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Tech News

15-09-2017
Innovation and Technology Venture Fund

The Government has launched the Innovation and Technology Venture Fund on 15-09-2017. It is now open for application by venture capital funds to become co-investment partners (Deadline: 15-01-2018). A briefing session will be held on 03-10-2017 at the Hong Kong Science Park. Interested venture capital funds are welcome to attend.

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17-08-2018
Indian government think tank partners to advance its national distributed computing infrastructure

The National Institution for Transforming India (NITI Aayog), the premier policy think tank for the Indian Government, has announced its commitment to partner with Perlin Network to progress the development of artificial intelligence using distributed computing infrastructure in India and to develop the concept of an “India cloud” based on distributed computing resources. The collaboration will initially focus on machine learning and multi-party computation, with the goal of establishing and promoting distributed computing markets for these rapidly-growing sectors throughout India.Under the partnership, NITI Aayog and Perlin will work together to conduct joint research, facilitate industry and government interactions, exchange valuable learnings, and organize local forums. In particular, NITI Aayog and Perlin will jointly conduct a hackathon to explore other use cases for distributing computing on the Perlin Network. Moreover, Perlin will bring partners who can supply computing power from unused smartphones and computers based in India to its network in order to create a domestic, decentralized cloud infrastructure. The nationwide scale and depth of technical expertise encompassed by the collaboration is expected to result in substantial benefits across the respective networks of both NITI Aayog and Perlin.“It is well known that India has a vast available pool of technical expertise and skill at its disposal. Less well known is that it also has a vast pool of underutilized computing resources in the form of smartphones and laptops, which remain idle while we sleep. Our aim is to tap both these resources, and leverage recent advances in artificial intelligence, to empower all our local developers and tech entrepreneurs to position themselves as global leaders,” explained Amitabh Kant, CEO of Niti Aayog. “Partnering with Perlin will provide us access to technology at the very forefront of innovation in AI, Machine Learning, distributed computing and blockchain technology.”Perlin has committed to helping the Indian Government realize its grand ambition for India’s AI future and the more efficient utilization of its rapidly-growing national computing infrastructure. A special focus will be on AI methods such as multi-party computation, which will protect individuals’ data while training predictive models. Perlin has also committed to providing support for greater developer community engagement with assistance running hackathon events, workshops and meetups to promote cutting-edge distributed computing technology.“Perlin’s vision is to empower communities around the world who are hungry for new opportunities to help them rise above their existing socio-economic situations,” said Dorjee Sun, Project Lead for Perlin. “We believe the distributed computing technology we’re pioneering will help absolutely anyone anywhere to participate and thrive in the new economy blockchain technologies like ours are facilitating globally.”An indicative roadmap for the partnership will see developments rolled out over the next 12 months, with the Perlin’s Testnet scheduled to be released in September this year.

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17-08-2018
(ISC)2: Local infosec pros should embrace lifelong education

At the recent (ISC2) Security Congress APAC 2018 held in Hong Kong, cybersecurity professionals are advised to keep their skills fresh

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17-08-2018
Hack mobile point-of-sale systems? Researchers count the ways

Security researchers uncovered widespread vulnerabilities in mobile point-of-sale readers offered by Square, SumUp, PayPal and iZettle

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17-08-2018
OPINION: The Evolving Threat of Account Takeover

The same technologies and trends that are fuelling today’s digital revolution also make it easier than ever for cybercriminals to monetize stolen data at a global scale.

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17-08-2018
HK information security spend to reach HK$3.5b this year

Gartner expects Hong Kong's information security market to grow by double digits for each of the next two years, driven by the need to protect sensitive data

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16-08-2018
China Mobile, China Taiping sign extended partnership

China Mobile HK will work with subsidiaries of China Taiping Insurance Group on initiatives spanning areas including fintech, AI and healthcare

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16-08-2018
Foreshadow attacks Intel CPUs with Spectre-like tactics

Intel has disclosed a new flaw in its newer CPUs, but you should be safe if you've already patched against Spectre

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16-08-2018
Oracle offers GraphPipe spec for machine learning data transmission

Oracle's GraphPipe is intended to bring the efficiency of a binary, memory-mapped format while being simple and light on dependencies

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16-08-2018
DHL launches dedicated "cold chain" warehouse to support Indonesia's expanding life sciences industry

A new temperature-controlled bonded warehouse has been launched in Jakarta by DHL Global Forwarding, an international provider of air, sea and road freight services, with the intention to help Indonesia's life sciences industry optimize their supply chains ahead of rapid projected growth. The facility is built with first grade Mills Test certified materials from PT.NS BlueScope Indonesia, a subsidiary of leading international steelmaker BlueScope Steel. Additionally, cooling technology which is certified by the Indonesian Agency for Meteorology, Climatology, and Geophysics for best-practice temperature control will give manufacturers and distributors a storage environment of 2-8 degrees Celsius. The DHL Bonded Warehouse will provide life sciences and healthcare customers a range of services designed to speed up and streamline movements of sensitive cargo. This includes in-house customs clearance even after the standard 4pm cut-off time, and automatic SMS notifications designed to speed up onsite DHL teams' response to critical shipment events. "Indonesia's pharmaceutical market is projected to grow by 10% per annum to be worth more than US$12 billion by 2022, driven largely by growth in the domestic market for generic drugs and increasingly accessible healthcare country-wide. This creates significant opportunities for both multinational and domestic life sciences operators to scale up their operations," said Vincent Yong, President Director, DHL Global Forwarding Indonesia. "This new bonded warehouse is our latest investment in the logistics infrastructure needed to fully capitalize on those opportunities while boosting the quality of medicines, devices, and other medical goods that Indonesia's people have access to." DHL Global Forwarding already plans to roll out additional value-added services to further reduce shipment time and labor requirements, including final-mile delivery, packaging and end-to-end supply chain solutions.

