IBTE enters into apprenticeship partnership with 3 telcos

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IBTE enters into apprenticeship partnership with 3 telcos

Tech April 11, 2018 16:49

By Borneo Bulletin/ANN

BANDAR SERI BEGAWAN – The Institute of Brunei Technical Education (IBTE) entered into an apprenticeship partnership with three telecommunication companies with the signing of a Memorandum of Understanding (MoU) yesterday at the Lecture Theatre of the School of Aviation, IBTE Sultan Saiful Rijal Campus.

The agreement will see 14 IBTE students enrolled under the institute’s HNTec Apprenticeship Scheme for Telecommunications and Information Technology programme undergo on-the-job training at DST Communications Sdn Bhd, Progresif Cellular Sdn Bhd or Telekom Brunei Berhad (TelBru) during the course of their study programme.

The MoU was signed by Munirah Atirah binti Dato Paduka Haji Othman, Acting Chief Executive Officer (Corporate) of IBTE; David J Holliday, Chief Executive Officer (CEO) of TelBru; Paul Treston Taylor, CEO of Progresif Cellular Sdn Bhd; and Ramlah binti Haji Rabaha, Assistant General Manager of DST Group Human Resources on behalf of DST Communications Sdn Bhd.

Present to witness the signings was Haji Shariful Bahri bin Haji Sawas, Acting Deputy Commissioner of Labour, Ministry of Home Affairs.

Prior to the ceremony, Lim Kian Boon, Deputy CEO (Development) of IBTE in his capacity as the Acting CEO of IBTE, shared in his welcoming remarks that 46 apprentices have enrolled in the HNTec Apprenticeship Scheme since May 2014.

“This apprenticeship scheme, I believe, will help foster a long term partnership with the industry to help train students and produce skilled technicians to fill the gaps that exist in the telecommunications sector,” he said.

Lim added that through the apprenticeship schemes, IBTE is able to produce graduates with relevant occupational skills needed by the industry.

“As with Germany’s Dual System Apprenticeship, IBTE’s Dual System Apprenticeship programme allows the students to concurrently earn while they learn.

“The Dual System Apprenticeship provides an effective means of bridging the gap between school and the real working world by exposing students to a real-world work environment during their training,” he said.

The deputy CEO said workplace-oriented training programmes help in producing a highly skilled and job-ready workforce, allowing the apprentices to develop their skills to meet the needs of the industry and the labour market.

The collaboration between IBTE and the three telecommunications firms, Lim added, will provide an avenue for the students to acquire valuable industry experience and training, thus enhancing their employability upon completion of the programme.

“From the apprenticeship programme, the students will have the opportunity to maximise their learning experience and put theory to practice in a real working environment, as the programme combines institution-based training with on-the-job training which allows the students to understand both the practical and theoretical aspects of their jobs,” Lim said.

Recognizing scientific excellence with the Asian Scientist 100

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[https://www.asianscientist.com]
[https://www.asianscientist.com]

Recognizing scientific excellence with the Asian Scientist 100

Tech April 10, 2018 15:02

These early career scientists and veteran researchers of the Asian Scientist 100 are making waves in diverse sectors of academia and industry, shedding light on natural phenomena and developing new technologies for a better world.

AsianScientist (Mar. 8, 2018) – Now into its third consecutive year, the Asian Scientist 100 (2018 edition) is a handpicked selection of 100 prize-winning Asian researchers, academicians, innovators and business leaders from across the Asia Pacific region. To be acknowledged on this list, honorees must have received a national or international prize in 2017 for their scientific research. This prize must involve a competitive selection procedure. Alternatively, in the same period, the honoree could have made a significant contribution in scientific discovery or leadership that has benefited either academia or industry. Spanning a diverse range of industries in science and technology, this year’s selection comprises honorees from China, India, Japan, Singapore, South Korea, Malaysia, the Philippines, Taiwan, Thailand and Vietnam. While the AS100 is by no means exhaustive, it showcases the exciting science taking place in Asia and raises the profile of researchers that are making invaluable contributions to their fields. “The quantity and quality of research coming out of Asia has increased significantly in recent years. In showcasing the best and brightest that Asia has to offer the world, we hope that the AS100 list will inspire young scientists across Asia,” said Dr. Juliana Chan, the founder and editor-in-chief of Asian Scientist Magazine. “Because science is an increasingly global and networked endeavor, this list also opens up opportunities for international collaboration.” The list, in no order of merit, is available online here.

