London, Jul 8: Rishi Sunak, the former UK Chancellor of the Exchequer, on Friday formally launched his leadership bid to succeed Boris Johnson as the new Conservative Party leader and future British Prime Minister.

The British Indian minister, who resigned from Johnson's Cabinet earlier this week setting off events in motion that ultimately led to his resignation, becomes the highest-profile Tory member of Parliament yet to throw his hat in the ring for the leadership race.

"Someone has to grip this moment and make the right decisions," he said in a social media video launching his campaign.

The 42-year-old MP and son-in-law of Infosys co-founder Narayana Murthy has long been seen as an heir apparent to Johnson at 10 Downing Street and is believed to have garnered the support of a significant chunk of the Conservative Party to launch his candidacy.

We need to make sure that's not the end of the British Indian story. There's lots more we can achieve. There's lots more we can do. And I'm really excited about the future, he told reporters last week, when asked if he could go on to be the first Indian-origin Prime Minister of the UK.

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TraceX Labs has introduced a set of cybersecurity tools aimed at helping enterprises and users monitor and manage digital threats more effectively. The company focuses on developing security technologies capable of identifying suspicious behavior across websites, applications, and mobile devices.

One of the company’s enterprise-focused platforms is URL X, a security system designed to analyze and monitor web links in real time. Malicious URLs distributed through emails, messaging platforms, websites, and advertisements remain one of the most common entry points for cyberattacks. These links can redirect users to fraudulent websites or initiate malware downloads intended to steal sensitive information.

URL X works by evaluating web links at the moment they are accessed rather than relying only on static threat databases. The system analyzes link behavior, domain infrastructure, and redirect patterns to determine whether a destination may pose a potential security risk. This approach allows organizations to detect suspicious links before they can compromise systems or user data.

In addition to enterprise security tools, the company has also developed TraceX Guard, an Android-based mobile security application designed to protect smartphones from digital threats. The application monitors device activity and scans installed apps, external links, and QR codes to detect risks such as malware, spyware, ransomware, and phishing attempts.

Cybersecurity experts note that malicious links and compromised mobile applications remain among the most widely used techniques in cybercrime. As smartphones are commonly used for banking, digital payments, and communication, protecting mobile devices has become an essential component of modern cybersecurity strategies.

With the increasing reliance on connected devices and digital infrastructure, technologies capable of detecting threats in real time are expected to play an important role in helping organizations and individuals protect their digital environments.