These companies that you deal with every day, chances are they had been victimized by hackers several times before. Indeed, long before the Russia-Ukraine crisis, a war in cyberspace had already been keeping CEOs awake at night. It’s an arms race between the “good” guys and the “bad” guys, whose attacks damage businesses and hurt…
Just as people are expected to take the necessary precautions to avoid being victims of actual crimes, individuals also have to assume some responsibility in protecting themselves against the growing menace of cybersecurity threats. While information technology experts gave the assurance that institutions and agencies were taking every step to protect people against online crimes—investing…
A Russian cybersecurity firm has warned Filipino firms against the further proliferation of ransomware attacks as more “cyberhackers” look for opportunities to receive a huge payout at a time when the global economy is at an uneven pace of recovery from the pandemic. Chris Connell, managing director for Asia-Pacific and vice president for global sales…
To say e-commerce is growing in leaps and bounds is not just a cliché. Assistant Secretary Mary Jane Pacheco of the Department of Trade and Industry (DTI) said from a mere 2,068 online brand name registrations from January to March 2020, before the corona virus disease 2019 (Covid-19) pandemic, the number rose to 88,363 from…
Micro, small and medium enterprises (MSMEs) comprise 99.5 percent of business enterprises in the Philippines. The Department of Trade and Industry (DTI)’s 2020 MSME statistics show that the MSME sector accounted for more than 60 percent of jobs in the country. Further, the United Nations points to MSMEs as key to our country’s inclusive recovery…
This is a pivotal time for Philippine brands who are seeking to transition or lead in e-commerce. Regardless of size and scale, they face a tremendous opportunity to reach new markets for significant growth at this point in time: the Philippines is the fastest-growing e-commerce market in Southeast Asia and the value of its digital…
Digital is increasingly becoming the name of the game. From television channels entering into the streaming service fight to daily broadsheets getting their own apps, more and more industries have realized that the new business battleground is our devices. As Forbes stated in 2021: “An entirely new game is being played. In this new game,…
What do micro, small and medium-sized enterprise (MSME) lifelines and the trajectory that the Department of Finance (DOF) wants to take have in common? The guests of the third and final leg of Inquirer Project Rebound’s MSMEs webinar series unanimously agree that both are anchored in financial technology (fintech). For MSMEs, the steady increase of…
“Boy, was that a wake up call.” Teddy Monroy, country representative for United Nations Industrial Development Organization, said this during the Inquirer Project Rebound’s webinar on ensuring the resiliency and sustainability of micro, small and medium enterprises (MSMEs) with their recovery. This was in reference to the COVID-19 crisis, which truly exposed how MSMEs, despite…
A cashless society is one where cash is not the primary mode for financial transactions. Instead, transactions are settled electronically using credit or debit cards, mobile or online payment apps and even QR codes. The Bangko Sentral ng Pilipinas (BSP) considers cashless payments not only as an alternative to banking transactions, but also as a…