TechNave Business Bytes Week 1 June 2024: AI Security, GXBank Scholarship, MDEC MD tax incentives, Sustainable … – TechNave

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In this week’s TechNave Business Bytes Week 1 June 2024 there are updates on cybersecurity, education, investment, and more in Malaysia’s digital landscape. Kaspersky warns of social engineering attacks targeting social media accounts. Trend Micro unveils AI-powered security solutions for next-generation AI PCs, addressing emerging threats.

GXBank launches the Impian Gigih Biasiswa scholarship program to support underprivileged Malaysian students pursuing higher education. Airo, a Malaysian platform, leverages AI and tokenization to democratize investment opportunities. MDEC introduces a tax incentive scheme for Malaysia Digital (MD) companies to bolster the economy and promote sustainability. ASUS also makes waves at Computex 2024, winning multiple awards for innovative and sustainable products.

Kaspersky: What should I do if Hackers are after my social media accounts?

Hackers recently targeted celebrities’ social media accounts via zero-click exploits in private messages. The impact is being investigated, but the social media company reported a limited number of compromised accounts. Kaspersky highlighted the ongoing threat of social engineering attacks on popular platforms. The zero-click exploit allows malware to trigger without users clicking malicious links; opening the direct message is sufficient.

While the social media company works to stop the attacks, Kaspersky suggests measures to reduce risks, including strong unique passwords, two-factor authentication using an authenticator app, avoiding clicking links from unknown senders, and educating children about social media safety. Check out their site for more details.

GXBank’s Impian Gigih Biasiswa Now Open for Application

GXBank recently launched the Impian Gigih Biasiswa scholarship program to support Malaysian students from low-income households in pursuing higher education. The scholarship covers tuition fees, living expenses, and other educational costs. Successful applicants will also receive opportunities for self-development, including an overseas immersion program, skill-building courses, and an internship with GXBank.

The scholarship aims to alleviate financial barriers and promote social mobility, recognizing education’s role in breaking the cycle of poverty and developing talent for Malaysia’s digital economy. Applicants must meet eligibility criteria, including academic achievements, leadership potential, and a commitment to contributing to society. The application deadline is July 6, 2024. Check out their site for more details.

Trend Micro Unveils Security Solutions for Consumer AI PCs at Computex 2024

Trend Micro, recently introduced consumer security solutions for emerging threats in the AI PC era. These advanced capabilities will be available in late 2024. The collaboration with Intel involves utilizing Intel’s next-generation processors for enhanced email defense, prioritizing user privacy and security.

Trend Micro’s focus on innovation and collaboration aims to address both enterprise and individual consumer security needs in the AI era. AI PCs enable local AI application execution, presenting new opportunities and risks. Trend Micro’s AI application protection and NPU-powered email security address these risks, enhancing user experience and data privacy. Check out their site for more details.

AIRO: Accessibility, AI, And Tokenisation for More Robust Investment Options

Malaysia is embracing digital investment methods like tokenization, expanding investment options beyond traditional avenues. Artificial Intelligence (AI) tools aid in accurate investment recommendations by analyzing vast data. Tokenization allows fractional ownership of real estate assets, opening up new diversification opportunities.

Limited financial literacy remains a barrier to entry, hindering informed decision-making and wealth creation for lower-income individuals. Airo, a Malaysian investment platform, aims to democratize investment opportunities. Check out their site for more details.

ASUS Secures Multiple Best Choice Awards at Computex 2024

At Computex 2024, ASUS recently won multiple awards, including the prestigious Golden Award for the ROG Matrix Platinum GeForce RTX 4090 graphics card, which features liquid metal thermal compound for improved performance. ASUS AirVision M1, a wearable display, received the Best Choice and Best Choice Green Awards for its innovative design, sustainability, and low energy consumption.

