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Security token salesforce

/ April 6, 2021

A comprehensive approach to SWIFT security assessment

Tran Phuong Hong, IT Advisory director, KPMG Tax and Advisory Vietnam and Do Kim Hien, senior solution consultant, KPMG Tax and Advisory Vietnam In Vietnam, we have had vast opportunities in conducting SWIFT system security gap assessment projects for Vietnamese banks, and there are best practices that clients should consider while implementing and securing the system according to a SWIFT Customer Security Control Framework (SWIFT CSCF). The SWIFT CSCF describes a set of mandatory and advisory security controls for users. Mandatory security controls establish a security baseline for the entire community and must be implemented by all users on their local SWIFT infrastructure. The SWIFT has chosen to prioritise these mandatory controls to set a realistic goal for near-term, tangible security gain, and risk reduction. Advisory controls are based on good practice that SWIFT recommends. Over time, mandatory controls may change due to the evolving threat landscape, and some advisory controls may become mandatory. All controls are articulated around three objectives: ‘Secure your Environment’, ‘Know and Limit Access’, and ‘Detect and Respond’. Controls have been developed based on SWIFT analysis of cyber threat intelligence and in conjunction with industry experts and user feedback. Control definitions are also intended to be in line with existing information security industry standards. SWIFT CSCF version 2021 has defined 31 security controls (22 mandatory and nine advisory controls) that underpin these objectives and principles. The controls are intended to help mitigate specific cybersecurity risks that users face due to the cyber threat landscape. Within each security control, SWIFT has documented the most common risk drivers that the control is designed to help mitigate. Addressing these risks aims to prevent or minimise undesirable and potentially fraudulent business consequences, such as unauthorised sending or modification of financial transactions; …

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/ April 12, 2021

LG Electronics looking for buyer for smartphone plants

LG Electronics is looking to sell its smartphone plants. Source: Glassdoor After announcing to withdraw from the smartphone business, LG Electronics is closing down production plants in Haiphong (Vietnam), Taubate (Brazil), and Qingdao (China) after failing to effect a breakthrough, according to Business Korea . Of these, the Haiphong plant, which is the largest among LG Electronics' smartphone plants with an annual capacity of about 10 million smartphones, equaling about half of LG's total smartphone output, has been announced to find a buyer at the selling price of KRW100 billion ($90 million). Realising the difficulties of finding a local buyer, which is going to manufacture almost 10 million smartphones per year, LG Electronics is considering selling the plant site only, without the production lines. The Taubate and Qingdao plants are facing the same difficulties. They have a total capacity of about 8-9 million smartphones a year. After a rumour about the sale of the Taubate plant caught wind at the end of February, executives and employees at the plant have been staging a strike since March 26 due to concerns over their job security. Last month, LG Electronics attempted to sell its smartphone factories to local conglomerate Vingroup, without success. “LG negotiated with Vingroup to sell its smartphone factories in Vietnam and Brazil. However, the recent negotiations failed mainly due to price disagreements,” the Korea Times today quoted a senior industry official who understood the deal. By Nguyen Huong …

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/ April 12, 2021

Quang Ninh Province awakens

From mainly relying on coal mining, Quang Ninh rose to become a rich province through the development of tourism and services. But the Covid-19 pandemic has helped Quang Ninh "wake up" and realize its "Asin's heel". Nearly 10 years ago, Mr. Nguyen Xuan Ky, the incumbent Party Secretary of Quang Ninh, was the Chief of the Quang Ninh Provincial Party Committee's Office, who directly assisted the then Party Secretary of Quang Ninh, Mr. Pham Minh Chinh. When Mr. Chinh, who is now the Prime Minister, raised the policy to transform the growth model from "brown to green", Mr. Ky was also the one who delivered the first invitations to experts and officials to come to Quang Ninh to help the province find a new development path for the area, which was called the kingdom of “black gold” (coal) in Vietnam. Secretary of the Quang Ninh Provincial Party Committee Nguyen Xuan Ky: The Covid-19 pandemic has urged us to think of something else to keep Quang Ninh more stable before hardships. Photo: Pham Cong “When we gave letters of invitations to the local former Party leaders, who grew up from the coal industry, they asked us 'are you okay, why do you have to do this?'. For many generations, Quang Ninh developed based on coal mining and it is still the key industry,” Ky recalled. In response to the concerns, Quang Ninh’s Party Chief at that time replied: “Yes, you are right. But if it is just that, Quang Ninh cannot develop." That is the story that paved the way for the development of tourism and services of Quang Ninh, which was set in the 2000s and has been implemented strongly since 2010. In August 2011, Mr. Pham Minh Chinh was appointed as Secretary of Quang Ninh Provincial Party Committee. On May 24, 2013, he signed a resolution of the Provincial Party Committee on tourism development in the period 2013-2020, with a vision to 2030. This resolution emphasized renovating the growth model, restructuring the local economy, and changing the province’s …

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