#Cisco SMB Cybersecurity

Cisco released a statistical study on the rising cases of cyber incidents targeting small and medium businesses (SMBs) in the Philippines in the last 12 months. However, in a separate segment of Cisco’s study, it was noted that SMBs are now taking further precautions to stop unwarranted cyber attacks. 77% of Philippines’ SMBs have completed scenario planning and/or simulations for potential cybersecurity incidents in the past 12 months. However, Cisco noted that SMBs are not giving up. To combat the weakness in cybersecurity, 82% of the Philippines’ SMBs have increased their investment in cybersecurity solutions since the start of the pandemic, with 37% increasing investment by more than 5%. As they embark on their digitalization journeys, SMBs have a unique opportunity to lay the right foundation for their security posture and build their business on a strong foundation of trust,” said Kerry Singleton, Managing Director, Cybersecurity, Asia Pacific, Japan, China, Cisco. Read more in our articles including "57% of SMBs in PH suffered cyber incidents, says Cisco" and "BPI partners with Robinsons Retail for barcode cash deposits in stores".