Don’t Be a Victim: How to Identify and Prevent Scams
Scams have become an increasingly prevalent threat in Malaysia, encompassing a wide range of deceptive practices that prey on unsuspecting individuals. From elaborate online schemes to fraudulent investment opportunities, these scams not only pose financial risks but also undermine trust and confidence in the digital landscape. In response to this growing concern, authorities and advocacy groups are ramping up efforts to educate the...
Exploring the Best Alternatives to Amazon
As the digital shopping landscape continues to evolve, consumers seek alternatives to Amazon for their online shopping needs. With Amazon’s recent deployment of AI-powered shopping assistants like Rufus, the competition among e-commerce giants intensifies, prompting exploration into other platforms offering innovative shopping experiences. Amazon’s strategic utilization of AI-driven technologies, notably with the launch of...
World Backup Day commentary – Modernising backup and recovery is do-or-die for APAC enterprises
In today’s data-first world, data has become the life force that enterprises use to accelerate decision velocity and deliver continuous innovation. With data driving so much strategic business decision-making, protecting organisational data is a critical priority for APAC enterprises. Traditional backup and recovery solutions are increasingly struggling to comprehensively protect the rapidly growing data volume, especially in hybrid...
Navigating Chinese New Year Online Shopping, Tips for a Prosperous Experience
The Chinese New Year, also known as the Lunar New Year, is a time of joy, celebration, and renewal for many cultures around the world. As the digital age continues to transform the way we shop, online shopping during the season has become increasingly popular. Malaysia’s e-commerce sector, having thrived with a decade of robust growth, has captured a substantial market share, with 66.6% of Malaysians now purchasing products and...
New Year, New Old Tricks: Phishing Scammers Lure Victims with Fake Giveaways
“The most wonderful time of the year” is known for its generous sales, holiday cheer, and the notion of miracles around the corner. Unfortunately, it’s also a hot time for scammers, who steal personal data and money, precisely when everyone is having fun and letting their guard down. At this time of year, Kaspersky experts identified cases of phishing built around the Christmas and New Year season of giving: scammers are disguising...
Keeping Yourself Safe Online Beyond Cybersecurity Awareness Month
While October was global Cybersecurity Awareness Month to raise awareness for the importance of protecting ourselves and our businesses online, it takes more than a month of awareness to reduce the risk of a cyberattack. That is why initiatives like that of the Malaysian Government, which allocated RM60 million to bolster the nation’s cybersecurity measures to combat scams and cyberattacks on an ongoing basis are critically...
Who are you talking to? Opportunities and risks of AI chatbots for children
Nowadays, there is no denying that Artificial Intelligence (AI) has become an integral part of our lives, whether we are aware of it or not. Whether it’s the phone we hold in our hands, our transportation systems, or even our education; it is slowly replacing many of the tools we once thought were innovative. Most notably, ChatGPT showed the everyday person in real terms, what a natural language-based AI can do. People around the...
Cloud Adoption a clear winner for Malaysia’s financial services industry
The use of cloud computing is rapidly increasing across Southeast Asia, and Malaysia is no exception. The country’s cloud computing industry is projected to grow to US$3.7 billion by 2024, and the financial services industry is expected to be a major driver of this growth. Cloud technology in financial services is becoming increasingly popular for a number of reasons. Firstly, cloud technology can help financial institutions...
Accounting for a Sustainable Future: Integrating ESG Principles
As the temperatures around Europe and the rest of the world continue to soar to record levels along with unrests over social inequalities, Environmental, Social and Governance (ESG) adoption and compliance has taken centre stage. Closer to home, major and frequent floods are expected to continue in Malaysia. We are also experiencing more frequent and severe heatwaves. As Malaysia faces the realities of climate change and social...
Building a Resilient Cyber Defence for Malaysia’s Financial and Banking Industry
The finance and banking sector in Malaysia is experiencing rapid digital transformation, driven by technological advancements such as cloud applications, open banking and fintech innovations. However, these advancements also pose an increased risk of cyber-attacks for the industry. With vast databases containing highly sensitive personally identifiable information (PII), corporate data and financial records, these organisations become...
