In this week's TechNave Business Bytes Week 2 May 2024 there's news from tech, finance, and sustainability. Samsung highlights eco-friendly practices in its Galaxy S24 series and maintains dominance in digital signage. Cybersecurity concerns are addressed with details on recent threats and protective measures. Positive social initiatives include Grab's community support and a Shariah-compliant auto financing plan. Tech advancements include high-speed memory cards from Samsung and a study on cloud adoption in the public sector. Additionally, AMD celebrates a milestone anniversary and partnerships drive innovation in finance and digital payments. Finally, Samsung gears up for the Paris Olympics. Do read on for more details.
Samsung: Advancing Circularity with the Galaxy S24 Series
Samsung recently celebrated Earth Day by reflecting on the Galaxy S24 series and highlighting young changemakers' work. Samsung aims to harness technology's power for people and the planet, increasing recycled materials in Galaxy devices and collaborating with the UNDP. The Galaxy S24 series advances sustainability by incorporating recycled cobalt, rare earth elements, and steel in key components.
Recycled plastics from discarded fishing nets, water barrels, and PET bottles are used, aiming to recover nearly 100 metric tons by 2024. Recycled aluminum from manufacturing scrap targets 110 metric tons by 2024. The packaging box is made from 100% recycled paper, aiming to recover nearly 2,760 metric tons by 2024. Samsung remains committed to scaling these innovations for a more sustainable future.
Samsung Electronics Ranks First in Global Digital Signage Market for 15th Consecutive Year
Samsung Electronics has maintained its position as the leading signage manufacturer globally for 15 consecutive years, capturing a 33% market share and selling a record-breaking 2 million units in 2023. Samsung's success is attributed to its commitment to innovation, adapting to market demands, and meeting customer needs. The company offers a diverse range of signage products, including The Wall, Smart Signage, Outdoor Signage, and Samsung Interactive Display, catering to various business environments.
Samsung's leadership is further solidified by its introduction of cutting-edge technologies such as the world's first transparent Micro LED display and the Samsung Visual eXperience Transformation (VXT) platform, which combines content and remote signage operations on a secure cloud-native platform. With the global display signage market projected to grow rapidly, Samsung is well-positioned to maintain its dominance and drive industry innovation. Check out their site for more details.
Kaspersky: Every third cyber incident was due to ransomware
Kaspersky's research reveals a concerning trend of ransomware attacks accounting for every third cyber incident in 2023. Targeted ransomware groups saw a 30% global increase and a 71% surge in known victims compared to 2022, focusing on government agencies, prominent organizations, and specific individuals. Lockbit 3.0, BlackCat/ALPHV, and Cl0p were the most prevalent ransomware, with smaller, more elusive groups emerging. Ransomware-as-a-Service platforms complicate the cybersecurity landscape, while attacks via contractors and service providers facilitate large-scale assaults.
Kaspersky emphasizes the need for robust cybersecurity measures, including deploying solutions like Kaspersky Endpoint Security and embracing Managed Detection and Response capabilities to combat evolving ransomware threats.
Kaspersky: more than 61M bruteforce attacks targeting firms in 2023
Kaspersky reported blocking over 61 million Bruteforce attacks targeting businesses in Southeast Asia in 2023. Bruteforce attacks involve systematically guessing passwords or encryption keys until the correct one is found, allowing attackers to gain unauthorized access. RDP, Microsoft's protocol for remote computer connections, was commonly targeted.
Vietnam, Indonesia, and Thailand had the highest number of attacks, while Singapore, the Philippines, and Malaysia had significant incidents. Companies should prioritize endpoint and network security to protect against AI-enhanced Bruteforce attacks and potential financial or reputational damage. Check out their site for more details.
#KongsiKebaikan: Grab Malaysia and Partners Spread Ramadan and Raya Joy
Grab Malaysia recently celebrated Hari Raya Aidilfitri with various community events and initiatives themed "Kebaikan Dalam Setiap Pesanan." They partnered with Lembaga Zakat Selangor to provide school starter kits to 780 children of Grab's driver- and delivery-partners. A surau at KLIA landside was restored in collaboration with Pusat Pungutan Zakat - MAIWP.
Other activities included over 2,500 individuals receiving bubur lambuk distributed by Grab Malaysia and its partners while the Cabaran Ramadan-UmrahGrab contest offered an umrah package to winners from among consumers and partners. Open houses were hosted in several cities to extend the festivities to underserved communities. Grab Malaysia aimed to address community needs and create positive social impact through these efforts.
Direct Lending partners with Tan Chong Motor Holdings Berhad to introduce a Shariah-compliant Auto Service Financing Plan
Direct Lending, a Malaysian digital lending platform, recently partnered with Tan Chong Motor Holdings Berhad to offer a Shariah-compliant, fully digital auto service financing plan at Nissan Service Centres nationwide. Customers can check their financial eligibility and validate documents online, securing immediate financing with a repayment period of up to 12 months.
