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Trend Micro Study Finds 39% of Employees Access Corporate Data on Personal Devices

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Corporate data policies may need to be refreshed as workforce remains remote

 

HONG KONG, CHINA – Media OutReach – 15 September 2020 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), the leader in cloud security, today released survey results that show smart home devices and their apps represent a major weak link in the corporate cybersecurity chain as the lines between work and home life increasingly blur.

 

Trend Micro’s Head in the Clouds study surveyed more than 13,000 remote workers across 27 countries to find out more about the habits of distributed workforces during the pandemic. It revealed that 39% of workers use personal devices to access corporate data, often via services and applications hosted in the cloud. These personal smartphones, tablets and laptops may be less secure than corporate equivalents and exposed to vulnerable IoT apps and gadgets on the home network. Over one third (36%) of remote workers surveyed do not have basic password protection on all personal devices, for example.

 

Dr Linda K. Kaye, a cyberpsychology expert said: “The fact that so many remote workers use personal devices for accessing corporate data and services suggests that there may be a lack of awareness about the security risks associated with this. Tailored cybersecurity training which recognises the diversity of different users and their levels of awareness and attitudes around risks would be beneficial to help mitigate any security threats which may derive from these issues.”

 

More than half (52%) of global remote workers have IoT devices connected to their home network, 10% using lesser-known brands, the study revealed. Many such devices — especially from smaller brands — have well-documented weaknesses such as unpatched firmware vulnerabilities and insecure logins. These could theoretically allow attackers to gain a foothold in the home network, then use unprotected personal devices as a stepping-stone into the corporate networks they’re connected to.

 

There’s an additional risk to enterprise networks post-lockdown if malware infections picked up at home are physically brought into the office via unsecured personal devices at organizations with bring-your-own-device (BYOD) practices.

 

The research also revealed that 70% of global remote workers connect corporate laptops to the home network. Although these machines are likely to be better protected than personal devices, there is still a risk to corporate data and systems if users are allowed to install unapproved applications on these devices to access home IoT devices.

 

“IoT has empowered simple devices with computing and connectivity, but not necessarily adequate security capabilities,” said Tony Lee, Head of Consulting at Trend Micro Hong Kong and Macau. “They could actually be making hackers’ lives easier by opening backdoors that could compromise corporate networks. This threat is amplified as an age of mass remote work blurs the lines between private and company devices, putting both personal and business data in the firing line. Now more than ever, it is important that individuals take responsibility for their cybersecurity and that organisations continue to educate their employees on best practices.”

 

Trend Micro recommends employers ensure their remote workers are compliant with existing corporate security policies, or, if needed, companies should refine these rules to recognise the threat from BYOD practice and IoT devices and applications.

 

Companies should also reappraise the security solutions they offer to employees using home networks to access corporate information. Shifting to a cloud-based security model can alleviate many remote working risks in a highly cost-efficient and effective manner.

About Trend Micro

Trend Micro, a global leader in cybersecurity, helps make the world safe for exchanging digital information. Leveraging over 30 years of security expertise, global threat research, and continuous innovation, Trend Micro enables resilience for businesses, governments, and consumers with connected solutions across cloud workloads, endpoints, email, IIoT, and networks. Our XGen™ security strategy powers our solutions with a cross-generational blend of threat-defense techniques that are optimized for key environments and leverage shared threat intelligence for better, faster protection. With over 6,700 employees in 65 countries, and the world’s most advanced global threat research and intelligence, Trend Micro enables organizations to secure their connected world www.trendmicro.com.hk.

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Purchase of GigaMedia Shares by CEO Cheng-Ming Huang

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TAIPEI, Sept. 26, 2020 /PRNewswire/ — GigaMedia Limited (NASDAQ: GIGM) today announced that its Chief Executive Officer Cheng-Ming Huang a.k.a. James Huang has purchased a total of 21,570 shares of GigaMedia stock by Pacific Star Universal Group Ltd. at an average price of $2.8879 on September 22nd and 23rd,  2020. The purchases were made during an open window period and in full compliance with all company and legal guidelines.

Mr. Cheng-Ming Huang now holds a total of 1,073,566 shares, an ownership of around 9.71% in the Company.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia’s digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.tw.

