PHL firms ignore nearly half of cyberthreat alerts


COMPANIES in the Philippines are not able to address nearly half of legitimate cybersecurity threats they receive, a study published by Cisco Systems, Inc. (Cisco) showed.

According to the Cisco 2018 Asia Pacific Security Capabilities Benchmark Study, in the region, companies receive six threats every minute but only 50% of alerts are being investigated.

The study was conducted by independent third-party researchers had more than 2,000 respondents across 11 countries — China, Korea, Japan, Singapore, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Australia, and India.

For the Philippines, there were 150 respondents from the financial services, telecommunications, retail, and software industries all classified as medium and large enterprises.

The study showed 42% of the Philippine respondents said they receive 5,000 alerts per day, although this share is among the lowest in Southeast Asian countries.

“As compared to Singapore, we are not as digitized yet…

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