Scientists featured on the Asian Scientist 100 (2018 edition):

1. S. Suresh Babu 2. Jitendra Nath Goswami 3. Rogel Mari Sese 4. Min Aung 5. Rajan Man Bajracharya 6. Hari Krishna Dhonju 7. Chandra Siddaiah Nayaka 8. Kalvakuntla Chandrasekhar Rao 9. Sheetal Sharma 10. Hiroshi Uchino 11. Chen Wen 12. Amit Dutt 13. Tamao Endo 14. Tatsushi Toda 15. Deepak Gaur 16. Edward Holmes 17. Sir David Lane 18. Li Jingmei 19. Mario Antonio Jiz II 20. V. Narry Kim 21. Tadamitsu Kishimoto 22. Michael Ming-Chiao Lai 23. Seiji Ogawa 24. Paik Soonmyung 25. Shimon Sakaguchi 26. Paul Kwong Hang Tam 27. Tu Youyou 28. Tehemton Erach Udwadia 29. Yu Nam-Kyung 30. Lucille V. Abad 31. Pimchai Chaiyen 32. Pussana Hirunsit 33. Kim Myung-hwan 34. Ganpathi Naresh Patwari 35. Long Ran 36. Phan Thanh Sơn Nam 37. Mitsuo Sawamoto 38. Xiaoliang Sunney Xie 39. Sanghamitra Bandyopadhyay 40. Cha Hyung Joon 41. James C. C. Chan 42. He Jinliang 43. Jang Jin 44. Anchalee Manonukul 45. Neelesh B. Mehta 46. Takashi Mimura 47. Lanndon A. Ocampo 48. Pack Sangheon 49. Chandrakant Pithawa 50. Tang Ching Wan 51. Jackie Y. Ying 52. Kenneth Mei-yee Leung 53. Jeffrey S. Perez 54. Yan Ning 55. Aletta Concepcion T. Yñiguez 56. Shigeiki Goto 57. Tanzima Hashem 58. Narayana Murthy 59. Wu Jianping 60. Chang Meemann 61. Lam Khin Yong 62. Ajoy Kumar Ray 63. Jenny Huey-Jen Su 64. Subra Suresh 65. Phillip A. Alviola 66. Upinder Singh Bhalla 67. Varodom Charoensawan 68. Sanjeev Das 69. Tetsuya Higashiyama 70. Deepak Thankappan Nair 71. Shigetou Namba 72. Marisa Ponpuak 73. Shi Yigong 74. Son Young-Sook 75. Yasuhiko Arakawa 76. Napida Hinchiranan 77. Lee Jong-heun 78. Aloke Paul 79. Justin C.W. Song 80. Toshimitsu Yokobori 81. Zhao Zhongxian 82. Zhu Yanwu 83. Gan Wee Teck 84. Ritabrata Munshi 85. Sum Nguyễn 86. Xu Chenyang 87. Chen Shiyi 88. Choi Sookyung 89. Gao Weibo 90. Vinay Gupta 91. Nathaniel Hermosa II 92. Nissim Kanekar 93. Pan Jianwei 94. David Ruffolo 95. Fumihiko Takasaki 96. Adeeb Hayyan 97. Li Junfeng 98. Ng Wun Jern 99. Felycia Edi Soetaredjo 100. Xie Zhenhua

Bangladesh to slap tax on online advertisments on Facebook, Google

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(FILES) In this file photo taken on March 23, 2018 shows Facebook logos on a computer screen in Beijing./ AFP PHOTO
(FILES) In this file photo taken on March 23, 2018 shows Facebook logos on a computer screen in Beijing./ AFP PHOTO

Bangladesh to slap tax on online advertisments on Facebook, Google

Tech April 10, 2018 14:46

By The Daily Star/ANN

DHAKA – The government will also impose “landing fees” on the Indian TV channels being broadcast in Bangladesh.

Finance Minister AMA Muhith yesterday said the government is going to impose tax on advertisements on Google and Facebook in Bangladesh.

“We will ask for tax on their earnings in the upcoming national budget… such taxes are paid everywhere, including India,” he told reporters after a pre-budget discussion with owners of newspapers and private television channels at the State Guest House Padma.

The government will also impose “landing fees” on the Indian TV channels being broadcast in Bangladesh, he said.

Besides, it will ask all the cable operators in the capital and elsewhere to digitise their services in phases so that it could impose tax on their earnings.

