Tag Archive for: Decline

Sun Pharma says revenue may decline as operations hit due to ransomware attack

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India’s largest drug manufacturer Sun Pharma on March 26 said its revenue is expected to decline as the company’s operations have been affected due to a ransomware attack.

On March 2, the pharma major said an information technology security incident had occurred and impacted IT assets. A ransomware group was behind the attack, Sun Pharma said.

“The incident’s effect on the IT systems includes a breach of certain file systems and the theft of certain company data and personal data,” it said in a filing with the stock exchanges on late Sunday.

The Mumbai-based pharma company said it has isolated the network and initiated the recovery process as part of the containment measures.

“As a result of these measures, the company’s business operations have been impacted. Consequently, revenues are expected to be reduced in some of our businesses,” Sun Pharma said.

However, the company said it would incur expenses concerning the incident and the remediation.

Sun Pharma said it is unable to determine other potential adverse impacts of the incident, including but not limited to additional information security incidents, increased costs to maintain insurance coverage, the diversion of management and employee time, or the possibility of litigation.

Sun Pharma was up 0.44 per cent on Monday, trading at Rs 977 on BSE by 10 am.

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Decline in mobile malware but hackers show growing sophistication

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Mobile malware attacks in Singapore declined 15.9% to 7385 in 2021 compared to the year before, in line with a global downward trend in the number of attacks on mobile users, according to global cybersecurity company Kaspersky.

Globally, the number of mobile malware attacks have been falling gradually from a peak of 6.49 million in October 2020 to a low of 2.23 million in December 2021, based on detection verdicts of Kaspersky products received from users worldwide.

As its name suggests, mobile malware is a malicious software that specifically targets the operating systems of mobile devices such as smartphones and tablets. However, despite a decrease in the number of attacks, users should not be letting their guard down considering that attacks are becoming more sophisticated in terms of both malware functionality and vectors.

“The future is definitely mobile here in Southeast Asia. At the surface, it may seem that cybercriminals are becoming less active because of the decreased mobile malware attacks. But it is a global trend and it does not necessarily mean we are safer,” says Yeo Siang Tiong, general manager for Southeast Asia at Kaspersky.

“We have to note that as we embrace digital payment apps more, we unconsciously put more of our hard-earned money in our devices. Our devices which usually remain vulnerable from simple malware attacks,” he says. 

“There is a gap between awareness and action here in Southeast Asia so I urge digital payment providers and regulators to help us in encouraging users to protect their mobile devices too.”

In Singapore, the top-5 mobile malware detected in 2021 are as follows:

1.       Trojan-Downloader

2.       Trojan

3.       Trojan-Dropper

4.       Trojan-SMS

5.       Backdoor

Southeast Asian nations, primarily Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore, collectively saw a decrease in mobile malware attacks from 605,192 in 2020 to 598,588 in 2021, representing a 1.1% decline as Kaspersky data revealed.

Globally, 2021 saw repeat incidents of malicious code injection into popular apps through ad SDKs, as in the sensational case of CamScanner — where Kaspersky found malicious code…

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Russia is in decline but still poses military threat: NATO chief

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NATO Secretary General Jens Stoltenberg during a meeting of NATO foreign ministers to discuss how to counter a Russian military build-up on Ukraine’s border amid fears the Kremlin could be preparing to invade, taken in Riga, Latvia on November 30, 2021.

Gints Ivuskans | AFP | Getty Images

Russia may be in economic decline, but it still poses a formidable military threat — particularly in the realm of advanced weaponry and cyberwarfare, NATO’s Secretary General Jens Stoltenberg said Thursday.

“Russia is a power in decline, meaning the economic importance of Russia, the GDP is not keeping track with many other countries in the world. But even an economy in decline and a power in economic decline can be a threat and a challenge,” the NATO chief told CNBC’s Hadley Gamble.

“Not least because Russia has nuclear weapons. And Russia is investing in new modern military capabilities, deploying new hypersonic missiles, and also new nuclear-capable missiles deployed here in Europe. And therefore we need to take that very seriously,” Stoltenberg said.

The comments come amid heightened tensions and a volley of verbal threats between Russia and the West, against the backdrop of a massive Russian troop buildup along the border of Ukraine.

Ukrainian and Western officials fear a Russian land invasion of its western neighbor, whose Crimean peninsula Russia annexed in 2014. Moscow has rejected the notion, pointing the finger instead at what it says is aggression from Ukraine.

Western officials have warned of “severe consequences” for Russia in the event of a conflict, but have not specified what those might be beyond potential sanctions. Some analysts say this signals a lack of decisiveness or unified approach among Western leaders as to how to deal with Russia.

The situation is complicated by current energy market dynamics.

Ukraine’s Foreign Minister Dmytro Kuleba told CNBC on Thursday: “Putin has not decided yet whether to do a military operation … But if he decides to do so, things will happen in the blink of an eye.”

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Global Smartphone Sales Decline 6.8% in Q3

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STAMFORD, Conn. — Smartphone sales across the globe dropped 6.8% in the third quarter of 2021, when compared to the same period last year.

Component shortages disrupted production schedules, leading to lower inventory and delayed product availability, which eventually impacted sales to end-users, according to the market research firm Gartner last month.

The current shortage of components, such as radio frequency and power management integrated circuits, delayed smartphone production globally, Gartner said. This disrupted the supply-demand equilibrium and end users were burdened with limited choices at point of sale.

Sales of premium smartphones continued to grow even though overall smartphones sales declined in the quarter.

“Despite strong consumer demand, smartphone sales declined due to delayed product launches, longer delivery schedule and insufficient inventory at the channel,” said Anshul Gupta, senior research director, Gartner. 

“Supply constraints impacted the production schedule of basic and utility smartphones much more than premium smartphones.”

Samsung ranks No. 1 in smartphone sales in the the third quarter of 2021, though its market share declined 1.9% year over year, according to Gartner. Despite the overall decline, Samsung experienced growth of its premium smartphones, led by strong demand for revamped foldable smartphones. 

Apple ranks No. 2 in sales, and Xiaomi ranks No.3 in the period, Gartner said. 

Chinese smartphone vendors Xiaomi, Vivo, and OPPO increased their year-over-year market share 1%, 2.4%, and 1.7%.

See more: Mobile Security Trends

Worldwide Smartphone Sales to End Users in 3Q21

(Thousands of Units)

Vendor 3Q21
Units		 3Q21
Market Share (%)		 3Q20
Units		 3Q20
Market Share (%)
Samsung 69,002.7 20.2 80,816.0 22.1
Apple 48,458.6 14.2 40,598.4 11.1
Xiaomi 44,483.3 13.0 44,405.4 12.1
Vivo 36,005.9 10.5 29,788.8 8.1
OPPO 33,623.9 9.8 29,850.4 8.1
Others 110,718.4 32.3 140,807.8 38.4
Total 342,292.8 100.0 366,266.9 100.0

Note: Due to rounding, some figures may not add up to the totals shown.
(Source: Gartner)

Apple continued to experience strong demand for iPhones led by feature upgrades and under-penetrated 5G installed base, according to Gartner. An…

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