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FS-ISAC AND CYBERBIT CONCLUDE FINANCIAL CYBER LEAGUE WITH 75 TEAMS

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The top ten finalists of the ICL Financial Cup feature teams from APAC, EMEA, and North America

RESTON, Va. and BOSTON, Dec. 5, 2023 /PRNewswire/ — FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, and Cyberbit, provider of the world’s leading cybersecurity skill development and readiness platform, announced the conclusion of the second annual International Cyber League (ICL) Financial Cup, a massive-scale cybersecurity tournament for the financial industry with 75 participating teams. The 2023 winner is an undisclosed Fortune 500 financial institution. The first runner-up is Team “Cryptomaniacs” from Sumitomo Mitsui Banking Company (SMBC) and the second runner-up is an additional Fortune 500 financial institution. This year’s tournament featured competitors from all over the world with top teams based in the APAC, EMEA, and North America regions, highlighting the collective efforts to safeguard the global financial system.

The entirely virtual tournament brings together cybersecurity professionals from around the world to engage in hyper-realistic live-fire simulation challenges that mirror the cyber-attacks they may face in real life. The tournament took place 14 October – 14 November 2023, consisting of two rounds. Teams were scored according to their investigation goals, eradication goals, and response time. The winning team scored 99 out of 100 in the live-fire challenge, outperforming teams from leading financial institutions across the globe.

Cyberbit’s cyber range platform immerses users in a virtual security operations center (SOC), which mirrors live-fire attacks to help prepare for real-life incidents. The ICL tournament utilizes the hyper-realistic cyber range to test various technical skills including malware analysis, AWS and Azure Security, Windows OS, and Linux OS and knowledge of security tools such as Splunk Enterprise Security and Palo Alto Firewall. This year’s ICL featured a simulation of an advanced live-fire attack on an AWS network, with participants operating AWS security tools to respond to the attack.

“Exercises are a key component of testing cyber resilience as firms build the muscle memory required for a strong incident response. The ICL tournament is just one of the many ways FS-ISAC facilitates testing sector-wide preparedness,” said Cameron Dicker, Global Head of Business Resilience at FS-ISAC. “This competition is unique in that it allows teams to test their technical skills as well as their ability to work together in a simulated live-fire scenario among friendly competition, strengthening our resilience and cyber community as a whole.”

“Our second year of hosting the ICL tournament along with FS-ISAC did not disappoint. We had a tight race among the largest global financial institutions, exemplifying the level of cyber preparedness we hope to achieve in real-life scenarios,” said Sharon Rosenman, Chief Marketing Officer at Cyberbit. “Congratulations to the winning teams. We are grateful to all the teams who have participated in this year’s tournament and are excited to continue working towards strengthening the global financial sector through hyper-realistic cyber range exercises and collaboration.”

This year’s ICL tournament featured high-level competition as the top three teams’ final scores were separated by 7 points.

“We’re committed to safeguarding our global financial systems and the ICL tournament was a great opportunity to test our team’s expertise in advanced threat detection and incident response. Our success is a testament to our dedication to the ongoing battle against cyber threats,” said Patrick Brodie, Head of Security Operations, Sumitomo Mitsui Banking Company (SMBC).

About FS-ISAC

FS-ISAC is the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, protecting the financial institutions and the people they serve. Founded in 1999, the organization’s real-time information sharing network amplifies the intelligence, knowledge, and practices of its members for the financial sector’s collective security and defenses. Member financial firms represent $100 trillion in assets in 75 countries.

About Cyberbit

Cyberbit provides the global leading attack readiness platform for enabling SOC teams to maximize their performance when responding to cyberattacks. The platform empowers security leaders to make the most of their cybersecurity investment by boosting the impact of the human element in their organization. Cyberbit delivers hyper-realistic attack simulations mirroring real-world scenarios. It enables security leaders to dramatically reduce MTTR, dwell time and cybercrime costs, improve hiring and onboarding, and increase employee retention. Customers include Fortune 500 companies, MSSPs, systems integrators, governments, and leading healthcare providers.

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Shanghai’s Lujiazui adds 5 global asset management institutions

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SHANGHAI, March 5, 2024 /PRNewswire/ — Five global asset management institutions, including Aspect Capital and Schroders Capital, have signed agreements to settle in Shanghai’s Lujiazui Financial City, said local authorities.

According to Xiao Jian, head of Lujiazui administration bureau under the China (Shanghai) Pilot Free Trade Zone, Lujiazui Financial City has so far attracted more than 8,000 financial institutions.

Lujiazui has become an important cluster for global asset management institutions in China. It now boasts about 80 percent of foreign-funded asset management institutions, 40 percent of foreign-funded corporate banks, nearly one-third of public fund management companies, and nearly one quarter of insurance asset management institutions of the total in the country, Xiao said.

More than 80 world-renowned financial institutions from 13 countries have established over 120 foreign asset management institutions in Lujiazui.  

“Lujiazui is an important gathering place and business expansion place for global asset management institutions in China. We are very honored to have the opportunity to join the Global Asset Management Partner Program. We also hope that through this signing, we can contribute to building Lujiazui into the core area of a global asset management center and accelerating Shanghai’s entry into the forefront of global asset management center cities,” Li You, Chief Compliance Officer of Aspect Capital (China) Limited.

Shanghai has made a great stride in pushing for financial openness and attracting more global financial institutions and investors. The next step could be to take advantage the special status of Shanghai Free Trade Zone and Lingang special area to develop an off-shore financial system, adopting the most advanced financial business models and regulatory regimes,” said Yan Hong, professor of finance of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University.

