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Over 310,000 credit card data from six Southeast Asian countries are being sold on the dark web

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Over 310,000 credit card details from six major Southeast Asian countries have been put on sale in various dark web forums, according to India-based big data cybersecurity start-up Technisanct.

In a press release that was sent out earlier this week, the company noted its discovery of a massive data breach involving 310,669 credit card details issued by top banks in Singapore, Malaysia, the Philippines, Thailand, Indonesia, and Vietnam.

The Philippines suffered the worst hit with 172,828 cards breached, while Malaysia came in second with 37,145. Following closely behind is Indonesia with 35,354.

Singapore and Vietnam had 25,290 and 23,144 cards breached respectively. Thailand recorded the lowest amount with 16,908.

The data breach was uncovered by the company’s risk analyst team during its research on threats faced by the financial sector in the Southeast Asian countries, particularly from the dark web platforms.

The team assessed 1136 BIN (Bank Identification Number) numbers of the banks from these countries from which they discovered 310,669 card information including card number, name of card holder, CVV, and expiry date.

In some cases, PIN numbers are also exposed.

Such information were actively circulated and available for sale in dark web platforms in different dumps based on their individual bank balance – higher the balance, higher the price of the card.

These data reportedly came from major dark web players like Fresh Stuff, Joker Stash, and other regular actors who trade these kinds of data.

“The results are alarming as it seems no one is aware that such huge volume of payment card details is available in public. Any threat actor can get those card details and cause financial loss to the owners of the payment cards. The banks who are the issuer of the card may face big reputation damages too,” said Nandakishore Harikumar, Chief Executive Officer at Technisanct.

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Up to 200 athletes tested for doping so far at Asian Games

Between 150 and 200 Asian Games athletes tested for doping, yielding no positive results. Anti-doping efforts emphasized for a clean event, focusing on record-breakers.

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HANGZHOU, CHINA — Between 150 and 200 Asian Games athletes have already been tested for doping, the Olympic Council of Asia said on Monday, with no positive results so far.

Speaking at an anti-doping press conference on the second full day of the Games in the Chinese city of Hangzhou, the OCA said dope-testing was “gaining momentum” at the event.

Mani Jegathesan, an adviser to the OCA anti-doping committee, warned that drug cheats would be rooted out.

Up to 200 athletes have been tested so far, he said, but any positive results will take several days to come through.

“Every athlete participating in these Games must understand that they could be picked at any time,” Jegathesan warned.

“That is the best step to ensuring we have a clean event.”

There are about 12,000 athletes at the 19th Asian Games, more competitors than the Olympics, and Jegathesan admitted it would be impossible to test them all.

Instead, they will prioritise, including picking out those who break world or Asian records.

— AFP

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Foodpanda’s restructuring amid sale speculations

Food delivery giant Foodpanda, a subsidiary of Delivery Hero, announces staff layoffs in the Asia-Pacific region, aiming for increased efficiency. This move coincides with ongoing talks about potentially selling parts of its 11-year-old business.

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Foodpanda, a subsidiary of Delivery Hero, is initiating undisclosed staff reductions in the Asia-Pacific region, as discussions continue regarding the potential sale of a portion of its 11-year-old food delivery business.

In a memorandum circulated to employees on 21 September, Foodpanda CEO Jakob Angele conveyed the company’s intent to become more streamlined, efficient, and agile.

Although the exact number of affected employees was not disclosed, the emphasis was on enhancing operational efficiency for the future.

No mention was made in the memo regarding the reports of Foodpanda’s potential sale in Singapore and six other Southeast Asian markets, possibly to Grab or other interested buyers.

Foodpanda had previously conducted staff layoffs in February and September 2022. These actions come as the company faces mounting pressure to achieve profitability, particularly in challenging economic conditions.

The regulatory filings of Foodpanda’s Singapore entity for the fiscal year 2022, ending on 31 Dec, indicated a loss of S$42.7 million despite generating revenue of S$256.7 million.

Angele further explained that Foodpanda intends to review its organizational structure, including both regional and country teams, with some reporting lines being reassigned to different leaders. Additionally, certain functions will be consolidated into regional teams.

Expressing regret over the challenging decisions, Angele assured affected employees of a severance package, paid gardening leave, and extended medical insurance coverage where feasible.

Foodpanda will also forego the usual waiting period for long-term incentive plan grants, and vesting will continue until the last employment date. Employees will retain all vested shares as of their last day of employment.

Foodpanda, established in 2012 and headquartered in Singapore, became a part of Delivery Hero in 2016. The company operates in 11 markets across the Asia-Pacific region, excluding its exit from the Japanese market last year.

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