LATEST NEWS

Vice President Leni Robredo and her spokesman Barry Gutierrez will file a case at the Quezon City Prosecutor’s Office on Friday, May 6, against online news site journalnews.com.ph for publishing “false statements” against them.

Another daughter of Vice President Leni Robredo asked assistance from the National Bureau of Investigation (NBI) for the spread of the lewd sex videos allegedly featuring her on various internet sites.

The World Travel & Tourism Council (WTTC) launched a major new report at its Global Summit in Manila today, to help the sector’s stakeholders understand how cyber resilience is shaping the Travel & Tourism sector and plan for a safer and more robust future.

Vice President Leni Robredo’s eldest daughter Aika asked the National Bureau of Investigation (NBI) to investigate the spread of a fabricated sex video claiming to be her on various internet sites and social media platforms.

Email security and cyber resilience company Mimecast Limited, has announced it is continuing its expansion in APAC by establishing an office in Singapore as a regional hub for focus on South-East Asia. The company has appointed Stanley Hsu as its Regional Vice President, to help improve the cybersecurity posture of organizations and supply chains, in this expansion in the APAC region. For Mimecast, South-East Asia is a focused strategic growth market. Organizations in this region are experiencing rapid digital transformation, and as cybercrime becomes a growing concern for governments and businesses alike, cybersecurity needs to be a core component in their transformation journeys.

Vice-presidential candidate Sen. Francis “Kiko” Pangilinan on Monday, Feb. 14, filed a libel case against YouTube channel Maharlika for spreading false and malicious content that intends to inflict damage on him and his family.

The House of Representatives ratified House Bill (HB) 10689, a bill aimed toward combating “phishing,” online fraud, and other forms of cybercrime following the recent spate of alleged phishing and hacking incidents involving Banco De Oro (BDO) and Land Bank of the Philippines (LBP).

Senator Sherwin Gatchalian on Monday slammed the reported hacking of teachers’ bank accounts by still unidentified “unscrupulous individuals” whom he said are concocting all kinds of methods to steal money via online and other digital means.

Senator Grace Poe on Monday pushed for the passage of a measure that would provide increased protection for bank account holders and consumers of other financial products.

Anakalusugan Rep. Mike Defensor has warned those behind the hacking of BDO Unibank accounts that they are bound to face economic sabotage as authorities are already discovering the identities of the perpetrators behind the cybercrime.

The increasing cases of hacking and cybercrimes launched against some of the Philippines’ leading institutions require no less than a collective cyber defense. Financial institutions, banks, fintech, and other members of the private sector must band together and collaborate to protect their systems—-and the private data of their thousands of consumers. The dialogue must happen now, leading to an Open Finance Framework that can bring about transparency, accountability, and a stronger wall of defense against online invaders.

Three House of Representatives committees were asked on Monday, Dec. 13 to conduct a congressional inquiry into the reported fraudulent bank transactions that have allegedly victimized depositors of BDO Unibank Inc.

The number of domains used by digital scammers dropped significantly in the past three days after PLDT Inc. and Smart Communications, Inc. (Smart) blocked websites that lured people to fraudulent ‘job hiring’ schemes.

With cybercrime one of the biggest immediate threats facing companies today, one of the effective yet little-known methods that can counter their assaults is the engagement of white hat or ethical hackers. This unique strategy was highlighted in ROOTCON15, the longest-running and premier hacking conference in the Philippines, which recently held a webinar where leaders in the field and knowledge partners from the private sector discussed various issues related to cybersecurity for the Philippines as seen from the perspective of white hat hackers.

The Bank Marketing Association of the Philippines (BMAP), as the leading marketing and communication association in the banking industry, is launching the #FightFraudTogether information campaign to increase consumer awareness and vigilance against cybercrime and fraud.

The cost of fraud across the Asia Pacific (APAC) region last year rose to 3.51 and 3.87 times the amount of actual lost transaction values due to the rise of fraudulent transactions. These figures, which came from the LexisNexis® True Cost of Fraud Study from LexisNexis® Risk Solutions for the Philippines in 2020, show a significant increase from 2019’s regional average of 3.40.

Global cybercrime losses are estimated to reach $6 trillion this year and $10.5 trillion by 2025. To address this, business owners are racing to strengthen their cybersecurity measures to prevent data breaches that could put their investment and reputation in trouble. One of these measures is the hiring of white hat hackers (WHHs), experienced bug hunters who find flaws in the IT systems and networks and provide solutions. These ethical hackers are fast becoming in-demand with the market value for their services expected to reach $4.1-B by 2027 globally.

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