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Asia’s small and medium businesses are under cyberattack

Good defenses are available for those who stay aware, says Lenovo.

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Small and Medium Businesses (SMBs) play an important role in the economy: according to the Asian Development Bank, SMBs account for an average 97 percent of all enterprises in the Asia Pacific region, meaning that they deserve top priority for protection against cyberattack. 

However, while many SMBs have recently become more aware of digital defense, there remains a considerable gap between the confidence they place in their cybersecurity capabilities and their actual cyber-readiness. Approximately 73 percent of SMBs in the region still don’t have a dedicated cybersecurity team, and only 53 percent have antivirus solutions in place. Yet as more and more SMBs move towards work-from-home arrangements, the need to secure private and confidential data has become increasingly pressing.

1. Awareness and policy make up the first line of defense

There is a common misconception that SMBs are less prone to cyberattacks than larger corporations. The reality is quite the opposite: because of their limited resources, SMBs typically deploy the same personnel to oversee multiple business departments. This leaves their security systems highly susceptible to external attacks. 

Moreover, often new vulnerabilities arise during times of change or transition. The COVID-19 pandemic has accelerated the shift from physical to remote working environments, emboldening a growing ecosystem of attackers who can exploit vulnerabilities caused by unsecured devices and networks.

It is therefore critical for SMB employees to get educated on their businesses’ cybersecurity obligations, policies and procedures. Most importantly, identifying where and how their assets, devices and data points are stored can help avoid unintentional disclosure of confidential information.

2. Take advantage of publicly available resources 

Regular audits can help SMBs understand the level of protection they need, from policies that govern workflow, to protocols that ensure data security. Thankfully, there are a plethora of public resources available to ease this process. 

Republic Act No. 6977, otherwise known as the “Magna Carta for Micro, Small and Medium Enterprises (MSMEs)”, recognizes that MSMEs have the potential for more employment generation and economic growth and therefore can help provide a self-sufficient industrial foundation for the country. As such, the State shall support the MSMEs by providing programs for training in entrepreneurship and for skills development for labor; granting access to sources of funds; assuring them to a fair share of government contracts; complementing financing programs; instituting safeguards for the protection and stability of the credit delivery system; raising government efficiency and effectiveness in providing assistance; promoting linkages between large and small enterprises; making the private sector a partner in the task of building up MSMEs through the promotion and participation of private voluntary organizations, viable industry associations, and cooperatives; and assuring a balanced and sustainable development through the establishment of a feedback and evaluation mechanism that will monitor the economic contributions of the development of MSMEs.”

3. Look for simple, customized solutions that don’t strain the budget

Unlike larger businesses, SMBs do not have the flexibility to deploy large project funds for cybersecurity, as this may come at the cost of other key functions of their business. 

By unifying their security technologies and sticking to fewer tools, SMBs can more quickly identify areas for orchestration and streamline cybersecurity processes. 

Lenovo’s subscription and “as-a-service” models, for instance, offer SMBs flexibility and cost-efficiency without adding unnecessary headcount. 

4. Be vigilant against the increasing prevalence of supply chain-based attacks 

Many SMBs collaborate with larger organizations. These partnerships, however, can also lead to unintended cybersecurity consequences. 

As contractors or vendors, SMBs cultivate a shared identity with and form a part of the supply chain of these organizations. In these scenarios, businesses expect regular security assessments and onboarding due diligence to be carried out by the enterprise in question. This abuse of trust between two systems, whether intentional or unintentional, is what cyber criminals take advantage of, giving rise to supply chain-based attacks. 

Enterprises have started to make wholesale changes to their vetting approach as a result. Some are implementing a zero-trust network architecture, wherein vendors must prove they have met organizational compliance policies. Furthermore, an increasing onus is being placed on SMBs to abide by cybersecurity requirements that corporations are writing into contractor agreements.

