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PR Newswire

Infinix Teams Up with UNESCO and Google to Inspire Today’s Youth with AI and Robotics Education through the Largest CogLabs Workshop Ever

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NAIROBI, Kenya, Aug. 3, 2024 /PRNewswire/ — Infinix, a trendy tech brand crafted for young consumers, conducted the largest CogLabs workshop to date with more than 200 students at the University of Nairobi. Themed “Get in Now”, Infinix partnered with UNESCO and Google to inspire today’s youth with AI and robotics education through the CogLabs initiative. This project aims to equip the next generation of thinkers and makers in Africa with accessible, hands-on experiences in robotics, machine learning, and AI education.

The people in the picture from left to right are: Joan Nadal, Master Trainer of UNESCO at STEM Education; Michael Zeng, Brand Manager of Infinix Kenya; Amber Zhao, Infinix's Product Manager of AI; John Kimani, Head of Developer Relations, Sub-Saharan Africa, Google; and two representatives of the University of Nairobi.
The people in the picture from left to right are: Joan Nadal, Master Trainer of UNESCO at STEM Education; Michael Zeng, Brand Manager of Infinix Kenya; Amber Zhao, Infinix’s Product Manager of AI; John Kimani, Head of Developer Relations, Sub-Saharan Africa, Google; and two representatives of the University of Nairobi.

“It is a true honor for Infinix to collaborate with UNESCO and Google in globally promoting the CogLabs project,” said Michael Zeng, Brand Manager of Infinix Kenya. “This project is designed to build capacity in crucial domains such as robotics, machine learning, and AI, with a focus on education equality, to transform knowledge into resilient ownership and foster sustainable development.”

CogLabs Project Makes AI and Robotic Education Easy

The CogLabs project is an innovative educational initiative that aims to make AI and robotics accessible and engaging for today’s youth. Through a step-by-step process, participants can design and build their own robots using 3D printed parts and a second-hand phone, train the robots to recognize images, sounds, and poses, and program them to respond and perform simple tasks. CogLabs emphasizes sustainable design and provides code files, FAQs, and support to guide users.

CogLabs Workshop
CogLabs Workshop

“The CogLabs project is a shining example of how we can inspire and empower the next generation to embrace the transformative power of AI and robotics. By partnering with innovative companies like Infinix and Google, we are providing young learners with the tools and resources to design, build, and program their own robotic creations. This hands-on approach not only sparks their curiosity, but also equips them with the practical skills needed to thrive in the digital age,” said Joan Nadal, Master Trainer of UNESCO at STEM Education.

Celebrate the Largest CogLabs Workshop Yet and the Preview of the New CogLabs Mobile App

The CogLabs workshop, held at the prestigious University of Nairobi, was a resounding success, drawing the attention of esteemed guests and showcasing the institution’s commitment to fostering technological advancements. This landmark event, the largest CogLabs workshop to date, witnessed the active participation of over 200 eager students, who were empowered to acquire new skills, put their knowledge into practice, and create impactful solutions for the future.

During the workshop, students engaged in captivating hands-on activities, such as building their own robots by assembling 3D parts and repurposing used Infinix smartphones. This innovative approach breathed new life into the devices, enabling the students to train the robots to recognize surrounding objects, such as arrows, and respond accordingly by moving left, right, or forward. Through this process, the participants gained valuable insights into the realms of coding, machine learning, and AI recognition processes.

“We are thrilled to preview the mobile application of the CogLabs initiative,” shared John Kimani, Head of Developer Relations, Sub-Saharan Africa, Google. “Google’s emphasis on promoting digital literacy and making learning accessible to all aligns perfectly with the CogLabs mission. This mobile application will empower everyone to explore the world of machine learning and programming, without the need for a laptop, ensuring equal opportunities for all to create their own robotic wonders, wherever they may be.”

Infinix Get In Now: Inspiring Africa’s Youth with AI Education

The CogLabs project stands as a testament to Infinix’s unwavering commitment to empowering today’s youth with cutting-edge technology and smart devices. Recognizing Africa as the region where the brand originated in 2013, Infinix has strategically focused on promoting this groundbreaking initiative across the continent.

