Companies — Statutory derivative action

Data breaches are becoming more common in modern society and consumers are getting more perplexed about how this keeps occurring. Consequently, every organisation needs to take data security more earnestly as a data breach could cost the companies millions of dollars as well as damaging their reputations.

The Malaysian Investment Development Authority (Mida) is planning to steer the adoption of enterprise resource planning (ERP) solutions amongst the local small and medium-sized (SMEs) via the allocation of government grants.

Industry observers have noted that digital banks in Singapore were mostly up and running, but were facing multiple challenges when attempting to establish a secure foothold in the financial sector.