#security advisory service 2021

[aishavass]

The adoption of new technology and business strategies is anticipated to create a business opportunity for security advisory service providers to maintain...

[dinosly]

Maritimes Against Climate Change

One week ago my group Maritimes Against Climate Change held a rally to bring the community together and hold the fossil fuel companies, who get tax breaks while destroying our world, accountable.

Here was the speech I was supposed to do, but had to wrap it up due to me recovering from a cold and the weather:

"Hello everyone, thank you all for coming despite the weather. We can all see that Canada still has a little bit of cold left in her despite what were here for.

Over the last couple of years, outright Climate Denialism has been waning. Many people see with their own eyes that "October used to be cold" or "we would get long lasting snow before December".

Denying that humanity is the cause usually follows, that's easy to disprove, then denying that its a problem is next, which if you come across that I have some information to help argue that point:

Cost of Environmental Events: Atlantic Canada has experienced significant financial losses due to extreme weather events. For instance, Hurricane Fiona in 2022 caused damages exceeding $800 million, underscoring the vulnerability of our infrastructure and communities. CBC

Fisheries and Aquaculture: Warming ocean temperatures and changes in salinity are affecting fish stocks and aquaculture operations. Notably, the lucrative lobster industry in Nova Scotia has faced challenges due to shifting populations and increased competition.

Agriculture: Increased frequency of droughts and heavy rainfall events disrupt crop yields, impacting food security and rural economies. The 2023 drought in Atlantic Canada led to significant agricultural challenges, with some regions receiving only a quarter of their usual rainfall. Agriculture and Agri-Food Canada

Fishing and agriculture are the backbones of our communities, farmers in particular are in tune and rightfully worried about the climate crisis, because their crops and their livelihoods are on the line.

For more individual impacts to counter the "it doesnt effect me specifically" crowd:

Insurance and Financial Services: The rise in climate-related disasters has led to higher insurance claims and premiums. In 2021, severe weather caused $2.1 billion in insured damages across Canada, with Atlantic Canada being particularly affected. IBC

Health: Rising temperatures are increasing heat-related illnesses, while poor air quality during wildfire seasons poses respiratory risks. In 2023, Atlantic Canada experienced an unprecedented wildfire season, leading to health advisories and evacuations. CBC

Housing: Coastal and riverine flooding threaten homes and necessitate relocation or expensive retrofitting. Sea-level rise projections indicate that the Atlantic region will experience the largest local sea-level rise in Canada, increasing the risk of flooding and erosion. CNN

Thank you to Climatlantic for these statistics.

As I say a lot in these marches, in New Brunswick, we have the forest to our left and the sea to the right, both integral to our survival but with climate change, can also be a risk. I have nightmares all the time of me, my parents, my grandparents, my friends, my future family being evacuated because their homes are no longer safe. I do not wish that upon anyone on this earth.

Finally, the last state of climate denialism is also the one that hurts the most, because it comes not from a place of ignorance, but apathy, hopelessness. The viewpoint that we cant solve it, that its too late.

And i get it, the world is a big place, a lot of moving parts, lobbying is so rampant it easily makes you feel small. But you are not alone. The average New Brunsweicker is closer to being homeless than ever having as much as the people who influence the world's politics, but the thing is, there are way more if us. And if we come together in solidarity and tackle the same problem, we can influence the policies that effect we the people.

For many years we have seen that corporate greed has not only hurt the environment, but our communities as well. Multimillion dollar Companies continue to choose profits over the people that brought them to that place. Rising costs of everything has been straining all of us thin, and the climate crisis, exacerbated by the fossil fuel industry will not help. We need to be vocal that the reason that these companies as well as our politicians are at the place they are is due to the blood sweat and tears of the hardworking individuals of our communities. Every time we try to make companies pay their fair share, they make their customers or even their own employees shoulder the burden.

We need to stand in solidarity with workers and demand for policies that not only change, but improve the lives of all New Brunsweickers. Making sure that the future of Maritimers aren't thought of with fear and worry, but hope.

And how do we get our voices herd? Rallying our communities. Organizing events, bringing these towns, cities, communities together all under a single driving force, our future. Starting small with local governments, municipalities, up to provincial and hopefully to a national scale, we will bring the voice of the people to where it needs to be. Just as one kid rallied the world for climate action before covid, I plan to rally the maritimes for the same cause. Our voices need to be loud! Our mission needs to put the lives of New Brunsweickers first! The environment of will be a priority of course but we will never forget that this will be done by New Brunsweickers for New Brunsweickers.

This fight needs to be workers, the everyday person, versus the companies and CEOs that effect us all. We need to show them that we stand together and wont stand for this treatment anymore! So rally your fellow workers, strike, picket, march, get involved with local government, local groups, everything. Because if we won't do it, who will?"

[wolfliving]

The Federal Bureau of Investigation (FBI), Cyber National Mission Force (CNMF), and National Security Agency (NSA) assess that People’s Republic of China (PRC)-linked cyber actors have compromised thousands of Internet-connected devices, including small office/home office (SOHO) routers, firewalls, network-attached storage (NAS) and Internet of Things (IoT) devices with the goal of creating a network of compromised nodes (a “botnet”) positioned for malicious activity. The actors may then use the botnet as a proxy to conceal their identities while deploying distributed denial of service (DDoS) attacks or compromising targeted U.S. networks.

