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.
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.