5. Seek help from industry leaders 

Remote and hybrid work can put SMBs at risk with an ill-equipped IT security workforce. With the bulk of time focused on growing their core business, SMBs often lack time to research new and emerging security threats. This results in an over-reliance on outdated and inefficient technologies to identify breaches. 

To counter this, SMBs can seek out partnerships with industry leaders and subject matter experts like Lenovo. They utilize a consultative approach to understand pain points and apply use cases to identify critical workflows that require robust infrastructure. In short, engaging the services of these experts can help SMBs “protect, detect, respond and recover.”

SMBs are the backbone of Asia’s economy – a backbone that deserves to be protected even as the world transforms.

BizNews

Should celebrities and influencers turn off their social media comments? Study suggests they are less persuasive, likable when they do

Celebrities and influencers like Addison Rae, Hailey Bieber, Justin Timberlake, and even Oprah have, on various occasions, disabled access to their social media comments in response to negative sentiment. Is this misguided?

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Researchers from University of Alabama and Vanderbilt University published a new Journal of Marketing study that examines the negative consequences that celebrities and influences incur when they disable social media comments.

The study, forthcoming in the Journal of Marketing, is titled “No Comments (From You): Understanding the Interpersonal and Professional Consequences of Disabling Social Media Comments” and is authored by Michelle Daniels and Freeman Wu.

Celebrities and influencers like Addison Rae, Hailey Bieber, Justin Timberlake, and even Oprah have, on various occasions, disabled access to their social media comments in response to negative sentiment. Is this misguided?

The answer is yes, according to new research published in the Journal of Marketing. The study finds that influencers who disable social media comments are less persuasive and less likable than those who do not, even when the displayed comments are mostly negative in their content.

Celebrities and influencers are more than just public figures in today’s digital age. They often serve as a bridge connecting brands and consumers by integrating their personal narratives into sponsored brand content. Despite their popularity, influencers receive plenty of criticism and they often disable comments on social media as a first line of defense against negative feedback. However, this behavior can negatively impact how consumers judge influencers and respond to their promotional content.

Online influencers have the ability to interact with their followers in a relatively intimate and informal manner, which makes them seem sincere and approachable. Such positive assessments are often a product of how influencers engage with their viewers or followers, including directly addressing them in their posts and treating them more as friends than as consumers. While these behaviors can dramatically increase consumer engagement, this level of approachability can also come at a cost.

As consumers become accustomed to influencers’ accessibility, they may feel emboldened to share feedback that is critical. The constant stream of followers’ feedback can be overwhelming and even detrimental to influencers’ mental health. As a result, many influencers have chosen to turn off their comment sections at various points, likely to avoid unwanted feedback. This research reveals the negative downstream consequences of this seemingly well-intentioned behavior.

The Cost of Disengagement

As Daniels explains, “we discover that when influencers disable comments, they are perceived as less receptive to consumer feedback, or what we term ‘consumer voice.’ Consequently, they are judged as less sincere and ultimately incur both interpersonal and professional consequences. In other words, disabling comments can undermine a key influencer asset, their perceived receptiveness to consumer voice and their ability to connect and engage with their followers.”

In fact, turning off comments is more costly for an influencer’s reputation than leaving them on, even when the displayed comments are mostly negative in nature, like those you might find flooding an apology post. This effect occurs because influencers who leave their comments enabled appear to be interested in hearing from the public and learning from their actions while those who turn them off signal their dismissiveness of others’ opinions.

Under certain situations, consumers understand an influencer’s decision to disable comments. If, for example, an influencer is perceived as taking reasonable measures to protect themselves during times of emotional turmoil and distress (e.g., grief and mental health struggles), the backlash against disabling comments is weakened. “However, it is critical to note that it is consumers, rather than the influencers, who decide what are considered reasonable forms of self-protection,” says Wu. So, while consumers might empathize with an influencer’s decision to disable comments if their beloved pet had recently died, they may be less empathetic to influencers who disable comments to avoid negative feedback after apologizing for a transgression.

