Under the proposed rules, a regulated entity must create a management group called the Information Security Group (InfoSec Group), separate from its existing Information Technology Group, and appoint a Chief Information Security Officer.
Online crimes and threats were prevalent during the earlier days of the community quarantine but these were sufficiently addressed by local banks and other financial institutions, the Bangko Sentral ng Pilipinas (BSP) said.
Sen. Risa Hontiveros has called on the Commission on Audit to review the Department of National Defense's (DND) 2020 spending on cybersecurity in light of the agency's proposed P500-million fund for the same category in 2021.
BPI chief operating officer Ramon Jocson said that most of the attacks are perpetrated by Filipino syndicates that have been taking advantage of the current global health crisis.
In the middle of the pandemic, it was revealed in a recent Kaspersky survey that when it comes to online security, Filipinos are now most concerned about their online activities such as dating and meeting people (86%) as well as their financial transactions (85%) and shopping activities (75%).
Dito also brushed off suspicions that China has control of the new telco, which is majority-owned by Davao-based businessman Dennis Uy, a close friend of President Duterte.
The report from cloud security firm CrowdStrike also said it observed an increase in electronic crime activity – up by more than 330 percent since the start of 2020, as compared to the same period in 2019.
A reliable source told Newsbytes.PH that former police officer Cesar Mancao has been appointed as executive director of the Cybercrime Investigation and Coordination Center (CICC).