Muhith also said the Value Added Tax (VAT) on private universities will stay but that would be collected from the university owners, not the students.

“We don’t know how they [the owners] will deal with the issue but charging students for this will be illegal,” he said.

On the newspaper industry, the minister said it would get concessions on newsprint import. The current 5 percent import duty will remain in force but the 12.5 percent VAT and 5 percent advanced income tax will be adjusted, he said.

However, the decision on the amount of the tax waiver was yet to be made.

Later, Muhith said the government would “rationalise” corporate tax in the next budget as the tax rate is very high.

The objective will be to remove so many different rates in the sector, he said.

Earlier at a meeting with senior officials of different ministries, the minister had promised to examine the scope for reducing corporate income tax for the upcoming fiscal. The finance ministry organised the meeting ahead of the budget.

Currently, the revenue authority collects corporate tax in six categories, ranging from 25 percent to 45 percent. Companies listed with the bourse face a 25 percent tax while non-listed ones pay 35 percent. Cigarette and bidi manufacturers have to pay a 45 percent income tax.

Finance Secretary Mohammad Muslim Chowdhury, Prothom Alo Editor Matiur Rahman, The Daily Star Editor and Publisher Mahfuz Anam, Daily Samakal owner AK Azad, The Financial Express Editor AHM Moazzem Hossain, bdnews24.com editor-in-chief Toufique Imrose Khalidi and National Board of Revenue Chairman Mosharraf Hossain Bhuiyan, among others, attended yesterday’s discussion.

China launches first university program to train intl AI talents

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The launch ceremony is held in Peking University on April 3. [Photo/xinhuanet]
The launch ceremony is held in Peking University on April 3. [Photo/xinhuanet]

China launches first university program to train intl AI talents

Tech April 10, 2018 14:31

By China Daily/ANN

The International AI Training Program for Chinese Universities officially began operating in Peking University on April 3, aiming to become the world’s largest AI training program.

Under the plan, China will train at least 500 teachers and 5,000 students in artificial intelligence at top universities over the next five years.

The program makes use of government, companies, and universities, including the Ministry of Education, Sinovation Ventures, a Chinese technology investment firm, and Peking University.

By inviting esteemed AI experts to train the first 100 teachers and 300 students, the program will not only be able to bolster AI talent in China, but also explore an appropriate framework for AI education.

“There is a wide gap between supply and demand, with over five million AI talents but a severe shortage of AI enterprises and research teams,” said Wang Yonggang, deputy head of the AI Institute of Sinovation Ventures, during the launch ceremony.

Last year, China carried out over half of the total AI projects in the world but accounted for merely five percent of global AI talents.

Xu Tao, director of the International Cooperation and Communication Department at the Ministry of Education, said that the Ministry of Education will polish the AI discipline systems in universities by establishing AI majors and upgrading AI to a first-level subject.

In the future, the Ministry of Education will cooperate with American universities, offer scholarships for students who apply for overseas study and form an alliance to boost China-US educational exchanges in artificial intelligence, according to Xu.

“This year, Peking University took the initiative by providing master’s degrees in AI innovation in order to train a new generation of AI talents,” said Tian Gang, vice principal of Peking University.

“The training program will hopefully integrate education and industry resources from home and abroad to develop a universally recognized education system with Chinese characteristics,” he added.

Facebook’s Zuckerberg contrite ahead of grilling in Congress

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Facebook CEO Mark Zuckerberg (C) is escorted by U.S. Capitol Police as he walks in a hallway prior to a meeting with U.S. Sen. John Thune (R-SD), on Capitol Hill in Washington, DC Monday.
Facebook CEO Mark Zuckerberg (C) is escorted by U.S. Capitol Police as he walks in a hallway prior to a meeting with U.S. Sen. John Thune (R-SD), on Capitol Hill in Washington, DC Monday.

Facebook’s Zuckerberg contrite ahead of grilling in Congress

Tech April 10, 2018 08:32

By Agence France-Presse
Washington

Embattled Facebook chief Mark Zuckerberg has placed the blame for security lapses at the world’s largest social network squarely on himself as he girded Monday for appearances this week before angry lawmakers.

In prepared remarks released by a congressional panel, Zuckerberg admitted he was too idealistic and failed to grasp how the platform — used by two billion people — could be abused and manipulated.

