Monthly Archives: November 2021

Android, First Look, Hands On, Mobile, Video

OPPO A95 First Look & Hands-On

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The is set to take center stage with its true midrange flagship the #OPPOA95. We’re taking a first look at the #Snapdragon662 touting smartphone! It comes with 8GB of RAM and 128GB of internal storage. It’s got a formidable AMOLED display with an FHD+ resolution. The smartphone also comes equipped with a triple camera array with a 64-megapixel main sensor.

It will be available for pre-order really soon and you’ll be entitled to a whole bunch of freebies and even get an Enco Buds for MYR1! More details coming with the release of the smartphone!

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PR Newswire

Crypto ELONGATE Officially Reveals Its Tech Roadmap, Wins Award For Best Social Impact Project 2021

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ZUG, Switzerland, Nov. 13, 2021 — Social impact frontrunner in the blockchain space Elongate recently participated in the 2021 Crypto Expo Dubai held this October 14-15 at the Festival Arena, Dubai Festival City. During the conference, Elongate – led by its Chief Operations Officer Hasan Aziz and Chief Brand Officer Alexander Gambon – revealed its blockchain tech roadmap and ecosystem for the first time.

The ELONGATE Earn+Give Ecosystem.
The ELONGATE Earn+Give Ecosystem.

In their keynote speech titled The Future of Philanthropy, Hasan and Alex revealed Elongate’s tech roadmap that is composed of innovative solutions that make up Elongate’s Earn+Give Ecosystem. The speech signaled the upcoming launch of 5 interrelated tech products centered around the Elongate token – the Crypto Lightning Exchange, Elongate Spark, Elongate Stretch, Social Impact Management Platform, and Elongate Games and Collectibles. Various pieces of information about Elongate’s tech plans were spread across social media leading to the conference, and a preview of their conference talk can be found in Elongate’s official YouTube channel.

According to new details on the elongate.cc hub, the Crypto Lightning Exchange is an enterprise wallet management system directly integrated with Salesforce that allows its native clients to leverage cryptocurrency transfers in their current sales processes. Elongate Stretch is a streaming service with compelling on-demand original series, podcasts, and documentaries. Content creators large and small will collaborate in this platform to create viral media that makes the world a better place. The Social Impact Management Platform is a radically transparent platform that is open to all charities around the world for showcasing and documenting social impact. Charities and NGOs that receive donations will provide direct updates, funds tracking, and create new opportunities for fundraising directly with their patrons.

The Elongate Spark is a social media platform where users can like and share social impact causes, accelerate fundraising campaigns, and communicate with passionate supporters around the world. Finally, Elongate Global is also in the works of developing mobile games integrated with its Elongate token and gamification mechanics that bridge its mission of earning and giving. Exclusive collectible NFTs are also in development that integrate with the gaming products and provide various exclusive access points.

Elongate’s CTO, Hasan Aziz, said: "We are extremely proud to finally announce the Elongate ecosystem. This is the start of a new chapter where we bring social impact to the next level." "In just 6 months, we have been able to disrupt and redefine what it means to bring social impact on the blockchain. The launch of the Elongate ecosystem shall further our initiatives to make a difference in the world, with financial incentives for the investor" Elongate CBO, Alexander Gambon, added.

During the expo’s awarding ceremonies, Elongate was awarded Best Social Impact Project on the Blockchain, a culmination of Elongate’s socially impactful initiatives. The conference was attended by various tech and blockchain luminaries and leaders of other token projects.

Media Contact:
Gene Rhode
Head of Public Relations

Related Links :

https://www.elongate.cc/

PR Newswire

LeanIX Positioned in the Leaders Quadrant of the 2021 Gartner(R) Magic Quadrant(TM) for Enterprise Architecture Tools

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Evaluation based on completeness of vision and ability to execute 

BONN, Germany and BOSTON, Nov. 13, 2021 — LeanIX (https://www.leanix.net/), the platform to plan and manage continuous transformation across the enterprise, today announced that Gartner has positioned the company in the Leaders quadrant of the 2021 Gartner Magic Quadrant for Enterprise Architecture Tools.*

"As we work to continuously optimize the IT landscape at Bosch, LeanIX plays a key role," said Markus Haeberle, Head of Enterprise Architecture Management at Bosch. "LeanIX not only serves to strengthen collaboration between our business units and accelerate efficient reuse of IT resources, but their solutions also help us plan and prepare for the future."