Through in-depth market research and collaborations with leading industry suppliers and research institutions, Infinix has meticulously optimized its products to address the specific demands and needs of local users in Africa. This attention to detail and understanding of the African landscape sets the stage for the transformative impact of the CogLabs project.

Infinix has made significant advancements in AI education and adoption in Africa. In 2020, the company released voice interaction technology supporting Hausa, and now provides support for major African languages. To further expand its language capabilities, Infinix has established specialized R&D centers focused on minor and regional languages across seven African countries, employing over 120 linguists. As Amber Zhao, Infinix’s Product Manager of AI, stated, “These centers are dedicated to developing localized AI language models that truly understand and serve the diverse linguistic needs of users across the continent.”

Starting from Kenya, Infinix plans to organize a series of CogLabs workshops across various African countries, providing primary, secondary, and tertiary students with opportunities to engage in hands-on learning experiences. These workshops will seamlessly integrate 3D printing, robot making, and basic programming knowledge, empowering the youth to explore the realms of advanced technologies.

“We firmly believe that every young mind possesses unlimited potential, and we believe that advanced technologies, such as AI, will open the doors to a brighter future for all,” added Michael Zeng, underscoring Infinix’s unwavering commitment to the project.

As the event theme boldly proclaims, “Get in Now: Inspiring Today’s Youth with AI Education”, the CogLabs initiative aspires to ignite the creativity, imagination, and problem-solving abilities of young people across Africa. Infinix has also pledged to continuously support the development of the CogLabs mobile application and provide Infinix smartphones for student experiences in each workshop, ensuring a seamless and accessible learning journey.

Robots
Robots

For more information about Infinix and its innovative products and initiatives, visit www.infinixmobility.com.

About Infinix

Infinix Mobility is a rapidly emerging technology brand that designs, manufactures and markets an expanding portfolio of smart devices worldwide under the Infinix brand, which was founded in 2013. Targeting today’s youth with first in class technology, Infinix creates trendy, powerful and attainably priced smart devices that bring the latest technology on the market to users around the world at a time when they need it at a price that they want it. For more information, please visit: http://www.infinixmobility.com/

About UNESCO

With 194 Member States, the United Nations Educational, Scientific and Cultural Organization contributes to peace and security by leading multilateral cooperation on education, science, culture, communication and information. Headquartered in Paris, UNESCO has offices in 54 countries and employs over 2300 people. UNESCO oversees more than 2000 World Heritage sites, Biosphere Reserves and Global Geoparks; networks of Creative, Learning, Inclusive and Sustainable Cities; and over 13 000 associated schools, university chairs, training and research institutions. Its Director-General is Audrey Azoulay.

“Since wars begin in the minds of men, it is in the minds of men that the defenses of peace must be constructed” – UNESCO Constitution, 1945.

More information: www.unesco.org

About Google

Google’s mission is to organize the world’s information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.

PR Newswire

Michael Leditzky promoted to Co-Geschäftsführer of SolidCAM GmbH

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SCHRAMBERG, Germany, Aug. 3, 2024 /PRNewswire/ — SolidCAM GmbH Geschäftsführer, Dr. Emil Somekh, has decided to promote Michael Leditzky to the position of Co-Manager effective August 1, 2024, to join him in the top management of SolidCAM GmbH.

Michael Leditzky promoted to Co-Geschäftsführer of SolidCAM GmbH
Michael Leditzky promoted to Co-Geschäftsführer of SolidCAM GmbH

Prior to joining SolidCAM GmbH in 2011, Michael Leditzky gained 10 years of experience in the CNC industry and the implementation of CAM Systems. He started at SolidCAM as a post-processor developer, then headed the post-processor team and eventually moved into technical management. In parallel to his working in SolidCAM, Michael continued his education to become a master craftsman in metalworking and finished his studies in business economics.

Michael was promoted to SolidCAM GmbH COO in 2019. Working closely with SolidCAM GmbH sales & technical teams, he has played since a key role in making SolidCAM GmbH a market leader in DACH for integrated CAD/CAM systems.  

