Technology
New Study Shows Filipino Consumers Who Access Piracy Sites and Services at Severe Risk of Cyber Threats
Published
2 weeks agoon
By
Expert, IP Office and Industry Representatives Call for Site Blocking Laws to be Passed
MANILA, Philippines, Nov. 13, 2024 /PRNewswire/ — A new study commissioned by the Motion Picture Association (MPA) showed that Filipino consumers who access piracy sites and services are at severe risk of cyber threats such as identity theft and ransomware. The study found Filipinos are up to 33 times more likely to encounter a cyber threat on the most popular piracy sites compared to legal film and TV websites.
These findings were presented in a study released on 13 November during an anti-piracy symposium organized by the Intellectual Property Office of the Philippines (IPOPHL), the Alliance for Creativity and Entertainment (ACE), GMA Network, Inc. and Globe Telecom. ACE, the world’s leading antipiracy coalition, is led by the MPA.
The study was authored by Dr. Paul Watters, Honorary Professor of Security Studies and Criminology, Macquarie University in Sydney.
“As the digital landscape grows increasingly complex, the risks to consumers accessing piracy sites – especially younger consumers – have never been more urgent,” Watters said. “Consumers today navigate an online environment fraught with hidden malware and exploitation, often without realizing the true danger they face. My research highlights the urgent need for effective action to protect consumers, as every click on a piracy site brings not only legal and ethical implications, but significant threats to users’ safety and security. We owe it to the next generation to build a safe and secure internet, which protects young people from cybercriminals.”
To mitigate the risk of consumer harm posed by piracy sites, the study recommends the enactment of proportionate and transparent site blocking laws that will target piracy sites and services, increased funding for Filipino law enforcement to enhance digital forensics and incident response capabilities, and the development of a national awareness and education campaign.
“IPOPHL’s voluntary site-blocking initiative has emerged as a key tool in the fight against digital piracy,” said IPOPHL Director General Rowel Barba. “While it has only been implemented this year, we’ve already disabled access to nearly 20 sites with the help of the National Telecommunications Commission and internet service providers. Nevertheless, a law will institutionalize our site-blocking regime to create more outcomes, unlock the full potential of our creative economy and protect our consumers from the alarming cyber threats of piracy sites. IPOPHL is still hopeful to see a site-blocking law passed soon.”
“The MPA’s experience in almost 60 countries around the world shows that site blocking is one of the most effective tools in our toolbox to combat piracy,” said Karyn Temple, Senior Executive Vice President and Global General Counsel for the MPA. “This is particularly true in jurisdictions like the Philippines, where the most visited sites are run by operators based elsewhere in the world. The enactment of site blocking legislation is the next key step towards protecting Filipino consumers, content creators, and the creative industry in the Philippines and around the world.”
The study also showed that raising consumer awareness and education – particularly with teens and pre-teens – is crucial to mitigating the cyber risks associated with piracy sites in the Philippines.
“The study confirms what we have long feared about online piracy in the Philippines,” said Mr. Joseph T. Francia, First Vice President and Head of International Operations for GMA Network, Inc., an ACE member company. In addition to the negative economic impact to the Filipino entertainment industry, digital piracy has far more serious consequences to the Filipino consumers who are unwittingly exposed to a host of cyberthreats by visiting pirate sites. GMA is committed to continue raising consumer awareness and education on the cyber risks associated with digital piracy.”
“At Globe, we believe in a digital world that is safe and empowering for everyone,” said Yoly Cristiano, Chief Sustainability and Corporate Communications Officer for Globe, an ACE member. “This study underscores the critical need for collaborative action to protect consumers, especially young people, from the hidden dangers of online piracy. We are committed to working with the government and partners like the MPA, ACE and GMA Network to promote responsible digital citizenship and ensure a secure online experience for all Filipinos.”
The full report is available here.
About The Motion Picture Association
The Motion Picture Association (MPA) serves as the leading voice and advocate of the motion picture, home video, and television industries. It works in every corner of the globe to advance the creative industry, protect its members’ content across all screens, defend the creative and artistic freedoms of storytellers, and support innovative distribution models that bring an expansion of viewing choices to audiences around the world. Its member studios are Netflix, Paramount Pictures, Prime Video & Amazon MGM Studios, Sony Pictures, Universal Studios, The Walt Disney Studios, and Warner Bros. Discovery. Charles Rivkin is Chairman and CEO.
