As cyber threats evolve and become more sophisticated, industry participants are calling on businesses large and small to prioritize cybersecurity and take proactive steps to protect their digital assets. .
Len Nograles, president and general manager of 888 Tech Exchange Ventures, said the Philippines is in the early stages of protecting itself from cyber threats and is susceptible to various digital threats.
He stressed that it is very important to increase cybersecurity awareness among local businesses as cybercriminal activities have become more rampant and sophisticated in recent times.
“It's not a question of if your business will get hacked, it's a question of when,” Nograles said. His company, 888 Tech Exchange Ventures, helps businesses in Cebu with cybersecurity solutions.
Equipping your IT workforce
Nograles said local businesses need to equip themselves with advanced cybersecurity tools, improve the skills of their information technology (IT) employees and hire cybersecurity experts to protect their data and operations. . He said businesses need to stay on top of the latest advances in the cybersecurity field, as cybercriminals are continually evolving their tactics and methods.
Cyber-attacks have become a serious concern for businesses, and falling prey to a cyber-attack can result in financial loss, reputational damage, and business interruption.
cyber security event
To combat these threats, 888 Tech Exchange Ventures collaborated with American cybersecurity company Resecurity to present “Cyber Threat Intelligence: Evolving” at the Fairfield by Marriott Cebu in Mandaue City on Thursday, April 18, 2024. We will hold an event named “Risk''.
Resecurity is a cybersecurity company that provides an integrated platform for endpoint protection, risk management, and threat intelligence to large enterprises and government agencies around the world.
The event brings together corporate information technology professionals as well as key leaders from various sectors of the business world, including financial institutions, government agencies, utilities, and academia. This activity will focus on the latest cybersecurity trends and explore how cybersecurity professionals can effectively leverage the tools available to them to protect their organizations.
Mr. Nograles said that education and awareness are paramount to effectively dealing with threats in the digital space.
Nograles said that by prioritizing cybersecurity, companies can better protect their assets, maintain their reputation and maintain the trust of their customers and stakeholders.
Hacking, Cyber Security Plan
Hackers recently obtained sensitive data from the Department of Science and Technology, compromising two terabytes worth of data, including research plans, designs, and circuit diagrams.
Last year, multiple government agencies, including the Senate and the House of Representatives, also suffered cyberattacks. Hackers also attacked the websites of the Philippine Health Insurance Corporation and the Philippine Statistics Authority.
President Ferdinand “Bongbong” Marcos Jr. adopted a six-year cybersecurity plan to strengthen the security and resilience of the country's cyberspace.
Executive Order (EO) 58 provides government agencies and government-owned and controlled businesses with the National Cybersecurity Plan 2023 as a “nationwide roadmap for the integrated development and strategic direction of the nation’s cybersecurity.” – Directed to adopt 2028.
“Strengthening the security and resilience of the Philippine cyberspace is one of the key strategies to ensure the safety and security of cyberspace and physical space,” EO 58 said.
Created by the Department of Information and Communications Technology (DICT), the goals of NCSP 2023-2028 include securing the government's network infrastructure, reorganizing the DICT's Cybersecurity Directorate, developing a national cybersecurity threat database that is accessible to the public; Includes institutional affiliations. Telecommunications company aimed at early detection and mitigation of cybersecurity threats. / KOC
