Category: Business

  • MIL-OSI Banking: The new Global Signal Exchange will help fight scams and fraud

    Source: Google

    Scams have a devastating impact on people’s lives, and can cause real-world harm. Keeping people safe from scammers is core to the work of many teams at Google. It’s why we’ve developed world-class systems for detecting and preventing fraud, and block millions of attempted scams every day across our different products and services.

    It’s also why today we’re sharing more information about a new partnership to help fight scams, as well as announcing how Cross-Account Protection is actively protecting 3.2 billion users, since we first announced it earlier this year.

    Global Signal Exchange

    Today we are announcing a new partnership with the Global Anti-Scam Alliance (GASA) and DNS Research Federation (DNSRF) to launch the Global Signal Exchange (GSE). The GSE is a new project with the ambition to be a global clearinghouse for online scams and fraud bad actor signals, with Google becoming its first Founding Member.

    This collaboration leverages the strengths of each partner: GASA’s extensive network of stakeholders, the DNS Research Federation’s robust data platform with already over 40 million signals, and Google’s experience in combating scams and fraud. By joining forces and establishing a centralized platform, GSE aims to improve the exchange of abuse signals, enabling faster identification and disruption of fraudulent activities across various sectors, platforms and services. The goal is to create a user-friendly, efficient solution that operates at an internet-scale, and is accessible to qualifying organizations, with GASA and the DNS Research Federation managing access.

    The GSE seeks to address the complex issue of online fraud and scams signal sharing. We have had a long history of partnering with Priority Flaggers around the world to take in scam signals. In this initial pilot of the data platform, Google was for the first time able to share over 100,000 URLs of bad Shopping merchants and as part of the same test, ingest 1 million scam signals. We’ll start by sharing URLs that we have actioned under our scams policies, and as we gain experience from the pilot, we will look to add data soon from other relevant Google product areas.

    The data engine powering the platform runs on Google Cloud Platform and will allow participants to both share and consume signals gathered by others while benefiting from Google Cloud Platform’s AI capabilities to find patterns and match signals smartly.

    As part of this announcement, Google is supporting the DNS Research Federation and GASA with new funding to launch the GSE. We have also developed a partnership enabling the sending and receiving of signals related to scam and fraud activities across relevant and in-scope products and services related to online scams and fraud.

    We know from experience that fighting scams and the criminal organizations behind them requires strong collaboration among industry, businesses, civil society and governments to combat bad actors and protect users. We’re committed to doing our part to protect users, including through our continued work developing tools, publishing research, and sharing expertise and information with others to protect people online.

    Cross-Account Protection

    In May, we announced Cross-Account Protection, a tool which enables ongoing cooperation between platforms in the fight against abuse. Today we’re sharing that Cross-Account Protection is actively protecting 3.2 billion users across sites and apps where they sign in with their Google Account. This helps support our commitment to keeping you safe on Google platforms — and beyond.

    Cross-Account Protection is free and automatically available when sites and apps integrate Sign in with Google, allowing Google to share security notifications — in a privacy-preserving way — about suspicious events with the apps and services you’ve connected to your Google Account. Collaboration is critical to protect people across the internet, and that’s why we’re proud to be partnering with your favorite sites and apps on Cross-Account Protection, including Canva, Electronic Arts and Indeed. In turn, third-party apps and services can use Google’s suspicious event detection to help keep you safer online and prevent cybercriminals from gaining and maintaining a foothold across your many online accounts.

    MIL OSI Global Banks

  • MIL-OSI Economics: Participants Discuss “Digital Drilling Engineering” at DEC Q3 Tech Forum

    Source: International Association of Drilling Contractors – IADC

    Headline: Participants Discuss “Digital Drilling Engineering” at DEC Q3 Tech Forum

    On 12 September, the IADC Drilling Engineers Committee (DEC) Q3 Tech Forum brought together industry experts to discuss digital drilling engineering. This forward-thinking hybrid event focused on:

    • Digitizing the execution of the well plan
    • Enhancing communication and coordination among multiple third-party stakeholders
    • Implementing digital solutions to optimize drilling efficiency and minimize overall well costs

    Thank you to everyone who participated, and special thanks to NOV for hosting!

    As digital systems increase the amount of centralized and structured data coming from drilling operations, companies are emphasizing the importance of data-driven decision making in enhancing efficiencies and reducing risk. One way to enable better data-driven decisions is by digitalizing the experiences that personnel have in the field, creating platforms that can categorize the various learnings and risks they face in executing various procedures.

    In this interview with DC taken at the IADC DEC’s Q3 2024 Tech Forum, Amir Galaby, Business Manager at Stimline, discusses a cloud-based tool the company developed to help capture and leverage learnings from every step of the well construction process. Among other things, Mr. Galaby also explains how the tool reduces the time spent on manual data search and information gathering.

    MIL OSI Economics

  • MIL-OSI Economics: IADC Endorses ADIPEC 2024 as a Media Partner and Supporting Association

    Source: International Association of Drilling Contractors – IADC

    Headline: IADC Endorses ADIPEC 2024 as a Media Partner and Supporting Association

    IADC and Drilling Contractor magazine are proud to be a supporting association and media partner of ADIPEC 2024, a premier event for the energy industry. The event will take place in Abu Dhabi from 4-7 November, exploring the power of energy in accelerating an economy-wide transformation that delivers for people, the planet, and our collective prosperity. Building on 40 years of energy leadership, ADIPEC 2024 unites communities, nations, and industries worldwide, driving collaborative industry action towards affordable, secure, and sustainable energy for all.

    Representatives of IADC and Drilling Contractor (DC) will be in attendance. This event provides an opportunity for IADC to network with many professionals representing global companies in the energy industry. During the conference, team members will connect and catch up with Member companies in the region, attend technical sessions, and gather the most up-to-date information to share with IADC Members and DC readership. 

    This event encompasses both technical and strategic conferences. Over four transformative days, ADIPEC will facilitate critical dialogue and collaboration across diverse sectors – from energy, technology, and finance to maritime, logistics, manufacturing, and transport – essential for advancing the energy transition and fast-tracking climate action. 

    We’re looking forward to attending ADIPEC 2024 in November and are pleased to continue supporting this conference. 

    MIL OSI Economics

  • MIL-OSI Canada: Government of Canada commits to purchase carbon dioxide removal services to green government operations and achieve net-zero emissions

    Source: Government of Canada News (2)

    News release

    October 9, 2024 – Ottawa, Ontario – Treasury Board of Canada Secretariat

    Today at the Carbon Removal Canada’s “Procuring with Purpose: Canada’s Opportunity to Shape the Carbon Removal Market” report launch event, the Honourable Anita Anand, President of the Treasury Board and Minister of Transport, announced the Government of Canada’s commitment to purchase carbon dioxide removal (CDR) services as part of the Greening Government Strategy. The federal government will purchase at least $10 million in carbon removal services between now and 2030 to help reach its goal of net-zero emissions in Government operations by 2050.

    The Greening Government Strategy commits the federal government to reducing its operational emissions to as close to zero as possible and then balance out any remaining emissions with an equivalent amount of carbon dioxide removal. To redouble these efforts, Minister Anand also announced the Government’s intention to work with public and private leaders to advance the development and responsible deployment of carbon dioxide removal solutions in Canada.

    This investment will enable the Government to lower its emissions, while supporting the development of these critical technologies and markets so they are available when we need them the most.

    With climate change being one of the greatest global challenges of our time, the Government of Canada is leading by example by reducing greenhouse gas emissions and fostering a low-carbon, climate-resilient and clean-growth economy.

    Quotes

    “Today, we are taking another step to demonstrate our government’s leadership in greening Government operations and fighting climate change. In addition to lowering our emissions, we are adopting carbon removal solutions to ensure we reach our goal to be net-zero emissions by 2050. By working together and innovating, we are building a greener, cleaner future for all generations.”

    –        The Honourable Anita Anand, President of the Treasury Board and Minister of Transport

    Quick facts

    • Carbon dioxide removal refers to human activities that remove carbon dioxide from the atmosphere (for example, direct air capture, enhanced carbon mineralization) and durably store it in natural reservoirs or in products. 

    • The Greening Government Strategy, under the responsibility of the Centre for Greening Government at Treasury Board Secretariat is a set of commitments that apply to all core government departments, agencies and Crown corporations, and support the Government of Canada’s commitment for net-zero emissions by 2050.

    • The purchases in carbon removal services will be made through TBS’ Low-Carbon Fuel Procurement Program (LCFPP), an eight-year, $134.9 million initiative to reduce emissions from federal air and marine operations. This investment follows the Budget 2024 decision to expand the LCFPP to include the procurement of carbon dioxide removal services in addition to low-carbon intensity fuels.  

    • Through the LCFPP, the Government of Canada will work with public and private sector leaders to use their purchasing power to advance the development and responsible deployment of CDR solutions in Canada.

    • As stated in Canada’s Carbon Management Strategy, Canada needs to scale up solutions that permanently remove emissions from the atmosphere, since some residual emissions are likely to remain despite aggressive mitigation efforts, including in agriculture, aviation, and shipping. The removal of CO2 from the atmosphere is also the only way to directly address historical emissions, which have accumulated in the atmosphere over centuries of industrial activity and continue to contribute to global temperature rise.

    Associated links

    Contacts

    Myah Tomasi
    Press Secretary
    Office of the President of the Treasury Board
    myah.tomasi@tbs-sct.gc.ca
    343-543-7210

    Media Relations
    Treasury Board of Canada Secretariat
    Telephone: 613-369-9400
    Toll-free: 1-855-TBS-9-SCT (1-855-827-9728)
    Email: media@tbs-sct.gc.ca

    Stay connected
    X: @TBS_Canada
    Facebook: https://www.facebook.com/TBSCanada
    LinkedIn: https://www.linkedin.com/company/tbs-sct/

    MIL OSI Canada News

  • MIL-OSI: Warrick Beckett Announces Record-Breaking Profits on its AI-Powered Crypto Trading Platform

    Source: GlobeNewswire (MIL-OSI)

    Kent, UK, Oct. 09, 2024 (GLOBE NEWSWIRE) — Warrick Beckett, a leading force in the fintech space, is proud to announce that its cutting-edge AI-powered crypto trading platform has achieved record-breaking profits for its clients, solidifying its position as a global leader in the crypto trading industry. With unmatched accuracy, advanced predictive algorithms, and state-of-the-art machine learning capabilities, Warrick Beckett’s platform is redefining the way investors engage with the volatile crypto markets.

