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Chubb’s Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods

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Across the globe, 61% have changed their behavior or reduced use of digital payment platforms due to cyber scam concerns. 75% say transaction insurance would boost their trust, increasing adoption.

NEW YORK, Sept. 30, 2024 /PRNewswire/ — Chubb, a world leader in insurance, today released the results of its new global survey, “The Impact of Cyber Scams on Trust in Digital Payments,” revealing the growing impact of cyber fraud on consumers, the misconceptions regarding cyber protections, and the significant changes in consumer purchasing behavior driven by escalating worries over cyber breaches.

Digital payments have become part of our daily lives and are increasingly crucial to fostering financially inclusive economies. Chubb’s survey findings define the pivotal role insurance plays in building trust and helping to enable the growth of the digital payments ecosystem.

According to the survey conducted in the U.S., Mexico, Brazil, Indonesia, Singapore, the Philippines, Thailand, and Vietnam – nearly half (46%) of respondents mistakenly believe their payments are protected. This false sense of security is compounded by the fact that 61% of participants have changed their behavior or reduced their use of payment platforms due to fears about cyber scams.

Waning trust threatens exponential growth

All survey respondents have made a digital payment in the last year, and 63% have been a cyber scam victim or know someone who has been. The impact of this fraud extends beyond financial losses, eroding trust in payment platforms, hindering adoption.

“The future of digital payments is bright, and insurance will help play a crucial role in shaping its trajectory,” said Sean Ringsted, Chubb’s Chief Digital Business Officer. “At Chubb, we are committed to developing innovative insurance solutions that address the changing risks faced by individuals and businesses in the digital era. By fostering a mindset focused on awareness, vigilance and protection, we can ensure that the benefits of digital payments are accessible to all while mitigating the associated risks.”

Respondents were asked about nine different types of scams. They are most troubled by phishing/vishing and impersonation scams, as well as fake product or service purchases. Some 61% of respondents have changed their behavior or reduced use of certain digital payment platforms over concerns.

Key findings from Chubb’s Global Payments and Cyber Scams survey include:

Certain demographic and geographic survey audience segments report higher rates of being a victim of cyber scams

Women in Asia (33%).Younger people in the US (33%) and Asia (34%).At the market level, women in Thailand (39%), Philippines (38%), Indonesia (36%), and Brazil (32%).

Threats of being hacked looms large

53% voiced worry about their account being hacked.48% were troubled about a potential data breach.46% cited the possibility of being scammed as a barrier to trust.37% indicated unease at their ability to recover their money, if scammed.

Trust levels vary amongst the respondent audience

69% of women (vs. 65% of total respondents) completely trust digital payment technologies.68% of younger users (18-34 years old) do not completely trust these technologies.96% of those who make international transfers and 94% who make transfers weekly either somewhat, or completely trust digital technologies (vs. 91% globally) even though they are more susceptible to cyber scams.

Payment providers have an opportunity to close a trust gap

32% of respondents don’t trust the security of digital payment technologies.36% don’t trust their customer support.29% don’t trust platforms to protect their confidentiality.

Insurance could promote greater trust and adoption of digital payments

75% of respondents say transaction insurance would boost their trust.Impact of insurance is highest among consumers in Latin America – 84% would fully trust or trust payment technology much more if they had personal cyber-scam insurance, and 82% for payment protection insurance.Many respondents also see AI as a way to enhance security.

Methodology

Findings are based on a survey of 2,600 individuals in the U.S., Mexico, Brazil, Thailand, Singapore, Vietnam, Indonesia and the Philippines that explored the impact of cyberscams on levels of trust in digital payment technology. The survey was conducted by Opinium on behalf of Chubb in June 2024. The respondents were adults who had made digital money transfers through traditional banking apps / Fin Techs / Neo banks, or digital wire transfers in the last 12 months. The margin of error for the survey was +/- 2%.

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume, and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris, and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.

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SOURCE Chubb

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MSD in Strategic collaboration with Briya for Innovative RWE data analysis projects

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59 mins ago

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September 30, 2024

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TEL AVIV, Israel, Sept. 30, 2024 /PRNewswire/ — MSD, a leading multinational pharmaceutical company successfully completes a first-of-its-kind strategic collaboration with Briya, a medical data retrieval network. This groundbreaking partnership enabled innovative data analysis projects on three critical disease areas MSD plays a part in. Leveraging Briya’s advanced data platform, the partnership facilitated comprehensive data access for these important data analysis projects.

By utilizing Briya’s cutting-edge technology, MSD was able to access, standardize, and analyze real-world and accurate data from diverse sources in real time. This enabled the project to provide a more accurate and holistic view of the patient journey.

