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Trend Micro: 90% of IT Decision Makers Believe Organizations Compromise on Cybersecurity in Favor of Other Goals

Trend Micro study reveals urgent need for new way to discuss business risk

HONG KONG SAR – Media OutReach – 16 November 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced new research* revealing that 90% of IT decision makers claim their business would be willing to compromise on cybersecurity in favor of digital transformation, productivity, or other goals. Additionally, 82% have felt pressured to downplay the severity of cyber risks to their board.


To read a full copy of the report, please visit: https://www.trendmicro.com/explore/en_gb_trendmicro-global-risk-study

 

“IT leaders are self-censoring in front of their boards for fear of appearing repetitive or too negative, with almost a third claiming this is a constant pressure. But this will only perpetuate a vicious cycle where the C-suite remains ignorant of its true risk exposure,” said Bharat Mistry, UK technical director for Trend Micro. “We need to talk about risk in a way that frames cybersecurity as a fundamental driver of business growth – helping to bring together IT and business leaders who, in reality, are both fighting for the same cause.”

“IT decision makers should never have to downplay the severity of cyber risks to the Board. But they may need to modify their language so both sides understand each other,” said Phil Gough, Head of Information Security and Assurance at Nuffield Health. “That’s the first step to aligning business-cybersecurity strategy, and it’s a crucial one. Articulating cyber risks in business terms will get them the attention they deserve, and help the C-suite to recognise security as a growth enabler, not a block on innovation.”

The research reveals that just 50% of IT leaders and 38% of business decision makers believe the C-suite completely understand cyber risks. Although some think this is because the topic is complex and constantly changing, many believe the C-suite either doesn’t try hard enough (26%) or doesn’t want (20%) to understand.

There’s also disagreement between IT and business leaders over who’s ultimately responsible for managing and mitigating risk. IT leaders are nearly twice as likely as business leaders to point to IT teams and the CISO. 49% of respondents claim that cyber risks are still being treated as an IT problem rather than a business risk.

 

This friction is causing potentially serious issues: 52% of respondents agree that their organization’s attitude to cyber risk is inconsistent and varies from month to month.

 

However, 31% of respondents believe cybersecurity is the biggest business risk today, and 66% claiming it has the highest cost impact of any business risk – a seemingly conflicting opinion given the overall willingness to compromise on security.

 

There are three main ways respondents believe the C-suite will sit up and take notice of cyber risk:

  • 62% think it would take a breach of their organization
  • 62% it would help if they could better report on and more easily explain the business risk of cyber threats
  • 61% say it would make an impact if customers start demanding more sophisticated security credentials

“To make cybersecurity a board-level issue, the C-suite must come to view it as a true business enabler,” said Marc Walsh, Enterprise Security Architect at Coillte. “This will prompt IT and security leaders to articulate their challenges to the board in the language of business risk. And it will require prioritized, proactive investments from the boardroom – not just band-aid solutions following a breach.”

 

*Trend Micro commissioned Sapio Research to interview 5321 IT and business decision makers from enterprises larger than 250 employees across 26 countries​.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk

#TrendMicro

Hao Yi Tou launches new foot reflexology studio, offers first-class experience for working professionals

SINGAPORE – Media OutReach – 16 November 2021 – Step into a sublime sanctuary of relaxation with Hao Yi Tou, a newly launched foot reflexology studio. Designed to provide an immersive escape that combines the comforting journey of a first-class in-flight experience, Hao Yi Tou transports guests to a headspace like no other, with a comprehensive range of therapeutic reflexology services at affordable prices.

 

Conveniently located beside Chinatown MRT, Hao Yi Tou stands out as a destination for a pampering retreat for tired feet. Guests can check-in feeling completely at ease with the studio’s plush, ornate interiors, before repairing their soles with a thorough foot treatment. Besides shedding away tension or fatigue in your feet, Hao Yi Tou offers a range of reflexology services including shoulder, back and full body massage. These traditional healing methods are reinforced with stronger strokes along the pressure points that can help boost energy levels, improve nerve function, blood circulation, relieve tired muscles and soothe headaches.

