Posts Tagged ‘cybersecurity’

AXS Earmarks Millions in Partnership with HL Assurance to Enhance Cyber Fraud Protection for Users

Thursday, May 30th, 2024

AXS users can now gain access to greater protection with HL Assurance. * This is a sponsored post.

For more information, please visit AXS website here.

For more information, please visit AXS website here.

AXS, a leading provider of secure and convenient payment solutions with over 23 years of industry experience, is investing S$3.5 million to launch a Cyber Fraud Protection insurance feature in collaboration with HL Assurance.

“We are thrilled to partner with HL Assurance to offer a first-of-its-kind fraud insurance and a $5 AXS bill payment voucher to all AXS mobile app users. This initiative not only aims to provide our customers with peace of mind in their everyday lives but also seeks to help alleviate financial burden. Together, we are committed to delivering innovative solutions that offer comprehensive protection and tangible relief to our users,” commented Chin Mun Chung, CEO of AXS Services.

The new initiative, available to AXS users until 31 May 2025, offers them enhanced protection against fraudulent activities and includes a complimentary S$5 AXS bill payment e-voucher upon sign-up.

AXS is licensed by the Monetary Authority of Singapore as a Major Payment Institution and certified with Data Protection Trustmark.

Its secured and trusted platform garnered over one million consumers every month, with access to AXS’s extensive range of over 800 bill payment services through a network of kiosks, mobile app and Internet portal.

The Fraud Protect360 insurance covers AXS users for up to S$1,000 against cyber incidents such as unauthorised electronic fund transfer from their personal bank accounts and online retail fraud where payment was sent but goods were not received.

Introduced in partnership with HL Assurance, this insurance plan aims to offer an extra layer of protection, ensuring peace of mind for users as they conduct their transactions on the AXS platform and engage in other online activities.


Dell Offers Zero Trust & Cybersecurity Solutions to Protect Multicloud & Edge Environments

Tuesday, October 4th, 2022

The new cybersecurity offerings and services from Dell help provide greater resilience for modern security.

John Roese (left), global chief technology officer; and Amit Midha (right, president, Asia Pacific & Japan, and Global Digital Cities from Dell Technologies hosted the power briefing last week (30 September 2022) on the new services and solutions to help enterprises embrace Zero Trust and build cyber resilience.

John Roese (left), global chief technology officer; and Amit Midha (right, president, Asia Pacific & Japan, and Global Digital Cities from Dell Technologies hosted the power briefing last week (30 September 2022) on the new services and solutions to help enterprises embrace Zero Trust and build cyber resilience.

Dell’s new cybersecurity services, endpoint and cyber protection solutions help customers build cyber resilience.

Dell aims to simplify Zero Trust cybersecurity adoption by streamlining integration across IT environments.

More details below from the press release.


Interview: Gigamon President & CEO on Winning the Cybersecurity Cat-and-Mouse Game

Monday, May 9th, 2022

One week into being promoted to the top job of President and CEO of Gigamon, Shane Buckley sat down with to share his strategy for Gigamon and how Deep Observability can help enterprises turn the table on sophisticated hackers in the cat-and-mouse game that is Cybersecurity.

Shane Buckley, President and CEO of Gigamon.

Shane Buckley, President and CEO of Gigamon.

Cloud adoption has come into its own in recent years, with the COVID-19 pandemic spurring more digital transformation around the world in two years than the preceding 10 years.

“Here in Asia, the growth of hybrid cloud is phenomenal. 73% of organisations in Asia Pacific that were surveyed will deploy hybrid cloud – more than just a multi public cloud solution – because they want to leverage the existing infrastructure and data centres they have; and to enjoy the flexibility, scale, automation, orchestration, that you get from any of these different cloud based technologies, such as Nutanix, VMware and others,” Buckley said.

This growth and move to the cloud is the driver behind the increased challenges of cybersecurity in this era – because of the complexities of operating on hybrid multi cloud IT infrastructure, and the increased sophistication of hackers.

Buckley shares that “one of the biggest lessons from 2021 is that the nature of the threat is continuing to get more sophisticated, with nation state actors, as well as nefarious groups that have become extremely adept at hacking into some of the world’s supposedly most secure networks and infrastructures”.

Enterprises need all the help they can get securing their IT infrastructure and fending off attacks arising from the increased exposure of the cloud environment.