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16-08-2018
Car Club drives towards the modern workplace

Due to land constraints and competing needs, the Singapore government revealed its vision last year for the shift towards a 'car-lite' society with a reduced reliance on car-ownership.This gives car-sharing companies an unprecedented opportunity for growth and pushes them to shift gears, turning towards new technologies to offer even better mobility solutions to customers.Car Club has been Singapore’s largest and most established car-sharing operator since 1997, focused on its core objective to converge social and technological trends to provide the urban community with convenient and cost-effective access to private vehicles – without the high costs of vehicle ownership.After more than 20 years in the market, the company has grown to more than 110 stations and 270 cars.“We’re extremely customer-centric and we’re constantly evolving our business model to better meet the needs of the changing landscape. We started out with manual processes that supported a mere 10 to 20 car stations in the early 2000s. As we scaled our business, we’ve grown to amass approximately 112 stations with 270 cars. Thus, it is extremely important for us to leverage upon the latest technology to create more touch points with our customers and to improve our process efficiencies,” said Gary Ong, managing director of Car Club.Shifting gears from silo systems to an integrated business management solutionCar Club has a unique desire to bridge its years of legacy with current needs. Thus, the company was extremely discerning when selecting a technology partner that would empower them to transform into a modern workplace.“We are on a constant lookout for people who value the same attributes that we do. Resilience, the willingness to adapt, grow and create value are extremely important to us when we are choosing our partners,” said Ong.Not long after Car Club reflected its intentions to engage a reliable technology partner, Ong was introduced to Stone Forest IT – a Microsoft partner that offers one-stop IT solutions to companies, from advisory to implementation and managed services.Lily Ong, director for Dynamics 365 at Stone Forest IT, discussing various service implementations with Gary Ong, managing director of Car Club“Previously, Car Club’s operations relied on many silo systems, which caused a lot of process inefficiencies and made it difficult to share data across departments. This is where we stepped in to develop a system that utilized a centralised platform to connect Car Club’s individual systems into one. We used Microsoft Dynamics 365, an all-in-one business management solution that allowed us to integrate and streamline Car Club’s core business operations into a unified view of customers,” said Lily Ong, director for Dynamics 365 at Stone Forest IT.Hosted in the cloud on Microsoft Azure, Car Club has the full flexibility of access and control over its CRM system anytime, anywhere.Pages1 2 » last »

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16-08-2018
Prudential partners Babylon for AI-powered digital health services in Asia

Prudential Corporation Asia and UK-based Babylon Health (Babylon) have partnered for AI-backed digital health services in Asia.The partnership will see Babylon’s AI expertise made available to existing and new customers of Prudential across Asia. Prudential has more than five million medical insurance customers in Asia and premium income exceeded £800 million in 2017.Based in the UK, Babylon offers AI-powered health services, including personal health assessment and treatment information.The Prudential-Babylon proposition will offer customers in up to 12 markets in Asia 24/7 access to a comprehensive set of digital health tools, complementing Prudential’s existing suite of insurance products.Nic Nicandrou, Chief Executive of Prudential Corporation Asia, said: “At Prudential, we strive to help customers lead healthier and more secure lives. The strategic partnership with Babylon is consistent with our ambition to address the unmet healthcare needs in Asia where the majority of the population are uninsured or underinsured, alongside an ageing population and escalating medical costs. This partnership accelerates our efforts to provide customer-centric, cost efficient and scalable health and wellness digital services to customers in the region.”“We are significantly expanding our role from protection to encompass the prevention and postponement of adverse health events. By empowering customers with self-help tools and real-time health information, we believe the Babylon-enabled platform will inspire them to take an active role in understanding and managing their current and future health needs. Prudential remains committed to help both consumers and governments find efficient solutions to expand access to quality healthcare across Asia.”Dr Ali Parsa, Babylon’s Founder & CEO, said: “Prudential is one of Asia’s leading insurance providers, where its brand is synonymous with trust. We find it humbling that after a lengthy search, Prudential’s forward-looking leadership has put its trust in Babylon as its partner.  Both organisations share the same mission, which is to make healthcare accessible and affordable to everyone on Earth. We look forward to working with one of the most innovative leadership teams in insurance, as they work to build on their strong legacy in Asia and continue in their contribution of enhancing the well-being of its people.”Market-specific details and launch dates for Prudential’s Babylon-enabled health services will be announced later in the year. 

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15-08-2018
HKSTP announces budget for HK$10b funding injection

HKSTP has detailed how it plans to spend the HK$10b equity injection provided by the HKSAR government

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15-08-2018
HKBN offers equal medical coverage to all HK staff

HKBN has revamped its group medical insurance scheme to offer equal protection by default to all Hong Kong employees regardless of rank

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15-08-2018
What is data deduplication, and how is it implemented?

By eliminating redundant blocks of data within a dataset – deduplication – enterprises can reduce the size of backups 90-99%

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15-08-2018
Why you should consider crowdsourcing IT security services

Whether you need a pentesting team, a bug bounty program, or a vulnerability disclosure plan, several crowdsourcing platforms can take the pain from the process

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CyberLink Vol.119 August 2018

 

Cyberport-grown Klook takes off to new unicorn status

 

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CyberLink Vol.118 July 2018

Digital Silk Road spotlighted at the Belt and Road Summit

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CyberLink Vol.117 June 2018

Cyberport's Smart-Space 8 in Tsuen Wan is open for online application

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