Integrity Technology Group, a PRC-based company, has controlled and managed a botnet active since mid- 2021. The botnet has regularly maintained between tens to hundreds of thousands of compromised devices. As of June 2024, the botnet consisted of over 260,000 devices. Victim devices part of the botnet have been observed in North America, South America, Europe, Africa, Southeast Asia and Australia.

While devices aged beyond their end-of-life dates are known to be more vulnerable to intrusion, many of the compromised devices in the Integrity Tech controlled botnet are likely still supported by their respective vendors.

FBI, CNMF, NSA, and allied partners are releasing this Joint Cyber Security Advisory to highlight the threat posed by these actors and their botnet activity and to encourage exposed device vendors, owners, and operators to update and secure their devices from being compromised and joining the botnet. Network defenders are advised to follow the guidance in the mitigations section to protect against the PRC-linked cyber actors’ botnet activity. Cyber security companies can also leverage the information in this advisory to assist with identifying malicious activity and reducing the number of devices present in botnets worldwide.

For additional information, see U.S. Department of Justice (DOJ) press release....

[eretzyisrael]

Adeel Mangi is not a victim of “Islamophobia,” “bigoted smears” or anti-Muslim discrimination, as Timothy Lewis’s recent Philadelphia Inquirer op-ed asserted. The real reasons bipartisan senators, Jewish organizations and others oppose confirming Mangi as a federal appellate judge (one step below the U.S. Supreme Court) are the following:

Mangi was until recently an advisory director and repeated donor to a viciously antisemitic, anti-American, pro-terror organization—the so-called “Center for Security, Race and Rights” (CRSS) at Rutgers Law School; Mangi evaded questions and improbably professed ignorance about key matters (including antisemitism, terrorism and Middle East issues) that are likely to come before the federal appellate court; and Mangi has absolutely no judicial experience.

It is absurd to claim that a bipartisan group of senators oppose Mangi’s confirmation because Mangi is Muslim. The Senate overwhelmingly confirmed another recent Muslim nominee for a federal judgeship: Zahid Nisar Quraishi.

The majority of appellate judicial nominees have years of prior judicial experience and a record of judicial decisions that can be vetted. In public statements and letters, leading Jewish organizations involved in combating antisemitism, including: our organization, the Zionist Organization of America; Americans Against Antisemitism; StopAntisemitism; Students Supporting Israel; and the Coalition for Jewish Values (representing over 2,500 rabbis) noted that it is dangerous to elevate Mangi to a lifetime Court of Appeals judgeship when he has no judicial record to examine, which is not even to mention his alarming CRSS involvements.

Among other horrors, while Mangi was on CRSS’s Advisory Board (referred to as its “brain trust”), CRSS celebrated the Sept. 11, 2001 terror attacks’ 20th anniversary by hosting terror-affiliated speakers, including Sami Al-Arian, who was convicted for funneling funds, goods and services to the designated terror organization Palestinian Islamic Jihad. CRSS also hosted a group whose officials have connections to Al-Qaeda and Hamas networks, the notorious antisemite and anti-Israel propagandist Rashid Khalidi, and Israel-bashing BDS groups and leaders including Jewish Voice for Peace, Peter Beinart, Khaled Elgindy and Marc Lamont Hill (who was terminated by CNN for antisemitic comments).

Furthermore, CRSS’s website posted a resource guide listing and linking to numerous antisemitic, anti-Israel, BDS and terror-linked organizations, films, books, journals, “educational resources,” websites, podcasts and reports.

CRSS’s website also included CRSS Executive Director Sahar Aziz’s open letter praising and justifying Hamas terrorism and denying Israel’s right to self-defense while Hamas launched 4,500 rockets at Israel in May 2021. Aziz recruited Mangi to the CRSS advisory board. The Jewish Federation of Greater MetroWest New Jersey stated that “Aziz has regularly and consistently promoted vile antisemitic propaganda” on social media and elsewhere.

In addition to his own donations and services, Mangi obtained donations from his law firm for CRSS.

During his Senate Judiciary Committee hearing, Mangi repeatedly refused to condemn viciously antisemitic, anti-Israel CSRR events and statements by reciting this mantra: “I do not have the expertise or factual background to express views regarding the complex history of the conflict in the Middle East, which is irrelevant to my potential work on the United States Court of Appeals for the Third Circuit.”

Of course, condemning antisemitism and antisemitic Israel-bashing does not take expertise; it just takes courage. Moreover, antisemitism and Middle East issues are highly relevant to potential cases on the Third Circuit, including cases seeking remedies for antisemitic attacks and harassment on college campuses and city streets; cases regarding antisemitic boycotts; and cases brought by victims of Hamas and other terror groups under federal victims of terrorism and victims of torture statutes. Mangi is unfit and unqualified to fairly judge these important matters and should not be confirmed.

