Ransomware attacks in the Philippines surged by 57.4 percent in 2022 with 11 reported cases across key sectors, including manufacturing, according to Unit 42 investigations by US-based cybersecurity firm Palo Alto Networks.
Palo Alto reported that Manufacturing, Professional & Legal Services, and State & Local Governments remained the most targeted sectors in the Philippines. “The global median demand was $650,000 or P35.5 million, while the median payment was $350,000 or P18.9 million, indicating that effective negotiation can drive down to actual payments,” the cybersecurity firm said.
The cybersecurity firm said data theft was the most common extortion tactic, with 70 percent of groups using it by late 2022, which it said is a 30-percentage point increase from the year prior. Further, it noted, this activity has been seen from “a mix of new and legacy groups,” indicating that new actors are entering the landscape to cash in as legacy groups have done.
Source: Tech Daily Report (techdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comelec set to provide transmission logs of the May 2022 pollsThe Commission on Elections (Comelec) announced on Tuesday, March 21, is set to provide a copy of its transmission logs to Ret. Col. Leonardo Odoño who requested it after he expressed doubts over the transmission of votes in the May 2022 polls.
Source: manilabulletin - 🏆 25. / 51 Read more »
Pag-IBIG releases P53.76B cash loans in 2022; Assists record-high 2.61M membersPag-IBIG Fund disbursed P53.76 billion in cash loans, otherwise known as short-term loans, benefitting a record-high 2,612,491 members in 2022,
Source: MlaStandard - 🏆 20. / 55 Read more »
Globe honors Robinsons Supermarket Corp as Most Outstanding Key Account Partner for 2022 | BMPlusLeading digital solutions platform Globe has recognized Robinsons Supermarket Corporation as its Most Outstanding Account Partner for 2022. This recognition shows the mutual support and commitment of both companies to achieving growth and excellence in their respective fields. Robinsons Supermarket Corporation is the supermarket arm of Robinsons Retail Holdings, Inc. and comprised of…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Azurin approves dismissal of cop tagged in P6.7B shabu seized in Manila in 2022Gen. Rodolfo Azurin, Jr., chief of the Philippine National Police (PNP), has approved the dismissal from the service of a police sergeant who was tagged in the almost a ton of shabu that were confiscated in a drug bust in Manila last year. ManilaBulletin
Source: manilabulletin - 🏆 25. / 51 Read more »
EastWest net income up 42% in 2022Gotianun-led East West Banking Corporation (EastWest Bank) is optimistic it will surpass its 42% growth in 2022 and exceed pre-pandemic asset levels this year, as the lender reported more loan book…
Source: EdgeDavao - 🏆 23. / 51 Read more »
High consumer loans boost EastWest’s 2022 income | Cai U. OrdinarioGOTIANUN-led East West Banking Corp. (PSE: EW) saw a 42-percent increase in its net income in 2022 as it was able to increase its consumer loans. In a disclosure to the Philippine Stock Exchange (PSE) last Monday, EW said its loans grew by 20 percent driven by credit cards, business…
Source: BusinessMirror - 🏆 19. / 59 Read more »