TECHNOLOGY
Every 2 in 3 Southeast Asia businesses are ransomware victims, Kaspersky study finds
August 16, 2022 5:39 p.m.
Ever since the infamous Wannacry attack, ransomware has become something of a buzzword within the corporate world, with large attacks on enterprises appearing in headlines month after month.
Businesses in Southeast Asia (SEA) are well within the radar of these cybercriminals with three in five (67%) confirming that they have been victims, according to the latest research by Kaspersky.
Global cybersecurity company, Kaspersky, surveyed 900 respondents across North America, South America, Africa, Russia, Europe, and Asia-Pacific, 100 of which were from SEA. Conducted in April 2022, the research titled “How business executives perceive ransomware threat” gathered the answers from those in senior non-IT management (such as CEOs, VP, and Director level) and business owners or partners at companies with 50-1000 employees.
Half of those (34%) who have admitted having their data maliciously encrypted by cybercriminals experienced ransomware attacks not once but several times. The remaining respondents (33%) said they have experienced such incidents one-time only.
The most common denominator among ransomware victims in the region is that almost all paid the ransom (82.1%). In fact, 47.8% of the surveyed executives confessed that they paid the ransom as soon as possible for immediate access to their business data, two digits higher than the global average of 38.1%.
Almost a quarter (23.9%) did try to get their data back through back-ups or decryption but failed and paid ransom within two days while 10.4% took a week of effort before paying up.
When the ransomware victims were asked of the steps they will conduct should they face the same incident, majority (77%) of the business leaders in SEA confirmed that they will still pay the ransom showing a worrying tendency for companies that have already been a victim of ransomware to pay up, encouraging cybercriminals to continue their attacks.
“It is concerning to see that only 17.9% of businesses here in SEA victimized by ransomware did not budge on the cybercriminals’ demands. We stand firm that paying the ransom should not be a knee jerk reaction for enterprises. But, with more than half (67%) of those we surveyed admitting that their organizations would not survive without business data if attacked, we understand the urgency and the desperation to get their data back as soon as possible, by all means,” comments Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.
Kaspersky’s study also revealed a key puzzle piece – that the majority (94%) of enterprises in SEA will seek external help if attacked by ransomware. This is a tad higher than the global rate at 89.9%.
Almost a quarter (20%) of which will contact the law enforcement, while 29% will reach out to a third party cybersecurity incident investigation and response service provider like Kaspersky. The remaining percent will contact both of these external organizations to know how to respond to a ransomware attack.
“With only 5% of enterprise leaders confirming that they have internal incident response capabilities or they have the regular IT team or service provider to figure out a ransomware attack, it is clear that our enterprises here in SEA need help. We advocate for cross-border and public-and-private cooperation that will help governments and companies to combat threats like ransomware. However, such is not the only answer. Enterprises here should really look into acting on concrete steps to upskill or even to build their own security defense team with intelligence-led incident detection and response capabilities,” adds Yeo.
Global cybersecurity company Kaspersky co-founded the global project called “No More Ransom Initiative” which has grown from four partners to 188 and has contributed 136 decryption tools covering 165 ransomware families.
Since its launch in 2016, it has helped more than 1.5 million people decrypt their devices all over the world. Nearly 30,000 ransomware victims from July last year to June end of 2022 in SEA were also able to retrieve their data through this project.
The project is done by Kaspersky along with the National High Tech Crime Unit of the Dutch National Police, Europol’s European Cybercrime Center, and other partners.
Kaspersky, however, puts emphasis on preventing a ransomware attack. The global cybersecurity company encourages businesses to follow these simple and effective recommendations to help protect their organizations against this threat:
- Always keep up-to-date copies of your files so you can replace them in case they are lost (e.g. due to malware or a broken device). These should be stored not only on a physical device but also in cloud storage for greater reliability. Make sure you can quickly access your backups in the event of an emergency.
- Install all security updates as soon as they become available. Always update your operating system and software to eliminate recent vulnerabilities.
- Provide security education to your staff. Explain that by following simple rules, employees can help prevent ransomware incidents. Check out dedicated training courses, such as the ones provided in the Kaspersky Automated Security Awareness Platform.
- Enable ransomware protection for all endpoints. There is a free Kaspersky Anti-Ransomware Tool for Business that shields computers and servers from ransomware and other types of malware, prevents exploits and is compatible with already installed security solutions.
