PHILIPPINE enterprises should invest more in data protection next year, with a global security solutions firm warning that the continuing problem of business email compromise may lead to over $9 billion in losses. Trend Micro, Inc. said in a report dubbed “Paradigm Shifts: Trend Micro Security Predictions for 2018,” that digital extortion, business email compromise, and fake news, among others, are forecast to prevail despite cybersecurity efforts. Trend Micro said firms should invest in machine-learning and block chain technologies. The expected prevalence and rise in cybercrime in 2018 only illustrates the importance of investing in security,” Pilao said. “Enterprises and users must have a connected threat defense – from the email and web gateway to the endpoint – to ensure maximum protection against the constantly evolving threats,” Pilao said.

Source: Manila Times December 24, 2017 16:30 UTC