LeanIX Enterprise Architecture Management (EAM) enables companies across the world to plan, manage and transform their IT landscapes. By addressing a range of critical use cases – Business Capability Planning, Application Portfolio Management, Technology Risk Management, Application Modernization, Cloud Migration, and Post-Merger IT Integration – LeanIX makes it possible for leading organizations to design, build and maintain an enterprise architecture that is aligned with strategic business priorities and capable of adapting to emerging market demands.

"We believe being positioned in the Leaders quadrant by Gartner is a milestone that confirms our core vision and strategy: To help our customers continuously transform their business by turning data-driven IT decision-making and insights into a competitive advantage," said LeanIX CEO and co-founder, André Christ. "We will continue to build on what we have achieved so far, bringing together Enterprise Architecture Management, SaaS Management and Value Stream Management to create a platform that empowers businesses, allowing them to achieve success today while driving innovation for the future."

A complimentary copy of the 2021 Gartner Magic Quadrant for Enterprise Architecture Tools report is available to access from LeanIX at https://www.leanix.net/en/download/gartner-magic-quadrant-2021 

*Gartner, "2021 Magic Quadrant for Enterprise Architecture Tools," by Gilbert van der Heiden, Akshay Jhawar and Nolan Hart, 9 November 2021.

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and MAGIC QUADRANT are registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About LeanIX
LeanIX’s Continuous Transformation Platform® is trusted by Corporate IT and Product IT to achieve comprehensive visibility and superior governance. Global customers organize, plan and manage IT landscapes with LeanIX’s automated and data-driven approach. Offering Enterprise Architecture Management, SaaS Management, and Value Stream Management, LeanIX helps organizations make sound decisions and accelerate transformation journeys. LeanIX has hundreds of customers globally, including Adidas, Atlassian, Bosch, Dropbox, Santander and Workday. The company is headquartered in Bonn, Germany, with offices in Boston, San Francisco and around the world.

Contact:
Jeremy Douglas
Catapult PR-IR
303-589-1941
jdouglas@catapultpr-ir.com

Related Links :

https://www.leanix.net

PR Newswire

GOOVIS Defines All-New Market Segment for Experiencing Multimedia

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The brand of optical experts offers a new option for glasses wearers who want to enjoy immersive, glasses-free and cinema-like experience at home

HONG KONG, Nov. 12, 2021 — GOOVIS, the product brand of NED Optics, a technical leading company in the XR Head-Mounted Display (HMD) field, has created a new segment of visual devices. Different from many AR/VR HMDs on the market, GOOVIS HMDs are a series of portable personal cinema products that allow users to watch and enjoy videos without damaging their eyes or experiencing any dizziness. Supported by its patented optical technologies, GOOVIS HMDs not only provide an immersive, glasses-free and cinema-like experience for movie viewers and game players, but are also applicable for different industrial settings that require simulated training or remote control.

(Visit http://www.goovislife.com/ to explore more.) 


Experts in near-eye displays, the team behind GOOVIS is committed to producing premium quality products. This commitment extends to GOOVIS HMDs. Preventing short-sightedness, dizziness, or eye damage, the HMD features an ultra-high-definition screen – 2 x 0.71" Sony AMOLED micro-display, with only 1.5% distortion, 1920×1080 x2 resolution, and PPI 3147. The device ensures the highest clarity with a 42 PPD (pixel per degree), which is 100% higher than many other VR devices on the market.

