TechNave Business Bytes Week 3 May 2024: Top Trends in Cybersecurity, Sustainability, and Technology


In this week's TechNave Business Bytes Week 3 May 2024 there's a variety of news from the worlds of cybersecurity, sustainability, and technology advancements. In cybersecurity, Kaspersky's report raises concern about the growing trend of long-lasting cyberattacks. Accacia is leading the way in real estate decarbonization by offering AI solutions that integrate seamlessly with existing systems. Meanwhile, smart Malaysia is promoting electric vehicle adoption through their "Go Green Go smart" campaign.

Alibaba Cloud is making Generative AI more accessible with their newly launched certification course. Additionally, the merger of LogRhythm and Exabeam promises to strengthen AI-powered security operations. vivo Malaysia and INTI University collaborate for a fashion phone launch while Samsung is offering display solutions to help businesses innovate. Moomoo Malaysia is making investing easier with the introduction of fractional shares.


Kaspersky: long cyberattacks persist due to exploitation of trusted relationships

The Kaspersky Incident Response 2023 report recently revealed that over 1/5 of cyberattacks in 2023 persisted for more than a month, with a 5.55% increase from 2022. Exploitation of trusted relationships emerged as a primary attack vector, accounting for 6.78% of total attacks. Compromising trusted relationships allows threat actors to infiltrate multiple victims through a single compromised organization, posing challenges for investigations.

Attacks via trusted relationships often take longer to progress, with 50% lasting over a month, similar to attacks using insider and phishing vectors. Kaspersky emphasizes the importance of trust in cyberattacks and urges businesses to prioritize security measures against such sophisticated tactics.


Accacia's approach to real estate decarbonization

The real estate sector, a significant contributor to global carbon emissions, faces pressure to undergo transformative changes due to environmental concerns and climate goals. Accacia leverages AI and SaaS technology to revolutionize global real estate decarbonization by seamlessly integrating with existing systems and providing comprehensive solutions for tracking and reducing emissions. The company's early clients include Hines and JSW Group, and it has achieved notable milestones such as securing the Global Real Estate Sustainability Benchmark (GRESB) accreditation.

Accacia's go-to-market strategy involves targeting local asset managers in Southeast Asia and expanding into North America, capitalizing on the evolving regulatory landscape and increasing demand for green buildings. With a recent US$6.5 million pre-series A funding round, Accacia aims to develop its decarbonization planning engine and forge strategic partnerships to drive sustainable practices across the real estate industry.


vivo Malaysia collaborates with INTI University for vivo Y100 5G

vivo Malaysia recently collaborated with INTI International Universities & Colleges to launch the vivo Y100 5G and provide a platform for fashion design students to showcase their creativity inspired by the phone's aesthetics. The event featured a fashion show challenge, where students presented their unique designs inspired by the vivo Y100 5G, and a wallpaper design challenge for aspiring graphic designers.

vivo Malaysia announced five winners for the fashion show challenge and participants also engaged in a bead jewelry making workshop. The vivo Y100 5G purple leather edition stands out with its fashionable design, making it a popular choice among the modern youth. This collaboration offers students a valuable opportunity to showcase their talents and gain real-world experience in design and technology.


The Learning Curve, Part 1: Why Teaching AI New Languages Begins with Data

Samsung Research in Indonesia (SRIN) recently revealed their aims to democratize mobile AI by enabling more users to maximize their potential through Galaxy AI, which now supports 16 languages including Bahasa Indonesia. The process of teaching AI to speak a new language involves establishing targets, collecting and processing data, and collaborating with experts.

Galaxy AI features such as Live Translate, Interpreter, and Note Assist perform automatic speech recognition, neural machine translation, and text-to-speech, each requiring extensive data and resources. The SRIN team worked closely with linguistics experts and other Samsung Research centers to overcome challenges and adopt best practices. The language expansion project holds significance as it was SRIN's first AI project and reflects Samsung's values of openness, respect, and cultural incorporation.


Moomoo Malaysia launches Fractional Shares as 80% of Young Investors Plan EPF 3 Fund for Investment

Moomoo Malaysia recently launched fractional shares, enabling users to invest in portions of over 500 US stocks and ETFs, making overseas market investments more accessible, especially for young investors planning to reinvest their EPF 3 funds. A survey reveals that two-thirds of Moomoo Malaysia users prioritize financial freedom and retirement planning, with nearly 60% likely to reinvest their EPF Account 3 funds for retirement.

Young investors show a growing interest in global market equities, with top-traded US stocks including Nvidia, Apple, Tesla, and Amazon. Fractional shares allow investors to overcome high entry barriers, diversify portfolios, and implement optimized incremental investments. Moomoo Malaysia aims to empower young investors to build robust investment portfolios and participate in the wealth generated by leading companies.