    Record-Breaking Success for Clients

    In a financial climate marked by uncertainty and rapid changes in cryptocurrency values, Warrick Beckett’s AI-driven platform has consistently provided users with reliable market insights and impressive returns. Over the past quarter, clients have reported unprecedented profit margins, with the platform delivering optimal trade signals that significantly outperform traditional methods. The success of Warrick Beckett‘s AI-powered solution represents a leap forward for both institutional and retail traders looking to capitalize on the rapidly evolving crypto market.

    Innovative AI Technology Sets Warrick Beckett Apart

    At the heart of Warrick Beckett’s success is its innovative AI technology, which continuously analyzes vast amounts of data from across the globe in real time. The platform processes historical trends, market patterns, and global economic events to predict the most advantageous entry and exit points for traders. This AI-powered approach provides an edge that human traders simply cannot match, allowing users to make data-driven decisions that maximize profits while minimizing risk.

    “Cryptocurrency markets are notoriously volatile, but our AI has been designed to adapt and thrive in this environment,” said the CEO of Warrick Beckett. “Our clients trust us because we deliver results. By harnessing the power of artificial intelligence, we provide traders with a tool that enables them to stay ahead of market trends and seize profit opportunities that were previously unreachable.”

    Empowering Traders of All Levels

    Warrick Beckett’s platform is designed to be accessible to traders of all experience levels. Whether a seasoned professional or someone entering the crypto trading space for the first time, the platform provides easy-to-understand insights, clear trading signals, and an intuitive user interface. This accessibility, combined with the proven track record of AI success, is why Warrick Beckett is becoming the go-to choice for anyone looking to enter the elite world of cryptocurrency trading.

    “Our mission has always been to make cryptocurrency trading accessible to everyone while giving our users the best possible tools for success,” the CEO added. “The results speak for themselves—our AI has opened doors for our clients to achieve record-breaking profits in an unpredictable market.”

    Staying Ahead in a Rapidly Changing Market

    As the crypto market continues to evolve, Warrick Beckett remains committed to staying on the cutting edge of technology and innovation. The platform is regularly updated with the latest advancements in AI and machine learning to ensure clients are always one step ahead. By continuously improving its algorithms and incorporating new market data, Warrick Beckett’s platform remains a critical asset for traders looking to capitalize on emerging opportunities.

    “Our AI’s ability to learn and adapt to market conditions is what sets us apart from the competition,” explained the CEO. “We don’t just react to changes—we anticipate them. Our clients can trade confidently, knowing they have a system that not only understands current trends but also predicts what’s coming next.”

    Warrick Beckett’s Call to Action

    With its AI-powered platform driving record profits, Warrick Beckett is calling on traders, both novice and experienced, to join the crypto elite. The future of cryptocurrency trading lies in the seamless integration of AI technology, and Warrick Beckett is leading the charge. Traders who want to maximize their earning potential while leveraging cutting-edge tools are encouraged to sign up and start trading today.

    As the financial world embraces the digital economy, there has never been a better time to harness the power of artificial intelligence to optimize cryptocurrency trading strategies. Warrick Beckett’s AI-powered platform has proven itself as a game-changer, and traders worldwide are already reaping the rewards.

    Start Trading with Warrick Beckett Today

    Don’t miss the opportunity to join the ranks of traders benefiting from Warrick Beckett’s revolutionary platform. With record-breaking profits and industry-leading technology, the path to financial success has never been clearer. Visit Warrick Beckett to learn more and start your journey toward becoming a member of the crypto elite. The future of trading is here—are you ready to seize it?

    The MIL Network

  • MIL-OSI Banking: Coming Soon: Putting a Lid on Public Debt

    Source: International Monetary Fund

    COMING SOON

    Launch of the October 2024 Fiscal Monitor

    As the global economy faces increasing fiscal challenges, multilateral surveillance of fiscal developments has become an important part of the IMF’s surveillance responsibilities. The Fiscal Monitor series provides an overview of latest public finance developments, updates the medium-term fiscal outlook, and assesses fiscal implications of policies relevant to the global economy.

    RELEASE DATES
    • TUESDAY, OCTOBER 15 @ 12 AM ET: Chapter 1:  Putting a Lid on Public Debt
    • WEDNESDAY, OCTOBER 23 @ 9:00 AM ET: Press Briefing, Full Report & MSA APPENDIX

    The chapter will be available for download on this page starting October 15. Stay tuned for updates!

    MIL OSI Global Banks

  • MIL-OSI Video: AUSA 2024 Opening Ceremony Livestream

    Source: US Army (video statements)

    About the U.S. Army:
    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: https://www.goarmy.com/?iom=BNL7-22-0029_N_OSOC_OCPA_AL_ocpagen_xx_xx

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    Twitter: https://twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    Flickr: https://www.flickr.com/photos/soldiersmediacenter

    #USArmy

    https://www.youtube.com/watch?v=bwVdrvyKnfM

    MIL OSI Video

  • MIL-OSI Banking: Coming Soon: World Economic Outlook, October 2024

    Source: International Monetary Fund

    COMING SOON

    Launch of the October 2024 World Economic Outlook

    The World Economic Outlook (WEO) is a survey of prospects and policies by the IMF staff, usually published twice a year, with updates in between. It presents analyses and projections of the world economy in the near and medium term, which are integral elements of the IMF’s surveillance of economic developments and policies in its member countries and of the global economic system.

    RELEASE DATES
    • WEDNESDAY, OCTOBER 16, 9 AM ET: Chapter 2: The Great Tightening: Insights from the Recent Inflation Episode
    • WEDNESDAY, OCTOBER 16, 11 AM ET: Chapter 3: Understanding the Social Acceptability of Structural Reforms
    • TUESDAY, OCTOBER 22, 9:00 AM ET: Press Briefing: World Economic Outlook

    The chapters will be available for download on this page starting on October 16. Stay tuned for updates!

    MIL OSI Global Banks

  • MIL-OSI Economics: How AI is poised to transform air travel, from reservations and check-in to baggage handling

    Source: Microsoft

    Headline: How AI is poised to transform air travel, from reservations and check-in to baggage handling

    Introducing a new industry reference architecture for airlines and airports

    The aviation industry is entering a new era: airlines and airports worldwide are on the brink of transformation, driven by the power of generative AI. This powerful technology is creating new value at every stage of the aviation ecosystem, revolutionizing the way we fly and operate. From personalized travel offers to instant responses for customer service requests, AI is enhancing every step of your journey, making travel smoother and more personalized than ever before.

    Generative AI is also transforming the core operations of airlines and airports. Research shows that up to 35% of flight delays can be reduced through AI-powered decision-making—saving time, reducing stress, and increasing safety for both travelers and staff.1

    AI is also reshaping the workforce. With streamlined tasks and smarter tools, staff can dedicate more time to enhancing the passenger experience—both on the ground and in the air. AI-powered personalization can increase revenue per passenger by 10 to 15%. At the same time, intelligent AI chatbots can reduce customer service costs by up to 30%, creating significant value for both airlines and airports.2

    This is the future of aviation. AI is not just a tool—it’s a revolution, creating value across the entire industry. Microsoft has developed a new industry reference architecture enabling AI for a seamless traveler journey, efficient airline operations, and enhanced airport operations. 

    Create connected mobility experiences with AI-powered solutions >

    Seamless traveler journey

    The experience begins the moment a traveler considers a trip. They can interact with an AI-powered mobile app to explore options, book flights, and receive personalized recommendations. Throughout their journey, the app serves as a digital assistant, providing real-time updates on flight status, gate changes, and the weather at the destination. At the airport, travelers can navigate through a touchless experience, from check-in to security, using biometric identification and e-boarding passes on their mobile devices. The app continues to assist by guiding them to their gate, offering lounge access, and updating any travel alerts.

    Once on board, the digital assistant ensures a comfortable experience by allowing travelers to control in-flight entertainment, order food and items from the onboard shop, and adjust seating preferences through their mobile device. The journey concludes with the app facilitating a smooth arrival process, including customs and baggage claim guidance, and arranging for ground transportation. Throughout this journey, AI and machine learning algorithms work behind the scenes to anticipate needs, offer timely assistance, and personalize the travel experience.

    Air India passengers, for example, now get answers to all their questions from planning to arrival at their fingertips. Their AI.g virtual assistant, powered by Microsoft AI services, quickly proposes a travel itinerary for passengers, finds answers about check-in options and flight status, recommends the best food options, finds the next business lounge or helps with lost luggage. Another example is Saudia Airlines. The flag carrier of Saudi Arabia developed an AI-powered travel companion for their passengers using Microsoft technology to enable travel-related services like: planning and booking, refund management, and exploring new destinations.

    Efficient airline operations

    AI working on data platforms enhances efficiency and customer experience across various segments of the airline value chain.

    • In aircraft handling, AI-powered predictive maintenance can forecast potential issues before they occur, minimizing downtime and ensuring timely operations. Ground support equipment can be optimized using AI algorithms to streamline processes and reduce delays.
    • In ground operations, AI can manage complex logistics, from baggage handling to fuel management, by analyzing vast amounts of data to optimize workflows and resource allocation. This leads to smoother operations and can significantly reduce turnaround times for aircraft.
    • Flight operations benefit from AI through advanced analytics that can assist in route planning, weather forecasting, and fuel consumption optimization. By leveraging historical data and real-time inputs, AI can provide pilots and flight planners with insights that lead to safer and more cost-effective flights.
    • For marketing and sales, AI enables personalized customer experiences by analyzing customer data to tailor offerings and promotions. This can lead to increased customer loyalty and revenue as airlines can offer the right product to the right customer at the right time.
    • In customer support, AI-powered chatbots and virtual assistants provide around the clock support, handling inquiries and resolving issues promptly. This not only improves customer satisfaction but also frees up human agents to deal with more complex queries, enhancing overall service quality.

    Lufthansa, for example, developed the one data platform built on Microsoft Azure to provide self-service applications and leverage cognitive AI services like image and speech recognition.

    “Leveraging Microsoft Azure’s robust cloud capabilities, we’ve transformed Lufthansa’s operations with a unified data platform. This innovation empowers us to optimize every aspect of our service, from ground operations to in-flight experiences, ensuring punctuality and safety across our global network—continuing to use AI will help us advance to the level.”

    Ganesh Swaminathan, Head of Platforms, Lufthansa Group Digital Hangar

    American Airlines, the world’s largest airline, is using Azure as its preferred cloud platform. Their team members now use the ConnectMe app for the latest crew information while the airline is using AI to reduce taxi time and turn times at gates.

