PLDT and Smart’s Cyber Security Operations have recently issued a warning to the public that cybercriminals have been getting more sophisticated in imitating official communication materials of financial institutions. “Without scrutinizing these fake advisories, one can easily be fooled into thinking they were officially released by the bank. We need to take some time to […]
by Phil Rodrigues, Head of Security APJ Commercial at Amazon Web Services (AWS) As Generative AI and digital transformation initiatives continue among a hybrid workforce in the Asia-Pacific region, I am often asked by security professionals how threat intelligence is being gathered and used to help protect sensitive workloads in the cloud. They know that threat intelligence […]
In an ongoing effort to combat scams, frauds, and account takeovers, the country’s most popular finance super app, GCash, is now barring “jailbroken” and “rooted” devices — effective immediately — as a precautionary step against potential security weaknesses of modified smartphones. Meanwhile, devices running in “developer mode”, in which some users configure the operating system […]
Following the full enforcement of the SIM registration law, the Philippine National Police Anti-Cybercrime Group (PNP ACG) has recently raised the curtain on the ever-evolving tactics of scammers. In a media advisory, the PNP ACG said: “While we’ve seen a promising 50% decrease in SIM card-related crimes (from 2,318 cases one month before the full […]
September 27, 2023. MAKATI, Philippines. In the aftermath of the recent cyberattack on the state-run Philippine Health Insurance Corporation (PhilHealth), Senator Mark Villar has called for increased accountability and security measures to safeguard public health information. He described the attack as a severe “attack on public health.” Senator Villar has filed Resolution No. 811, calling […]
Emerging tech issues in consumer protection and data privacy investigation were put in the spotlight at the just-concluded “Industry Day 2023,” which was held at the Ascott Makati. The Industry Day event was presented by the United States government with the United States Agency for International Development (USAID) in the country through the Strengthening Private […]
The Bankers Association of the Philippines (BAP) welcomed the appointment of Eli Remolona, a Monetary Board member, as the new governor of the Bangko Sentral ng Pilipinas (BSP) recently, even as they expressed support for whatever initiatives he will be implementing that could impact the banking industry and its various stakeholders. In a press statement, […]
According to a report by research firm Gartner, application programming interface (API) will become the top attack vector for web applications in 2022. API is a software intermediary that allows two applications to talk to each other. In an attempt to exploit system vulnerabilities, hackers would usually use numerous attack vectors such as APIs to launch […]
by Bhea Baarde, Correspondent E-wallets became an essential part of the economy during and after the pandemic. Now that e-wallets and other financial technology are an everyday part of Fiipinos lives, there is a need to ensure cyber resiliency in PH fintech industry if we truly want to become a high income middles class country. […]
