some of our digipasses are compliant with the europay 32 mastercard visa ( emv ) standard and are compatible with mastercard 's and visa 's chip authentication program ( cap ) . some of our digipasses comply with the initiative for open authentication ( oath ) . as evidenced by our current customer base , most of our products are purchased by businesses and , depending on the business application , are distributed to either their employees or their customers . those customers may be other businesses or , as an example in the case of internet and mobile banking , our customer banks ' corporate and retail customers . our target market is any business process that uses some form of electronic interface , particularly the internet , where the owner of that process is at risk if unauthorized users can gain access to its process and either obtain proprietary information or execute transactions that are not authorized . our products can not only increase the security associated with accessing the business process , thereby reducing the losses from unauthorized access , but also , in many cases , can reduce the cost of the process itself by automating activities that were previously performed manually . we offer our products either through : ( a ) a product sales and licensing model or ( b ) through our services platform , which includes our cloud-based service offering , digipass as a service ( dpaas ) or mydigipass ( mdp ) or together ( dpaas/mdp ) . our product license and sales model is expected to be used in situations where the application owner wants to control all of the critical aspects of the authentication process . we expect that our services platform will be used by : ( a ) companies lacking technical resources or expertise to implement a full authentication process or preferring to focus their primary attention on other aspects of their business rather than on the authentication process or ( b ) companies that want to verify identities through our platform or ( c ) consumers that are aware of the dangers posed by identity theft . in may 2013 , we acquired cronto limited , a provider of secure visual transaction authentication solutions for online banking . using the patented cronto technology , customers can establish a secure optical communication channel with their client and display the details of a transaction in an encrypted graphical cryptogram consisting of a matrix of colored dots , which are displayed on the end user 's screen . account holders can simply scan the image with our device to verify the transaction details and respond with an electronic signature , if needed . in may 2014 , we acquired risk ids , a provider of risk-based authentication solutions to the global banking community . risk-based authentication provides a more flexible process of authentication to ensure higher risk profiles result in stronger challenges . it allows the application to request additional credentials when the risk level is higher . contextual information that may be used in risk-based authentication includes user location , device characteristics , transaction amount , and other factors . this method is designed to provide the appropriate level of security depending on the identified risks for a particular transaction or user . industry growth : we do not believe that there are any accurate measurements of the total industry 's size or the industry 's growth rate . we believe , however , that the industry using our product sales and licensing model will grow at a significant rate as the use of the internet increases and the awareness of the risks of using the internet become more prevalent among application owners . we also believe that a market will develop for our cloud-based service offering and grow at a significant rate as business owners and consumers become more aware of the risks involved in conducting business over the internet . we expect that growth will be driven by new government regulations , growing awareness of the impact of cyber-crime , and the growth in commerce that is transacted electronically . the issues driving the growth are global issues and the rate of adoption in each country is a function of that country 's culture , the competitive position of businesses operating in that country , the country 's overall economic conditions and the degree to which businesses and consumers within the country use technology . economic conditions : our revenue may vary significantly with changes in the economic conditions in the countries in which we currently sell products . with our current concentration of revenue in europe and specifically in the banking/finance vertical market , significant changes in the economic outlook for the european banking market may have a significant effect on our revenue . 33 there continues to be significant global economic uncertainty , including europe , our most important market . while the european union and european central bank continue to implement new programs to adapt to changing economic conditions in the region , europe continues to struggle with sovereign debt issues and , in most recent months , a currency , primarily the euro , that has weakened against the u.s. dollar and other currencies . as a result , we expect that europe will continue to face difficult economic conditions in 2015. we believe that the current economic conditions in europe may limit our growth opportunities in the enterprise and application security market , but do not expect that the economic conditions will have a significant impact on the banking market . story_separator_special_tag in other countries by $ 301 compared to 2012 due in large part to the strengthening of the u.s. dollar compared to the australian dollar . had currency exchange rates in 2013 remained unchanged from 2012 , revenues in other countries would have been approximately 35 % higher than in full-year 2012. revenue by target market : revenue is generated currently from two primary markets , ( 1 ) banking and ( 2 ) enterprise and application security , through the use of both direct and indirect sales channels . the enterprise and application security market includes products used by employees of corporations to secure their internal networks ( the enterprise security market ) and business-to-business , business-to-consumer , e-commerce , e-government , e-gaming and other vertical applications ( the application security market ) that are not related to banking or finance . in addition , maintenance and support services associated with all markets are included in the enterprise and application security market results . management currently views the enterprise and application security market as one market because the same products are sold using the same methods to both groups ( i.e . , a direct touch model and channel distribution model ) . sales to the enterprise and application security market are 38 generally for smaller quantities and higher prices than sales made to the banking market . the breakdown of revenue between the two primary markets is as follows : replace_table_token_5_th 2014 compared to 2013 revenue for the full year 2014 from the banking market increased $ 41,292 , or 33 % , from 2013 and revenue from the enterprise and application security market increased $ 5,198 or 18 % in the same period . the increase in revenues from the banking market reflects an increase in both hardware