The application process involves filling in details, submitting identification, and making the first payment digitally. Initially available at 10 selected service centres, the service will expand nationwide. Direct Lending aims to alleviate the financial burden of vehicle maintenance and enhance overall vehicle ownership experience, while Tan Chong prioritizes customer safety by ensuring financial flexibility for optimal vehicle maintenance.
Samsung introduces 256GB SD Express microSD card, mass-produced 1TB UHS-1 microSD card uses latest V-NAND tech
Samsung Electronics recently announced the sampling of its 256GB SD Express microSD card with a sequential read speed of up to 800MB/s and the mass production of its 1TB UHS-1 microSD card. The SD Express microSD card offers SSD-like performance and capacity in a small form factor, with read speeds reaching up to 800MB/s, 1.4 times faster than SATA SSDs and four times faster than traditional UHS-1 memory cards. Samsung's new 1TB microSD card stacks eight layers of the company's 8th-generation 1Tb V-NAND within a microSD form factor, achieving a high-capacity package previously only possible in SSDs.
Both cards feature various protection measures, including water protection, extreme temperature resistance, drop-proof design, wear-out protection, and X-ray and magnetic protection. The 256GB SD Express microSD card will be available later this year, while the 1TB UHS-1 microSD card is set to launch within the third quarter of 2024. Check out their site for more details.
Nutanix Study: Public Sector IT Investment Focused on AI, Ransomware Protection, and Operational Efficiency
Hybrid multicloud deployments are expected to increase fourfold in the next three years in the public sector to enhance efficiency, security, and innovation. The Public Sector Enterprise Cloud Index (ECI) survey by Nutanix revealed that 87% of public sector IT leaders anticipate adopting multiple IT operating models, but current usage lags behind other industries. Hybrid multicloud adoption varies across sub-sectors, with public education leading and federal and state governments lagging.
Ransomware prevention, IT modernization, and AI strategy support are primary drivers for IT infrastructure investments. Security and compliance are the biggest drivers of application relocation, with 92% of public sector organizations moving applications to different IT environments in the past year. AI use is increasing, with 80% of the public sector expecting to increase investments in AI technology in the next year. Check out their site for more details.
AMD Celebrates 55 Years of Innovation, Focusing on AI and High-Performance Computing
AMD recently celebrated its 55th anniversary, highlighting its rich history of innovation and the significant role of AI in shaping the company's future. The company's strategic investments in research and development have quadrupled in the past five years, reaching $5.9B in 2023. AMD's broad portfolio covers supercomputing, cloud, edge, embedded, and personal computing, positioning it to meet diverse customer demands.
AMD's AI-accelerated products, such as the Instinct MI300 Series accelerators, cater to the rapidly growing AI market. The company emphasizes the importance of open ecosystems and industry partnerships to drive AI innovation. Check out their site for more details.
Strategic alliance between AEON Bank and VISA to revolutionize the digital payment ecosystem
AEON Bank, Malaysia's first Islamic digital bank, recently partnered with Visa to transform digital payments and cashless transactions in Malaysia. The partnership will introduce the AEON Bank x Visa Debit Card-i and expand to various digital payment solutions that adhere to Shariah banking principles. AEON Bank aims to provide secure, accessible, and convenient banking solutions to meet local consumers' demands.
Visa's global experience in digital payment technology will integrate with AEON Group's retail and finance ecosystem, offering value-added digital payment solutions. The collaboration will drive the next phase of growth for AEON Bank and transform payment experiences for Malaysians.
Samsung Officially Kicks-off Olympic and Paralympic Campaign in Final Countdown to Paris 2024
Samsung recently launched their 'Open always wins' campaign, emphasizing openness and infinite possibilities, featuring athletes Aurélien Giraud, Johannes Floors, and Sarah Bee. Samsung unveiled the Olympic™? rendezvous @ Samsung | Champs-Elysees 125 showcase, designed by Jean Nouvel, offering immersive experiences and showcasing innovations. The showcase celebrates openness, reflecting Samsung's commitment and collaboration with the Olympic and Paralympic Games.
Samsung will open additional Olympic™? rendezvous spaces and Galaxy Charging Stations across Paris. The Olympic™? rendezvous @ Samsung on Champs-Élysées will be open to the public from May 3 to October 31, hosting special events and welcoming visitors to engage with the Olympic and Paralympic Games Paris 2024.
GXBank and Zurich Malaysia sign 10-year partnership to help people who don't have enough insurance
GXBank, Zurich General Insurance Malaysia Berhad, and Zurich Life Insurance Malaysia Berhad announced a 10-year bancassurance partnership to create micro protection products for underserved Malaysians. The first product, launching in Q3 2024, safeguards against unauthorized transactions and scams.
In terms of roles, GXBank leverages technology to identify customer needs, while Zurich Malaysia provides insurance expertise. The partnership aims to address the lack of affordable insurance, especially among vulnerable communities, as 84% of uninsured Malaysians are between 18-34 years old. With rising cybercrimes and increasing financial uncertainties, the collaboration aims to empower Malaysians to take charge of their financial future.
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