About The Alliance for Creativity and Entertainment
The Alliance for Creativity and Entertainment (ACE) is the world’s leading coalition dedicated to protecting the legal creative market and reducing digital piracy. Driven by a comprehensive approach to addressing piracy through criminal referrals, civil litigation, and cease-and-desist operations, ACE has achieved many successful global enforcement actions against illegal streaming services and unauthorized content sources and their operators. Drawing upon the collective expertise and resources of more than 50 media and entertainment companies around the world—including sports channels and associations—and reinforced by the Motion Picture Association’s content protection operations, ACE protects the creativity and innovation that drives the global growth of core copyright and entertainment industries. The current governing board members for ACE are Amazon, Apple TV+, Netflix, Paramount Pictures, Sony Pictures, Universal Studios, The Walt Disney Studios, and Warner Bros. Discovery. Charles Rivkin is Chairman and CEO of the Motion Picture Association and Chairman of ACE.
About the Intellectual Property Office of the Philippines (IPOPHL)
An agency attached to the Department of Trade and Industry (DTI), IPOPHL was created by virtue of Republic Act 8293 or the Intellectual Property (IP) Code of the Philippines. It is mandated to protect IP and create policies and programs that shape the IP system to be a tool for promoting innovative and creative activities, facilitating transfer of technology, attracting foreign investments and ensuring market access for products.
The IPOPHL sits at the National Committee on IP Rights as vice-chair. It is also an ex-officio member of the National Innovation Council and the Philippine Creative Industries Development Council, which are respectively tasked to foster innovation and creativity in the country.
About GMA Network
GMA Network, Inc. is the Philippines’ leading broadcasting company, which produces the most innovative, most trusted, and top-rating TV programs.
Also known as the Kapuso Network, GMA brings superior entertainment and responsible, unbiased, and timely delivery of comprehensive and accurate News and Information to Filipinos anywhere in the world – through its TV, radio, online platforms and wide array of other media-related ventures: program syndication, film production, music publishing and distribution, set design, audio-visual production, and new media.
Based on Nielsen TV Audience Measurement data from January to September 2024, GMA Network including GTV and other digital channels tallied a combined people net reach of 92 percent or 67 million viewers in Total Philippines. Headquartered in Quezon City, GMA operates a network of 115 TV stations and 21 radio stations throughout the country.
Officially listed on the Philippine Stock Exchange in 2007, GMA Network, Inc. is regarded as one of the most notable organizations that promote sustainability in the country, being the first media and broadcasting company in the Philippines to sign with the United Nations (UN) Global Compact.
For more stories about the Kapuso Network, visit www.GMANetwork.com.
About Globe
Globe Telecom, Inc. is a leading full-service telecommunications company in the Philippines and publicly listed in the PSE with the stock symbol GLO. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It offers innovative digital solutions in the areas of fintech, healthtech, adtech, climate tech, shared services and venture capital. In 2019, Globe became a signatory to the United Nations Global Compact, committing to implementing universal sustainability principles. Its principals are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region.
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SOURCE Motion Picture Association
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Technology
AsiaPay Champions Women-Led Ventures Across APAC with A$40K in Prizes
Published
13 minutes agoon
November 26, 2024By
Second Year of Support for Women Entrepreneurs Driving Positive Change
MELBOURNE, Australia, Nov. 26, 2024 /PRNewswire/ — LIFTWOMEN®, the global platform empowering female entrepreneurs, is thrilled to announce the return of its LiftHER Female Founders Grant Challenge, supported once again by AsiaPay Capital. This year, AsiaPay’s continued sponsorship amplifies its commitment to fostering innovation and inclusion, with A$40K in prizes for finalists and winners. Following the success of last year’s inaugural challenge—which received over 300 applications from five APAC regions—the LiftHER initiative remains dedicated to supporting women-led ventures that drive positive social and environmental impact.
The previous LiftHER cohort celebrated diverse founders from Australia, Vietnam, Hong Kong SAR, Indonesia, and the Philippines, showcasing businesses across MedTech, sustainable consumer products, and digital platforms. These finalists have not only made strides in their industries but have collectively engaged audiences of over 500,000 across social media and earned coverage in major media outlets, including Forbes, CNN, and LinkedIn Top Voice.
