No tech winter for SEA’s cybersecurity, but there’s a long road ahead

Check out our top articles for the week [Read from your browser]( Top Stories of The Week Hello {NAME} Cybersecurity is on the rise in Southeast Asia, with more multinational firms seeking to enter and expand in the region. Governments, regulators, institutions, and companies are particularly interested in safeguarding their tech systems. The Covid-19 pandemic seems to have been the catalyst for change in the region as digitalization and remote working became essential for many organizations. Naturally, this meant that tighter cybersecurity measures were needed, especially given the jump in cloud usage. It is heartening that more companies now see cybersecurity as a priority,, even more so when the sector matters enough that it remains strong in the face of the macroeconomic slowdown. But despite these promising developments, cybersecurity in Southeast Asia still has a long way to go. That’s what Peerapong Jongvibool, a regional executive with cybersecurity firm Fortinet pointed out in the premium article I recently wrote. But hey, better late than never, right? -- [Xavier]( journalist at Tech in Asia --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [SEA demands cybersecurity despite tech winter]( The cybersecurity sector has been thriving in Southeast Asia, with macrotrends supporting the industry despite the economic slump. 2. [Zilingo Philippines delays salaries amid company’s uncertain future]( Zilingo’s management team in the country plans to sell office assets to pay employee salaries, which have been stalled for nearly two months. 3. [Is Vietnam late to Southeast Asia’s digital banking party?]( The country doesn't have a formal framework for digital banks, and aspirants face an uphill battle for customer adoption. 4. [Despite the Terrapocalypse, huge crypto staking rewards are still a draw]( Investors have sobered up following Terra’s collapse. While high staking rewards are not going away, projects now need to refocus to deliver value. 5. [Indian unicorns exit Indonesia, raising questions over expansion strategy]( MPL’s recent retreat from Indonesia illustrates broader challenges that Indian startups face when expanding in Southeast Asia’s largest market. 6. [A Gojek-backed firm’s rise as Spotify’s rival]( Audio platform Noice is in the right place at the right time. But can it take on an ambitious international goliath in Indonesia’s podcast space? 7. [Indian edtech firm earmarks $100m for acquisitions, eyes SEA]( BrightChamps' co-founder says the market is fertile for those looking to acquire companies at relatively lower prices. 8. [Tracking layoffs across Asia’s startup ecosystem (Updated)]( Several startups are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders. 9. [First Luna, now Celsius. What’s behind the latest crypto crisis?]( Are Celsius’ issues just the latest crypto casualty? Or is this the start of something worse? 10. [India’s young roll-ups may be in for a wake-up call]( One year and two unicorns later, India’s roll-up ecommerce space faces a reckoning amid a broad economic slowdown. --------------------------------------------------------------- EVENTS HAPPENING You can check out a curated list of trending tech events [over here](. - *Event* [Fintech Forum]( on July 7 Join us at this year's Fintech Forum, hosted by Tech in Asia and Amazon Web Services (AWS). 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