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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More business leaders embrace digital technologies
“Supply chains in Southeast Asia are critical to the movement of goods globally and the industry landscape has undergone seismic shifts this year, mainly because of COVID-19. While e-commerce was already on the rise pre-pandemic, changing consumer demands and trends, coupled with added pressures from health and safe distancing measures, have pushed supply chains to new limits. … [Read more...] about More business leaders embrace digital technologies
Environment minister talks about achievements, plans for coming years
Besides, we need stronger co-operation among ministries, sectors and localities as well as among countries in solving environmental problems. For example, in the water resources sector, more than 60 per cent of the water resources in rivers within the territory of Việt Nam originate from other countries. Therefore, the management of water resources, especially for the Mekong River, needs the co-ordination of countries in the basin. For plastic waste pollution problem, this is also a global problem, it is necessary to have a global institution. … [Read more...] about Environment minister talks about achievements, plans for coming years
Foxconn unit receives business license for $270 mln Vietnam plant
Foxconn, a major assembler of Apple products, including the iPhone, and the world's largest contract manufacturer, came to Vietnam in 2007, and has been operating mainly in the northern provinces of Bac Ninh, Bac Giang and Vinh Phuc, making computers and other electronic products and car parts. … [Read more...] about Foxconn unit receives business license for $270 mln Vietnam plant
Businesses join efforts in assisting people affected by pandemic, natural disasters
HCM City (VNA) – Up to 4,200 workers affected by COVID-19 will receive support from a programme jointly launched by the Vietnam General Confederation of Labour, Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) and local authorities. With total funding of more than 4.2 billion VND (181,300 USD), the programme will come to 28 cities and provinces nationwide from now to the Tet (Lunar New Year) festival, the corporation said on January 18. Earlier, under the programme, 1 billion VND was presented to central localities hit by floods and storms. Bennett Neo, Sabeco General Director, said the programme aims to help workers overcome difficulties and enjoy a happy Tet festival with their families. Meanwhile, VinaCapital Foundation has recently announced the second phase of a campaign to help Nam Tra My district in the central province of Quang Nam deal with consequences of natural disasters. More than 4.8 billion VND has been mobilised for the campaign, launched in October … [Read more...] about Businesses join efforts in assisting people affected by pandemic, natural disasters