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company’s current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia’s Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2020.

Related Links :

http://www.gigamedia.com

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Glancy Prongay & Murray LLP Continues Investigation of Huazhu Group Limited (HTHT) on Behalf of Investors

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Glancy Prongay & Murray LLP (GPM) continues its investigation on behalf of Huazhu Group Limited (Huazhu or the Company) (NASDAQ: HTHT) investors concerning the Companys possible violations of the federal securities laws.

If you suffered a loss on your Huazhu investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/huazhu-group-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On September 21, 2020, Bonitas Research issued a report, alleging, among other things, that Huazhu Group lied about the ownership of its hotel portfolio to produce fake financials. The report also stated that Bonitas fieldwork confirmed that Huazhu secretly supported operating costs of franchisee hotels owned by undisclosed current Huazhu employees & other undisclosed related parties (˜off-book hotels). Bonitas further alleged that undisclosed related party transactions were used to artificially inflate Huazhus reported profits[,] and that it calculate[s] that Huazhus fake profits manifested as RMB 2 billion (US$ 300 million) of fake PP&E on its CYE19 balance sheet.

On this news, Huazhu Groups American depositary share (ADS) price fell $1.54, or over 3%, to close at $40.48 per share on September 21, 2020, thereby injuring investors.

Then, on September 25, 2020, Huazhu announced that a special committee of its Board of Directors will investigate the allegations in the Bonitas report.

On this news, the Companys share price fell sharply in intraday trading on September 25, 2020.

Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice: Persons with non-public information regarding Huazhu should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email sh[email protected].

About GPM

Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPMs nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPMs lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPMs attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPMs past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes, and Money.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

www.glancylaw.com

[email protected]

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Data Center Cooling Solutions Market- Roadmap for Recovery from COVID-19|The Increased Demand For Data Centers to Boost the Market Growth | Technavio

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Technavio has been monitoring the data center cooling solutions market and it is poised to grow by $ 4.55 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market? Rising need to reduce OPEX is a major trend driving the growth of the market.
  • At what rate is the market projected to grow? The year-over-year growth for 2020 is estimated at 7.49% and the incremental growth of the market is anticipated to be $ 4.55 billion.
  • Who are the top players in the market? Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp., are some of the major market participants.
  • What is the key market driver? The increased demand for data centers is one of the major factors driving the market.
  • How big is the APAC market? The APAC region will contribute 39% of the market share.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp. are some of the major market participants. The increased demand for data centers will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Data Center Cooling Solutions Market 2020-2024: Segmentation

Data Center Cooling Solutions Market is segmented as below:

  • Application
    • Air Conditioning
    • Economizers
    • Cooling Towers
    • Chillers
    • Other
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43430

Data Center Cooling Solutions Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center cooling solutions market report covers the following areas:

  • Data Center Cooling Solutions Market Size
  • Data Center Cooling Solutions Market Trends
  • Data Center Cooling Solutions Market Industry Analysis

This study identifies the rising need to reduce OPEX as one of the prime reasons driving the data center cooling solutions market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform

Data Center Cooling Solutions Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist data center cooling solutions market growth during the next five years
  • Estimation of the data center cooling solutions market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the data center cooling solutions market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of data center cooling solutions market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Air conditioning – Market size and forecast 2019-2024
  • Economizers – Market size and forecast 2019-2024
  • Cooling towers – Market size and forecast 2019-2024
  • Chillers – Market size and forecast 2019-2024
  • Other – Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Technique

  • Market segments
  • Comparison by Technique
  • Air-based cooling – Market size and forecast 2019-2024
  • Liquid-based cooling – Market size and forecast 2019-2024
  • Market opportunity by Technique

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor Landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Airedale Air Conditioning Ltd.
  • Black Box Corp.
  • Daikin Industries Ltd.
  • Data Aire Inc.
  • Fuji Electric Co. Ltd.
  • Huawei Investment & Holding Co. Ltd.
  • Mitsubishi Electric Corp.
  • Rittal GmbH & Co. KG
  • Schneider Electric SE
  • Vertiv Group Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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Purchase of GigaMedia Shares by CEO Cheng-Ming Huang

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