Wazzup Pilipinas!?
The inaugural Governance, Risk, and Compliance (GRC) Philippines Conclave, held on January 17, 2025, at the Dusit Thani Hotel in Makati, marked a transformative moment for the nation's technology landscape. Bringing together over 150 organizations from key industries such as IT, BFSI (Banking, Finance Services, and Insurance), BPO, and E-commerce, the event emphasized the urgent need for robust cybersecurity frameworks and responsible AI adoption in an era of evolving digital threats.
Uniting Industry Leaders to Tackle Emerging Threats
Keynote speakers and panels addressed the dual-edged nature of artificial intelligence (AI) in cybersecurity. While AI offers groundbreaking opportunities for automation and fraud detection, it also lowers the barriers for cyberattacks.
Jeffrey Ian Dy, Undersecretary of Infostructure Management at the DICT, highlighted this paradox:
“The barrier of entry for cyber-attacks has decreased because of AI.”
Dy shared that the DICT monitors up to 1.7 to 2 million cyber threats per month, underscoring the increasing complexity of the digital landscape. The call to action was clear: collaboration between the public and private sectors is crucial to secure the Philippines' digital infrastructure.
The Human-AI Synergy in Financial Security
In the fintech and banking sectors, industry leaders discussed how malicious actors exploit technology, particularly through phishing schemes and scam links in SMS messages.
John Patrick Lita (ING) and Carlos Tengkiat (RCBC) highlighted the need to balance AI adoption with human oversight, ensuring ethical deployment in fraud detection and financial advisory.
Marlon Sorongon (Maybank) and Lawrence Ferrer (CIS Bayad Center) emphasized continuous education for both employees and customers, advocating for increased awareness about emerging threats.
Tengkiat summed it up best:
“[Companies] should temper AI with human knowledge.”
Empowering Women in Cybersecurity and AI
A key highlight of the event was the focus on gender inclusivity in the tech space. Col. Francel Margareth Padilla-Taborlupa, spokesperson for the Armed Forces of the Philippines, spotlighted the critical role of women in cybersecurity and national security.
“Walang mahirap o mayaman sa information domain,” she noted, emphasizing the importance of citizen participation in combating misinformation and securing the digital landscape.
The panel featuring Mel Migrino (WiSAP President), Majorie Labindao (AltPaynet), and Arlene Romasanta (DENR) further explored how women are shaping the future of AI and GRC. Migrino pointed out that biases in AI systems must be addressed, while Labindao stressed the importance of staying updated in the ever-evolving technological field.
Cybersecurity: A Matter of Survival
Robert Sanchez Paguia of the Cybercrime Investigation and Coordinating Center (CICC) shared alarming insights:
“Most companies that suffer from attacks or data breaches…cannot recover anymore, they go bankrupt.”
Paguia emphasized the necessity of basic cybersecurity practices, such as using strong passwords, avoiding suspicious links, and regularly monitoring bank statements. These measures are especially crucial in a digital ecosystem where cybercriminals are constantly innovating.
Building Trust and Compliance in a Digital Era
The conclave underscored the importance of trust and compliance between companies, regulatory bodies, and consumers. Salil Sankaran, President of Ampcus Group, set the tone in his opening remarks:
“It is not only our responsibility to grow our magnitude, but we will make sure that we do it ethically, we do it with utmost integrity, and sustainability is the goal of it.”
Ampcus Cyber Chief Officer Deep Chanda echoed this sentiment, advocating for open collaboration:
“Companies today cannot just sit in one closed room and talk about security… these events are the best place to get united to share our thoughts, to share our problems, and how to look at the next-gen tools.”
A Safer Digital Future for the Philippines
As AI technologies become integral to businesses and daily life, events like the GRC Philippines Conclave 2025 serve as crucial platforms for addressing the risks and opportunities associated with these advancements. With leaders from various sectors coming together, the Philippines is taking a proactive stance in shaping a secure, innovative, and inclusive technological future.
The journey ahead is fraught with challenges, but the spirit of collaboration and resilience demonstrated at the conclave offers hope for a safer, smarter digital Philippines.
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