October 21, 2026
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Fraud Protection & Detection Market to Reach $63.2 Billion by 2029

The fraud detection and prevention market is being driven by regulatory compliance requirements, and according to Marketsandmarkets, the sector is estimated to grow to $63.2 billion by 2029 at a CAGR of 17% over that period, from $28.8 billion in 2024. With stringent regulations in place, organisations are compelled to adopt robust strategies to combat financial crimes and protect consumer interests. Compliance mitigates legal risks, and fosters trust among stakeholders, driving organizations to prioritise efforts in fraud prevention.

The adoption of fraud detection and prevention solutions has surged as organisations must adopt a multi-layered approach to combat modern fraud, which is becoming increasingly sophisticated. Key strategies include implementing advanced fraud detection technologies like AI, machine learning, behavioral analytics, and biometric verification. These provide real-time analysis, adapt to new fraud patterns, and offer more effective and user-friendly prevention. Also, strong authentication measures such as multi-factor authentication should be established to verify user identities and prevent unauthorised access. Moreover, companies should be developing a comprehensive fraud prevention policy that outlines roles, processes, and consequences while providing ongoing employee education and awareness.

Rapid increase in cloud deployments

The cloud deployment mode in fraud detection and prevention is rapidly increasing among organisations worldwide. The analysts found that this shift is driven by several factors, including the need for scalability, agility, and cost-effectiveness in combating evolving fraud threats. Cloud-based solutions offer the flexibility to scale resources dynamically, allowing organisations to handle fluctuating workloads and accommodate growing data volumes more efficiently than traditional on-premises systems. Additionally, the cloud provides accessibility from any location with internet connectivity, enabling real-time monitoring and response to fraudulent activities. Moreover, cloud deployment reduces the burden of managing and maintaining infrastructure, allowing organiaations to focus on improving fraud detection capabilities and enhancing overall security posture. Adopting cloud deployment mode in fraud detection and prevention empowers organisations to stay ahead of fraudsters while optimising resource utilisation and operational efficiency.

Geographically Asia Pacific to register strong growth

The Asia Pacific region comprises countries such as China, India, AnZ, Singapore, and Japan, leading in the FDP market. Asia Pacific region is expected to register high growth rates in the FDP market. China is the leading country in this market, with extensive adoption of FDP technology in various sectors, including BFSI, government, and healthcare. Other countries in the region, such as Japan, are also witnessing growth in the FDP market. Various factors, such as internal and external regulations and the growing focus of different industries to get a unified view of risk, are expected to contribute to market growth. Factors such as increasing compliances, internet usage, regulations, and increasing digitalisation are the significant factors fueling the adoption of FDP solutions.

Dean Drako Named Entrepreneur of the Year Gulf South

Dean Drako, Eagle Eye Networks Founder and CEO, has won the Ernst & Young (EY) Entrepreneur Of The Year 2024 Gulf South Award. Entrepreneur Of The Year is the prestigious business awards programme for entrepreneurs and leaders of high-growth companies.

Under Drako’s leadership, Eagle Eye Networks has achieved significant growth in video surveillance industry and helped businesses worldwide enhance security and operational efficiency through cloud, advanced AI and analytics.

Eagle Eye Networks has made notable advancements in AI technology, including its award-winning, AI-powered Smart Video Search and License Plate Recognition, and its newly launched 911 camera sharing, which has already won two awards recognizing its positive impact on public safety and emergency response.

“Receiving this award is a tremendous honour and a testament to the hard work and dedication of the entire Eagle Eye Networks team,” said Dean Drako, Founder and CEO of Eagle Eye Networks. “We remain committed to pushing the boundaries of the cloud video surveillance industry with our AI features, delivering exceptional value to our customers, and positively impacting the world.”

Drako founded Eagle Eye Networks in 2012. He is also Chairman of cloud access control leader Brivo, and Chairman of enterprise security automation leader Cobalt AI. Previously, Drako was founder, president and CEO of Barracuda Networks, where he created the IT security industry’s first spam filter appliance, growing the company from its inception in 2003 through 2012 to more than 140 products and 150,000 customers.

An independent judging panel of previous award winners, leading CEOs and other business leaders selected Drako. Candidates were evaluated based on their ability to create long-term value through entrepreneurial spirit, commitment to their purpose and the demonstration of growth and substantial impact, among other key indicators.

As a Gulf South award winner, Drako will be considered for the Entrepreneur Of The Year 2024 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the World Entrepreneur Of The Year Award in June 2025.