Samsung for Business: An Innovative Way Forward for Every Business

Recently, Leslie Goh, Regional Head of Display, Southeast Asia & Oceania, Samsung Electronics offered insights on how Samsung could innovate businesses. Digital transformation is in high demand due to constant disruptions and businesses are adapting across various activities. KFC Philippines integrated Samsung kiosks and displays to enhance customer experiences and operational efficiency.

Samsung emphasizes the importance of taking digital transformation to the next level, adopting integrated solutions, and prioritizing sustainability and security. The Samsung Display Tech Summit 2023 showcased Samsung's technology vision and solutions to help enterprises thrive in the digital age.

Samsung offers an integrated approach with devices, services, and solutions, combining expertise in technology, security, and sustainability. Samsung collaborates with partners to provide industry-specific solutions tailored to meet the unique needs of different verticals.


Alibaba Cloud Launches Generative AI Course to Upskill Global Digital Talent 

Alibaba Cloud recently launched the Alibaba Cloud Certified Associate (ACA) Generative AI Engineer Course globally in May 2024 to enhance AI accessibility. Developed by Alibaba Cloud Academy, the course covers fundamental knowledge of Generative AI, from machine learning to natural language processing and model leveraging. Users can develop skills to deploy Generative AI apps on Alibaba Cloud platforms and earn an ACA certificate upon course completion.

Alibaba Cloud aims to equip 10,000–20,000 learners with basic AI knowledge by the end of 2024. Since April 2023, over 60,000 individuals received training certificates through Alibaba Cloud's talent development initiatives. Alibaba Cloud Academy Skills Centers and Training Centers serve as offline hubs for people to learn cloud computing and stay updated on technological advancements, with plans to expand to more markets in Asia and Europe in 2024. You can check out their site for more details.


LogRhythm and Exabeam Announce Merger

LogRhythm and Exabeam recently announced their merger to enhance AI-driven security operations. The combined entity aims to provide innovative cybersecurity solutions, leveraging the strengths of both companies. Customers will benefit from increased R&D investments, improved service and support, and access to a broader AI-driven product portfolio.

The merger will enable the development of holistic solutions that integrate AI, automation, SIEM, security analytics, and UEBA to combat cyberthreats effectively. The transaction is expected to close in Q3 2024, subject to regulatory approvals and customary conditions.


smart Malaysia encourages Sustainability with ‘Go Green Go smart’ Campaign

smart Malaysia recently launched their "Go Green Go smart" campaign to promote sustainable mobility by encouraging the transition from ICE vehicles to EVs. The campaign offers incentives such as trade-in value or a glamping experience, a complimentary smartCharge Home Charger, and low-interest financing options.

smart Malaysia is committed to expanding the charging infrastructure and emphasizes community engagement through a referral program. Interested individuals can test drive the smart #1 at authorized dealerships and redeem a coffee voucher from ZUS Coffee.


HONOR Releases Android 15 Beta Program for Developers on HONOR Magic6 Pro and HONOR Magic V2

HONOR recently announced Android 15 Beta 1 for HONOR developers on May 10, 2024, starting with HONOR Magic6 Pro and HONOR Magic V2. Android 15 offers enhanced security and privacy, optimized device resource management, and improved user experience. It also introduces a SDK sandbox and enhanced Privacy Indicator for better privacy protection.

Android 15 refines the Android Dynamic Performance Framework for efficient power management and optimizes personalized features. HONOR supports developers in adapting and optimizing applications for Android, and Android 15 Beta 1 is available for developers to enhance compatibility and development. The recent HONOR Magic6 Pro and HONOR Magic V2 are guaranteed to receive 4 major MagicOS updates and 5 years of security updates.


Ensign InfoSecurity: Manufacturing and Government sectors account for almost 40% of Malaysia’s organisational cyberattacks in 2023

Ensign InfoSecurity recently launched its fifth Cyber Threat Landscape Report, providing detailed insights into the cybersecurity trends and outlook across six Asia-Pacific territories - Singapore, Malaysia, Indonesia, South Korea, Australia, and the Greater China Region. Manufacturing, Government, Professional Services, and Retail were added to the list of topmost targeted sectors in Malaysia, with Manufacturing and Government accounting for 38.2% of organisational victims.

Of all cyber incidents observed, more than 58% were motivated by ransom, which was the primary outcome pursued by cyber threat actors. Hacktivism was highlighted as a significant threat to organisations, as a spillover from geopolitical conflicts in other regions. Ensign's Cyber Threat Landscape Report identifies Manufacturing, Government, and Technology, Media, and Telecommunications as the top targeted sectors by cyber threats in 2023. Malaysia's manufacturing sector is attractive to cybercriminals due to valuable data, continuous operations, and lower cyber hygiene.


ReSkills Launches myESG100

ReSkills recently launched myESG100 to promote sustainability-centric leadership. The initiative aims to redefine responsible business practices through monthly conversations on environmental, social, and governance (ESG) values. The launch event featured speakers like Mr Ken Lim, Founder of myESG100, and Mr Edison Choong, Head of MATRADE's ESG Unit.

