#cyber threats in the philippines

However, this growing dependency comes with the looming threat of cybercrime. In this article, we’re taking a look at the state of cybercrime in the Philippines with measures taken against it. Cost of Cybercrime Cybercrime activity is a significant factor in risking financial losses in the Philippines. The country loses billions of pesos annually from cyber attacks. The true cost of cybercrime is challenging to estimate with accuracy because of underreporting. However, developing cybersecurity measures and promoting collaboration between the public and private sectors are essential steps in minimizing Philippine cybercrime. Cyber Threat Landscape The Philippines has seen a surge in cybercrime activities in recent years. According to Statista, the Philippines had a massive data breach in early 2023. Read more in our articles including "State of Cybercrime in the Philippines" and "Infinix HOT 70: Coming in HOT Under P8,000!".