    Microsoft AI

    Enhanced airport operations

    Generative AI and data platforms also play a pivotal role in enhancing airport operations, catering to the needs of tens of thousands of passengers daily. Airports can optimize their critical infrastructure management, such as energy, water, and climate control. The integration of AI into security and emergency services significantly enhances their capabilities, providing a safer and more secure environment for travelers. Connected transportation systems such as buses and trains benefit from predictive analytics and real-time data processing capabilities, leading to improved scheduling and passenger flow management.

    In the realm of commerce, which encompasses retail stores and restaurants within the airport, generative AI and data platforms offer valuable insights into consumer behavior, enabling businesses to tailor their services and inventory to meet the dynamic needs of passengers.

    The logistics and supply chains for cargo, fuel, and baggage are also transformed by these technologies, with AI-powered systems facilitating better tracking, forecasting, and management of resources. This results in a more streamlined and cost-effective operation, reducing delays and enhancing the overall passenger experience. Fraport has introduced FraportGPT, an example of an employee-facing app powered by Microsoft Azure OpenAI Service to streamline internal processes.

    “Fraport’s company GPT app, powered by Generative AI, has been a resounding success, swiftly adopted by our team. It’s not just streamlined our processes; it’s accelerated skill acquisition, empowering our employees to master new competencies with unprecedented speed.”

    Christian Wrobel, Chief Data Architect, Fraport AG

    Together with Microsoft, Miami International Airport (MIA) has developed a centralized data hub environment, known as the Common Data Environment (CDE), to store, manage, and share business data, apps, and business process flows. This is crucial for breaking down data silos and ensuring data accessibility for analysis and helps unlocking additional value from generative AI.

    “By integrating various data sources, including on-premises, cloud, and edge environments, we provide a unified and scalable platform for data management. This is the basis, and together with our partner Microsoft we will now be able to leverage advanced technologies such as AI, machine learning, and IoT to gain insights, make data-driven decisions, and drive innovation.”

    Maurice Jenkins, Chief Innovation Officer, Miami International Airport

    The overarching reference architecture and partners

    Our common architecture for airports and airlines is built among core elements with the ultimate goal to create AI-enhanced experiences for everyone, from passengers to ground personnel: the creation of user-facing applications, data storage and analytics, and data ingestion and integration of existing data systems.

    The AI-enhanced experiences are tailored to each user group.

    • For passengers, it is all about a smooth journey from origin to destination, with plenty of time to enjoy travel with retail, entertainment, and restaurant offers.
    • Ground staff and customer service focus on making the passenger experience smooth, even when something goes wrong.
    • Pilots and crew members require support for coordination, communication, and the reduction of their management overload.
    • For technicians, it is about knowing where to go next, reducing cognitive workload for maintenance and repair tasks, and automating documentation.
    • Terminal managers require support to manage traffic, ensure security, and provide travel comfort.
    • For airside operators, it is about managing baggage, refueling, and safety.

    Different user groups require different backend applications and data sources. The user-facing applications layer describes some of the common front-end experiences that can be built using Microsoft services.

    • End users require mobile and web applications built using services such as Azure API Management, Azure App Service and Azure Functions. Developers create AI-powered user experiences leveraging services such as Azure OpenAI Service. These applications can be deployed in Azure tenants and can scale to millions of users.
    • Business users leverage Dynamics 365 (Customer Service, Finance, Project Operations, and Customer Insights) to manage business operations, such as claims, promotions, and ticketing. Dynamics 365 has built-in custom agents for many common business use cases such as customer service, sales, finance, field service, and customer insights.
    • Front line workers are fully integrated in the business with customized workflows and automated operations with custom AI, tailored to their needs and the ergonomics of their workplaces—wherever fixed terminals, mobile devices, or augmented reality. Microsoft Copilot Studio facilitates the creation of custom AI agents to support their work. Power Apps enables the creation of custom user interfaces, while Power Automate enables the creation of business workflows.
    • With Microsoft 365 Copilot, employees can collaborate and communicate using Microsoft products such as Microsoft Teams, SharePoint, and Outlook.

    The operation of airports and airlines generates large amounts of data. The data storage and analytics layer describes how to securely store business data to support operations and create insights.

    • Microsoft Dataverse is a scalable data platform that securely stores and manage business data. The data model is a structure framework that organizes data in tables with relationships. It is possible to use industry models to harmonize and integrate business data across multiple applications.
    • Microsoft Fabric is an end-to-end data and analytics platform that includes real-time analytics capabilities. OneLake is a unified logical data lake that centralizes and simplifies data management, with multiple analytical engines and workspaces. Fabric enables organizations to process and analyze data for timely insights and decision making.

    Airports and airlines are established businesses. It is important to integrate existing data systems, such as connected assets as well as existing systems. Messaging services on Azure enables connectivity to assets and devices using standardized communication protocols such as Message Queuing Telemetry Transport (MQTT) with Azure Event Grid, or data streams like Apache Kafka using Azure Event Hubs. Serverless solutions like Azure Functions provide compute to process messages.

    We’re also proud to collaborate with leading partners driving innovation in aviation.

    • Amadeus and Microsoft have formed a global strategic partnership that harnesses cloud technology to innovate and explore new products and solutions and create smoother travel experiences.
    • SAP deployments on Azure provide robust cloud solutions tailored to customer needs.
    • Our partnership with SITA, and their SITA Mission Control solution, helps duty personnel anticipate and respond to real-time changes during flight operations.
    • We also integrate independent software vendors (ISVs), such as SmartKargo, PROS, and Satavia, to contribute to a smarter, more connected aviation ecosystem.

    Creating frontline worker experiences

    Frontline worker experiences are highly customized to the task and require constant adaptation. The power of low-code platforms like Power Apps and Copilot Studio significantly reduce the time to value, allowing for rapid development and deployment of tailored solutions. These platforms enable the integration of multiple data sources, such as location-based services, logistical information from Dynamics 365, and documentation search. Additionally, task support is enhanced through the use of knowledge graphs and manuals, while collaboration and information regarding connected assets are seamlessly incorporated.

    Overcoming the challenges of using AI in aviation

    While the potential of AI in aviation is immense, there are key challenges: defining the most valuable AI use cases, setting up cloud infrastructure, organizing the data estate, and minimizing costs during development, testing, and deployment phases.

    Microsoft addresses the challenges of AI in aviation by working closely with partners, establishing a framework for responsible and trusted AI principles, and leveraging its comprehensive suite of tools and services. It helps define valuable AI use cases through collaborative workshops and industry-specific solutions. Azure provides scalable cloud infrastructure, while Microsoft Dataverse and OneLake streamline data management. Cost efficiency is achieved through optimized development, testing, and deployment processes. Additionally, Microsoft provides extensive training programs to equip employees with necessary AI skills and collaborates with regulatory bodies to ensure compliance with legal frameworks governing AI usage.

    Moving forward with generative AI in aviation

    Taking advantage of generative AI requires a pragmatic approach, where existing solutions are combined with new capabilities and partner solutions. Correctly identifying the use cases with the highest priority and impact is critical for success.

    Visit Microsoft for travel and transportation or contact our team to learn more and take the next step in your AI journey.

    “We’re excited to introduce our new reference architecture for the aviation industry, built on Azure’s cloud capabilities and advanced AI tools. What truly makes this effort stand out is our collaboration with leading aviation partners. Together with our partners, we’re shaping the future of the aviation industry.”

    Julie Shainock, Managing Director Travel & Transportation Industry, Microsoft

    “Microsoft’s Industry Solutions team is ready to help you deliver and implement AI-driven solutions across your organization: From a first [proof of concept] POC to full-scale rollouts, we are dedicated to providing the expertise you need to ensure a smooth and successful deployment.”

    Eric Chaniot, General Manager of AI Industry Solutions, Microsoft

    “At Microsoft Cloud for Industries, we are committed to empowering our partners with proven patterns and comprehensive enablement resources. By leveraging our industry-specific solutions and collaborative approach, we help partners accelerate innovation, streamline operations, and deliver exceptional value so that their customers can achieve more.”

    Monica Ugwi, General Manager Cloud for Industries, Manufacturing & Mobility, Microsoft


    1Worldmetrics: AI in the Airline Industry, 2024.

    2The economic potential of generative AI, McKinsey & Co., 2023.

    MIL OSI Economics

  • MIL-OSI Security: Beaver Bank — RCMP charges man following attempted arson in Beaver Bank

    Source: Royal Canadian Mounted Police

    RCMP Halifax Regional Detachment has charged a man with multiple offences following an arson attempt in Beaver Bank.

    On October 3, at approximately 12:15 p.m., RCMP Halifax Regional Detachment responded to a report of attempted arson on Sherri Ln. RCMP officers learned that a man had thrown a light incendiary device in proximity of a home. The fire did not damage the residence.

    With the help of the public, investigators identified Shawn Michael Deschenes, 51, of Beaver Bank, as the person responsible for the incident. Deschenes and the occupants of the home are known to each other.

    On October 7, at the request of investigators, Deschenes attended the Lower Sackville RCMP detachment where he was safely arrested. Later that day, RCMP officers executed a search warrant at his residence, seized a cell phone and observed evidence of flammable material.

    Deschenes has been charged with:

    • Arson
    • Possession of Incendiary Material
    • Possession of a Weapon for a Dangerous Purpose

    He appeared in Dartmouth Provincial Court and was remanded into custody. He will return in court today.

    The investigation remains ongoing.

    File # 24-135801

    MIL Security OSI

  • MIL-OSI Security: Connecticut Real Estate Agent Sentenced to Prison for Defrauding Clients in Long Running Short Sale Fraud Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    BOSTON – A real estate agent was sentenced today in federal court in Boston in connection with a multi-year scheme to defraud his clients by engaging in fraudulent short sales of government and bank-owned properties to straw buyers acting at the direction of the defendant and a co-conspirator.

    Sheldon Haag, 34, of Glastonbury, Conn. was sentenced by U.S. District Court Judge Leo T. Sorokin to one year and one day in prison and two years of supervised release. Haag was also ordered to forfeit $277,331 and to pay restitution in an amount to be determined at a later date. In June2023, Haag pleaded guilty to one count of conspiracy to commit wire fraud.

    Haag and another real estate agent, James Macchio, used straw buyers to acquire properties owned by the clients of a brokerage where they worked, which included banks, federal agencies, bankruptcy trustees and other mortgage holders. The straw buyers included a shell company set up by a co-conspirator as a purported construction company. Haag and his co-conspirators hid their involvement as the de facto buyers of short sale properties from their clients, the owners of the properties, and used their inside knowledge as the owner’s broker to minimize sale prices in order to maximize their gain from later “flipping” the properties.