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LAMPRO International Distributor Summit: A Feast of Gathering and Future Prospect

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-Focus On Pro, Pro For Mate

HUIZHOU, China, March 5, 2024 /PRNewswire/ — On March 2-3, right on the 20th anniversary of the establishment of LAMPRO, the International Distributor Summit was successfully concluded in Huizhou. With the theme of “Focus On Pro, Pro For Mate”, the summit attracted more than 200 partners from all over the world, sharing the industry trend and advanced leading technology. During the summit, LAMPRO held an appreciation award ceremony and signing ceremony as well for partners to co-build a partnership system and create a brighter future together.

At the summit, Sichuan opera performances, band shows, and other entertainment sessions created a warm and comfortable homey vibe, so that every guest fully enjoyed the process. One of our partners even took the initiative to sing on stage.

To share business opportunities with partners and demonstrate the vision of prosperous development, LAMPRO has elaborately planned the “Tree of Dreams” launching ceremony and the 20th-anniversary sand painting video. In the beginning, Chairman Tiger Lin thanked all partners for choosing Unilumin and LAMPRO, and he emphasized, “It is vital to choose the right brand and bind with it, which will help you become an outstanding leader locally.” Afterwards, Mr. Lawrence Liu, General Manager of LAMPRO, shared the development strategy of LAMPRO partner system. The project director introduced and demonstrated LMini and other major product series in details, which greatly boosted the confidence of global partners.

Furthermore, to thank partners for their support and seek mutual development, LAMPRO also held an awarding session, a signing ceremony, and a visiting journey to the Daya Bay intelligent manufacturing base on March 3, which demonstrated the industry-leading intelligent manufacturing capabilities of LAMPRO and high quality of products. LAMPRO sincerely expects to establish a closer cooperative relationship with global partners. Partners said that they gained valuable friendship and cooperation opportunities at the summit, and highly recognized the manufacturing strength and product capability of LAMPRO.

Meanwhile, elaborately arranged lucky draws pushed the atmosphere to a culmination, in which prizes included electronic equipment of well-known brands. At the end of the dinner party, LAMPRO prepared unique souvenirs, including the 20th-anniversary mascot of LAMPRO, hoping to leave an unforgettable impression on every guest.

Looking ahead, we expect to share greater joys of success with more partners in subsequent distributor summits, create a bright future and display a better world together.

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Aptoide launches campaign for a truly open digital market with new DMA website

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LISBON, Portugal, March 5, 2024 /PRNewswire/ — Aptoide, the pioneer in global alternative Android app distribution, has launched a new campaign website, Leveling the game, including an Open Letter from the Aptoide founders, to demand full compliance from gatekeepers with the EU’s Digital Markets Act (DMA) and to urge regulators to take further action against anti-competitive practices by digital gatekeepers. Since 2011, Aptoide has been a vocal advocate for fair competition in the mobile app market, consistently challenging the market dominance of tech giants like Google.

 

With the March 2024 deadline for complete DMA compliance from gatekeepers set for this week, Aptoide sees this as a critical juncture for achieving true fairness in digital markets. However, the company also points out that significant obstacles remain, particularly with Apple’s recent DMA-related proposals, which include the introduction of a Core Technology Fee (CTF) and restrictive terms that limit developers’ access to alternative platforms.

“Aptoide has always advocated for a digital marketplace where innovation thrives and fairness reigns”, said Paulo Trezentos, Aptoide’s CEO and co-founder. “The DMA is a landmark step in that direction, but it’s clear that some tech gatekeepers are reluctant to let go of their stranglehold on the mobile industry. We must continue to push for reforms that will truly level the playing field”.

Aptoide argues that Apple’s proposed changes mostly serve to preserve its market dominance rather than to foster genuine competition, maintaining control by imposing disproportionate fees on alternative app stores and discouraging users from exploring non-Apple ecosystems through complex installation processes and misleading warnings.

Álvaro Pinto, co-founder and COO of Aptoide, added, “We’re at a crucial moment where the actions of regulators will determine the future of digital markets. Apple’s half-hearted reforms under the DMA are simply not enough. We need to ensure that the spirit of the DMA is not lost in loopholes and half-measures”.

In response to these challenges, Aptoide calls on EU authorities to hold Apple accountable and to demand that they:

  • Eliminate or significantly reduce the CTF to reflect actual costs.
  • Offer developers the freedom to choose between distribution models without restrictions.
  • Simplify the app installation process for a better user experience.
  • Apply the CTF fairly across all market participants.
  • Remove misleading warnings about alternative payment systems.
  • Ensure the confidentiality of data from competing marketplaces.

Aptoide believes that real competition can only emerge if the EU takes decisive action to enforce open market principles, leading to a digital marketplace that values fairness and innovation. And that the fight for an open digital marketplace is far from over and requires a united front. That’s why the company urges developers, consumers and regulators to join in demanding more from both Apple and Google.

Aptoide invites all stakeholders to visit their new DMA advocacy landing page, Leveling the game, to learn more about the ongoing struggle for an open digital world and to join the movement against the outdated monopolistic tactics of dominant gatekeepers.

Read the Aptoide Founders’ Open Letter about the DMA and what we need for real digital freedom here:

Open Letter from the Aptoide Founders

About Aptoide

Aptoide is a game-changing app distribution and payment processing platform, with over 430 million users, 10 billion downloads and 1 million apps. Available on multiple channels including Android, Web, TV and automotive, Aptoide offers developers a trusted, experienced partnership with a deep understanding of all ecosystems.

Please contact: press@aptoide.com 

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