Cybersecurity provider Palo Alto Networks recently revealed the findings from its threat research team Unit 42 that shed light on the major disconnect between an organization’s perception of their security to the reality of threats that pose great risk and can impact the business catastrophically.
Re-electionist senator Sherwin Gatchalian took note of a recent incident relayed in a newspaper column on how a housewife's credit card was charged P1.7 million after her SIM card was replaced by fraudsters to underhandedly carry out online credit card transactions.
The Bankers Association of the Philippines (BAP) has launched its Anti-Scam Campaign, a wide-ranging information campaign undertaken with various partners that aims to promote cybersecurity, cybersafety, and awareness among the Filipino banking public.
The study from Accenture also revealed that four in five respondents (81%) believe that “staying ahead of attackers is a constant battle and the cost is unsustainable” — an increase from 69% in last year’s survey.
The operator said SIM swap scam is the latest scheme being carried out by scammers wherein the perpetrators take over an individual’s financial accounts such as bank accounts, e-wallets, and credit cards.
Worries over cybersecurity threats are growing in the small and medium-sized business spheres in the Philippines over the outcomes of cyber incidents, a majority of which are losing customer information to malicious actors. This trend is directly affecting the decision making of SMB players towards strategic measures to improve overall cybersecurity posture.
In terms of regional distribution, the Philippines logged the highest number of unique users attacked in Asia Pacific at 22.26% of all banking Trojans discovered in the region.
Cloud software provider Okta recently released the results of a commissioned study entitled “The State of Zero Trust Security in Asia Pacific 2021” to gauge the attitude of security execs in the region towards the Zero Trust approach, a system that revolves around constant assessment of user access privileges in cloud-based environments.
