Seventy-five percent of organizations in the Philippines have experienced a cyber incident, which is much higher than the APAC average of 59%.
The greatest concern among organizations in the Philippines is data loss (70%). Compared to other countries across APAC, however, respondents were also much more concerned about intellectual property (60%).
While 60% of respondents cited business interruption as the most significant consequence of a cyberattack in the Philippines, 29% also cited regulatory fines, higher than in any other APAC country.
Training (72%), monitoring (65%) and increased budget/spending (64%) are some of the most preferred measures businesses in the Philippines implemented to address cyber security threats with buying hardware and software security tools (63%) and moving to cloud (63%) following closely.
The APAC State of Incident Report 2022 surveyed 700 information security executives across Australia, Japan, Philippines, Hong Kong, Singapore, Indonesia, and Malaysia. To understand more of the efforts and investment priorities to minimize the cyber security threats of the businesses, please download the full report here.
Download the Report