[lingyunxiang]

Martha Olney is a Teaching Professor Emerita in Berkeley's Economics Department. She joined the department in 1991 as a Research Associate at the Institute of Business and Economic Research. She was a visiting associate professor from 1992 to 2002, when she became an adjunct professor. She was promoted to Teaching Professor (Senior Lecturer with Security of Employment) in July 2017 and retired in July 2022. She served as Chair of the Department's Undergraduate Committee for 9 years, 2012-2021. Professor Olney organized and hosted the Economic History Lunches for graduate students and faculty from 1996 until her retirement in 2022. Prior to joining Berkeley, she was an associate professor of economics at the University of Massachusetts, Amherst, where she had taught since 1984. She has also taught at Stanford University (2001) and Siena College (2011-2012). She received her PhD from Berkeley in 1985. Professor Olney is the recipient of multiple teaching and mentoring awards including Distinguished Teaching Awards from UC Berkeley, UC Berkeley's Social Science Division, and the University of Massachusetts at Amherst, plus awards from Phi Beta Kappa, the Economic History Association, The Stavros Center for Economic Education, and UC Berkeley's Faculty Award for Outstanding Mentorship of GSIs. She is a member of the American Economic Association, Business History Conference, Cliometric Society, Economic History Association, and the Social Science History Association. She previously served on the academic advisory board of the Financial Services Research Program of George Washington University and on the boards of the AEA's Committee for the Status of Women in the Economics Profession, and the Business History Conference. She is currently a member of the board of the AEA's Committee on the Status of LGBTQ+ Individuals in the Economics Profession (CSQIEP) and the AEA's Task Force for Outreach to High School and Undergraduate Students in Economics.

[beardedmrbean]

PORT-AU-PRINCE, Haiti (AP) — American nurse Alix Dorsainvil and her daughter were freed Wednesday, nearly two weeks after they were kidnapped in Haiti’s capital, according to aid organization El Roi Haiti.

The Christian group founded by Dorsainvil’s husband asked that neither she nor her family be contacted: “There is still much to process and to heal from in this situation,” the group said in a statement.

The group added that it confirmed the safe release “with a heart of gratitude and immense joy.” No other details were immediately available, including whether any ransom was paid.

The U.S. State Department said it welcomed news that the two had been freed and thanked its Haitian and U.S. interagency partners for facilitating the release.

“We have no greater priority than the safety and security of U.S. citizens overseas,” the agency said. “As you can imagine, these individuals have been through a very difficult ordeal, both physically and mentally.”

Officials provided no other details.

Witnesses told The Associated Press that armed men had seized the New Hampshire native and her young daughter in late July from a clinic in a gang-controlled area of Port-au-Prince where Dorsainvil works.

The Christian group has offered medical care, education and other basic services to people in the country’s poorest areas.

Gang warfare has increasingly plagued Haiti since the 2021 assassination of President Jovenel Moïse. Gang members regularly kill, rape and hold residents for ransom. A local nonprofit has documented 539 kidnappings since January, a significant rise over previous years.

On July 27, the U.S. State Department had ordered the departure of non-emergency U.S. government personnel from Haiti, which remains under a “do not travel” advisory.

In a video posted on the El Roi Haiti website, Dorsainvil describes Haitians as “full of joy, and life and love,” people she was blessed to know.

In a blog post, El Roi Haiti said Dorsainvil fell in love with Haiti’s people on a visit there after the devastating 2010 earthquake hit the Caribbean nation.

Dorsainvil graduated from Regis College in Weston, Massachusetts, where a program supports nursing education in Haiti.

[skyjohn009]

Physical Security Market: Trends, Opportunities, and Competitive Landscape

Physical Security Market: Trends, Opportunities, and Competitive Landscape

The physical security market encompasses a broad range of solutions and services designed to protect individuals, facilities, and assets from unauthorized access, theft, vandalism, and other potential threats. This market includes various components such as systems (physical access control, video surveillance, perimeter intrusion detection, and more) and services (system integration, remote monitoring, etc.). The physical security market serves diverse end-users, including transportation, government, banking and finance, utility and energy, residential, industrial, retail, commercial, hospitality, and others.

Latest Trends

Integration of Artificial Intelligence (AI) and Machine Learning (ML): The incorporation of AI and ML technologies into physical security systems enhances their ability to detect and respond to threats more effectively.

Cloud-Based Security Solutions: Cloud-based solutions are gaining popularity due to their scalability, cost-effectiveness, and ability to provide real-time monitoring and alerts.

Increased Focus on Cybersecurity: As physical security systems become more interconnected and reliant on network connectivity, there is a growing need to ensure the cybersecurity of these systems.

Rise of IoT-Enabled Devices: The proliferation of IoT-enabled devices is expanding the scope of physical security, enabling more comprehensive monitoring and control.

Get a Physcial Security Market Report Request Sample Link:https://straitsresearch.com/report/physical-security-market/request-sample

Market Insights

The global physical security market size was valued at USD 113.54 billion in 2021 and is projected to reach USD 195.60 billion by 2030 at a CAGR of 6.23% from 2022 to 2030.Key Opportunities

Growing Demand for Integrated Security Solutions: The increasing need for comprehensive security solutions that integrate various systems and services is expected to drive market growth.

Expansion into Emerging Markets: Companies are looking to expand their presence in emerging markets, where there is a growing demand for physical security solutions.

