Corporate Services

Denmark’s Tryg Says Cyber Crime Insurance Will Boom

Denmark’s Tryg Says Cyber Crime Insurance Will Boom

Tryg, Denmark’s largest insurance company, recently made a prediction stating that the market of cyber insurance will experience rapid growth within the next five years. Tryg is expecting around 90% of its corporate customers to purchase said insurance in just a couple of years, prompted by the recent “Wannacry” attacks that affected hundreds of thousands of computers worldwide which left businesses compromised and incapacitated. Tryg chief executive Morten Hubbe said that it is fairly evident that businesses should insure against cybercrime. However, he revealed that there is a big risk that more of their customers will get hit more than […]

Equifax CEO Finally Steps Down

Equifax CEO Finally Steps Down

It was reported yesterday that Richard Smith, chief executive and chairman of Equifax, has resigned from his post at the credit rating agency. A statement from the company revealed that Smith is stepping down to retire after 10 years of service in Equifax. He is replaced by Paulino do Rego Barros, who held the position of Asia-Pacific president for the company.   The news comes 2 weeks after the agency revealed a hack earlier this year that affected 143 million people. Smith’s termination agreement stated the ex-executive will not have this year’s annual bonus. Smith received $1.45M in 2016 and […]

SDDC in the Philippines Driven by Changing Customer Needs

SDDC in the Philippines Driven by Changing Customer Needs

Last week, country manager of Data Centre Group, Lenovo Philippines and Indochina Abraham Lim said that his organization is moving to the next generation of infrastructure, the software-defined data centre, which gives them the agility to respond to the growing complexity of their customer’s needs. He added that as the IT requirements of businesses increase, the need to deploy a cloud-like infrastructure becomes more obvious. Han Chon, General Manager of Lenovo Asean also states that with SDDC, the dependency on hardware is eliminated, allowing organizations to scale in a linear manner, without the baggage that needs to be continuously fed […]

Ex-Googlers Use AI to Match Tech Employees to Employers More Effectively

Ex-Googlers Use AI to Match Tech Employees to Employers More Effectively

Two former Google engineers have announced that they were able to create a system that makes the hiring process in the tech industry more efficient. Around 18 months ago, Richard Liu and Yunkai Zhou founded Leap.ai, a company that seeks to give employees and employers their “dream” match. The two says that their system is able to map the candidate’s dream employer and ideal role more effectively using a range of data including employment history, qualifications, skills, personal interests, career motivation and more. The company says their system is able to address the inefficiency brought by the manual process of […]

Chinese Hackers Hides Backdoor in SoKor Enterprise Software

Chinese Hackers Hides Backdoor in SoKor Enterprise Software

Kaspersky Lab researchers have discovered that hackers, suspected to be from China, have managed to install a backdoor in NetSarang’s software packages. Evidence gathered suggest that the hackers may have either patched legitimate apps to add the backdoor trojan, or breached the South Korean software maker’s servers and tampered with the source code to generate apps that have the backdoor. The following NetSarang apps have been backdoored, according to Kaspersky’s findings: Xmanager Enterprise 5 Build 1232 Xmanager 5 Build 1045 Xshell 5 Build 1322 Xftp 5 Build 1218 Xlpd 5 Build 1220   NetSarang has since cleaned its servers and […]

Amazon Web Services Launches Security Service That Uses Machine Learning

Amazon Web Services Launches Security Service That Uses Machine Learning

Earlier this week, Amazon Web Services (AWS) launched a managed data security service called “Macie”. Amazon Macie uses machine learning to process sensitive data such as personally identifiable information and intellectual property. Since machine learning is the only way to secure rapidly increasing data across an enterprise, Macie should be able to provide a baseline that companies can configure settings from.      At present, Macie only supports S3, but more will be made available for other data stores in the following months. Autodesk, Netflix, and Edmunds are some of Macie’s first customers.   Source: ZDNet

FINTQ Becomes Largest Fintech Company in the PH with New Digital Partnerships

FINTQ Becomes Largest Fintech Company in the PH with New Digital Partnerships

Manila, Philippines — In a report last Saturday, Smart and PLDT’s financial technology (fintech) division called FINTQ has proclaimed many new digital collaborations with various organizations. It is considered the country’s biggest running fintech company today. According to PLDT, Smart chairman Manuel V. Pangilinan, innovating the way the financial industry works requires solid cooperation between traditional banks, fintechs, and major industry players. He is proud that FINTQ can pioneer this change, which is a big leap into the direction of true financial inclusion. FINTQ’s digital lending application is called Lendr, a breakthrough platform. To date, Lendr is used most widely […]

Call Center Investments Drop in Q1

An official from The Contact Center Association of the Philippines (CCAP) said that investments in the call center industry in the Philippines fell on the first quarter of 2017 as compared to the same period last year. Jojo Uligan, CCAP president indicated that the change of leadership and global changes in the digital world may have caused a shift in some industries, but is not directly responsible for the drop. He added that the Philippines is still the largest call center industry in the region, and is still growing and continuously hiring. CCAP is now closely working with the government […]

The DICT as Indirect Regulator

The DICT as Indirect Regulator

A Look into the Department’s Potential for Impact on Telecommunications, Government Procurement and Coordination Among Agencies On May 20, 2016, Republic Act No. 1084, otherwise known as the “Department of lnformation and Communications Technology Act of 2015”, was signed into law. The Act’s Implementing Rules and Regulations have since been released as of October 15, 2016. Composed of administrative agencies formerly under the Department of Transportation and Communications (DOTC) and the Department of Science and Technology (DOST), and which will remain autonomous, the DICT has several roles to play, among which are to ensure an increase in cyber security and monitor […]

Paperless Taxes: An Introduction to the eFPS

Paperless Taxes: An Introduction to the eFPS

The Electronic Filing and Payment System (eFPS) is “a system developed and maintained by the Bureau of Internal Revenue (BIR) for electronically filing tax returns, including attachments, if any, and paying taxes due thereon, specifically through the internet.”[1] With the eFPS, taxpayers can prepare a paperless tax return and can pay online through an internet-banking service via debit facility from their enrolled bank account.[2] Since eFPS is available online, taxpayers can file and pay for their taxes anytime and anywhere with an internet connection.[3] This system was first introduced by the BIR through Revenue Regulation (RR) 09-2001 issued on Aug. […]

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