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Trend Micro Offers Industry’s Broadest Zero Trust Solution with the Unique Risk Insights Organizations Need

Security leader expands vision to support and secure the post-pandemic workforce

 

HONG KONG SAR – Media OutReach – 16 June 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, offers comprehensive visibility into identity and device security health based on the industry’s most comprehensive risk insights. This is critical for customers to successfully achieve true Zero Trust security.

To find out more about Trend Micro’s approach to Zero Trust, please visit: www.trendmicro.com/en_us/research/21/f/an-expert-discussion-on-zero-trust.html .

According to Forrester[1], “Zero Trust Network Access (ZTNA) is the signature security technology of the pandemic. While modestly unchaining users from their antiquated VPN technology, it has inspired organizations to reimagine how security (and networking) can be consumed both today and in the future.”

With a dispersed workforce using a variety of devices to access corporate resources hosted in a range of locations, from the corporate data center to cloud or SaaS applications, companies can no longer assume verified or trusted devices and individual identities are secure. Zero Trust is the key strategy to enhance the security of critical data and systems. It is the way forward to secure the always changing hybrid workplace in a more agile, effective manner than legacy security architectures can deliver.

However, the market is rife with confusion. Trust and access decisions are being made without the appropriate context or a complete understanding of risk based on so-called Zero Trust solutions.

“For years vendors have been claiming ‘Zero Trust’ by slapping the label on any and all types of solutions without understanding how to actually measure trust,” said Kevin Simzer, chief operations officer for Trend Micro. “Trend Micro is uniquely positioned to provide critical insight into identity and device health with its comprehensive XDR and visibility into email risk, which is foundational for building a successful Zero Trust strategy.”

Trend Micro’s Zero Trust strategy crucially leverages Trend Micro Vision One’s capabilities—delivering insight with the broadest XDR solution to cover telemetry across email, cloud, networks and SaaS applications. The strategy provides continuous security posture assessment and complete insights so teams can make informed decisions.

Key highlights for businesses include:

  • Risk and security health based on a continuous assessment of the user, device, app and content. This supports automated access control, flags incidents for alert investigations and creates dashboards for CISOs and SOC teams to make informed decisions.
  • A secure connection is established based on the health assessment each time a device or user attempts to access the corporate resource. This includes a Cloud Access Security Broker (CASB) API integration to SaaS apps, network enforcement points in front of company resources and support for blocking access to specific applications using existing endpoint agents.

Visibility for SOC teams into email usage is particularly key as phishing activity from internal users could indicate that user identities have been compromised—a common early sign of an ongoing ransomware attack.


Customers can leverage Trend Micro’s risk scores for Zero Trust to feed third-party SASE and other solutions via APIs—driving additional value. Senior decision-makers can leverage the insights and dashboard to better understand how their organization’s security posture is trending over time.


[1] Forrester, New Tech: Zero Trust Network Access, Q2 2021(David Holmes, April 2021)

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

The Rise of Asia Pacific’s Infrastructure Asset Class

  • China REITs add a compelling dimension to the real assets sector in the region.
  • Enabling the sustainable financing of these massive projects will spur the development of new financing vehicles and foster the development of infrastructure as an asset class.

NEW DELHI, INDIA – Media OutReach – 16 June 2021 – China’s highly anticipated REIT pilot program finally came to fruition this week, with the launch of the retail tranches of its first nine REITs all oversubscribed on its first day. China REITs are currently only backed by infrastructure assets packaged in a mutual fund structure, deliberately picked by authorities to spearhead the country’s recovery from the pandemic.

Together with China, there are an estimated 28 infrastructure-backed offerings securitized in various structures listed across the region currently, with a market cap of close to US$80 billion. While this is dwarfed when seen in relation to the value of its infrastructure investments, momentum is building.

The offering in the region’s largest economy adds a compelling dimension to the real assets sector in the region. Given the sheer size of China’s infrastructure market, its pilot programme for REITs is a prelude to a market that could eventually rival that of the US. According to S&P, the securitization of just 1% of such assets implies an over US$2 billion market. India’s infrastructure investment trust market is also expected to expand to over US$100 billion in the next five years, according to CRISIL Ratings.

Country

Market Capitalization (US$billion)

Australia

63.0

China

4.9

India

3.2

Japan

1.5

Singapore

6.9

Source: APREA

Note: Data as of 1 June 2021

As countries look to bounce back rapidly from the pandemic-induced recession, governments are placing infrastructure-led investments high on the stimulus agenda. Infrastructure spending has long been viewed as a powerful lever that governments can pull to stimulate the economy. Supranational bodies like the International Monetary Fund have also weighed in, noting that current low interest rates is a window of opportunity that should be seized upon.

