Security challenges PH enterprises face

The Philippines has some of the highest social media usage of any country; it was also recently revealed to be the Southeast Asian nation most susceptible to cyberattacks. On a global scale, the Philippines ranks tenth in terms of falling prey to cyberattacks. According to last year’s biannual Microsoft Asia Pacific Security Intelligence Report (SIR), the Philippines is the eighth most vulnerable to attacks by malicious software or malware of all countries in the Asia Pacific region.

The Philippines hasn’t been spared from the recent surge in ransomware attacks either; at least 28 companies in the Philippines were affected by WannaCry in 2017. Global ransomware attack damage costs are predicted to surge above $11.5 million by 2019.