The Securities and Exchange Commission (SEC) has advised corporations to strengthen their cybersecurity as more Filipinos turn to digital transactions amid the Covid-19 pandemic.
The Department of Finance (DOF) has warned the public against false information that DOF secretary Carlos Dominguez III is promoting a cryptocurrency auto-trading program called Bitcoin Revolution.
In the Philippines, however, computer game users increased during the lockdown with the highest recorded data in April at 20.40%.
A new research study from software firm Veritas Technologies has found that consumers overwhelmingly believe businesses should stand up to hackers and refuse to pay ransoms.
The overwhelming type of digital fraud in logistics was shipping fraud wherein criminals typically take over a customer’s account but don’t change the shipping address in order to avoid detection. Once the package has shipped, they intercept it at the carrier website and change the shipping address.
Malicious mining, also known as cryptojacking, are attacks that can inflict both direct and indirect losses for a business.
Ironically, the research also found out that more than one-fifth of the users are still willing to sacrifice their privacy to gain a product or a service for free.
Kaspersky said it is becoming more vital to store passwords securely and look out for possible instances when these credentials could be leaked.