#cybersecurity threats

On the other hand, 82% expressed rising concerns for the lack of cybersecurity as compared to 12 months ago. While 89% stated an immediate fear of being exposed to further cyber threats. 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. However, developing cybersecurity measures and promoting collaboration between the public and private sectors are essential steps in minimizing Philippine cybercrime. This incident highlighted the urgent need for advanced cybersecurity measures in the Philippines. Government Response The Philippine government has been taking steps to strengthen cybersecurity measures across the country. Read more in our articles including "DICT, CICC warn Roblox of possible suspension in Philippines" and "57% of SMBs in PH suffered cyber incidents, says Cisco".