YANTAI, China, Nov. 19, 2024 /PRNewswire/ — Raythink Technology Co., Ltd. (“Raythink”), an innovator in the thermal imaging industry, makes a high-profile appearance at OSEA Singapore 2024. Raythink® presents its innovative technologies and highlights its thermal imaging products at Hall DEF, booth BM4-07 at Marina Bay Sands.

At this exhibition, Raythink® presents a comprehensive suite of solutions and core products specifically designed for the entire oil, gas, and petrochemical exploration, extraction, transportation, storage, and refining processes. These products aim to enhance fault detection and significantly improve production efficiency.

Raythink®’s thermography cameras, such as the RT630 and RS1280, offer high-definition infrared imaging, precise temperature measurement, and intelligent analysis capabilities. These devices are ideal for equipment monitoring, intelligent inspections in refining and processing, and other industrial applications. Upon detecting temperature anomalies, the infrared technology quickly identifies potential defects and alerts the system.

In addition, Raythink® introduces the RG600C and RG600F OGI handheld cameras, which combine gas leak detection and temperature measurement. These devices are crucial for identifying flammable and toxic gas leaks, including methane, ammonia, freon refrigerants, and sulfur hexafluoride, which pose serious safety and environmental risks. The cameras contactlessly pinpoint the leak source, even in areas that are difficult to access, providing critical support for safety measures in the oil, gas and petrochemical sectors.

For complex oilfield monitoring, Raythink® offers the 360° infrared panoramic camera SilentW-U, which delivers extensive monitoring capabilities with a seamless 360° view. It captures the entire oilfield panorama in just two seconds, meeting the large-scale monitoring requirements of oilfields. Once a target is detected, the system links with a dual-spectrum PTZ camera to track the target, zoom in on the image, and collect both video and still images for further analysis and evidence gathering.

Raythink® showcases cutting-edge infrared thermal imaging technology at the 2024 OSEA Singapore exhibition, addressing the increasing demand for enhanced safety and efficiency in the oil and petrochemical industries. Moving forward, Raythink® continues to set new standards in thermal imaging technology, driving innovation and advancing efficiency in various application fields.

Media Contact: Karina Hu, karina.hu@raythink-tech.com

View original content:https://www.prnewswire.com/apac/news-releases/raythink-debuts-at-osea-singapore-2024-302307876.html

SOURCE RayThink Technology Co., Ltd.

Monetary Donations Are Perceived as the Most Impactful Way to Make a Difference Across Generations, but Volunteering and Advocacy Remain Important

LONDON, Nov. 19, 2024 /PRNewswire/ — The Blackbaud Institute, a sector research lab at Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has released a new report, Charitable Support Across Generations in the UK and Ireland, highlighting shifting donation patterns and support preferences among Gen Z, Millennials, Gen X and Boomers. This comprehensive study sheds light on generational attitudes toward charitable support, factors influencing giving, and the emerging challenges nonprofit organisations face in an increasingly complex landscape.

The report, based on survey responses from over 1,000 participants, uncovers distinct generational differences that shape charitable behaviour today. While financial donations remain the top way for each generation to make an impact, Gen Z notably prioritises volunteering and advocacy, signalling a new direction in charitable engagement. Health, children, and animal causes are most widely supported, with each generation holding unique perspectives on how best to help.

“With economic challenges reshaping how individuals prioritise their support, understanding the unique motivations of each generation has never been more essential,” said Dan Keyworth, Vice President and Managing Director, Customer Success, Blackbaud. “This report highlights that while traditional giving remains strong, younger generations, especially Gen Z, are redefining engagement through volunteering and advocacy. By aligning with these shifting preferences, charities can build deeper, more sustainable connections with supporters across every age group.”

Key Findings from the Report:

Diverse Support Preferences Across Generations: Donations are the most common form of support across all generations, though Gen Z emphasises volunteering, with 50% participating, while Boomers focus more on advocacy and spreading awareness.Influential Drivers for Charitable Support: Across generations, trust in the organisation, belief in the mission, and perceived impact on urgent needs are paramount. Younger generations also express a strong need for transparency and privacy, shaping expectations for nonprofit communication.Generational Giving Barriers: Economic constraints, limited time, and concerns about organisational efficiency are prevalent reasons for non-support. Lack of trust is notably higher among Gen Z and Millennials, emphasising the importance of transparent, impactful messaging from nonprofits.Preferred Communication and Acknowledgment: Email remains the most preferred form of recognition. However, Millennials and Gen Z value public recognition and detailed impact reports, underscoring the evolving expectation for digital and personalised nonprofit engagement.

