Globe sees 85% decline in scam, spam SMS, credits strong partnership with banks against fraud

Globe sees 85% decline in scam, spam SMS, credits strong partnership with banks against fraud.

The number of blocked spam and scam text messages related to banks declined by over 85% based on data covering the first three quarters of 2023, reflecting gains of Globe‘s vigorous partnerships with the country’s major banks and financial institutions. (more…)

Cost of a data breach for businesses in ASEAN & the Philippines hits record high at $3.05M

IBM

ASEAN & Philippine organizations with extensive use of security artificial intelligence (AI) and automation cut breach lifecycles by 99 days and reduce data breach cost by nearly $1.25 million. (more…)

APAC scam-paign: Number of scam resources per brand soars by 211% in 2022 – Digital Risk Trends

Headline scam and phishing data from Digital Risk Trends

Singapore, July 12 2023 — Group-IB, a global cybersecurity leader headquartered in Singapore, has today published Digital Risk Trends, a comprehensive analysis of the world’s two most common cyber threats: scams and phishing. The average number of scam resources created per brand, defined as the number of instances in which a brand’s image and logo was appropriated for use in scam campaigns, across all regions and industries more than doubled year-on-year in 2022, up 162%. In the Asia-Pacific (APAC) region, the rise was even more significant, with this number soaring by 211% compared to 2021. Additionally, the number of phishing websites detected by Group-IB’s Digital Risk Protection in 2022 was more than three times higher than in 2021. These findings build upon the 2022 Global State of Scams Report, published by the Global Anti Scam Alliance and ScamAdviser in collaboration with Group-IB, which revealed that scams caused over $55 billion in damages. The so-called scamdemic shows no signs of slowing down. (more…)

Cloud-based attacks, deepfakes, and ransomware: Trend Micro maps out top cybersecurity threats in 2023

2023 is a year where the cybersecurity threat landscape could be categorized as in a state of ‘in-between’: no longer are enterprises scrambling to find their footing amid the disruption caused by COVID-19, but amid the ‘new normal’, the world has yet to arrive on the other side of the pandemic. The resulting mass transition of company assets to digital environments has led to increasingly complicated and layered digital environments that will provide the ideal playground for cybersecurity adversaries looking to prey on any lack of visibility. (more…)

MyRepublic Digital transforms telecommunications market with Boomi

HonChew Seetoh, Director, Asia at Boomi
  • Asia-Pacific’s award-winning telecommunications operator leverages Boomi’s low-code integration platform to deliver customer-centric innovation
  • Since its initial deployment in 2019, Boomi’s API management tool has supported the growth of MyRepublic Digital’s platform with approximately 3.5 million transactions added per quarter

(more…)

Cybersecurity summit highlights identity-based fraud as key concern for banks, financial institutions

Trend Micro executives and featured cybersecurity thought leaders from the Philippines and the Southeast Asia region debate and discuss various topics under the cybersecurity with focus on the BFSI sector.

The banking, financial services, and insurance (BFSI) industry remains at the forefront of issues surrounding cybersecurity in the Philippines, particularly identity-based fraud, based on a recent summit Trend Micro hosted for free for executives, professionals, and consultants from the financial services industry. (more…)