Lessons for Influencers and Brands

These findings highlight the importance of understanding the delicate balance between establishing personal boundaries and managing audience expectations. While it is necessary for influencers to protect their mental health, how they decide to communicate this desire and manage their social media interactions play a significant role in shaping relationships with their viewership.

Global spending on influencer marketing campaigns reached $34.1 billion in 2023 and is projected to surpass $47.8 billion by the end of 2027. Therefore, seemingly innocuous online activities could have important professional ramifications for influencers’ brand partnerships. The decision to disable social media comments can reduce influencer persuasiveness, which emphasizes the importance of ensuring communication between brands and influencers to optimize their strategic partnerships. The study encourages thoughtful consideration of how best to manage one’s online interactions and highlights the need to clearly communicate a legitimate reason for disabling comments to avoid sending the wrong signals to viewers.

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BizNews

PLDT Global and DMW boosts biz of online rice cake vendor

 PLDT Global’s partnership with the DMW to help ensure the well-being of OFWs and their families is a fundamental part of the much broader PLDT commitment to serve and lift the quality of life of Filipinos everywhere.

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For 37-year-old Caviteña Annalyn Fernan, selling suman (rice cake) and other native delicacies online is her lifeline and way forward. The beneficiary of an overseas Filipino worker in Saudi Arabia who passed away last year, Fernan now has the sole responsibility of earning to support the needs of her family.

During the pandemic, Fernan’s senior mother thought of starting their suman business, which continues to do well even today. To boost their sales, Fernan uses her phone and the internet to market their products on social media and receive more orders online.

 “We get orders from our community, and we even receive orders from other OFWs overseas who see my posts online,” she shared. “That’s why having a reliable internet connection is important to me.”

 A mother of two, Fernan also devotes her time to growing her loading and bills payment business, which was part of the OFW Family Livelihood Program jointly awarded by the Department of Migrant Workers (DMW) and PLDT Global Corporation (PLDT Global) earlier this year. The livelihood program also awarded Fernan a Smart Ka-Partner retailer package, including a smartphone and marketing materials and signages to help her increase her sales.

“The money I earn from the business helps us in our daily needs, that’s why I’m grateful,” she said. “To PLDT Global, I am thankful that they are partners with the DMW and they are able to help make our lives easier.”

Fernan was also visited by the DMW and PLDT Global, led by DMW Assistant Secretary for Reintegration Venecio V. Legaspi (third from the right) and PLDT Global Vice President for Strategic Partnerships Jojo Quiamas (third from the left), deeply moving the entrepreneur.

 She also expressed her thanks to the DMW. “They stayed with us until the very end. In fact, they are still here to assist, support, and visit us. I hope they will be able to help more OFW families like us,” Fernan shared emotionally.

 “This is a testament to our commitment to helping not only OFWs, but their families as well by supporting and empowering them through various programs with our partners like PLDT Global,” said DMW Secretary Hans Cacdac.  

 Aside from the livelihood program, PLDT Global also held digital literacy programs for OFWs. Just last year, with the help of the PLDT-Smart Foundation and other partners in the organization, PLDT Global provided upskilling grants, gadgets, and training for cacao farming to reintegrated OFWs. They also gave LearnSmart kits to the children of an OFW in Qatar.

 “We hope that through the unified efforts of PLDT Global and the DMW we can continue to uplift the lives of Filipinos and help them realize their fullest potential,” said Albert V. Villa-Real, President and CEO at PLDT Global.

PLDT Global continues to bridge the digital gap by bringing digital services to Filipinos around the world through products and services, particularly through TINBO — the one-stop marketplace that enables Filipinos living overseas to buy load, pay bills, send food vouchers, e-gifts, healthcare PINs from mWell, and even gaming PINs for their families in the Philippines. Through TINBO, OFWs can also acquire a Smart virtual number (SVN), enabling them to receive important OTPs from their e-wallets and e-banks in the Philippines. TINBO also provides overseas Filipinos access to a convenient and secured online bills payment platform for their Philippine utilities, and other digital services while outside the Philippines.