    While perpetrating the “flipping scheme,” Haag and his co-conspirators further defrauded clients by submitting fraudulent renovation bids from contractors to their own clients, including from the fake construction company they controlled through a co-conspirator. Once their clients accepted a fraudulent bid, Haag and his co-conspirators would hire different contractors at much lower cost and pocket the difference between the fraudulent bid and the actual cost of property repairs.

    Macchio pleaded guilty in May 2024 and is scheduled to be sentenced on Nov. 19, 2024.

    Acting United States Attorney Joshua S. Levy; Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Harry Chavis, Jr., Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office; and Christopher Algieri, Special Agent in Charge of the U.S. Department of Veterans Affairs, Office of Inspector General, Northeast Field Office made the announcement today. The United States Department of Housing and Urban Development provided valuable assistance. Assistant U.S. Attorney Kriss Basil of the Securities, Financial & Cyber Fraud Unit prosecuted the case.

    MIL Security OSI

  • MIL-OSI USA: SBA Disaster Assistance Available to the San Carlos Apache Tribe Private Nonprofit Organizations

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Low-interest federal disaster loans are now available to certain private nonprofit organizations in the San Carlos Apache Tribe following President Biden’s federal disaster declaration for Public Assistance as a result of the Watch Fire that occurred from July 10-17, announced Administrator Isabella Casillas Guzman of the U.S. Small Business Administration. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.

    “Private nonprofit organizations should contact the San Carlos Apache Tribe by calling (928) 475-1600 or visiting https://www.scat-nsn.gov to obtain information about applicant briefings,” said Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “At the briefings, private nonprofit representatives will need to provide information about their organization,” continued Sánchez. The Federal Emergency Management Agency will use that information to determine if the private nonprofit provides an “essential governmental service” and is a “critical facility” as defined by law. FEMA may provide the private nonprofit with a Public Assistance grant for their eligible costs. SBA encourages all private nonprofit organizations to apply with SBA for disaster loan assistance.

    SBA may lend private nonprofits up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

    For certain private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help with meeting working capital needs caused by the disaster. Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the nonprofit suffered any property damage.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” Sánchez added. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

    The interest rate is 3.25 percent with terms up to 30 years. The deadline to apply for property damage is Dec. 3, 2024. The deadline to apply for economic injury is July 7, 2025.

    Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    ###

    About the U.S. Small Business Administration
    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.

    MIL OSI USA News

  • MIL-OSI Canada: Manitoba Government Introduces Legislation That Would Make it Harder to Purchase Machetes and Other Long-Blade Weapons

    Source: Government of Canada regional news

    Manitoba Government Introduces Legislation That Would Make it Harder to Purchase Machetes and Other Long-Blade Weapons

    – – –
    Proposed Legislation Aims to Improve Public Safety by Regulating Retail Sale of Machetes, Knives, Swords: Wiebe


    The Manitoba government is introducing legislation that would regulate the retail sale of long-bladed weapons, including machetes, knives and swords, Justice Minister Matt Wiebe announced today. 

    “Our government is committed to getting tough on crime and this new legislation would help keep our communities safer by restricting access to weapons such as machetes, knives and swords,” said Wiebe. “We’ve heard loud and clear: the purchase of these weapons needs to be restricted. We’re pleased to be moving forward to take real action to make our streets safer.” 

    Bill 39, the long-bladed weapon control act, aims to limit the supply of long-bladed weapons to individuals with dangerous intentions by:

    • requiring retailers to securely store long-bladed weapons in a way that prevents the public from accessing them without assistance;
    • prohibiting the retail sale of long-bladed weapons to minors under 18;
    • requiring purchasers to provide photo identification; and
    • requiring retailers to retain records, including purchaser information and transaction details, for a minimum of two years.

    “Manitoba has seen significant success in deterring crime through regulating the retail sale of products targeted for criminal purposes,” said Wiebe. “Access controls, age restrictions and identification and record-keeping requirements have proven effective at combatting crime. Our government is expanding this approach to address long-bladed weapon violence in the province.” 

    The bill defines long-bladed weapons as having a metal blade at least 30 centimetres in length. The minister noted the definition could be expanded through regulation to include certain features or characteristics, in response to emerging community safety needs. 

    “Ensuring the safety and well-being of our AMC member nations is paramount. I want to recognize and applaud the efforts of the minister of justice to address the concerns put forth by First Nations leadership with this long blade weapons control act,” said Acting Grand Chief Betsy Kennedy, Assembly of Manitoba Chiefs (AMC). “The AMC looks forward to continue being a part of this conversation and to work with Manitoba to draft a regulatory framework that prioritizes the protection of First Nation citizens in Manitoba.”

    The legislation would also apply to online retailers shipping long-bladed weapons to Manitoba addresses, added Wiebe.

    “The Manitoba Association of Chiefs of Police strongly supports provincial legislation that restricts the purchase of long-bladed machetes or knives by those who are acquiring with the intent to use for an unlawful or violent purpose,” said Scot Halley, president, Manitoba Association of Chiefs of Police. “Edged weapon and machete attacks have dramatically increased in the last number of years, the consequences of which can cause significant life-altering injuries or sometimes be fatal. This legislation is another tool to assist law enforcement in keeping these weapons out of the hands of the gang and criminal elements.” 

    If passed through the legislature, the bill would take effect on proclamation and be accompanied by regulations that would include additional long-bladed weapon features and characteristics, as well as exemptions where necessary, noted Wiebe. The minister added the province plans to consult retail businesses, law enforcement and Indigenous leadership to develop the regulations in the coming months. 

    – 30 –

    MIL OSI Canada News

  • MIL-OSI USA: SEC Charges “Magic Mushroom” Company and Two Individuals with Multimillion Dollar Pump-and-Dump Scheme

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today charged Minerco Inc. (former over-the-counter ticker: MINE), Bobby Shumake Japhia, and Julius Makiri Jenge, for their roles in an alleged pump-and-dump scheme that defrauded investors out of approximately $8 million while generating millions of dollars in ill-gotten proceeds from sales of Minerco stock.

    According to the SEC’s complaint, in the fall of 2019, Shumake, who was formerly known as Robert Samuel Shumake, Jr., secretly gained control of a large stock position in Minerco, an inactive penny stock company, and then arranged for Jenge to assume control of Minerco. The defendants then began pumping Minerco’s stock price by promoting Minerco as the “first publicly traded company focused on the research, production, and distribution of psilocybin mushrooms.” Psilocybin is the principal psychoactive component in “magic mushrooms,” a plant-based hallucinogen.

    From 2020 to 2021, the defendants allegedly continued to pump Minerco stock by making public statements and disclosures that contained false and misleading information. For example, Shumake and Minerco allegedly issued press releases falsely suggesting that an independent third party had valued Minerco at $1 billion and that Minerco had partnered with a Jamaican company that would lend expertise in growing a unique strain of psilocybin and bequeath to Minerco its Jamaican cannabis licenses. The SEC’s complaint also alleges that Jenge and Minerco falsely claimed in public disclosures that Minerco was an active Nevada company when, in reality, its charter had been revoked. Finally, Shumake allegedly engaged an offshore company to “dump” his Minerco shares and ultimately transfer at least $3.4 million in ill-gotten gains to an entity Shumake controlled. 

    “As alleged here, pump-and-dumps often begin when cheap stock of dormant companies is suddenly touted by a promoter as the next big thing,” said Melissa Hodgman, Associate Director of the Division of Enforcement. “Today’s action serves as an important reminder that the SEC will remain steadfast in its efforts to root out of the market stock offerings that are more about hype than substance.”

    The SEC previously obtained an Order compelling Jenge to produce documents and appear for testimony pursuant to an investigative subpoena issued by the SEC.

    The SEC’s complaint, filed in the United States District Court for the District of Columbia, charges Minerco, Shumake, and Jenge with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil monetary penalties against each defendant, as well as conduct-based injunctions and penny stock and officer-and-director bars against Shumake and Jenge.

    The SEC’s investigation, which is ongoing, is being conducted by Adam Eisner, Brittany Garmyn, Keith O’Donnell, and Zachary Scrima and supervised by C. Joshua Felker and Ms. Hodgman. Damon Taaffe will lead the litigation team under the supervision of David Nasse. The SEC appreciates the assistance of FINRA, OTC Markets Group, the Securities Commission of The Bahamas, the Jamaica Financial Services Commission, the Québec Autorité des Marchés Financiers, the Capital Markets Board of Türkiye, and the Belize Financial Services Commission.

    The SEC encourages investors to take certain steps to identify pump-and-dump schemes involving the stocks of dormant shell companies.

    MIL OSI USA News

  • MIL-OSI Europe: Answer to a written question – Serious environmental and social impact of the Achlada coal mine operating in the municipality of Florina, Greece – E-001483/2024(ASW)

    Source: European Parliament

    The Commission was not aware of the alleged problematic functioning of the coal mine in Achlada.

    Industrial installations for the extraction of coal are listed in Annex II (point 2.e) of the Environmental Impact Assessment (EIA) Directive[1].

    According to Article 4 of the EIA Directive , prior to granting a consent for such projects, Member States are required to determine whether an environmental impact assessment is necessary, based on a case-by-case analysis or by setting specific criteria (such as the location, size or type of a project). Should such an assessment be required it would examine the impacts of the project on various elements, including on air quality.

    Member States are primarily responsible to ensure compliance with EU law, including verifying individual cases of potential breach of the relevant rules, and taking the necessary steps for enforcement and the appropriate measures to address any matter that has arisen.

    In the present case, the competent Greek authorities should verify whether the private company operating the mine complies with the permit that was granted to it, and in particular with any environmental conditions imposed.

    It should be stressed that human health protection aspects shall be fully taken into account in the permitting phase, including at the stages of granting, reviewing and updating of permits.

    • [1] Directive 2011/92/EU of the European Parliament and of the Council of 13 December 2011 on the assessment of the effects of certain public and private projects on the environment, OJ L 26, 28.1.2012, p. 1-21, as amended by Directive 2014/52/EU of the European Parliament and of the Council of 16 April 2014, OJ L 124, 25.4.2014, p. 1-18.
    Last updated: 9 October 2024

    MIL OSI Europe News

  • MIL-OSI Europe: Team Europe launches new funding envelope to support economic growth in African, Caribbean and Pacific countries

    Source: European Investment Bank

    • The ACP Trust Fund has received pledges worth more than €74 million from seven EU countries.
    • Denmark, Finland, Germany, Luxembourg, Portugal, Spain and Sweden are the first contributors, adding to the EU contribution launched in February 2023.
    • In line with the EU Global Gateway strategy, the primary focus of the support will be to provide grants and technical assistance to projects promoting sustainable growth in ACP countries.

