MSMEs

Banks extend extension to those affected by ‘Otis’ in Acapulco and Coyuca de Benítez

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Banks extend extension to those affected by ‘Otis’ in Acapulco and Coyuca de Benítez

Mexico City. The banks will give six more months of extension to the inhabitants of Acapulco and Coyuca de Benítez, Guerrero, who were affected by the Hurricane Otisso that they pay their credits. The monthly payment deferral program was initially planned for one semester, but now it will be extended for a full year, reported … Read more

Dakara Indonesia: Ethnic Fashion Brand Benefits from Buy Local 12.12 Campaign

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Dakara Indonesia: Ethnic Fashion Brand Benefits from Buy Local 12.12 Campaign

Similar to Rabbit Hole, ethnic fashion brand Dakara Indonesia has also benefited from the Buy Local 12.12 campaign. “By participating in the 12.12 program, it really helps us sellers in making sales.” said Ayu, owner of Dakara. “However, the challenge is that currently many new sellers have emerged who are participating in enlivening online sales. … Read more

The Impact of Imported Products on Local Convection Businesses in Indonesia

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TEMPO.CO, Jakarta – Entrepreneur convection from Bandung, Gratitude, who is one of the sellers on the online platform, recounted the impact of the rush of imported products into Indonesia. This was conveyed in accordance with a meeting with the Minister of Cooperatives and SMEs Teten Masduki.

Gratitude said that his business suffered huge losses due to the onslaught of foreign products bankrupt. “We are small convection difficult to compete with Chinese goods,” he said at the Ministry of Cooperatives and Small and Medium Enterprises Building, South Jakarta, on Monday, August 14, 2023.

He gave an example of one of the goods produced by his convection business, namely sweaters. According to Gratitude, his party can no longer compete with foreign products in terms of price. “So our convection must lie down,” he said.

According to Gratitude, the price of Chinese products is too cheap. For a sweater, the price is set at IDR 25-40 thousand. This price, he said, does not cover the cost of production.

This makes his business turnover down 30-50 percent. Unable to compete with products from outside, Gratitude chose to focus on developing his business from other products.

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The price of imported products offered is very cheap

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MSME Traders at Jakarta Fair Report Theft of Goods by Visitors

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MSME Traders at Jakarta Fair Report Theft of Goods by Visitors

TEMPO.CO, Jakarta – Several MSME actors at the regional pavilion Jakarta Fair Kemayoran 2023 said that many of their wares were stolen by visitors during the exhibition. Very busy visitors made them unable to keep an eye on the products on display. Oktavianti, a culinary and clothing seller at the pavilion in Banten Province, said … Read more

Rising Cybersecurity Threats Targeting MSMEs: Report by Kaspersky

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TEMPO.CO, Jakarta – A security company cyber from Russia, Kaspersky revealed that the number of malicious file detections targeting MSMEs during the first five months of 2023 reached 764,015. The report also discloses the methods used by cyber criminals (hackers) and raises the urgent need for increased protection for MSME cyber security.

These methods include exploiting vulnerabilities, using phishing emails, deceptive text messages, and even using seemingly harmless YouTube links. “All with the aim of gaining unauthorized access to sensitive data,” said the Kaspersky report quoted Monday, July 3, 2023.

In detail, the most common threat was exploits, which accounted for 63 percent (483,980) of all detections during the first five months of 2023. These malicious programs target software vulnerabilities.

“Allowing cybercriminals to run malwareelevating their privileges, or interrupting critical applications without user interaction,” wrote Kaspersky.

Then, phishing threats and scams also pose a significant risk to MSMEs. The way cybercriminals cleverly trick employees into divulging confidential information or falling victim to financial scams.

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Kaspersky exemplifies such deceptive tactics as specially designed fake banking, shipping and credit service pages. The aim is to deceive unwary individuals.

Kaspersky highlights methods of infiltrating employees’ smartphones

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