Key Players

Hangzhou Hikvision Digital Technology Co. Ltd.

Honeywell International Inc.

Genetec Inc.

Cisco Systems Inc.

Axis Communications AB

Pelco

Robert Bosch GmbH

Johnson Controls

ADT LLC.

Buy Now:https://straitsresearch.com/buy-now/physical-security-market

Market Segmentations

By Component

Systems

Physical Access Control System (PACS)

Video Surveillance System

Perimeter Intrusion Detection and Prevention

Physical Security Information Management (PSIM)

Physical Identity & Access Management (PIAM)

Fire and Life Safety

Services

System Integration

Remote Monitoring

Others

By Organization Size

SMEs

Large Enterprises

By End-User

Transportation

Government

Banking & Finance

Utility & Energy

Residential

Industrial

Retail

Commercial

Hospitality

Others

About Straits Research

Straits Research is a leading provider of business intelligence, specializing in research, analytics, and advisory services. We offer in-depth insights through comprehensive reports, focusing on delivering actionable market data and analysis.

[yetisidelblog]

Add your name as a grassroots co-sponsor of the H2O UP Act to help families afford water bills

In 2021, Representatives Rashida Tlaib and Debbie Dingell helped secure more than $1.1 billion in federal funding to assist low-income households who need support in paying off their water bills and paying for fees to reconnect their water service. But that emergency funding ran out and millions of families urgently need assistance to access clean drinking water.

So the Representatives just introduced the H2O UP Act (Half-Century Update for Water Access and Affordability Act) to establish the first-ever permanent federal low-income water affordability program.

The affordability program would provide financial assistance to low-income households for drinking water, including direct financial assistance, debt relief, and support with reconnection of services and water efficiency. Within the U.S. Environmental Protection Agency (EPA), the program would also prohibit water shutoffs and provide technical assistance for community water systems.

To make sure it gets implemented on the ground in a way that’s equitable and changes people’s lives for the better, the legislation will establish Community Advisory Committees comprised of low-income residents, nonprofits, water utilities, and other stakeholders in each EPA region to advise the EPA.

Will you sign on as a grassroots co-sponsor of the new H2O UP Act to ensure safe, affordable water for all low-income U.S. households? Add your name today.

@upontheshelfreviews

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@one-time-i-dreamt

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[systemtek]

NCSC and partners issue advice to counter China-linked campaign targeting thousands of devices

The UK and international allies are urging individuals and organisations to take protective action after exposing a global network of compromised internet-connected devices operated by a China-linked company and used for malicious purposes. The National Cyber Security Centre (NCSC) – a part of GCHQ – has today (Wednesday) issued a new advisory alongside partners in the United States, Australia, Canada, and New Zealand which reveals how a company based in China with links to China’s government has managed a botnet consisting of over 260,000 compromised devices around the world. A botnet is a network of internet-connected devices that are infected with malware and controlled by a group to conduct co-ordinated cyber attacks without the owners’ knowledge. The compromised devices include routers, firewalls, and Internet of Things (IoT) devices – including webcams and CCTV cameras – which can then be used by the actors for a variety of malicious purposes, such as anonymous malware delivery and distributed denial of service (DDoS) attacks. The advisory names Integrity Technology Group as responsible for controlling and managing the botnet, which has been active since mid-2021, and has been utilised by the malicious cyber actor commonly known as Flax Typhoon. The advisory shares technical details and mitigation advice to help defend against malicious activity delivered through this botnet. It also highlights the risk to owners of how unpatched and end-of-life equipment can be exploited by malicious cyber actors. Paul Chichester, NCSC Director of Operations, said:  “Botnet operations represent a significant threat to the UK by exploiting vulnerabilities in everyday internet-connected devices with the potential to carry out large-scale cyber attacks. “Whilst the majority of botnets are used to conduct co-ordinated DDoS attacks, we know that some also have the ability to steal sensitive information. “That’s why the NCSC, along with our partners in Five Eyes countries, is strongly encouraging organisations and individuals to act on the guidance set out in this advisory – which includes applying updates to internet-connected devices – to help prevent their devices from joining a botnet.” As with similar botnets, the botnet described in this advisory is composed of a network of devices, known as bots, which are infected with a type of malware that provides threat actors with unauthorised remote access. To recruit a new ‘bot’, the botnet system first compromised an internet-connected device using a known vulnerability exploit which then provides access to establish a remote command and control execution. This advisory has been co-sealed by the NCSC and agencies in the United States, Australia, Canada, and New Zealand. Technical Info The botnet uses the Mirai family of malware, designed to hijack IoT devices such as webcams, DVRs, IP cameras, and routers running Linux-based operating systems. The Mirai source code was posted publicly on the Internet in 2016, resulting in other hackers creating their own botnets based on the malware. Sincethat time, various Mirai botnets have been used to conduct DDoS and other malicious activities against victim entities within the United States. The investigated botnet’s customized Mirai malware is a component of a system that automates the compromise of a variety of devices. To recruit a new “bot,” the botnet system first compromises an Internet-connected device using one of a variety of known vulnerability exploits (see Appendix B: Observed CVEs). Post-compromise, the victim device executes a Mirai-based malware payload from a remote server. Once executed, the payload starts processes on the device to establish a connection with a command-andcontrol (C2) server using Transport Layer Security (TLS) on port 443. The processes gather system information from the infected device, including but not limited to the operating system version and processor, memory and bandwidth details to send to the C2 server for enumeration purposes. The malware also makes requests to “c.speedtest.net,” likely to gather additional Internet connection details. Some malware payloads were self-deleting to evade detection. A variety of subdomains of “w8510.com” were linked to the botnet’s C2 servers. As of September 2024, investigators identified over 80 subdomains associated with w8510.com Read the advisory in full Read the full article