 

Equipped with the company’s optical technology that supports 300 degrees for hyperopia and 800 degrees for myopia, the HMD allows users to easily adjust the device for enjoying a clear and 3D stereoscopic viewing experience without glasses and with less strain on the eyes. The diopter adjustment range could be adjusted individually for the left or right eye with independent controls. In addition, the device itself is lightweight (only 200g), portable, and comfortable to wear, marking it a better choice for clear and high-quality XR multimedia experiences at home or on the go.


 


(For more details or to order, please visit GOOVIS Amazon store at: https://amzn.to/3AIOmPi) 

The GOOVIS HMD is an XR headset that supports the other technologies of VR, AR, and MR. Its in-built Android system is able to connect to traditional entertainment modules such as TVs, computers, game consoles, tablets, and drones through cable and Bluetooth. The device can also connect to Wi-Fi and features a remote control that provides a 2D or 3D cinema viewing experience anytime, anywhere.


Dr. Huajun Peng, Founder and CEO of NED Optics said, "People always pursue a better experience of viewing; this is a major trend. Thanks to their properties and features, ultra-high-definition head-mounted display devices like GOOVIS HMD, will eventually make their way into millions of homes, similar to computers, TV, and mobile phones. This is also our goal." 

About GOOVIS
GOOVIS, which means Good Vision, is a brand of NED Optics, a technical leading company in the XR Head-Mounted Displays (HMD) field. GOOVIS products can be used to view films and videos, play games, and can also be applied in industrial fields, such as simulated military training, remote control of autonomous vehicles, surgical training systems, myopia prevention and control, Unmanned Aerial Vehicle (UAV) with First Person View (FPV), live broadcast over 5G network, and other professional fields.

GOOVIS has found its way to satisfy customers in 60 countries and regions, including throughout Europe, America, Japan and Australia. GOOVIS scooped the German iF Design Award in 2018, the Good Design Award in Japan in 2018, and the Chinese Red Star Award in 2020.

To keep up with the latest developments of GOOVIS, connect us on Facebook:
https://www.facebook.com/GoovisEN
https://www.facebook.com/goovis.goovis.1

PR Newswire

Meten Holding Group Ltd. Closes $20 Million Registered Direct Offering of Ordinary Shares Priced At-the-Market Under Nasdaq Rules

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SHENZHEN, China, Nov. 12, 2021 — Meten Holding Group Ltd. ("Meten Holding" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced it closed its previously announced registered direct offering. The purchase price of the ordinary shares was $0.60 per ordinary share. The gross proceeds of the offering will be approximately $20 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds from this Offering for capital expenditures and general corporate and working capital needs.

Aegis Capital Corp. acted as the exclusive placement agent for the Offering.

The Offering was made pursuant to an effective shelf registration statement on Form F-3 (No. 333-256087) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective by the SEC on May 21, 2021. A final prospectus supplement and accompanying prospectus describing the terms of the Offering have been filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Meten Holding Group Ltd.

Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is an English Language Training (ELT) service provider in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services) and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time. The Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offerings to a growing number of students across China.

For more information, please visit: https://investor.metenedu-edtechx.com.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. 

For more information, please contact Investor Relations:

Ascent Investor Relations LLC
Tina Xiao
+1 917-609-0333
tina.xiao@ascent-ir.com

PR Newswire

StradVision Showcasing Latest Technology for Autonomous Vehicles at Automotive Tech Week 2021

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Vision processing pioneer will be demonstrating newest software for ADAS systems and AVs on-site at Novi event, Nov. 16-17

NOVI, Mich., Nov. 12, 2021 — StradVision, a leader in computer vision technology for Autonomous Vehicles and ADAS systems, is demonstrating its latest technologies on-site Nov. 16-17 at Automotive Tech Week 2021, which will be held at the Suburban Collection Showplace, 46100 Grand River Avenue in Novi.

