e-Security

Attackers are using the apps to steal money from people who believe they have installed a financial trading, banking, or cryptocurrency app from a well-known and trusted organization.

But, the propensity of Philippines organizations to pay the ransom (4%) is way lower than the worldwide average (32%), the report from Sophos said.

The National Computer Emergency Response Team (N-CERT) and cybersecurity firm Kaspersky have recommended ways on how to prevent becoming a victim of the malicious tagging in Facebook.

The original name and profile picture of the account were eventually restored, but with the scam and spam messages still present.

Identified as the most common malicious software (malware) detected in mobile devices of Filipinos are Trojans.

A security researcher who analyzed the leaked files found that a Philippine data set contained over 899,000 entries, larger than the popularly reported figure of 879,699.

Reports over the weekend have indicted that a large-scale breach affected 533 million global users in Facebook.

The cybersecurity skills gap also continues to be a problem for businesses in the Philippines. Nearly 45% of local businesses have said that lack of cybersecurity skills is challenging for their organization.

However, overall awareness of webcam security is promisingly high, with nearly six-in-ten (59%) worried that someone could be watching them through their webcam without them knowing, and 60% concerned that this could be done via malicious software.

The cybersecurity firm said banks remain “charming” targets for cyber adversaries.