Entrepreneur Of The Year recognises many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The programme celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organisation to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to fortify it for the future.

Security Essen Celebrates 50th Anniversary

Security is more relevant than ever. Whether it’s cybersecurity, intrusion protection or access control – the demand for individual and tailor-made security solutions in industry, companies and private households is constantly increasing.

Security Essen brings together the security industry and showcases innovations and developments with around 500 exhibitors from September 17 to 20. At the same time, it celebrates its 50th anniversary. What began in 1974 with 105 exhibitors and about 1,000 visitors has long since developed into an international success story.

“Today, Security Essen is the comprehensive platform and indispensable meeting place for the security industry. Thanks to our continuous further development, it always remains at the cutting edge. This year, visitors can also look forward to a number of new features, “ reveals Project Manager Julia Jacob.

Trade visitors from all over the world can expect an extensive range of products and services in the exhibition halls. Around 500 exhibitors from over 30 nations will present their solutions in these subject areas: Access/Mechatronics/Mechanics/Systems, Perimeter Protection, Fire/Intrusion/Systems, Digital Networking Security, Services, Civil Protection, Special-Purpose Vehicles, and Video.

Market leaders as well as hidden champions and niche players will be there. At the same time, Security Essen offers newly founded companies the opportunity to make contacts in the global market and to promote and market products made in Germany internationally. At the “Young Innovators” joint stand, start-ups will show, among other things, how AI robots can take over surveillance tasks, which furniture makes prisons look secure and stylish at the same time and how users can protect their passwords.

A comprehensive supporting program

Security Essen offers special theme days and high-caliber professional lectures, providing added value for all trade visitors:

  • The first European Drone Conference, for example, celebrates its premiere on September 19 and 20. It will shed light on innovative applications and safety aspects in the use of drone technology.
  • Aimed at young talents and specialists is the Training and Further Education Day on September 17. The Federal Association of the Security Industry (BDSW) will also honor the best trainees on this day.
  • Pressing digital security issues will address the DNS Digital Networking Security Conference on September 17 and 18. Among others, intelligence and crime analyst Mark T. Hoffmann will provide insights into the psychology of cybercrime in his presentation “Profiling Hackers”.
  • Spectacular explosive attacks on financial institutions have made headlines in the past. The Banks and Savings Banks Day on September 19 will show how these institutions can protect themselves.

Partners of the theme days include the German Association of the Security Industry (BDSW), the International Physical Security Association (ESSA), the Confederation of European Security Services (CoESS), Datakontext and kes. The lectures will take place directly in the exhibition halls and are already included in the ticket price.

Tickets available online

Security Essen will be held at Messe Essen from September 17 to 20, 2024. The exhibition halls will be open from 9 a.m. to 6 p.m. from Tuesday to Thursday and from 9 a.m. to 4 p.m. on Friday. Tickets are available online for 48 euros.

Information on Security Essen, the supporting program and tickets at: www.security-essen.de.

New UK Flood Warning System

In a move to modernise its service, the Environment Agency (EA) has chosen Leidos, a Fortune 500 company that creates smart technology solutions for customers in heavily regulated industries, with support from Intersec, a global leader in telecom metadata and location intelligence solutions, to deliver a new flood warning system for

England.

The current system has been a cornerstone of the EAs flood warning service for twenty years, but with technology rapidly advancing, the decision to integrate Intersec’s cutting-edge early warning and alerting technology as part of Leidos’ solution for their Next Warning Service demonstrates the EA’s ongoing commitment to improve England’s resilience to flooding.

The solution will help enhance the EA’s flood warning capabilities, providing internal end-users with an array of powerful situational awareness tools, including advanced geographic layers and precise mapping, all within a user-friendly interface based on the Intersec application.

“This collaboration will not only streamline field operations but also enable the swift dissemination of location-based alerts through multiple contact channels, empowering communities and highlighting our commitment to leveraging technology for the greater good,” said Yann Chevalier, Chief Executive Officer at Intersec.

Crucially, the solution is designed to be deployed in a highly scalable cloud environment, ensuring that it can readily accommodate future product enhancements for the service. The new service is due to be fully operational in 2025.

Uniview Smart Dual Light: Your Safety in Smarter Way

Currently, many companies are promoting dual light technology. Uniview believes that dual-light technology will become a market trend. That is the reason why it will enhancing its product layout in smart dual light technology this year.

Many criminal activities tend to occur under the cover of darkness. However, traditional IR camera only capture footage in black and white color and miss critical color information. This kind of cameras can make solving crimes more challenging. On the other hand, conventional full color cameras that use white floodlights for illumination cause light pollution, can be disturbing to people, and waste energy.

