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
[email protected]
www.cdnetworks.com
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VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.
Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.
In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.
Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”
BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 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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SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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PASAY CITY, Philippines, Dec. 26, 2024 /PRNewswire/ — The SM Group is approaching the coming year with cautious optimism, encouraged by the continued growth of the Philippine economy.
SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well.
Consistent demand sustained household spending in the third quarter, with Household Final Consumption Expenditure posting a year-on-year growth of 5.1%, maintaining the same level in the same quarter last year, data from the Philippine Statistics Authority showed.
“Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands,” Mr. DyBuncio said.
To cater to growing demand, SM continues to expand into more underserved areas, contributing to sustainable economic development and collaborating with government stakeholders to enhance access to modern retail, financial services, and integrated property developments.
“By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities,” he said.
Mr. DyBuncio also said SM continues to invest in promising ventures such as renewable energy and logistics, that foster economic activity.
SM has invested in the clean energy industry through Philippine Geothermal Production Company (PGPC) which produces 300 Megawatts of geothermal steam supply. SM aims to continue to develop geothermal concessions through PGPC in support of the Department of Energy’s goal of reaching 50% renewable energy supply by 2040.
To encourage circularity towards green energy production, SM’s property arm, SM Prime Holdings partnered with GUUN Co. Ltd. (GUUN) to implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel.
SM’s banking arm, BDO Unibank is one of the largest funders of renewable energy projects. BDO has funded PHP898 billion in sustainable finance, including loans to 59 renewable energy projects as of December 2023.
In logistics and tourism, the improvement of transport networks across the country’s archipelago connects tourist and industrial areas that will help create inclusive growth. SM though its subsidiary 2GO launched MV Masigla and MV Masikap in 2024 to help better connect goods to 19 ports across the country including Iloilo, Bacolod, Cagayan de Oro and Manila, further supporting the government’s push for medium term growth through an upgraded tourism infrastructure and ecosystem.
“Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future,” Mr. DyBuncio said.
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View original content:https://www.prnewswire.co.uk/news-releases/sm-approaches-2025-with-cautious-optimism-302339452.html
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