ORGANIZATIONS across all industries are now facing a growing number of cybersecurity incidents that are becoming more costly and complex as cybercriminals continuously evolve their tactics and increase the frequency and sophistication of their attacks.
In the Philippines, the Fortinet Cybersecurity Skills Gap 2024 report revealed that 94 percent of the surveyed organizations in the country experienced one or more cyber incidents in 2023, up from 92 percent in 2022. While no single cause can be attributed to every breach, IT leaders identified three key factors contributing to cyber incidents: a lack of skills and training among IT/security staff , insufficient cybersecurity tools , and low organizational or employee security awareness .
In addition to individual upskilling, collaboration is key. Teamwork among governments, industries, peers and academia is essential for sharing threat intelligence, developing new talent, and fostering a robust cybersecurity ecosystem. By working together, we can better address the growing challenges of cybersecurity.TMT: How does the multi-pronged approach address internal risks?Reyes: That's the second prong — implement security awareness training initiatives.
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