Taiwan, a key player in the global supply chain, now faces state-sponsored cyberattacks that average 2.4 million hits daily on its government networks amid Beijing’s military drills. With attackers increasingly using AI-enhanced tactics, the island’s cybersecurity defenses are under unprecedented strain.
A recent stock investment scam in Taiwan, which defrauded a woman of NT$13.7 million, highlights the growing risks of financial fraud in the digital age. As online scams become more sophisticated, Taiwan’s government and financial sector are ramping up regulatory measures, AI-driven fraud detection, and public awareness campaigns to combat rising cybercrime.
Taiwan’s National Institute of Cyber Security (NICS) is strengthening critical infrastructure defense with OT cyber ranges, Zero Trust Architecture, and AI-driven threat response. Through proactive testing and industry collaboration, NICS aims to enhance cybersecurity resilience nationwide.
As the U.S. and other nations face the rising challenge of electoral interference, Taiwan’s experience offers valuable insights. Leveraging blockchain and image authentication technologies, companies like Numbers Protocol work to protect digital assets’ integrity, aiming to build public trust in election coverage amidst a global surge in AI-driven disinformation.
The crisis in Ukraine has sparked discussions among policymakers in Taiwan on how to enhance the island’s defense capabilities, including through a recently intensified reservist training program and proposals to lengthen the conscription period. A key takeaway for many is that training, motivation, leadership, mobility, and flexibility are just as much key factors in defending…
Since 2006, Amazon Web Services (AWS) has offered on-demand IT infrastructure services to businesses in the form of web services – also known as cloud computing. This model of IT eliminates the need for businesses to procure or purchase their own IT infrastructure in advance of anticipated business needs. AWS technology replaces upfront capital expenditures…
The island’s world-leading ICT and semiconductor sectors have come under the spotlight following a series of high-profile cyberattacks. In late March, Taiwanese tech hardware giant Acer reportedly was the victim of a ransomware attack – a type of cyberattack in which money is demanded in exchange for hacked sensitive data. According to media reports, the…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…
Security concerns about Chinese products are giving Taiwanese companies a competitive edge in overseas markets. Taiwanese enterprises have long played a crucial role in the field of biometrics, seeking to help the world move beyond passwords and chip cards to more convenient and secure forms of authentication. From a fingerprint-reading device for entrance control at…
Adroit marketing and retailing have helped China’s top handset makers boost sales in Taiwan, but concerns about data security are mounting. Among smartphone brands, Taiwanese consumers have long favored Apple, which holds a little over one-quarter of the market. Samsung follows with almost 19%, according to data from German research firm GFK Global. Subsidies from…