- Enterprise companies are recommended to use anti-APT and EDR solutions, enabling capabilities for advanced threat discovery and detection, investigation and timely remediation of incidents, as well as to have access to the latest threat intelligence. An MDR provider could help to effectively hunt any advanced ransomware attack. All of the above is available within Kaspersky Expert Security.
If you become a victim, never pay the ransom. It won’t guarantee you get your data back but will encourage criminals to continue their business. Instead, report the incident to your local law enforcement agency and get help from incident response experts such as Kaspersky.
Companies can also try to find a decryptor on the internet – some of these are available at https://www.nomoreransom.org/en/index.html
TECHNOLOGY
5-star drop-resistant HONOR X6b now available in PH exclusively on Shopee starting this 9.9 for only P5,399!
1:10 p.m. September 7, 2024
Wait there’s more! HONOR X6b has a Piso Sale on September 9 to 11 at exactly 12 midnight!
Leading global smart devices provider, HONOR, finally announced the availability of HONOR X6b exclusively on Shopee Super Shopping Day on September 9 for Php 5,399. And if you get lucky, you can get the HONOR X6b during Piso Sale on 9.9 Flash Sale!
“Durability is now more affordable with HONOR X6b! If you’re eyeing an entry level smartphone that is drop-resistant, long lasting, and efficient with battery capsule, the HONOR X6b is perfect for you! In an exclusive launch with Shopee on 9.9, we are offering exciting deals that kickstart the holiday limbo as early as September!” said HONOR Philippines Vice President Stephen Cheng.
Putting the HONOR X6b into a durability test, media partners and KOLs witness how the smartphone can withstand impacts at Studio 300, Makati, with HONOR X6b phones being aimed at in bowling, billiards, and soccer. Thanks to its comprehensive 360° protection across all six faces and four corners of the device, certified by SGS with industry-leading 5-Star Drop-Resistant Quality.
LONG LASTING 5200MAH BATTERY AND 35W HONOR SUPERCHARGE
Offering up to two days of light daily usage on a single charge, the HONOR X6b houses a large 5200mAh battery to power the power-efficient MediaTek Helio G85 at the core of the smartphone. The battery is also highly energy-dense at 731wh/L, fitting in the 8.39mm thin chassis that feels just right in the hand. Whether it’s for listening to music or browsing social media, the HONOR X6b stays powered for longer, with up to 26 hours of online streaming or 27 hours of social media engagement.
Moreover, charging is no longer a waiting game with the 35W HONOR SuperCharge technology. Users can activate the Turbo charging mode in a single tap and achieve a 20% charge in just 10 minutes.
MAGIC CAPSULE AND LARGE STORAGE CAPACITY
The HONOR X6b is one of the HONOR devices equipped with the Magic Capsule. The Magic capsule is located at the top of the screen shaped like a “capsule” presenting ongoing tasks, notifications, recording, clock, and more interactions.
The Magic Capsule can shrink into a “little ball” after displaying for some time and can be expanded when checking detailed status of quick operations.
Storage space is abundant in the HONOR X6b, which boasts 256GB of internal memory. This expansive storage can house over 60,000 photos, more than 24,000 songs, or over 200 movies, ensuring that users’ favorite content is always within reach. Enhancing its performance, the HONOR X6b features HONOR RAM Turbo technology, which effectively doubles the available RAM from 6GB to 12GB by utilizing a portion of the flash memory. This innovation allows for smoother multitasking and enhances the user experience.
Check out the HONOR X6b from your Shopee baskets on September 9-11 via livestream at HONOR’s Facebook page and HONOR’s Official Shopee Page and get the smartphone for only 1-peso at midnight! Moreover, the HONOR X6b is also available for only Php 5,999 as an early bird promo with FREE Earbuds II worth Php 1,299.
Don’t worry if you miss the midnight sale and early bird promo, the HONOR X6b is discounted at Php 5,399 on September 9 and during flash sales from September 10 to September 19 exclusively on Shopee. Check it out here https://shopee.ph/product/66540358/28407883555/
For more exciting announcements, check out HONOR Philippines’ social media platforms: Facebook (Facebook.com/HonorPhilippines), Instagram (Instagram.com/honorph/) and TikTok Shop: (Tiktok.com/@honorphilippines). To check out HONOR’s complete list of retail stores, go to https://www.hihonor.com/ph/retailers/.
