Report: PHL firms see surge in disruptive cyber attacks • Lorenz S. Marasigan

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The Philippines recorded the highest number of disruptive attacks across Southeast Asia in the past year, making cybersecurity a critical requirement for companies based in the country, cybersecurity firm Palo Alto Networks said on Wednesday. Palo Alto Networks Regional VP Steven Scheurmann said the company’s 2023 State of Cybersecurity Asean Report found that Philippine organizations

The Philippines recorded the highest number of disruptive attacks across Southeast Asia in the past year, making cybersecurity a critical requirement for companies based in the country, cybersecurity firm Palo Alto Networks said on Wednesday.

Alongside Malaysia, the Philippines “experienced the highest number of disruptive attacks in Southeast Asia, with 29 percent local organizations experiencing a 50 percent or more increase in incidents.” Furthermore, Scheurmann reported that organizations in the Philippines face three main cybersecurity challenges: Increasing digital transactions leading to greater exposure to cyber-risks; risks from personal devices or home networks accessing corporate networks; and the need to procure a wider array of cybersecurity solutions.

“It is imperative for them to update their security capabilities, and an actionable incident response plan is the first step towards redefining their security strategy, along with a greater emphasis on automation of existing cybersecurity processes to foster resilience and confidence.”

 

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