LIP I News & More 🚀

"Morphisec, the world's leading provider of prevention-first cybersecurity software, today announced its recognition as a Sample Vendor in the Gartner Hype Cycle for Endpoint Security, 2023...Sophisticated and undetectable threats including in-memory, fileless and ransomware attacks increasingly bypass traditional security controls and now account for 30 percent of attacks detected in the wild. Recent examples include a new variant of Chaes Malware targeting financial and logistics companies, GuLoader, an advanced threat targeting legal and investment firms in the US and InvalidPrinter, a highly stealthy loader that had zero detection on Virus Total for an extended period...Per the report: 'Automated moving target defense (AMTD) is a set of technologies that combine deception techniques with unpredictable automated changes to an endpoint, its configuration or via memory morphing, software-defined networks, containerization, cryptography or other modifications to runtime el...

  "Terra CO2 Technology, the scalable low-carbon alternative for cement production, announced today that it has entered into a definitive agreement with Asher Materials for an exclusive market license of Terra's first commercial-scale advanced processing facility. Under the agreement, Asher Materials will acquire the plant, based in the Dallas-Fort Worth market, after construction and commissioning are complete...This first plant will be capable of producing up to 240,000 tons per year of Terra's OPUS Supplementary Cementitious Material (SCM), which can substitute up to 40% of Portland cement in common concrete mixes and significantly reduce CO2 and NOX pollution in the cement industry." https://www.prweb.com/releases/terra-co2-technology-announces-first-commercial-scale-plant-to-decarbonize-cement-production-signs-definitive-agreement-with-asher-materials-301924686.html

  "BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced it grew annual recurring revenue by 45% over Q2 2022 and added 19 new customers in the quarter ending June 30, 2023...As of June 30, 2023, BioCatch is processing more than 7 billion user sessions per month, as its technology rapidly scales to meet increased customer demand...Additionally, recent results from BioCatch's 2023 annual customer survey revealed a customer interviewee satisfaction and loyalty score of 71, the highest ever received and one that is considered best in class across all industries." https://www.prnewswire.com/news-releases/biocatch-continues-to-set-new-sales-records-in-2023-301918887.html

  "My next guest on the Fintech One-on-One Podcast is Kevin Coop, the CEO of DailyPay. The team at DailyPay has created the largest Earned Wage Access (EWA) business on the planet where employees of DailyPay customers can get early access to their earned wages whenever they want. This is a huge deal for those people living paycheck to paycheck...'o we save on average, an end user of DailyPay over $1,000 a year in cost avoidance and fees, it’s a big number, because if you think about the types of things that if you didn’t have access to your money, Peter, and you needed to wait until payday, if you have, and there are businesses that are predicated on late fees, including by the way banks, so there’s overdraft fees. So we have a $3 instant fee, versus you’re gonna have a $20 check bouncing fee, or you have a 5% late fee to your landlord'" https://www.fintechnexus.com/kevin-coop-ceo-of-dailypay-on-earned-wage-access/

"Morphisec, the world's leading provider of prevention-first endpoint security software, today released a case study detailing the implementation of Automated Moving Target Defense (AMTD) alongside endpoint protection platforms (EPP) in financial services for advanced in-memory and evasive attack protection...This year the SEC proposed new requirements to address risk due to increasing reliance on connected information systems and 'the risk that a significant cybersecurity incident can simultaneously impact multiple Market Entities causing systemic harm to the U.S. securities markets.'...According to the Chief Information Security Officer at a leading US-based hedge fund— 'If an attacker successfully hacks our workstations, or Bloomberg Terminals, they'd have full access to the firm's critical infrastructure, which would be devastating.'...The CISO views Morphisec as 'the perfect solution for business-critical applications that cannot tolerate downt...