Trend Micro PH Reveals Present and Future Threats or Today's Internet Era

DECODE Annual Cybersecurity Conference tackles Deepfake Technology and other related threats to the global business community.

The evolution of disinformation campaigns—or what people know as “fake news”—is posing a greater threat than what many of us can think of. Aside from being a tool for cyber-extortion, an emerging trend called “Deepfake Technology”—a term used for a collection of different AI based image manipulation techniques—has the potential to produce fake video and audio clips for cybercriminals to illegally connect money from individuals, government institutions, and private companies globally. 

Microsoft and Frost & Sullivan Study reveals that Cybersecurity threats to cost organizations in the Philippines US$3.5 billion in economic losses

A Frost & Sullivan study commissioned by Microsoft revealed that the potential economic loss in the Philippines due to cybersecurity incidents can hit a staggering US$3.5 billion. This is 1.1 percent of the Philippines’ total GDP of US$305 billion[1].

The study, titled “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World”, aims to provide business and IT decision makers with insights on the economic cost of cybersecurity breaches in the region and identify the gaps in organizations’ cybersecurity strategies. The study involved a survey of 1,300 business and IT decision makers ranging from mid-sized organizations (250 to 499 employees) to large-sized organizations (>than 500 employees). 

The study reveals that more than half of the organizations surveyed in the Philippines have either experienced a cybersecurity incident (18%) or are not sure if they had one as they have not performed proper forensics or data breach assessment (34%).