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Focused approach for an efficient cybersecurity in the Philippines

Despite cybersecurity being a global concern among firms, it remains to be an area where the Philippines need a lot of catching up to do, according to a recent report.

One of the best ways to begin ensuring cybersecurity for the country is by clustering data to easily identify assets that need intensified safeguarding, according to a consulting firm.

It is essential to observe how other countries are confronting these challenges and collaborate with other governments, as well as cyber agencies to counter cyber-attacks.

Companies must have a change of outlook when pertaining to ensuring cyber safety.

From merely “throwing money at a problem”, they should move towards a more focused approach to what is most important in a company’s set of assets.

Instead of starting with technological vulnerabilities such as insufficient patching of servers or routers, companies should protect first the most critical business assets or processes like customer credit card information, for instance.

Several big organisations have already implemented multiyear programs in order to classify corporate data so that they can focus cybersecurity efforts and policies on their most crucial information assets.

Knowing where to spend is significant. Expert posited that half of the data assets of companies are usually not “mission critical”.

Hence, firms must learn to identify the cyber risks per set of information and direct efforts to guaranteeing security of the critical data. Doing so may reduce cybersecurity costs by 20%.

The consulting firm surveyed 45 out of the top 500 companies globally and discovered that more security spending does not lead to high risk management maturing.

Some of the organisations have spent a lot of money but were not necessarily protecting the right information assets.

Thus, it is important to know where and how much to spend.

Applying the same cybersecurity controls to all assets creates extra effort and expense. Vital assets should be protected more strongly than less important ones.

Moreover, taking a more proactive than reactive attitude against cyber criminals may be more effective in dealing with an ever-evolving threat.

Firms can impede hackers more effectively if they understand how they behave. Some of the leading companies maintain an up-to-date intelligence on the capabilities and intentions of cybercriminals, and sometimes even their identities.

With the increase in value of digital data now, protecting data privacy is becoming trickier. Moreover, it has become even harder as the distinction between work and private devices is starting to blur and data sharing is becoming more open among businesses and their clients.

Add to that how cybercriminals are growing more creative.

Professional cybercrime organisations, political ‘hacktivists’, and state-sponsored groups have become more technologically advanced to the point that they have outpaced the skills and resources of corporate security teams.

Notably, the passing of the National Identification System law by President Duterte last month is “a major opportunity but will also naturally expose more citizen data online.”

The key is to rapidly be secure without slowing down the adoption of technology and digital initiatives.

Although insufficient preparation may risk the leak of important business information, extreme and misplaced data security efforts could also hamper the conduct of work in a company.

Expert concluded that organisations need to make cybersecurity a broad management initiative with a mandate from senior leaders in order to protect critical information assets without placing constraints on business innovation and growth.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.