Technology

Tata Communications Joins Forces with Palo Alto Networks to Enhance Enterprise Cyber Resilience

Published

2 days ago

October 8, 2024

A global alliance to empower businesses with robust cyber defence in today’s digital eraBest-of-breed offering, together with Palo Alto Networks’ industry leading cybersecurity technologies and Tata Communications deep industry expertise across network and cloud security, cyberthreat detection and response, and security assessmentCollaboration to deliver unified network and cloud security, ZTNA 2.0 and SASE, leveraging Palo Alto Networks platforms

MUMBAI, India, Oct. 8, 2024 /PRNewswire/ — Tata Communications today announced a collaboration with Palo Alto Networks, the global cybersecurity leader, to deliver comprehensive cybersecurity solutions to global enterprises.

The rapid shift towards digital transformation, cloud adoption, and remote workforces has significantly expanded and complicated the attack surface for organizations, making them more vulnerable to sophisticated cyberthreats. To combat these challenges, enterprises require robust, integrated, and managed cybersecurity solutions.

The best-of- breed offering will bring together Palo Alto Networks industry-leading technologies with Tata Communications digital fabric of solutions and deep industry expertise across network security, cloud security, cyberthreat detection and response, security assessment and consulting services — leveraging a powerful alliance to address the evolving cyberthreat landscape.

The partnership will address these critical needs by offering a robust cloud and cybersecurity fabric of services and technologies that are focused on delivering the following key benefits:

Advanced threat hunting, incident response, and compliance capabilities: As businesses transition to cloud-based solutions, new security challenges emerge, such as unauthorised access and lack of visibility into cloud environments. Unlike other traditional Security Operations Centre (SOC) tools that often fall short in these settings, the Palo Alto Networks Precision AI-powered platform, combines the capabilities of SIEM, XDR, SOAR, and other SOC tools to simplify security operations.Proactive threat isolation and resolution with embedded threat intelligence: Tata Communications will offer a unified, cloud-delivered security solution that integrates network security, cloud security, Zero Trust Network Access (ZTNA) 2.0 capabilities and Secure Access Service Edge (SASE), by leveraging Palo Alto Networks Prisma Access platform — a cloud-based platform for network security services that offers consolidated, best-in-class security at the edge for end-users.Seamless deployment and operations: Tata Communications will also provide dedicated managed services, including the lifecycle management of Palo Alto Networks solutions, allowing customers to focus on their core business.Optimised security posture and enhanced user experience: The partnership will deliver rapid detection and reduced response times, with simplified security management.Significant cost savings and operational efficiencies: Customers will benefit by consolidating multiple security vendors and services into a single provider.Unmatched expertise: Tata Communications to enable rigorous assessment of existing security infrastructure and recommend a roadmap with access to real-time analytics and insights, threat intelligence, and a use case library.

“It’s critical for businesses to adopt a platform-centric approach to cybersecurity as attack surfaces expand and threats become more complex,” said Vaibhav Dutta, Associate Vice President and Global Head-Cybersecurity Products & Services at Tata Communications. “Our strategic collaboration with Palo Alto Networks stitches together all the essential solutions and tools into a single cloud and cybersecurity fabric – simplifying and streamlining enterprise security management.”

“Tata Communications proven capabilities as a Managed Cybersecurity Service Provider and commitment to excellence, perfectly complement our advanced technologies,” said Michelle Saw, VP GTM and Ecosystems, JAPAC at Palo Alto Networks. “Together, we are confident of empowering future forward enterprises worldwide to further strengthen their security posture, improve operational efficiency, and mitigate risks effectively.”

Click here to learn more about Tata Communications cybersecurity solutions.

About Tata Communications

A part of the Tata Group, Tata Communications (NSE: TATACOMM) (BSE: 500483) is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants. For more information, please visit www.tatacommunications.com

Forward-looking and cautionary statements

Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors, including financial, regulatory, and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward- looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance, or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports.

The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.

TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.

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Technology

Toss Securities Announces Appointment of Gyubin Kim as New CEO

Published

51 mins ago

October 10, 2024

Gyubin Kim steps into new role as CEO of Toss SecuritiesPart of the strategy to strengthen the company’s investment platformDongwan Ko appointed as the new Head of Product… Strengthening product-centric operation

SEOUL, South Korea, Oct. 9, 2024 /PRNewswire/ — Toss Securities announced today that Gyubin Kim, the former Head of Product, has been appointed as the new CEO. The decision, made during a general shareholders’ meeting on the 10th, is part of a strategy to bolster Toss Securities’ standing as an investment platform and broaden its range of services.

Kim has been instrumental in driving service innovation since joining Toss Securities as a Product Owner (PO) in January 2022. His accomplishments include launching real-time fractional overseas stock trading and enhancing the investor community. Kim also contributed to the company’s first quarterly profit in 2023. He has laid the groundwork for Toss Securities services, such as launching overseas bonds, diversifying products, and introducing Toss Securities PC (Web Trading System).

Prior to joining Toss Securities, Kim honed his tech-based service planning skills at Toss (Viva Republica) and eBay Korea.

Following the recent executive appointments, Dongwan Ko, former PO, has assumed the position of the new Head of Product. Since joining Toss Securities, Ko has contributed in spearheading the company’s growth in overseas stock services.

Toss Securities, which began as an easy-to-use mobile stock trading service in March 2021, has grown into a brokerage firm with 6.3 million customers as of September 2024. The company has expanded its scope to cater not only to novice investors but also to professional investors. Focused on overseas stock brokerage services, Toss Securities turned a profit last year and is projected to continue its growth trajectory this year.

