Fake News. Data Breach. Phishing. Ransomware. Cryptojacking. AI-Driven Threats.
Malicious attacks and cyber incidents, which are mounting in sophistication, loom the information technology systems that underpin most of the critical and non-critical infrastructure in the Philippines.
The need to address the country’s cybersecurity challenges has become extremely significant as we move towards an economy powered by connectivity, big data and the Internet of Things. Public sector, large enterprises and even start-ups can no longer invest in obsolete methods of detection and defense and must realise how cyber security impacts their strategy and long-term sustainability
The digital economy in the Philippines has the potential to add US $8 billion to the country’s GDP over the next three years. However, cyber threats and attacks could obstruct trust and resilience in the digital economy and prevent the nation from realizing its full digital potential.
While threats, attacks and risks continue to pile up, conclusively the challenge organisations were about to face in 2019 aren’t insurmountable. The crucial aspect of managing them successfully is staying up-to-date with security systems understanding probable future threats and pacing back to comprehend big-picture trends that are driving them.