Media OutReach
Proofpoint: 88% of Top Organisations in Asia Pacific Still Put Their Customers and Stakeholders at Risk of Email Fraud as Businesses Face Record-High Email Attacks
- Protective measures against email fraud remain widely insufficient among leading Asia Pacific companies.
- Australia’s high adoption rate of proper email authentication (71%) among its top companies sets the standard for the Asia Pacific region
- Around 50% of leading Singapore and India’s businesses have implemented the recommended level of email authentication
- Concerningly, less than 20% of the largest organisations in Japan, South Korea, China and Thailand are actively protecting their customers against phishing
SINGAPORE – Media OutReach Newswire – 21 February 2025 – Proofpoint, Inc., a leading cybersecurity and compliance company, today released new research on a worrying gap among top organisations across the Asia Pacific with only 12% having implemented the recommended and most stringent level of email authentication. In 2024, phishing attacks surged significantly, increasing nearly 60% year-over-year. This dramatic increase underscores the critical need for proper implementation of email authentication, which prevents cyber criminals from spoofing organisations’ identities thus reducing the risk of email fraud.
These findings are based on an analysis of the Domain-based Message Authentication, Reporting and Conformance (DMARC), a widely-adopted email validation protocol records of Asia Pacific companies listed on the Forbes Global 2000. DMARC protects domain names from being misused by malicious actors by authenticating the sender’s identity before an email reaches its intended destination. This authentication system detects and prevents domain spoofing, a common phishing technique. DMARC has three levels of protection – monitor, quarantine, and reject, with reject being the most secure for preventing suspicious emails from reaching users’ inboxes.
“Email remains the most common and critical threat vector across industries. It’s encouraging that many leading companies in Asia Pacific have taken proactive steps to protect their customers from email fraud,” said George Lee, Senior Vice President of Asia Pacific and Japan at Proofpoint. “However, the rising frequency, sophistication, and cost of cyberattacks make it especially concerning that many remain highly vulnerable, exposing them to significant risks from malicious email-based threats such as phishing. Prioritising robust cybersecurity measures is essential to safeguard against these threats and protect customers’ valuable data.”
Proofpoint’s research shows that DMARC adoption in the Asia Pacific region is mostly lower compared to the US and UK, placing organisations and their customers at risk. While Australia leads in email authentication DMARC enforcement, Japan, South Korea and Thailand lag, leaving businesses exposed to escalating email fraud, including business email compromise (BEC) and phishing.
Key findings of Proofpoint’s DMARC analysis across key Asia Pacific markets include:
- Australia: 71% of the top Australian companies have implemented DMARC at the recommended levels (reject). All the top Australian companies being studied have a DMARC record.
- Singapore: 46.2% of companies analysed have DMARC set to reject. Yet 23.1% do not have any DMARC record and are wide open to email fraud and domain spoofing attacks.
- India: 50% of the top Indian organisations implemented the highest level of DMARC (reject), with 30.9% utilising quarantine and 11.8% having no DMARC record at all.
- Japan: Only 7.4% of top Japanese companies have a DMARC policy of reject in place. 65.6% of companies are at the monitor level, gathering data but offering no active protection
- South Korea: Only 1.8% have implemented DMARC at the quarantine level with none at the reject level, and 51.8% having no DMARC record at all.
- Thailand: 17.6% have a reject policy in place to block unqualified emails, while 17.6% of companies implemented quarantine and 52.9% at the monitor level still.
- China: Only 4.2% of top Chinese companies have the strictest level of DMARC in place. A startling 71.8% do not use any DMARC protection at all.
Major Providers and Compliance Mandates Push for DMARC Adoption
Major email providers are making moves to force companies to catch up and use email authentication. Some highly-publicised examples include the October 2023 announcements from Google, Yahoo and Apple around mandatory email authentication requirements (including DMARC) for bulk senders sending emails to Gmail, Yahoo and iCloud accounts. This aims to significantly reduce spam and fraudulent emails hitting their customers’ inboxes.
In addition, organisations that store consumer payment information must comply with the Payment Card Industry Data Security Standard (PCI-DSS) or risk paying hefty fines for violations. The latest PCI DSS (v4.0.1) will require companies to use DMARC to protect credit card data by March 31, 2025.
Proofpoint recommends that organisations follow these best practices:
- Implement DMARC: Protect your domain from impersonation by implementing DMARC and enforcing it at the reject level. Seek expert assistance if needed to avoid blocking legitimate emails.
- Educate employees: Train staff on how to identify and avoid potentially fraudulent or suspicious emails, such as those impersonating colleagues, suppliers, or customers.
- Strengthen passwords: Establish and enforce best practices for password management, including requiring strong passwords, regular changes, and never re-using passwords across multiple accounts.
This analysis was conducted in December 2024 using data from companies listed on Forbes Global 2000.
To learn more about DMARC, visit: https://www.proofpoint.com/au/threat-reference/dmarc
Hashtag: #Proofpoint
The issuer is solely responsible for the content of this announcement.
About Proofpoint, Inc.
Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organisations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organisations of all sizes, including 85 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.
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Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.
Media OutReach
UU Wallet Secures U.S. MSB License, Embarking on a New Chapter of Global Compliance with Security at Its Core
Security and Compliance: Driving Global Strategy
The U.S. MSB license, issued by the Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury, is a critical entry requirement for international financial institutions to provide monetary services. Passing the license audit indicates that UU Wallet has met stringent U.S. regulatory standards in areas such as anti-money laundering (AML), risk control systems, and user asset protection.
Since its establishment in 2023, UU Wallet has rapidly grown into a Web3 payment ecosystem covering over 160 countries and regions, thanks to its technological innovation and commitment to security. With a team of over 100 professionals, UU Wallet focuses on four core businesses: digital currency and fiat exchange, prepaid cards, enterprise wallet services, and Web3 wealth management. Its daily transaction volume has surpassed $20 million.