“Exceptional service and tailor-made solutions are essential in the CAM software industry. Companies that recognize this will continue to be successful,” emphasizes Michael Leditzky. “It’s important to offer an excellent, user-friendly product, but first-class service is just as important. We place great importance on giving the highest priority to the needs and requirements of our customers.”

“Michael will work very closely with me to lead SolidCAM GmbH into the next phase of growth”, emphasizes Dr. Emil Somekh, “Michael has established strategically important partnerships, and his business and technical expertise will further contribute to SolidCAM’s successful market strategy and success. The new expanded management structure strengthens SolidCAM GmbH’s position as the premier provider of CAD/CAM solutions in DACH and paves the way for further growth and expansion of our market share “. 

For more information:

Jack Maner
Tel: 866-975-1115 Ext 51
jack.maner@solidcam.com
www.solidcam.com

PR Newswire

BellaDati, IoT Framework and advanced analytics software producer has been acquired by Hagiwara Electric Group, Tokyo Stock Exchange listed Company

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SINGAPORE, Aug. 2, 2024 /PRNewswire/ — “Acquisition of all BellaDati shares by Hagiwara Electric Group (Tokyo Stock Exchange listed company) is an amazing step ahead for BellaDati on its mission to provide the best IoT Framework and advanced analytics for customers in Japan and other markets worldwide”, says Martin Trgina, CEO and founder of BellaDati.

Martin Trgina (BellaDati Founder) a HTS President at the signing ceremony.
Martin Trgina (BellaDati Founder) a HTS President at the signing ceremony.

‘We believe that BellaDati joining our group and establishing a fusion business that leverages the strengths of our existing businesses will enable us to enter new markets and increase our competitiveness in existing markets, thereby enhancing the corporate value of our group’, says HAGIWARA TECHNO SOLUTIONS CO., LTD.

Martin Trgina will resign as a CEO immediately after the acquisition and will stay for a short transition period in Singapore based BellaDati PTE. LTD. After that he plans to fully focus on his new hi-tech Singapore based enterprise software venture.

As a new CEO of BellaDati will be appointed Mr. Kazuto Saito.

About BellaDati:  

BellaDati HQ was established in Singapore in 2013 by Martin Trgina. It has local offices in Singapore, Japan and Czechia . BellaDati is an IoT Framework and advanced analytics cloud and on-premise platform. Large and medium Japanese enterprises are using it to build their own market vertical solutions and services worldwide.  

About Hagiwara:

HAGIWARA ELECTRIC HOLDINGS CO., LTD (the “Company”) was founded in 1948 and is headquartered in Nagoya, Japan. In the Group’s medium-term management plan “Make New Value 2026” which newly started from the fiscal year ending March 31st, 2025, the Company aims to carry out structural transformation and establish a business base in readiness for a new stage of growth. HAGIWARA TECHNO SOLUTIONS CO., LTD (“HAGIWARA TECHNO SOLUTIONS”), the Company’s core subsidiary of ts Technology Solutions Business, sets its management vision based on the medium term management plan as “an engeneering company that supports the creation of future worksite through utilizing data.” Its business policy is to strengthen a platform business as a new business pillar that is expected to be profitable by valorizing data.

This time, HAGIWARA TECHNO SOLUTIONS have positioned Belladati as the core data infrastructure platform, and take on challenge of further expanding into new markets and high value-added businesses.

Contact:
BellaDati PTE, Ltd
milena.trginova@gmail.com
+65 9467 1839
Domicile: Singapore

PR Newswire

EMTECH ANNOUNCES BEYOND COMPLIANCE PRODUCT FOR FINTECHS TO PROACTIVELY MANAGE RISK

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NEW YORK and ACCRA, Ghana and LAGOS, Nigeria, July 31, 2024 /PRNewswire/ — Award-winning software provider, EMTECH has announced a new software product called Beyond Compliance, to help Financial Service Providers (FSPs) automate and manage regulatory compliance in one place. Regulatory Compliance is an imperative for FSPs as the fines for non-compliance can run into the billions of dollars. Beyond Compliance helps users stay ahead of regulatory issues before they result in fines, loss of a license, bankruptcy or closures.

