Asian Consumers Optimistic About The Future Over the Next 12 Months
Aug11

Asian Consumers Optimistic About The Future Over the Next 12 Months

 GfK’s Consumer Trend Study 2022 report studied the issues that concerned consumers in Southeast Asia, India and Taiwan. These matters will be discussed at the “GfK Insight Summit 2022: Winning the new consumerism in APAC” to be held on August 18, 2022. In the post COVID-19 era, understanding the forces that impact consumer attitudes and decisions and its effect on businesses is essential as the forces of supply chain challenges,...

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How to React When You Found Out Your Data is Compromised
Aug11

How to React When You Found Out Your Data is Compromised

 As we increase our reliance on online shopping, e-commerce companies and online payment service providers will continue to be a prime target for hackers as they often contain a wealth of customer’s data. The key takeaway from this recent incident is that cybercriminals do not look at auspicious timings before acting – the moment they detect any vulnerabilities in your system, they will take immediate action to exploit it. With a...

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No More Ransom Helped More Than 1.5 Million People Decrypt Their Devices
Aug11

No More Ransom Helped More Than 1.5 Million People Decrypt Their Devices

 No More Ransom, the initiative launched to help victims of ransomware decrypt their files, celebrates its six-year anniversary today. Since the launch, it has grown from four partners to 188 and has contributed 136 decryption tools covering 165 ransomware families. In doing so, it has helped more than 1.5 million people decrypt their devices all over the world – with the project available in 37 languages. In Southeast Asia...

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Hive, LockBit and BlackCat Ransomware Gangs Consecutively Attack the Same Network, Sophos Reports
Aug11

Hive, LockBit and BlackCat Ransomware Gangs Consecutively Attack the Same Network, Sophos Reports

 Sophos, a global leader in next-generation cybersecurity, today announced in the Sophos X-Ops Active Adversary whitepaper, “Multiple Attackers: A Clear and Present Danger,” that Hive, LockBit and BlackCat, three prominent ransomware gangs, consecutively attacked the same network. The first two attacks took place within two hours, and the third attack took place two weeks later. Each ransomware gang left its own ransom demand,...

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Crypto-Collapse And Rising Smart Attacks: Kaspersky Reports On DDOS In Q2
Aug11

Crypto-Collapse And Rising Smart Attacks: Kaspersky Reports On DDOS In Q2

 During Q2 2022, Distributed Denial of Service (DDoS) attacks reached a new level as the share of smart attacks and average duration saw steep increases. Compared to the previous year, the average duration of a DDoS attack rose 100 times, reaching 3,000 minutes. The share of smart attacks almost broke the four-year record, accounting for nearly 50% of the total. Experts also expect an increase in overall DDoS activity, especially...

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How to Choose A Right Payment Gateway
Aug04

How to Choose A Right Payment Gateway

 What is a payment gateway? A Payment Gateway is the middle party between your online store and the acquiring bank or acquirer that receives payments from your customers. In other words, once a customer enters their payment details on your website, the payment gateway is responsible for sending payment data securely (using encryption) to the Acquirer to seek payment authorization. Once the payment is authorized, online store will...

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Majority of Business Execs In SEA Anticipate Data Theft, APT, and Ransomware Attacks
Aug02

Majority of Business Execs In SEA Anticipate Data Theft, APT, and Ransomware Attacks

 With the many news reports highlighting the damages of cyberattacks against businesses and countries as a whole, Kaspersky’s fresh study revealed the heightened awareness of business executives in Southeast Asia (SEA) about the sophisticated risks online. Data theft, alongside Advanced Persistent Threat (APT) attacks and ransomware infections, are the highest on their list of concerns. The study titled “How business executives...

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MDEC Announces Glow Aspirasi To Fortify Sharing Economy And Support For Digital Freelancers
Jul27

MDEC Announces Glow Aspirasi To Fortify Sharing Economy And Support For Digital Freelancers

 Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency, today announced the Global Online Workforce (GLOW) Aspirasi programme for 2022, an initiative to continue supporting Malaysians to become competitive digital freelancers on a global platform. GLOW Aspirasi is a distinct programme that echoes GLOW, the main programme that was introduced in 2016, and focuses on providing intensive training and...

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ShopBack Selects AU10TIX’s AI Technology to Securely and Rapidly Verify Shoppers’ Identity
Jul27

ShopBack Selects AU10TIX’s AI Technology to Securely and Rapidly Verify Shoppers’ Identity

 ShopBack, Asia-Pacific’s leading shopping and rewards platform, announced today that it has selected AU10TIX, a leading global provider of fully automated identity verification technology, to further enhance the company’s KYC (Know Your Customer) and customer onboarding process for its new ShopBack PayLater feature. As the entry point for over 30 million shoppers across the Asia-Pacific, ShopBack aims to be the last...

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Cybersecurity Remains Key To Digital Transformation And Adoption In Malaysia Smes, Says Kaspersky
Jul26

Cybersecurity Remains Key To Digital Transformation And Adoption In Malaysia Smes, Says Kaspersky

 The Malaysian government introduced Malaysia Digital as the new national strategic initiative to encourage and attract companies, talents, and investments in the country. One of the key focus of Malaysia Digital is digitalising small and medium enterprises (SMEs). Kaspersky’s latest research on digital payments showed that among the countries in Southeast Asia, consumers in Malaysia (72%) strongly favoured the SME’s adoption of...

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