In 2024, nine finalists will again be selected to participate in an intensive 8-week business and crowdfunding coaching program. Last year’s winners included OVUM (Australia), an AI-driven women’s health assistant, La Foundary (Australia), which transforms waste into biomaterials, and Urban Farmer TV (Philippines), dubbed the “Netflix for urban gardening.”
Irene Tsang, Founder and CEO of LIFTWOMEN®, emphasised the vital role that AsiaPay’s support plays in sustaining the challenge and uplifting these visionary founders. “AsiaPay’s partnership is instrumental in ensuring that female founders have access to resources that are often out of reach,” said Tsang. “Their commitment goes beyond sponsorship; it is a powerful affirmation that women-led ventures are key to creating a sustainable and inclusive future. The LiftHER Grant Challenge is more than just a competition—it’s a platform to break down systemic funding barriers, empowering women to lead impactful change.”
Joseph Chan, CEO of AsiaPay Capital, added, “AsiaPay Capital is honoured to support LIFTWOMEN® again this year, backing a program that aligns with our values of innovation and inclusive growth. The quality of last year’s applicants was inspiring, and we look forward to seeing new ideas that merge technology, sustainability, and gender equality to shape the future of business in Asia.”
Applications for the LiftHER Grant Challenge opened on 11 November 2024 and will close on 3 January 2025. Finalists will be announced in late January and will start their journey with international mentors in February, leading up to the Pitch Night in April 2025, where A$40,000 in grant funding will be awarded across four categories: Sustainable Future, Innovation & Impact, Digital Commerce, and People’s Choice.
For more information about the LiftHER Female Founders Grant Challenge or to apply, please visit: https://www.lifther.liftwomen.com/
About LIFTWOMEN®
LIFTWOMEN® Group, founded in 2021 by Irene Tsang, is a global start-and-scale platform for women-led businesses. Designed to bridge the gender funding gap, the platform provides female entrepreneurs with equity-free and debt-free capital, along with the tools, mentorship, and community support they need to succeed. With operations across Australia and Asia, LIFTWOMEN®’s mission is to foster financial inclusion, promote sustainable business growth, and empower women to achieve financial independence.
About AsiaPay Capital
AsiaPay Capital, an incubation arm of the AsiaPay Group, a leading digital payment player in Asia, strives to accelerate the growth of startups in the new economy and digital sectors in Asia. Through financial backing, local operational resources and facility access, mentorship, and innovation synergy, investees benefit from a streamlined pathway to expand and grow. AsiaPay Capital offers startups a comprehensive range of advanced payment solutions, and gain access to a broad capital, client and partner base, ensuring a faster and more secure regional expansion in Asia.
https://www.asiapaycapital.com/
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SOURCE AsiaPay
Technology
Mirae Asset Expands Active ETF Product Line with the Launch of Global X India Sector Leader Active ETF (3084) and Global X Emerging Markets Asia Active ETF (3104)
Published
13 minutes agoon
November 26, 2024By
HONG KONG, Nov. 26, 2024 /PRNewswire/ — Mirae Asset Global Investments (Hong Kong) Limited (referred to as “Mirae Asset”) today announced the launch of two new products to further enhance its active ETF lineup. The new ETFs are the Global X India Sector Leader Active ETF (stock code: HKD counter 3084 / USD counter 9084) and the Global X Emerging Markets Asia Active ETF (stock code: HKD counter 3104 / USD counter 9104).
The Global X India Sector Leader Active ETF aims to achieve long-term capital appreciation by primarily investing in equities and equity-related securities of sector-leading companies that are domiciled in India or conduct a significant portion of their economic activities there. At least 70% of the fund’s assets will be invested in companies with strong market share and profitability in the Indian market, targeting robust long-term growth. The investment strategy focuses on companies with high market share and profitability to generate stable returns. Additionally, the fund employs a flexible portfolio strategy without fixed industry weights, allowing it to effectively respond to market changes. As a registered foreign investor, this fund provides investors with convenient access to the Indian market, enabling them to share in the country’s economic growth.
The Global X Emerging Markets Asia Active ETF targets long-term capital appreciation through concentrated investments in equities and equity-related securities of companies domiciled in or conducting significant economic activities in emerging Asian markets. At least 70% of the fund’s assets will be invested in companies from emerging Asian markets excluding China, aiming to capture growth potential in these economies. The investment strategy focuses on seizing economic growth opportunities in these regions. By employing a rigorous stock selection process that combines quantitative screening with qualitative research, the fund ensures the selection of stocks with strong growth potential. Furthermore, the portfolio is broadly diversified, with no fixed industry weights or market capitalization limits, allowing for flexibility in responding to market trends and providing more investment opportunities.
Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, stated, “With the launch of these two new ETFs, Mirae Asset is expanding its product line in the active ETF space to meet the diverse needs of investors seeking thematic growth strategies. We firmly believe that the economic potential in India and emerging Asian markets is immense, and as these regions continue to develop, investment opportunities will become increasingly abundant. By leveraging local expertise, our investment approach focuses on generating long-term alpha and assessing risks, fully aligning with the growth potential of these markets. Through these new products, investors will be better positioned to capitalize on growth opportunities in these regions and maximise their benefits.”
For more information about the Global X India Sector Leader Active ETF (3084) and Global X Emerging Markets Asia Active ETF (3104), please visit the Global X ETFs website at www.globalxetfs.com.hk.
About Mirae Asset Global Investments Group
Mirae Asset Global Investments Group (the “group”) is an asset management organization with over US$272 billion in assets under management as of Sep 30, 2024[1]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds (“ETFs”), and alternatives. Operating out of 25 offices worldwide, the group has a global team of more than 1,000 employees, including more than 200 investment professionals.
The group’s global ETF platform features a line-up of 601 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.[2] The group’s ETFs have combined assets under management of US$137 billion and are listed in Australia, Canada, Colombia, Europe, Hong Kong (SAR), India, Japan, Korea, Vietnam, the United Kingdom, and the United States.[3]
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features over 384 ETF strategies and over $92 billion in assets under management.[4] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 19 global markets and the group’s managed assets exceed US$606 billion in assets under management worldwide.[5]
Mirae Asset Global Investments Hong Kong: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong: www.globalxetfs.com.hk
Important Information
Global X India Sector Leader Active ETF
Investors should not base investment decisions on this document alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Global X India Sector Leader Active ETF (the “Fund”)’s investment objective is to achieve long term capital growth by primarily investing in equities and equity-related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in India.The Fund will invest primarily (i.e. at least 70% of its net asset value (the “Net Asset Value”) in equities and equity-related securities (such as common shares, preferred stock as well as American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and participation notes) of sector leading companies domiciled in or exercising a large portion of their economic activities (e.g., having investments, production activities, trading or other business interests) in India.The Fund employs an actively managed investment strategy. The Fund does not seek to track any index or benchmark, and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other index tracking funds with a similar objective.The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.The Fund is an FPI registered with the SEBI. The applicable laws, rules and guidelines on FPI impose limits on the ability of FPI to acquire shares in certain Indian issuers from time to time and are subject to change. This may also adversely affect the performance of the Fund.The FPI status of the Sub-Fund may be revoked by the SEBI under certain circumstances. In the event the Fund’s registration as an FPI is cancelled, revoked, terminated or not renewed, this would adversely impact the ability of the Fund to make further investments, or to hold and dispose of existing investment in Indian securities. The Fund may be required to liquidate all holdings in Indian securities acquired by the Fund as an FPI. Such liquidation may have to be undertaken at a substantial discount and the Fund may suffer significant/substantial losses.The Fund’s investments are concentrated in securities in India. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Indian market.High market volatility and potential settlement difficulties in the equity market in India may result in significant fluctuations in the prices of the securities traded on such market and thereby may adversely affect the value of the Fund. The BSE has the right to suspend trading in any security traded thereon. The Indian government or the regulators in India may also implement policies that may affect the Indian financial markets. There can be no assurance that the Indian government will not impose restrictions on foreign exchange and the repatriation of capital.The taxation of income and capital gains in India is subject to the fiscal law of India. The tax rate in respect of capital gains derived by an FPI on transfer of securities will vary depending upon various factors. Any increased tax liabilities on the Fund may adversely affect the Net Asset Value of the Fund. For details, please refer to the section headed “Taxation in India” in the Prospectus. Any shortfall between the provision and the actual tax liabilities, which will be debited from the assets of the Fund, will adversely affect its Net Asset Value.Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition, the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from realisation requests.The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Fund’s Net Asset Value.Investors should note that where a unitholder holds Listed Class of Units traded under the USD counter, the relevant unitholder will only receive distributions in HKD and not USD.Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
