Tag Archives: Machine Learning

Vericon Systems launches “innovative” EmeRed device for automating emergency lighting tests

Vericon Systems – the provider of innovative building management systems and technologies – has launched EmeRed, an intelligent device that automates the process of testing emergency lighting to ensure such lighting is working when needed and help facilities managers comply with relevant Health and Safety legislation.

The intelligent device, which can be easily retrofitted, re-imagines how new technology can be created to improve safety, ensure compliance and reduce costs. EmeRed monitors the performance of every light and automatically transmits the results to a dedicated portal that can be accessed online via the cloud. This gives facilities managers, estate managers and property owners complete visibility of the status of individual lights in a single building, as well as performance trends across an entire portfolio.

EmeRed reports a range of different factors to ensure lighting is always on the top line, such as battery degradation and energy consumption. It also measures the life outstanding in each battery to ensure they’re replaced before an emergency occurs and automatically reports any potential failures or problems.

VericonSystemsEmeRed

Bernard Cook, managing director of Vericon Systems, said: “The industry has been too slow to adapt to new technology and new thinking. Testing emergency lighting equipment is an important responsibility, but manual testing is often a time-consuming and therefore costly job. Using EmeRed’s smart technologies and machine learning to automate emergency lighting testing can save building and facilities managers valuable time and money, especially so in comparison to manual testing. It guarantees 100% compliance and enables real-time information to be viewed or downloaded remotely.”

EmeRed’s small, wireless design makes it extremely quick and easy to install. Once installed, the device takes just a few minutes to configure to ensure life safety systems are fully compliant. EmeRed can also be connected and integrated with other Vericon Systems products and solutions that support an entire building ecosystem.

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BAE Systems launches “major update” to NetReveal platform for financial institutions

The latest version of BAE Systems’ NetReveal platform combines the best of advanced analytics and human expertise to enable financial institutions to effectively combat financial crime and fraud in an environment of rapidly evolving regulatory requirements and changing financial crime patterns.

Faced with increasing transactions, evolving regulations, a growing number of payment channels, customer friction, investigation challenges and strengthening privacy regimes, financial crime and fraud investigators are under pressure to make more confident and intelligence-led decisions and do so at an unprecedented pace.

Built on modernised modular technology, NetReveal addresses these challenges by working smarter and faster and supporting an intelligence-led approach:

Smarter: Profiling and detection against transactional data that commonly takes hours to process is now processed within 30 minutes (on average)

Faster: Advanced analytics with machine learning techniques improve operational performance by driving fewer false positives. Integrated Robotic Process Automation (RPA) means that routine tasks are automated, enabling investigators to focus more on high value strategic investigative work. The Real-Time Detection Engine helps institutions to keep pace with sophisticated criminals across growing digital channels

Intelligence-Led: Entity-based investigations deliver efficiency improvements of 20-30% on average by streamlining multiple detections into a single combined alert dashboard. Interactive lists also provide actionable information to adjudicate alerts effectively

BAESystems

Culmination of major investment

Rob Harrison, head of product and solutions for the financial services sector at BAE Systems Applied Intelligence, said: “This release is the culmination of major investment and engineering development of our financial crime platform and suite of solutions. We’ve focused on providing compliance and fraud teams with the latest advanced analytics, technology advancements and productivity improvements.”

Harrison added: “The latest version of NetReveal combines the best of human expertise and advanced analytics which we believe puts financial institutions in the strongest position possible to address the major market challenges of today, namely regulatory complexity and change, evolving fraud patterns, productivity and efficiency pressures and new risk management approaches.”

Julie Conroy, research director for the Aite Group’s Retail Banking practice, commented: “The use of RPA to improve financial crime operations significantly increases accuracy, reduces operational costs and enhances productivity. Given the growing data challenge, having the ability to advance investigator efficiency by reducing repetitive manual tasks, human error and, by extension, the number of false positives ultimately frees up time to focus on more strategic tasks.”

NetReveal is a single integrated platform for money laundering compliance and fraud prevention, enabling financial institutions to benefit from lower total cost of ownership across their compliance and fraud teams thanks to a single solution.

A comprehensive range of compliance and counter-fraud solutions can be deployed either individually or collectively.

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KnowBe4 study reveals 92% of organisations’ biggest security concern is end users

KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, has released the results of new research. The company’s report examines over 350 organisations globally and reveals the security weaknesses and concerns within them. On average, 81% of organisations had some degree of concern around security issues.

Cyber crime continues to evolve and become more sophisticated. Artificial Intelligence and machine learning are leveraged by many criminal organisations to help them better understand how to improve their attacks and they’re now targeting specific industry verticals, organisations and even individuals.

Increases in the frequency of ransomware, phishing and crypto-jacking attacks have been experienced by businesses of nearly every size, vertical and location.

KnowBe4

When it comes to attack vectors, data breaches are the primary concern, with credential compromise coming a close second. These two issues go hand-in-hand as the misuse of credentials remains the foremost attack tactic in data breaches. That’s according to Verizon’s 2018 Data Breach Investigations Report.

Phishing and ransomware ranked next, demonstrating that organisations are still not completely prepared to defend themselves against these relatively “old” attack vectors.

Other key findings

*92% of organisations rank end users as their primary security concern. At the same time, security awareness training along with phishing testing tops the list of security initiatives that organisations need to implement

*Organisations today have a large number of attack vectors to prevent, monitor for, detect, alert and remediate. In terms of attacks, 95% of those organisations surveyed are most concerned with data breaches

*Ensuring security is in place to meet General Data Protection Regulation (GDPR) requirements is still a challenge for 64% of organisations, despite the GDPR’s fine details having been public knowledge for quite some time

*Attackers’ use of compromised credentials is such a common tactic. 93% of organisations are aware of the problem, but still have lots of work to do to stop it

*When it comes to resources, 75% of organisations don’t have an adequate budget

“2018 was a prolific year for successful cyber attacks, with many of them caused by human error,” said Stu Sjouwerman, CEO of KnowBe4. “IT organisations are tasked with establishing and maintaining a layered security defence. The largest concern, as demonstrated again in this report, is employees making errors. Organisations must start their defence by establishing a security culture. In order to combat the escalation of social engineering, they absolutely have to ensure that users are trained and tested.”

To read the full report visit www.KnowBe4.com

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