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Mobility Unicorn inDrive Achieves 1377% ROI & Accelerates Profitability with SHIELD’s Device-First Fraud Intelligence

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A new Total Economic Impact study shows that SHIELD’s Device Intelligence has helped eliminate fraud and accelerate profitability, generating $104.6 million in benefits over three years for global mobility company inDrive

SAN FRANCISCO, Oct. 2, 2024 /PRNewswire/ — SHIELD, the device-first fraud intelligence platform, releases its commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting, quantifying the potential return on investment for companies who invest in SHIELD’s Device Intelligence solution. The study evaluates investment value based on cost, benefits, flexibility, and risk, and found a substantial 1377% return on investment (ROI) for global mobility platform inDrive.

The Forrester study concludes that using SHIELD enabled the ride-hailing and urban services platform to generate benefits of $104.6 million across three years, with a payback period of less than six months and a net present value of $97.5 million across 63 geographical markets. SHIELD’s solution does not require the collection of personal data and is strictly compliant with global data protection regulations.

The study lists several key benefits of implementing SHIELD’s Device Intelligence, including:

$57.9 Million in fraud losses avoided. SHIELD’s technology enabled inDrive to prevent fraud such as driver-passenger collusion, ride monopolization, and ride-matching engine manipulation.$45.4 million saved by reducing resources needed for fraud prevention. With the ability to initiate proactive intervention against fraud, inDrive reduced the need to dedicate additional FTE resources by 92-94%, freeing up resources to expand into new markets while staying ahead of emerging threats.Accelerated market expansion and new product launches. The inDrive team noted that better fraud detection increased inDrive’s confidence in entering high-risk markets, so they could scale and grow revenues more quickly. They could also fearlessly launch new features such as diversified payment methods, improving overall service quality.Building trust in the inDrive ecosystem. Preventing fraud in real-time means that inDrive’s customers can rely on the platform for safe, transparent, and fair rides, while their drivers benefit from a system that allocates jobs more fairly.

“Our work with SHIELD has been instrumental in our fight against injustice. We’ve channeled the savings from fraud prevention into growth and innovation, passing the benefits on to our users. This has fast-tracked our path to profitability, enabling us to do more for our communities,” said Arsen Tomsky, Founder & CEO of inDrive.

The Forrester Consulting Total Economic Impact™ study was created through interviews with inDrive representatives and analyzing financial data. You can read it in full, here.

Before using SHIELD’s Device Intelligence, inDrive tested an internally built tool to combat fraud. However, this yielded limited success as malicious users can change common identifiers such as usernames, phone numbers, and more. Hence inDrive’s decision to partner with SHIELD.

SHIELD’s platform persistently identifies every physical device on a platform with the SHIELD Device ID, eliminating fraud at the root – the devices used to create and control fake accounts. This capability combined with real-time actionable fraud signals enables businesses to detect when a good user turns bad and mitigate malicious tools such as app cloners, emulators, and GPS spoofers without requiring personally identifiable information (PII).

“These study results and our lasting collaboration with inDrive showcase what our partners already know with SHIELD – that our device-first fraud intelligence platform slashes cost, time, and other resource burdens of fraud on global businesses while enhancing fairness and fostering trust. This combination drives substantial ROI and accelerates sustainable growth,” added Justin Lie, Founder & CEO of SHIELD.

To learn more about how SHIELD’s device-first fraud intelligence platform can drive profitability for your organization, contact us at shield.com.

About SHIELD

SHIELD is a device-first fraud intelligence platform that helps digital businesses worldwide eliminate fake accounts and stop all fraudulent activity.

Powered by SHIELD AI, we identify the root of fraud with the global standard for device identification (SHIELD Device ID) and actionable fraud intelligence, empowering businesses to stay ahead of new and unknown fraud threats.

We are trusted by global unicorns like inDrive, Alibaba, Swiggy, Meesho, TrueMoney, and more. With offices in San Francisco, London, Berlin, Jakarta, Bengaluru, Beijing, and Singapore, we are rapidly achieving our mission – eliminating unfairness to enable trust for the world.

