Security experts reiterated the threats of foreign cyber entities as the Philippines plans to relax restrictions on telecom regulations amid the talks for the passage of the Konektadong Pinoy Act or Senate Bill 2699.
Stratbase ADR Institute president Dindo Manhit said in the recently concluded Asian Defense and Security Exhibition 2024 that “fortified defense against cyber threats is a key element in realizing a peaceful, secure, and stable Indo-Pacific.”
“Cybersecurity is a shared concern and responsibility by both the private and the public sector, as well as domestic and international players because it has the potential to affect regional stability, security, and prosperity,” Manhit said during the event.
Stakeholders said SB 2699 would have more negative effects than positive ones if enacted into law.
The bill, if passed, will eliminate the need for a congressional franchise for telecommunication companies, which Manhit said diminishes the regulatory powers of the NTC.
Manhit is a vocal critic of the Konektadong Pinoy Act, saying that SB2699 could be a gateway for abusers, as the law aims to increase telecommunication companies in the country while also relaxing their restrictions.
Cyber intelligence company CYFIRMA said the Philippines is a prime target for cyber espionage activities due to a lack of cybersecurity awareness and underdeveloped cybersecurity infrastructure, especially with the rising tension in the region.
Manhit said the Philippines should pursue cyber diplomacy with other countries to help fortify the country’s cyber security.
“The Philippines must pursue cyber diplomacy with like-minded countries and develop cybersecurity partnerships to expand its foreign policy strategy and deepen diplomatic engagement. Fortified defense against cyber threats is a key element in realizing a peaceful, secure, and stable Indo-Pacific,” he said.
The proposed Konektadong Pinoy Act awaits further deliberations and actions at the Senate.