 

Darren Yew, Founder of Hao Yi Tou said, “We are excited to announce the flagship opening of Hao Yi Tou, a first of many outlets to come. With the pandemic situation limiting our access to travel, we wanted to recreate that feeling of going on a holiday again, and what better way than a relaxation experience that soothes both your sole and soul? Foot reflexology is known to provide an overall sense of well-being, and we hope our new concept gives people greater convenience to make it part of their daily routine and enjoy the benefits of regular foot care for better health and happiness.”

 

Experienced therapists who have at least twenty years under their belt, work on guests’ aching soles and body as they recline on a comfortable leather arm chair. The reflexology services come equipped with individual tablets for guests to enjoy their favourite shows and games at no additional charge. There is also a specially fabricated desk and power plug for guests’ convenience. WIFI is provided upon request.

 

Hao Yi Tou provides affordable reflexology therapy and a combination of massages starting from just $20, in sessions of 30-minute, 40-minute, and 60-minute for all ages. To book an appointment, visit Hao Yi Tou at https://www.facebook.com/Haoyitou.

#HaoYiTou

NetApp Continues to Power Ducati into the Next MotoGP World Championship

NetApp extends its collaboration to accelerate Ducati Corse’s digital transformation and deliver fast, reliable access to real-time data from anywhere in the world

SINGAPORE – Media OutReach – 16 November 2021 – NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, announced the extension of its partnership with the Ducati Corse motorcycle racing team at the completion of the 2021 MotoGP World Championship race in Valencia, Spain. For the next two years, NetApp will continue to help advance Ducati’s performance in the MotoGP World Championship, the world’s most prestigious motorcycle racing competition.

The collaboration between Ducati (part of the Volkswagen Group), through its Ducati Corse division, and NetApp began in 2018 in a bid to maximise the use of data to improve performance within the world of racing. NetApp and Ducati are expanding their work together to accelerate digital transformation by:

  • Optimising 3D product design in complex development projects by implementing a new virtual desktop environment, allowing engineers to collaborate efficiently all over the world. As part of this improvement, engineers and developers can securely leverage and archive any project data, using the rich functionalities of NetApp StorageGRID object storage.
  • Automating the racing team’s data workflow before, during and after the race. Engineers can support their team’s success, both remotely and on-site to maximise the power of information for the win.
  • Supporting the overall evolution of the information technology strategy through collaboration between Ducati and the Professional Services teams at NetApp.

“We are delighted to build on the collaboration with NetApp, which has developed well over the past four years,” said Luigi Dall’Igna, General Manager at Ducati Corse. “We look forward to working together to continue to optimise our performance with the limitless possibilities that the power of data can bring to the motorbike racing world.”

 

“Leading a winning team requires exploring new ways to succeed and finding any edge to beat the competition,” said Cesar Cernuda, President at NetApp. “Our partnership and momentum with Ducati Corse are thriving and the team secured three of the top five placements in world standings this year. We are proud to support the ongoing digital transformation of Ducati into a winning, data-driven company.”

About NetApp

NetApp is a global cloud-led, data-centric software company that empowers organisations to lead with data in the age of accelerated digital transformation. The company provides systems, software and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organisations build their own data fabric and securely deliver the right data, services and applications to the right people—anytime, anywhere. Learn more at www.netapp.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc.

#NetApp

About Ducati

Founded in 1926, since 1946 Ducati has been manufacturing sport-inspired motorcycles characterised by high-performance engines, innovative design and cutting-edge technology. Ducati factory is located in Bologna’s Borgo Panigale district. The model range covers several market segments with the following families: Diavel, XDiavel, Hypermotard, Monster, Multistrada, SuperSport, Panigale and Streetfighter. In 2015, Ducati presented the Ducati Scrambler: a new brand made of bikes, accessories and apparel that that stands out for its creativity and self-expression. In 2020 Ducati unveiled the Multistrada V4, the world’s first motorcycle equipped with front and rear radar, which with its technology marks a new milestone for the world of two wheels. Ducati iconic motorcycles, together with an extensive range of bike accessories and technical and lifestyle apparel, are distributed in 90 countries worldwide. In 2020 Ducati delivered 48,042 bikes to customers. Ducati competes in both MotoGP and Superbike World Championships. The Company has been racing in the MotoGP category since 2003 and has won the Constructors’ World Title in 2020 and 2021. Furthermore, Ducati was World Champion in the 2007 season, winning both Constructors’ and Riders’ Title. In Superbike, Ducati has won 17 Manufacturer’s Titles and 14 Rider’s Titles.