TECHNOLOGY
Tiny pad, mighty fun: Xiaomi launches Redmi Pad SE 8.7
10:44 p.m. September 2, 2024
XIAOMI recently announced the launch of its latest tablet, the Redmi Pad SE 8.7, designed to deliver an immersive theater-like experience in a device that’s super portable.
Its biggest feature is its stunning 8.7-inch display. Enjoy clear and vibrant visuals on the eye-protecting display, which features up to 600 nits of brightness and a 90Hz refresh rate for smooth and seamless scrolling and gaming. The 8.7-inch screen also creates a 5:3 aspect ratio that’s wider than the standard 16:9, making it better for all your favorite content.
The tablet also features comfortable immersion with its low blue light and flicker-free display which reduces eye strain and increases visual comfort. It also has Paper Reading mode to simulate the actual booklike paper experience, while retaining Classic Mode for a typical digital feel.
For a truly theater-like sound, the Redmi Pad SE 8.7 also has Dolby Atmos® technology that delivers rich and detailed sound for a truly cinematic experience. It has 2TB of built-in storage for all your favorite video content from your usual platforms.
The Redmi Pad SE 8.7 also comes with an octa-core MediaTek Helio G85 processor, which ensures seamless and reliable multitasking and gaming, while the 6,650mAh battery provides long-lasting power that lasts up to 25.2 hours when playing video. The battery fills up fast with 18W fast charging support, getting you from 0 to 100% in just 140 minutes.
It also comes in three vibrant colors: Graphite Gray, Aurora Green, and Sky Blue. It’s also slim and lightweight at only 8.8-mm and 373 grams for easy portability.
The Redmi Pad SE 8.7 is now available on Shopee (Xiaomi Global Store) with a special Early Bird Promo until September 4. Get the Redmi Pad SE 8.7 WiFi 4+128GB for P6,399 (down from the SRP of P7,999). The 4+64GB variant is available for a special promo price of P5,399 (from P6,999 SRP).
Find out for yourself the true portable theater experience with the Redmi Pad SE 8.7 today! Learn more about it by visiting http://mi.com/ph.
TECHNOLOGY
Kickstart your side hustles with Maya Personal Loan
8:22 a.m. September 1, 2024
BEEN dreaming of opening your own coffee shop or launching an online store but stuck without the funds? Fret not! With the Personal Loan product of Maya, the #1 Digital Bank in the Philippines, turning your side venture into reality is effortless with just a few taps.
Boost Your Funds for your Side Hustle
Currently in early access and available to select users, Maya Personal Loan offers up to ₱250,000 with flexible repayment terms of up to 24 months and an incredibly low add-on rate of just 0.77% per month. Whether you’re planning to launch a new business, invest in essential equipment, or enhance your skills through a course, this loan gives you the capital you need to thrive.
Borrow Without the Hassle
Applying for your Maya Personal Loan is simple and stress-free! All you need is your upgraded Maya account to get started—no additional paperwork, collateral, or guarantor required. Once approved, the funds are transferred directly to your Maya Wallet, giving you instant access to the money you need.
Say goodbye to long approval processes and hello to a streamlined, hassle-free experience. Here’s how to get started:
Open your Maya app, go to the Loans tab, and start the application process by tapping ‘Apply now.’
Enter your desired loan amount, complete the application process, and wait for feedback on your eligibility.
Choose your loan offer and tap ‘Accept’ if you’re happy with the terms.
Enter a One-Time Pin (OTP) to authorize the loan disbursement.
Manage Your Loan with Ease
Managing your loan is a breeze with the Maya app. You can settle your dues directly from your Maya Wallet, which helps you maintain a good credit score. Plus, Maya’s top-notch security ensures your funds are safe, so you can focus on growing your side hustle with peace of mind.
Ready to make your next big life move? Apply for a Maya Personal Loan today and give your side hustle the boost it needs to succeed. Keep using Maya for your transactions to stay on track and become eligible for more loan opportunities. For more information, visit maya.ph and mayabank.ph, and stay connected by following @mayaiseverything on Facebook, Instagram, YouTube, and TikTok.
5-star drop-resistant HONOR X6b now available in PH exclusively on Shopee starting this 9.9 for only P5,399!
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