    The European Investment Bank (EIB Global) has signed agreements with seven EU Member States pledging just over €74 million to a new envelope under the ACP Trust Fund. This funding will promote inclusive and sustainable economic growth and human development, especially in least developed countries and fragile states in Africa, the Caribbean and the Pacific. The ACP Trust Fund envelope supported by EU Member States will target EU Global Gateway projects in ACP countries and support the UN’s Agenda 2030 as well as the Sustainable Development Goals.

    “This is a great example of Team Europe partners working together. I look forward to welcoming future donors to the fund so that, together, we can invest in energy, health, climate, food security and digital solutions that will foster green and inclusive growth – ultimately boosting prosperity in Africa, the Caribbean and the Pacific,” said EIB Vice-President Thomas Östros.

    Denmark has pledged around €9.9 million, Finland €4.3 million, Germany €30.6 million, Luxembourg €5.4 million, Portugal €2.8 million, Spain €9 million, and Sweden €12.25 million.

    Denmark: “Denmark is committed to supporting inclusive green growth globally, including in least developed countries and fragile states. Our ambition is to promote the European Union as an effective and impactful global actor, and that is why we support the EIB’s new ACP Trust Fund. Through the trust fund, we are delighted to be contributing to inclusive and sustainable development – especially in Africa, which is well-aligned with Denmark’s new strategy of stronger engagement with African countries. The trust fund is financed by a true Team Europe approach, and I strongly encourage other European partners to join,” said Lars Løkke Rasmussen, Denmark’s Minister for Foreign Affairs.

    Finland: “Finland sees the ACP Trust Fund as an important vehicle to support the implementation of the Global Gateway in African, Caribbean and Pacific countries. We hope that our contribution will, for example, contribute to greater, safer digital connectivity in our partner countries and give European companies more ways to invest in and develop projects in the ACP countries,” said Juha Savolainen, Director General (Department for Development Policy) of Finland’s Ministry for Foreign Affairs.

    Germany: “Fostering human and social development, addressing climate change and mobilising investments for sustainable and inclusive growth are at the heart of the EU-ACP partnership. The EIB ACP Trust Fund can help increase the development impact of EIB projects in ACP partner countries, including with regard to the implementation of Global Gateway projects. Therefore, we support it in a Team Europe spirit together with other EU partners,” said Dirk Meyer, Director-General of Germany’s Federal Ministry for Economic Cooperation and Development

    Luxembourg: “Luxembourg is proud to contribute €5.4 million to the ACP Trust Fund, reflecting our commitment to sustainable and inclusive growth in African, Caribbean and Pacific countries. This funding, from the reflows of the former ACP Investment Facility, aims to empower communities, promote environmental sustainability and enhance resilience. We look forward to ongoing collaboration with the EIB, the European Commission and EU Member States to achieve impactful development outcomes,” said Finance Minister of Luxembourg Gilles Roth.

    Portugal: “Portugal’s contribution to the ACP Trust Fund reflects our ongoing commitment to sustainable economic, social and environmental development in these regions. By partnering with the European Union and other Member States, we can better leverage resources and collectively unlock financial and technical assistance to target global challenges and achieve impact in areas like climate action, connectivity and job creation,” said Portugal’s Minister of State and Finance Joaquim Miranda Sarmento.

    Spain: Spain’s Minister for Foreign Affairs, European Union and Cooperation José Manuel Albares said, “Spain’s €9 million contribution will increase EIB Global’s capacity to reach ACP countries through tailored instruments, such as technical assistance to support capacity-building. We need to unlock sustainable finance for the countries that need it the most, as they often face adverse financing conditions that hinder sustainable development. This contribution reinforces our support for the ACP countries, and is consistent with our commitment to implementing the SDGs and raising more financing for the development agenda, as shown by Spain’s move to host the Fourth International Conference on Financing for Development in Seville in 2025.”

    Sweden: “Sweden is glad to contribute to the ACP Trust Fund in a renewal of the historic partnership between the EU and African, Caribbean and Pacific States. The Trust Fund will play an important role in fulfilling the overall objectives of the Global Gateway, linking trade, business and development cooperation in the entire ACP region. We look forward to being part of a broad collaboration encompassing four continents, 79 countries and 1.5 billion people, and to work together on issues of green transition, entrepreneurship and digitalisation”, said Benjamin Dousa, Sweden’s Minister for International Development Cooperation and Foreign Trade.

    European Commission: “Enabling the private sector is key to sustainable development. I welcome the Member States’ contribution to the ACP Trust Fund. Together with our powerful risk-sharing instrument, the EFSD+, these resources will underpin the implementation of the Global Gateway investment strategy,” said Commissioner for International Partnerships Jutta Urpilainen.

    In 2023, the European Commission and EIB Global signed an agreement for €500 million and launched the first of two envelopes of the ACP Trust Fund to realise high-impact projects in the private sector that could not otherwise be brought to fruition.

    The ACP Trust Fund forms part of the Neighbourhood, Development and International Cooperation Instrument (NDICI – Global Europe). Through this programme, the European Commission supports technical assistance and financial instruments spanning equity, quasi-equity, subordinated debt and risk-sharing. Last year in Madagascar, for example, the ACP Trust Fund supported agricultural mechanisation for smallholder farmers and the construction of a refrigerated facility for local fishermen. In Uganda, it helped fund the installation of over 500 telecom towers to broaden access to communications in the countryside.

    The Member States envelope of the ACP Trust Fund is an effective complement to the European Commission-financed envelope, and provides technical assistance, investment grants and interest rate subsidies in both the public and private sectors. The technical assistance is expected to help raise standards and ensure that environmental and social requirements are met throughout the preparation and implementation of each project. Investment grants and interest rate subsidies help reduce total financing needs, especially where a project promoter faces debt sustainability constraints.

    Background information

    The EIB is the long-term lending institution of the European Union, owned by the Member States. It makes long-term finance available for sound investments that pursue EU policy goals. EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner in the Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. With Team Europe, EIB Global fosters strong, focused partnerships, alongside fellow development finance institutions and civil society. EIB Global brings the Group closer to local people, companies and institutions through its offices around the world.

    Global Gateway

    The Global Gateway strategy is the European Union’s offer for partner countries to support their resilience and sustainable development. It aims to narrow the global investment gap with value-driven investments from the public and private sectors, supporting global economic recovery and accompanying the twin green and digital transitions outside the European Union. Worldwide, the Global Gateway aims to mobilise €300 billion in investments between 2021 and 2027, with a mix of grants, concessional loans and guarantees to de-risk private sector investments.

    MIL OSI Europe News

  • MIL-OSI Europe: ‘I feel happy here’

    Source: European Investment Bank

    When the Russian bombardments started in Odesa in March 2022, Patrashku fled to Kopparberg in southern Sweden. After a year, she moved north to Skellefteå to work as assistant nurse.

    With a population of 76 542, Skellefteå has grown quickly over the past five years. By 2030, it’s expected to add 16 000 further people.

    Finding accommodation wasn’t easy for Patrashku. Properties were often taken before she could even visit them. The only option seemed to be living with other Ukrainian refugees, but Patrashku was determined to get a proper place. She signed onto Skebo’s housing list and started collecting “points”.

    The number of points required to rent an apartment varies according to  location and the applicant’s place in the queue. While those with the greatest need, such as low-income individuals, homeless people, refugees and the disabled, are given priority, others can also qualify if there is enough housing available.

    With 53 points, Patrashku qualified for an apartment in Bostäder, a picturesque rural area north of Skellefteå. “Support from the European Investment Bank has given us the opportunity to accelerate housing construction in places where the private sector wouldn’t see an immediate return on investment,” says Ulander, the municipal official.

    MIL OSI Europe News

  • MIL-OSI Europe: JOINT MOTION FOR A RESOLUTION on the case of Bülent Mumay in Türkiye – RC-B10-0095/2024

    Source: European Parliament

    Sebastião Bugalho, Isabel Wiseler‑Lima, Michael Gahler, Luděk Niedermayer, Ana Miguel Pedro, Mirosława Nykiel, Marta Wcisło, Vangelis Meimarakis, Danuše Nerudová, Tomáš Zdechovský, Nicolás Pascual De La Parte, Jörgen Warborn, Željana Zovko, Miriam Lexmann, Inese Vaidere
    on behalf of the PPE Group
    Yannis Maniatis, Francisco Assis, Nacho Sánchez Amor, Nikos Papandreou
    on behalf of the S&D Group
    Rihards Kols, Ondřej Krutílek, Ivaylo Valchev, Assita Kanko, Emmanouil Fragkos, Sebastian Tynkkynen, Waldemar Tomaszewski, Veronika Vrecionová
    on behalf of the ECR Group
    Lucia Yar, Petras Auštrevičius, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, Engin Eroglu, Svenja Hahn, Karin Karlsbro, Moritz Körner, Nathalie Loiseau, Jan‑Christoph Oetjen, Hilde Vautmans
    on behalf of the Renew Group
    Vladimir Prebilič
    on behalf of the Verts/ALE Group
    Isabel Serra Sánchez
    on behalf of The Left Group

    European Parliament resolution on the case of Bülent Mumay in Türkiye

    (2024/2856(RSP))

    The European Parliament,

     having regard to its previous reports and resolutions on Türkiye,

     having regard to the 2024 World Press Freedom Index, which ranks Türkiye 158th out of 180 countries,

     having regard to Rules 150(5) and 136(4) of its Rules of Procedure,

    A. whereas, on 6 May  2023, Bülent Mumay, a Turkish journalist and coordinator of the Istanbul bureau of Deutsche Welle’s Turkish editorial office, was sentenced to 20 months in prison for social media posts about a pro-government company’s seizure of Istanbul Municipality’s subway funds during the AKP administration; whereas his appeal was rejected, and his tweets removed;

    B. whereas, on 20 August 2024, Istanbul’s 26th Regional Court, acting as an appeals court, upheld the sentence and ordered the Information and Communication Technologies Authority to block access to news reports about the upheld prison sentence;

    C. whereas the verdict, coupled with repeated censorship, demonstrates the escalating pressure on press freedom in Türkiye, with Bülent Mumay’s case not being an isolated incident but part of a broader pattern of judicial harassment and censorship targeting Türkiye’s independent media;

    D. whereas Türkiye, as a member of the Council of Europe and EU candidate country, is required to apply the highest democratic standards and practices, including respect for human rights, the rule of law, fundamental freedoms (such as press freedom and freedom of expression), the universal right to a fair trial and strict respect for the principle of presumption of innocence and the right to due process;

    1. Condemns the sentence against Bülent Mumay, which follows a broader pattern of silencing critical journalism; calls on the Turkish authorities to drop the charges against Bülent Mumay, and all arbitrarily detained media workers and journalists;

    2. Is deeply concerned about the ongoing deterioration of democratic standards in Türkiye, relentless crackdown on any critical voices and targeting of independent journalists, activists and opposition members amid frequent reports of legal intimidation, censorship and financial coercion as ways to suppress criticism and investigative journalism;

    3. Deplores the fact that, the Turkish Government, through a number of laws, including the 2020 social media law, the 2021 anti-money laundering law, and the 2022 disinformation law, has built a complex web of legislation serving as a tool to systematically control and silence journalists; is highly concerned about the new ‘foreign agent regulation’ to be introduced by the end of 2024;

    4. Continues to condemn the lack of independence of the prosecution and judiciary and the political instrumentalisation of the judicial system in Türkiye and calls on the Turkish authorities to restore judicial independence, respect press freedom and ensure compliance with international human rights obligations;

    5. Calls on the EEAS to adequately support the EU Delegation to Türkiye in intensifying trial observation of detained journalists and media workers and raising their cases with the Turkish authorities at all levels, while maintaining close relations with civil society;

    6. Instructs its President to forward this resolution to the Council, the Commission, the EEAS, and the President, Government and Parliament of Türkiye and have it translated into Turkish.