The report further provides actionable recommendations for nonprofits to effectively engage supporters across generations, including strategies to build trust, enhance volunteer programmes, and diversify donation methods to meet evolving preferences. Get more information on Charitable Support Across Generations and access the full report here.

bbcon 2024 London
Publication of the new report follows the success of Blackbaud’s recent bbcon London event, hosted in late October. Over 200 Blackbaud customers, technology partners, expert speakers and Blackbaud staff attended the event to hear more about the major waves of innovation that will transform the future of social impact for Blackbaud’s customers in the UK and across Europe.

These announcements included a host of AI-powered solutions, enhanced functionality of Blackbaud’s core fundraising product, integrated payments experiences to help organisations raise and save more, and more flexibility to help customers extend their Blackbaud software. Breakout sessions provided the opportunity for delegates to hear best practices for fundraising, grantmaking, and corporate impact, as well as network with like-minded peers.

To learn more about Blackbaud’s most recent innovation, visit www.blackbaud.co.uk/newsroom.

About Blackbaud Institute
The Blackbaud Institute develops leading-edge research and convenes expert voices to equip the social impact community with knowledge, insight, and confidence. The Blackbaud Institute draws from Blackbaud’s data set, the most comprehensive in the social impact community. In addition, the Institute facilitates public research studies to drive original qualitative and quantitative insight. Our research agenda is grounded in a commitment to topics that social impact organisations can apply immediately to better understand, benchmark, and improve their essential business operations. We are guided by our commitment to the social impact sector to provide timely, transparent, and well-rounded research that is free to access. From how organisations run to how donors give, we’re 100% focused on research and resources for this sector.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud’s essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud’s solutions are unleashing the potential of the people and organisations who change the world. Blackbaud has been named to Newsweek’s list of America’s Most Responsible Companies, Quartz’s list of Best Companies for Remote Workers, and Forbes’ list of America’s Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.co.uk or follow us on X/Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries
media@blackbaud.com 

Forward-looking Statements
Except for historical information, all of the statements, expectations and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

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View original content:https://www.prnewswire.co.uk/news-releases/blackbaud-institute-releases-new-research-on-charitable-support-trends-across-generations-in-the-uk-and-ireland-302309449.html

 Rise of Fraud-as-a-Service, deepfakes surging 4x and more 2024 digital fraud trends uncovered in 4th annual Identity Fraud Report by Sumsub

MIAMI, Nov. 19, 2024 /PRNewswire/ — Sumsub, a global full-cycle verification platform, today released its fourth annual Identity Fraud Report. The report provides a detailed analysis of identity fraud dynamics worldwide based on millions of verification checks and over 3,000,000 fraud attempts analyzed between 2023 and 2024*. The report also includes Sumsub’s Fraud Exposure Survey 2024, featuring responses from 200+ risk professionals and over 1,000 end users.

Identity Fraud Main Trends and Statistics for 2024

Key findings from Sumsub’s report include:

The top-5 identity fraud types in 2024 are: forged documents (50% of all fraud attempts), chargebacks (15%), account takeovers (12%), deepfakes (7%) and fraudulent networks (4%).The report found a significant 4x increase in deepfakes detected worldwide from 2023 to 2024The top-5 sectors most affected by identity fraud in 2024 are dating (8.9% fraud rate), online media (7.7%), banking & insurance (2.7%), video gaming (2.3%), and crypto (2.2%).The top-5 industries with the highest identity fraud growth rates in 2023-2024 are dating (265%), online media (180%), banking & insurance (162%), fintech (156%) and edtech (144%).The analysis of an average fraudster economy demonstrates that, with as little as $1,000 at their disposal, a fraudster group can inflict losses of up to $2.5M a month.The global average identity fraud rate more than doubled over three years, growing from 1.1% of all verifications in 2021 to 2.6% in 2024.Three-quarters (76%) of fraud occurs during ongoing account use, highlighting the need for continuous checks apart from KYC.Account takeover (ATO) attacks have become one of the most damaging forms of fraud. ATO cases surged by 250% YoY, a staggering rise compared to a 155% increase in 2022-2023.The Sumsub Fraud Exposure Survey 2024 revealed that, on average, businesses lost approximately $300,000 per fraud event in 2024, and nearly half of companies (45%) and end users (44%) worldwide reported being victims of identity fraud at least once.