“Infrastructure investments form a crucial part of this equation, to fast track the region’s recovery from the pandemic and secure its economic future,” observed Sigrid Zialcita, CEO of APREA.

The Asian Development Bank estimates that the region will need to invest $26 trillion from 2016 to 2030 if the region is to maintain its growth momentum, eradicate poverty and respond to climate change – that works out to US$1.7 trillion a year to the end of the decade. Currently, only about US$900 billion are estimated to be invested annually. This yields a financing gap of close to US$1 trillion a year to the end of the decade.

Given the substantial outlays involved, the requirements are unlikely to be met by traditional sources of banking. Public budgets, already stretched by fiscal responses to the pandemic, will also be limited. This entails new financing bases – from asset recycling or monetization strategies, private equity and private-public partnerships – to drive repeated rounds of infrastructure investment by tapping on institutional capital and the mobilization of retail savings.

Enabling the sustainable financing of these massive projects will gain traction and foster the development of infrastructure as an asset class. For example, infrastructure trusts, like REITs, provide a long-term source of capital that funds development cycles, catalyzing urbanization through which a country’s economy can be elevated.

“Infrastructure trusts can form a critical layer in the capital stack for financing infrastructure developments in the region. Not only will it enable developers to recycle capital, the vehicle can also form an effective exit strategy for infrastructure funds in the region,” noted Miss Zialcita.

With the pandemic exerting some urgency, there is now growing expectations that infrastructure financing volumes in the region will surge. It is not only because of the considerable multiplier effects that such massive investments generate, it is also the groundwork it lays for future economic growth. As the focus increasingly turns from containment to longer-term recovery, countries will be keen to ride on the anticipated post-pandemic economic boom which a synchronous global recovery will drive.

“The region’s largest economies are pivoting to infrastructure investments in a big way. We see this as an acceleration of the securitization trend in infrastructure and the pent-up demand for industry players eager to tap into its potential. Aside from the oft-mentioned fast-tracking of digital trends and e-commerce, the pandemic has also been game changing in hastening the securitization movement in the region,” Miss Zialcita noted.

Investors are also turning bullish over the long-term fundamentals of the sector. Global investment firm KKR just closed this year its first Asia Pacific fund at US$3.9 billion to become the largest pan-regional infrastructure fund in the region. While the lack of investment grade projects available remain an obstacle for now, development is expected to accelerate.

“As an asset class, infrastructure is inherently less susceptible to economic cycles, delivering diversification benefits in addition to a predictable long-term stream of income. With the requirements needed by the rapidly developing economies in a region that could eventually host more than half of the world’s megacities, investments into the very assets so critical in driving its growth is a trend that will be played out over decades,” said Miss Zialcita.

By 2030, seven of the world’s 10 largest megacities will be in the Asia Pacific. The region’s urban population will expand by close to three billion. The region remains a hot bed of construction activity and as its cities continue to grow, the fundamental demand for real estate and infrastructure will increase in tandem. Plans to integrate the region’s economies through infrastructure diplomacy programs will also fuel the development boom.

Anticipating the enormous implications of these megatrends, APREA rebranded recently to expand its reach to include infrastructure investments in its mandate. The benefits of investing in institutionalized assets will be more evident as the world inches towards a post-pandemic future and the securitization of the very assets so critical in driving its growth will be a massive investment opportunity.

“The region remains primed to take advantage of this revolution in real assets. APREA’s goal is to pave the way for the expansion of investment opportunities in the region and catalyse the rise of Asia Pacific’s infrastructure asset class,” Miss Zialcita added.

About APREA

APREA celebrates its 16th anniversary with the association’s mission redefined: To promote growth in the real assets sector by being the voice of members in all policy matters, providing access to industry-advancing research and insights and connecting members to business opportunities, with an aim to create value through the following key focuses:

A nchoring Success

P rofessional Development

R each out to industry leaders

E ducation & Research

A dvocacy

For more information visit www.aprea.asia

#APREA

Mobile Medical and Health Check Centre offers exclusive mRNA Circulating Tumor Cells Screening in Hong Kong

HONG KONG SAR – Media OutReach – 16 June 2021 – Mobile Medical and Health Check Centre Limited brings the new technology into the business from Taiwan, which is mRNA Circulating Tumor Cells Screening. With the mRNA dynamic gene technology can effectively detect the number and size of circulating tumor cells in the early stage, the patient can get diagnosis and treatment as early as possible. Compared to traditional medical imaging like CT and MRT, mRNA Circulating Tumor Cells Screening can screen out the size of tumors in 0.2 cm or above and it is high safety and minimal invasive by using few blood samples for testing as well.

