The FinTech Alliance Philippines has thrown its support behind the Bangko Sentral ng Pilipinas (BSP) after the central bank invoked the Anti-Financial Account Scamming Act (AFASA) for the first time in connection with the ongoing flood-control corruption controversy.
Cybersecurity firm Trend Micro has warned that artificial intelligence (AI) is increasingly being used by cybercriminals to accelerate illegal operations, underscoring the growing risks posed by emerging technologies.
The hacktivist group Deathnote Hackers International has claimed responsibility for the leak of roughly 445,000 entries from Pagcor's National Database of Restricted Persons (NDRP), which contains names of government officials prohibited from playing in gambling establishments.
The directive requires organizations to phase out password-only logins and transition to more secure, phishing-resistant methods such as passwordless authentication based on FIDO (Fast Identity Online) standards.
Palo Alto Networks has underscored the urgent need to address cybersecurity risks linked to artificial intelligence (AI) adoption in the Philippines, as introduced technology industry veteran Bernadette Nacario as its new country manager.
A new report from cybersecurity Sophos has found that nearly nine in ten organizations in the Philippines are grappling with cybersecurity burnout, with experts warning that the shortage of Chief Information Security Officers (CISOs) is making the problem worse.
Data from the Cybercrime Investigation and Coordinating Center (CICC) showed a sharp increase in cybercrime complaints, from 3,317 in 2023 to 10,004 in 2024. Consumer fraud comprised 35% of the reports, with losses nearing ₱198 million.
In 2024, Kaspersky blocked over 10.7 million phishing attempts worldwide linked to financial scams involving cryptocurrency, an 83 percent jump from the previous year. In the Philippines alone, 38,370 of these attacks targeted financial institutions.
A report from SailPoint revealed that 41% of organizations are only beginning to enhance their identity security measures, while a mere 10% are investing in more sophisticated security solutions.
The SEC said the public is being deceived by the manipulated videos and audio recordings of Gokongwei into investing in an electronic platform registered in Nicosia, Cyprus.
