Technology NEWS

Bayad continues to trailblaze the fintech industry being the trusted brand in the outsourced payment collection service in the Philippines. Having aggregated a multitude of billers that are now being used by more than 100,000 physical touchpoints and leading digital and mobile platforms across the country, the company has enhanced and intensified its cybersecurity initiatives to maintain its robust system.

It has been more than two years since the pandemic pushed businesses to transform digitally. However, thriving in the digital world is not an easy feat. As a result, organizations accelerate their digital initiatives to greater heights, making them more vulnerable to cyber threats.

Sophos, a global leader in next-generation cybersecurity, today announced the findings of the third edition of its survey report, The Future of Cybersecurity in Asia Pacific and Japan, in collaboration with Tech Research Asia (TRA). The study reveals a lack of boardroom awareness of cybersecurity, and a broad assumption from executives that their company will never get attacked, despite rising ransomware incidences, impact and cost.

Palo Alto Networks, the global cybersecurity leader, today unveiled new research which found ASEAN business leaders prioritizing cybersecurity issues at the board level, as a result of the disruptions brought about by COVID-19. The State of Cybersecurity in ASEAN study surveyed 500 respondents representing businesses across the Philippines, Singapore, Malaysia, Indonesia, and Thailand on their response to the cybersecurity challenges in 2021 and outlook for the future.

Global security leader Forcepoint today launched Forcepoint ONE, the industry’s first ‘easy button’ for securing enterprises with hybrid workforces. The Forcepoint ONE all-in-one cloud platform simplifies security for both traditional and remote workforces, allowing users to gain safe, controlled access to business information on the web, in the cloud and in private applications.

Secuna, the Philippines’ community-powered cybersecurity testing platform, has announced that they now have onboarded 1,300 registered ethical hackers in their platform which is poised to be the largest established hacker community in the country.

Cybersecurity often takes precedence over any other component of a business that makes use of a computer and a public internet connection. Among the five techniques of acquiring cybersecurity is ensuring a safe space for your resources hosted in public and private cloud providers.

A device worth checking out is the HP EliteBook x360 1040 G8 Notebook PC: not only does it have specs fit for the “Hybrid Lifestyle,” but it is also equipped with Military Grade (Mil) Specs for security and peace of mind.

Nowadays, cybersecurity has become one of the greatest concerns of governments around the globe. We have seen cyber-attacks that affected critical information infrastructure like the power grids, transportation facilities, energy, telecommunications as well as military networks. In Ukraine, its youngest cabinet digital minister, Mykhailo Federov, has opened a new front in warfare – using twitter and other social media platforms to gain support from silicon valley’s giant companies to undermine Russia. He also setup and “IT Army of Ukraine” to launch cyber-attacks against the enemy.

The Bureau of Immigration (BI) has taken into custody a Nigerian national who was arrested and detained more than two years ago for involvement in credit card fraud and other cybercrime activities.

Claroty, today released research into the ‘Global State of Industrial Cybersecurity 2021: Resilience Amid Disruption’, which revealed the colossal impact of ransomware on organizations during 2021, with 80% of organizations in APAC affected by ransomware attacks and just over half (51%) paying the ransom. An independent survey of 1,100 full-time IT and OT security professionals was carried out in the United States, Europe, and Asia Pacific, to determine how organizations dealt with ransomware challenges in 2021 and their levels of resiliency and priorities moving forward.

Finance Secretary Carlos G. Dominguez III has directed the government’s two main tax agencies to further fortify their respective systems against hacking and other cyber threats amid increasing number of scams perpetrated online against financial consumers.

Fiber broadband provider Converge ICT Solutions Inc. invested over P100 million to intensify its network security systems to make the internet a safer place, especially for children.

The Bangko Sentral ng Pilipinas’s (BSP) Cybersecurity Oversight and Surveillance Group is regularly updating its standards and protocols against cybersecurity threats amid the mounting number of bank hacking and fraud incidents taking place within the banking industry in the last couple of years.

The National Bureau of Investigation (NBI) will pursue the filing of criminal cases against the brains behind the series of bank hacking incident that were reported in December 2021, an official of the Bangko Sentral ng Pilipinas (BSP) said on Monday.

To cap off Trend Micro’s annual cybersecurity conference DECODE 2021, Olympic silver-medalist Nesthy Petecio imparted a special message for all women working in male-dominated industries.

The first and only cybersecurity testing platform in the Philippines, Secuna with its proactive approach protects government and private organizations from potential millions of pesos in losses caused by data leaks and system flaws. Their ability to spot vulnerabilities in an IT structure is a wake-up call to many Filipino executives who, according to results of a survey conducted by global cybersecurity firm Palo Alto Networks, still regard cybersecurity breaches as “low” to “moderate” risks.  

Ayala Corporation’s Active Fund, the country’s largest venture capital fund, joined a team of investors to secure $26 million in Series B venture capital financing for SlashNext, the leader in SaaS-based spear-phishing and human hacking defense across digital channels and apps.