[samdrews]

Former UK Chancellor Philip Hammond has been appointed chairman of the crypto custody firm Copper. Hammond joined Copper as a special adviser in October 2021, during which time the company saw its income double and its workforce grow from 50 to over 300 employees.

Copper has formed significant partnerships with major financial institutions, including becoming the infrastructure partner of State Street Digital, recruiting hedge funds, and collaborating with various players in the DeFi sector. Founded in 2018, Copper bridges traditional financial institutions and the cryptocurrency sector, providing risk management services for digital asset investments.

Hammond's appointment reflects a broader trend of conservative figures taking leadership roles in crypto firms. Other notable examples include Lord Vaizey and Jo Johnson, who have served in advisory roles at Binance, although Johnson has since left.

Hammond emphasized the increasing need for a regulated trading infrastructure in the crypto industry, given the growing security and regulatory concerns. He believes that distributed ledger technology is essential for the UK's financial services sector to maintain its global standing post-Brexit.

Hammond noted that certain market segments remain poorly regulated. Copper experienced a surge in demand following the FTX incident, which highlighted the counterparty risk in traditional crypto trading models.

4o

[dmems]

Business Financing in Dubai: Expert Advice from an Arab Business Consultant

Dubai, renowned for its towering skyscrapers and bustling economy, is a hotspot for entrepreneurs and businesses aiming to make their mark in the Middle East. Its strategic location, favorable business policies, and world-class infrastructure make it a prime destination for startups and established enterprises alike. However, securing business financing in Dubai can be complex. To shed light on this topic, we’ve sought insights from an experienced Arab business consultant, Ahmed Al-Fahim.

The Business Landscape in Dubai

Strategic Location and Economic Hub

Dubai’s strategic position as a nexus between East and West offers unparalleled access to global markets. The city’s numerous free zones, such as Dubai International Financial Centre (DIFC) and Jebel Ali Free Zone (JAFZA), provide significant benefits including 100% foreign ownership, tax exemptions, and streamlined customs processes.

Business-Friendly Policies

Dubai’s government has implemented a range of initiatives to create a supportive business environment. The Dubai Plan 2021 aims to make the city a global economic hub by enhancing infrastructure, fostering innovation, and attracting international investment.

Key Financing Options for Businesses in Dubai

Traditional Bank Loans

Traditional bank loans are a common source of financing for businesses in Dubai. Leading banks such as Emirates NBD, Mashreq Bank, and Dubai Islamic Bank offer various loan products tailored to different business needs, from SMEs to large corporations. These loans can be utilized for working capital, expansion, or asset acquisition.

Islamic Financing

Dubai’s status as a global center for Islamic finance provides businesses with access to Sharia-compliant financing options. Instruments such as Murabaha (cost-plus financing), Ijara (leasing), and Mudaraba (profit-sharing) cater to businesses adhering to Islamic principles. Key players in this sector include Dubai Islamic Bank and Abu Dhabi Islamic Bank.

Venture Capital and Private Equity

For startups and high-growth businesses, venture capital and private equity funding are essential. Dubai’s growing ecosystem of venture capital firms and private equity investors is keen on investing in innovative and scalable business ideas. Notable firms include Middle East Venture Partners (MEVP) and Wamda Capital.

Government Grants and Incentives

The Dubai government offers various grants and incentives to support business development. Initiatives like the Mohammed Bin Rashid Innovation Fund provide funding for innovative projects, while Dubai SME offers support programs for small and medium-sized enterprises, including financial assistance and business advisory services.

Expert Insights from Ahmed Al-Fahim

Understanding Cultural Nuances

According to Ahmed Al-Fahim, understanding cultural nuances is crucial for securing financing in Dubai. “In Arab business culture, building strong relationships and trust is fundamental. Personal connections and a solid reputation often influence financing decisions as much as financial metrics.”

Importance of a Solid Business Plan

Al-Fahim emphasizes the importance of a robust business plan. “Investors and financial institutions in Dubai look for well-structured and detailed business plans. Your plan should clearly articulate your business model, market analysis, financial projections, and unique value proposition.”

Leveraging Local Expertise

Engaging local consultants and advisors can significantly enhance your chances of securing financing. “Local experts possess in-depth knowledge of the financial landscape and can provide valuable insights into the best financing options for your specific business needs,” says Al-Fahim.

Networking and Community Engagement

“Participating in local business networks and events can open doors to potential investors and financiers,” advises Al-Fahim. Dubai hosts numerous business forums, trade shows, and networking events that provide opportunities to connect with key stakeholders in the business community.

