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first_imgThe breach comes at a time when e-commerce has become an essential need as people opt for online shopping during the COVID-19 pandemic. New sellers on Tokopedia, particularly in the personal health category, have seen a 250 percent surge, while business research and consultancy firm Inventure Indonesia categorizes e-commerce as one of the few sectors to benefit from social distancing. A recent data breach jeopardizing more than 15 million user accounts of Indonesian unicorn Tokopedia has exposed the vulnerability of personal data on digital platforms as Indonesians increasingly turn to e-commerce to meet their needs from home.The cybersecurity research collective Under the Breach told The Jakarta Post in an e-mail correspondence that large companies such as Tokopedia were at a disadvantage by having a lot of employees with access to the companies’ internal systems.“Hackers often use social engineering tactics to send phishing emails to employees, which in return allows them access to different systems inside the company,” the e-mail reads. Furthermore, big companies usually rely heavily on third party companies’ products that integrate with their systems, which means the third parties have access to the company’s internal and sensitive systems further exposing it to the risk of hacking.The collective first reported the massive data leak on its official Twitter page @underthebreach on May 2. It also revealed that data on 91 million Tokopedia users was allegedly being sold online for US$5,000.center_img Communication & Information System Security Research Center (CISSReC) chairman Pratama Persadha said the incident would cause concern among consumers shopping in online marketplaces, especially those which held payment data such as credit and debit card information.“It’s possible that other e-commerce platforms have been hacked too,” he said referring to the 2015 Bukalapak data breach. “It’s just that Tokopedia’s hackers opted to publicize and sell the data to the public while others might have asked for money directly from the company.”Read also: Small businesses resort to online channels to survive pandemicThe Hacker-Powered Security Report 2019 published by bug bounty platform HackerOne suggests that data leaks among retail and e-commerce platforms are happening more frequently than is recognized as more than two-thirds of all retailers consider cybercrime their top security issue.Meanwhile, recent research by security firm Kaspersky shows that identifiable personal information such as name and age are the type of data most often targeted by cybercriminals. Once hit by a cyberattack, 29 percent of the targeted companies said that they had difficulties attracting new customers.Read also: Hacking against corporations surges as workers take computers homeInstitute for Policy Research and Advocacy (ELSAM) said Tokopedia as a digital platform and data holder must notify its users, especially those whose data were breached, in accordance with Government Regulation (PP) No. 71/2019.Communication and Information Ministerial Regulation No. 20/2016 allows for a notification process of up to 14 days, whereas the personal data protection bill would require it to be done within three days.“Unfortunately, although [the data leak] happened a few days ago, there has still not been any written notification from the platform provider to its consumers as personal data owners,” ELSAM wrote in an official press statement.Indonesia has yet to have its own version of the European Union’s General Data Protection Regulation (GDPR) as deliberations have stalled since the government submitted the draft bill to the House of Representatives in January.Read also: Data protection bill: House, activists warn of abuse of powerTokopedia held a meeting on Monday with Communications and Information Minister Johnny G. Plate and the National Cyber and Encryption Agency (BSSN), after which the minister said financial and user data were “safe”.“Tokopedia has explained that user accounts and financial data are safe. It was conveyed [during the meeting that Tokopedia’s] security system cannot be breached, although data relating to names, emails and telephone numbers may have partly been accessed by hackers,” Johnny said after the meeting. “Tokopedia is conducting an in-depth evaluation.”Tokopedia spokesperson Nuraini Razak stressed that users should change their passwords periodically to prevent further data breaches and phishing.Indonesia E-Commerce Association (idEA) chairman Ignatius Untung said that people should not be worried about using e-commerce sites as each platform would try to improve security regardless of whether a data breach has happened.He went on to say that every platform that has experienced data leakage must be regarded as a victim rather than the perpetrator as he believed no e-commerce platform would intentionally create a faulty security system so that data could be leaked.Read also: E-commerce dominates in 2019 with Tokopedia topping the list“It is unfortunate that the platform is often considered as the only party responsible in cases of a data breach,” he said. “While the hackers are often spared from scrutiny, even though they are the culprits.”The term “hacker” often has negative connotations associated with criminality. However, there has been a growing trend of good bug bounty hackers whose job it is to detect companies’ privacy gaps and report them to be fixed.“Bug bounties are getting more popular in the cybersecurity industry and they go hand-in-hand with penetration testing as a form of defense-in-depth solution,” said Singapore-based HackerOne hacker Samuel Eng.According to HackOne data, in the past year, the retail and e-commerce industry saw a 23 percent growth in hacker-powered security programs but it still only accounted for 4 percent of all hacker-powered security programs.Topics :last_img read more

