PH Firms Urged to Double Down on Cybersecurity Solutions
Recent data breaches have cast a spotlight on the vulnerabilities of Philippine businesses and raised concerns about their cybersecurity preparedness. Despite the alarming rise in sophisticated cyberattacks worldwide, only 1% of Filipino companies are considered well-equipped to defend themselves. This vulnerability stems from a reluctance to adopt advanced cybersecurity measures, often perceived as complex and daunting. Businesses must overcome this hesitation and prioritize robust data security for themselves and their customers, according to cybersecurity firm Yondu. "Threat intelligence has to grow in a certain community,” says Dennis Sanchez, Chief Information Security Officer at cybersecurity firm Yondu. “In our country, there's no one source for all the knowledge of the threats that happen. Somehow, we are not united. That's one thing that we want to build," Sanchez explains. He emphasized the need for a collaborative community where experiences and threat patterns can be shar
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