Global cybersecurity leader Palo Alto Networks revealed in its 2023 State of Cybersecurity in ASEAN Report that one out of three small and medium enterprises (SMEs) in the Philippines and Southeast Asia is not confident in tracking cybersecurity breaches amid a hybrid work environment. With 41% of their infrastructure and processes running in the cloud for onsite and work-from-home setup, SMEs are most concerned about password attacks (63%), malware attacks (56%), and account takeovers (53%).
Steven Scheurmann, Vice President for ASEAN at Palo Alto Networks, shared, "In observance of Cybersecurity Awareness Month this October, we are reinforcing our mission of empowering SMEs with a stronger cybersecurity posture, recognizing their pivotal role as the backbone of our economy. It's crucial to remember that SMEs, just like larger organizations, hold valuable data sought after by cyber attackers for financial gain.”
