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PH - Cyber Attack Target due to BPO Presence

by: Sarah Joson

Thursday, August 21, 2014 | Outsourcing News |

Increased Cyber Threats in PH Attributed to BPO

FireEye, Inc. recently stated in a forum that the Philippines is the top target of cyber attacks in Southeast Asia, and one of the key reasons is the strong activity from business process outsourcing (BPO) companies in the country.

The organization's officials said the Philippines surpasses Singapore, Malaysia, and Thailand in having the most advanced persistent threats (APT), which are described as attacks that are programmed to breach a network's security system and harness information which will then be used for political and business gains.

From January to June, the Philippines registered an APT of 56 percent which is higher than the regional average of 49 percent.

Vivek Chudgar, Managing Director at FireEye, said the BPO sector is the key target of the attacks. Nearly 20 percent of the attacks are directed towards the services, consulting, and value-added reseller industry. The government was also a prime target, accounting for 13.5 percent of the attacks, 13 percent at the IT segment, 10.2 percent at media, entertainment, and hospitality, and 9.2 percent was geared towards telecommunication companies.

Thomas Acero, FireEye Country Manager for the Philippines, said the digital attackers are very experienced and they know their way around the field. Some of the malwares identified by FireEye are Hussarini and Page.

However, Chudgar noted that even if the BPO sector has been the primary target in the country, the Republic Act 10173 or the Data Privacy Law signed by President Aquino in August 2012 helps protect it from such security breaches. It was also stated that it is better than India's.


Source:
http://www.interaksyon.com


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