Enhancing Cybersecurity in the Philippines: Globe Business Partners with Blackpanda
In an era where digital threats loom larger than ever, Globe Business has taken a significant step to bolster cybersecurity for enterprises across the Philippines. Partnering with Blackpanda, Asia’s leading cyber first responders, the collaboration aims to provide enhanced cybersecurity services amid a surge in online attacks, including data breaches, phishing, and ransomware. These threats not only jeopardize sensitive information but also impose substantial financial burdens on businesses.
Addressing the Growing Cyber Threat Landscape
The partnership comes at a critical time when cyber risks are intensifying throughout the Philippines and Southeast Asia. According to Globe Business, the region is grappling with low cybersecurity readiness, escalating AI-related threats, and rising costs associated with cyberattacks. KD Dizon, head of Globe Business, emphasized that “cyber threats continue to challenge businesses of every size, and AI is amplifying both their frequency and sophistication.” This alarming trend underscores the urgent need for robust cybersecurity measures.
Comprehensive Cyber Resilience Solutions
The collaboration between Globe Business and Blackpanda is designed to offer next-level cyber resilience through a suite of services. These include fixed-cost incident response, continuous vulnerability and dark web scanning, and automated access to cyber insurance. Dizon stated that “immediate and expert incident response, once prohibitively expensive, is now accessible,” making it easier for organizations to protect themselves against potential threats.
By leveraging Globe’s extensive ICT ecosystem, the partnership aims to provide businesses with practical and affordable solutions to enhance their security posture. This approach not only helps organizations stay secure but also fosters lasting customer trust, a vital component in today’s competitive landscape.
The Rising Costs of Cyber Incidents
The financial implications of cyber threats are staggering. Recent statistics reveal that 85 percent of local firms faced AI-related attacks in the past year, while 84 percent experienced supply chain breaches. Alarmingly, nearly a third of these organizations were unable to detect breaches, highlighting the critical need for flexible and prepared incident response strategies. The financial impact is also escalating, with data breach costs across ASEAN projected to average $3.23 million in 2024. The financial services sector is particularly vulnerable, facing losses that could reach as high as $5.57 million.
Setting New Standards in Cyber Solutions
Gene Yu, CEO of Blackpanda, expressed confidence in the partnership, stating, “Globe’s reach and trust in the Philippine market make them the ideal partner to scale our IR-1 cyber assurance subscriptions nationwide.” This collaboration aims to set a new standard for how cyber solutions operate post-attack, ensuring that businesses have the necessary tools and support to recover swiftly.
The Path Forward: Collaboration and Innovation
The partnership between Globe Business and Blackpanda represents a proactive approach to tackling the escalating cyber threat landscape. Dizon highlighted the importance of superior threat intelligence, skilled cybersecurity incident responders, and collaboration among key stakeholders. By integrating cutting-edge security technologies and frameworks, the partnership aims to create a safer digital environment for businesses in the Philippines.
As cyber threats continue to evolve, the need for comprehensive cybersecurity solutions becomes increasingly critical. The collaboration between Globe Business and Blackpanda not only addresses immediate concerns but also lays the groundwork for a more secure future in the digital landscape. With their combined expertise, these firms are poised to lead the charge in enhancing cyber resilience across the region, ensuring that businesses can navigate the complexities of the digital age with confidence.