Suitable for all people


mRNA Circulating Tumor Cells Screening is the latest cancer early detection technology, the accuracy, sensitivity, and specificity of the auxiliary diagnosis of tumors up to 93-97%. Mobile Medical is the first Hong Kong health check center to introduce mRNA Circulating Tumor Cells Screening, which was the main health checkup item in recent years and available for customers aged ten or above. It is recommending that a healthy person should check it once a year, and a high-risk group (e.g. having family cancer history) needs to check every six months.

About Mobile Medical and Health Check Centre Limited

Mobile Medical and Health Check Centre Limited committed to promote the concept of “preventive medicine” and serve the public for nearly 20 years. There are branches in different places in Hong Kong. It has a professional and experienced medical team that monitors the whole medical examination process. Also, Mobile Medical own their self-Laboratory which has much cutting-edged health check and medical equipment, and the laboratory has high quality authenticated by the BioRad international quality assurance program (QAP).

In addition, Mobile Medical provides different types of health check plans to accommodate the customer, such as gynecological check-ups and pre-marital check-ups, etc. Besides this, it will launch the different body check promotional campaigns irregularly.

For more information, please visit the official website: https://mobilemedical.com.hk/

#MobileMedicalandHealthCheckCentre

Edutech Start-up GCG Asia Launches New App Based on Proprietary Software, Social Creative Active Model (SCAM), to Accelerate Online Learning Adoption in Asia Pacific

SINGAPORE – ACCESSWIRE 16 June 2021 Edutech startup GCG Asia announced today the launch of its new application for online learning targeted towards school-going children. GCG Asia start-up founder and CEO Karen Lai said in an official announcement that the app, JomBlajar, is developed according to GCG Asia’s framework of holistic parameters—Social Creative Active Model (SCAM).

“The Social Creative Active Model (SCAM) framework was developed according to our philosophy that learning should be holistic and education should include social, creative and active modes and dimensions to get the best out of each child. GCG Asia doesn’t believe in one-size-fits-all solutions, so our Scam framework aims to cater to individual needs based on each child’s learning style,” said GCG Asia CEO Karen Lai.

The Scam framework is GCG Asia’s proprietary model that makes significant use of Artificial Intelligence to provide tailor-made guidance to student users. GCG Asia’s model uses big data and machine learning to provide supplemental tutoring systems that can monitor performance and analyse feedback.

The Scam model is able to create personalized learning experiences. GCG Asia has found that this makes for more productive learning behaviours in students, and encourages independence, self-regulation and self-explanation,” explained CEO Lai.

Since its establishment in 2019, GCG Asia’s education technology solutions have reached thousands of students across Malaysia, Indonesia and Singapore. Its first product was BlajarWeb, an offline-online hybrid solution that connected learners to tuition centers or tutors digitally. It made supplemental learning more accessible and affordable for students in the booming education market. “GCG Asia’s website served as a kind of broker between teachers and tutors, and students who wanted after-hours learning support. We didn’t expect that service to do as well as it did,” explained GCG Asia’s CEO Lai.

Pandemic conditions merely accelerated the adoption of digital learning platforms such as BlajarWeb. Since 2020, GCG Asia says its platform has logged almost one million hours of online learning through its website.

“We are solving a fundamental problem in the region that is affordability, accessibility, accountability, and flexibility. With the success of BlajarWeb, we are now able to channel resources into developing the JomBlajar app and the Scam model. We are still solving these fundamental problems but through more advanced technologies and different modes targeting different segments,” said GCG Asia’s CEO Lai.

She added that GCG Asia is moving quickly to expand and deepen its website presence in other markets around the region to countries such as Cambodia, and will be looking towards the Middle East.

Experts believe that the education model will be changing more rapidly in the next few years than it has in centuries, brought on by the pandemic shocks to the traditional systems of brick-and-mortar or physical learning and teaching classroom models.

“Education at all levels from elementary to tertiary levels is being revolutionised. GCG’s proprietary Scam education model is part of this transformative wave. Even after the pandemic has passed, we foresee that the schools and institutions that understand that the future of education is in developing personalised, modular learning environments that can be used anywhere. Those that don’t, will be left behind, and the children will suffer,” explained GCG Asia’s CEO Lai.