     

    MIL OSI Europe News

  • MIL-Evening Report: New Zealand’s BMI threshold for publicly funded fertility treatment is outdated and unethical. Here’s why it should go

    Source: The Conversation (Au and NZ) – By Carina Truyts, Associate Research Fellow (Deakin) and Research Officer, Monash University

    Getty Images

    Women seeking publicly funded fertility treatment in New Zealand must have a body mass index (BMI) under 32, according to clinical priority assessment criteria for access to assisted reproductive technology.

    But as our in-depth interviews and a growing body of evidence show, this approach is outdated and unethical.

    One of our study participants described the system as “completely rigged if you’re a fat person”. Nina, a 37-year-old dance teacher, was denied public funding support to help her conceive because her BMI was above 32 – even though the cause of infertility was her husband’s sperm count.

    Nina is not alone. Paratta, who moved to Aotearoa from Sri Lanka in 2009, was also denied because of her BMI. She raced to lose the required weight in spite of a medical condition, but was then denied again because she had reached 40, the age limit for access to public funding.

    Both women’s experiences highlight New Zealand’s obsolete and discriminating BMI limit. The United Kingdom does not include BMI as a criterion for public funding, and international cutoffs are generally between 35 and 45.

    We argue New Zealand’s BMI threshold must be scrapped to reflect impactful research and respond ethically to New Zealand’s diverse population.

    BMI and fertility

    One in six people worldwide are affected by infertility, according to the World Health Organization’s most recent estimate. They suffer severe social and psychological consequences.

    There are numerous factors that can affect fertility, and obesity is certainly one of them, impacting 6% of women who have never been pregnant.

    But the BMI is an outdated method of assessing this risk. It doesn’t measure body fat percentage, distribution or differences across populations.

    Our study participants have raised concerns about the BMI limit. International and local studies concur with them. Research shows Polynesians are much leaner than Europeans at significantly higher BMIs, meaning Māori and Pacific women are disadvantaged before they even step into the clinic.

    Quick weight loss unlikely to help

    In New Zealand, people seeking public support are told that “making lifestyle changes like quitting smoking or losing weight” could help them become eligible. They are given a stand-down period wherein they must lose the requisite weight before referrals.

    As in Paratta’s case, this can lead to a race to lose weight before the inflexible age limit of 40 is reached. Evidence-based research advises that fertility care should balance the risk of age-related fertility decline with weight-loss advice.

    Nina rejected the advice to lose weight. She was concerned that quick weight loss would require unhealthy practices that could affect her success rate during the embryo transfer.

    Lifestyle changes made within a short time before conception don’t improve outcomes.
    Getty Images

    At the Australia and New Zealand Fertility Association’s annual conference last month, US obstetrician Kurt Barnhart confirmed that lifestyle interventions made weeks or months before conception are unlikely to improve outcomes. They may even cause harm.

    He discussed the FIT—PLESE randomised control study, which compared two groups of infertile women. One underwent a targeted weight-loss program and another exercised but did not lose weight. The results showed no statistically significant difference between the groups’ fertility and live-birth rates. These findings suggest the stand-down period should be revised.

    Barnhart also highlighted that weight loss through lifestyle changes can be practically impossible given obesity is often linked to endocrine issues that have nothing to do with choice. He observed signals that the medical community is changing its views on obesity as a “lifestyle” choice – a welcome shift.

    BMI, lifestyle and ethics

    Social science research has long challenged a colonial and biomedical habit of imposing standards on women whose bodies do not conform to Western ideas of a healthy or ideal body.

    Historically, the emphasis on weight as a criterion for reproductive health echoes harmful eugenicist beliefs. As US science historian Arleen Tuchman writes, the discovery of insulin prompted some groups to recommended banning marriages for people with diabetes to prevent the “unfit” from reproducing. New Zealand’s BMI criteria similarly suggest only those who fit specific physical standards deserve access to fertility care.

    The idea that lifestyle and health are straightforward individual choices is also challenged by research in epigenetics and philosophy. Obesity is often linked with poverty, which in turn is linked to broader social and living environments, including access and income.

    The high economic burden of obesity has led biomedical experts to recommended obese people should be considered for particular support, given the prohibitive cost of assisted reproductive technologies.

    Nina exercises more than eight hours a week and Paratta leads an active lifestyle. For both women, behavioural advice – and the stigma and assumptions it underscores – is offensive.

    Weight-loss advice can be particularly culturally offensive for Māori and Pacific peoples, who may be stigmatised in clinic settings for being too “fat” but considered “skinny” in their communities if they lose the required weight.

    New Zealand’s assessment criteria for publicly funded fertility treatment have not been updated in 27 years. While infertility and health risks associated with obesity during pregnancy and at birth should not be ignored, research shows these risks can be managed effectively and with empathy through a transdisciplinary approach.

    The Australian state of Victoria now offers two free cycles of fertility treatment to any Medicare-holding woman, regardless of BMI, up to the age of 42. The program deliberately reaches out to specific groups whose ethnicity, sexuality and environment limit their access. It has been highly successful and should inspire New Zealand to approach fertility funding with fresh perspectives.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. New Zealand’s BMI threshold for publicly funded fertility treatment is outdated and unethical. Here’s why it should go – https://theconversation.com/new-zealands-bmi-threshold-for-publicly-funded-fertility-treatment-is-outdated-and-unethical-heres-why-it-should-go-240295

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: The dangers of voice cloning and how to combat it

    Source: The Conversation (Au and NZ) – By Leo S.F. Lin, Senior Lecturer in Policing Studies, Charles Sturt University

    David Herraez Calzada/Shutterstock

    The rapid development of artificial intelligence (AI) has brought both benefits and risk.

    One concerning trend is the misuse of voice cloning. In seconds, scammers can clone a voice and trick people into thinking a friend or a family member urgently needs money.

    News outlets, including CNN, warn these types of scams have the potential to impact millions of people.

    As technology makes it easier for criminals to invade our personal spaces, staying cautious about its use is more important than ever.

    What is voice cloning?

    The rise of AI has created possibilities for image, text, voice generation and machine learning.

    While AI offers many benefits, it also provides fraudsters new methods to exploit individuals for money.

    You may have heard of “deepfakes,” where AI is used to create fake images, videos and even audio, often involving celebrities or politicians.

    Voice cloning, a type of deepfake technology, creates a digital replica of a person’s voice by capturing their speech patterns, accent and breathing from brief audio samples.

    Once the speech pattern is captured, an AI voice generator can convert text input into highly realistic speech resembling the targeted person’s voice.

    With advancing technology, voice cloning can be accomplished with just a three-second audio sample.

    While a simple phrase like “hello, is anyone there?” can lead to a voice cloning scam, a longer conversation helps scammers capture more vocal details. It is therefore best to keep calls brief until you are sure of the caller’s identity.

    Voice cloning has valuable applications in entertainment and health care – enabling remote voice work for artists (even posthumously) and assisting people with speech disabilities.

    However, it raises serious privacy and security concerns, underscoring the need for safeguards.

    How it’s being exploited by criminals

    Cybercriminals exploit voice cloning technology to impersonate celebrities, authorities or ordinary people for fraud.

    They create urgency, gain the victim’s trust and request money via gift cards, wire transfers or cryptocurrency.

    The process begins by collecting audio samples from sources like YouTube and TikTok.

    Next, the technology analyses the audio to generate new recordings.

    Once the voice is cloned, it can be used in deceptive communications, often accompanied by spoofing Caller ID to appear trustworthy.

    Many voice cloning scam cases have made headlines.

    For example, criminals cloned the voice of a company director in the United Arab Emirates to orchestrate a $A51 million heist.

    A businessman in Mumbai fell victim to a voice cloning scam involving a fake call from the Indian Embassy in Dubai.

    In Australia recently, scammers employed a voice clone of Queensland Premier Steven Miles to attempt to trick people to invest in Bitcoin.

    Teenagers and children are also targeted. In a kidnapping scam in the United States, a teenager’s voice was cloned and her parents manipulated into complying with demands.

    It only takes a few seconds of audio for AI to clone someone’s voice.

    How widespread is it?

    Recent research shows 28% of adults in the United Kingdom faced voice cloning scams last year, with 46% unaware of the existence of this type of scam.

    It highlights a significant knowledge gap, leaving millions at risk of fraud.

    In 2022, almost 240,000 Australians reported being victims of voice cloning scams, leading to a financial loss of $A568 million.

    How people and organisations can safeguard against it

    The risks posed by voice cloning require a multidisciplinary response.

    People and organisations can implement several measures to safeguard against the misuse of voice cloning technology.

    First, public awareness campaigns and education can help protect people and organisations and mitigate these types of fraud.

    Public-private collaboration can provide clear information and consent options for voice cloning.

    Second, people and organisations should look to use biometric security with liveness detection, which is new technology that can recognise and verify a live voice as opposed to a fake. And organisations using voice recognition should consider adopting multi-factor authentication.

    Third, enhancing investigative capability against voice cloning is another crucial measure for law enforcement.

    Finally, accurate and updated regulations for countries are needed for managing associated risks.

    Australian law enforcement recognises the potential benefits of AI.

