PLUS: Philippines cyber-slave raid; South Korea’s crypto crackdown; AWS boosts Chinese exports; and more
India's Mahesh Bank, which lacked a valid firewall license, failed to use phishing protection or an intrusion detection/prevention system, and duly fell victim to a cyber attack.to media reports the Bank has been fined ₹6,500,000 for failing to follow infosec regulations.Amazon Web Services last week staged a summit in China, at which it announced a"Smart Vision Overseas Plan" that will see the cloud colossus help manufacturers use cross-border e-commerce channels to go overseas.
But IDC warned supply chain issues persist, and Chinese orgs may also struggle to find skilled labor.Australia's banks, telecommunications industry, and digital platforms have combined to form a"fusion cell" to"identify methods for disrupting investment scams to minimize scam losses." Australians lose over A$1 billion a year to such scams – many of them originating online. The National Anti-Scam Centre has therefore promised action"that facilitates timely action by finance, telecommunications and digital platforms to stop scammers."
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