The market in Asia Pacific is seeing great growth opportunities to accelerate digital transformation of organisations and launch new edutech ventures. GCG Asia has seen an uptick in capital investment interests, the proceeds of which are being used to build stronger products and richer curriculums. The company will also market the Scam proprietary model to other education providers.

‘We have a lot on our plate right now. It’s the right time and the right space to be,” said GCG Asia’s CEO Lai, adding that the company is also focused on brand building and customer service. “Our customer satisfaction numbers are strong. That makes us an exciting aspect for investors,’ she said.

About GCG Asia

GCG Asia is an edutech company based in Singapore established in 2019. It operates education platform BlarjarWeb and app JomBlajar.

#GCGAsia

Global Investment Bank and Capital Trust Announces Major Investment in Asian Healthcare Start-up PsychAsia

HONG KONG SAR – ACCESSWIRE – 16 June 2021 – Global Investment Bank and Capital Trust announced today a sizeable investment in Asian mental healthcare start-up PsychAsia. PsychAsia is a Singapore-based mental healthcare application that offers personalised self-care advice and programmes.

Global Investment Bank and Capital Trust CEO, Roger Corman, said, “We are incredibly proud to announce this investment into PsychAsia. Our investment is testimony to the confidence in the start-up’s performance so far and into the future. We are ready to offer support in any way we can to make this partnership a success.”

PsychAsia founder and CEO Eunice Kwong, said of the investment round, “We are excited that a leading financial institution such as Global Investment Bank and Capital Trust has chosen us to invest in. We take this as an affirmation of our business model and growth potential in this sector.”

The investment was undertaken by Global Investment Bank and Capital Trust’s venture capital fund, KHL Ventures, which is co-managed by Global Capital Group (GCG) Asia division.

“We are thrilled to provide capital support to a sector that is responding to a great need in the region, especially during post-pandemic times,” said Global Investment Bank and Capital Trust’s Corman.

Global Investment Bank and Capital Trust’s venture capital fund invests primarily in healthcare, health tech and edutech companies in the Asian region. “In total, the Asia Pacific region is lagging behind North America in terms of funding support for healthcare startups, although there has been an increase in 2020. We see ourselves as playing a vital role to provide a much needed capital boost to this sector,” said Global Investment Bank and Capital Trust’s Corman.

Across the Asia Pacific region, countries have ramped up investments in the digitization of healthcare industries and services. Healthcare industries can stand to benefit from clear government policies that encourage a ramp up in investments through private-public partnerships, explained Global Investment Bank and Capital Trust’s Corman.

“While markets like Singapore are developed, others like China, Thailand, Malaysia, Indonesia and the Philippines are where we see a huge potential to make an impact due to growing healthcare spending per capita and healthcare infrastructure expansion,” added Global Investment Bank and Capital Trust’s Corman.

PsyhAsia’s application has main functions that offer coaching for people with mental health conditions like anxiety and depression. It also offers digital content to foster greater understanding of mental health and structured programmes to combat stress and anxiety. “We have established trust with our user base based on reviews and the active logins. Global Investment Bank and Capital Trust’s investment will be used to scale our platform and invest in our AI-augmented digital health coaching and help develop our proprietary app-based tools further,” said CEO Eunice Kwong.

PsyhAsia also plans to build up its data science capabilities to enhance its natural language processing for use in depression detection, digital exchange connectivity and patient monitoring. Clinical research is also currently underway in North America.

Noting that mental health is now at the forefront of public awareness, Global Investment Bank and Capital Trust’s Corman said, “We are encouraged to see an uptick in interest in capital investments in healthcare technology companies. This is the right time for companies to take active steps to tackle physical and mental health holistically. We are delighted to see a three-fold increase in PsyhAsia’s corporate user base.”

“Apps like PsyhAsia can help improve stress management and day-to-day emotional guidance to people across the region who are suffering from the burdens of daily living under pandemic conditions. I myself use the app and have found it immensely useful for mindfulness practice,” added Global Investment Bank and Capital Trust’s Corman.

About The Company

Global Investment Bank is a leading financial services and investment institution based in Hong Kong.

#GlobalInvestmentBank

Atradius survey: 60% of all B2B invoices in the UAE are late in payment

Over half of businesses also report an increase in administrative costs associated with management of accounts receivable, mainly on assessing and monitoring customer credit risk.

