As online transactions become the new norm since the onset of the pandemic, cyberattacks proliferated around the globe, compromising data security, and incurring millions of losses among organizations.
One of the top cyber threats is ransomware, a type of malicious software that threatens to publish a victim’s personal data, or make use of encryption to block access, or hold hostage the victim’s files until a sum of money is paid.
According to a report from Kaspersky Security Network, cybersecurity threats in the Philippines increased by 59 percent with over 44.4 million detections for 2020 alone, and over 7,000 companies encountering ransomware attacks.
A United Kingdom-based cybersecurity firm, Sophos, also found that organizations in the country spent an average of $820,000 to recover on attacks, including the ransom and cost incurred because of the system downtime.
Moreover, the chief information security officer said that ePLDT has been boosting its cybersecurity solutions to assist organizations in solidifying their data protection capabilities.
ePLDT Security Operations Center (SOC) has been providing cybersecurity services that protect businesses against cyberattacks. It provides services such as cybersecurity consulting for identifying possible threats, incident response, and managed security for various security solutions suited for the needs of businesses.
Likewise, to better help institutions in reinventing and revolutionizing their business operations including cybersecurity, PLDT, the country’s largest integrated telecommunications company, will hold the most prestigious digital thought leadership event, the Philippine Digital Convention 2021 (PH Digicon 2021).
The three-day convention aims to guide decision-makers in rethinking the way they conduct their business with insights from industry and technology experts around the world and help them revolutionize their organization with technologies needed to stay ahead and thrive in the ever-changing business landscape.
The PH Digicon will be on October 6 to 8, 10:00 AM to 8:00 PM. To register, visit phdigicon2021.com.