Conclusion

Securing business financing in Dubai involves a strategic approach that leverages the city’s unique advantages while navigating its complex financial landscape. By understanding the available financing options, building strong relationships, and engaging with local experts, businesses can position themselves for success in this dynamic market. With the right strategies and insights, Dubai offers a wealth of opportunities for growth and innovation.

[indiabizforsale]

Fresh Start vs. Fast Track: Launching Your Business Dream

So you've got the entrepreneurial itch – congratulations! But now comes the big question:  Fresh Start or Fast Track?  There's no one-size-fits-all answer,  but here's a breakdown to help you choose the path that aligns with your goals and resources.

Fresh Start: Building from Scratch

Pros:

Unlimited Potential: You're the architect! Craft a business that perfectly reflects your vision and fills a unique niche.

Perfect Fit: Pursue your passion and build something you're truly invested in for the long haul.

Lower Startup Costs: Often, fresh starts require less upfront investment compared to acquisitions.

Full Control: You call the shots! Make all the decisions and steer your business in the direction you choose.

Sense of Achievement: There's immense satisfaction in building something successful from the ground up.

Cons:

The Long Haul: Success takes time. Be prepared for years of dedication and hard work before reaping significant rewards.

Uncertain Path: There's no guaranteed formula. You'll need to navigate a sea of unknowns and be adaptable.

Wearing Multiple Hats: You'll likely be the marketing whiz, finance guru, and product champion – at least initially.

Financing Challenges: Securing funding for a new venture can be tough. Be prepared for creative solutions.

High Risk of Failure: Statistics are sobering – studies suggest a 90% failure rate for startups within the first few years.

Live Examples of Fresh Starts:

Zomato & Swiggy (India): These food delivery startups revolutionized the way Indians eat, starting from scratch and now dominating the online food ordering market.

Uber (Global): This ride-hailing giant began by disrupting the taxi industry and has since expanded into various mobility services.

Airbnb (Global): This hospitality pioneer challenged the traditional hotel industry by offering unique lodging options through a user-friendly platform.

Fast Track: Taking Over an Existing Business

Pros:

Established Clientele: Inherit a ready-made customer base, saving you valuable time and resources on acquiring new customers.

Proven Track Record: You're buying a business with a history of success, reducing some of the inherent risks of starting fresh.

Reduced Risk: There's less uncertainty with an established business model compared to a completely new venture.

Faster Growth: Leverage the existing infrastructure and customer base to potentially scale up more quickly.

Expertise Acquisition: Gain valuable insights and knowledge from the previous owner(s).

Cons:

Higher Upfront Cost: Acquisitions typically require a larger initial investment compared to starting fresh.

Hidden Liabilities: There could be unforeseen issues like debts or legal entanglements. Careful due diligence is crucial.

Integrating Existing Culture: Merging your vision with the existing company culture can be challenging.

Legacy Issues: The business may be burdened by outdated practices or technologies that require upgrades.

Limited Growth Potential: Established businesses may have a defined market size, potentially limiting your ability to achieve explosive growth.

Live Examples of Fast Track Acquisitions:

Salesforce acquires Slack (2021): This acquisition allowed Salesforce to expand its software solutions into the workplace communication arena.

Facebook acquires Instagram (2012): This strategic move bolstered Facebook's position in the social media landscape by capturing the photo-sharing market.

Microsoft acquires LinkedIn (2016): Microsoft leveraged LinkedIn's established professional network to strengthen its position in the business productivity software market.

Finding Acquisition Opportunities

If the Fast Track approach resonates with you, here are some resources to help you find acquisition opportunities in India:

Merger & Acquisition (M&A) advisory firms: These firms specialize in connecting buyers and sellers of businesses. They can help you identify suitable targets, value businesses, and navigate the acquisition process.

Online marketplaces: Platforms like IndiaBizForSale list businesses for sale by category, location, and industry.

Investment banks: Many investment banks have dedicated M&A teams that can source acquisition opportunities for their clients.

Industry associations: Industry associations often have resources or publications that list businesses for sale within their specific sector.

Choosing Your Path

The ideal path depends on your personal circumstances and goals. Consider the following:

Risk Tolerance: Are you comfortable with the rollercoaster ride of a startup, or do you prefer the relative stability of an established business?

Resources: Do you have the financial backing and industry expertise to launch your own venture, or would you benefit from the existing framework of an acquired business?

Entrepreneurial Drive: Do you crave the freedom to build something entirely new, or are you more focused on profitability and rapid growth?

There's no right or wrong answer. Weigh the pros and cons carefully,  do your research, and choose the path that excites and empowers you to turn your business dream into reality!

Remember:

Fresh Start: Ideal for those with a unique vision, limited resources, and a high tolerance for risk.

Fast Track: A good option for those seeking faster growth, established clientele, and a proven business model, but with the understanding of potentially higher upfront costs and integration challenges.

Embrace the Journey!

No matter which path you choose, the entrepreneurial journey will be filled with challenges and rewards.  Be prepared to adapt, learn, and persevere.  With dedication and a well-defined plan, you can turn your business dream into a reality!