EMTECH's Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.
EMTECH’s Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.

The ground-breaking Beyond Compliance product provides users with regulatory checklists and workflows to enable and guide them through compliance processes. By simply selecting their regulator or jurisdiction and providing a few details, users can standardize and automate compliance activities. EMTECH designed the compliance product to increase business efficiency and reduce labor costs while reducing fragmentation and manual processes.

As the incidences of fraud, digital identity theft and money laundering increase, a recent McKinsey & Company report, “The future of the payments industry: How managing risk can drive growth“ notes that service providers should “modify their risk management programs to protect their revenue and improve regulatory compliance. This may include enhancements to issue management, due diligence processes, risk appetite setting, or risk identification processes.”

“If fintech is to grow more resilient and effective at protecting consumers today and in the future, we have to rethink how compliance will be managed compared to how it’s done today. With highly fragmented regulatory requirements, risk monitoring and reporting methods, a more integrated compliance management platform is an essential tool for survival and growth” notes Carmelle Cadet, CEO and Founder of EMTECH.

The Beyond Compliance product provides “a great user experience, it is a customizable solution. The product is detailed and very effective in ensuring compliance to regulatory directives”, says beta user Kwasi Ofei, Head of Compliance at Juni Payments.

“Regulatory compliance can be a complex task for FSPs. EMTECH’s Beyond Compliance is designed to help fintechs manage their compliance requirements, in one or more markets, monitor their compliance status and provide a level of regulatory visibility that is required by Central Bankers and regulators,” says Steven Dickens, Chief Technology Advisor at The Futurum Group.

About EMTECH
EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. EMTECH’s platforms power regulatory data exchange, compliance, supervision, currency issuance and currency movement in financial markets. The company is founded and led by a former IBM Blockchain Executive, Carmelle Cadet.

For more information visit the EMTECH website.

Media Contacts:

Linda Arroz, Makeover Media
Phone: 818.635.8753
email:linda.arroz@makeovermedia.com 

Mary Hall, Chief Marketing Officer, EMTECH
Email: Mary@EMTECH.com

PR Newswire

Litheli Launches Car Fridge Featuring Backpack Design & Detachable Battery for Ultimate Portable Chill

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NEW YORK, July 31, 2024 /PRNewswire/ — Litheli, a brand specializing in the design and manufacturing of battery-powered products, today announced the launch of FrozenPack, an all-around backpack car fridge that can be powered by a car cigarette port and detachable batteries.

FrozenPack offers rapid cooling in just 15 minutes from 77°F to 32°F (25°C to 0°C), with the lowest down to -4°F (-20°C), ensuring that your food and drinks stay chilled for any adventures. It boasts 77% larger capacity than traditional bulky car fridges, making it the ideal chill partner for all kinds of outings: place it in your car, secure it on your e-bike or as a backpack for the wildest adventures.

Litheli FrozenPack Car Fridge launches on Indiegogo
Litheli FrozenPack Car Fridge launches on Indiegogo

“FrozenPack overcomes limitations and brings you to destinations where wheels cannot reach. As the inventor of INFINITY POWER SHARE (IPS), Litheli aims to extend the value of detachable batteries and free them from garage or tool shed to the great outdoors,” said Ivy Ying, Litheli’s General Manager and Co-Founder.

FrozenPack can be powered in two ways: by a car cigarette port or the U20 IPS SUPER BATTERY, which is also the universal power source for all Litheli U20 products — from garden tools to power tools. The U20 Battery functions as a power bank to charge electronic devices, including laptops and mobile phones, and it can also be recharged via the USB-C port.

Litheli’s IPS Model of Battery-Powered Tools And Devices
Litheli’s IPS Model of Battery-Powered Tools And Devices

Pricing & Availability

Litheli FrozenPack is now available on Indiegogo at a Super Early Bird Price of 219 USD, a remarkable 31% discount from 319 USD, with add-ons like the L-shaped rack for e-bikes and motorbikes, eWagon W2 Pro for easy cruising, Electric SUP Air Pump for adventure gears, and Flint 288 power station for extended power charging.

