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Thailand: Formjacking the latest menace as old threats fade

Formjacking, essentially virtual ATM skimming, is the new get-rich-quick scheme for cybercriminals in response to last year’s diminishing returns from other cybercrimes like ransomware and cryptojacking.  These hackers are injecting malicious code into retailers’ websites to steal payment information from customers.  More than 4,800 unique websites are compromised with formjacking code each month, according to Symantec’s […]

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Thailand: Fear of SME impact from minimum wage hike

Promises to hike the daily minimum wage will incentivise investors to relocate production bases to offset the higher wage burden, with financially strained small companies among those to be hit hardest, say business executives.  “We will have to follow government regulation [on the daily minimum wage], but generally speaking investors will relocate their production bases because […]

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Philippines: Weaker peso seen as imports flood in

MANILA, Philippines — The peso moved sideways yesterday ahead of the rate setting meeting of the Bangko Sentral ng Pilipinas (BSP) wherein interest rates are expected to remain unchanged amid easing inflation. The local currency shed two centavos to close of 52.81 to $1 from Tuesday’s 52.83 to $1. It opened weaker at 52.9 to […]

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Myanmar: Legislature beefs up consumer protections

The Pyidaungsu Hluttaw (Assembly of the Union) passed amendments to improve consumer rights in the country on Friday. Under the amendments to the 2014 Consumer Protection Law, a consumer protection commission and committee will be formed, said U Swe Tint Kyu, director of the Department of Consumer Affairs. A new commission instead of a central committee […]

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