PLDT and its wireless unit Smart Communications have urged Internet users to be wary of websites they visit, especially those that require login credentials.
Scammers often use e-wallet accounts that are not registered under their names. Fraudsters are able to do this by using or buying SIM cards in the black market that are registered with e-wallets under people who sell or lend their identities.
Philippine companies paid $1.6 billion on average through the nose for ransomware attacks in 2022, making the country the third most-extorted by ransomware in the world next only to Japan and the Netherlands, according to cybersecurity firm Sophos.
Microsoft explained that the RaaS economy provides even malicious users with little technical expertise access to ransomware payloads, data leakage, and payment infrastructure. Cybercriminals can buy and use multiple RaaS programs such as Conti or REvil, and switch between them as needed. This market for ransomware services has created an entire industry with its own middlemen, including brokers and other specialized roles.
E-security firm Checkmarx has called for the software industry to secure its supply chains saying that developers don’t always have time to closely scrutinize the inner workings of open source code packages.
Enterprise security software provider Trend Micro announced the official entry of its unified cybersecurity platform ‘Trend Micro One’ which will encompass several of the company’s key business segments under one umbrella platform.
The bank’s removal of clickable links in all forms of communications is in support of a BSP memorandum, which contained recommended control measures against cyber fraud and attacks on retail electronic payments and financial services.
The Bangko Sentral ng Pilipinas (BSP) has warned the public to be vigilant against fraud perpetrated through unsolicited emails or text messages with links that redirect the mobile user to highly suspicious websites.
PLDT-Smart worked with cybersecurity firm Palo Alto to produce a first-of-its kind child protection platform that prevents access to known child sexual abuse and exploitation materials.