FrozenPack is already in mass production and will soon be available in late September on Amazon US, litheli.com, and other online websites.

About Litheli

Founded in 2017, Litheli is the innovator of new energy power and tools, making power flexible and tools easier to use. As the creator of DC2.0 battery platform and Infinity Power Share (IPS), Litheli offers an independent and convenient energy experience with solar panels, power stations, and battery-powered products for users to enjoy in indoor, garden, car, and outdoor scenarios.

PR Newswire

Seadronix Disrupts Maritime Technology with Groundbreaking AI Model

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SEOUL, South Korea, July 30, 2024 /PRNewswire/ — Seadronix, a leader in AI-enabled autonomous ship navigation solutions, has announced the release of a groundbreaking white paper on artificial intelligence (AI) for marine object recognition. This innovative research introduces the VaDA (Vertical and Detail Attention) model, an advanced AI technology designed to recognize objects in challenging marine conditions, such as light reflections, interference, and adverse weather.

Example of benchmark dataset introduced in the white paper. Using the VaDA AI model, detailed segmentation of objects allows for accurate recognition of ships, terrain, and the sea surface.
Example of benchmark dataset introduced in the white paper. Using the VaDA AI model, detailed segmentation of objects allows for accurate recognition of ships, terrain, and the sea surface.

The VaDA model represents a significant technological breakthrough for Seadronix, the result of years of diligent work by researchers collecting and analyzing real operational data from the maritime industry, where data acquisition is notoriously difficult. VaDA’s development involved an unprecedented amount of real-maritime data, achieving state-of-the-art performance in terms of both accuracy and cost-effectiveness.

In a landmark move for the marine AI industry, Seadronix has also introduced the OASIs (Ocean AI Segmentation Initiatives) dataset, the first benchmark dataset of its kind. This initiative is set to transform the industry by providing a new standard for comparing AI technologies in object recognition, addressing a critical gap in maritime AI development.

Seadronix plans to showcase its key technologies, including the VaDA model and sensor fusion, at two prestigious international conferences: the IEEE/RSJ International Conference on Intelligent Robots and Systems (IROS) and the International Conference on Maritime Autonomous Surface Ships. By presenting at these events, Seadronix aims to cement its position as a global leader in maritime AI.

“The release of the OASIs benchmark dataset marks a significant milestone in the advancement of AI technology,” said Hankeun Kim, Chief Technology Officer of Seadronix. “We are committed to continuously driving innovation and development in the maritime AI sector.”

The introduction of object recognition AI technology is crucial for enhancing navigation assistance, safety, and ship automation. This technology is essential for autonomous navigation research, as it can detect and classify all objects at sea, from small buoys to large vessels and geographical features. Seadronix’s AI capabilities set a high standard in the industry.

Seadronix’s specialization in developing AI technology for marine environments, previously deemed impossible, positions the company as a leader in the digital transformation of the global shipping and port sectors. This innovation is poised to revolutionize autonomous navigation and serve as a game-changer in the industry.

PR Newswire

Toss Securities Expands Global Footprint with Establishment of US Office

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  • Toss Securities establishes its first global office in the U.S., aiming to expand its global presence
  • Kyungsoo (Peter) Kim, the current Head of Finance, will be appointed as the CEO for U.S. entity
  • Seungyeon Kim, CEO of Toss Securities says “The U.S. office will significantly accelerate the company’s business base in the market”

SEOUL, South Korea, July 30, 2024 /PRNewswire/ — In a strategic bid to extend its global footprint, Toss Securities, a securities firm with the largest data-driven investment platform in South Korea, is set to establish a new corporate office in the United States.

Toss Securities is a subsidiary of the South Korean fintech giant, Viva Republica, which operates the financial super app Toss. Its integrated account service allows customers to conveniently trade multiple financial instruments from one account without installing a separate app.

At a recent board meeting, the company unanimously voted to approve establishing a U.S. office under the name Toss Securities Americas (TSA), which is expected to be established during the second half of this year.

