Spending to defend against cyberattacks is picking up speed in Asia, and the growth rate could outpace the global average this year.
The latest development underscoring the trend: the US$810 million acquisition of U.S.-based cybersecurity provider Trustwave Holdings Inc. by Singapore Telecommunications Ltd., Southeast Asia’s biggest telecom company by revenue.
The deal, announced Wednesday, follows recent high-profile breaches of companies such as Home Depot Inc., health insurer Anthem Inc. and Sony Corp.’s Sony Pictures Entertainment Inc. Hackers also targeted Malaysia Airlines’ website in January. In March, South Korean investigators said state-owned Korea Hydro & Nuclear Power Co. and its business partners were targeted in cyberattacks aimed at stealing internal data that included plant blueprints and employees’ personal information. Korea Hydro operates South Korea’s 23 nuclear reactors.
Executives and analysts in Asia say they are increasingly contemplating their digital defenses in light of more-frequent attacks.
It’s been a busy week or so.
Here are links to some recent stories I’ve worked on with colleagues, both here in Singapore and in India.
Myanmar Tests Foreign Telecom Entrants (March 10):
YANGON, Myanmar—When Myanmar’s first foreign telecommunications companies, Qatar’s Ooredoo QSC and Norway’s Telenor ASA, arrived last year, customers lined up for blocks to buy their inexpensive services, exhausting the supply of SIM cards within weeks and cheering their executives.
Six months later, state-owned Myanmar Posts & Telecommunications, which had for decades monopolized the market despite its generally outdated services, has added more new customers than its challengers combined.
The scenario underscores state-owned companies’ dominance here and the conflicting forces that foreign companies face as the military government tries to modernize Myanmar’s long-isolated economy and lure fresh investment while also moving to protect its interests. As Myanmar prepares to open up other sectors, including energy, real estate, tourism and manufacturing, the telecom industry is being watched as a test case.
BANGALORE, India—Google Inc. is in early stages of negotiations to buy Indian mobile ad firm InMobi, a person familiar with the matter said, as the U.S. company looks to strengthen its presence in the mobile advertising space.
“Google has expressed interest and has reached out” but there is no certainty on whether the Indian company would sell itself, this person said.
Google declined to comment.
The Economic Times first reported the news.
InMobi, one of the biggest ad networks in India, offers advertising services on mobile websites based on the profiles and behaviors of users of those sites. The company has offices across 17 countries with more than 900 employees.
NEW DELHI—Online marketplace Snapdeal.com is considering acquiring firms in India as it seeks to expand its presence in the country’s fast-growing e-commerce market, the company’s chief executive said.
Kunal Bahl said in an interview Monday that possible acquisitions would be focused on allowing Snapdeal to expand from its current mass-retail model into more specialized niches such as luxury goods.
“We’ve got to make sure that we are giving consumers very specialized experiences” in terms of the types of products they buy online, Mr. Bahl said. He cited as an example Snapdeal’s acquisition last month of Exclusively.com, an Indian luxury fashion website. The terms of the deal weren’t disclosed.
Indian authorities are increasingly asking for data on Facebook users, and Facebook is increasingly blocking content in the country.
That’s according to the U.S. social media company’s most recent report on government requests, which showed that from July to December 2014, authorities made 5,473 requests for data on users’ accounts, up from 4559 requests in the first six months of that year. Facebook provided “some data” in response to nearly 45% of those requests, the company said.
Facebook also blocked 5,832 pieces of content in the second half of 2014. That’s up from 4,960 pieces blocked from January to June last year.
I’ll continue to post links to my stories here on Newley.com, as always. But just a reminder that you can also sign up for my weekly newsletter in case you’d like my clips — and other fun stuff — delivered to your inbox, as well.
Access to Google Inc. ’s Vietnam website was disrupted briefly Monday, the company said, with some users redirected to a website appearing to sell a service used for cyberattacks.
“For a short period today, some people had trouble connecting to google.com.vn, or were being directed to a different website,” a Google spokesman said. “We’ve been in contact with the organization responsible for managing this domain name and the issue should be resolved.”
