Wazzup Pilipinas!
Due to the rise of the Internet of Things (IoT), information is
being collected at an unprecedented rate, with much of it being highly personal
and confidential. It is because of this that cybersecurity is of much greater
importance today.
ePLDT, an industry-leading provider of digital business solutions
to enterprises in the Philippines, is warning local companies that employing
data security software and hardware is
not enough to combat cyber-threats. This is according to its newly appointed
head of cybersecurity.
“Companies that focus on data security technology alone
unfortunately do not understand cybersecurity,” said Angel Redoble, Chief Information
Security Officer of ePLDT. “Because a single attack can affect every
department of a company, cybersecurity therefore should be approached
holistically by integrating it in every aspect, not just in technology. To do
this, a company must first focus on having a strict protocol or process and
must have the right people who are skilled to combat different kinds of
threats. Once these are integrated with the appropriate technology, a company
can achieve business resiliency.”
This crucial insight follows on the heels of Ernst
& Young’s Global Information Security Survey of 2016 and 2017 which reveals that 64% of 1,735 firms surveyed, which includes
Philippine companies, admitted that they have zero or mere informal threat
intelligence programs. Moreover, 42% do not have an agreed communications
strategy or plan in place in the event of a significant attack.