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.
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.