[nickyysharmi]

Poonawalla Fincorp's Evolution: A Remarkable Three-Year Journey Since May 2021

In the spring of 2021, Poonawalla Fincorp embarked on a transformative path, guided by the adept leadership of Abhay Bhutada, MD. Over the following three years, this journey not only reshaped the company's trajectory but also solidified its standing as a formidable player in India's financial sector. Recognizing Bhutada's pivotal role, Adar Poonawalla, the visionary behind the company, credited its success to Bhutada's strategic direction, stating, "Abhay Bhutada spearheaded and was instrumental in successfully transforming the entire company since its acquisition in May 2021."

Built on a Foundation of Excellence: Upholding Asset Quality

Under Bhutada's guidance, Poonawalla Fincorp experienced unparalleled growth, driven by his exceptional leadership, execution skills, and business acumen. At the core of this growth lies the company's unwavering commitment to maintaining robust asset quality. Through meticulous risk management practices and prudent decision-making, Poonawalla Fincorp curated a strong portfolio of assets, ensuring resilience in the face of economic uncertainties. This steadfast dedication earned the company a prestigious CRISIL AAA rating, reaffirming its creditworthiness and financial strength.

Maximizing Returns

Furthermore, Bhutada's focus on innovation and efficiency translated into superior profitability for Poonawalla Fincorp. By fostering a culture of innovation across the organization, Bhutada optimized operational processes, driving profitability and maximizing shareholder value. This sustained profitability not only underscores the company's financial prowess but also its ability to deliver sustainable returns over the long term.

Also Read: Leadership In Action: Amit Shah And Narendra Modi's Impact On Security And Business Environment

Diversification and Innovation

In addition to financial performance, Poonawalla Fincorp expanded and diversified its product portfolio under Bhutada's leadership. Through strategic initiatives and product innovation, the company emerged as a comprehensive financial solutions provider, catering to the diverse needs of its clientele. This diversification strategy bolstered the company's competitiveness and positioned it to seize new growth opportunities in the market.

Innovative Strategies for Market Leadership

Poonawalla Fincorp embraced innovative strategies to solidify its position as a market leader in the financial services sector. Bhutada's forward-thinking approach and proactive measures enabled the company to effectively anticipate market trends and adapt to changing dynamics. Leveraging advanced technology and data analytics, Poonawalla Fincorp streamlined its operations, delivering seamless experiences to customers while enhancing internal efficiency and agility.

Fostering Stronger Relationships

At the heart of Poonawalla Fincorp's success lies its unwavering commitment to customer-centricity. Through tailored financial solutions and personalized advisory services, the company earned a reputation for trust and reliability. Bhutada's emphasis on fostering stronger relationships with clients resulted in enhanced customer loyalty and accolades for exemplary customer service and responsiveness.

Also Read: What Is RBI's 'Balanced' Monetary Policy?

Surpassing AUM Milestones

A significant milestone in Poonawalla Fincorp's journey was the remarkable growth in its Assets Under Management (AUM). Over the past three years, the company's AUM surpassed 21,000 Crores INR, reflecting the trust and confidence customers placed in its offerings and reaffirming its position as a leading player in the financial services sector.

Embracing Responsible Practices

In addition to driving financial performance, Poonawalla Fincorp committed to upholding environmental, social, and governance (ESG) principles. Bhutada's leadership underscored the importance of responsible and sustainable business practices, integrating ESG considerations into decision-making processes and corporate strategy. From promoting financial inclusion to supporting community development initiatives, Poonawalla Fincorp actively contributed to the socio-economic development of the communities it served.

Fueling Innovation and Growth

Another hallmark of Poonawalla Fincorp's journey was its emphasis on collaborative partnerships and strategic alliances. By leveraging the expertise and resources of its partners, the company accelerated its innovation agenda, bringing cutting-edge financial solutions to market and staying ahead of competitors in an increasingly crowded landscape.

Recognition and Strategic Role

The transformative journey of Poonawalla Fincorp under Abhay Bhutada's leadership garnered widespread acclaim within the industry. In recognition of his invaluable contributions, Bhutada was elevated to a Group-level role within the Cyrus Poonawalla Group, overseeing strategic initiatives and spearheading investments and finance while continuing to serve as a Non-Executive Director on the Board of Poonawalla Fincorp Limited.

Also Read: Charting a New Course: Abhay Bhutada's Vision for Cyrus Poonawalla Group

Conclusion

Poonawalla Fincorp's transformative journey under the visionary leadership of Abhay Bhutada has been nothing short of remarkable. As the company charts a visionary path forward, it remains committed to empowering individuals, businesses, and communities through innovative financial solutions and responsible practices. With Abhay Bhutada at the helm, Poonawalla Fincorp is poised to navigate the complexities of the evolving financial landscape, driving sustainable growth, and creating enduring value for all stakeholders.

[prasannareddy]

Wealth Management Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand 2030

Rapid increase in need for alternative investments, emergence of FinTechs (Financial technology), and growing demand for wealth management products & services drive the growth of the global wealth management market. Wealth management provides wide range of offerings such as financial advice management, portfolio, accounting, trading management, performance management, risk & compliance management, reporting, and others. The demand for wealth management is growing exponentially due to several benefits such as helping in eliminating financial stress & creating financial plans primarily for high net worth individuals.