and non-hardware . the increase in hardware revenue resulted primarily from increased sales of our card readers that either include our crontosign technology or provide a high level of functionality , such as those that can read both a bank card and a government issued identification card . the increase in non-hardware products primarily reflected an increase in revenue from our mobile solutions , such as digipass for mobile or digipass for apps , and revenue from license and support revenue related to crontosign products . the increase in revenue from the enterprise and application security market reflects an increase in non-hardware revenue , primarily maintenance and support . the changes in revenue in both markets reflects the transaction nature of our business where the absolute amount of revenue reported in any given period is a reflection of transactions closed in that period . also , given the sustainable , repeatable nature of our revenue model , we believe that the growth over a longer period of time reflects the growth in our customer base , which we expect will lead to continued increases in revenues in future years , albeit with uneven growth reported annually . we expect that customers that have purchased our products in prior years will replace those products in future years for several reasons , including but not limited to ; upgrading to products that are more convenient for their customers to use and or provide a higher level of security ( e.g . , our products with electronic or digital signing capability ) to counteract the increasing sophistication of parties attempting to steal their customers ' identities or conduct man-in-the-middle attacks , establishing a competitive advantage in their market place by providing technology that differs from their competitors , expanding the use of our products to provide security over new applications that may be offered by our customers to their application users , and replacing existing products that may have been lost or are reaching the end of their useful lives . 2013 compared to 2012 revenue for the full year 2013 from the banking market increased $ 2,105 ( or 2 % ) from 2012 and revenue from the enterprise and application security market decreased $ 1,087 or 4 % in the same period . 39 the increase in the banking market reflects an increase in non-hardware revenue and the benefit of currency exchange rates partially offset by a decline in revenue from hardware products . the decline in revenue from the enterprise and application security market reflects a decrease in both hardware and non-hardware products sold partially offset by the benefit of currency exchange rates . gross profit and operating expenses the following table sets forth , for the periods indicated , certain consolidated financial data as a percentage of revenue from continuing operations for the years ended december 31 , 2014 , 2013 , and 2012. replace_table_token_6_th gross profit 2014 compared to 2013 consolidated gross profit for 2014 was $ 127,766 , an increase of $ 27,895 , or 28 % , from the $ 99,871 reported for 2013. gross profit as a percentage of revenue ( gross profit margin ) was 63 % in 2014 compared to 64 % in 2013. the decrease in the gross profit margin was primarily attributable to the following factors : an unfavorable mix of products sold , with revenues from the enterprise and application security market decreasing from 18 % to 17 % of our total revenue , and a decline in the gross margins from hardware products sold in the banking market . gross margin on product sold reflects the specific mix of product and quantities sold in each period . as the size of deals increase , the gross margin generally declines . for 2014 , gross margins from product sold in the banking market was approximately 1.8 percentage points lower than in 2013. gross margins from product sold in the enterprise and application security market was approximately 0.5 percentage points higher in 2014 compared to 2013. revenue from the enterprise and application security market , which generally has gross profit margins that are 20 to 30 percentage points higher than

liquidity and capital resources at december 31 , 2014 , we had net cash balances ( total cash , cash equivalents and restricted cash less bank borrowings ) of $ 72,441 and short term investments of $ 64,940. we had no outstanding debt or restricted cash at december 31 , 2014. short term investments at december 31 , 2014 , consisting of high quality commercial paper with maturities of less than nine months , were held by our u.s. entities and issued by domestic and foreign corporations . at december 31 , 2014 , we held $ 24,063 of cash in banks in the united states and $ 48,378 of cash in banks outside of the united states . of that amount , $ 47,312 is not subject to significant repatriation restrictions , but would be subject to taxes upon repatriation . we have not provided u.s.tax on unremitted foreign earnings as we consider them to be permanently invested . cash provided by operating activities was $ 38,754 during the year ended december 31 , 2014. during 2014 , we used $ 67,800 for investing activities , including net short term investments of $ 64,940 and $ 1,453 for additions to property and equipment . financing activities provided $ 181 , primarily consisting of the tax benefit of stock-based compensation and proceeds from the exercise of stock options . cash provided by operating activities was $ 10,331 during the year ended december 31 , 2013. during 2013 , we used $ 20,466 for investing activities , including $ 19,495 for the purchase of cronto and $ 944 for additions to property and equipment . financing activities provided $ 2,434 , primarily stock option proceeds and tax benefits .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources at december 31 , 2014 , we had net cash balances ( total cash , cash equivalents and restricted cash less bank borrowings ) of $ 72,441 and short term investments of $ 64,940. we had no outstanding debt or restricted cash at december 31 , 2014. short term investments at december 31 , 2014 , consisting of high quality commercial paper with maturities of less than nine months , were held by our u.s. entities and issued by domestic and foreign corporations . at december 31 , 2014 , we held $ 24,063 of cash in banks in the united states and $ 48,378 of cash in banks outside of the united states . of that amount , $ 47,312 is not subject to significant repatriation restrictions , but would be subject to taxes upon repatriation . we have not provided u.s.tax on unremitted foreign earnings as we consider them to be permanently invested . cash provided by operating activities was $ 38,754 during the year ended december 31 , 2014. during 2014 , we used $ 67,800 for investing activities , including net short term investments of $ 64,940 and $ 1,453 for additions to property and equipment . financing activities provided $ 181 , primarily consisting of the tax benefit of stock-based compensation and proceeds from the exercise of stock options . cash provided by operating activities was $ 10,331 during the year ended december 31 , 2013. during 2013 , we used $ 20,466 for investing activities , including $ 19,495 for the purchase of cronto and $ 944 for additions to property and equipment . financing activities provided $ 2,434 , primarily stock option proceeds and tax benefits .
