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.
The National Privacy Commission (NPC) said on Tuesday, Oct. 5, it has received reports of “smishing” where mobile users received unsolicited SMS messages allegedly due to the contact information they provided in Covid-19 contact tracing and health declaration forms.
Private and public sector organizations in Asia should prioritize partnerships and cooperation to build a substantial technology talent pool to be ready against escalating cyberattacks.
X-Files and the slogan it helped popularize best explain Zero Trust, an emerging trend in cybersecurity that is here to stay, even after the pandemic is over.
The Philippines ranks high as the fourth country in Asean targeted by ransomware attackers while remaining at a low 82nd when it comes to cybersecurity readiness.
Fortinet’s semi-annual FortiGuard Labs Global Threat Landscape Report also shed light on the volume of ransomware activity of this year compared to last year, which ha snow grown by tenfold. These attacks are targeting supply chains of multiple organizations and are affecting critical infrastructure and productivity.