Kyungsoo (Peter) Kim, the current Head of Finance of Toss Securities, will be appointed as the CEO of its new wholly owned subsidiary, TSA. This will allow Toss Securities to bolster relationships with U.S. brokers and partners.

Toss Securities is also actively pursuing various non-financial business opportunities. One of its recent collaborations includes a marketing and partnership agreement with GraniteShares, one of the leading global ETF operators in the U.S. This partnership is part of the company’s efforts to identify and explore potential opportunities for business expansion.

“As a market leader in Korea for U.S. securities trading, it is a clear progression for Toss Securities to expand into the U.S. market,” said Seungyeon Kim, CEO of Toss Securities. “We are already working closely with our partners in the U.S., and this establishment will significantly accelerate our business base in the market.”

Toss Securities, which launched its mobile trading platform in March 2021, has been a trailblazer in the Korean investment industry as the first securities company of the mobile era. As of July 2024, the company has more than 6.1 million customers and over 3.2 million Monthly Active Users (MAU).

About Toss Securities

Toss Securities, a subsidiary company of Viva Republica, which operates the financial super app Toss, launched its customer service in March 2021. As a newly licensed securities company after 13 years, it provides user-centered services with UX/UI optimized for the mobile environment. In particular, it is the first in the industry to introduce an integrated account service that allows customers to conveniently trade multiple financial instruments from one account without installing a separate app, and as of July 2024, more than 6.1 million customers have used Toss Securities. Monthly Active Users (MAU) reach over 3.2 million to date. In addition to real-time overseas decimal stock trading, the company offers a variety of services such as community and customized content and is evolving into a data-driven investment platform.

PR Newswire

CSafe launches reusable Silverpod pallet shipper to help pharma companies save on disposal costs and hit sustainability targets

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New pallet improves cost and operational efficiency while reducing environmental impact; includes real-time visibility with cloud connectivity

Key features include:

  • Made of fully reusable components and recyclable PCM (phase change material) refrigerants
  • New integrated real-time tracking device tracks GPS location, temperature, shock and tilt
  • Rental model reduces disposal costs and inconvenience, supported by CSafe’s recycle-reuse program
  • Available to pharmaceutical businesses and freight forwarders worldwide

MONROE, Ohio, July 29, 2024 /PRNewswire/ — CSafe, the provider of active and passive temperature-controlled shipping solutions for the pharmaceutical industry, has announced the launch of a new reusable pallet shipper – the Silverpod MAX RE – with a host of updated features. The new and improved product will help pharmaceutical customers around the world save on disposal costs, meet their sustainability targets and improve logistical transparency during the shipping journey.

Silverpod MAX RE
Silverpod MAX RE

CSafe has taken its globally recognized, single-use Silverpod MAX passive pallet shipper and enhanced it for reuse to create Silverpod MAX RE – a highly durable PCM pallet shipper made entirely of reusable components. This product directly assists the industry in hitting newly-imposed and increasingly stringent sustainability targets, contributing to a more sustainable shipping industry.

New features also include a built-in TracSafe RLT data logger for tracking the location of the shipment, which integrates with CSafe Connect (CSafe’s integrated digital supply chain ecosystem). This enables customers to get real-time visibility of their shipments throughout the entire journey. It also monitors payload temperature, external ambient temperature, shock, tilt and GPS location.

The new shipper, which offers 120+ hours of qualified thermal protection, is made from durable exterior panels with extended edge and corner cap protection that can be used time and time again. It’s supplied via a rental model where CSafe fully manages the life cycle and return of the product, eliminating disposal costs and inconvenience for the customer. The product is supplied flat-packed for the most cost-effective delivery, storage and assembly.

Patrick Schafer, CSafe CEO, said: “Reusability and quality are a major focus for pharmaceutical businesses needing to meet their sustainability targets, and we want to make it as easy as possible for them. With the Silverpod MAX RE, we’ve turned one of our best-loved flagship shippers into a fully sustainable product, while maintaining the high quality and best-in-class technology that CSafe is known for.”

