Software giant Cisco has found that almost every company in the Philippines is not ready to fend off new forms of cyberattacks.
According to Cisco’s Cybersecurity Readiness Index for 2024, only one percent of organizations in the Philippines are equipped to respond to modern cybersecurity risks.MANILA, Philippines —
Despite this, Cisco said the Philippines is no lonely island in terms of lagging in the readiness index. Further, three in every five firms said they were attacked in the past 12 months, costing some of them as much as $300,000 in losses. “In fact, 36 percent of companies said they had more than 10 roles related to cybersecurity which are unfilled in their organization at the time of the survey,” Cisco said.
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