Cybersecurity in Philippines: Advancing Digitalisation and Strengthening Cybersecurity (ft. Aboitiz Power, Maybank Philippines, Maynilad Water Services and Ingram Micro)

Guests:  Mr. Alexander Antukh, Chief Information Security Officer, Aboitiz Powe, Mr. Marlon Sorongon, Chief Information Security Officer, Maybank, Dr. Francisco Castillo, Senior Vice President, Chief Information Officer, Maynilad Water Services, Inc and Mr. Kanishka Kumar Sinha, Director - Hyperautomation Professional Services, Ingram Micro Inc.

In today's episode, we turn our focus to Philippines. The discussion unfolds against the backdrop of the 42nd ASEAN Innovation Business Platform Philippines Conference and Exhibition, hosted at the Marriott Manila on the 11th of July.

The Philippines, with its population surpassing 110 million, boasts over 85 million internet users, a figure that underscores the rapid digital transformation sweeping across the nation. However, this surge in connectivity has been shadowed by a corresponding rise in cyber threats. The Philippine National Police Anti-Cybercrime Group reported a sharp increase in cybercrime incidents in Metro Manila totalling 6,250 in the first six months of 2023 -- a 152-percent increase from the same period last year. The urgency for robust cybersecurity frameworks is palpable, as businesses are at heightened risk. To maintain seamless operations, safeguard sensitive customer data, and fortify the trust and loyalty of their stakeholders, Filipino organizations must prioritize and invest in comprehensive cybersecurity strategies.