Smart Dual light technology solves these issues. This kind of camera lets you switch the lighting when you need to and catch those important color details. This means we can tackle crimes better at night, without the hassle of light pollution or wasting energy.

Key Features

The core feature of Smart Dual Light technology is the smart dual light mode, switching between IR light and warm light with Ultra Motion Detection function. This technology allows for light switching when a target is detected. Additionally, users can choose the light mode based on their needs, setting it according to time, and switching modes directly through the app for enhanced flexibility.

The Smart Dual Light IP camera offers three lighting modes: IR mode, warm light mode, and dual light mode. In IR mode, the IR light remains on at night; in warm light mode, the warm light stays on during nighttime; and in dual light mode, the infrared light is on when no events are detected. Upon the detection of a target, the camera switches from infrared to warm light, and once the target leaves the area, the warm light turns off, back to IR lighting.

Product Layout

Uniview Easy series Smart Dual Light products include EasyBasic and EasyStar series. The new naming rule uses “-DL” to denote Smart Dual Light products. The Smart Dual Light products in the EasyStar series will be updated and will also include an 8MP resolution, all supporting Ultra Motion Detection. To enrich the product line, the company has introduced Smart Dual Light to the EasyBasic series. If you need an economical Smart Dual Light product, you can choose this series. The product specifications are 2.4MP, 4MP supporting Ultra Motion Detection (based on human and vehicle).

On top of this, Uniview has Tri-guard 1.0 and Tri-guard 2.0 products in Prime series. They are suitable for SMB projects. Their lighting modes are the same with Easy products. To make things better, Tri-guard 1.0 models support speaker alerts when event occurs. Tri-guard 2.0 models support red and blue lights flash and speaker alerts when an event occurs.

Lastly, Uniview offers Smart Dual Light camera in its analog series.

Application

Traditional full color IP cameras keep the lights on throughout the night, which can be glaring and disrupt people’s rest. However, Smart Dual Light cameras only activate the lighting when an event occurs, thereby minimizing light pollution. Additionally, it ensures that crucial details of people and vehicles are not lost. The smart Dual Light camera captures colorful details.

When the IP camera detects an event, the warm light will turn on to deter intruders. What’s more, since the Dual Light IP cameras can be integrated with UMD (Ultra Motion Detection) technology, the camera can also function as a light sensor, illuminating your path home when you return.

More information please visit www.global.uniview.com.

If you have any business query, please contact chenkexin@uniview.com.

Verkada Expands Operations Into DACH Countries

Verkada, a pioneer in cloud-based physical security solutions, is expanding operations to Germany, Austria, and Switzerland (DACH) under the leadership of Benjamin Krebs. This expansion comes as Verkada is seeing strong sales and partner growth across EMEA.

“Today, more than 24,000 customers across 85 countries trust Verkada as their safety solution,” said Eric Salava, Chief Revenue Officer at Verkada. “Establishing operations in the DACH region, which represents the largest economy in Europe, is a natural next step as we continue to grow internationally.”

Starting today, Verkada’s Command platform and website are available in German, providing German-speaking customers with full access to Verkada’s solutions and services in their native language so that they have the necessary resources to make informed security decisions.

“The DACH region is renowned for its unwavering commitment to both cyber and physical security,” said Benjamin Krebs, Managing Director, DACH at Verkada. “Customers across the region are looking for fully integrated security solutions that provide intelligent insights to keep their organisation safe in a privacy-sensitive way. As cloud-based physical security becomes the industry standard, I am looking forward to working with our growing team, customers, and partner network to help more organisations across the DACH region keep the communities they live and work in safe.”

Since its inception in 2016, Verkada has maintained an impressive growth trajectory. Today the company has nearly 2,000 employees across 16 offices globally. Currently, Verkada is recruiting across EMEA and is seeking talented individuals for roles such as account executives and solutions engineers.

Allegion Acquires Unicell Architectural

Allegion plc, a leading global security products and solutions provider, has acquired Unicel Architectural.

Based in Quebec, Canada, Unicel Architectural is a leading North American manufacturer of advanced glass, timber and aluminum building solutions that support privacy, safety, energy efficiency and sustainability. The Unicel Architectural portfolio is primarily sold across Canada and the U.S. and installed in healthcare, education, government and other non-residential facilities.

Unicel Architectural will operate as part of the Allegion Americas segment, led by Allegion Senior Vice President Dave Ilardi.