Small and Medium Businesses – Remember: Your Own Employees Might Cause Cyber Compromise
Many small or medium businesses think they can do without a cybersecurity solution since they believe they cannot fall prey to cybercriminals. However, the recent study reports that nearly 46% of all cyberattacks are targeted at SMBs. And, according to the data from the World Economic Forum, 95% of cybersecurity breaches are attributed to human error. These figures claim that small and medium-sized businesses may be unaware that...
Getting Ready for Developing Secure Electric Vehicles
With a global shift towards renewable energy, the automotive industry is also adapting and making a move towards EVs (electric vehicles). EVs typically offer lower operating costs, reduced emissions, quieter operation and smoother driving experience. EVs and autonomous vehicles in Asia is one of the fastest growing markets and most of the Southeast Asian countries have already pledged to ramp up their EV push and achieve net-zero...
Keep Your Duit Raya Safely
Duit Raya, a traditional gift of money during Hari Raya Aidilfitri, has evolved with the times. Since the introduction of the first eWallet platform in Malaysia in 2017, many generous givers and recipients have switched to various cashless methods. Today, over half of the Malaysian population is using cashless payment methods daily, and there are currently 43 eWallet operators in the country. In 2022, the value of electronic money...
Back-to-the-Office Plan by Kaspersky
The COVID-19 pandemic caused the world to go on lockdown in March 2020, leading to a rushed transition to work from home in Southeast Asia. A year later, employees partially returned to the office, creating a hybrid work setup that has now become the new norm. While the hybrid work setup isn’t entirely new, employees are now more inclined to stick to it, and companies have come to accept it as it has proven to work fairly well...
5 WhatsApp Strategies to Drive Sales During Ramadan for Small and Medium-Sized Businesses in Malaysia
As Ramadan approaches, business owners are looking for effective ways to maintain their operations and stay connected with customers. In Malaysia, small and medium-sized businesses (SMEs) make up an impressive 97.4% of all businesses. With its secure, reliable, and private messaging capabilities, WhatsApp has become a popular choice for businesses to communicate with customers during this busy season. Here are five strategies that can...
7 Tips for Using WhatsApp to Connect with Loved Ones During Ramadan
Ramadan, a holy month of reflection and togetherness, is a time when people spend more time with family and friends, plan community meets, and organise charity events. With the ease of WhatsApp, much of this planning and organising can be done within the privacy of chats. Here are some tips and ideas for using WhatsApp effectively to create new memories with loved ones this Ramadan. Plan your virtual iftar Breaking fast during Ramadan...
Lights, Camera, Scam: Kaspersky Reports Growing Scamming Activity Amid World’s Most Popular Film Awards
As people around the globe look forward to the upcoming Oscars 2023 on March 12, Kaspersky experts are warning of a surge in scams using the hype and popularity of the event to deceive people. Scammers are creating fake websites offering free streaming of Oscar-nominated movies, prompting users to give away their personal and banking information and to also download malware. Kaspersky experts identified various websites claiming to...
Essential Tips for Malaysians to Safeguard Yourself and Your Family from Scams
Malaysia is seeing an increase in the number of online scams, on email, phone, messaging platforms and SMS. According to police statistics, scam cases have increased from 17,000 in 2020 to over 20,000 in 2021. Between January and July in 2022 alone, 12,092 cases were reported with losses of RM414.8 million. Unfortunately, many people fall prey to scams as scammers use convincing messages, fake profiles, and phishing tactics to deceive...
Seven Tips On Mitigating Cyber Risks To Your Corporate Social Media In 2023
Threats to corporate social media are evolving along with perpetrators’ social engineering skills at a blistering pace. Sometimes their techniques reach such a high level that even the tech-savvy administrator of a corporate network can’t tell the difference between a scam and the truth. As many businesses use social media to promote their products and services, these threats are relevant to an extremely large number of...
Data breaches: A Guide for Malaysian Businesses
Over the past several years, Malaysian organisations have increasingly become the targets of vicious cyberattacks with notable data breaches and data leaks continuing to make national headlines. A data breach is when an organisation’s sensitive, confidential, or protected data is taken from a system without verified authorization and is then usually exposed or sold on the dark web. In the case of ransomware attacks, hackers will...