The 33-year-old is to testify before senators on Tuesday and House lawmakers on Wednesday amid a firestorm over the hijacking of data on millions of Facebook users by the British firm Cambridge Analytica, which worked with Donald Trump’s campaign.

“We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry,” Zuckerberg said in his written testimony released by the House commerce committee.

“I started Facebook, I run it, and I’m responsible for what happens here.”

In his written remarks, Zuckerberg called Facebook “an idealistic and optimistic company” and said: “We focused on all the good that connecting people can bring.”

But he acknowledged that “it’s clear now that we didn’t do enough to prevent these tools from being used for harm as well. That goes for fake news, foreign interference in elections, and hate speech, as well as developers and data privacy.”

– Investigating every app –

Zuckerberg recounted a list of steps announced by Facebook aimed at averting a repeat of the improper use of data by third parties like Cambridge Analytica, and noted that other applications were also being investigated to determine if they did anything wrong.

“We’re in the process of investigating every app that had access to a large amount of information before we locked down our platform in 2014,” said Zuckerberg, who was seen Monday on Capitol Hill, where he had at least one private meeting with a lawmaker.

“If we detect suspicious activity, we’ll do a full forensic audit. And if we find that someone is improperly using data, we’ll ban them and tell everyone affected.”

Facebook has taken a series of proactive steps to make up for massive lapses in protecting personal data, as lawmakers signaled they intend to get tough on privacy.

Last week, the company announced new privacy tools to be in place in user news feeds on Monday, and said it would notify the 87 million users affected by the data hijacking scandal, amid probes underway on both sides of the Atlantic.

Over the weekend, it said it had suspended another data analysis firm, US-based Cubeyou, after reports that it had used private data harvested from psychological testing apps for commercial purposes.

– Backing ‘Honest Ads’ –

On Friday, Facebook sought to quell some concerns over political manipulation of its platform by announcing support for the “Honest Ads Act” that requires election ad buyers to be identified, and to go further with verification of sponsors of ads on key public policy issues.

Zuckerberg said the change will mean “we will hire thousands of more people” to get the new system in place ahead of US midterm elections in November.

“We’re starting this in the US and expanding to the rest of the world in the coming months,” Zuckerberg said.

On Monday, Facebook also agreed to supply proprietary data for a study on its role in elections and democracy, researchers announced.

“In consultation with the foundations funding the initiative, Facebook will invite respected academic experts to form a commission which will then develop a research agenda about the impact of social media on society — starting with elections,” a company statement said.

“The focus will be entirely forward looking. And our goals are to understand Facebook’s impact on upcoming elections — like Brazil, India, Mexico and the US midterms — and to inform our future product and policy decisions.”

Facebook has said it has seen little impact on its business from the privacy scandal despite a #deleteFacebook movement and concerns from advertisers.

But Brian Wieser of Pivotal Research said the entire digital advertising industry, of which Google and Facebook are the leaders, could be impacted by the scandal.

The changes announced by Facebook and Google restricting third-party access “indicate a higher likelihood that both companies will ‘raise their walls’ … Both of these trends will likely harm ad tech companies focused on buying media or otherwise focused on the Facebook and Google ecosystems.”

One prominent tech leader, Apple co-founder Steve Wozniak, announced meanwhile that he was leaving the social network.

“Users provide every detail of their life to Facebook,” Wozniak told USA Today.

“Facebook makes a lot of advertising money off this. The profits are all based on the user’s info, but the users get none of the profits back.”

Apple turns green, claiming ‘100% clean energy’

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Apple turns green, claiming ‘100% clean energy’

Tech April 10, 2018 06:44

By Agence France-Presse
San Francisco

Apple said Monday it had achieved a goal of “100 percent clean energy” for its facilities around the world.

The California tech giant said its retail stores, offices, data centers and co-located facilities in 43 countries were operating with nonpolluting or renewable energy.

Nine additional manufacturing partners have committed to power all of their Apple production with clean energy, bringing the total number of supplier commitments to 23.

“We’re committed to leaving the world better than we found it,” Apple chief executive Tim Cook said in a statement.

“After years of hard work, we’re proud to have reached this significant milestone.

“We’re going to keep pushing the boundaries of what is possible with the materials in our products, the way we recycle them, our facilities and our work with suppliers to establish new creative and forward-looking sources of renewable energy because we know the future depends on it.”

The news follows a similar announcement from Google, which claimed in December it had attained a goal of 100 percent renewable energy.