Global X Emerging Markets Asia Active ETF
Investors should not base investment decisions on this document alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Global X Emerging Markets Asia Active ETF (the “Fund”)’s investment objective is to achieve long term capital growth by primarily investing in equities and equity-related securities of companies domiciled in or exercising a large portion of their economic activities in emerging markets in Asia.The Fund will invest primarily (i.e. at least 70% of its net asset value (the “Net Asset Value”) in equities and equity-related securities (such as common shares, preferred stock as well as American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and participation notes) of companies domiciled in or exercising a large portion of their economic activities (e.g., having investments, production activities, trading or other business interests) in emerging markets in Asia, such as India, Indonesia, Korea, Malaysia, Philippines, Taiwan and Thailand, Vietnam, Bangladesh, Pakistan and Sri Lanka, but excluding Mainland China.The Fund employs an actively managed investment strategy. The Fund does not seek to track any index or benchmark, and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other index tracking funds with a similar objective.The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.The Fund invests in the emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.The Fund may invest in stocks of small-capitalisation/mid-capitalisation companies. The stock of small-capitalisation/mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition, the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from realisation requests.The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Fund’s Net Asset Value.Investors should note that where a unitholder holds Listed Class of Units traded under the USD counter, the relevant unitholder will only receive distributions in HKD and not USD.Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
Disclaimer
This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.
Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.
Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.
Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited (“MAGIHK”) are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.
Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction.
This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of MAGIHK.
Copyright © 2024 Mirae Asset Global Investments. All rights reserved.
[1] Source: Mirae Asset Global Investments, Sep 30, 2024.
[2] Source: Mirae Asset Global Investments, Sep 30, 2024.
[3] Source: Mirae Asset Global Investments, Sep 30, 2024.
[4] Source: Mirae Asset Global Investments, Sep 30, 2024.
[5] Source: Mirae Asset Financial Group, Jun 30, 2024.
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SOURCE Mirae Asset Global Investments (Hong Kong) Limited
Technology
PRIVACY ALERT: RRCA Accounts Management Under Investigation for Data Breach of Over 115,000 Patient Records
Published
13 minutes agoon
November 26, 2024By
SAN FRANCISCO, Nov. 25, 2024 /PRNewswire/ — Schubert Jonckheer & Kolbe LLP is investigating a data breach impacting the private personal and health information of 115,837 patients held by RRCA Accounts Management, Inc., an Illinois-based collection agency.
On or about October 18, 2024, RRCA notified patients that it experienced a ransomware attack on its systems. During that attack, the Play ransomware group infiltrated its systems and accessed and stole their records, including their clients’ customers’ personal information.
RRCA recently informed patients that the following private information may have been stolen in the breach: names, addresses, dates of birth, phone numbers, emails, Social security numbers or taxpayer IDs, driver’s license numbers, passport numbers, health insurance information, health data (such as medical record numbers and places of treatment and doctors), health payment information (such as billing and insurance claims and payment card and account numbers), usernames or IP addresses, and potentially some demographic information (such as genders, religious views, or races).
If your personal information was impacted by this incident, you may be at risk of identity theft, healthcare fraud, and other serious violations of your privacy. As a result, you may be entitled to money damages and an injunction requiring changes to the company’s cybersecurity practices.
If you received notification of this data breach from RRCA or an identity protection service and wish to obtain additional information about your legal rights, please contact us today or visit our website at https://www.classactionlawyers.com/rrca.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers, employees, and shareholders in class actions and shareholder derivative actions against corporate defendants, focusing on data privacy. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide.
Contact
Amber L. Schubert
Schubert Jonckheer & Kolbe LLP
aschubert@sjk.law
Tel: 415-788-4220
View original content:https://www.prnewswire.com/news-releases/privacy-alert-rrca-accounts-management-under-investigation-for-data-breach-of-over-115-000-patient-records-302315931.html
SOURCE Schubert Jonckheer & Kolbe LLP
AsiaPay Champions Women-Led Ventures Across APAC with A$40K in Prizes
Mirae Asset Expands Active ETF Product Line with the Launch of Global X India Sector Leader Active ETF (3084) and Global X Emerging Markets Asia Active ETF (3104)
PRIVACY ALERT: RRCA Accounts Management Under Investigation for Data Breach of Over 115,000 Patient Records
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