Titled “Mapping a secure path for the future of digital payments in APAC,” the 2021 study found that 72% of respondents in SEA experienced cyber threats, while nearly all were aware of at least one type of threat related to e-payment platforms.
The Philippines, which placed fourth in Kaspersky’s 2021 global ranking of countries most targeted by web threats, also saw social engineering scams via texts or calls as the top risk, with 42% of respondents having encountered them. The study also found that the financial loss from a cyber-incident involving digital payments ranges from under $100 to $5,000, with a small number of respondents having reported a loss of over $5,000.
The government’s goal is to push the Philippines forward to maturity level 5 or a “resilient enterprise” in cybersecurity terms within five years, DICT Acting Secretary Emmanuel Rey R. Caintic said in an interview withMs.