“We are happy to have partnered with Briya on this important initiative.” said Udi Cohen, MSD Israel Commercial Operations Director. “Briya’s data curation techniques shed new light on analyzing clinical data, including free text and medical notes, to generate insights about patients. I believe this will allow meaningful clinical insights to be obtained in the future.”

Briya’s platform ensured that all data was handled with the highest standards of security and privacy, complying with regulatory requirements and safeguarding patient information. This collaboration not only exemplifies the power of data in driving medical research but also underscores the importance of strategic partnerships in addressing healthcare challenges.

“Our collaboration with MSD marks a significant milestone in our mission to support innovative research through our robust data solutions,” said David Lazerson, CEO and Co-founder of Briya. “We are proud to have enabled this RWE project and look forward to continuing to work together to improve patient care and outcomes.”

This collaboration demonstrates that combining advanced data capabilities with pharmaceutical expertise can drive impactful healthcare outcomes. MSD and Briya are committed to ongoing innovation and partnership to further the advancement of medical science and improve patient lives.

About MSD:

MSD is a global healthcare leader working to help the world be well. From developing new therapies that treat and prevent disease to helping people in need, we are committed to improving health and well-being around the world. For more information, visit https://www.msd.com/.

About Briya:

Briya‘s global healthcare data network taps into the potential of patient-level data, fostering seamless collaboration between hospitals, clinics, health systems, researchers, and life sciences organizations worldwide while upholding regulations. Through this comprehensive solution, data sharing is securely facilitated in real-time, enabling standardization and harmonization of longitudinal data from diverse sources and systems with extreme ease. By leveraging Briya’s expansive network, organizations establish themselves as pioneers in research and innovation, enhance visibility within their sectors, and open up new avenues for revenue generation visit www.briya.com.

Contact Details:
Mor Pecht
mor.pecht@briya.com 

Photo – https://mma.prnewswire.com/media/2518699/MSD_and_Briya.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/msd-in-strategic-collaboration-with-briya-for-innovative-rwe-data-analysis-projects-302262246.html

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Cheerble Unveils Innovative Interactive Pet Toys, Transforming Playtime with Smart Features

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59 mins ago

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September 30, 2024

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HONG KONG, Sept. 30, 2024 /PRNewswire/ — Cheerble, a leading global smart pet tech brand, which is dedicated to enhancing the quality of life for pets around the world. It strengthens the bond between pets and their owners through thoughtful design and sustainable practices, and has now launched its latest innovation —— Wicked Ball Air & Wicked Ball M3.

In today’s fast-paced world, many pet owners are unable to spend quality time with their pets due to the pressures of work and life, leading to feelings of loneliness and anxiety in their furry companions. To address this issue, Cheerble has introduced the new Wicked Ball Air and M3 smart pet toys, which revolutionize playtime with intelligent features that engage your pet in interactive play, stimulate their curiosity and intellect. Fun activities not only strengthen the bond between you and your pet but also encourage more activity for both of you. Key features encompass:

Wicked Ball Air: Bounce into Smart Play

Wicked Ball Air is made from durable, eco-friendly E-TPU materials and features smart play modes that keep your dog perfectly engaged, entertained, and active all day long.

3 Smart Modes for Engaging Play: Elevate your pet’s playtime with three dynamic modes that adapt to various play styles and preferences, ensuring engaging and varied entertainment.Durable E-TPU Material: Made of advanced E-TPU, it is FDA and RoHS certified for durability. It is stronger, lighter, bouncier than other dog balls.Eco-Friendly and 100% Pet-safe: Crafted from high-quality E-TPU, it’s safe, non-toxic, and durable, featuring a soft texture that gently protects your dog’s teeth.The Lightest Interactive Dog Ball: Weighing just 130 grams，lighter than an apple，this interactive dog ball is designed for easy fetching and maximum durability, ensuring endless fun.Less Noise for a Peaceful Playtime: With a low-noise design, the Wicked Ball Air ensures quieter playtime, allowing for quiet and peaceful interaction with your furry friend.Interchangeable Outer Shell: Extend the life of your pet toy with a replaceable outer shell, ensuring durability and long-lasting play.

Wicked Ball M3: Embrace Smart Pounce

Wicked Ball M3 offers an extended, engaging play experience with smart designs for multiple play scenarios, making it just as fun for your cat on carpets as it is on other surfaces, stimulating their natural instincts while keeping them entertained and active all day long.

Interactive Smart Modes: with its upgraded algorithm, offers 3 interactive modes tailored to different cat preferences and includes automatic obstacle avoidance for seamless play.Suitable for Multi-Scenario Play: Advanced algorithms ensure a seamless gaming experience on a variety of surfaces, whether it’s hard floors, low-pile carpeting, or thick rugs, to ensure play anywhere, anytime.Find & Low Battery Alerts: Keep track of your pet’s playtime with a sound alert feature that ensures you can easily locate the ball and keeps your pet’s playtime uninterrupted.Paw-friendly Material: Wicked Ball M3 is made of high-quality synthetic fibers, which are soft to the touch, gentle on paws, and quiet during play.Long-lasting Battery Life: the Wicked Ball M3 offers super long playtime, ensuring up to 4.5 hours of non-stop entertainment for your pet.Extra Bell For Extra Fun: Enhance your cat’s play experience with the attachable bell feature, adding an engaging sound that amplifies the joy of playtime.