The weeklong Automotive Tech Week 2021 explores the latest technology trends being embraced by leading players in the automotive world – including electrification and autonomy. New technologies for ADAS systems that StradVision will unveil and demonstrate at the event are:

 

  • Depth-map Solution: The latest feature implementing innovative Pseudo LiDAR technology, which replaces high-cost and high-performance LiDAR equipment. Offering the high precision of distance measurement to an object with only a mono-channel camera
  • Semantic Segmentation: A technology that classifies objects by analyzing the images acquired through the vehicle’s camera on a pixel-by-pixel basis through deep learning technology
  • Multi-camera 360-degree perception:  This technology uses up to 9 cameras, which is critical to implement autonomous driving features of L3 or above, such as Automated Valet Parking (AVP), and Enhanced Autopilot

"I look forward to our time at Automotive Tech Week 2021, and showcasing the innovative technologies StradVision is unveiling at the event," Sunny Lee, StradVision’s Chief Operating Officer who is leading StradVision’s team at the event said. "As we continue to ramp up our presence in Michigan, the heart of U.S. auto industry, events like this let us get our product in front of key industry leaders who are on board with our mission of using technology to achieve the safest possible experiences with ADAS systems and autonomous driving."

StradVision’s SVNet is a lightweight software that allows vehicles to detect and identify objects accurately, such as other vehicles, lanes, pedestrians, animals, free space, traffic signs, and lights, even in harsh weather conditions or poor lighting. 

SVNet’s software relies on deep learning-based perception algorithms, which compared with its competitors is more compact and requires dramatically less memory and electricity to run. SVNet supports more than 14 hardware platforms and can also be customized and optimized for any other hardware system thanks to StradVision’s patented and cutting-edge Deep Neural Network-enabled technology. 

SVNet is currently used in mass production models of ADAS and autonomous driving vehicles that support driving automation levels 2 to 4 and is being deployed in over 50 vehicle models from 13 OEMs worldwide. 

The full Automotive Tech Week 2021 event runs online from Nov. 15-19, and in-person hours will be on-site in Novi from 8 a.m. to 4 p.m. on Nov. 16 and Nov. 17. StradVision will be located at Booth #743 at the event both days.

About StradVision Inc.
Founded in 2014, StradVision is an automotive industry pioneer in AI-based vision processing technology for Advanced Driver Assistance Systems (ADAS). The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. StradVision’s SVNet is being deployed on 50+ vehicle models in partnership with 13 OEMs and powers ADAS & Autonomous Vehicles worldwide and is serviced by over 200 employees in Seoul, Detroit, San Jose, Tokyo, Shanghai, and Munich. The company received the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (Software Category). In addition, StradVision’s software is certified to the ISO 9001:2015 international standard.

PR Newswire

Tuniu to Report Third Quarter 2021 Financial Results on November 19, 2021

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NANJING, China, Nov. 12, 2021 — Tuniu Corporation (NASDAQ:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2021, before the market opens on November 19, 2021.

Tuniu’s management will hold an earnings conference call at 8:00 am U.S. Eastern Time on November 19, 2021 (9:00 pm Beijing/Hong Kong Time on November 19, 2021).

Listeners may access the call by dialing the following numbers:

US

800-263-0877

Hong Kong

800-961-105 / +852-3008-1527

Mainland China

4001-209101

International

+1-646-828-8143

Conference ID:

Tuniu 3Q 2021 Earnings Call        

A telephone replay will be available from 11:00 am on November 19, 2021 through 11:00 am on November 26, 2021, U.S. Eastern Time. The dial-in details are as follows:

US

1-888-203-1112

Hong Kong

+852-5808-3200

Mainland China

4001-201651

International

+1-719-457-0820

Replay Access Code:

4308160

Additionally, a live and archived webcast of this conference call will be available at http://ir.tuniu.com/.

About Tuniu Corporation

Tuniu (Nasdaq:TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

PR Newswire

Arabesque Asset Management Singapore Pte. Ltd. to establish an engineering and research unit to embark on AI project

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– Commencing in January 2022, Arabesque Asset Management Singapore Pte. Ltd. (Arabesque) will be embarking on an AI project that focuses on financial knowledge graphs, understanding data bias with application to transfer learning, and general machine learning approaches for financial analysis and modelling.

