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Kaspersky blocks close to 1M financial phishing attacks eyeing SEA businesses last year 

March 20, 2023 9:54 p.m.

Phishing is one of the most prevalent forms of cybercrime due to the minimal effort required and the fact that it really works. 

It’s usually built around an inherently simple scheme: using carefully crafted emails or notifications that mimic messages from banks, government organizations, entertainment platforms—really any service—cybercriminals can trick users into following a link to a fraudulent website and giving up their payment or personal details or even downloading malicious programs.

Kaspersky in 2022 has blocked a total of 822,536 financial phishing targeted at companies in Southeast Asia (SEA). From SMBs to large enterprises, financial phishers kept trying to infect businesses in the

region last year.

In this case, “financial phishing” refers not only to banking specific phishing but also payment systems and e-shops. Payment system phishing includes pages impersonating well-known payment brands, such as PayPal, MasterCard, American Express, Visa and others. E-shops refer to online stores and auction sites like Amazon, the Apple Store, Steam, eBay etc.

Indonesia chalked up the highest number of financial phishing incidents (208,238). Vietnam comes second  with 172,694, and Malaysia recorded 120,656. Thailand logged 101,461 phishing attempts related to finances, followed by the Philippines with 52,914, and Singapore with 22,109.

“It’s interesting to see companies being targeted by financial phishing but we have to remember here that businesses, at their core, are still made up of humans. Phishing is a type of social engineering attack. Social engineering attack is dubbed as hacking of the human mind. With nine out of ten employees needing basic cybersecurity skills training, cybercriminals know that the workforce remains a loophole they can exploit easily to launch a cyberattack against a company,” says Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.

As reported, phishing email is usually the first chapter of 91% of all cyberattacks. A phishing simulation done by Kaspersky reinforced how cybercriminals trick employees into clicking malicious mails. 

It showed that workers tend not to notice pitfalls hidden in emails devoted to corporate issues and online delivery problem notifications and almost one in five (16% to 18%) clicked the link in the email templates imitating these phishing attacks.

Among the other phishing emails that gained a significant number of clicks are; reservation confirmations from a booking service (11%), a notification about an order placement (11%), and an IKEA contest announcement (10%).

To prevent complex attacks, and any related financial and reputational losses caused by phishing attacks, Kaspersky recommends the following for businesses:

  • Remind your employees about the basic signs of phishing emails. A dramatic subject line, mistakes and typos, inconsistent sender addresses and suspicious links;
  • If there is any doubt about the received email, check the format of attachments before opening them and the link accuracy before clicking. This can be achieved by hovering over these elements – making sure the address looks authentic and the attached files are not in an executable format;
  • Always report phishing attacks. If you spot a phishing attack, report it to your IT security department and, if possible, avoid opening the malicious email. This will allow your cybersecurity team to reconfigure anti-spam policies and prevent an incident;
  • Supply your employees with basic cybersecurity knowledge. Education should be aimed at changing the behavior of learners and teaching them how to deal with threats. As a major cybersecurity vendor, Kaspersky possesses a relevant base of information on real attacks and continuously supplements its Security Awareness Trainings in accordance with the current threat landscape;
  • Since phishing attempts can be confusing, and there’s no guarantee of avoiding all accident clicks, protect your working devices and your enterprise perimeters with a holistic expert security like Kaspersky Extended Detection and Response (XDR) platform. It provides anti-spam capabilities, tracks suspicious behavior, and creates a backup copy of your files in case of ransomware attacks. Anti-phishing protection is also included, as well as threat hunting.

Enterprises can find out more about this new platform at go.kaspersky.com/expert .

Kaspersky in Southeast Asia also has launched a Buy 1 Free 1 promo. Businesses can now enjoy two years of enterprise-grade endpoint protection for the price of 1 with Kaspersky Endpoint Security for Business or Cloud or Kaspersky Endpoint Detection and Response Optimum, with 24×7 phone support. Interested customers can reach out to sea.sales@kaspersky.com.  

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PH slides to top 4 in Kaspersky’s new global ranking of countries most targeted by online threats

February 5, 2024 9:46 p.m.

In 2023, web threats targeting the Philippines were about two percent less (48%) than in 2022 (49.8%), according to the latest Kaspersky Security Network (KSN) report.

With this new data, the country moved two spots down to fourth place worldwide among countries most targeted by malicious files from the internet and phishing websites. It looks like a positive development but Kaspersky is strongly advising against dropping the armor.  

“There are two things that could explain the drop in web threats, albeit slightly. First is that we see the country is slowly making headway in cybersecurity. We classify the Philippines to be in the intermediate group of countries that are identifying cyberattacks and making efforts to implement rules. The second one and this we have to seriously take note, is that cybercriminals are continuously taking other attack routes that might be off the radar. One trend that we consistently have been seeing lately is their preference for targeted attacks instead of the spray and pray method,” said Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky. 

