Kaspersky actively addressed the growing cyber threats facing Filipinos as the country’s digital economy expands.
The Philippine digital economy is set to keep growing, driven by the fast rise of e-commerce and improvements in digital infrastructure, as noted in the latest e-Conomy SEA report by Google, Temasek Holdings, and Bain & Co. The report predicts a 20% growth, reaching a gross merchandise value (GMV) of USD31 billion, making it the fastest-growing digital economy in Southeast Asia.
At the same time, the country saw a significant level of cyber threats from July to September 2024. Kaspersky Security Network’s (KSN) latest report reveals 3,385,368 detected web-based cyber threats on KSN participants’ computers during the period. With 28.3% of users facing these internet-borne threats, the Philippines ranked 8th globally as the most exposed country to web threats. Meanwhile, it ranked 63rd for local threats worldwide, with 4,422,874 detected local incidents affecting 25.4% of users.
With these data, Kaspersky shares some practical ways Filipinos can protect themselves as the digital economy grows:
Use Strong, Unique Passwords and a Password Manager
Avoid using simple passwords like “123456” or “password.” Instead, create strong, unique passwords for each account. A password manager, like Kaspersky Password Manager, can help generate and securely store complex passwords, making it easier to protect your accounts without memorizing multiple passwords.
Enable Multi-Factor Authentication (MFA)
Adding an extra layer of security, such as MFA, greatly reduces the risk of unauthorized access. MFA requires users to provide a second form of identification, like a code sent to their phone through an authenticator app, in addition to their password. This extra step can make a big difference in securing online accounts, especially for banking and e-commerce.
Be Wary of Phishing Scams
Phishing emails and fake websites are becoming more sophisticated. Always verify the sender’s address and avoid clicking suspicious links or downloading attachments from unknown sources. Phishing protection tools, like those in Kaspersky’s security products, can alert you to potential threats and help prevent scams.
Keep Software and Devices Updated
Outdated software and devices are more vulnerable to attacks. Regularly update your operating system, apps, and antivirus software to patch security flaws that hackers could exploit. This simple step can greatly reduce your exposure to cyber threats.
Avoid Using Public Wi-Fi for Financial Transactions
Public Wi-Fi networks are often unsecured, making it easy for hackers to intercept data. When making online purchases or accessing banking apps, use a secure, private network. If you must use public Wi-Fi, consider using a virtual private network (VPN) to encrypt your data and protect your information.
Monitor Your Bank Statements and Digital Transactions
Keep a close eye on your financial statements and digital transactions to spot any unauthorized charges quickly. Many banks and financial apps also offer alerts for unusual account activity, allowing you to respond swiftly if something seems off.
Educate Yourself on Cybersecurity Best Practices
Staying informed about the latest cybersecurity threats and learning to recognize them can empower you to protect your digital life. Many cybersecurity providers, including Kaspersky, offer free resources and tips on identifying potential threats and securing your information.
Secure Your Mobile Devices
Since mobile devices are increasingly used for online shopping and banking, securing them is essential. Avoid downloading apps from unknown sources, and consider using mobile security apps that offer features like app scanning, anti-theft protection, and secure browsing.
Invest in Reliable Security Software
Utilize professional and reliable security solutions like Kaspersky Next with spam, phishing, and fraud protection that automatically detects and blocks threats in real time. It helps to safeguard online transactions and secure shopping accounts. It is designed to provide next-generation cybersecurity solutions tailored to the evolving digital landscape, ensuring Filipinos can transact online with greater confidence and security. Kaspersky Next is the company’s next-generation cybersecurity product line designed to combat today’s sophisticated and emerging cyber threats.
“Cyber threats are very quickly evolving and outpacing the traditional approach to security. Not only cyber defense must evolve, it must also be robust and increase in tandem with the growing economy to keep money and assets protected,” said Yeo Siang Tiong, General Manager for Southeast Asia and Asia Emerging Countries at Kaspersky.
To learn more of Kaspersky’s cybersecurity solutions, visit www.kaspersky.com.
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