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Nearly one in four Australian businesses have experienced a deepfake information security incident in the last year, ISMS.online report finds

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Nearly a quarter of Australian businesses have experienced a deepfake security incident in the past year, research by ISMS.online, the auditor-approved compliance platform, has found. 24% of organisations experienced a deepfake incident in the last 12 months.

LONDON, June 30, 2024 /PRNewswire-PRWeb/ — Nearly a quarter of Australian businesses have experienced a deepfake security incident in the past year, research by ISMS.online, the auditor-approved compliance platform, has found. 24% of organisations experienced a deepfake incident in the last 12 months.

“To see nearly a quarter of businesses already impacted by deepfake attacks is worrying. These findings, alongside the vulnerabilities associated with third-party suppliers, show that businesses must ensure they have a strong information security posture.”

AI-powered technology is relatively new compared to threats like social engineering and malware, but deepfakes are already among the top information security incidents impacting businesses. Sophisticated deepfake technology now allows threat actors to facilitate business email compromise (BEC) style attacks – many attacks mimic the voice and image of senior leaders to trick targets into transferring funds.

The ISMS.online State of Information Security Australia snapshot surveyed 506 information security leaders across ten sectors, including finance, technology, healthcare, manufacturing, education, and energy.

The research comes as the Government aims to position the country as a global leader in cybersecurity with the Australian Cybersecurity Action Strategy. However, as 75% of organisations state they’ve been impacted by an incident caused by a supply chain partner, and partner data (39%) is cited as the most compromised in the past 12 months, businesses must be vigilant.

As a result, two-thirds (66%) plan to increase their spending on securing supply chain and third-party vendor connections in the coming 12 months, and the majority (79%) expect to increase their overall information security spending. Training and awareness are also critical focus points for businesses as cyber-attacks become more sophisticated: nearly half (46%) have adopted a greater emphasis on employee education and awareness in the last 12 months.

Despite training and awareness initiatives, over a third (36%) admit that employees use personal devices (BYOD) without proper security measures, leaving businesses more vulnerable to targeted cyber attacks like deepfakes.

Michelle McCarthy, Head of Asia Pacific at ISMS.online, said: “To see nearly a quarter of businesses already impacted by deepfake attacks is worrying. These findings, alongside the vulnerabilities associated with third-party suppliers, show that businesses must ensure they have a strong information security posture. It’s promising that the majority are planning further financial investment into their information security and supplier management.”

While AI-powered deepfakes present a growing risk to businesses, more than four-fifths (84%) say the technology is improving information security, and 69% expect to increase their spending on AI and ML security applications.

“AI and deepfake technologies have evolved rapidly and continue to do so at pace. As businesses consider implementing AI tools in their information security operations, they must align with the global regulations that will undoubtedly come into force over time. Standards like ISO 42001, which encompasses AI use, will help organisations show their ethical, compliant approach to AI to their customers, regulatory bodies and partners.”

Media Contact

Rebecca Harper, ISMS.online, 44 1273 704400, rebecca.harper@isms.online, ISMS.online

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SOURCE ISMS.online

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Potoo Solutions Introduces Jennifer Elmashni to Serve as President

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NORWALK, Conn., Jan. 31, 2025 /PRNewswire/ — Potoo Solutions, the in-class leader of e-commerce brand protection and data delivery services, announced today the hiring of Jennifer Elmashni in the newly created position of President. To be formally introduced February 3rd, Elmashni will be tasked with stewardship in navigating Potoo Solutions (www.potoosolutions.com) through the next phase of their growth and beyond.

“Tapping Jennifer Elmashni as our new President represents a new milestone in Potoo’s decade-long history…”

Accompanying the technological innovations advancing Potoo’s core product, Talon, Elmashni joins the organization with a wealth of knowledge in the eCommerce space. Uniquely, she has excelled in both agency and brand-side responsibilities. After graduating with a B.A. from UCLA and obtaining her master’s degree at Columbia University, she began her career at IBM, Booz & Company, and Walmart.com respectively, before earning executive leadership roles at Johnson & Johnson, and most recently, BiC International. Importantly, Elmashni will be poised to lead from the direct experience of also having been a Potoo Solutions client.

Potoo Solutions CEO, Fred Dimyan exults, “Tapping Jennifer Elmashni as our new President represents a new milestone in Potoo’s decade-long history, one sure to unlock our full potential in continuing to deliver the absolute best service for our clients.”

About Potoo Solutions:

Potoo Solutions is a trusted partner of over 550 brands, delivering actionable analytics with concierge service. Potoo Solutions was honored as the INC 500’s fastest growing company in Connecticut in 2019, number 34 on The Financial Times America’s fastest growing companies in 2020, and by Marcum’s Tech Top 40 for three consecutive years. Potoo Solutions was founded in 2014 and is the leading provider of marketplace brand protection, price tracking, and gray market seller mitigation.      

Contact for Media Inquiries:

Jason Tufeldjason.tufeld@potoosolutions.com

Eliza Petersoneliza.peterson@potoosolutions.com

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SOURCE Potoo Solutions

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Autozi Internet Technology (Global) Ltd. Announces the Execution of Securities Purchase Agreement

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BEIJING, Jan. 31, 2025 /PRNewswire/ — Autozi Internet Technology (Global) Ltd. (“Autozi” or the “Company”) (NASDAQ: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that it entered into a definitive Securities Purchase Agreement (the “Agreement”) with an institutional investor (the “Buyer”) on January 27, 2025, pursuant to which the Company issued to the Buyer a senior unsecured convertible note (the “Initial Note”) and warrant to purchase additional senior unsecured convertible notes (the “Warrants” and together with the Initial Note, the “Notes”). The closing of the transaction contemplated by the Agreement occurred on January 27, 2025 (the “Closing Date”). The transaction will result in gross proceeds to the Company of $27.5 million. Proceeds from the transaction will enhance Autozi’s financial flexibility to support its strategic growth initiatives and expand operational capacity.

