Philippine Businesses are starting to see a major shift into digital-centric operations, with this trend being more of a necessity rather than a prefrence. The rapid development of the cyber landscape has made connecting to one another virtually seamless. However, this brings its own set of hurdles, mainly in the area of Cybersecurity.
In the past year, cybersecurity breaches have remained a prevalent issue, ranging from identity theft, online banking accounts being hacked, and even breaches of government websites. Notably, the Philippines ranked fifth among all Asian countries in terms of the highest number of reported data breaches spanning from 2004 to 2023.
In response to this, numerous Filipino businesses have taken into consulting with industry leaders such as Shellsoft Technology Corporation, a prominent cybersecurity provider in the country. Recently, Shellsoft President and Chief Executive Officer Edwin Boon, shed light on the pressing cybersecurity issues confronting the nation.
“Our reliance on technology for connectivity is at its highest, especially after the pandemic. Though this undoubtedly has made our day-to-day easier, it has also rendered us more vulnerable than ever,” he shared. He also emphasized that cybercriminals are continuously refining their methods to exploit vulnerabilities in business operations and systems, both online and offline.
When asked for some advice, Shellsoft offered their insights on some valuable Cybersecurity practices tailored for medium to large-sized businesses.
The most recommended is to craft a cybersecurity plan and response strategy. By addressing various potential threats, businesses significantly enhance their ability to remain protected against cyberattacks. “It’s easier said than done,” Shellsoft Chief Operating Officer JB Muñoz admitted. “But Cybersecuity experts like [Shellsoft] can help.”
In case businesses are looking for something they can implement immediately, Shellsoft shared the following tips:
Data Backups
One often overlooked practice is backing up important company data. Ransomware attacks in the Philippines have reportedly doubled in 2023 and have compromised the operations of many businesses, and even some government agencies. “Regular off-line backups can ensure that businesses can have access to some mission-critical data in case of an attack,” Shellsoft Chief Security Officer Jon Clairmond Siy stated. “It does not solve the problem of the attack itself, but, at the very least, the business can continue its operations and services as it’s dealing with the threat,” he explained.
Encrypting Your Data
Data-encryption solutions are a must for businesses or institutions dealing with highly sensitive data, such as user information or payment details. Even if hackers were able to gain access to the raw data files, if the data is encrypted, it will still be concealed by encryption and is useless to the bad actors.
Cybersecurity Culture
Despite implementing high-tech security measures, one of the biggest vulnerabilities is the lack of employee education regarding cybersecurity risks. “Social engineering is still a huge part of a hacker’s arsenal,” Siy stressed. “Businesses need to make sure that they have a strong Cybersecurity culture in the workplace. Their employees, especially those in direct contact with their data, should be aware of methods and avenues of deception,” he concluded.
This includes educating personnel from avoiding public networks when using company laptops, exercising caution when encountering suspicious links in emails or text messages, and even what kind of information they can provide in voice calls.
Professional Assistance
The best approach in cybersecurity is still seeking professional assistance from specialized firms like Shellsoft. Through collaboration with cybersecurity professionals, businesses can conduct thorough assessments of their systems, identify vulnerabilities, and devise customized security solutions.
According to Muñoz, ongoing support and guidance from cybersecurity professionals ensure that businesses remain vigilant and resilient against evolving cyber threats.
“When partnering with our corporate clients, we prioritize each cybersecurity solution to specifically be designed to unique needs,” Muñoz emphasized. “Above all else, cybersecurity education for both employees and management better protects organizations as a whole, when every factor is well-informed and prepared.” he further explained.
For more information about Shellsoft Technology Corporation, its services, and its Cybersecurity advocacy, please visit https://www.shellsoft.com.ph/.