Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Better Cybersecurity Measures to Manage Online Crime in the Philippines

In the Philippines, the pandemic has brought out the worst in some opportunists, and it appears that phishing attacks and ransomware are the preferred cyber weapons. For years, the Philippines has attempted to enforce legislation against engineered phishing scams. But with so many Filipinos online at all times during the pandemic, the National Bureau of Investigation’s Cybercrime Division recorded a 200% increase since the lockdowns began last March.

Recently, ransomware attack has been on the rise which has opened opportunities for hackers to prey on distracted people and organisations in many countries, particularly the Philippines. A statement released by the Filipino cybersecurity professionals stated that the country needs to train new cybersecurity experts and upskill current practitioners as threats escalate and expertise remains “disproportionately inadequate”.

The Filipino cybersecurity commitment is to advocate for the highest level of cybersecurity in the Philippines. It is suggested that the best way to accomplish this is to make cybersecurity more accessible and to train and hone professionals’ skills to the point where they are globally competitive. A study showed that Philippine firms spend millions to recover from ransomware attacks according to the cybersecurity professional.

In recent years, ransomware has been one of the most prominent types of cyberattacks. This year it has been observed that large organisations have fallen victim to hackers demanding millions of dollars to either unlock databases or stop them from publicly releasing the information.

A joint statement issued by the Philippines business firm says the impact of cybercrime in the country is expected to grow further. Globally, it is expected to reach $6 trillion in 2021 and up to $10.5 trillion annually by 2025 if businesses and governments do not take proactive measures on this issue soon.

About 42% of the firms surveyed in the Philippines reported that they were hit by ransomware in 2020, which is an increase from 30% in 2019. Of these, 76% suffered data encryption, which means the hackers locked their databases until their demands were fulfilled. The number is said to be higher than the global average of 54%.

A UK-based cybersecurity firm found that Philippine organisations have spent an average of $820,000 (approximately P40 million) to recover from these attacks – costs that cover the ransom paid, and the costs incurred by the downtime. The cost is lower than the global average of $1.85 million. The global average is $170,404, with $3.2 million being the highest recorded in the survey.

Cybercrime is a major concern for companies of all sizes, from brand new start-ups to established international corporations. With so many high-profile breaches over the last decade, the threat is as obvious as it is ever-present. Moreover, the COVID-19 has aided in increasing reliance on digital channels, but it has also attracted bad actors as online scams have increased.

All of the potential problems were present at the beginning of the pandemic. Employees in work-from-home arrangements did not have access to the same data-protection protective measures as those in a traditional workplace. Many individuals who lost their jobs were likely forced to turn to cybercrime. These have led to a global threat called a “cyber pandemic,” an organised cybersecurity attack on organisations that takes advantage of people’s vulnerabilities during the pandemic.

Experts urge the Philippines to review its cybersecurity programs given the increasing frequency of ransomware attacks and similar crimes being committed online. Ransomware attacks around the world rose 625 to 304 million incidents in 2020, the highest level in four years, according to a provider of market and consumer data.

The rapidly increasing global increase in cyberattacks comes at a high cost for businesses seeking to better protect their computer networks from intrusions. Cyberattacks not only are increasing in frequency, but they are costing victims larger financial losses.


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.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


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


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.


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. 


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.