Latest news with #Systems
Forbes
13-06-2025
- Business
- Forbes
The Physical AI, Autonomous Systems And Robotics (PAI-ASR) Security Posture Management (SPM) Gap
Frank Jonas, Founder Fidelitas Defense (NVIDIA Inception & Microsoft Startups F.H.) | FBI (ret) | U.S. Marine Corps Vet getty In March 2024, the cybersecurity world was rattled when it was revealed that XZ Utils, a popular open-source software (OSS) compression utility used across Linux distributions, had been quietly backdoored by a sophisticated threat actor. Over two years, an attacker posing as a helpful contributor gained maintainership rights, gradually inserting malicious code designed to grant remote shell access to compromised systems. This wasn't just a supply chain breach; it was a proof of concept for a new era of cyber threat operations: long-term, not detected and buried deep in the dependencies that modern infrastructure relies on. Now imagine the same concept applied to the software stack of a surgical robot, an autonomous submarine or a port logistics AI system. In a world where Physical AI, Autonomous Systems and Robotics (PAI-ASR) often runs on stacks of OSS and pretrained models, the risks are greater than ever. We're no longer just talking about compromised servers—we're talking about compromised machines that make decisions in the physical world. In boardrooms across the Defense, Healthcare, Maritime, Manufacturing and Energy sectors, executives are rapidly considering, piloting or deploying PAI-ASR systems that promise revolutionary advancements in efficiencies. Yet many independent security teams are struggling with an uncomfortable truth: These sophisticated machines remain dangerously vulnerable to attacks that could transform innovations into significant business risk overnight. From automated cranes at global ports to select robotic procedures performed in operating rooms, we are witnessing a rapid and mass migration of AI into the physical world. PAI-ASRs are no longer niche or experimental. They're operational, essential and often invisible to the end user. Defense agencies rely on AI-enabled drones for intelligence, surveillance, reconnaissance (ISR) and precision strikes. Shipping giants use robotic systems to manage logistics throughout maritime and ports operations. Hospitals are increasingly integrating autonomous systems and robotics to enhance patient care and streamline operations. This is the promise of PAI-ASR: Machines that move, decide and scale. But the speed of innovation may be outpacing our ability to properly secure these systems from cyber and insider risks. PAI-ASR systems are often tested and built from a soup of vulnerable components: OSS libraries like OpenCV and Robot Operating System (ROS), low-level firmware, pretrained AI models scraped from the internet and sensors subject to spoofing. Each layer introduces unique threats: supply chain compromises, insider threats, model inversion attacks—even adversarial patches that trick AI vision systems into seeing stop signs as speed limits. A decade ago, in 2015, researchers at the University of Washington demonstrated how a surgical robot prototype could be compromised through network-based attacks, causing it to misbehave or shut down entirely. In real-world industrial environments, automation systems have been found exposed online, running unpatched Linux kernels with default credentials. In military settings, autonomous drones remain vulnerable to GPS spoofing and sensor manipulation. These aren't just IT risks; they're threats to operational integrity and physical safety. The OSS ecosystem has revolutionized robotics and AI, but not without risk. OSS libraries like OpenCV power everything from defect detection in manufacturing to perception in autonomous vehicles, medical imaging and surgical robotics. They're flexible, fast and free. But packages like OpenCV, at a reported 2-3 million lines of code, depending on the build, are sprawling with broad contributor access and are often poorly maintained and inconsistently secured. Worse, these open source packages are often deeply embedded in critical systems, where malicious code could cascade into real-world harm. Many PAI-ASR systems rely heavily on open source code written by volunteers or academic researchers who never thought their work would underpin military drones or surgical robots. There's often a lack of patch cadence and centralized oversight. Worse, many organizations don't understand or perform a risk assessment on the open source package's own software dependencies