Price and Availability：

The Wicked Ball Air and Wicked Ball M3 will be available on Amazon and on our official website starting from October 8th.

Wicked Ball Air MSRP: $44.99, Launch Price: $39.99. The pre-order sale will run from September 30th to October 7th, with a pre-order discount price at $37.99 only on the official website.

Wicked Ball Air Shell MSRP: $12.99, Launch Price: $12.99.

Wicked Ball M3 MSRP: $34.99, Launch Price: $29.99. The pre-order sale will run from September 30th to October 7th, with a pre-order discount price at $27.99 only on the official website.

Purchase link: https://store.cheerble.com/AMPress-Release

About Cheerble:

Since 2016, Cheerble has been at the forefront of the pet industry, with an unwavering commitment to quality and a deep understanding of pet needs, Cheerble has earned the trust and affection of millions of customers globally. As a leading smart pet toy brand on Amazon, Cheerble’s products have received widespread acclaim in over 70 countries.

Images and more information can be found in the media kit.

Contact Information：

Email:press@cheerble.com
Instagram:https://www.instagram.com/cheerble.official/
Facebook:https://www.facebook.com/CheerbleBrand
Official website:https://www.cheerble.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/cheerble-unveils-innovative-interactive-pet-toys-transforming-playtime-with-smart-features-302262353.html

SOURCE Cheerble

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Unwind in Your Home Sanctuary with Toshiba TV

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59 mins ago

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September 30, 2024

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CAPE TOWN, South Africa, Sept. 30, 2024 /PRNewswire/ — In honor of the Mental Health Day on October 10, Toshiba TV presents a series of next-gen televisions designed to transform any living space into a serene oasis of calm and relaxation. The top visual and audio features of Toshiba TV models X9900, Z870, and Z670 elevate every viewing experience, creating a peaceful home sanctuary from the stresses of daily life.

Craft a Peace of Mind at Home with Toshiba TV

Transform your home into a sanctuary and craft your peace of mind with the Toshiba’s Z870 TV. Imagine walking to the soft glow of your living room, while your Toshiba TV streams a calming orchestra playlist to set a peaceful tone. As you settle into your cozy chair, the music enhanced by REGZA 2.1.2 Surround Sound and Dolby Atmos system envelops you, making it feel like you’re surrounded by your favourite musicians.

For those seeking a more enchanting audio experience, the Toshiba X9900 is equipped by powerful REGZA Power Audio Extreme, combining the “ZR 5.1.2 surround”and “Tru Bass Processor” technology,  that deliver truly cinematic sounds, ideal for transforming your living room into a home theater. Whether you’re working on a morning workout or enjoying a nighttime unwind, Toshiba TV’s smart capabilities allow you to seamlessly navigate content, where you can enjoy the melodious performance of your favorite notes.

Gateway to Mental Wellness Programs

Toshiba TV’s go beyond just providing a relaxing viewing experience—they also serve as gateways to a world of mental health resources. With built-in smart capabilities and seamless integration with platforms, you can easily access a vast library of guided meditations, nature documentaries, and other wellness-focused programs. This global streaming capability of Toshiba TV series not only enhances your viewing experience but also elevates your path to mental wellness, creating a peaceful sanctuary in your home.

Embrace a Nature Escape through Immersive Home Entertainment

Join us for an escape with the Toshiba Z670, designed to enhance your relaxation or meditation experience. With its stunning 4K picture quality, the Z670 beautifully displays tranquil nature scenes or guided meditation videos, allowing you to immerse yourself fully in the moment. The advanced LED backlighting ensures that every detail is vibrant yet soothing. As you breathe deeply and focus on your inner peace, the Dolby Atmos audio plays soothing sounds like gentle sea breezes, birds chirping, or the rustle of leaves, enhancing your mindfulness practice.

Toshiba is committed to enhancing the lives of consumers by providing technology that prioritizes well-being. Join us in celebrating Mental Health Day with the home entertainment experience that nurtures tranquillity and relaxation.

For more information please visit: @Toshiba TV Global

About Toshiba TV:

With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.

Photo – https://mma.prnewswire.com/media/2516399/image_5030810_28037558.jpg
Logo – https://mma.prnewswire.com/media/2382469/Toshiba_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/unwind-in-your-home-sanctuary-with-toshiba-tv-302262356.html

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