Cyberattacks in PH to increase over the next years
The Philippines is encouraged to rethink its cyber defense strategies as cyber-attacks are expected to continuously increase in the coming years.
In a virtual forum, PLDT and Smart Chief Information Security Officer Angel Redoble said that the number and size of data being stolen every year are “getting bigger, resulting in higher financial losses.”
Redoble, who is also the Chairman and Founding President of the Philippine Institute of Cyber Security Professionals, stated that cyber defense is getting more important every year, which is why there is a need for the country to reconsider and create new strategies.
Despite this growing problem, Redoble noted that defenders are not improving at the pace at which the attackers are upgrading.
The Chief Information Security Officer stated that “defenders are still stuck with frameworks, stuck with standards, stuck with so many things, such as our holidays, our family time, while the enemies are not sleeping.”
Local telecom companies are working with government agencies — such as the National Telecommunications Commission, Department of Trade and Industry, and the National Privacy Commission — in reminding the public to be extra vigilant of suspicious messages and new methods of cyber fraud.