Dr. Houqi Zhang, Founder, Chairman, and Chief Executive Officer of Autozi, commented. “This financing represents a significant milestone for Autozi as we strengthen our foundation for sustainable growth and innovation. The capital raised will enable us to execute on three strategic priorities. First, we will actively pursue targeted mergers and acquisitions within China’s auto parts supply chain to achieve end-to-end coverage, enhancing our competitive edge and efficiency. Second, we are committed to building a cross-border supply chain platform, which will serve as the cornerstone for our global expansion and overseas market penetration. Third, we will further increase investment in R&D to advance our digital and intelligent platforms ensuring our technology remains at the forefront of industry trends. These initiatives reflect our vision to lead the automotive services sector through innovation, scale, and global reach, ultimately delivering sustainable value for our shareholders and partners.”

Under the Agreement, the Company will issue an additional Note in the principal amount of $500,000 on the effectiveness date of the registration statement registering the Class A ordinary shares of the Company (the “Ordinary Shares”) underlying the Notes. The Warrants are exercisable for additional Notes in an aggregate principal amount of up to $24,000,000 every 90 days following the Closing Date. The Notes are convertible into the Company’s Ordinary Shares at a conversion price determined based on the closing sale price of the Company’s Ordinary Shares at the time of conversion, subject to adjustment as provided in the Notes.

The Notes and Warrants were offered pursuant to exemptions from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D. The Notes, Warrants, and underlying Ordinary Shares have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption. In connection with the transaction, the Company entered into a registration rights agreement, pursuant to which it has agreed to file a registration statement with the U.S. Securities and Exchange Commission (“SEC”) to register the resale of the Ordinary Shares issuable upon conversion of the Notes. The Company plans to file a Report of Foreign Private Issuer on Form 6-K with the SEC, which will include details of the Agreement, Notes, Warrants, and the Registration Rights Agreement.

Pryor Cashman LLP acted as legal counsel to the Buyer, and Sichenzia Ross Ference Carmel LLP served as U.S. legal counsel to the Company.

About Autozi Internet Technology (Global) Ltd.
Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.

Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements speak only as of the date of this announcement, and the Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, as actual results may be impacted by a variety of factors, including without limitation, changes in macroeconomic conditions, industry dynamics, competitive landscape, regulatory requirements, the Company’s ability to successfully implement its growth strategies and effectively manage costs and operations, and unforeseen business challenges. The Company encourages investors to review other factors that may affect its future results in the Company’s registration statement, periodic reports, including its Annual Report on Form 20-F and Current Report on Form 6-K, and in its other filings with the SEC.

Contact Information
The Blueshirt Group
Jack Wang
Email: Jack@blueshirtgroup.co

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SOURCE Autozi Internet Technology (Global) Ltd.

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Sarah Moloney Joins MikeWorldWide London as Managing Director

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LONDON, Jan. 31, 2025 /PRNewswire/ — MikeWorldWide, one of the world’s leading independent public relations agencies has announced the appointment of Sarah Moloney as managing director of its UK and European operations. Moloney has over 20 years’ experience in growing and running PR agencies, most latterly as UK MD and EVP at KWT Global, where she transformed the agency into a high-performing integrated brand communications business within the EMEA Stagwell Group, servicing some of the world’s largest B2B and consumer brands.

Tom Berry, the previous UK managing director of MikeWorldWide, becomes chair of the London office. He will provide counsel for Moloney, as well as provide strategic consultancy for a roster of clients at the agency worldwide.

“In the era of mega-mergers, Sarah is the ideal person to guide clients and our people with the necessary agility, strength, and bespoke marketing solutions required to compete in a rapidly evolving landscape,” said Michael Kempner, founder and CEO of MikeWorldWide. “As an earned first, yet fully integrated leader, she has the grit, experience, and vision to help accelerate the growth of MikeWorldWide as one of the leading mid-size agencies in the UK.”

Moloney’s strategy is to build on the agency’s high calibre client roster, helping enhance brand reputation and relevancy through impactful communications, as well as driving further growth for the UK business. She will also oversee the market integration of the agency’s innovative tech stack, which includes a series of sophisticated AI tools that offer clients greater precision and predictability.

“MikeWorldWide is an innovative and forward-thinking communications agency that offers its clients and prospects modern, integrated and intelligent thinking,” said Moloney. “I feel privileged to join a business that has a strong vision, great people and huge ambition. I look forward to working with Michael, Tom and the wider team in continuing to build an agency that has reputation and impact at its heart.” 

MikeWorldWide’s UK B2B and consumer clients include: The Sunday Times, TeamViewer, Sky Media, StubHub International, Ivanti and The Employers’ Network for Equality and Inclusion.

About MikeWorldWide

MikeWorldWide is a leading independent, integrated public relations agency serving global clients across the US & Europe. It employs more than 225 communications experts that live at the intersection of consumer brand marketing, technology, and corporate reputation. The award-winning firm applies its expertise and culture of caring through research, strategy, creativity, empathy, and insight for clients to maximize the potential of every marketing channel. It delivers breakthrough communications for the global enterprises, corporate leaders, and innovative brands who are driving the creative economy.

To learn more about MikeWorldWide, visit mww.com

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