Other awarded products include the ASUS ZenScreen Fold OLED, ProArt P16, ROG Ally, and MuseTree software. ASUS showcased these award-winning products at its Computex booth, demonstrating its commitment to innovation, sustainability, and exceptional user experiences.

Kaspersky Safe Kids study reveals trendiest searches by children

A Kaspersky study recently revealed popular children’s interests, including gaming bloggers like SSundee, Aphmau, and KreekCraft, and the meme Gegagedigedagedago. BABYMONSTER surpassed BTS as the preferred music group, while “My Story Animated” topped cartoon searches.

Children showed interest in sports like soccer and football, and the horror game Subliminal gained attention before its release. YouTube remained the most used app, with gaming influencers garnering the largest share of search requests.

MDEC introduces tax incentive scheme for Malaysian Digital companies

Malaysia Digital Economy Corporation (MDEC) recently introduced a tax incentive scheme for Malaysia Digital (MD) companies to bolster the economy and promote environmental sustainability. The scheme offers reduced corporate income tax rates on intellectual property and non-intellectual property incomes, as well as investment tax allowance for capital-intensive services activities. Eligible companies can enjoy tax incentives based on their specified commitments, fostering growth in high value activities and rewarding performance.

The scheme aims to attract global talent and investment in high-growth sectors, create a thriving digital ecosystem, generate high-value jobs, boost R&D activities, and integrate cutting-edge technologies locally. Building on the success of the Multimedia Super Corridor initiative, the new MD tax incentive scheme reinforces the country’s commitment to developing local tech champions and attracting high-value digital investments. As of 30 April 2024, the number of awarded MD companies has surpassed 5,000, underscoring the MD initiative’s pivotal role in fostering digital innovation across diverse industries. Check out their site for more details.

DE-CIX: 5 IT Tips for Malaysian Companies to ensure Business Continuity

IT disruptions can significantly impact Malaysia’s rapidly growing digital economy. IT failures can cause substantial losses, making business continuity planning crucial. Dr. Christoph Dietzel, Head of Global Products and Research at DE-CIX, emphasizes the need to assess IT landscapes and identify key dependencies for effective backup strategies.

Hybrid cloud solutions offer maximum availability and protection, while diversifying IT landscapes and ensuring redundant connectivity enhance resilience. IT service providers play a vital role in supporting backup strategies, particularly for small and medium-sized enterprises. A holistic approach to IT resilience, including regular testing of measures, is essential for Malaysian businesses to thrive in a digital-first world.

Maxis brings back HIPMaX StoryFest for Malaysian Folklore

Maxis and the English Language Teaching Centre (ELTC) of the Ministry of Education Malaysia relaunched the Maxis eKelas HIPMaX StoryFest, an annual English Language theatre and storytelling competition for Malaysian students from Year 4 to Form 5. With over 100,000 registered users, Maxis eKelas offers free after-school digital learning aligned with the Malaysian school syllabus. This year’s theme, “Celebrating Malaysian Folklore,” encourages students to creatively adapt and reenact local folklore stories.

The competition aims to enhance communication skills and promote positive values through fun activities. Maxis conducts live workshops in schools and virtual workshops via the eKelas platform to support students’ participation. The competition is open until July 31, 2024, and participants can win attractive prizes and receive co-curriculum marks or PAJSK credits. Check out their site for more details.

smart Malaysia and University of Wollongong Malaysia collaborate for Student Electric Vehicle Future

smart Malaysia and the University of Wollongong Malaysia recently launched a short video competition called “Electrifying The Future” for university students. The competition aims to inspire creativity and storytelling skills in envisioning the future of electric mobility. Students are invited to submit 2-3 minute videos on how the world would be when electric cars become the norm.

The competition encourages students to apply their learnings and engage in discussions on promoting environmental sustainability. The grand prize winner will receive RM5,000, with prizes for second, third, honorable mention, and social media engagement. Winners and students from the university will have the chance to participate in an internship program with smart Malaysia.

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