– The project will be used to enhance Arabesque’s existing AI business activities such as identifying alpha opportunities.

– An engineering and research unit dedicated to the advancement of AI and automation in asset management will be established as part of the project.

– Arabesque is hiring AI engineers and researchers in Singapore that will help establish Singapore as a leading centre for AI in finance.

SINGAPORE, Nov. 12, 2021 — Arabesque today announced that it will embark on an AI project which focuses on financial knowledge graphs, understanding data bias with application to transfer learning, and general machine learning approaches for financial analysis and modelling. This will enhance Arabesque’s existing AI business activities such as identifying alpha opportunities.

View of downtown district and Marina bay skyline with purple sunrise in Singapore
View of downtown district and Marina bay skyline with purple sunrise in Singapore

Commencing in January 2022, the project will run for two years and support Arabesque in developing capabilities in cutting-edge areas of AI. The work undertaken by the AI research unit is expected to enhance Arabesque’s existing business activities such as developing data engineering capabilities, improving the accuracy at which alpha opportunities are identified for its investment strategies, and utilising new unstructured sources of data as inputs into its financial models.

The project is supported under the Financial Sector Technology & Innovation – Artificial Intelligence & Data Analytics (FSTI – AIDA) scheme, which aims to strengthen the AIDA ecosystem in the Singapore financial sector. The FSTI – AIDA scheme is funded by the Financial Sector Development Fund, administered by the Monetary Authority of Singapore.

The project will involve the establishment of an AI engineering and research unit based in Singapore, which will be dedicated to the advancement of AI and automation in asset management. Arabesque will be hiring a team of AI engineers and researchers in Singapore as part of the new unit.

The team will be led by Arabesque’s Dr Qasim Nasar-Ullah, a co-founder of Arabesque’s AI business, who will take on a new role at the firm’s Singapore office. All work undertaken by the AI unit will be used to enhance Arabesque’s existing AI capabilities, and will be utilised to help establish Singapore as a world-leading centre for AI in asset management. 

Dr Yasin Rosowsky, CEO of Arabesque AI, said:

"Artificial intelligence will play a vital role in financial services over the next decade and will help accelerate the shift towards more sustainable capital markets. We are honoured to have been awarded the FSTI – AIDA grant and look forward to working on developments that will advance the innovative application of AI in asset management.

We are excited at the prospect of building an AI engineering and research team in Singapore to deliver cutting-edge AI solutions for the fintech ecosystem of Singapore and beyond."

Headquartered in London, Arabesque Asset Management is part of the Arabesque Group, which aims to advance sustainable finance through investment solutions, market-leading data assets, AI, and financial technology expertise.

About the Arabesque Group

The Arabesque Group is comprised of three businesses, Arabesque Asset Management, Arabesque S-Ray, and Arabesque AI, that work together to advance sustainable finance through investment solutions, AI and financial technology expertise. Established independently in 2013, Arabesque’s mission is to enable clients and other stakeholders to implement sustainability in their investments and financial decision-making. Arabesque counts many of the world’s leading banks, asset managers, asset owners and custodians as clients. arabesque.com

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Lifestyle, Mobile, News

Now you can Easily Block Other People on Spotify

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Today’s generation is the most connected one so far. But it is a generation also where cutting off someone is as easy as a click of a button. There is something called ‘cancel culture’ in the world of social media today.

While there are plenty of reasons why you would want to cut a person off, for whatever reasons, on social media, wanting to block a person on streaming platform like Spotify is a little odd. There is a way to block certain artists from ever appearing on your Spotify home feed. That feature was introduced back in 2019. For whatever reason as well, users have been wanting to block other users instead on the platform.

To be fair, Spotify is more than just a music streaming app today. It is also a social platform where you can add friends, follow their playlists and even see what they are playing in real time. In a sense, if someone is in your friends list, their listening privacy is gone. You can ensure that your listening session does not appear on any of your friends feed by turning on ‘Private Session’, but that only lasts for a limited time before Spotify kicks you back into online mode to update your songs and your recommendations.

