RSM Hong Kong


RSM Technology Monthly Alert - April 2020



Upcoming Events


Robotic Process Automation (RPA): "Build-your-first-bot" hands on workshop

This workshop is an introductory learn-by-doing bot building experience, that combines facilitated instruction with hands-on, while collaborating with expert-level support.


  • Overview of the Automation Anywhere RPA Platform and its benefits
  • Build your first bot
  • Industry best practices and case studies of leveraging RPA/AI technologies

Date: 12 May 2020 (Tuesday)
Time: 2:30 p.m. - 5:00 p.m. (HKT)
Venue: RSM Hong Kong office, 22/F, Leighton Centre, 77 Leighton Road, Causeway Bay, Hong Kong

Seats are limited, registration will be on first come-first serve basis.


Webinar event: How technology play a pivotal role in budgeting and forecasting?


  • How to streamline your planning and budgeting processes, and to produce forecasts and targets that are fresh, relevant and actionable.
  • How the reporting capabilities in technology solution enable you to make smarter and faster business decision-making.

Date: 22 May 2020 (Friday)
Time: 10:00 a.m. - 11:00 a.m. (HKT)
Language: English
Organiser: RSM Hong Kong (Partner with Oracle NetSuite)

For more details and registration, please stay tuned to our website and social media.

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IT Insights


Automation Anywhere: An intelligent document processing leader

"Automation Anywhere has demonstrated the strongest year-over-year movement on both market impact and vision & capability dimensions and emerged as a ‘2020 IDP Market Star Performer,’” the report states, referring to our more than 200% client base growth. Additionally, the report notes Automation Anywhere is among a handful of companies with the highest license revenue from IDP products. The IDP market continues to grow more than 50% year over year, according to the report, indicating intelligent document processing is a game changer for businesses. It promises to streamline document processing and preparation, improve compliance and governance, decrease costs, and boost customer satisfaction.

Tencent, Baidu gain ground on Alibaba as China’s cloud market expands at rapid pace

Tencent Cloud’s share in the country, the second biggest cloud market in the world, grew to 18 per cent in the fourth quarter of 2019, behind Alibaba which accounted for 46.6 per cent of the total spend as the biggest cloud service provider in China, according to a Canalys report last week. Tencent is gradually catching up with the leading player. In the first quarter of last year Alibaba and Tencent accounted for 47.3 per cent and 15.4 per cent of the market respectively, a report by Canalys in June showed. Baidu’s AI Cloud moved into third place with an 8.8 per cent share in the fourth quarter, up from 8 per cent and fourth place in the first quarter of 2019, behind Alibaba, Tencent and Amazon. China’s cloud infrastructure market grew 66.9 per cent to US$3.3 billion in the fourth quarter of last year, which accounted for a 10.8 per cent share of the global total. For the full year, China’s spending on cloud infrastructure services increased 63.7 per cent to US$10.7 billion.

Beijing implements blockchain invoicing for enhanced transparency

Beijing has announced that it will implement blockchain invoicing as it seeks to enhance transparency for its taxpayers. In an announcement by its tax bureau, the city stated that the use of blockchain will also allow it to reduce costs and make it easier for the taxpayers to authenticate the invoices. Beijing, which is China’s second largest city, will rely on the immutable nature of the blockchain to enhance transparency for its taxpayers. In its announcement, the Beijing Municipal Tax Service stated, “To reduce taxpayers operating costs, save social resources, increase consumer convenience for saving invoices and build a healthy and fair tax environment. The tax bureau of Beijing has decided to pilot the application of blockchain electronic general invoice.”


System Updates


BlackLine recognized as a 2020 gartner peer insights customers' choice for cloud financial close solutions

Accounting automation software leader BlackLine, Inc. (BL) announced today it has been named a 2020 Gartner Peer Insights Customers' Choice for Cloud Financial Close Solutions as reported in Gartner's newly released Gartner Peer Insights 'Voice of the Customer': Cloud Financial Close Solutions*.Gartner Peer Insights Customers' Choice is based on feedback and ratings from end users who have purchased, implemented and/or used BlackLine's cloud platform and recognizes "the vendors that are the most highly rated by their customers." BlackLine customers posted 149 reviews on Gartner Peer Insights in the past 12 months ending March 16 th, 2020 – more than twice that of any other company in the category. 



Cybersecurity Announcements


New Mozart Malware: a ‘Classical’ case of DNS abuse

DNS has a historical past of being abused to facilitate malicious exercise. It’s ubiquitous, it’s dependable, and it usually isn’t appropriately monitored or filtered. DNS can be one of the simplest ways to summary a service from a particular IP handle. It’s why most malware leverages the protocol to hold out an assault. Mozart, the malware first found by MalwareHunterTeam, is a basic case of an adversary utilizing DNS for command and management. Its creator(s) is/are utilizing TXT information to return instructions to the put in malware. Mozart units up a direct line of communication between a contaminated consumer and its server. It does this by hardcoding a DNS server IP handle to which a contaminated consumer resolves, thus bypassing central DNS servers, coverage guidelines, and monitoring. The instructions that are then transmitted between the malware server and contaminated system are hidden in DNS TXT information.

Blockchain tapped to combat ad fraud

Blockchain has been impacting the advertising industry for years now, but for the first time, it will be used in the digital out-of-home (DOOH) advertising sector. Blockchain solutions provider Aqilliz has launched the blockchain-powered DOOH platform for food delivery giant Foodpanda. The company is counting on blockchain to combat ad fraud which has become rampant in the digital era. Even in cases when the DOOH advertising is digitized, ad fraud is widespread as there’s no full-proof way of determining the ad campaigns’ success. Aqilliz believes blockchain can solve this, partnering with ad-tech company Moving Walls on the venture.

Stantinko botnet’s unique obfuscation tactics revealed in new report

The Stantinko botnet has been a menace since it was discovered in 2012. In a new report, security researchers have revealed some of its obfuscation techniques, offering an insight into why it has been so difficult to detect. The techniques, which the report describes as unique, involve the obfuscation of strings and control-flow flattening. The security researchers from Slovak internet security company ESET were the first to discover that Stantinko had added digital currency mining to its pool of criminal activities. In a report last November, they revealed that the botnet had moved from click fraud and ad injection to mining Monero.