Buckley observes that this battle is like a “cat-and-mouse” game in which – unfortunately – the mouse is winning. His role at Gigamon is to make sure the nefarious actors don’t win, by teaching and equipping companies and organisations with the ability to better provide security for their infrastructure.

“Gigamon is the leader in visibility and analytics for organisations worldwide, we help secure some of the most secure, most complex, most challenging networks on the planet. Our ability to see, control and secure workloads, no matter where they sit in the hybrid, multi cloud is what we’ve delivered through the Gigamon labs,” says Shane Buckley, President and CEO, Gigamon.

Research has shown that in 2021, 68% of all US organisations were hacked, which was up from over 50% in 2020. Many of those cases – some 25-30 percent – are ransomware attacks where organisations have to pay literally billions of dollars to these actors to release data that had been illegally encrypted and beyond use for those organisations.

“In that environment, where the nature of the threat is getting more sophisticated, we companies who actually provide protection for customers, we’ve got to move faster, because the level of sophistication of these people is becoming exponentially higher. We have to make sure that we can respond,” said Buckley.

“We’re in a unique position to provide those customers with the foundational visibility analytics they need to enhance their security posture and ensure they can minimise risk, maximise compliance, and try as much as we can to get the bad actors out,” Buckley added.

More details from the interview below.


Appointment: Shane Buckley as Gigamon CEO and President

Monday, April 18th, 2022

Gigamon has appointed Shane Buckley as the President and Chief Executive Officer, effective Monday, 18 April 2022. After 10 years, Paul Hooper is stepping down from the CEO role but will remain an active member of the Gigamon Board of Directors.

Shane Buckley, President and CEO, Gigamon.

Shane Buckley, President and CEO, Gigamon.

As a leading deep observability company, Gigamon provides the tools and expertise required in today’s evolving threat landscape to help optimise and secure over 80 percent of Fortune 100 enterprises and 9 of the 10 largest mobile network providers.

“Enterprises are quickly shifting toward hybrid and multi-cloud deployments to accelerate digital transformation initiatives but, unfortunately, they must contend with an ever-more dangerous threat landscape. I look forward to entering this new phase of growth focused on addressing the evolving requirements of our customers by investing in the deep observability solutions required to achieve the full agility of a resilient digital infrastructure without risk,” said Paul Buckley, incoming President & CEO, Gigamon.

The company also serves hundreds of government agencies and educational organizations, as well as over 4,000 marquee enterprise customers worldwide including Lockheed Martin, AWS, Clemson University, Johns Hopkins Medical Institution, Under Armour and the Department of Defense.

Under the leadership of outgoing CEO, Paul Hooper, Gigamon became a trusted market leader in network visibility and security solutions.

A New Frontier: Deep Observability

Buckley will lead the next evolution of Gigamon as the company invests in and seeks to lead the emerging deep observability market.

Gigamon offers a deep observability pipeline that harnesses actionable network-level intelligence to amplify the power of cloud, security, and observability tools.


Cyberattacks on Retailers and Shoppers to Rise in November

Thursday, November 4th, 2021

Cyberattacks on online retailers and shoppers are projected to rise in November in conjunction with Singles’ Day, Black Friday and Cyber Monday. Here are some protective measures that shoppers and retailers can practise.

According to the Imperva’s “The State of Security Within eCommerce 2021” report, threats are escalating for the retail industry.

According to the Imperva’s “The State of Security Within eCommerce 2021” report, threats are escalating for the retail industry.

Imperva has released a new eCommerce report and issued advice around safe retailing in conjunction with the world’s biggest online shopping event on Nov 11 − Singles’ Day.

“The 2021 holiday shopping season is shaping up to be a nightmare for both retailers and consumers. With the global supply chain conditions worsening, retailers will not only struggle to get products to sell in Q4, but will face increased attacks from motivated cybercriminals who want to benefit from the chaos. Retailers and consumers alike need to take the necessary steps to protect themselves,” says Peter Klimek, Director of Technology, Office of the CTO, Imperva.

The company helps organisations protect their data and all paths to it – securing their applications, data and websites from cyber attacks.

Last year, Chinese e-commerce giants Alibaba and racked up around US$115 billion in sales across their platforms during the Singles Day shopping event, setting a new record.

Singles’ Day online sales in China usually surpass the US Cyber Monday sales, Black Friday or any other 24-hour shopping campaign by a wide margin making it the biggest shopping holiday in the world.