“In today’s digital world, identity fraud poses a serious threat to individuals and companies. In 2024, 67% of firms reported a fraud increase,” says Andrew Sever, co-founder and CEO of Sumsub. “The Sumsub Annual Identity Fraud Report has become a go-to resource for industry leaders, with previous editions cited by the UNODC, Statista, Microsoft, and major media outlets. This year, we’ve expanded our research with insights from end-users and risk professionals, providing a detailed look at current fraud dynamics, future predictions, and actionable tips for businesses. As a full-cycle verification platform, we’re committed to sharing these insights to help the community unite against fraud.”

Identity Fraud Landscape: Regional Insights

The report provides a closer look at identity fraud trends of 2024 to see regional differences and make comparisons between countries:

In Europe, the majority of respondents (56%) reported having fallen victim to identity fraud.Africa reveals the highest identity fraud rate growth YoY (167%) among all regions.In the US & Canada, 67% of all respondents believe deepfakes have already or will impact the elections in the future.The country with the highest overall identity fraud rate in 2024 is Indonesia (6.02%).Argentina experienced the highest increase in identity fraud rate YoY of 509%.While seven APAC countries are among the top 10 jurisdictions with the highest rates of applicants involved in fraud networks, Oman is the overall global leader.South Korea experienced the largest growth in deepfake attacks YoY (735%).

AI and Deepfakes: from Commodity to Commonplace

In 2024, deepfakes—manipulated images, videos, or voices used to impersonate individuals—have become commonplace, with their share among all detected fraud reaching 7% in 2024. Alarmingly, AI and deepfakes are changing the misinformation landscape, with recent AI-generated images of Disney World underwater, or deepfakes of Donald Trump and Kamala Harris impacting electoral campaigns.

According to Sumsub’s Fraud Exposure Survey, 81% of all respondents expressed concerns surrounding the impact of deepfakes on election integrity. At the same time, global consumers reported the lowest level of trust in online media at 48 out of 100 points. Sumsub data indicates that in 2024, deepfakes continue to grow globally, showing higher growth rates in the developing markets:  the Middle East (643%), Africa (393%), and LATAM & Caribbean (255%).

“In 2025, fraudsters will increasingly rely on AI not just for deepfakes–which are, basically, just a tip of the iceberg–but for a broader range of deceptive tools, such as AI-generated identity documents, real-life videos, synthetic voices, and AI-driven chatbots that impersonate real users. These innovations will make fraud harder to detect and more versatile,” explains Pavel Goldman-Kalaydin, Head of AI/ML at Sumsub. “To fight AI-powered fraud, businesses need to deploy advanced multi-layered solutions that can analyze and detect fraud across multiple vectors, ensuring that identity fraud is tackled not just at the visual or biometric level, but across all touchpoints.”

How Cheap It Is to Commit Fraud: the Economy of a Fraudster Disclosed

The economics of fraud have shifted dramatically, making it easier and cheaper to execute large-scale operations with minimal investment. The rise of “fraud as a service” (FaaS) models allows fraudsters to outsource key aspects of their operations to specialized providers.

On average, a single fraudster can commit around 100 fraudulent activities annually, as supported by industry reports like the Verizon Data Breach Investigations Report. The fraudster economics, explained in the report, highlights that an average potential annual income could be ~$29,988,000, or a potential ~$2.5M gain in one month – with as little as a $1,000 monthly investment.

To learn more and download the full Sumsub 2024 Identity Fraud Report, please go to https://sumsub.com/fraud-report-2024/

* Note on Sumsub’s research methodology

The Sumsub 2024 Identity Fraud Report compares data from 2023 and 2024. In certain cases, 2021-2022 data is also taken into account to observe trends. The report is based on aggregated and anonymized verification statistics on millions of users from 28 industries worldwide, with 3,000,000+ fraud attempts studied. All graphs and infographics are based on internal statistics compiled from the data of consenting customers.

To delve deeper into the state of identity fraud, Sumsub conducted a Fraud Exposure Survey in August 2024, gathering insights from both consumers and companies. The survey included 1,000+ end-users as well as 200+ fraud and risk professionals from companies of various sectors, including banking, crypto, payments, e-commerce, trading, and iGaming.

About Sumsub

Sumsub is a full-cycle verification and ongoing monitoring platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring, Fraud Prevention and Travel Rule solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

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View original content:https://www.prnewswire.co.uk/news-releases/democratization-of-fraud-tech-1-000-can-cause-2-5m-in-monthly-business-losses-sumsub-report-reveals-302309434.html