[Biography] Gyubin Kim, CEO of Toss Securities

Career Details:2022 – Present: Toss Securities2020 – 2022: Viva Republica2015 – 2020: eBay Korea2012 – 2013: Nanojo (Co-founder)Education: Graduated from Carnegie Mellon University / Electrical and Computer Engineering

About Toss Securities

Toss Securities, a subsidiary company of Viva Republica, which operates the financial super app Toss, launched its customer service in March 2021. As a newly licensed securities company after 13 years in South Korea, it provides user-centered services with UX/UI optimized for the mobile environment. In particular, it is the first in the industry to introduce an integrated account service that allows customers to conveniently trade multiple financial instruments from one account without installing a separate app, and as of September 2024, more than 6.3 million customers have used Toss Securities. Monthly Active Users (MAU) reach over 3.3 million to date. In addition to real-time overseas decimal stock trading, the company offers a variety of services such as community and customized content and is evolving into a data-driven investment platform.

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SOURCE Toss Securities

Technology

Kehua Tech Ranked No. 1 in China and No. 3 Worldwide for Energy Storage Inverter Market Share

Published

51 mins ago

October 10, 2024

XIAMEN, China, Oct. 9, 2024 /PRNewswire/ — According to the report from S&P Global Commodity Insights, based on the 2023 PCS shipment volume statistics, Kehua is ranked as the No.3 energy storage inverter supplier globally and the No.1 energy storage supplier in China. Kehua‘s consistent growth and strong performance in the storage inverter market highlight the leading position in the industry.

Kehua’s rise to the top three global energy storage inverter suppliers is a reflection of the unwavering focus on meeting the evolving needs of customers and industry demands. Kehua’s ongoing technological innovations, especially breakthroughs in liquid cooling technology and grid-forming energy storage solutions, highlight its advanced capabilities and commitment to excellence. As Kehua continues to expand its presence in the global energy storage inverter market, it remains committed to driving innovation and setting new benchmarks for excellence.

In the future, Kehua will strengthen the cooperation with global partners to jointly promote the sustainable development of the energy industry and contribute to build a clean, efficient and sustainable energy ecosystem for the world.

About Kehua
Based on 36 years of experience in power electronic technology, Kehua has diversified solutions and rich project experience in the fields of photovoltaic, energy storage, micro-grids and integrated energy services. By the end of 2023, Kehua´s PV installation has exceeded 46GW and its energy storage installation has exceeded 15.2GW/8.2GWh globally. Presently, Kehua has become the world’s third largest PCS supplier (S&P), a Tier 1 energy storage supplier and a Top 10 solar inverter manufacturer (BloombergNEF). As a reliable PV and ESS expert, Kehua is dedicated to enabling a zero-carbon lifestyle for individuals worldwide.

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SOURCE Kehua Tech

Technology

HD Hyundai Heavy Industries Develops Eco-Friendly Ammonia Duel-fuel Engine

Published

51 mins ago

October 10, 2024

World’s first high-pressure ammonia direct injection engine receives model-based class approval from seven major classification societiesSuitable for marine power generation and propulsion, and land-based power generation, ready to be soonly commercialized for the market”We aim to enhance our advanced technology and take the lead in shipbuilding market”

SEOUL, South Korea, Oct. 9, 2024 /PRNewswire/ — HD Hyundai Heavy Industries aims to lead the eco-friendly shipbuilding market with the development of a zero-carbon ammonia dual-fuel (DF) engine. This is the first ammonia engine in the world, applied with a high-pressure ammonia direct injection method.

On October 7, HD Hyundai Heavy Industries announced that it had completed the model-based class approval testing for the “HiMSEN Ammonia Dual-Fuel Engine,” (model: H22CDF-LA) at its Engine Technology Center in the Ulsan Headquarters. The testing was attended by representatives from seven classification societies including ABS (USA), DNV (Norway), LR (UK), BV (France), RINA (Italy), NK (Japan), and KR (Korea).

HD Hyundai Heavy Industries shared that it will soon start commercialization of the HiMSEN ammonia engine as the detailed examination and compliance review has been finalized with the model-based class approval.

The ammonia engine developed by HD Hyundai Heavy Industries is suitable not only for ammonia carriers, but also for marine power generation and propulsion purposes. The company also plans to supply the engine to land-based power generation markets.

Until now, ammonia engines were based on a “low-pressure premixed combustion method” which burns a mixture of ammonia and air, which has been provided to the engine combustion chamber, through compression. The newly developed “high-pressure direct injection method” compresses air in the engine combustion chamber and then burns it by injecting ammonia with high pressure.

Despite its benefits of having great output and fuel efficiency, along with the mitigation of greenhouse gases such as nitrogen dioxide (N2O), engine companies around the world had difficulty developing this method due to its high technological complexity.

While setting up an optimized fuel spraying time and period to maximize burning rate, HD Hyundai Heavy Industries also utilized the selective catalytic reduction (SCR) system to minimize the amount of nitrogen oxide and unburned ammonia. In addition, the Integrated Scrubber developed independently by HD Korea Shipbuilding & Offshore Engineering, has been widely applied resulting in a drastic reduction of ammonia concentrations.

“The development of this ammonia engine has great meaning as it will be an opportunity for us to lead the market while providing an expanded eco-friendly duel-duel engine lineup,” said an official of HD Hyundai Heavy Industries. “We aim to enhance our advanced technology and take the lead in the future eco-friendly ship market.”

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SOURCE HD Hyundai