and imports. That's a hacker's dream: critical systems built on complex, unaudited code, operated by organizations unaware of their own dependencies, creating a perfect storm of exploitable vulnerabilities. Traditional IT security solutions weren't built for the unique challenges of PAI-ASR. When machines can move, make decisions and interact with the physical world, the SPM paradigm fundamentally changes. PAI-ASR SPM isn't just vulnerability scanning or regulatory and compliance auditing. It's a risk-driven, holistic, contextual understanding of PAI-ASR attack surfaces. PAI-ASR SPM methodologies, frameworks and platforms monitor and baseline the security state of PAI-ASR components, from low-level firmware to high-level decision logic. They identify drift in AI model performance. They detect anomalous behavior in PAI-ASR systems. They scan for source code vulnerabilities and dependency alerts in embedded code and verify that sensor inputs haven't been manipulated. Crucially, they do this continuously and not just once a year for a compliance checkbox. We're entering a decade of PAI-ASR critical infrastructure. Military and defense, healthcare and MedTech, maritime and Ports—all of them will depend on machines that make decisions humans don't directly control. If those machines are compromised, the results won't be confined to cyberspace. We're talking about hospital mishaps, disrupted logistics supply chains and negatively impacted defense capabilities. PAI-ASR SPM companies don't eliminate risk, but they can redefine how it's managed. These firms bring domain expertise, mission alignment, real-time visibility and operational resilience to one of the most complex engineering challenges of our time. We're engineering PAI-ASR systems at an unprecedented pace—machines that are faster and more autonomous than most could have imagined just a decade ago. But while their capabilities have evolved rapidly, our SPM paradigms haven't kept up. The next decade won't be defined by innovation alone but by whether we can properly secure and minimize risk to the confidentiality, integrity and availability of PAI-ASR systems. PAI-ASR SPM isn't a luxury. It is fundamentally necessary. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
RTHK
09-06-2025
- Politics
- RTHK
Security law 'a golden shield of safety and stability'
Security law 'a golden shield of safety and stability' Gao Xiang says some global financial professionals have changed their stances and are now singing Hong Kong's praises. Photo: RTHK Elsie Leung says the national security laws are needed to deal with sudden attacks, citing sanctions and tariffs. Photo: RTHK The head of the Chinese Academy of Social Sciences, Gao Xiang, said on Monday that Hong Kong's national security law has plugged unguarded security risks. He was speaking as the academy hosted a seminar on One Country, Two Systems in Beijing. Gao described the national security law, which came into effect nearly five years ago, as "a golden shield" that ensures Hong Kong's safety and stability. "The national security law has brought about the resumption of law and order and the gradual revival of the economy," he said. "It consolidates Hong Kong's status as a free economy and continual improvements in the business environment. "Some global financial professionals have had to change their stances and are now singing the SAR's praises and acknowledging its new vitality. "The security law is widely supported by the public in Hong Kong and has won high support from the forces of justice in the international community." Speaking at the same function, a former deputy head of the Basic Law Committee, Elsie Leung, said the One Country, Two Systems principle has undergone reforms to catch up with the times. The former SAR justice secretary noted that the national security laws now in force follow the holistic approach set out by the country in 2014, unlike security concepts from the past century. She said the mainland and Hong Kong needed to deal with attacks. "How can we tackle sudden attacks, such as tariffs and sanctions?" Leung said. "There are safety risks in areas such as economic, financial, internet data and artificial intelligence. "These are all urgent, pressing questions that we have to deal with under One Country, Two Systems and in the new era." Leung added there's a need to groom more political talent following improvements to the electoral system. She said it's also worth looking into grooming more local judicial talent to lower a reliance on overseas judges.