first_imgRailpen, Standard Life/Aberdeen, Franklin Templeton, CDC, FRR, Foreningen NLP, Westerbrink, Folksam Liv, AMNT, SFAMA, Northern Trust, AXA IM, FRC, La Francaise, FCA, AGH, Aon HewittRailways Pension Scheme (Railpen) – The multi-employer scheme for the UK’s railways industry has named Leo George as head of sustainable ownership, replacing Deborah Gilshan who will leave to join Standard Life at the end of March. George joined the pension scheme in 2009, and has overseen asset allocation for pooled funds, thematic investment research, and investment strategy. In his new role he will be responsible for “integrating sustainable ownership considerations” for public and private market investments, Railpen said. Railpen also plans to hire an additional “senior governance professional” to its sustainable ownership team.Standard Life/Aberdeen – The two asset managers, who announced a merger on 6 March, have moved to clarify how their respective chief executives will co-operate when they begin sharing the role post-merger. It followed questions raised in the media coverage of the deal about whether Martin Gilbert, CEO of Aberdeen, and Keith Skeoch, CEO of Standard Life, can successfully work together as co-CEOs.According to a statement released by the companies, Skeoch will be responsible for the day-to-day running of the combined business, including its investment, pensions, and savings businesses. He will also oversee insurance joint ventures in India and China, as well as operations, finance, human resources, “risk and regulatory culture”, legal, and secretariat functions. Gilbert’s responsibilities will include “international activities, distribution including client engagement and business development, marketing, and corporate development”, the companies’ statement said. The pair will share responsibilities as members of the executive committee, developing strategy and objectives, and monitoring performance.Franklin Templeton – Mark Mobius, veteran emerging markets investor and executive chairman of Templeton Emerging Markets Group, is to step down as named manager on 12 of the US-based asset manager’s suite of funds in the next two months. The group said the move was part of the “ongoing evolution” of the company. Most of the fund managers taking on official responsibilities have been the lead decision makers on the funds for some time.Caisse des Dépots et Consignations (CDC) – The pension division of the French state-owned investment group has made two new hires. Anne-Laure Genty will be joining as senior specialist for sustainability, leaving a role in the French environment ministry. François Tirmarche, meanwhile, will join as deputy to Caroline Le Meaux, head of delegated management at CDC. Tirmarche is currently fixed income director at Fonds de Réserve pour les Retraites (FRR), the French pension reserve fund.LD/Foreningen NLP – Lars Wallberg, finance director at Denmark’s LD pension fund, has been hired by Foreningen NLP (NLP Association) – a fund which owns 25% of Nordea Life & Pension – as its new chief executive. Wallberg will take up the post on 1 June. He has been in his current job at LD since 2011, and was previously CFO at LD and finance director at Sampension. Wallberg will be responsible for managing the association’s assets of more than DKK8bn (€1bn) for its members and charitable activities, as well as building up the association’s secretariat.Westerbrink – Pensions lawyer Hans van Meerten is to join pensions consultancy Westerbrink as partner in April. At Westerbrink, Van Meerten is to focus on national and international individual defined contribution. At year-end, Van Meerten left law firm Clifford Chance, where he had worked since 2011. Van Meerten said that he would also keep on being active for law firm Coupry, and that he will also stay on as professor for international pension law at Utrecht University.Folksam Liv – Lars Ericsson, chief executive of the Stockholm Consumer Cooperative Society (Konsumentföreningen Stockholms), has been proposed as the new chairman of the board of Folksam Liv. Nominations will be voted on at the company’s AGM on 20 April.Association for Member Nominated Trustees (AMNT) – Leanne Clements has been appointed “Red Line Voting” campaign manager, effective from April. Clements was previously the responsible investment manager at the Pension Protection Fund (PPF). She resigned from her role at the PPF last autumn. Clements will support the adoption and implementation of the Red Line Voting policies, a set of voting instructions covering a range of environmental, social and governance issues.SFAMA – The Swiss asset management association has a new board member: André