The BSP urged banks instead to personalize SMS messages and emails for banking services and implement mandatory notifications for fund transfers exceeding a predefined amount.
The Manila site for Kroll is considered an important hub in the company’s expansion strategy in the Asia Pacific region and represents their commitment in making the Philippines a vital component in their overarching global growth strategy.
As the digital landscape in the Philippines continues to evolve, a large chunk of enterprise attack incidents are still being proliferated through malicious links and attachments embedded in emails.
As Covid-19 increasingly drives work and leisure activities towards online platforms, Asean organizations predict that the one cybersecurity trend businesses need to pay attention to the most in 2022 will be for cyberattacks to affect personal safety.
For healthcare organizations, the key to overcoming such new cybersecurity challenges is first understanding the unique risks that the sector faces and trying to keep a step ahead. Constant vigilance has to be the norm.
California-based cybersecurity firm Palo Alto Networks recently released its predictions and expectations for the global cybersecurity industry in the coming year 2022. Some of Palo Alto’s forecast include bitcoin becoming a financial tool for cybercriminals and digital services growth spurring greater digital fraud.
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 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.
Attackers are using the apps to steal money from people who believe they have installed a financial trading, banking, or cryptocurrency app from a well-known and trusted organization.
The cybersecurity skills gap also continues to be a problem for businesses in the Philippines. Nearly 45% of local businesses have said that lack of cybersecurity skills is challenging for their organization.
