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Top 4 threats targeting SMBs in SEA

To meet the changing needs of their customers, it’s essential for this sector to embrace digitalization, albeit most are skipping the cybersecurity part of it.

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Kaspersky foiled almost four-fold malware attacks targeting small and medium businesses (SMBs) in Southeast Asia (SEA) during the first half of the year.

The global cybersecurity company today revealed that its solutions blocked a total of 44,022 malware attacks against SMB employees in the region from January to June 2023, a 364% jump as compared to just 9,482 hits in the same period in 2022.

“SMBs are the backbone of Southeast Asia’s economy. They make up nearly half of the region’s GDP, contribute to 85% of jobs here, and they account for more or less 99% of the businesses in SEA. To meet the changing needs of their customers, it’s essential for this sector to embrace digitalization, albeit most are skipping the cybersecurity part of it,” comments Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.

To help SMBs figure out their cybersecurity plan, Kaspersky shares the most common types of threats this sector faces.

Exploits

The biggest threat to SMBs in the first six months of 2023 were exploits. Malicious and/or unwanted software often infiltrates the victim’s computer through exploits, malicious programs designed to take advantage of vulnerabilities in software. They can run other malware on the system, elevate the attackers’ privileges, cause the target application to crash and so on. They are often able to penetrate the victim’s computer without any action by the user.

Trojans

The second-biggest threat were Trojans. Named after the mythical horse that helped the Greeks infiltrate and defeat Troy, this type of threat is the best-known of them all. It enters the system in disguise and then starts its malicious activity. Depending on its purpose, a Trojan can perform various actions, such as deleting, blocking, modifying or copying data, disrupting the performance of a computer or computer network, and so on.

Backdoors

The third most common threat is backdoors. These are among the most dangerous types of malware as, once they penetrate the victim’s device, they give the cybercriminals remote control. They can install, launch and run programs without the consent or knowledge of the user. Once installed, backdoors can be instructed to send, receive, execute and delete files, harvest confidential data from the computer, log activity, and more.

Not-a-virus

Potentially unwanted applications (PUAs) that can be inadvertently installed on your device are labeled “not-a-virus” by our solutions. Although they are listed among the most widespread threats and can be used by cybercriminals to cause harm, they are not malicious per se. Nonetheless, their behavior is annoying, sometimes even dangerous, and the antivirus alerts users because, despite being legal, they often sneak onto the device without the user realizing.

Cybercriminals attempt to deliver this and other malware and unwanted software to employees’ devices by using any means necessary, such as vulnerability exploitation, phishing emails and fake text messages. Even something totally unrelated to business, such as a YouTube link, may be used to target SMBs, as their employees often use the same devices for work and personal matters.

One of the methods often utilized to hack into employees’ smartphones is so-called “smishing” (a combination of SMS and phishing). The victim receives a link via SMS, WhatsApp, Facebook Messenger, WeChat or some other messaging app. If the user clicks the link, malicious code is uploaded into the system.

“According to our latest cyber-resilience report, in 2022, four in ten employers admitted that a cybersecurity incident would be a major crisis for their business, superseded only by a slump in sales or a natural disaster. A cybersecurity crisis would also be the second most difficult type of crisis to deal with after a dramatic drop in sales if judged by the results of the survey. Cybersecurity is something SMBs in SEA should take seriously, and we are here to help them chart their journey to building a safer business for them and for their customers,” adds Yeo.

Kaspersky experts suggest SMBs to have a comprehensive defensive concept that equips, informs and guides your team in their fight against the most sophisticated and targeted cyberattacks like Kaspersky Extended Detection and Response (XDR) platform.

To know more about Kaspersky’s latest SMB threat report, visit https://securelist.com/smb-threat-report-2023/110097/.

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Tech & Innovation

Store-specific planogram: AI-driven trend that changes retail space planning

Through advanced tech, retail space planning driven by artificial intelligence is now possible. This is in the form of store-specific planograms. RELEX Solutions, a leading supply chain and retail solutions provider, shares its insights on this emerging trend.

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In the retail industry, customer expectations are straightforward: they want to easily find the products they need and enjoy a hassle-free shopping experience. If a store falls short in these aspects, it risks losing its place as a preferred shopping destination for customers. That is precisely why the foundation of a great customer experience lies in effective space planning.

Commonly referred to as a planogram, space planning involves optimizing a store’s layout and product placement to enhance customer experiences and increase sales. Effective strategies include positioning high-demand and seasonal items near the entrance, ensuring accessibility and visibility in key areas, and adapting layouts based on sales data and customer feedback.

In the Philippines, planogram preparation is mainly a manual process, although retailers use digital tools for sales data analysis. However, for larger retailers dealing with extensive data and numerous products, manual adjustments can become overwhelming. 

Through advanced tech, retail space planning driven by artificial intelligence is now possible. This is in the form of store-specific planograms. RELEX Solutions, a leading supply chain and retail solutions provider, shares its insights on this emerging trend.

“A store-specific or local planogram is one designed for a particular store or location.  Unlike a standardized planogram that may be used for multiple stores, a local planogram takes into account the unique characteristics of a specific store, such as its layout, customer demographics, and sales data,” said Donald “DJ” Felbaum, Head of Sales for the Philippines at RELEX Solutions. “It is tailored to the individual needs and conditions of that particular location to optimize product placement and merchandising to drive sales and improve customer service.”

However, it is often seen as challenging and time-consuming due to the anticipation of lengthy, costly, and uncertain implementation projects. For instance, imagine a retailer with 1,000 stores, each needing weekly updates to five planograms. If one planner creates ten planograms daily, it would require an impractical workforce of 100 planners, along with ongoing training. But the integration of AI and machine learning automation can address these challenges. AI-powered automation can help users configure parameters and apply them across thousands of planograms, saving costs and avoiding additional expenses related to inventory adjustments for layout and local consumer preferences.