Laos Hits New Record Number of Covid-19 Cases and Deaths

Covid-19 Update


Laos has recorded 1,306 new cases of Covid-19 and six new deaths across the country today.

Local Company to Construct Smart City in Vientiane Capital

New Smart City project to be developed in Vientiane Capital
An artist's impression of the new Smart City project in Vientiane Capital.


Lao-owned construction company Douangchaleun Development Construction Group is to construct a Smart City development project in the capital of Laos.

Laos Examines Expressway Route to Vietnam

Vientiane to Vietnam Expressway
An expressway in Vietnam.


The Government of Laos is discussing plans for a new expressway running from Vientiane through Xaysomboun, Xieng Khouang and Houaphan provinces to the Vietnamese border.

Sleek raises $14M in Series A funding led by White Star Capital and Jungle Ventures

SINGAPORE – Media OutReach – 16 November 2021 – Sleek, a leading platform providing incorporation and accounting services for SMEs and entrepreneurs, has announced a $14M in Series A funding led by White Star Capital and Jungle Ventures. This brings the total capital raised by the company to $24M. Sleek will use the fresh funds to bolster tech and product development, hiring, and expand presence in existing markets and enter new ones.

 

Entrepreneurs and SMEs often struggle to separately deal with several siloed functions such as company secretary, bookkeeping, banking, tax, payroll, employment services, insurance, and more.

 

Founded in 2017 by Julien Labruyere and Adrien Barthel in Singapore, Sleek is a back-end operating system for start-ups and SMEs, a simple, single platform to manage all back office operations in a seamless manner, and seek expert advisory from qualified professionals. The platform streamlines, automates and integrates company set-up, financial and regulatory reporting, book-keeping and banking services.

 

The company has also constantly been expanding its bouquet of services. It recently launched ‘Sleek Business Accountthat simplifies opening bank accounts for SMEs. It enables entrepreneurs and small business owners to open a deposit account in just a day through the Sleek app, and start transacting, getting rid of the onerous paperwork requirements before opening an account. Additionally, the account details can be easily viewed on the Sleek dashboard along with the other company metrics to streamline bank reconciliation for accounting and book-keeping purposes. The company is also planning to release products addressing remittances and card issuance.

 

Sleek manages a growing portfolio of over 5,000 companies, who collectively generate about $700M of revenue and processed over 1.4M bookkeeping transactions in 2020. Since inception, Sleek has expanded offices beyond Singapore to Hong Kong, Australia, UK, and the Philippines.

 

Commenting on the announcement, Julien Labruyere, co-founder of Sleek said, “We are very excited to partner with White Star Capital and Jungle Ventures as we are expanding our services and entering two new markets – Australia and the United Kingdom. This will allow us to grow faster and improve our product further in order to become the go-to digital platform for all entrepreneurs.”

 

Adrien Barthel, co-founder of Sleek, added, “With the launch of Sleek Business Account, we have added a major brick in our product vision of building the Operating System for entrepreneurs. Gone are the days where you needed to navigate between your corporate secretary, accountant and banker – often sending documents hardcopies via courier. Now everyone can start a Singapore company and collect the first payments in a day, and from anywhere!”

 

Eric Martineau-Fortin, Founder and Managing Partner at White Star Capital said  “We are extremely pleased to be able to make our second South-East Asian investment out of our newly announced third fund, and believe we can be an excellent partner to Sleek and leverage our global footprint to help address a fundamental problem for all SMEs and supercharge their growth into Europe and Australia.” 

 

David Gowdey, Managing Partner of Jungle Ventures said “Sleek addresses the deeply underserved challenge of back office management for entrepreneurs and SMEs globally. Their growth across geographies, and rapid expansion is testament to the accelerated adoption of the platform and the value it brings to the ecosystem. It’s a fantastic business with a tremendous growth potential, and we are incredibly excited to partner with Adrien and Julien, and support their next stages of growth by leveraging our expertise and global network”

 

Sleek aims to use proceeds from the funding round to catalyse its global growth, particularly in Europe, where it has announced the acquisition of Ltd Companies, a market leader in UK incorporation management that has incorporated more than 450,000 companies since its foundation in 2005. Sleek will add its products and technology stack to the existing Fresh Startups offering to build a holistic SME operating system for UK-based entrepreneurs and businesses. Financial terms of the deal were not disclosed.