For more information, visit https://csafeglobal.com/bulk-air-cargo/silverpod-max-re/#tech-specs

About CSafe
CSafe offers the pharmaceutical cold chain a broad suite of thermal shipping solutions worldwide. With a “patient-first” focus, deep expertise and commitment to innovation, CSafe matches your requirements to the best solution for your needs. Offering nearly any size, duration and temperature – CSafe is at the heart of your cold chain. csafeglobal.com

Press contact
Dominic Alston, Ballou PR
dominic.alston@balloupr.com
csafe@balloupr.com

CSafe
CSafe
PR Newswire

Viettel Cyber Security: How Philippine Companies Can Prepare for the Rising Ransomware Threat

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MANILA, Philippines, July 29, 2024 /PRNewswire/ — In 2023, businesses in the Philippines were rocked when a company fell victim to the devastating Medusa ransomware. Several months later, an executive department of the Philippine government online systems were temporarily taken offline due to a ransomware attack. Those are just 2 out of hundreds of Ransomware attacks on businesses in the Philippines recently.

Ransomware incidents have become increasingly rampant and aggressive, not only in the Philippines but also in the surrounding region.


Notable Statistics on Ransomware

In the first half of 2024, data encrypted in Ransomware attacks across Southeast Asia reached over 7 Terabytes, with an estimated total ransom amounting to 13 million USD.

“Ransomware attack groups are now operating globally with annual revenues potentially reaching hundreds of millions, even over 1 billion USD” – Mr. Quang Tran Minh, Director of Intelligence Center, Viettel Cyber Security said.


Anyone Can Trigger An Ransomware Attack

Viettel Threat Intelligence has issued a serious warning about the increasing threat of ransomware attacks targeting organizations and businesses across the Philippines.

These attacks involve encrypting sensitive data and virtual infrastructure, causing severe disruptions and significant financial losses, leaving many businesses and organizations unprepared. Attackers escalate initial access to penetrate deeper into the system and then execute data encryption.

On average, it takes 21 days to detect a cyberattack, followed by 12 hours to control the damage, six hours to investigate, and another 12 hours to remediate.

Attackers can remain in the system for a long time, up to 6 months to a year, becoming very familiar with the organization’s behavior, waiting for the right moment to execute encryption, leading to devastating consequences.

“Ransomware combined with targeted APT attacks has become a highly profitable business model, called Ransomware-as-a-service or RAAS, allowing anyone with money and malicious intent to carry out ransomware attacks.”

How Can Businesses Proactively Prevent and Mitigate the Impact of Ransomware?

According to recent researches of Viettel Cyber Security experts, privileged accounts are the shortest path and also the first target of attackers to exploit enterprise infrastructure. Allowing the display of information for remote connection services such as VPN, RDP through default ports or on websites, and unrestricted device usage are among the common mistakes made by enterprises, and your business may also be making.

Is your business ready before Ransomware attack?

Download the Ransomware Guideline here to read full information to protect your business from increasingly sophisticated and unpredictable ransomware attacks.

  • Recommendations from VCS for preventing and responding to ransomware encryption attacks: Common mistakes made by businesses and expert recommendations.
  • Scenario of ransomware data encryption attacks.
  • Frequently asked questions.

Cybersecurity is an ongoing battle between attackers and defenders in both knowledge and technology. We are ready to advise and accompany enterprises in their journey to combat cybercrime and promote the secure development of businesses.

Download the Ransomware Guideline document for fundamental and comprehensive knowledge about the most dangerous form of cybercrime today.

Download here

Disclaimer:

This guideline serves the sole purpose of sharing technical information with the information security community and business organizations to raise awareness about information security and to have plans to prevent issues related to network information security risks. Any other allegations regarding the content of this report are not in line with our publishing purpose. The report uses some information gathered during the service provision for customers of Viettel Cyber Security (VCS).

About Us:

Viettel Cyber Security is a branch of Viettel Group, conducting in-depth research and development of information security solutions, providing a wide range of cybersecurity services and products, in the way of protecting your assets.