    Yet, concerns about the “dark side” of this technology have prompted calls for research into the criminal use of “artificial intelligence for victim targeting.”

    There are also calls for possible intervention strategies that law enforcement could use to combat this problem.

    Such efforts should connect with the overall National Plan to Combat Cybercrime, which focuses on proactive, reactive and restorative strategies.

    That national plan stipulates a duty of care for service providers, reflected in the Australian government’s new legislation to safeguard the public and small businesses.

    The legislation aims for new obligations to prevent, detect, report and disrupt scams.

    This will apply to regulated organisations such as telcos, banks and digital platform providers. The goal is to protect customers by preventing, detecting, reporting, and disrupting cyber scams involving deception.

    Reducing the risk

    As cybercrime costs the Australian economy an estimated A$42 billion, public awareness and strong safeguards are essential.

    Countries like Australia are recognising the growing risk. The effectiveness of measures against voice cloning and other frauds depends on their adaptability, cost, feasibility and regulatory compliance.

    All stakeholders — government, citizens, and law enforcement — must stay vigilant and raise public awareness to reduce the risk of victimisation.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. The dangers of voice cloning and how to combat it – https://theconversation.com/the-dangers-of-voice-cloning-and-how-to-combat-it-239926

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Trawick International Wins 2024 Magellan Award for Travel Insurance – Overall Product for Travel Services

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 09, 2024 (GLOBE NEWSWIRE) — Trawick International, a leading global insurance provider, is proud to announce that it has been awarded a Silver Magellan Award by Travel Weekly in the category of Travel Insurance – Overall Product for Travel Services.

    The award-winning product is Safe Travels AnyReason, Trawick International’s latest trip cancellation offering. This plan includes Cancel for Any Reason (CFAR) coverage at no additional cost—an industry first—providing travelers with unmatched flexibility and cancellation coverage.

    Daryl Trawick, President and CEO of Trawick International, said, “We are thrilled to receive the Silver Magellan Award from Travel Weekly. At Trawick International, we continuously innovate to meet the evolving needs of our customers while advancing the travel insurance industry. Safe Travels AnyReason is a testament to our commitment to both. We are honored to be recognized alongside such an esteemed group of winners. Congratulations to all.”

    The Magellan Awards celebrate excellence in design, marketing, and services across various industry segments, including hospitality, travel destinations, cruise lines, online travel services, airlines, travel agents, tour operators, and ground transportation.

    This marks the company’s first time entering the Magellan Awards. To learn more about the winning product, Safe Travels AnyReason, visit trawickinternational.com.

    About Travel Weekly:
    Travel Weekly is the most influential provider of news, research, opinion and analysis to the North American travel trade marketplace. It reaches a broad industry audience in print, online and with face- to-face events throughout the year. Travel Weekly is a part of Northstar Travel Group, the leading B-to-B media company providing information and marketing solutions for the global travel industry. Northstar Travel Group is based in Rutherford, NJ, and more information is available at northstartravelgroup.com

    About Trawick International
    For more than 25 years, Trawick International has been a leading provider of international insurance, administration, and other assistance services. The company offers a full suite of innovative products and services designed to support today’s globally mobile population. For more, visit trawickholdings.com.

    Media Contact
    Melissa Nicholson        
    Director of Corporate Communications
    Trawick International        
    +1-949-275-7246        
    Melissa.Nicholson@trawickinternational.com

    The MIL Network

  • MIL-OSI Canada: Federal government invests in flood mitigation for the Raisin River

    Source: Government of Canada News

    News release

    Cornwall, Ontario October 9, 2024 — Flood mitigation measures are being put in place to reduce the likelihood, frequency, and severity of flooding to residents and businesses located on the south branch of the Raisin River in Cornwall, after an investment of $783,360 from the federal government.

    A new culvert will significantly decrease the likelihood of flooding from the south branch of the river. This will reduce sewer overflows and the risk of wastewater moving into storm water systems. Once upgraded, the culvert will have an increased life span and reduced maintenance requirements.

    This project aligns with the 2022 City of Cornwall Climate Change Action Plan.

    Making adaptation investments now not only keeps Canadians safe but also has major economy-wide benefits later. Every dollar that is invested in adapting and preparing for climate-related disasters can return as much as $13 to $15 in benefits.

    Quotes

    “As we deal with the growing impacts of climate change, we need to work with communities to keep them safe from potential natural disasters. A new culvert for the south branch of the Raisin River will do just that for the residents and business of Cornwall.”

    The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

    “We appreciate the support of the federal government in the replacement of our culvert located on McConnell Avenue. This project not only enhances the safety and resilience of our community but also underscores a shared commitment to proactive disaster preparedness and sustainable development.”

    Justin Towndale, Mayor of Cornwall

    Quick facts

    • The federal government is investing $783,360 in this project through the Disaster Mitigation and Adaptation Fund (DMAF).

    • The DMAF program supports projects that include new construction of public infrastructure or the modification or reinforcement of existing public infrastructure that helps communities withstand natural disasters and climate-related risks.

    • Eligible recipients include municipalities, local governments, provinces and territories, public sector bodies, Indigenous organizations, not-for-profit, and for-profit organizations in partnership with other eligible applicants outside the private sector. Projects must have a minimum of $1 million in total eligible costs to be considered eligible.

    • Since 2018, the federal government has committed over $3 billion to the Disaster Mitigation and Adaptation Fund. Part of this commitment is $489.1 million in funding from the Adaptation Action Plan, which was released in November 2022 alongside Canada’s National Adaptation Strategy: Building Resilient Communities and a Strong Economy. Overall, the National Adaptation Strategy commits $1.6 billion in new federal funding to help address both immediate and future climate risks to Canadian communities.

    Associated links

    Contacts

    For more information (media only), please contact:

    Sofia Ouslis
    Communications Advisor
    Office of the Minister of Housing, Infrastructure and Communities
    Sofia.ouslis@infc.gc.ca

    Media Relations
    Housing, Infrastructure and Communities Canada
    613-960-9251
    Toll free: 1-877-250-7154
    Email: media-medias@infc.gc.ca
    Follow us on XFacebookInstagram and LinkedIn
    Web: Housing, Infrastructure and Communities Canada

    City of Cornwall
    communications@cornwall.ca

    MIL OSI Canada News

  • MIL-OSI USA: Sinema, Kelly Announce $300k From Bipartisan Infrastructure Law for the City of Glendale to Increase Energy Efficiency

    US Senate News:

    Source: United States Senator Kyrsten Sinema (Arizona)
    Bipartisan infrastructure law led by Sinema and shaped by Kelly provides $300,000 to lower energy costs and improve operations at the City of Glendale’s water treatment facility. 
    WASHINGTON – $300,000 will be invested in the City of Glendale to perform a detailed energy analysis and replace two chillers at the city’s water treatment facility from bipartisan Infrastructure Investment and Jobs led by Senator Kyrsten Sinema and shaped by Senator Mark Kelly.
    The City of Glendale will receive $300,000 through the Industrial Training and Assessment Centers (ITAC) Implementation Grant Program – a program supported by Sinema and Kelly’s bipartisan infrastructure to help small- and medium-sized manufacturers make improvements at their facilities to save energy, reduce carbon pollution, lower costs, and strengthen our domestic manufacturing sector.  
    “We’re proud to deliver these funds to lower energy costs and increase efficiency at Glendale’s water treatment facility,” said Sinema, co-author and lead negotiator of the bipartisan infrastructure law.  
    “These kinds of investments are exactly what we need to modernize our energy infrastructure and secure Arizona’s water future,” said Kelly. “These federal resources will help local facilities optimize their energy usage and bring down costs for Arizonans.”  
    Sinema led bipartisan Senate negotiations with Republican Senator Rob Portman of Ohio that included Senator Kelly and senators from both parties.
    For more than four decades, the ITAC program has supported small and medium-sized manufacturers who are looking to make investments in energy efficiency and modern manufacturing processes. The Bipartisan Infrastructure Law provided $80 million to support the ongoing goals of the ITAC program.
    The bipartisan infrastructure law was supported by groups including The U.S. Chamber of Commerce, Business Roundtable, The National Association of Manufacturers, The AFL-CIO, The National Retail Federation, The Bipartisan Policy Center, North America’s Building Trades Unions, the Outdoor Industry Association, The American Hotel and Lodging Association, The National Education Association, as well as hundreds of mayors across all 50 states.

    MIL OSI USA News

  • MIL-OSI Security: Mastermind of Multimillion-Dollar Penny-Stock Scam Indicted for Fraud and Obstruction

    Source: United States Attorneys General 7

    A federal grand jury in the District of Columbia returned an indictment today charging a Michigan man with defrauding investors in Minerco Inc. (stock ticker MINE) — leading to millions of dollars in investor losses — as well as obstructing a Securities and Exchange Commission (SEC) proceeding by destroying evidence.

    According to the indictment, Bobby Shumake Japhia (Shumake), 56, also known as Robert Samuel Shumake Jr., Robert Japhia, and Shaman Bobby Shu, of Michigan, allegedly ran Minerco’s day-to-day operations and organized a scheme to defraud investors in the publicly traded securities of Minerco by, among other things, making or causing to be made materially false and misleading statements to the public, including in press releases, in an effort to artificially inflate the share price of, and demand for, Minerco stock. Beginning in or around January 2020, Minerco purported publicly to be in the business of developing, marketing, and distributing psilocybin mushrooms, also known as magic mushrooms or psychedelic mushrooms.

    As alleged in the indictment, Shumake concealed his role with Minerco, even though he controlled all aspects of Minerco, by recruiting another individual, Julius Jenge, to serve as the nominal chief executive officer of Minerco because Shumake had a criminal history and negative news articles about Shumake were available on the internet. To further conceal the scheme, Shumake allegedly made materially false and misleading statements to investigators from the Financial Industry Regulatory Authority who were investigating Minerco.

    Shumake allegedly used an alias to promote Minerco on an investor message board and provided the false and misleading impression that he was not affiliated with Minerco and was an independent investor. Shumake also allegedly recruited others to promote Minerco on internet message boards to further create the false and misleading impression that the public had a favorable view of Minerco.

    Shumake allegedly sold nearly one billion shares of Minerco that he covertly acquired and then caused himself or entities under his control to receive at least $2.5 million from the sale of the shares. Shumake’s scheme to defraud allegedly caused the share price of, and demand for, Minerco’s securities to artificially increase, ultimately resulting in Minerco investors’ losing millions of dollars.

    After learning of an SEC investigation into Minerco, Shumake allegedly obstructed the SEC proceedings by deleting the contents of at least one Minerco email account, which Shumake used to conduct Minerco business.