Apple said the company and its partners are building renewable energy projects around the world, including solar arrays and wind farms, as well as emerging technologies like biogas fuel cells, micro-hydro generation systems and energy storage technologies.

The company said it has 25 operational renewable energy projects around the world, totaling 626 megawatts of generation capacity.

It also has 15 more projects in construction. Once built, over 1.4 gigawatts of renewable energy generation will be spread across 11 countries.

Oracle redefines cloud database category ‘world’s first autonomous database’

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http://www.nationmultimedia.com/detail/Startup_and_IT/30342824

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Oracle redefines cloud database category ‘world’s first autonomous database’

Tech April 09, 2018 15:41

By The Nation

Oracle has announced the availability of the first service based on the revolutionary new Oracle Autonomous Database.

Oracle Executive Chairman and CTO Larry Ellison said in a press statement that  the world’s ‘first self-managing, self-securing, self-repairing database cloud service”, Oracle Autonomous Data Warehouse Cloud, uses machine learning to deliver industry-leading performance, security capabilities, and availability with no human intervention, at half the cost of Amazon Web Services.

“This technology changes everything,” said Ellison. “The Oracle Autonomous Database is based on technology as revolutionary as the Internet. It patches, tunes, and updates itself. Amazon’s databases cost more and do less.”

Oracle Autonomous Data Warehouse Cloud delivers all of the analytical capabilities, security features, and high availability of the Oracle Database without any of the complexities of configuration, tuning, and administration — even as warehousing workloads and data volumes change. The autonomous database is an entirely new class of offering which requires zero operational administration on the customer’s part, enabling cloud data warehousing that is:

Easy. The industry’s first one-step warehouse provisioning spins up a secure data warehouse with automatic backup, encryption, and a high availability architecture in mere seconds. Migration to cloud is simple due to full compatibility with existing on-premises databases.

Fast. Industry-leading query performance with no tuning required. Oracle Autonomous Data Warehouse Cloud is so fast that Oracle guarantees the same workload at half the cost of Amazon Web Services.

Elastic. Independent, online scaling of compute and storage. The ability to dynamically grow or shrink resources enables true pay-per-use, dramatically lowering costs.

The world’s most popular data warehouse database is now the world’s simplest and safest. Leveraging decades of experience and technology leadership to transform how companies benefit from database services, Oracle Autonomous Data Warehouse Cloud is the first of many Oracle Autonomous Database Cloud services. Other services in development include Oracle Autonomous Database for Transaction Processing, Oracle Autonomous NoSQL Database for fast, massive-scale reads and writes (commonly demanded by the Internet of Things), and Oracle Autonomous Graph Database for network analysis. Each of these offerings is tuned to its specific workload, and shares the defining characteristics of Oracle Autonomous Database services:

Self-managing. Eliminates human labor and human error to provision, secure, monitor, backup, recover, troubleshoot, and tune the database. Automatically upgrades and patches itself while running.

Self-securing. Protects from external attacks and malicious internal users. Automatically applies security updates while running to protect against cyberattacks, and automatically encrypts all data.

Self-repairing.  Provides automated protection from all planned and unplanned downtime with up to 99.995 percent availability, resulting in less than 2.5 minutes of downtime per month, including planned maintenance.

The Oracle Autonomous Data Warehouse is built on Oracle Database 18c, the first release in Oracle’s new annual database software release model. A hotbed of innovation with over 100 new features, Oracle Database 18c is now available on Oracle Cloud Services, Oracle engineered systems, and livesql.oracle.com.

The announcement followed on the heels of Oracle’s recently announced expansion of its Oracle Cloud Platform Autonomous Services.   During this calendar year, Oracle plans to deliver Oracle Autonomous Analytics, Oracle Autonomous Mobility, Oracle Autonomous Application Development and Oracle Autonomous Integration services.

Consumer groups seek probe of YouTube over ads for kids

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http://www.nationmultimedia.com/detail/Startup_and_IT/30342816

Consumer groups seek probe of YouTube over ads for kids

Tech April 09, 2018 14:27

By Agence France-Presse
Washington

Consumer and activist groups called Monday for an investigation into Google-owned YouTube for allowing advertising to be targeted at children in apparent violation of US law.

The organizations said that although YouTube claims that the site is only for users 13 and up, Google generates significant profits from kid-targeted advertising on the video-sharing service.

