The annual value of business-to-consumer (B2C)  e-commerce exports in Singapore is estimated at S$1.4 billion in 2021 and could reach S$3.5 billion in 2026 if micro, small, and medium-sized enterprises (MSMEs) accelerate their pace of using e-commerce to sell overseas. Currently, MSMEs are estimated...
Trend Micro Incorporated has predicted that global organizations will emerge more alert and better prepared in 2022 thanks to a comprehensive, proactive, cloud-first approach to mitigating cyber risk. Trend Micro researchers predict that threat actors in 2022 will focus ransomware attacks on cloud and datacenter...
Last December, many consumers suddenly found themselves unable to watch their favourite shows on popular streaming networks and unable to purchase goods from an e-commerce giant. These sites, hosted on the cloud, were likely out due to API issues, or application programming interface, a set of protocols...
Trend Micro has announced a new report revealing a fierce, hour-by-hour battle for resources among malicious cryptocurrency mining groups."Just a few hours of compromise could result in profits for the perpetrators. That's why we're seeing a continuous fight for cloud CPU resources. It's akin to a real-life...
DBS Bank (Hong Kong) Limited and GS1 Hong Kong have launched a digital post-shipment trade financing solution powered by alternative data. With this offering, small and medium-sized enterprises (SMEs) on GS1 Hong Kong’s ezTRADE platform can utilise their trade data to access financing in...
Sophos has released additional findings from its survey report, The Future of Cybersecurity in Asia Pacific and Japan, in collaboration with Tech Research Asia (TRA), revealing businesses are increasingly prioritising budget for cybersecurity. In 2022, 11 per cent of technology budgets are dedicated to...
The Cyber Security Agency of Singapore (CSA) and the Association of Trade & Commerce (Singapore) have launched a new SME Cybersecurity Excellence Award to recognise small and medium enterprises in Singapore that are committed to cybersecurity. The SME Cybersecurity Excellence Award is developed...
Research by Digital Shadows showed that more than 24 billion exposed credential pairings are available for sale online. That is a 65 per cent increase from 2020, probably due to more sophisticated malware and social engineering, as well as improved credential sharing.With passwords such as ‘123456’ still accounting...
Singapore’s SMEs are continuing to believe and invest in digital technologies, as the eighth edition of QBE Insurance’s annual research survey of SMEs finds. However, these businesses are not tapping into support available to them, and not supplementing their digitalisation strategies with adequate protection...
Sophos has released its annual “State of Ransomware 2023” report, which found that the rate of ransomware attacks on Singaporean organisations increased considerably in 2022 with 84 per cent of organisations surveyed saying they were a victim of ransom, which compares to 65 per cent the year...