    Shumake is charged with one count of securities fraud and one count of obstruction. If convicted, he faces a maximum penalty of 20 years in prison on each count.

    The chief executive officer of Minerco, Julius Jenge, was arrested earlier this year on charges of securities fraud related to a scheme to defraud investors in Minerco.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; SEC Inspector General Deborah Jeffrey; and Inspector in Charge Eric Shen of the U.S. Postal Inspection Service (USPIS) Criminal Investigations Group made the announcement.

    The SEC Office of Inspector General and USPIS are investigating the case.

    Trial Attorney Kyle Crawford of the Criminal Division’s Fraud Section is prosecuting the case.

    If you believe you are a victim in this case, please contact the Fraud Section’s Victim Witness Unit toll-free at (888) 549-3945 or by email at victimassistance.fraud@usdoj.gov. You are also encouraged to visit the webpage for this case at http://www.justice.gov/criminal/case/united-states-v-bobby-shumake-japhia.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI USA: Justice Department Obtains Injunction to Prevent California Company from Manufacturing and Distributing Adulterated Food Following Listeria Outbreak

    Source: US State of California

    A federal court yesterday enjoined a California company from manufacturing and distributing adulterated food products following a listeria outbreak linked to multiple hospitalizations and two deaths.

    In a civil complaint filed on Sept. 27 in the U.S. District Court for the Eastern District of California, the United States alleged that Rizo Lopez Foods Inc., along with its president, chief executive officer and co-owner, Edwin Rizo, and its chief financial officer, secretary and co-owner Tomas Rizo, violated the Federal Food, Drug and Cosmetic Act (FDCA) at the company’s facility in Modesto, California, by manufacturing and distributing adulterated food products. Rizo Lopez Foods produced cotija cheese and other cheeses, yogurt, sour cream and other foods sold under the brand names Tio Francisco, Don Francisco, Rizo Bros, Rio Grande, Food City, El Huache, La Ordena, San Carlos, Campesino, Santa Maria, Dos Ranchitos, Casa Cardenas and 365 Whole Foods Market.

    The complaint further alleged that, in January, Hawaiian state health officials detected Listeria monocytogenes (L. mono), the bacterial pathogen that can cause listeriosis, in cheese made by the defendants. The government further alleged that during a subsequent inspection of the defendant’s facility, the Food and Drug Administration (FDA) found L. mono in two locations as well as various insanitary conditions. The complaint alleged that a genetic analysis matched the L. mono strain collected in Hawaii to the strain from defendants’ facility, as well as to L. mono samples from patients sickened as early as 2014 during a years-long listeriosis outbreak. An investigation by the Centers for Disease Control identified 26 cases of listeriosis in 11 states linked to the same L. mono strain. The CDC reported that 23 individuals were hospitalized as a result of the outbreak, including two patients who died. In February, Rizo Lopez recalled all cheese and dairy products produced at their facility.

    “Food manufacturers have an important responsibility to ensure the safety of their products,” said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department’s Civil Division. “The Justice Department and FDA will continue to work closely on enforcement actions against food manufacturers who fail to meet their obligations and put the health of their customers at risk.”

    “Food producers in the Eastern District of California feed the nation,” said U.S. Attorney Phillip A. Talbert for the Eastern District of California. “Our office is committed to assuring compliance with the FDCA throughout the District.”

    The defendants agreed to settle the suit and be bound by a consent decree of permanent injunction. The injunction entered by the court permanently enjoins the defendants from violating the FDCA. As part of the settlement, the defendants represented that they have discontinued all operations related to preparing and processing food. Under the permanent injunction, the defendants must notify FDA in advance of resuming such operations, comply with specific remedial measures set forth in the injunction and allow FDA to inspect their facility, including the buildings, sanitation-related systems, equipment, utensils, all articles of food and relevant records.

    Trial Attorney David G. Crockett Jr. and Senior Trial Attorney James Nelson of the Justice Department’s Civil Division prosecuted this case, with assistance from Assistant Chief Counsel for Enforcement Lauren Fash of the FDA’s Office of Chief Counsel.

    Additional information about the Consumer Protection Branch and its enforcement efforts can be found at http://www.justice.gov/civil/consumer-protection-branch.

    The claims resolved by the consent decree announced today are allegations only. There has been no determination of liability.

    Consent Decree

    MIL OSI USA News

  • MIL-OSI USA: Attorney General Alan Wilson announces $52 million multistate settlement with Marriott for data breach of Starwood guest reservation databaseRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – Attorney General Alan Wilson announced today that a coalition of 50 attorneys general has reached a settlement with Marriott International, Inc. as the result of an investigation into a large multi-year data breach of one of its guest reservation databases. The Federal Trade Commission, which has been coordinating closely with the states throughout this investigation, has reached a parallel settlement with Marriott. Under the settlement with the attorneys general, Marriott has agreed to strengthen its data security practices using a dynamic risk-based approach, provide certain consumer protections, and make a $52 million payment to states. South Carolina will receive $767,458.00 from the settlement.

    “This case should serve as an important reminder for businesses to take preventive measures to protect the private information of their customers,” Attorney General Wilson said. “Data privacy is one of the most important issues facing consumers right now, and our office will continue to do its part in ensuring the protection of our citizens in this way.”

    Marriott acquired Starwood in 2016 and took control of the Starwood computer network in 2016.  However, from July 2014 until September 2018, intruders in the system went undetected. This led to the breach of 131.5 million guest records pertaining to customers in the United States. The impacted records included contact information, gender, dates of birth, legacy Starwood Preferred Guest information, reservation information, and hotel stay preferences, as well as a limited number of unencrypted passport numbers and unexpired payment card information.

    Shortly after the breach of the Starwood database was announced, a coalition of 50 attorneys general launched a multi-state investigation into the breach. Today’s settlement resolves allegations by the attorneys general that Marriott violated state consumer protection laws, personal information protection laws, and, where applicable, breach notification laws by failing to implement reasonable data security and remediate data security deficiencies, particularly when attempting to use and integrate Starwood into its systems.

    Under the terms of the settlement, Marriott has agreed to strengthen and continually improve its cybersecurity practices. Some of the specific measures include:

    • Implementation of a comprehensive Information Security Program. This includes new overarching security program mandates, such as incorporating zero-trust principles, regular security reporting to the highest levels within the company, including the Chief Executive Officer, and enhanced employee training on data handling and security.
    • Data minimization and disposal requirements, which will lead to less consumer data being collected and retained.
    • Specific security requirements with respect to consumer data, including component hardening, conducting an asset inventory, encryption, segmentation to limit an intruder’s ability to move across a system, patch management to ensure that critical security patches are applied in a timely manner, intrusion detection, user access controls, and logging and monitoring to keep track of movement of files and users within the network.
    • Increased vendor and franchisee oversight, with a special emphasis on risk assessments for “Critical IT Vendors,” and clearly outlined contracts with cloud providers.
    • In the future, if Marriott acquires another entity, it must timely further assess the acquired entity’s information security program and develop plans to address identified gaps or deficiencies in security as part of the integration into Marriott’s network.
    • An independent third-party assessment of Marriott’s information security program every two years for a period of 20 years for additional security oversight.

    These settlement terms are grounded in a well-developed risk-based approach in which Marriott not only needs to conduct an annual enterprise level risk assessment, but it must also perform risk analyses throughout the year for changes to security controls.  Those ongoing risk assessments must address the criteria of “harm to others” – which would include potential harm to consumers. 

    As part of the settlement, Marriott will give consumers specific protections, including a data deletion option, even if consumers do not currently have that right under state law. Marriott must offer multi-factor authentication to consumers for their loyalty rewards accounts, such as Marriott Bonvoy, as well as reviews of those accounts if there is suspicious activity.

    Connecticut, Maryland, and Oregon as well as the District of Columbia, Illinois, Louisiana, Massachusetts, North Carolina, and Texas co-led the multistate investigation, assisted by the Executive Committee of Alabama, Arizona, Arkansas, Florida, Nebraska, New Jersey, New York, Ohio, Pennsylvania, and Vermont, and joined by Alaska, Colorado, Delaware, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    MIL OSI USA News

  • MIL-OSI: LPL Financial Announces Third Quarter 2024 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, announced today it will report third quarter financial results after the market closes on Wednesday, October 30. The Company will host a conference call to discuss its results at 5 p.m. ET the same day.

    The conference call will be accessible and available for replay at investor.lpl.com/events.

    Contacts

    Investor Relations
    investor.relations@lplfinancial.com

    Media Relations
    media.relations@lplfinancial.com

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor (“RIA”) firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

    Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    The MIL Network

  • MIL-OSI: Encore Capital Group to Announce Third Quarter 2024 Financial Results on November 6

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2024 on Wednesday, November 6, 2024, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

    Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore’s website at http://www.encorecapital.com. To access the live conference call by telephone, please pre-register using this link. Registrants will receive confirmation with dial-in details.

    For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company’s website shortly after the call concludes.

    About Encore Capital Group, Inc.

    Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.

    Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at http://www.encorecapital.com.

    Contact:
    Bruce Thomas
    Encore Capital Group, Inc.
    bruce.thomas@encorecapital.com

    SOURCE: Encore Capital Group, Inc.

    The MIL Network

  • MIL-OSI: Launch Two Acquisition Corp. Completes $230 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Oct. 09, 2024 (GLOBE NEWSWIRE) — Launch Two Acquisition Corp. (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000.

    The Company’s units began trading on October 8, 2024 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “LPBBU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LPBB” and “LPBBW,” respectively.

    Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants, $231,150,000 (or $10.05 per unit sold in the offering) was placed in trust.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. The Company will pursue completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.

    The Company’s management team is led by James J. McEntee III, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Jurgen van de Vyver, its Chief Financial Officer. The Board also includes Lynn Eisenhart, Jeffrey M. Shanahan, and Alfred J. Pierce III.

    Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.

    A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 7, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    FORWARD-LOOKING STATEMENTS

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Launch Two Acquisition Corp.
    Jurgen van de Vyver
    jurgen@launchpad.vc
    (510) 692-9600

    The MIL Network

  • MIL-OSI: FormFactor to Announce Third Quarter 2024 Financial Results on October 30th

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal third quarter on Wednesday, October 30th, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor’s conference call on the Investors section of the company’s web site at www.formfactor.com.

    To Listen via Telephone: Preregistration is required.  Please preregister by clicking here.

    Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN.

    A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Investors section of our website http://www.formfactor.com.

    About FormFactor:
    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design de-bug to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at http://www.formfactor.com.

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    FORM-F

    The MIL Network