The spokesman stressed that users’ searches and Google services, like Gmail, weren’t compromised. Users within Vietnam reported that service disruption lasted several hours.
In an apparent hijacking of domain name system servers, which act as virtual address books and help direct Internet traffic, users who tried to visit Google’s Vietnam site were sent to the website, which showed a man facing a mirror taking a photo of himself with an iPhone.
More evidence of global investors’ growing interest in India’s startups: Google’s new investment arm is setting up shop in the country.
In what will mark the first such expansion outside the U.S., Google Capital — a wing of the tech giant that invests in mid-stage technology companies — is interviewing candidates for a position to lead their efforts in the populous nation.
“It makes a lot of sense to focus on India right now,” Google Capital partner David Lawee told The Wall Street Journal. He noted that the country of 1.2 billion recently surpassed the U.S. in terms of its number of Internet users, and that local entrepreneurs “are responding” with “innovative” offerings for the domestic market and thinking about global growth, as well.
Singapore is reviewing guidelines governing the kind of short-term rentals used by home sharing companies like Airbnb, underscoring the regulatory uncertainties the fast-growing startup faces as it expands abroad.
At question in wealthy, tightly controlled Singapore: Should home owners be allowed to rent out their residences for short periods of time, as Airbnb users typically do?
It’s a legal gray area that the San Francisco-based company — one of the world’s hottest startups, valued at $10 billion — has faced in various markets as it has expanded throughout Europe and Asia.
In Singapore, where Airbnb provides listings for hundreds of properties, the city-state’s Urban Redevelopment Authority, or URA, late last month began soliciting feedback from the public regarding existing regulations.
The newest country available on Google Street View: Bangladesh.
The tech titan on Thursday unveiled 360-degree panoramic images of streets around the teeming capital, Dhaka, the port city of Chittagong and dozens of other locations in the densely populated country sandwiched between India and Myanmar.
Bangladesh, home to some 150 million people, is the 65th nation for which the Google Maps feature is available.
Renren has led a $10 million investment in a Washington, D.C.-based startup that uses big data to forecast legislation, the latest move by the Chinese social network to fund innovative companies that could further the company’s growth.
FiscalNote, founded in 2013, uses data-mining software and artificial intelligence to predict legislators’ votes and the success or failure of bills. Among its clients, the company says, are JP Morgan Chase, software firm VMWare, and ride sharing company Uber, which has faced some notable regulatory hurdles of late.
“I see them as a disruptive company because the space they’re going after is huge,” Renren Chief Executive Joe Chen told The Wall Street Journal. “I think just from a pure business point they’re going to be tremendous going forward,” he said.
Facebook Inc. on Tuesday denied being the victim of a hacking attack and said its site and photo-sharing app Instagram had suffered an outage after it introduced a configuration change.
The disruption “was not the result of a third party attack but instead occurred after we introduced a change that affected our configuration systems,” a Facebook spokeswoman told The Wall Street Journal. “We moved quickly to fix the problem, and both services are back to 100% for everyone.”
Indonesia leads the world in terms of the percentage of its Facebook users who access the social network on their mobile devices.
That’s according to research firm eMarketer, which said Thursday that some 92.4% of Facebook users in the country — 62.6 million people — tap into the social network via their phones at least once a month. That’s up from 88.1% last year and 77.7% in 2013.
Click through for more.
Users of the popular messaging app WhatsApp can now conduct their chats via a Web browser — with a few restrictions.
The Facebook-owned service with some 700 million monthly active users said in a blog post Wednesday that people can now link their mobile phones with a WhatsApp Web client, allowing them to write and read messages via their computers.
There are, however, a few limitations to the setup. First, those with iPhones are out of luck due to “Apple platform limitations,” WhatsApp says. The service works with Android, BlackBerry, Nokia S60 and Windows devices, but users need the latest version of WhatsApp.
To start, WhatsApp users can visit Web.WhatsApp.com via Google’s Chrome browser on their computers, where a QR code will appear.
Click through for instructions on how to set it up.
And, yes, an you’ll see an image of a WhatsApp conversation I had via a Web browser…with myself.
As I said on Facebook earlier: Anything in the name of journalism.