Cyber incidents may have slipped to #3 globally, in Asia Pacific it ranks #1 for the second consecutive year. Elsewhere in the world, it still ranks as a top three risk in many countries, including Brazil, France, Germany, India, Italy, Japan, South Africa, Spain, UK and the US. The acceleration towards greater digitalization and remote working driven by the pandemic is also further intensifying IT vulnerabilities. At the peak of the first wave of lockdowns in April 2020, the FBI reported a 300% increase in incidents alone, while cyber crime is now estimated to cost the global economy over $1trn, up 50% from two years ago. Already high in frequency, ransomware incidents are becoming more damaging, increasingly targeting large companies with sophisticated attacks and hefty extortion demands, as highlighted in the recent AGCS cyber risk trends report. … [Read more...] about Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks
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Foxconn unit receives business license for $270 mln Vietnam plant
The Taiwanese electronics contract manufacturer has so far invested $1.5 billion in Vietnam and created jobs for more than 35,000 workers and the company, formally known as the Hon Hai Precision Industry Co., plans to raise its investment by $700 million and recruit 10,000 more local workers this year, the government said. … [Read more...] about Foxconn unit receives business license for $270 mln Vietnam plant
More business leaders embrace digital technologies
The report analysed current sentiments among industry experts and over 250 business decision makers in the fast-moving consumer goods, logistics, ecommerce, retail, and manufacturing sectors in Singapore, Việt Nam, Indonesia, Malaysia, and Thailand. — VNS … [Read more...] about More business leaders embrace digital technologies
Environment minister talks about achievements, plans for coming years
The natural resources and environment sector has faced very difficult and turbulent times over the past five years. The fields the sector managed faced unexpected things, especially the field of environment. Environmental incidents occurred in different areas and different projects. The most serious incident is believed to be the marine environmental pollution in four central provinces caused by Formosa. … [Read more...] about Environment minister talks about achievements, plans for coming years
Privatisation plan missed, pressure to improve SOEs efficiency
This means that 91 SOEs failed to complete the privatisation plan. Among them, 13 were under the management of Hà Nội People’s Committee, 38 under HCM City, six under the Committee for Management of State Capital at Enterprises and four under the Ministry of Industry and Trade. … [Read more...] about Privatisation plan missed, pressure to improve SOEs efficiency