“Complacency, however, is still not an option. Cybercriminals continue to develop their tools and techniques. They actually surprise cybersecurity experts all the time. Our mindset should be how to be able to hunt threats before they could cause harm and damage. At this point, I recommend that we should be talking more about threats as we proactively learn to detect and respond to them. This is where threat intelligence comes in handy,” added Yeo.  

Web or online threats are attacks through browsers which are also cybercriminals’ tried and tested way to spread malware. It can easily be done with or without the involvement of the victim. 

A web attack with victim participation is done through social engineering. The victim is tricked into doing something that jeopardizes their personal security or the security of the organization they work for. The objective is to get the victim to respond by clicking an infected email attachment, a compromised website, or responding to a fake unsubscribe notice, among others.  Last year’s data breaches involving a government agency and an e-wallet company, which were each reportedly traced to phishing, are examples of this type of web threat. 

An attack requiring no victim involvement is through drive-by downloads. By simply visiting a compromised website, their device gets infected automatically (and silently) particularly if they failed to apply a security update to one of their apps. This method is used in most web attacks.

In the recent global ranking, the Philippines came behind Mongolia (51.8%), Moldova (48.9%) and Greece (48.8%). Since 2019, the country has consistently been in the top 10 ranking countries. 

Among Southeast Asian countries, the Philippines is trailed by Malaysia with the overall percentage of users attacked by web-borne threats from January to December 2023. 

To stay protected, Kaspersky recommends users the following: 

  • Do not download and install applications from untrusted sources 
  • Do not click on any links from unknown sources or suspicious online advertisements 
  • Create strong and unique passwords, including a mix of lower case and upper case letters, numbers, and punctuation, as well as activating two-factor authentication 
  • Always install updates
  • Ignore messages asking to disable security systems for office or cybersecurity solution 
  • Use a robust cybersecurity solution appropriate to your system type and devices 

For organizations, Kaspersky recommends the following:

  • Always keep software updated on all the devices to prevent attackers from infiltrating network by exploiting vulnerabilities 
  • Use strong passwords to access corporate services. Use multi-factor authentication for access to remote services 
  • Choose a proven endpoint cybersecurity solution for business that is equipped with behaviors-based detection and anomaly control capabilities for effective protection against known and unknown threats 
  • Use dedicated set of effective endpoint protection, threat detection and response products to timely detect and remediate even new and evasive threats 
  • Use the latest threat intelligence information to empower your security experts
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There’s a Nanyang near you for all your Singaporean food cravings

August 4, 2023 6:30 p.m.

Missing Singapore’s famous Hainanese Chicken Rice, Laksa fishball, Cheesy Chicken Chop Noodles and Kopi?

Visit your nearest Nanyang Philippines branch.

Cheesy Chicken Chop Noodles
Kopi
Laksa Prawn
Laksa Fishball
Hainanese Chicken Rice

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Globe powers up TOYCON 2023’s landmark 20th year

June 29, 2023 6:53 p.m.

As Toycon Philippines proudly commemorates its 20th year, the landmark celebration promises to be more electrifying than ever with the formidable support of leading digital lifestyle brand Globe.

For the first time, Globe is the title sponsor of the iconic pop-culture event, bringing a new level of excitement and engagement to the toy collector and creator community.

Globe has always been at the forefront of supporting diverse subcultures and passions, and this partnership is a testament to its commitment. As part of the collaboration, Globe will bring to life the rich world of its cinematic and theatrical partners, further enriching the TOYCON 2023 experience for attendees.

“Globe is thrilled to collaborate with Toycon Philippines, especially on such a milestone year,” said Mike Magpily, VP, Head of Segment Strategy and Subcultures at Globe.

“As the country’s most reliable network and top digital solutions platform with an ecosystem of various services, we’re uniquely positioned to foster the vibrancy of the toy collecting and creating community. This partnership underscores our commitment to nurturing a wide array of passions and interests while ensuring the best connectivity for all participants.”

Cholo Mallillin, Marketing Head at Toycon Philippines, said: “The collaboration with Globe will further elevate the Toycon experience. This partnership will bring more surprises and rewards to our community. We invite everyone to join us as we celebrate 20 years of Toycon in the most exciting way possible.”

TOYCON 2023 will be held at the SMX Convention Center in MOA from July 7 to 9, 2023. Attendees are in for a treat, as they have the chance to meet their beloved childhood characters, explore an expansive marketplace of unique toys and collectibles, and participate in exclusive Globe activities.

One of the highlights of the partnership is a series of exclusive perks for Globe customers. By using Globe Rewards points, customers will have the opportunity to win various ticket tiers ranging from Day Passes to VIP Passes. There will also be exclusive toy freebies for VIP pass holders, and unique Globe-only activities, such as paint-your-own Gudi.

At the event, Globe will also host an interactive booth featuring activities designed to reward and inspire. From earning freebies by donating Rewards points to a good cause, to free arcade plays and meet-ups with popular streamers, Globe customers are in for an exciting weekend of gaming and beyond.

To keep up-to-date with all the exciting promotions and surprises at TOYCON 2023, Globe customers are encouraged to use the GlobeOne app.

To learn more about Globe, visit https://www.globe.com.ph/.

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