Attended by prominent figures, the event also marked the signing of an MOU between myESG100 and key players in ESG entrepreneurship and youth development. myESG100 seeks to raise awareness of ESG's relevance in a world seeking sustainable solutions and connect with industry leaders and experts in sustainability.


Brother Malaysia Teams Up with PWD Smart FarmAbility for Community Sustainable Farming 

Brother Malaysia recently partnered with PWD Smart FarmAbility to address food insecurity and empower communities through regenerative agriculture. The company sponsors 40 organic regenerative vegetable terrariums, known as HOPE Boxes, to four special needs schools in Klang Valley. HOPE Boxes promote better health for stunted, malnutrition children and non-communicable diseases consumers by avoiding synthetic fertilizers and pesticides.

The schools receive knowledge, practical skills, training, and long-term monitoring to ensure a continuous supply of fresh, nutrient-rich organic vegetables. This initiative combats food insecurity, promotes regenerative practices, mitigates climate change, contributes to carbon sequestration, reduces malnutrition, and minimizes soil exhaustion, water wastage, agriculture runoff, and harm to biodiversity. Brother Malaysia believes businesses have a responsibility to contribute to the well-being of the communities they serve.


Touch ‘n Go Group is awarded Top Voted Employer in the Technology Sector

The Touch ‘n Go Group recently won the Platinum Award in the Top Voted Employer by Sector – Technology category at the inaugural SEEK People & Purpose Awards for its commitment to purpose-driven accomplishments and positive impact on employees, communities, and society. The award was determined through a survey conducted by global market research company Ipsos, ensuring a high level of representation and credibility.

Erlny Greiss, Chief Human Resource Officer of Touch ‘n Go Group, expressed honor in being recognized among notable brands and emphasized their efforts in creating a dynamic workplace environment that supports professional growth and work-life balance. The SEEK People & Purpose Awards set a high standard for HR awards in Malaysia and aim to inspire positive change in the HR community.


OutSystems Appoints Arnold Consengco as Regional Vice President, South East Asia and Greater China Region

OutSystems, a company in low-code application development, appointed Arnold Consengco as Regional Vice President of Southeast Asia and Greater China. Consengco will manage regional business development to meet the increasing demand for low-code and GenAI solutions in Malaysia. OutSystems has experienced growth in SEA and Greater China, particularly in banking, financial services, government, and manufacturing sectors.

The low-code market is projected to grow exponentially by 2026, and OutSystems aims to empower organizations with AI-powered low-code solutions for digital transformation. Consengco brings 15 years of experience in business development and implementing enterprise software applications, having held key positions in global technology and supply chain companies. He aims to replicate OutSystems' success in Northeast Asia and continue innovating solutions for better application development experiences.


EY: C-suite Forum 2024 discusses key strategies for Malaysia to achieve economic resilience

The EY C-suite Forum 2024 in Kuala Lumpur recently discussed navigating complexities and seizing opportunities in Malaysia's economic landscape. YB Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II, emphasized the government's commitment to economic and fiscal reforms for resilience, sustainable growth, and regional competitiveness.

The Ekonomi Madani framework focuses on "raising the ceiling" by expanding the economy and "raising the floor" by increasing social protection. Tax developments like e-Invoicing enhance compliance and support digitalization. The Tax Corporate Governance Program encourages cooperative compliance among taxpayers. Dr. Apurva Sanghi highlighted stable macro policies, infrastructure, and talent as investment drivers, stressing the need to address the 40% learning poverty rate.


Banks warn against scammers pretending to be from the National Scam Response Centre

The Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) are warning about scams where fraudsters impersonate National Scam Response Centre (NSRC) officers. The fraudsters claim that the victims' personal information is linked to illegal activities and use lengthy "interrogation" tactics to gain their trust.

After gaining the victims' trust, the fraudsters ask them to leave their debit/ATM cards at a designated location, allowing the fraudsters to access their online banking accounts and make unauthorized transactions or withdraw cash. Bank customers are advised to be vigilant and not share their personal information with anyone over the phone.


Velo Technologies Officially Partners With Infinaxis to add 2MW Capacity to Upcoming Data Centre

Malaysia's technological progress continues to soar with the implementation of the New Industrial Master Plan 2030 (NIMP 2030), supported by Budget 2024 measures for business digitalisation. The Malaysian data centre market is expected to grow at a CAGR of 13.92% from 2023 to 2029, reaching US$ 3.97 billion by 2029. Infinaxis, a leader in data centre facility provision, partners with Velo Technologies, an end-to-end data centre and managed service provider, pledging an initial 2 megawatts (MW) capacity.

The partnership aims to generate RM100 million in value, expand Velo Technologies' Cyberjaya data centre footprint, and meet growing client demands. The data centre is strategically located in Cyberjaya, scheduled for Ready for Service (RFS) status by Q2 2025, with a robust 12MW IT load capacity and carrier-neutral connectivity.