Fintech PR
CDNetworks Rapidly Expanded Its Global Scrubbing Center Network in 2023, Offering Sub-Second Scrubbing Service with Over 15 Tbps Capacity
With over 10 new scrubbing centers opened in 2023, CDNetworks continues to accelerate deployment of scrubbing centers to offer best-in-class availability and resilience.
SINGAPORE, March 6, 2024 /PRNewswire/ — CDNetworks, the APAC-leading network to deliver edge as a service, today announced it rapidly expanded its global network of scrubbing centers in 2023 to help organizations boost availability, enhance resiliency, and secure the digital experience. Offering sub-second scrubbing services, with a capacity exceeding 15 Tbps, this rapid expansion is ideally suited to help organizations cope with the increasingly severe DDoS attacks and more complex compliance concerns.
According to CDNetworks’ latest State of Web Application and API Protection Report, the frequency of DDoS attacks is significantly increasing, with TB-level attacks becoming more common. The report also highlights a shift in the variety of attack methods being employed, indicating that organizations need to adopt unprecedented measures and pay increasing attention to DDoS protection. Additionally, the growing emphasis on compliance with global regulatory standards is shaping the cybersecurity strategies of companies worldwide. These regulatory mandates necessitate the adoption of localized scrubbing centers, making them an essential component of a robust cybersecurity posture. In this context, the localization of extensive scrubbing center network becomes even more important when it comes to minimizing your risk of a DDoS attack.
“As DDoS attack methods undergo profound changes, the role of local scrubbing centers will become more prominent. Local scrubbing centers will become a critical safeguard for an increasing number of low-latency services while delivering a safe and secure experience to end-users. At the same time, local scrubbing centers will help organizations deal with malicious traffic without allowing data to leave its country of origin. This two-fold approach not only enhances the protection capabilities of an organization’s services, but also satisfies the requirements of compliance regulations,” said Doyle Deng, Head of Global Marketing and Product at CDNetworks.
Doyle further explained, “These factors are the motivations for accelerating the deployment of our scrubbing center network in 2023. This is especially true when it comes to emerging markets, such as Singapore, Thailand, Vietnam, Indonesia, and the Philippines. This expansion further buttressed our global scrubbing resources, meeting the evolving needs of customer businesses. Currently, we continue to expand our local scrubbing centers in South and Southeast Asia, Middle East, South America, and other regions. “This ongoing expansion will reinforce our sub-second-level scrubbing services, assisting with the delivery of unparalleled world-class security without impacting latencies and end-user experiences.“
Scrubbing Centers Built in 2023
- Surabaya, Indonesia
- Cebu City, Philippines
- Manila, Philippines
- Singapore (*2 Centers)
- Bangkok, Thailand (*3 Centers)
- Ho Chi Minh City, Vietnam (*2 Centers)
- Paris, France
- Montreal, Canada
With the official opening of the scrubbing center in Montreal, Canada, at the end of last year, CDNetworks now has more than 20 scrubbing centers globally. These strategic expansions will enhance CDNetworks’ ability to assist businesses worldwide to mitigate diverse DDoS attacks quickly and effectively.
Since 2021, CDNetworks has significantly increased its investment in cloud security, having launched a number of cloud security products including its WAAP solution. This commitment to advancing cloud security technology has enabled CDNetworks to stand at the forefront of defending against sophisticated cyberthreats. Over the years, CDNetworks has successfully helped organizations in Banking, financial services, and insurance (BFSI), gaming, software information services, and other industries to withstand repeated large-scale DDoS attacks multiple times, continuously earning regular praise and recognition in the industry.
Noteworthy DDoS Mitigation Successes by CDNetworks:
- In the BFSI sector, we showcased our exceptional defensive capabilities by successfully neutralizing a 1.025 Tbps DDoS attack in January 2024, ensuring uninterrupted business continuity for our client.