 

HONG KONG SAR – Media OutReach – 16 June 2021 – According to the results of the latest “Payment Practices Barometer” survey conducted in Asia by Atradius, 60% of the B2B invoices on credit in the United Arab Emirates (UAE) were not settled on time, which is significantly higher than the 50% average for Asia as a whole. On average, it took businesses 40 days to collect payment from overdue invoices. More importantly, 8% of the B2B invoices in the UAE were write-offs, up considerably from 1% in last year’s survey results.

Over half (52%) of businesses also reported an increase in administrative costs associated with the management of accounts receivable, mostly spent on maintaining a credit department dedicated to assessing and monitoring customer credit risk.

The survey also revealed that the value of sales through open credit in the UAE dropped year-on-year, from 64% to 50%, which may reflect a contraction in sales amid the pandemic. However, more businesses polled in the UAE (37%) than in other markets across Asia (26%) increased the frequency of using open credit. Encouraging repeat business and winning new customers are the two most common reasons for the use of open credit, highlighting the pivotal role that this practice plays in enabling trade.

Looking ahead, compared with Asia (37%) overall, far more businesses polled in the UAE (53%) believe that their Days Sales Outstanding (DSO), the average number of days to collect payment for credit sales, will deteriorate over the coming months.

Respondents indicated that the greatest challenges to business profitability in 2021 will be maintaining adequate cash flow (29%), followed by falling demand for products and services (20%) and the containment of costs (16%). Despite these concerns, half of businesses surveyed in the UAE are optimistic about an improvement in their business performance over the next 12 months. Twice as many respondents in the UAE (32%) as in Asia (15%) believe this anticipated improvement will be mainly due to increased exports, which may reflect the UAE being one of the world’s most dynamic markets in export trade.

“The optimism among surveyed UAE businesses on their performance may reflect future opportunities in the UAE’s credit sale market, as the economy is supported by one of the world’s highest COVID-19 vaccination rates as of late May. However, expectations of a rapid rebound may be fragile amid valid concerns about challenges to business profitability. Under these circumstances, businesses in the UAE should assess how to strengthen their credit management processes to be more comprehensive and efficient. In particular, businesses should frequently adjust payment terms to reflect varying credit risk profiles and ensure effective invoice collection,” said Schuyler D’Souza, Managing Director Middle East at Atradius.

Atradius conducted the survey in the second quarter of 2021, collecting responses from 1,200 businesses across Asian markets including the UAE, China, Hong Kong, Indonesia, Singapore and Taiwan.

Download the full report here: https://atradius.com.hk/en/publications/payment-practices-barometer-uae-2021-dso-upward-trend-worries-businesses.html

About Atradius

Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries. The credit insurance, bond and collection products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at www.atradius.com.hk

Connect with Atradius on Social Media

Twitter

https://twitter.com/atradius

LinkedIn

https://linkedin.com/company/atradiusasia

YouTube

https://www.youtube.com/user/atradiusgroup

#Atradius

Tradewind Finance Provides Export Factoring Facility for Laser Equipment Company in Guangdong

HONG KONG SAR – Media OutReach – 16 June 2021 – Tradewind Finance has reached an agreement with a laser equipment company in Guangdong that sells to Germany, Britain, Italy, and Poland, among other countries. The export factoring arrangement will support open account terms of up to 120 days with the company’s customers.

As a traditional trader, the company offers various brands of laser cutting machines. In addition, the company builds its own line of 3D printers. Its products are favored by overseas customers, with annual sales reaching RMB 10 million.

Although the company has strong profitability, R&D and other investment costs consume much of the company’s cash flow, which keeps it from undertaking credit orders and hence restricted its growth plans. To meet its capital demands, the company turned to Tradewind Finance for financial support.

Tradewind Finance designed a customized export factoring package for the company, providing a revolving quota of 350,000 euros for its 120-day open account orders shipped to Europe. The arrangement ensures that its buyers could enjoy longer payment terms without hurting the company’s cash flow.

With the financing from Tradewind, the company can take on more high-quality orders, pursue sales growth, and ease financial pressure.

“Tradewind’s international capabilities, combined with our on-the-ground support from our China office, enabled us to respond quickly to our client’s needs. Our financing not only accommodates 120-day open account terms, but funding can also grow as orders increase,” said Andy Zeng, Vice President of Sales for Tradewind China.

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, mainland China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.

#TradewindFinance

Laos Confirms Eight New Cases of Covid-19

Covid-19 Update

Laos has recorded eight new cases of Covid-19 today, bringing the total number of cases in the country to 2,033.