Bantli, managing director, head of retail-wholesale business for Switzerland, the Middle East and Africa at BlackRock in Switzerland. Bantli is also a member of BlackRock Switzerland’s executive committee.Northern Trust – The service provider has made a number of changes to senior roles in its institutional business. Penelope Biggs is now chief strategy officer for corporate and institutional services, alongside leading the group’s global marketing. Toby Glaysher has been named head of global fund services international, and Clive Bellows takes the same role for Europe, the Middle East, and Africa. Jon Dunham is now head of global sales, having previously led the sales team in the Americas, and Robert Frazer has transferred from leading Northern Trust’s UK pensions business to country head for the Middle East.AXA Investment Managers (AXA IM) – Andrew Douglas has joined as an associate director to the asset manager’s UK institutional sales team, focusing on insurance clients. He joins from BMO Global Asset Management where he was a senior sales associate.Financial Reporting Council (FRC) – Paul Cox, an adviser to the National Employment Savings Trust, has joined the auditing watchdog’s audit and assurance council, along with Olivier Beroud, a consultant and former head of Moody’s in Europe.La Francaise – Kay Scherf has been hired to lead the asset manager’s sales team in Germany. He previously worked for AXA Investment Managers for 10 years, latterly as director of wholesale. Prior to AXA IM, he was a trader and portfolio manager at JP Morgan Asset Management. At La Francaise, Scherf will help expand on what the company sees as “considerable growth opportunities” in the German market, particularly for fixed income.Financial Conduct Authority (FCA) – Nick Stace has been appointed non-executive director to the board of the UK regulator for a three-year term from 1 April. He is currently chief executive of the Royal College of Veterinary Surgeons, but has held senior roles at several consumer groups, including Which? in the UK and Choice in Australia.AGH – Pensions provider Administratie Groep Holland has appointed Peter Krul in the newly created position of director for operational affairs. He will become responsible for ICT as well as investments and integral risk management. Krul joined from the €18bn provider and asset manager SPF Beheer, where his roles included head of automation, operational director, and ICT director during 10 years at the company. AGH has extended its business after taking on the industry-wide schemes for butchers (Slagersbedrijf) and millers (Molenaars) as new clients.Aon Hewitt – The consultancy firm has named Marlon Sahetapy as principal consultant in a new position at its global retirement and investment practice. He will be tasked with extending the company’s position in the fiduciary market in the Netherlands. Sahetapy has been an independent consultant for the past four years, serving asset managers and pension funds on business and product development, focusing on non-listed investments.last_img read more

first_imgThe Chess Pro Tour will entering a crucial stage with the commencement of the Masters’ Series that is, (Battle of the Titans) event between FIDE Master Olufemi Balogun and International Master Oladapo Adu.The much-anticipated event comes up at Orchid Hotels and Event Centre Lekki on May 12, 2018.Chess pundits are already looking forward to the clash that is mostly seen as a clash between new order and the old horse and many are of the opinion that Balogun, who made his debut at the World Chess Olympiad in Istanbul 2012 looks set to upstage Adu in the match. FM Olufemi Balogun with a elo rating of 2255 FIDE rating is a Chess Pro Tour Card holder and highest ranked on the Pro Tour ranking is the only African or Nigerian to have play against a current World Chess champion, Magnus Carlson of Norway.Balogun lost the much anticipated encounter in the double colour in a reversed fixture match during the 2017 FIDE World Cup IN AzerbaijanOn the other hand, IM Oladapo Adu, with a 2273 FIDE rating and former national champion and he is a proponent of famous Sicilian opening who became the Nigerian national champion in 1995. In 2015, Adu qualified for the Chess World Cup 2015, being knocked out in the first round by Veselin Topalov.The Pro Chess Tour is an elite program developed to transform chess into a professional sport in Africa especially Nigeria. The tour comprises of the following circuit of events; Q-SCHOOL, OPEN CHESS CLASSICS (OCC), Premiere League, Masters’ Series, Grand SlamShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

