Huge business concern

Surfshark, in its Global Data Breach statistics, said that a total of 124 million accounts have been breached in the Philippines, which is the second highest count in Southeast Asia with Indonesia leading with 144 million.In October last year, cybersecurity firm Surfshark placed the Philippines fifth in the most number of data breaches in Asia since 2004 and 17th globally.

Meanwhile, statista.com reported in April that incidents of data breaches in the Philippines reached around 0.14 million during the fourth quarter of 2023. And perpetrators have taken advantage of the country’s modest cybersecurity market and together with lack of cyberhygiene among internet users has resulted in various incidents of data breaches and cyberattacks, with phishing being the most prevalent which occurs when a malicious actor send an email that may seem to come from a legitimate source to steal sensitive information, the same report said.

What is our government doing about all these threats? Both our regulators and consumers should be on their toes on how to be a step ahead of these cyber criminals, especially since attempts at data breach happen on a daily basis.This is the situation Subic Bay Metropolitan Authority chairman Eduardo Aliño has found himself in.

Business observers fear that Aliño’s connection to SBGFT and MSTSI will give these two companies advantage over other locators in the freeport zone.

Source: News Formal (newsformal.com)

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