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 Suspicious Activity Report : some of our digipasses are compliant with the europay 32 mastercard visa ( emv ) standard and are compatible with mastercard 's and visa 's chip authentication program ( cap ) . some of our digipasses comply with the initiative for open authentication ( oath ) . as evidenced by our current customer base , most of our products are purchased by businesses and , depending on the business application , are distributed to either their employees or their customers . those customers may be other businesses or , as an example in the case of internet and mobile banking , our customer banks ' corporate and retail customers . our target market is any business process that uses some form of electronic interface , particularly the internet , where the owner of that process is at risk if unauthorized users can gain access to its process and either obtain proprietary information or execute transactions that are not authorized . our products can not only increase the security associated with accessing the business process , thereby reducing the losses from unauthorized access , but also , in many cases , can reduce the cost of the process itself by automating activities that were previously performed manually . we offer our products either through : ( a ) a product sales and licensing model or ( b ) through our services platform , which includes our cloud-based service offering , digipass as a service ( dpaas ) or mydigipass ( mdp ) or together ( dpaas/mdp ) . our product license and sales model is expected to be used in situations where the application owner wants to control all of the critical aspects of the authentication process . we expect that our services platform will be used by : ( a ) companies lacking technical resources or expertise to implement a full authentication process or preferring to focus their primary attention on other aspects of their business rather than on the authentication process or ( b ) companies that want to verify identities through our platform or ( c ) consumers that are aware of the dangers posed by identity theft . in may 2013 , we acquired cronto limited , a provider of secure visual transaction authentication solutions for online banking . using the patented cronto technology , customers can establish a secure optical communication channel with their client and display the details of a transaction in an encrypted graphical cryptogram consisting of a matrix of colored dots , which are displayed on the end user 's screen . account holders can simply scan the image with our device to verify the transaction details and respond with an electronic signature , if needed . in may 2014 , we acquired risk ids , a provider of risk-based authentication solutions to the global banking community . risk-based authentication provides a more flexible process of authentication to ensure higher risk profiles result in stronger challenges . it allows the application to request additional credentials when the risk level is higher . contextual information that may be used in risk-based authentication includes user location , device characteristics , transaction amount , and other factors . this method is designed to provide the appropriate level of security depending on the identified risks for a particular transaction or user . industry growth : we do not believe that there are any accurate measurements of the total industry 's size or the industry 's growth rate . we believe , however , that the industry using our product sales and licensing model will grow at a significant rate as the use of the internet increases and the awareness of the risks of using the internet become more prevalent among application owners . we also believe that a market will develop for our cloud-based service offering and grow at a significant rate as business owners and consumers become more aware of the risks involved in conducting business over the internet . we expect that growth will be driven by new government regulations , growing awareness of the impact of cyber-crime , and the growth in commerce that is transacted electronically . the issues driving the growth are global issues and the rate of adoption in each country is a function of that country 's culture , the competitive position of businesses operating in that country , the country 's overall economic conditions and the degree to which businesses and consumers within the country use technology . economic conditions : our revenue may vary significantly with changes in the economic conditions in the countries in which we currently sell products . with our current concentration of revenue in europe and specifically in the banking/finance vertical market , significant changes in the economic outlook for the european banking market may have a significant effect on our revenue . 33 there continues to be significant global economic uncertainty , including europe , our most important market . while the european union and european central bank continue to implement new programs to adapt to changing economic conditions in the region , europe continues to struggle with sovereign debt issues and , in most recent months , a currency , primarily the euro , that has weakened against the u.s. dollar and other currencies . as a result , we expect that europe will continue to face difficult economic conditions in 2015. we believe that the current economic conditions in europe may limit our growth opportunities in the enterprise and application security market , but do not expect that the economic conditions will have a significant impact on the banking market . story_separator_special_tag in other countries by $ 301 compared to 2012 due in large part to the strengthening of the u.s. dollar compared to the australian dollar . had currency exchange rates in 2013 remained unchanged from 2012 , revenues in other countries would have been approximately 35 % higher than in full-year 2012. revenue by target market : revenue is generated currently from two primary markets , ( 1 ) banking and ( 2 ) enterprise and application security , through the use of both direct and indirect sales channels . the enterprise and application security market includes products used by employees of corporations to secure their internal networks ( the enterprise security market ) and business-to-business , business-to-consumer , e-commerce , e-government , e-gaming and other vertical applications ( the application security market ) that are not related to banking or finance . in addition , maintenance and support services associated with all markets are included in the enterprise and application security market results . management currently views the enterprise and application security market as one market because the same products are sold using the same methods to both groups ( i.e . , a direct touch model and channel distribution model ) . sales to the enterprise and application security market are 38 generally for smaller quantities and higher prices than sales made to the banking market . the breakdown of revenue between the two primary markets is as follows : replace_table_token_5_th 2014 compared to 2013 revenue for the full year 2014 from the banking market increased $ 41,292 , or 33 % , from 2013 and revenue from the enterprise and application security market increased $ 5,198 or 18 % in the same period . the increase in revenues from the banking market reflects an increase in both hardware and non-hardware . the increase in hardware revenue resulted primarily from increased sales of our card readers that either include our crontosign technology or provide a high level of functionality , such as those that can read both a bank card and a government issued identification card . the increase in non-hardware products primarily reflected an increase in revenue from our mobile solutions , such as digipass for mobile or digipass for apps , and revenue from license and support revenue related to crontosign products . the increase in revenue from the enterprise and application security market reflects an increase in non-hardware revenue , primarily maintenance and support . the changes in revenue in both markets reflects the transaction nature of our business where the absolute amount of revenue reported in any given period is a reflection of transactions closed in that period . also , given the sustainable , repeatable nature of our revenue model , we believe that the growth over a longer period of time reflects the growth in our customer base , which we expect will lead to continued increases in revenues in future years , albeit with uneven growth reported annually . we expect that customers that have purchased our products in prior years will replace those products in future years for several reasons , including but not limited to ; upgrading to products that are more convenient for their customers to use and or provide a higher level of security ( e.g . , our products with electronic or digital signing capability ) to counteract the increasing sophistication of parties attempting to steal their customers ' identities or conduct man-in-the-middle attacks , establishing a competitive advantage in their market place by providing technology that differs from their competitors , expanding the use of our products to provide security over new applications that may be offered by our customers to their application users , and replacing existing products that may have been lost or are reaching the end of their useful lives . 2013 compared to 2012 revenue for the full year 2013 from the banking market increased $ 2,105 ( or 2 % ) from 2012 and revenue from the enterprise and application security market decreased $ 1,087 or 4 % in the same period . 39 the increase in the banking market reflects an increase in non-hardware revenue and the benefit of currency exchange rates partially offset by a decline in revenue from hardware products . the decline in revenue from the enterprise and application security market reflects a decrease in both hardware and non-hardware products sold partially offset by the benefit of currency exchange rates . gross profit and operating expenses the following table sets forth , for the periods indicated , certain consolidated financial data as a percentage of revenue from continuing operations for the years ended december 31 , 2014 , 2013 , and 2012. replace_table_token_6_th gross profit 2014 compared to 2013 consolidated gross profit for 2014 was $ 127,766 , an increase of $ 27,895 , or 28 % , from the $ 99,871 reported for 2013. gross profit as a percentage of revenue ( gross profit margin ) was 63 % in 2014 compared to 64 % in 2013. the decrease in the gross profit margin was primarily attributable to the following factors : an unfavorable mix of products sold , with revenues from the enterprise and application security market decreasing from 18 % to 17 % of our total revenue , and a decline in the gross margins from hardware products sold in the banking market . gross margin on product sold reflects the specific mix of product and quantities sold in each period . as the size of deals increase , the gross margin generally declines . for 2014 , gross margins from product sold in the banking market was approximately 1.8 percentage points lower than in 2013. gross margins from product sold in the enterprise and application security market was approximately 0.5 percentage points higher in 2014 compared to 2013. revenue from the enterprise and application security market , which generally has gross profit margins that are 20 to 30 percentage points higher than