For more information, visit shield.com

About inDrive

inDrive is a global mobility and urban services platform. The inDrive app has been downloaded over 240 million times and was the second most downloaded mobility app in 2022 and 2023. In addition to ride-hailing, inDrive provides an expanding list of urban services, including intercity transportation, freight delivery, task assistance and courier delivery. In 2023, inDrive launched New Ventures, a venture and M&A arm.

inDrive operates in 750 cities in 46 countries. Driven by its mission of challenging social injustice, the company is committed to having a positive impact on the lives of one billion people by 2030. It pursues this goal both through its core business, which supports local communities via a fair pricing model; and through the work of inVision, its non-profit arm. inVision’s community empowerment programs help to advance education, sports, arts and sciences, gender equality and other vital initiatives.

For more information visit www.inDrive.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/mobility-unicorn-indrive-achieves-1377-roi–accelerates-profitability-with-shields-device-first-fraud-intelligence-302259686.html

SOURCE SHIELD

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RDK and MediaTek Unveil New Hardware Reference Platform for Wi-Fi 7 Broadband CPE

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New reference board to enable operators, CPE manufacturers, and app developers to easily and rapidly test and launch next-gen RDK-B routers, gateways, and applications

MediaTek collaborates with RDK to create new broadband reference board based on Banana Pi open-source hardware project

PARIS, Oct. 3, 2024 /PRNewswire/ — In advance of the annual NetworkX conference, RDK Management and MediaTek unveiled a new RDK-B hardware reference platform designed to enable broadband operators, CPE manufacturers, and app developers to rapidly test and launch new Wi-Fi 7 RDK-B routers and gateways. By combining open-source hardware powered by MediaTek with RDK’s open-source software, companies now have an easy-to-use platform to accelerate their RDK-B development and deployment efforts.

RDK is an open-source software solution deployed on more than 100 million devices that standardizes core functions used in broadband and video devices. For broadband specifically, RDK-B provides core functionalities including device management, telemetry, Wi-Fi services, Ethernet access, IPv6 transitioning and more that work across all major network access technologies including DOCSIS, GPON, DSL, and Fixed Wireless Access (FWA). By packaging and open sourcing these functions in a single standard software stack, service providers can develop, deploy, and manage a consistent set of broadband services across SoCs and OEMs for use across their networks and geographic footprints.

“This new open reference hardware, powered by MediaTek, gives the RDK community a powerful new tool to innovate with next-gen broadband applications and services atop of RDK-B,” said Jason Briggs, President and General Manager of RDK. “By leveraging both open-source software and open-source hardware, companies can accelerate their RDK development and deployment initiatives in an easier and more frictionless way. MediaTek is recognized for delivering cost-effective and high-quality SoC solutions, and we’re very grateful for their efforts to bring this compelling new RDK-B reference board to the RDK community.”

“As a global leader in wireless connectivity, MediaTek’s collaboration with RDK Management underscores our commitment to driving Wi-Fi 7 technology to more markets like the open-source community,” said Alan Hsu, Corporate Vice President, Intelligent Connectivity Business Unit at MediaTek. “We strive to provide the fastest, most reliable and always-on Wi-Fi performance, which is ideal for the MediaTek Filogic 880 tri-band platform as the chosen solution on the Banana Pi-R4 Wi-Fi 7 router reference design. This will not only enable us to reach a broader developer base in the open-source community, but it will also allow easy access for operators, manufacturers and developers who seek to adopt open-source software with the latest connectivity features.”

Technical Specs

The new Banana Pi BPI-R4 router board gateway is powered by MediaTek Filogic 880 SoC. It provides a unique single-chip MLO (Multi-link operation) architecture that optimizes performance in Wi-Fi 7 networks designed to dramatically lower latency compared to alternatives. The BPI-RF router also includes:

4 GB DDR4 (Double Data Rate 4 Random Access Memory) RAM8 GB eMMC (embedded MultiMediaCard)128 MB SPI-NAND (Serial Peripheral Interface NAND) flashMicroSD card slot and 1x M.2 KEY-M (PCI-Express 3.0 x1) for NVMe SSDsn (Non-Volatile Memory Express Solid-State Drives)Network interfaces include 2x 10Gb SFP (Small Form-factor Pluggable); 4x GbE(Gigabit Ethernet); plus support for 4G/5G nano SIM cards with M.2 B-Key (USB 3.2) for a cellular adapter card and 26-pin GPIO (General-Purpose Input/Output) for expansion and customization opportunitiesiPA (Integrated Power Amplifier) Network Interface Card fits the 2x mini-PCI-E slots on the rear side of the board. It contains Filogic chips providing 2.4GHz (4T4R) 5GHz (4T4R) and 6GHz (4T5R), plus dedicated SM/DFS Spectrum Management/Dynamic Frequency Selection) antennaMediaTek’s unique 4T5R platform allows for improved Receive Diversity and supports MRC (Multiple Receive Combining) that boosts 6GHz band throughput and range

The Banana Pi reference board is available to purchase online at Amazon.com, and the newest RDK-B software code to flash onto the device will be available in Q4 2024. More information about RDK is at www.rdkcental.com.

About RDK Management 
RDK Management is an open-source consortium that manages RDK for the global community. RDK is an open-source software solution that standardizes core functions used in broadband, video, and IoT devices. Deployed on more than 100 million devices, RDK enables service providers to control their device diagnostics data, business models, and apps to improve the customer experience and drive business results. The RDK community is comprised of more than 600 companies including CPE manufacturers, SoC vendors, software developers, system integrators, and service providers. For more information on the tools, training, and events provided by RDK Management, please visit: www.rdkcentral.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rdk-and-mediatek-unveil-new-hardware-reference-platform-for-wi-fi-7-broadband-cpe-302265903.html

SOURCE RDK Management

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CNN’s ‘Tomorrow Transformed’ explores how the future of healthcare is connecting lives

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HONG KONG, Oct. 3, 2024 /PRNewswire/ — Since the dawn of healthcare, technology has been drastically improving medical systems and services to help us live longer and better lives. In this special half-hour episode of ‘Tomorrow Transformed’, connections, partnerships, and collaborations in the world of medicine are humanized through compelling first-person stories.

Thanks to an amputation procedure pioneered at Brigham and Women’s Hospital in Boston, Amy Pietrafitta has taken on more sports than most people have done in a lifetime since having her leg amputated in 2018. With more of Amy’s muscle and nerve endings preserved compared to similar operations in the past, she has been able to work with the biomechatronics lab at MIT, where moving her prosthesis feels like natural foot movement. Dr. Hugh Herr and his team of graduate students hope that one day technology will be sophisticated enough for limbs to be rebuilt after amputation.

Inspired by her aunt’s battle with cancer, Professor Canan Dagdeviren has spent the last six years working with her students from MIT on a wearable breast monitor. This monitor has a nature-inspired honeycomb structure, with an embedded ultrasound device in the tracker that moves around its hexagonal design and the monitor can even be snapped onto a bra with its in-built magnets, allowing for daily imaging. As mammography cannot be done frequently, this technology significantly reduces the risk of women developing cancer in the interval between mammograms. This has also inspired her students to create other wearable technologies, such as silicone patches, also known as second skin, to scan for pancreatic or kidney cancers.

As wearable technologies and home healthcare become the norm, the high amounts of data generated can overwhelm medical practitioners. At Helsinki University Hospital, Dr. Jukka Putaala relies on cardiac monitors to help detect irregularities in the heartbeats of his stroke patients. Through advancements in artificial intelligence, these wireless devices, which collect data twenty-four hours a day, seven days a week, can effectively predict heart attacks and future strokes by analyzing patterns and support cardiologists on challenging diagnoses. This helps patients receive proper diagnoses, reduces hospital admissions, and ultimately increases their quality of life.

Organ shortages have been one of the biggest problems for doctors, but a biotech company in Tokyo may have found a solution. Dr. Keiichi Fukuda and his team at Heartseed are working to regrow damaged heart tissue by injecting specifically engineered heart muscle cells, known as cardiomyocytes, directly into the organ to assist in its repair. Previously assumed impossible, this procedure has now been performed on six patients, with clinical trial results showing great promise. Dr. Fukuda hopes to continue his life’s work and spread this treatment to hospitals worldwide.

