Education institutions faced the highest data encryption rate (73%) compared to other sectors (65%), and the longest recovery time, with 7% taking at least three months to recover – almost double the average time for other sectors (4%).
The Sophos survey showed that 95 % of Philippine companies agree their biggest security challenge in the next 24 months will be the awareness and education of employees and leadership.
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.
UK-based cybersecurity firm Sophos has warned against the emergence of new email phishing scams, which sneak malware and exploits into the network, and credentials and sensitive data out.
Sophos has found a resurgence of fake alerts, called scareware or malvertising, that lure users into thinking their need technical support and then buying fake apps or fleeceware off a mobile app store.
According to a new cloud survey from cybersecurity Sophos, organizations in the Philippines experienced a public cloud security incident in the last year – including ransomware and other malware (77%), exposed data (40%), compromised accounts (40%), and cryptojacking (16%).