  • Have over 150 experts with high international quality certifications: CISSP, CCSP, CHFI, CEH,…
  • Achieve outstanding awards in cybersecurity: Crest, PCI DSS, ISO 27001, Cyber Security Excellence, Global Infosec Award
  • Two consecutive years winning awards at Cyber Defense Magazine Global Infosec Awards, excellently achieving “Best Product” for Managed Security Service 2024
  • Monitor network security for customer systems in 12 countries around the world

Website: https://viettelcybersecurity.com/

Email: vcs.sales@viettel.com.vn

PR Newswire

Tencent Launches Immersive Digital Experience of Newest World Heritage Site with Gametech

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The Beijing Central Axis is now ready for digital visitors from around the world

SHENZHEN, China, July 27, 2024 /PRNewswire/ — Tencent (0700.HK) today launched the largest virtual urban historical landscape created to date called Microcosm, an immersive experience that brings Beijing’s Central Axis to life online. The project launch coincides with the addition of the Central Axis to the World Heritage List by the United Nations Educational, Scientific and Cultural Organization (UNESCO).

Microcosm, which can be accessed via the Digital Central Axis Weixin Mini Program (云上中轴), offers users an immersive guided tour of the landmark that they can enjoy at their own pace. Guided by avatars, anyone with a smartphone can explore the 3D virtual replica of the heritage site in the Chinese capital in breathtaking detail. Users can explore the Digital Central Axis throughout its history, even areas and scenes that may have been damaged or are no longer visible in real life.

The Mini Program also provides a platform for the Digital Watchman project, an innovative crowdsourced conservation initiative launched in December 2023. By simply scanning QR codes, taking photos and uploading inspection reports through the Mini Program, locals and visitors can become citizen stewards, logging signs of deterioration or damage. Citizen conservation reports make it easier to maintain a large heritage site like the Central Axis.

“Through our digital capabilities and gametech, and with our partners, we are exploring a creative path to bring cultural heritage to life in the digital era. The Digital Central Axis Project exemplifies how digital innovation can be used not only to conserve, but also to revitalize these important cultural monuments,” said Zhan Shu, Head of Digital Culture Lab, Tencent’s Sustainable Social Value Organization.

The Axis is well known inside China but may be less familiar in other parts of the world. It stretches approximately 7.8 kilometers from north to south in the capital city, reflecting Chinese imperial design and urban planning that began in the 13th century. The site includes 15 heritage landmarks such as the Forbidden City, the Bell and Drum Towers, Jingshan Hill, and the Temple of Heaven. Its symmetry and layout reflect a traditional system of order and harmony between humans and nature that has prevailed from the Yuan, Ming, and Qing dynasties all the way through to the China of today.

Microcosm took three years to create, using high-definition scanning, modeling, PCG auto-generation, and other game technologies. A sophisticated five-level map mode covers 200km x 200km and includes 300,000 plants and 2.2 million buildings, as well as hills and water features. In all, the virtual space contains over 15 terabytes of 3D data and a total of 10.4 billion facets.

As part of the Digital Central Axis Project, Tencent has also woven the elements of the cultural wonders into many scenarios — including music, videos, animations and even mobile games — for conservation and research purposes. For example, millions of young people have found creative and innovative ways to take part in games licensed with the Beijing Central Axis intellectual property, which in turn has created favorable public sentiment for cultural preservation.

To date, the Digital Central Axis Weixin Mini Program has logged more than 4.5 million visits, 800,000 registered users, and 17,000 Digital Watchman volunteers contributing more than 70,000 inspection photos leading to proactive conservation.

The Digital Central Axis project shows the power of big data, cloud computing, gametech, AI, and knowledge maps in conservation and heritage projects. The technologies can create meaningful experiences, help engage the public, and protect more of the world’s cultural treasures in the digital era.

For media inquiries, please contact us at gc@tencent.com

About Tencent

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world.

Founded in 1998 with its headquarters in Shenzhen, China, Tencent’s guiding principle is to use technology for good. Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even have fun.

Tencent publishes some of the world’s most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe.

Tencent also offers a range of services such as cloud computing, advertising, FinTech, and other enterprise services to support our clients’ digital transformation and business growth.

Tencent has been listed on the Stock Exchange of Hong Kong since 2004.