Twenty-three organizations signed a complaint to the Federal Trade Commission (FTC), arguing that YouTube is among the most popular online platforms for children and offers many programs designed and promoted for children.

According to the complaint, Google collects personal information about minors on YouTube, including location, unique device identifiers and mobile telephone numbers, and uses that to target advertisements to kids across the internet, apparently without their parents’ consent.

It noted that YouTube contains child-oriented channels such as ChuChu TV Nursery Rhymes & Kids Songs, with millions of subscribers, and that advertisers pay Google a premium to place their ads on a “parenting and family” lineup including channels aimed at children.

“For years, Google has abdicated its responsibility to kids and families by disingenuously claiming YouTube — a site rife with popular cartoons, nursery rhymes and toy ads — is not for children under 13,” said Josh Golin of the Campaign for a Commercial-Free Childhood, one of the groups filing the complaint.

Golin added: “Google profits immensely by delivering ads to kids and must comply with COPPA,” the Children’s Online Privacy Protection Act.

Jeff Chester of the Center for Digital Democracy, another group signing the complaint, said that Google “has acted duplicitously by falsely claiming in its terms of service that YouTube is only for those who are age 13 or older, while it deliberately lured young people into an ad-filled digital playground.”

Contacted by AFP, a Google spokesman said the company had not seen the complaint but that “protecting kids and families has always been a top priority for us.”

The spokesman added in a statement, “Because YouTube is not for children, we’ve invested significantly in the creation of the YouTube Kids app to offer an alternative specifically designed for children.”

Other groups signing the FTC complaint included Common Sense, Consumer Action, the Consumer Federation of America, Consumers Union and the Electronic Privacy Information Center.

COPPA, passed by Congress in 1998, restricts websites’ handling of data and advertising for children.

Several website operators have faced fines for violations, including Yelp and a unit of the Walt Disney Co.

Ransomware emerges as top data security threat: IBM Security

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Ransomware emerges as top data security threat: IBM Security

Tech April 09, 2018 13:47

By The Nation

IBM Security on Monday announced results from its 2018 IBM X-Force Threat Intelligence Index which found the number of records breached dropped nearly 25 per cent in 2017, as cybercriminals shifted their focus to launching ransomware and destructive attacks that lock or destroy data unless the victim pays a ransom.

Last year, more than 2.9 billion records were reported breached, down from 4 billion disclosed in 2016. While the number of records breached was still significant, ransomware provided the most common threat in 2017 as attacks such as WannaCry, NotPetya, and Bad Rabbit caused chaos across industries without contributing to the total number of compromised records reported.

Other key findings included:

• A historic 424 per cent jump in breaches related to misconfigured cloud infrastructure, largely due to human error;

• For the second year in a row, the financial services industry suffered the most cyberattacks, accounting for 27 per cent of attacks across related industries.

The IBM X-Force Threat Intelligence Index is comprised of insights and observations from data analysed via hundreds of millions of protected endpoints and servers across nearly 100 countries. IBM X-Force runs thousands of spam traps around the world and monitors tens of millions of spam and phishing attacks daily while analysing billions of web pages and images to detect fraudulent activity and brand abuse.

SE Asia businesses at risk of costly cybercrime, studies find

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SE Asia businesses at risk of costly cybercrime, studies find

Tech April 09, 2018 13:45

By The Nation

Cybercrime is relentless, undiminished, and unlikely to stop, thus presenting a cybersecurity threat and potential revenue losses for every businesses, according to a recent study.

 

Cyber crime cost the Asia Pacific region US$171 billion (Bt5.34 trillion) in damages, almost a third of the global total of $544.5 billion, found the study by the Centre for Strategic and International Studies (CSIS) and online security company McAfee.

Markets in Southeast Asia have already been used as launch pads for attacks, either as vulnerable hotbeds of unsecured infrastructure or as well-connected hubs to initiate attacks, the study found.

Perhaps more worryingly, a study by AT Kearney has revealed that the top 1,000 companies in SEA potentially stand to lose $750 billion in market capitalisation from cyberattacks. This reiterates the importance for businesses to stop ignoring the need for cybersecurity capabilities and include it as one of their top priorities.

In light of the recent findings around the financial implications of poor cybersecurity among businesses, McAfee recent released a new report, Winning the Game, which investigated the technology investment and skills required to win in the fight against cyberthreats. The report has also revealed companies are not doing enough to recruit and retain top talent, leading to an unsatisfied workforce and increased cybersecurity risk, the reported said.