The benefits of AI-generated local planogram optimization also include precise store shelf configuration and a one-touch replenishment model. This approach, which enables immediate stacking of incoming stock onto display units, facilitates one-way inventory that results in cost reduction by eliminating the need for staff to transport excess stock to back rooms, enhancing the efficient use of available storage space, and reducing restock frequency of fast-selling products. 

Furthermore, AI and machine learning automation usher in interactive, standardized merchandising reports. These insights unveil concealed issues and provide both macro and micro data perspectives, empowering retailers to proactively optimize product placement, fine-tune pricing, and enhance inventory management. 

Store-specific planograms epitomize the future of space retail planning, optimizing product placement, and enhancing customer satisfaction. Harnessing advanced technology in retail, this tailored approach allows retailers to adapt swiftly to market changes, leading to elevated customer experience, improved profitability, and fostering brand loyalty.

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Tech & Innovation

Concrete tips for effective SEO strategy

SEO is now more important than ever. More consumers are using the internet to research and purchase the products and services they require.

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The digital marketing industry is often clouded by myths and misconceptions, particularly when it comes to Search Engine Optimization (SEO). Geek Certified CEO Scott Wilson, SEO presenter with two decades of experience, is here to set the record straight with valuable insights and actionable tips for businesses looking to improve their online presence.

SEO is now more important than ever. More consumers are using the internet to research and purchase the products and services they require. At this very moment in time, someone is searching online, for the products you sell and the services you offer. Will they find you in the jungle we call the internet or connect with one of your many rivals?

Debunking Common SEO Misconceptions

In an industry rife with “snake oil salespeople” and misleading promises, Wilson emphasizes that despite the daily barrage of emails promising to elevate websites to the coveted number one spot for a fee, SEO is not an arcane art shrouded in mystery. Contrary to popular belief, search algorithms from Google and other search engines are not re-written on a daily or even monthly basis. Instead, updates are methodical improvements to refine the process of organizing global information.

Wilson states, “Search rankings among websites are quite stable. We track our customers’ results and their competitors’ monthly, and while there are fluctuations, the overall landscape remains consistent.” Scott’s team’s monitoring of search results over the past 20 years affirms the stability of search rankings when businesses provide an exceptional customer experience.

Truths About SEO: Stability and Quality Over Gimmicks

The core of Wilson’s message is that the quality of the user experience is paramount. Google and other search engines aim to guide users to the most relevant and valuable web pages for their queries. “If you prove to Google by providing an outstanding customer experience, your ranking results will be stable without the need for constant page reinvention,” Wilson advises.

He outlines three pillars essential for maintaining a robust SEO strategy:

1. Substantial Content

Wilson recommends having at least 1500 words of quality content to ensure depth and engagement on your web page.

2. Receiving Links

Just as social media teams request “likes”, Wilson suggests businesses should ask for links from related web pages within their business networks. Search engines treat each link as a vote of confidence.

3. User Interaction

By examining Google Analytics, businesses can ensure that their web pages facilitate interaction. Providing valuable downloadable content, creating smooth e-commerce experiences, and engaging visitors with videos are all strategies to keep users on your page longer.

Real Tips for Real Results

By following these tactics, Wilson promises businesses can achieve higher search engine rankings and attract more qualified leads. “It’s about building a digital space where users can find value and have their needs met effectively,” he explains.

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BizWiz

Micro-entrepreneur ‘hybrid-sells’ with the help of fiber broadband connection

Rogelia Dasco, a Cebu-based homemaker who buys and sells imported goods from the US, does her trade mostly online.

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The post-pandemic environment demands flexibility and adaptability from everyone but most especially entrepreneurs who are slowly recovering from the pandemic slump. One online Facebook seller is employing her business acumen not just in the virtual marketplace but in real life, as she does “hybrid selling” of her consumer goods.

Rogelia Dasco, a Cebu-based homemaker who buys and sells imported goods from the US, does her trade mostly online.

“The items, like lotions and perfumes, are from the US. My sister sends them, I take a picture of them, and I post them on Facebook Marketplace,” she shares.

However, unlike most online sellers, she doesn’t stop in the virtual world; When she gets to her buyer’s address, she then goes house to house in the community. The strategy pays off – she is able to sell out her goods in one afternoon instead of waiting for online sellers to finish off her inventory.

“When someone buys from me, for example, I go to their house but I bring my other items too. After I deliver to the buyer, I go to the neighbors and offer my other goods. Right now, I’m all sold out. The next shipment will come at the end of the month,” Dasco proudly says.

Supporting this diligent hybrid approach is BIDA fiber, the new mass market offering of Converge targeting the lower C and D income classes.

BIDA fiber is the most affordable postpaid broadband plan in the market today, and the cost savings makes a difference for smaller entrepreneurs.

“It’s so affordable and I’m able to save too. My old plan was priced at P 1,299 with an additional P 200 every month so that’s P 1,499. With BIDA, I’m able to save more than P 500,” said Rogelia Dasco.

The reliable connection – that can go up to 35 Mbps – also makes sure Rogelia keeps her ties with her supplier sister strong as every night they call each other through video. Even with a 3-hour video call, her husband watching YouTube videos, and her son playing Mobile Legends with friends at home, Rogelia’s connection never falters.

“I’ve really maximized my connection. It’s really good, even if we all use the internet at the same time,” she added. BIDA fiber is now available in more than 300 cities and municipalities in the Philippines and has more than 40 partner distributors selling the postpaid plan.

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