You now can decide to block other users from accessing your activities now though. It is as simple as clicking the person’s profile and tap the “Block User” option. Once you have done that, the person will not be able to see you appearing on their ‘friend’s activity’ list on the right side of the app anymore, at least on the desktop interface. That way, you also limit what you show the person you blocked.

While showing your Spotify activity may not seem all that harmful, it could lead to a bigger impact. Some might think that just showing the ‘Now Listening to’ information as an empty information your friends cannot use. For example, other users can use the activity information from Spotify to harass you on other platforms like Facebook or Instagram, for example. They could also use whatever information they can gather against you as well for that matter. Remember, information in the wrong hands can be dangerous.

The function should be available to users very soon, at least according to Spotify as per Engadget.

PR Newswire

Frost & Sullivan Asia-Pacific Survey Outlines Key IT and Security Trends Impacting Enterprises

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Study provides an assessment of the security considerations and key imperatives for Singapore organizations

SAN ANTONIO, Nov. 11, 2021 — In collaboration with the ISACA Singapore Chapter, Frost & Sullivan’s Security Practice has conducted an end-user survey, 2021 ISACA-Frost & Sullivan Survey: The Singapore Cybersecurity Landscape, with 78 ISACA thought leaders. The goal was to seek opinions on the technologies that will have a profound transformative impact on existing industry dynamics, value chains, and business models across multiple vertical markets in the next 2-3 years.

Frost & Sullivan Asia-Pacific Survey Outlines Key IT and Security Trends Impacting Enterprises
Frost & Sullivan Asia-Pacific Survey Outlines Key IT and Security Trends Impacting Enterprises

In addition to providing quantitative insight, the study provides a top-level assessment of three main cybersecurity threats in Singapore: ransomware, data exfiltration and vulnerability of unpatched systems.

For further information on this analysis, please visit: https://frost.ly/6os

"The ongoing COVID-19 pandemic has pushed enterprises globally to accelerate their security capabilities, sometimes leading to security gaps. The increasingly sophisticated threat landscape and a complex business environment are also driving businesses to explore solutions to help them strengthen their security posture for better cyber threat/risk," said Kenny Yeo, Associate Director, Head of Asia-Pacific Cybersecurity Practice at Frost & Sullivan. "However, utilizing these solutions in isolation will limit their effectiveness. As our organizations change, IT and risk teams also need to adapt and better manage the expanded threat surface by implementing a holistic cybersecurity approach for maximum benefits."

"In its third year running, the ISACA-Frost & Sullivan survey of thought leaders within the ISACA Singapore Chapter membership has provided situational awareness to aid organizations in building threat-informed defenses across people, processes and technology," said Steven Sim, President, ISACA Singapore Chapter. "The results are also reflective of the ISACA Global State of Cybersecurity 2021 results, albeit with Singapore-centric nuances. In a strong public-private partnership, keeping regular tabs on the ground’s pulse helps us guide organizations in developing more agile, risk-optimal security improvement programs and contributing to a collective ecosystem defense."

Key findings include:

  • Cloud adoption continues to accelerate in Singapore, with 63% of respondent organizations adopting cloud more during the pandemic.
  • Twenty-nine percent of enterprises saw a moderate to major increase in supply chain attacks during the pandemic.
  • Sixty-five percent of Singapore enterprises are still at risk, with only 35% of respondents indicating that they had no cybersecurity incidents during the year after regular forensics and assessments were conducted.
  • Top areas of concern in Singapore include data exfiltration (leak of personal data), ransomware attacks and vulnerability of unpatched systems.
  • Top cybersecurity challenges faced in Singapore include resourcing and skills, balancing regulatory requirements and customers’ needs, and lack of budget.
  • Senior management is more concerned with cyber risk issues as the general perception of cybersecurity has improved.

People, processes and technology all need to be addressed in today’s modern enterprise with the support of senior management. These include cybersecurity awareness programs, governance, risk and compliance tools, and cyber drills.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com 

http://www.frost.com

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