#Cybersecurity in e-Commerce

The e-commerce market in the Philippines experienced robust growth in 2024, with an estimated growth reaching $25.4 billion (PHP1.4 trillion) in 2024. The Philippines has seen significant growth in e-commerce penetration in the country since the pandemic of 2020 with the penetration rate expected to reach close to 20% this year. Building a secure e-commerce ecosystem requires shared responsibility and collaboration among platforms, sellers, consumers, and government agencies. By working closely with e-commerce platforms, these agencies can streamline monitoring and enforcement processes, ensuring consistency and transparency across the digital marketplace. While doing online and offline retail can be complementary, this collective approach will ensure the growth of the e-commerce industry and contributing more to the Philippine economy. Sellers, as the lifeblood of e-commerce, have a big responsibility too. Likewise, it is equally important that sellers adhere to the policies of the e-commerce platform. They've stepped up their game in the e-commerce space in the Philippines. Read more in our articles including "Safeguarding e-Commerce Through Stakeholder Collaboration" and "57% of SMBs in PH suffered cyber incidents, says Cisco".