first_imgSUNDAY, APRIL 14 FRIDAY, APRIL 126:00 pm           BP Quality Citizen Award Reception                                                BP HS CommonsCarnival (6pm-11pm)                                                              5th & Logan8:30 pm           Movie Under the StarsSATURDAY, APRIL 136:00 am           Check In for Vendors Fair begins                                          5th &Main7:00 am           Masons Pancake Feed (7am-2pm)                                          Legion Building9:00 am           Outside Vendors Fair (9am-5pm)                                           5th & MerchantInside Vendors (9am – 5pm)                                                  6th & MerchantFood Court                                                                             5th & MerchantCar Show Check-In                                                                6th & MerchantChamber Information & Retail Sales Booth                           5th & MerchantHistorical Museum                                                                  5th & Merchant 3:30 pm           Car Show Awards                                                                  6th & Merchant4:00 pm           FCA / Kade Owens                                                                Downtown StageCheck in for River Valley Rally                                             4th & Main Noon               2013 TULIP TIME ParadeFun Cycles (12pm-5pm)                                                         6th & Merchant 10:00 am         Bartlett Arboretum (10am6pm)                                              4th & LinePet Show/Contest                                                                   Downtown StageCarnival (10am-11pm)                                                            5th & LoganCar Show (10am-4pm)                                                            6th & Merchant10:30 am         Duke & Duchess 2013 Crowning                                           Downtown Stage11:00 am         Check-in & Line-up for Parade                                              10th & Main11:30 am         Parade Floats Judging                                                             10th & MainDecorated Bicycle Contest                                                     10th & Merchant 1:00 pm           Car Show entry booth closesTwisted                                                                                   Downtown Stage2:00 pm           Bailey Wilton                                                                          Downtown StageCar Show People’s Choice Ballots Due3:00 pm           Neighborhood Riot                                                                 Downtown Stage 9:30 am           BPES 4th Grade Sing Team                                                    Downtown Stage9:45 am           OPENING CEREMONIES                                                   Downtown StageNational Anthem & Flag Ceremony by Scout Troop 361Welcome by Julie Gooch, Chamber PresidentPresentation to T-Shirt Design Winner (Sebastien Brown)Presentation to Button/Postcard Design Winner (Olivia Friend)Presentation to Print Design Winner (Cindy Roper)Presentation of #1 Print to City Library 5:00 pm           River Valley Rally begins                                                       4th & Main5:30 pm           River Valley Rally Trophy Presentation                                 Downtown Stage 9:00 am           Outside Vendors Fair (9am-5pm)                                           5th & MerchantInside Vendors (9am – 5pm)                                                  6th & MerchantFood Court                                                                             5th & MerchantLions Club Health Screening Van (9am-5pm)                        S. Merchant10:30 am         Community Worship Service                                                  Downtown stageNoon               Jazz for Jesus                                                                          Downtown StageFun Cycles (12pm-5pm)                                                         6th & Merchant 4:30 pm           Kansas Kountree Kloggers                                                     Downtown Stage 12:30 pm         Talent Show Winners                                                              Downtown Stage 7:00 am           Masons Pancake Feed (7am-2pm)                                          Legion Building 6:00 pm           Talent Show                                                                            Downtown Stage8:30 pm           Classic Rock Street DancefeaturingPoultry n’ Motion                                                        Downtown Stage by Tracy McCue, Sumner Newscow — The following is a list of events occurring in Sumner County this weekend, including the annual Tulip Time in Belle Plaine. Friday, April 12•Tulip Time  (see schedule below)•Futures Unlimited Child Check– Developmental screening for ages 0-5. Call 620-326-8906 x 245 for an appointment.Saturday, April 13•Tulip Time  (see schedule below)•Sicily’s Run– 8 a.m. for the 5k and 9 a.m. for the 1/2 mile fun run. Sign up at www.sicilysrun.com, and you can enter for the run on Enter2Run.com.•Trigger Guard Steel Challenge– Registration opens at 9:30 a.m. match begins at 10 a.m.  Everyone is welcome to come and shoot or just watch the match.•Pics with your Pet Fundraiser– 1 to 4 p.m. – Slate Creek Books-See flyer for more information•Spring Fling Dance– 8pm-10pm-WRCSunday, April 14th •TriggerGuard Concealed Carry Class-Cost is only $75.00! To register go to http://www.triggerguardonline.com/Online_Registration.htmlTULIP TIME SCHEDULE:Tulip Time 2013 Event ScheduleNot final / incomplete / subject to changeTHURSDAY, APRIL 11- SUNDAY, APRIL 146:00 pm           Carnival – Pay One Price Wristband Session (6pm-10pm)    5th & Logan 1:00 pm           Diversity                                                                                 Downtown Stagelast_img read more