Tomorrow Transformed trailer: https://bit.ly/4eJXMyp
Tomorrow Transformed images: http://bit.ly/4ecdxyt
Tomorrow Transformed microsite: https://edition.cnn.com/business/tomorrow-transformed

Airtimes for 30-minute special:
Saturday, 5th October at 6:30pm HKT
Sunday, 6th October at 9:30am HKT
Monday, 7th October at 1:30am HKT

About CNN International 

CNN’s portfolio of news and information services is available in seven different languages across all major TV, digital and mobile platforms, reaching more than 475 million households around the globe. CNN International is the number one international TV news channel according to all major media surveys across Europe, the Middle East and Africa, the Asia Pacific region, and Latin America and has a US presence that includes CNNgo. CNN Digital is a leading network for online news, mobile news and social media. CNN is at the forefront of digital innovation and continues to invest heavily in expanding its digital global footprint, with a suite of award-winning digital properties and a range of strategic content partnerships, commercialised through a strong data-driven understanding of audience behaviours. CNN has won multiple prestigious awards around the world for its journalism. Around 1,000 hours of long-form series, documentaries and specials are produced every year by CNNI’s non-news programming division. CNN has 36 editorial offices and more than 1,100 affiliates worldwide through CNN Newsource. CNN International is a Warner Bros. Discovery company.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cnns-tomorrow-transformed-explores-how-the-future-of-healthcare-is-connecting-lives-302266331.html

SOURCE CNN International

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TXOne Networks Expands Edge Series of OT-Native Network Security Appliances

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The product family is supercharged with new models and a powerful firmware upgrade.

TAIPEI, Oct. 3, 2024 /PRNewswire/ — TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, today announced Version 2.1 of its Edge series of networking security appliances, designed to protect industrial processes and infrastructure without disrupting operations. This update enhances network resilience and adaptability across a wider range of industrial verticals.

“Our Edge series is specifically engineered for the complexities of OT networks, where traditional IT cybersecurity solutions fall short,” said Dr. Terence Liu, CEO of TXOne Networks. “With version 2.1, we’ve elevated the Edge product line to address the unique challenges faced by OT environments—where disruption isn’t an option. This release underscores our commitment to delivering robust, adaptable security that not only meets current demands but anticipates the evolving needs of industrial operations.”

TXOne Networks collaborates with manufacturers and critical infrastructure operators to protect over 3,600 organizations worldwide. The Edge V2.1 series offers models tailored to different environmental and hardware requirements, providing options for centralized or distributed systems, and supports various connection types, with high port-density options ranging from 1 to 48 network segments.

The updated V2.1 streamlines onboarding, incorporates asset-centric, AI-powered security policy learning, and offers continuous inspection to transform reactive protection into proactive prevention. With virtual patching, antivirus capabilities, and enhanced protocol filtering, Edge V2.1 ensures comprehensive protection.

The Edge solution now integrates with TXOne Networks’ SageOne and includes over 120 enhancements in its management console. The newly introduced CPSDR-Networking capability further strengthens security for OT networks—at no additional cost to existing Edge users. With Edge V2.1, TXOne Networks empowers organizations to stay ahead of emerging threats while maximizing operational performance.

Follow TXOne Networks on Blog, Twitter, and LinkedIn.

About TXOne Networks

TXOne Networks offers cybersecurity solutions that ensure the reliability and safety of industrial control systems and operational technology environments. TXOne Networks works together with both leading manufacturers and critical infrastructure operators to develop practical, operations-friendly approaches to cyber defense. TXOne Networks offers both network-based and endpoint-based products to secure the OT network and mission-critical devices using a real-time, defense-in-depth approach. www.txone.com 

Photo – https://mma.prnewswire.com/media/2519053/TXOne_All_Edge_series.jpg

View original content:https://www.prnewswire.co.uk/news-releases/txone-networks-expands-edge-series-of-ot-native-network-security-appliances-302263727.html

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