Allied Market Research published a report, titled, “Wealth Management Market By Business Model (Human Advisory, Robo Advisory, and Hybrid Advisory), Provider (FinTech Advisors, Banks, Traditional Wealth Managers, and Others), and End-user Type (Retail and High Net Worth Individuals (HNIs): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global wealth management industry was worth $1.25 trillion in 2020, and is expected to reach $3.43 trillion by 2030, manifesting a CAGR of 10.7% from 2021 to 2030.

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Prime Drivers of Growth

The rapid demand for alternative investments including private equity, commodities, hedge funds, real estate investment trusts (REITs), and intellectual property drives the growth of the global wealth management market. The emergence of FinTechs has disrupted the wealth management industry and benefits offered by wealth management such as reduced or eliminated financial stress & making financial plans, and digitization of offerings are contributing toward the market growth.

On the other hand, strict rules of the government for wealth management companies, lack of pricing transparency, and high fees are a few factors that limit the market growth. Technological advancements and untapped potential of emerging economies are opening doors of opportunities for the market.

Covid-19 Scenario

Owing to the economic slowdown, unpredictability in global financial sectors, and highly volatile economy, the wealth management market is impacted negatively. The demand for wealth management products is reduced. The emergence of FinTechs is visible as wealth managers are increasingly investing in new technologies including robo-advisor, robotic process automation, artificial intelligence (AI), and digital identification (ID) technologies for boosting customer experience. The Human Advisory Business Model will Maintain the Leading Position Throughout the Forecast Period

Based on business model, the human advisory segment held the highest market share in 2020, accounting for more than three-fourths of the global wealth management market, and is anticipated to lead throughout the forecast period. This lead is attributed to the fact that these advisors serve a changing client base in a variety of demographics and offer fluidity in the approach while managing wealth. However, the robo advisory segment is projected to manifest the highest CAGR of 26.4% from 2021 to 2030, owing to easy account setup, comprehensive education, robust goal planning, portfolio management, security features, account services, attentive customer service, and low fees.

The Traditional Wealth Managers Segment to Maintain the Leading Position during the Forecast Period

Based on provider, the traditional wealth manager segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global wealth management market, and is anticipated to maintain its lead position throughout the forecast period. Traditional wealth manager offers convenience and reduces stress towards managing finances of the clients.

The core reason behind hiring a traditional wealth manager is clients’ expectation that the investment may lead to an increase in the net returns. However, the fintech advisors segment is expected to portray the largest CAGR of 16.8% from 2021 to 2030, owing to the efforts of fintech advisors to create a solid business plan and market strategy, advice on regulatory compliance that meets state and federal standards, and help in building credible relationships with banks, customers, and investors.

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North America to Maintain its Dominance by 2030

Based on region, North America held the highest market share in terms of revenue in 2020, accounting for more than half of the global wealth management market, and is expected to maintain its lead by 2030. This is due to the presence of a massive number of high net-worth individuals and increase in number of competitions among banks such as Morgan Stanley, UBS, and Bank of America Corporation to offer the maximum benefits to their clients. However, Asia-Pacific is projected to witness the fastest CAGR of 12.7% during the forecast period, owing to the several high net worth & ultra-high net worth individuals continuing to demand wealth management product lines in the region.

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Leading Market Players

Bank of America Corporation, BNP Paribas, Charles Schwab & Co., Inc., Citigroup Inc., CREDIT SUISSE GROUP AG, Goldman Sachs, JPMorgan Chase & Co., Julius Baer Group, Morgan Stanley, UBS

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[jayanthitbrc]

Global Auditing Services Market Overview – Market Growth Analysis And Key Drivers

The Auditing Services Global Market Report 2023, provides comprehensive information on the auditing services market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Auditing Services Market’s Growth:

The global auditing services market size is expected to grow from $214.59 billion in 2022 to $226.82 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The auditing services market size is expected to reach $275.66 billion in 2027 at a CAGR of 5%.

Get A Free Sample Of The Report (Includes Graphs And Tables):

AI-based auditing solutions are a key trend gaining popularity in the auditing services market. Major companies operating in the auditing services market are integrating artificial intelligence and other digital technologies into auditing services to sustain their position in the market. For instance, in March 2023, Phoenix Technocyber, an India-based company specializing in technology solutions and auditing services, launched the TechOwl GRC GAP Assessment Tool. This IT auditing tool aims to streamline the auditing process, reduce manual effort, and enhance the accuracy and efficiency of IT audits by utilizing artificial intelligence and automation. The tool leverages AI algorithms and machine learning techniques to analyze large volumes of IT data, identify potential risks and vulnerabilities, and provide actionable insights to improve IT security and compliance.

The auditing services market is segmented:

1) By Type: Internal Audit, External Audit, Other Types

2) By Service: Operational Audits, Financial Audits, Advisory and Consulting, Investigation Audit, Other Services

3) By End-Use: Banking, Financial Services and Insurance (BFSI), Government, Manufacturing, Healthcare, Retail And Consumer, Information Technology (IT) And Communications

North America was the largest region in the auditing services market in 2022.

The table of contents in TBRC’s auditing services market report includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

Learn About Us:  The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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