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Alibaba Cloud Obtains Global Security and Compliance Accreditations in Multiple Industries

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Alibaba Cloud, the data intelligence backbone of Alibaba Group, today announced that it had obtained two new globally recognised security and compliance accreditations in the automobile and healthcare industries. These underline Alibaba Cloud’s ongoing commitment to meeting the highest standards across sectors and geographies, making it easier for businesses of all sizes to use cloud computing and data intelligence technologies.

Completing Level 3 assessment in TISAX

Alibaba Cloud obtained the highest Level 3 assessment in TISAX (Trusted Information Security Assessment Exchange) in an audit conducted by PwC in Germany. Founded in 2017 by the German Automobile Industry Association (VDA) and regulated by the European Network Exchange, TISAX is an automobile industry assessment of service providers’ level of compliance with stringent information security requirements.

Independent auditor PwC conducted a thorough on-site inspection of Alibaba Cloud’s data centers in Germany and a series of interviews to review the company’s controls and management. For Alibaba Cloud’s automotive customers, the assessment will help reduce the effort and expense involved in conducting individual assessments when they engage the company to handle their highly sensitive information. The accolade is also significant given the future of autonomous driving platforms and their use of data.

“TISAX assessment is an important benchmark for service providers in the automotive industry when it comes to safeguarding customers’ highly sensitive data. Following a thorough review of Alibaba Cloud’s data centers in Germany and its internal controls across the board, we are happy to announce that the currently highest available Level 3 certification of the assessed Alibaba Cloud Services are available via the ENX portal,” said Aleksei Resetko, Partner in Cybersecurity & Privacy at PwC Germany.

GxP readiness recognized

Alibaba Cloud has also completed the Good “x” Practice (GxP) readiness assessment for the healthcare industry under the US Food and Drug Administration (FDA) regulations on Electronic Records and Electronic Signatures (ERES). The audit was conducted by RSM LLC, a US-based independent third-party, but this standard will apply to Alibaba Cloud’s customers in multiple jurisdictions.

The review included an assessment of the products offered by Alibaba Cloud, as well as the security controls of the platform itself and the company’s ability to maintain compliance in the future. In addition, Alibaba Cloud issued a whitepaper that looked at the requirements of the Health Insurance Portability and Accountability Act, covering the compliance of multiple products and services.

“At RSM, we understand the importance of protecting sensitive information, and we were happy to participate in the completion of important compliance efforts to further the robust security program within Alibaba Cloud. As we see with many of our clients, adherence to GxP, including regulations such as HIPAA and 21 CFR Part 11, is one of the cornerstones of a robust cloud solution,” said Greg Vetter, Security Principal at RSM.

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“We continue to strive for the highest international standards and these latest achievements provide clear evidence of the successful ongoing expansion of our services. Alibaba Cloud is also fully committed to inspiring confidence in products from a broader range of customers, which third-party accreditation clearly provides. Achieving these multiple accreditations reflects our alignment with the best providers in these industries and expands our business influence globally,” said Yuanbin Zheng, Head of Security Compliance and Privacy at Alibaba Cloud Intelligence.

Ensuring these high standards in the healthcare and automobile industries is a response to growing customer demand. It is also a reflection of the levels of dynamism and innovation in these two sectors, which offer some of the biggest opportunities for cloud computing. Other business units within the Alibaba Group will also be able to leverage these accolades for their own work within these industries.

Earlier this year, Alibaba Cloud also completed an assessment for compliance with the broker-dealer media requirements put into effect by the US’s Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). Alibaba Cloud’s Object Storage Service (OSS) is the only cloud service in China that has passed the audit compliance assessment run by the US-based Cohasset Associates and can meet the regulators’ requirements for retaining electronic records. Although originated in the US, these regulatory standards allow Alibaba Cloud to serve more customers across the global financial industry.

These international recognitions are key to Alibaba Cloud’s ongoing expansion and drives engagement and understanding between the company, regulators and clients in new markets. As part of its commitment to complying with local regulations and industry standards across 20 global regions, Alibaba Cloud has obtained more than 70 security and compliance accreditations worldwide.

 

SOURCE Alibaba Cloud

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BingX Joins NBX 2025 as a Gold Sponsor: Empowering Blockchain Innovation

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PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.

NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.

In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.

“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”

BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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Great Bay Insurance Group announces executive changes

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WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.

Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies. 

Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”

As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr. 

Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.

Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.

Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102

brian.schleider@greatbayinsure.com

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Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice

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LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris. 

Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”

Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.

Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.

The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.

The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.

John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”

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Notes for Editors

Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.

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