- Within the gaming industry, our expertise in handling frequent volumetric DDoS attacks was proven, as we assisted several companies to overcome challenges. These achievements included repelling a 1.05 Tbps attack in October 2023, a 1.72 Tbps attack in January 2023, and a 2.09 Tbps attack in January 2022.
- In the software and information services sectors, we safeguarded a well-known multinational corporation from a massive 34.7 million RPS DDoS attack in April 2022, underlining our capability to protect global organizations from sophisticated cyberthreats.
For the latest information about CDNetworks’ scrubbing center network, please visit our Flood Shield product page for new updates.
About CDNetworks
As the APAC-leading network with over 2,800 global Points of Presence and more than 20 years of technology experience, CDNetworks embraces the new era of Edge and takes it to the next level by using the Edge as a service to deliver the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, zero trust security, and colocation services – all of which are uniquely designed to spur business innovation. To learn more, visit cdnetworks.com and follow us on LinkedIn.
Media Contact
CDNetworks Co. Ltd
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www.cdnetworks.com
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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.
Pioneering Sustainability with Dual Recognition
“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”
Driving Sustainability through AI Innovation
VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.
Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.
In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.
Security Sustainability as a Foundation for Social Impact
VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.
Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.
To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.
View original content:https://www.prnewswire.co.uk/news-releases/vivotek-wins-double-honors-for-its-commitment-to-sustainability-302339223.html
Fintech PR
2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters” Successfully Concluded
GUIYANG, China, Dec. 26, 2024 /PRNewswire/ — To fully implement the spirit of “carrying forward China’s cultural heritage” and “promoting the creative transformation and innovative development of fine traditional Chinese culture”, the 2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters”, organized by the Publicity Department of the CPC Guiyang Municipal Committee and hosted by www.huanqiu.com, has successfully concluded on Dec.16. The contest drew thousands of teenagers from both China and abroad, who used cultural empowerment and innovative designs of Chinese characters to narrate and promote Guiyang.
At the “Colorful Guizhou • Literary Plateau” Farming and Reading Event, 59 outstanding works from 26 countries, along with 21 representative pieces from various countries and regions, were showcased. According to the organizing committee of the Global Youth Design Contest on Chinese Characters, “This exhibition serves as both a lasting commemoration of the event and a report to all those who care about the inheritance and promotion of Guiyang and Chinese culture.”
In their submissions, the teenagers selected Chinese characters or phrases they believed best represented Guiyang and reimagined them through innovative designs. Outstanding designs incorporated Guiyang’s iconic architecture and cultural landmarks into Chinese characters to present the city’s urban landscape and historical culture. Some works spotlighted Guiyang’s distinctive cuisine, offering a glimpse into the vibrant and diverse local culinary culture. Some other designs drew inspiration from martial arts villages in Guizhou and featured dragon motifs to symbolize the depth and vitality of Guizhou culture.
Saison from Tajikistan was among the participants in this year’s Global Youth Design Contest on Chinese Characters. Speaking about his design of the Chinese characters, he shared that his design sought to merge the beauty of Chinese characters with the charm of Guiyang. “Guiyang is a captivating place, known for its beautiful scenery, delicious food, and diverse ethnic minorities. I tried to incorporate the beauty of Guiyang into my Chinese character design, hoping to convey the city’s charm and the wonders of Chinese characters through my work.”
The contest officially opened for submissions on September 30. In an effort to boost public engagement and participation, a “cheerleading campaign” was organized for shortlisted works from November 22 to 29. Following expert reviews, 80 outstanding works were ultimately selected for public exhibition.
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View original content:https://www.prnewswire.co.uk/news-releases/2024-global-youth-design-contest-on-chinese-characters-themed-guiyang-in-characters-successfully-concluded-302339323.html
Fintech PR
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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View original content:https://www.prnewswire.co.uk/news-releases/markets-show-resilience-ahead-of-end-of-year-options-expirations-bybit-x-block-scholes-crypto-derivatives-report-302339299.html
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