About Sleek

Sleek was founded in Singapore in May 2017 by French entrepreneurs Julien Labruyere and Adrien Barthel, who grew frustrated at the pedestrian speed of traditional corporate secretaries and accounting firms and their paperwork. Through its paperless and digital platform led by a team of dedicated professionals, Sleek is a one-stop-shop for registering a business in Singapore or Hong Kong. This includes handling everything from incorporation, government, accounting and taxes, to visas and regulatory compliance. Today, Sleek helps more than 3,000 startups and companies from over 6 different continents and 115 countries onboard in Singapore, Hong Kong, Australia, UK, and the Philippines.

Find out more at www.sleek.com, or follow us on LinkedIn

#Sleek

About White Star Capital

White Star Capital is a global multi-stage technology investment platform that invests in exceptional entrepreneurs building ambitious, international businesses. Operating out of Guernsey, New York, Paris, London, Montreal, Toronto, Singapore, and Hong Kong, our presence, perspective, and people enable us to partner closely with our founders to help them scale internationally from Series A onwards.

Find out more about how we venture beyond at www.whitestarcapital.com or follow us on LinkedIn, Twitter or Facebook.

About Jungle Ventures

Jungle Ventures is a Singapore based venture capital firm focussed on early to growth-stage companies in Southeast Asia and India, with a focus on building long lasting businesses. Jungle partners with the region’s most exciting founders to build high growth, capital-efficient technology businesses, and supports their growth from seed to unicorn, and IPO stage. Our portfolio includes regional and global category leaders like Kredivo, Moglix, Pomelo, Livspace, Builder.ai, Sociolla and more.

Find out more at www.jungle.vc/, or follow us on LinkedIn, Twitter, Youtube, or Instagram.

Engineering Job Opportunities Dip 45%, Most Affected by Q3 2021 Lockdown: Michael Page Vietnam

HO CHI MINH CITY, VIETNAM – Media OutReach – 16 November 2021 – According to job opportunity data shared by global recruitment specialists Michael Page Vietnam, the number of jobs in Q3 2021 compared to Q2 suffered a direct impact from the country’s Q3 pandemic lockdown. New job positions opened were largely on the decrease within Engineering (down 45%) and Human Resources (down 31%).

Mark Donnelly, Director of Michael Page Vietnam


Mark Donnelly, General Director of Michael Page Vietnam observes, “With all the government lockdown regulations, many manufacturing sites had to shut down temporarily in Vietnam. Engineering is a massive part of this sector and because quite a lot of Vietnam’s GDP is in labour- intensive manufacturing, many companies in this sector were not able to function for those three-four months.”

While those manufacturing factories are now coming back into operations with a more optimistic outlook, comparatively it was Vietnam’s Technology job opportunities which saw the least impact. “Remote working escalated and that obviously requires a lot of technology and digital transformation. This is seen across many of Vietnam’s key sectors such as education, property and FMCG,” Mark Donnelly continues.

As confidence returns to Vietnam post pandemic lockdown, this optimistic hiring activity in Technology is expected to hold up across sectors. This will be driven by more companies going through large-scale transformation projects and the incoming investments into startups. Software developers and data analysts will be in high demand here as they form key roles in those organisations.

“Within Vietnam’s technology startup space, there is a lot of competing players entering the market from around the world and Southeast Asia. They offer a variety of ecommerce services such as banking, education, e-wallets or delivery. Apart from the technology skills required to implement these online, Vietnamese professionals at the management level are also in demand to lead and establish those businesses locally. A lot of them are aimed at providing accessibility to the population, so a larger percentage can either gain new connections to such services or these daily essentials can still be provided to the wider public in the event of another lockdown,” comments Mark Donnelly.

 

Source: Information procured from Michael Page Vietnam’s proprietary data

#MichaelPage