's expected product offerings, the functionalities of the Company's products and the Company's expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company's ability to obtain capital and credit on reasonable terms, the Company's ability to compete and the Company's ability protect its intellectual property rights. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time. Media Contact media@ Investor Relations