Four Core Features Redefining Secure Payment Experiences
Instant Fiat Exchange, Secure and Frictionless
UU Wallet supports instant conversions between mainstream fiat currencies such as the Philippine Peso (PHP), South Korean Won (KRW), Japanese Yen (JPY), US Dollar (USD), Hong Kong Dollar (HKD), and Malaysian Ringgit (MYR), and digital currencies. Utilizing intelligent routing and multi-signature cold wallet technology, users can complete cross-border fund transfers within 5 seconds, with end-to-end data encryption and a zero-risk incident record.
Global Prepaid Cards: USDT Real-Time Circulation, Balancing KYC Efficiency and Security
Users can instantly recharge prepaid cards with USDT, which are accepted in over 160 countries and regions for both online and offline purchases. The platform supports both virtual and physical cards, as well as B2B client integration. UU Wallet’s unique “tiered KYC” mechanism allows basic consumption scenarios to complete identity verification in just 3 minutes, while larger transactions are secured through dynamic facial recognition and blockchain address tracking, striking a balance between convenience and security.
Enterprise Wallet Services: Comprehensive Fund Protection
For Web3 enterprises, UU Wallet offers payment and fund management solutions covering 50+ public chains and 10,000+ tokens. Through secure multi-party computation (MPC) technology, real-time risk warning systems, and monthly third-party audits, UU Wallet ensures transparent and traceable fund flows, mitigating risks of operational errors and hacker attacks.
Web3 Asset Wealth Management: Balancing Returns and Risk Control
The platform provides a variety of value-added services, including flexible staking, structured products, and compliant stablecoin wealth management. All products are executed automatically via smart contracts, with code security verified by top-tier auditing firms. Historical annualized returns range from 3% to 15%, ensuring users’ assets grow steadily and securely.
“Security is the lifeline of financial services,” said a UU Wallet spokesperson. “With the MSB license, we will accelerate collaboration with global regulators and traditional financial institutions, driving deeper integration of Web3 payments with mainstream economic systems.”
Hashtag: #UUWallet
The issuer is solely responsible for the content of this announcement.
About UU Wallet
UU Wallet is a security-focused Web3 payment infrastructure provider dedicated to lowering the barriers to digital asset usage through technological innovation. The company has obtained financial licenses in the United States and the Philippines, serving over 500,000 individual users and 2,000 enterprises with a zero-security-incident record.
About Followme
Followme is an open community trading platform where traders and investors worldwide share experiences, exchange ideas, and publish trading strategies in real-time. Their real accounts have been connected to more than 4,300 brokers worldwide via Followme. Users who join as followers can get help from the information posted to enhance their advantages in trading. To date, more than 900,000 users worldwide have joined Followme.
A Commitment to Excellence
KVB’s achievement is a testament to its unwavering commitment to providing traders with an unparalleled trading experience. The company stands out for its dedicated customer support, ensuring that clients receive timely assistance and expert guidance whenever needed.
In addition, KVB offers a versatile platform for traders of all levels. Whether using Actstrade, its advanced desktop platform, or the KVB App for mobile trading, clients benefit from powerful tools, intuitive interfaces, and real-time market insights. KVB also offers some of the lowest spreads in the industry, creating optimal trading conditions for both new and experienced traders. Combining low-cost trading with a feature-rich platform and exceptional customer service, KVB remains a top choice for traders worldwide.
2025 and Beyond
Looking ahead to 2025, KVB is set to expand its reach into new markets, bringing its top-tier trading services to a broader global audience. With a strong commitment to continuous improvement, the company is also focused on enhancing its systems, ensuring a more seamless, efficient, and secure experience for traders.
In addition, KVB plans to launch exciting new promotions, providing traders with greater value and incentives while enhancing its customer service program with faster response times and more personalized support. With these initiatives, KVB aims to deliver an even better trading experience and strengthen its global presence in 2025.
For more information, please visit www.kvbplus.com.
Hashtag: #KVB
The issuer is solely responsible for the content of this announcement.
The 2025 QS World University Rankings by Subject rated six local degree courses among the world’s top 10, up from three last year, while 68% of 231 programmes from nine Hong Kong institutions rose in the rankings.
In the field of data science and artificial intelligence (AI), five Hong Kong universities are ranked among the world’s top 50, the highest number in Asia and second-highest globally.
This demonstrates the city’s immense potential and competitiveness in technological innovation, providing crucial support for the city’s future economic transformation and upgrading. The Government has also rolled out various supportive policies and initiatives to attract talent and businesses to Hong Kong to participate in driving related products to market and engaging in innovation.
The surge up of Hong Kong’s rankings was contributed by the comprehensive three-pronged approach involving the HKSAR Government, the efforts by universities in teaching and research, as well as social resource collaboration.
The leap up the rankings also further enhanced the “Study in Hong Kong” brand, helping world-leading academic disciplines in the city attract top-tier students for advanced studies.
“The Education Bureau will also continue to collaborate with institutions to attract more students from around the world to build Hong Kong into an international hub for high-calibre talent,” said Secretary for Education Dr Choi Yuk-lin.
According to the QS release, about 80% of subjects of the city’s universities had shown improvement in academic reputation, with significant progress across most indicators. This highlighted Hong Kong’s continued leadership in the field of higher education, serving as a global model of success.
This year’s ranking compared over 21,000 academic offerings, taken by students at more than 1,700 universities across 100 countries and territories in 55 subjects.
Hashtag: #hongkong #brandhongkong #asiasworldcity #QS #Talents
https://www.brandhk.gov.hk/
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The issuer is solely responsible for the content of this announcement.
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