‘Investments a must for PH cybersecurity’

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International think tank Stratbase Institute is urging the government to fortify the country’s cybersecurity posture by increasing investments in this tech sector.

Manhit explained that “Cybersecurity is a vital investment at all levels, as data breaches are increasingly common. Businesses must ensure uninterrupted operations and secure data, provide peace of mind and building trust with customers and stakeholders.” Moreover, just 27% of organizations in the Philippines have a “mature” level of readiness to confront modern cybersecurity risks, according to the Cybersecurity Readiness Index released in March 2023 by information technology firm Cisco.

“It’s essential to enhance our existing talent pool and elevate the expertise of our IT professionals. We should also consider engaging the services of ethical hackers to bolster our cybersecurity frameworks,” Manhit said.In recent weeks, Philippine government agencies have been on the receiving end of breaches starting from the attack on the Philippine Health Insurance Co. in September.

On October 7, the Philippine Statistics Authority suffered a leak in its Community-Based Monitoring System, even as the agency insisted that the CBMS constituted only a limited portion of its database.

 

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