“Unicel Architectural is a natural extension of Allegion’s core business, especially in institutional markets. This strategic combination will strengthen our portfolio of solutions and expand our specification capabilities,” Ilardi said. “Together, we will provide meaningful differentiation for customers with more comprehensive offerings.”

Unicel Architectural Co-Presidents Samuel Doyon-Bissonnette and Vincent Couturier are joining Allegion and will serve as leaders for Unicel Architectural within the Allegion Americas non-residential business, supporting a smooth transition and helping drive accelerated growth.

“Like Allegion and its brands, Unicel Architectural is a category inventor and market leader, recently celebrating 60 years of serving customers,” said Doyon-Bissonnette. “Combined, we’ll create more value for architects and other channel partners as trusted advisors on projects who help meet end-user needs.”

“We’ve had a long-standing partnership with Allegion brands Technical Glass Products, AD Systems and Stanley Access Technologies. This is an exciting evolution of our work together – one that means our customers can expect even more premium products and experiences,” Couturier added.

Terms of the transaction were not disclosed.

In every healthcare setting, there’s an easy way to add digital access management to sensitive spaces, no matter their size

London, June 2024 – In hospitals, health centres, clinics and other medical buildings, the small spaces often need as much care as large areas. Yet while traditional mechanical keys can cure the problem of medicine and equipment security, this may come at the cost of time- or operational efficiency.

 In a busy hospital ward, keys are easy to misplace. Mechanical locking cannot log who accesses each opening, and when. Nurses either take on this laborious task for themselves or medicine managers surrender some control over access. Auditing drug discrepancies or investigating incidents becomes more difficult.

Just like any sensitive opening, in any building, the risks and costs of a security breach or unauthorized access can be great.

“Managing the security of additional access points mechanically, outside the scope of a digital access system, increases risk, complexity and workload,” says Lars Angelin, Business Development Manager at ASSA ABLOY Opening Solutions EMEIA.

Fixing the pain-points of healthcare access control

The drawbacks of many mechanical solutions can get in the way of medical care. Often multiple staff need access at different times in a setting where 24/7 operation is standard practice. Searching for the right key or keyholder causes delays, wasting nursing staff time. All keys in circulation must be logged and monitored, for medicine safety or to ensure patient belongings are safe in bedside cabinets. If keys go missing, locks must be changed, which costs time and money. Hassle and headaches multiply if a master-key is lost.

Digital access seems an obvious solution. Yet such settings often have many points where typical wired access cannot reach. These may be mobile, like Electronic Prescribing and Medicines Administration (EPMA) carts. Cylinder sizes may be small with non-standard cam-types, as on bedside cabinets or medicine storage.

“Instead, choosing digital access – traceable, flexible, convenient – with the Aperio® KL100 Wireless Cabinet Lock brings many more access points under the control of the digital system,” explains Angelin. “These important openings are managed from one integrated software interface and offer the same level of control as any other digital access device.”

Traceable digital locking for every medical cabinet, cupboard or trolley

The robust, road-tested, battery powered Aperio KL100 makes cabinets, EPMA carts, medicine drawers and almost any other any small opening an integral part of a digital access system. An adjustable cam makes it a straightforward retrofit solution for patient-accessed medication or “POD” lockers and bedside cupboards. This digital device also consumes very little energy: Powered by one battery, it only “wakes up” when a credential is presented and needs no specialist maintenance.

In line with the rest of the Aperio range, the KL100 brings added flexibility over physical keys. It is compatible with smartcards and fobs using all major RFID technologies, as well as smartphone unlocking via Bluetooth LE and NFC. The device can accept multiple credential technologies simultaneously, in parallel, so security managers can roll out mobile keys at their own pace, or to appropriate employees only.

“Medical personnel get access tailored precisely to their need or authority,” adds Angelin. “Nurses don’t waste time looking for the keyholder. Pharmacists and medicine managers always know who has accessed medical storage. Facilities managers simply delete a missing credential from the system. It takes a couple of clicks, not a major changing of locks, to restore security. For all these users, the KL100 takes away the pain of secure access.”

Easy hardware integration for greater efficiency and convenience

The Aperio KL100 is designed for seamless integration with any new or existing access control system — from over 100 different manufacturers and counting. Existing user credentials do not need to be replaced.

A KL100 may be connected Online, Offline or via OSS compliant integration — and switched between them at any time. Online management enables real-time control over every KL100 lock, with easy access rights administration and instant availability of audit trails for any opening or user — which makes incident investigation fast and accurate.