RTHK
09-06-2025
- Politics
- RTHK
Security law 'a golden shield of safety and stability'
Security law 'a golden shield of safety and stability' Gao Xiang says some global financial professionals have changed their stances and are now singing Hong Kong's praises. Photo: RTHK Elsie Leung says the national security laws are needed to deal with sudden attacks, citing sanctions and tariffs. Photo: RTHK The head of the Chinese Academy of Social Sciences, Gao Xiang, said on Monday that Hong Kong's national security law has plugged unguarded security risks. He was speaking as the academy hosted a seminar on One Country, Two Systems in Beijing. Gao described the national security law, which came into effect nearly five years ago, as "a golden shield" that ensures Hong Kong's safety and stability. "The national security law has brought about the resumption of law and order and the gradual revival of the economy," he said. "It consolidates Hong Kong's status as a free economy and continual improvements in the business environment. "Some global financial professionals have had to change their stances and are now singing the SAR's praises and acknowledging its new vitality. "The security law is widely supported by the public in Hong Kong and has won high support from the forces of justice in the international community." Speaking at the same function, a former deputy head of the Basic Law Committee, Elsie Leung, said the One Country, Two Systems principle has undergone reforms to catch up with the times. The former SAR justice secretary noted that the national security laws now in force follow the holistic approach set out by the country in 2014, unlike security concepts from the past century. She said the mainland and Hong Kong needed to deal with attacks. "How can we tackle sudden attacks, such as tariffs and sanctions?" Leung said. "There are safety risks in areas such as economic, financial, internet data and artificial intelligence. "These are all urgent, pressing questions that we have to deal with under One Country, Two Systems and in the new era." Leung added there's a need to groom more political talent following improvements to the electoral system. She said it's also worth looking into grooming more local judicial talent to lower a reliance on overseas judges.
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Business Standard
09-06-2025
- Business
- Business Standard
Oswal Pumps IPO to open for bidding on June 13: Here's all you need to know
Oswal Pumps IPO: Oswal Pumps, a manufacturer and distributor of pumps, is set to launch its initial public offering (IPO) on June 13, 2025. The issue comprises a fresh issuance of ₹890 crore and an offer-for-sale (OFS) component of 8.1 million shares. Vivek Gupta, chairman and managing director is the promoter selling shareholder. The price bands for Oswal Pumps IPO are yet to be announced. Oswal Pumps IPO key dates According to the RHP, the three-day subscription window will tentatively close on Tuesday, June 17, 2025. The anchor investor bid period shall be one working day before the issue opening date i.e. Thursday, June 12, 2025. The basis of the allotment of shares is likely to be finalised on or before Wednesday, June 18, 2025. Shares of Oswal Pumps will be listed on both the exchanges, National Stock Exchange and BSE, tentatively on Friday, June 20, 2025. Oswal Pumps IPO registrar, lead manager MUFG Intime India, formerly Link Intime India, is the registrar of the issue. IIFL Capital Services, Axis Capital, CLSA India, JM Financial and Nuvama Wealth Management are the book-running lead managers. ALSO READ | Oswal Pumps IPO objective According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company plans to use ₹89.86 crore for funding certain capital expenditures, ₹272.75 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana. In addition, ₹280 crore will be used for prepayment or repayment, in part or full, of certain outstanding borrowings and ₹31 crore for repayment or prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. The remaining funds will be used for general corporate purposes. About Oswal Pumps Incorporated in 2003, Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the 'Oswal' brand. It caters to the diverse requirements of end-users in the agricultural sector, the residential sector, commercial premises such as shopping malls, offices and hotels, and various industries. As of December 31, 2024, the company has executed orders for 38,132 Turnkey Solar pumping Systems directly under the PM Kusum Scheme for several states such as Haryana, Rajasthan, Uttar Pradesh and Maharashtra. It operates a manufacturing facility located at Karnal, Haryana, which is one of India's largest single-site facilities for manufacturing pumps, covering a total land area of 41,076 square meters as of December 31, 2024. Oswal Pumps financial overview In the nine-month period ended December 31, 2024, the company posted revenue from operations of ₹1,065.6 crore and PAT of ₹216.7 crore. In the financial year 2023-24 (FY24), Oswal Pumps reported revenue from operations of ₹758.5 crore, up 97 per cent from ₹385 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹97.6 crore in FY24, nearly a two-fold jump from ₹34.1 crore in FY23. Its earnings before interest, tax, depreciation and amortisation (Ebitda) rose 1.5 times from ₹57.8 crore in FY23 to ₹150 crore in FY24.