 PLDT Global’s partnership with the DMW to help ensure the well-being of OFWs and their families is a fundamental part of the much broader PLDT commitment to serve and lift the quality of life of Filipinos everywhere.

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BizNews

Smartphones negatively impact charitable giving, revealing need for nonprofits to adapt messaging

Donating requires people to focus on and empathize with others, but that can be sabotaged by smartphones inducing self-focus.

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Charities seeking opportunities for growth have experienced a recent surge in online giving, growing by 42 percent since 2019, according to the most recent Charitable Giving Report from the Blackbaud Institute.

Mobile giving, in particular, has gained popularity, with 28 percent of all online contributions coming from smartphones in 2021 — a percentage that has more than tripled since 2014.

Not all online giving is equal, however. New research from the University of Notre Dame reveals a “mobile giving gap,” which demonstrates that consumers are less likely to donate to charities when using smartphones than when using PCs.

The mobile giving gap: The negative impact of smartphones on donation behavior,” recently published online by the Journal of Consumer Psychology, was authored by Kristen Ferguson, assistant professor of marketing at Notre Dame’s Mendoza College of Business, along with Stefan Hock and Kelly Herd from the University of Connecticut.

Charities have long recognized the benefits of appealing to consumers in a variety of ways, including door-to-door, direct mailers, personal phone calls and, more recently, through virtual reality. Because of the major differences in these methods, charities often adapt their appeals to align with the solicitation style.

The study shows the need to further fine-tune their strategies.

“Although charities are willing to adapt their appeals to these different channels, they have not yet recognized the importance of adapting their online appeals across device types,” Ferguson said.

Organizations typically use identical appeals across device types, according to a review of the donation pages of the Forbes Top 100 Charities.

Previous research identified a “mobile mindset,” recognizing that consumers process information and behave differently on their smartphones than when on their laptops or desktop computers.

This study looks more closely at this phenomenon, in part through a collaboration with German charity Aktion Deutschland Hilft, an alliance of German humanitarian aid agencies.

“Our research describes critical attributes of a mobile mindset, in which consumers are more self-focused and less ‘other-focused’ on their smartphones than on their PCs,” Ferguson said. “This is because they constantly have their smartphones with them and view the devices as a part of the self, so are more likely to think about themselves rather than others when using them.”

Donating requires people to focus on and empathize with others, but that can be sabotaged by smartphones inducing self-focus.

“Charities would be best served by working to induce other-focus for smartphone users,” Ferguson said. “Specifically, those appeals would highlight the fact that the main beneficiary of support is another individual or group.”

An ad highlighting others may specify that the donor can “help those less fortunate,” “help make the community a better place for everyone” or “imagine how your donation will enhance the lives of those affected by cancer.”

“When donation appeals explicitly highlight the needs of others, people using smartphones will become less focused on their own and more conscious of others’ needs, which will dissipate the mobile giving gap,” Ferguson said.

Companies, including many nonprofits, spend more than $224 billion annually on Google Ads, according to Statista. In fact, highlighting the value of this platform for nonprofits, Google Ads offers eligible nonprofits $120,000 of free Google ads per year. Since 2003, the Google Ads Grants program has provided $10 billion in free advertising to more than 115,000 nonprofits across 51 countries, according to Nonprofits Source.

Charities can better leverage this opportunity by developing ads that directly target consumers on either smartphones or PCs.

Although mobile giving may appear to be on the rise, the uptick is likely driven by increases in overall smartphone ownership, the researchers said. This study suggests charities are leaving money on the table by using a one-size-fits-all strategy for all forms of online giving.

“Charities see value in measuring mobile giving as a separate category of online giving, but they still don’t see the importance of adapting their donation appeals across device types,” Ferguson said. “Our work shows why and how to change that.”

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