The Aperio family of award-winning, energy-efficient digital access devices includes cylinders, escutcheons, handles, security locks, server rack locks and more. With a low-profile design and road-tested reliability, a KL100 is the flexible choice for securing any medical site’s sensitive, personal or mobile small spaces.

To learn more about deploying the Aperio® KL100 in hospitals and other medical settings, visit https://assaabloy.com/emeia-blueprint/market-product-assets/aperio/assets/documents/brochures-and-flyers/AA_Aperio_KL100_Healthcare_EN_web.pdf

Adria Security Summit 2024 Opens Registration with Free Tickets for Early Birds

We are excited to announce that registration for the Adria Security Summit Powered by Intersec 2024 is now open. For the first 15 days, all participants can take advantage of free tickets. We invite exhibitors, visitors, and members of buyer delegations to register at https://adriasecuritysummit.vfairs.com/en/registration and be part of this flagship event.

Adria Security Summit 2024, along with its premier industry excellence awards, will be held on October 9 and 10 at the Convention Center Hills in Sarajevo, the largest and best-equipped venue for events of this type in the region. The Summit will bring together over 160 exhibitors and 3,500 visitors, supporting more than 5,000 B2B meetings. This is why both organizers and participants eagerly await this high-profile industry event.

Participants will have access to the Summit’s mobile application powered by vFairs, which will enable them to schedule meetings and follow exhibitors and other visitors.

Adria Security Summit will once again attract exhibitors and visitors from various sectors and countries. With over 85% of the exhibition space already booked, we expect a record number of visitors and participants from over 50 countries worldwide.

For more information about the 9th Adria Security Summit 2024, including registration details and the event agenda, please visit www.adriasecuritysummit.com, contact us at summit@asadria.com, or call +387 33 788 985.

Register now and take advantage of this unique opportunity to connect, learn, and grow.

 

 

 

UltraVision: Elevating security in iGaming

 

Reinventing Security Protocols for a Rapidly Expanding Workforce

Our client is a leading content supplier to the iGaming industry. Operating in numerous locations around the world, our project’s Bucharest and Sofia subsidiaries contribute material and streaming to the majority of casinos and gambling sites worldwide. The task at hand was complex: replacing outdated technologies that limited scalability and meeting the growing demand for stronger security measures. The objective? Create a comprehensive security approach that addresses not only urgent problems but also positions our client for seamless adaptability in the face of volatile industry changes.

Revolutionizing Access Control

As the number of employees in one of the studio locations increased, so did the need to update old access control systems. The difficulty became twofold: managing the expanding personnel and transitioning away from obsolete solutions that inhibited scalability. The solution was developed using current, scalable technology hosted on servers. The project combined access control systems from Spica, video surveillance, turnstiles for controlled on-premises access, and vehicle access managed via license plate recognition and long-range RFID technology.

This part of the project consisted of 900 access control readers, 500 video cameras, and over 4500 users, including employees and external contractors. We customized the deployment of Metra Smart Lockers to meet the specific needs of the customer. This addition provided secure and traceable storage, showcasing our dedication to customized solutions while integrating smoothly with the broader security plan. The centralization of these technologies in AppVision PSIM facilitated operations by providing the security team with an easy-to-use graphical interface.

Upgrading Studios Security

The other studio location presented a different, yet blank canvas, as our client acquired and renovated an eight-story office building converted into content development spaces. It was critical to ensure controlled access across the building, including studios and office spaces. The exterior was protected by barriers, license plate recognition, video intercoms, and a complete video monitoring system.

AppVision PSIM has integrated turnstiles, access control with time and attendance terminals, and a people counting system for unified operation to strengthen security measures. The innovative application of Metra Smart Lockers with touch screen technology increased changing room efficiency by providing a streamlined, safe, and trackable solution for employees’ personal belongings, all while using the same access control credential.

This security infrastructure transformation addresses immediate issues and strategically aligns with expanding workforce challenges, ensuring future adaptability. Integrated PSIM solutions provide strong security, as well as financial and operational advantages, that revolutionize business operations. Instead of seeing electronic security and safety systems as purely preventative measures, we suggest companies to view them as investments. Investing in our solutions will guarantee a more secure future and redirect your attention from possible security risks to strategic objectives and growth.

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a&s Adria – professional security magazine for providing total security solutions is a monthly circulating publication and a licenced representative of Messe Frankfurt New Era Business Media for Adriatic region, which consists of following countries: Bosnia and Herzegovina, Croatia, Kosovo, Montenegro, FYR Macedonia, Slovenia and Serbia.