Yahoo
28-05-2025
- Business
- Yahoo
Grays Peak and Valore Ventures' Acquires SencorpWhite, Expanding its Position as a Global Leader in Automation and Material Handling Industry
Grays Peak and Valore Ventures' ability to deliver end-to-end automation and storage solutions, addressing complex fulfillment and logistics challenges... NEW YORK, May 28, 2025 /PRNewswire/ -- The SencorpWhite portfolio adds a powerful group of renowned brands to a growing platform: White Systems – A market leader in vertical and horizontal carousels and Vertical Lift Modules (VLMs) Ascent Warehouse Logistics – Provider of Warehouse Management Systems (WMS) and Warehouse Execution Systems (WES) Accu-Seal and CeraTek – Industry-trusted names in medical, laboratory, and industrial heat sealing technologies Together, these offerings reinforce Grays Peak and Valore Ventures' ability to deliver end-to-end automation and storage solutions, addressing complex fulfillment and logistics challenges in retail, manufacturing, healthcare, pharmaceuticals, and industrial sectors. For decades, SencorpWhite's solutions have been deployed across thousands of global installations, supported by comprehensive customer services, including technical support, field service, and spare parts. The company's legacy of engineering excellence, precision manufacturing, and customer-centric design now forms a cornerstone of the portfolios enhanced capabilities. "The acquisition of SencorpWhite meaningfully enhances our position as a category-defining leader in the automation and material handling industry," said Scott Stevens, CEO of Grays Peak Capital. "This acquisition complements our existing portfolio—including McMurray Stern, Spacesaver Interiors and Tompkins Solutions—and significantly strengthens our vertical integration strategy, allowing us to serve the full spectrum of customer needs, from secure modular lockers to fully automated fulfillment ecosystems." SencorpWhite will continue operating under its trusted brand names, with a renewed focus on scaling innovation and operational excellence. Its heat-sealing technologies under CeraTek and Accu-Seal will remain critical to high-compliance industries such as medical devices, biotech, food, and aerospace packaging, where precision, sterility, and reliability are paramount. "Partnering with Grays Peak and Valore Ventures opens a new chapter for our company," said Corey Calla, President and CEO of SencorpWhite. "Their strategic insight, resources, and commitment to innovation will empower us to accelerate product development, deepen customer relationships, and expand our market presence. We are excited to build the future of automation together." This acquisition aligns with the long-term vision of Grays Peak Capital and Valore Ventures, to build a world-class platform that unites top-tier integrators, manufacturers, and software innovators into a fully integrated, automation-first enterprise. With an unmatched suite of engineering and implementation capabilities, the portfolio is uniquely positioned to drive the evolution of global supply chains and warehouse ecosystems. About Valore Ventures Valore Ventures invests in operating companies and commercial real estate with a focus on long-term value creation. The firm partners closely with management teams to unlock growth and optimize performance, while also redeveloping strategic real estate assets across the United States. Visit for more information. Media Contact Bridget BurkhardtVice Presidentbburkhardt-8013@ 822-0143 About Grays Peak Capital Grays Peak Capital ( Grays Peak is a global alternative investments firm currently managing assets for a diverse investor base of high-net worth individuals, family offices and institutions. Our portfolio includes multinational brands that have created value by disrupting mature industries and embracing technological innovation. Using a tiered investment process, we are able invest across the capital structure. We express these investments through our funds focusing on Venture Capital, Private Equity and Hedge Fund. Our goal is to identify and invest in disruptive industry trends focusing on Consumer and Technology. We target industries and sectors that are undergoing disruptive change typically catalyzed by technology. We invest in seed to late-stage and public companies, focusing on consumer and technology, media and telecom companies. Contact: Scott Stevens -CEO212-506-7050info@ View original content to download multimedia: SOURCE Grays Peak Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
