Technology

Viettel Cyber Security Unmasked Philippine Cyber Risks: Over 315,000 Compromised Credentials in the First Six Months of 2024

Published

5 months ago

August 5, 2024

MANILA, Philippines, Aug. 4, 2024 /PRNewswire/ — In just the first two quarters of 2024, Viettel Threat Intelligence Center, under Viettel Cyber Security, has released a report revealing several emerging cyber threats in the Philippines, affecting individuals and organizations, especially within the government sector.

315,000 compromised credentials, 17,456 phishing attacks, and numerous vulnerabilities are just some of the alarming statistics about the Philippines’ cybersecurity landscape in the first half of 2024 that organizations can not ignore.

Surprisingly, despite the alarming level of danger, many companies remain confident in their ability to stay resilient amidst this evolving cybersecurity landscape. This confidence highlights a gap, suggesting that companies may have misplaced trust in their ability to navigate the threat landscape and are not properly assessing the true scale of the challenges they face.

It’s time to confront the problem directly, understand the information security challenges businesses are facing, and prepare effective response plans. All needed information can be found in our report.

Data Breaches are increasing at an alarming rate, especially in the government and education sectors.

Viettel Threat Intelligence recorded over 315,000 compromised credentials in the Philippines in the first half of 2024. The rise of Stealer-as-a-service (SaaS) and Stealer Malware groups have contributed significantly to the increase of compromised credentials.

Numerous incidents involving the leak of privileged credentials for critical and sensitive systems, such as email systems, single sign-on (SSO) management systems, Active Directory (AD) systems, and internal access VPNs, have raised serious concerns. If this information falls into the wrong hands, it could be used for malicious purposes, such as disrupting operations, stealing sensitive data, or conducting cyberattacks.

In the first half of 2024 witnessed a surge in data breaches and selling on darkweb in the Philippines cyberspace.

The amount of data breaches has reached over 660 million records, more than 1TB of data and nearly 150GB of KYC data. These are alarming figures regarding the situation of data breaches in the Philippines.

The number of cases of data breaches and selling on dark web is showing an increasing trend, especially in March with 15 incidents:

The government sector has experienced the highest number of data breach incidents, accounting for 26.1% of the total, followed by the education sector with 17.4%. Retail and service businesses have also become targets of attack groups, accounting for a total of 10.9%.

Viettel Threat Intelligence also identified a scenario of attacking virtualized infrastructure, where the attacker gains access to the internal network, escalates privileges, takes control of the vCenter management system, encrypts the entire system, and demands ransom.

Despite ongoing efforts by the Department of Information and Communications Technology (DICT) and various organizations to enhance cybersecurity awareness in the Philippines, many entities continue to struggle. To effectively navigate this high-stakes, complex environment, organizations must stay ahead to ensure robust cybersecurity resilience.

Download the report to get all the information you need about the Philippines’ cybersecurity landscape in the first half of 2024 and contact us for support whenever you need.

Download Here

Disclaimer

This report serves the sole purpose of sharing technical information with the information security community and business organizations to raise awareness about information security and to help 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 to protect your digital assets.

Over 150 experts with high international quality certifications: CISSP, CCSP, CHFI, CEH, and more.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, achieving “Best Product” for Managed Security Service 2024.Monitoring network security for customer systems in 12 countries around the world.

Website: https://viettelcybersecurity.com/

Email: vcs.sales@viettel.com.vn

Find additional information about the report here

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SOURCE Viettel Cyber Security

Technology

BingX Introduces ALTCOIN Index Futures Trading: One Click, Countless Trends

Published

31 minutes ago

December 27, 2024

VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.

Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.

In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.

Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”

BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.

About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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SOURCE BingX

Technology

Lyric’s first solid-state battery front-end equipment is shipped to customer in United States

Published

31 minutes ago

December 27, 2024

BEIJING, Dec. 26, 2024 /PRNewswire/ — Recently, Lyric’s first solid-state battery front-end equipment has been shipped to a customer in the United States. Relying on its deep accumulation in the field of solid-state battery technology, Lyric has achieved strategic development on the global stage.

As of now, Lyric’s Z-shape stacking machine has reached the forefront of the industry, achieving an efficient stacking speed of 0.1s/pcs and ultra-high precision alignment of ≤ ± 0.3mm, setting an industry benchmark. At the same time, with the innovative design, the double planetary mixer realizes the efficient mixing of various viscosity materials, showing extraordinary flexibility, and significantly enhances the safety and efficiency of the production process through the iterative upgrade of automation technology, and provides customized services to accurately meet customer needs.

Looking to the future, Lyric will continue to expand its global footprint, based on the deep accumulation in the field of solid-state batteries since 2020, and its patented technology of dry electrode and stacking process and self-developed equipment advantages, Lyric not only demonstrates excellent capabilities in the manufacture of solid-state battery production equipment, but also provides a full range of solutions. Covers customized delivery from a single station to the entire production line. In terms of international cooperation, Lyric is actively seeking cooperation opportunities with more overseas enterprises, aiming to promote China’s solid-state battery equipment technology and solutions to the global market, further enhance its influence and competitiveness in the global renewable energy industry chain, and jointly explore unlimited possibilities in the field of renewable energy.

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SOURCE Lyric

Technology

Life-Space Wins Prestigious 62nd Australian Export Awards

Published

31 minutes ago

December 27, 2024

MELBOURNE, Australia, Dec. 27, 2024 /PRNewswire/ — At the prestigious 62nd Australian Export Awards held at Parliament House in Canberra, Life-Space, Australia’s No. 1 probiotic brand, proudly claimed the title of ‘E-commerce Winner of the Australian Export Awards 2024’. This incredible achievement underscores Life-Space’s unwavering commitment to delivering world-class health solutions to global consumers, fuelled by innovative digital strategies and a robust e-commerce presence.

Celebrating Australian Export Excellence

The Australian Export Awards, established in 1963 and presented by the Australian Trade and Investment Commission (Austrade) in collaboration with State and Territory awards programs, is a premier national program. It recognises the achievements of Australia’s most outstanding, innovative, and inspiring exporters, highlighting their significant contributions to the nation’s economy.

A Global Leader in Consumer Health

Life-Space has established itself as a trusted name in probiotics, offering products that support gut microbiome and whole-body health. Exporting to over 20 countries, including China and key Southeast Asian markets, Life-Space continues to redefine the global consumer health landscape. The brand’s dedication to scientific innovation, high-quality manufacturing, and consumer education has made it a household name worldwide.

Driving E-commerce Excellence

The award recognises Life-Space’s exceptional ability to adapt to the ever-evolving digital marketplace. Through strategic collaborations, robust online platforms, and consumer-centric marketing campaigns, Life-Space has consistently delivered value to its customers while expanding its global footprint. Notably, Life-Space has seen explosive growth in China’s cross-border e-commerce market, alongside outstanding performance in Southeast Asian countries such as Singapore, Vietnam, and Malaysia. The Singapore market, in particular, has recorded an impressive 140% annual growth rate for three consecutive years.

‘This recognition is a testament to the passion and hard work of the entire Life-Space team,’ said Alan Yi, Life-Space Group’s General Manager – Global Business, ‘We are proud to represent Australia on the global stage and remain dedicated to bringing the best in probiotics to consumers worldwide.’

Looking Ahead

As Life-Space celebrates this milestone, the brand is focused on forging new market opportunities, advancing health education, and introducing cutting-edge products that enhance everyday health and well-being.

“Our vision for 2025 includes expanding our export capacity and preparing to introduce our products to the U.S. market,” added Yi. “This achievement further reinforces our position as a global leader in consumer health.”

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SOURCE Life-Space