Scams typically rise in tandem with the number of online shoppers, and Imperva’s 12-month analysis on cybersecurity risks in the retail industry suggests that the 2021 holiday shopping season will be no different.

In fact, in Imperva’s “The State of Security Within eCommerce 2021” report, the number of victims this year is projected to surpass that of last year’s.

More details below from the report


Cybersecurity: How to Protect Your Children From Online Threats

Wednesday, September 30th, 2020

With the COVID-19 pandemic, much of the school’s curriculum has been migrated to online learning from home. With the threats out there in the World Wide Web, how can concerned parents better safeguard their children from online predators? Here are some tips.

How to protect our children during #HomeBasedLearning. Photo by Thomas Park on Unsplash.

How to protect our children during #HomeBasedLearning. Photo by Thomas Park on Unsplash.

My kids have never used the computer and the Internet so much before the pandemic set in at the beginning of the year.

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It started with a bang when school was closed to students during the nationwide lockdown, and students had to do ALL their lessons online, using online video conferencing tools such as Zoom and Google Meet.

Parents had to scramble to help their children be ready for #HomeBasedLearning – the new buzzword for families with school-going kids.

From buying laptops, to setting them up, to teaching the kids how to use the video conferencing software.

There was hardly any time and energy left to figure out how to secure the laptop and online learning sessions from Internet predators.

So parents – below are some areas to watch out for when preparing your child for #HomeBasedLearning.

  1. Dubious websites and content
  2. Dubious “Friends” in chat rooms and social media
  3. Cyberbullying
  4. Scams

Dubious websites and content

The World Wide Web is full of interesting stuff, much of it inappropriate for children e.g. pornography, racism, hate and violence.

So keep a close eye on what your kids are surfing – check their search/browser histories and designate an open location in the home for the kids to use the computer, so that everybody can help keep an eye out.


Cybersecurity Tips: Avoiding Phishing, Crypto-Mining & Ransomware

Sunday, September 20th, 2020

With employees working from home due to the COVID-19 pandemic, how can SMBs better protect against cybercriminals?

Stephan Neumeier, Managing Director for Asia Pacific at Kaspersky shared security tips during a webinar on “The Cyberthreat Landscape for SMBs in Singapore”.

Stephan Neumeier, Managing Director for Asia Pacific at Kaspersky shared security tips during a webinar on “The Cyberthreat Landscape for SMBs in Singapore”.

Kaspersky experts suggest the following tips for SMBs to avoid being lured by cybercriminals through phishing, crypto-mining and ransomware.


Trends: Phishing Against SMBs Increase in Singapore & Region

Wednesday, September 16th, 2020

In the first half of 2020, phishing attempts targeting SMBs in Singapore increased by 61%, mirroring similar increases across South East Asian countries.

Number of phishing attempts against SMBs blocked by Kaspersky Anti-Phishing System, year-on-year.

Number of phishing attempts against SMBs blocked by Kaspersky Anti-Phishing System, year-on-year.

With the COVID-19 pandemic accelerating Singapore’s digitalisation efforts, SMBs have become the focal point of discussion for many, as funding worries and the shift to telecommuting have left them in no man’s land.

“Despite the COVID-19 pandemic, Singapore continues to retain attraction as the region’s premier business hub, and speaks well of the local businesses’ ability to remain resilient despite headwinds from the global slowdown. However, almost half (41%) of businesses continue to express that the high costs of investment – lack of financing and funding – are major barriers holding them back from digitalisation. The implications of this statistic are significant, as it means cybersecurity may not be a key priority for businesses during this period of cost-cutting,” says Stephan Neumeier, Managing Director for Asia Pacific at Kaspersky.

While the Government has launched generous initiatives such as the new training and adult education industry digitalisation plan to augment SMBs’ competitiveness, malicious actors continue to find new ways to test businesses’ digital readiness.

According to Kaspersky’s latest statistics, the global cybersecurity company foiled 89,351 phishing attacks against SMBs in H1 2020, compared to 55,653 in the same period last year.

Although Singapore continues to fare better than their SMB counterparts in Indonesia, Malaysia, Philippines, Thailand and Vietnam to witness the lowest volume of phishing attacks in Southeast Asia, the 61% increase suggests that more can be done by Singapore’s SMBs to improve their cybersecurity.

More details below from the presentation and press release.