#Cybersecurity Legislation

A new group -- called the National Cybersecurity Coordinating Council -- will be formed under the Office of the President to implement all these. On the other hand, 82% expressed rising concerns for the lack of cybersecurity as compared to 12 months ago. 77% of Philippines’ SMBs have completed scenario planning and/or simulations for potential cybersecurity incidents in the past 12 months. 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. He explained that cybersecurity has shifted far past basic technical frameworks, noting that the new initiative is ultimately built to secure public trust, data privacy, and the financial transactions that Filipinos rely on daily. The Philippines and the European Union (EU) are working together to improve digital connectivity, strengthen cybersecurity, and expand access to satellite data under a new initiative aimed at supporting economic growth and disaster resilience. The Land Transportation Office (LTO) has raised concerns over the future of its Land Transportation Management System (LTMS), citing unresolved cybersecurity issues and system deficiencies as the agency opposes a proposal to extend its contract with technology provider Dermalog. Read more in our articles including "Anti-Cybercrime Bill gets Senate approval" and "57% of SMBs in PH suffered cyber incidents, says Cisco".