Put simply, a data breach is when private and confidential information has been exposed or shared without the owner’s permission. Anyone is at risk of a data breach - a company, a government or an individual can fall victim to it.
But do Filipinos really get a good grasp of it?
According to Kaspersky’s 2020 figures, it would cost a small and medium business a whopping $101,000 (P4.8 million) if they get hit. Meanwhile, an enterprise-level company’s potential losses would be way higher at $1.09 million (P52.4 million). Organizations both big and small also stand to incur reputational damage which could result in loss of customers.
Over 55,500 password stealers detected in the Philippines, says cybersecurity firm
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Kaspersky defined
password stealers as “a type of malware that steals account information.”
“In essence, it is similar to a banking Trojan, but instead of intercepting or substituting entered data, it usually steals information already stored on the computer: usernames and passwords saved in the browser, cookies, and other files that happen to be on the hard drive of the infected device,” it said.
In its new research released on May 24, the firm recorded a total of 55,597 password stealers in the Philippines during the first three months of the year, which was a 25% increase from the same period in 2020.
May 6 is World Password Day but every day is a good day to revisit the strength of your security codes as cybercriminals are continuously trying to gatecrash into your online accounts. This is proven by fresh data from Kaspersky.
According to the global cybersecurity and digital privacy company, it has prevented 25% more password stealers in Southeast Asia (SEA) during the first three months of the year compared to the same period in 2020. Password stealers are a type of malware that steals account information. In essence, it is similar to a banking Trojan, but instead of intercepting or substituting entered data, it usually steals information already stored on the computer: usernames and passwords saved in the browser, cookies, and other files that happen to be on the hard drive of the infected device.
Published May 25, 2021, 5:00 AM
Global cybersecurity firm Kaspersky today reported that password stealers targeting Southeast Asian users increased 25 per cent in the first quarter of 2021.
In the Philippines alone, Kaspersky detected more than 10,000 additional passport theft, pushing the total to 55,597 versus 45,373 in the same period last year.
Password stealers are a type of malware that pilfers account information.
In essence, it is similar to a banking Trojan, but instead of intercepting or substituting entered data, it usually steals information already stored on the computer: usernames and passwords saved in the browser, cookies, and other files that happen to be on the hard drive of the infected device.
With the rise in local digital money transactions during the pandemic, it’s crucial for the financial sector to integrate security and improve their threat intelligence capabilities, according to cybersecurity company Kaspersky.
“For the large majority of cybercriminals, easy money is the prime motivator. And the financial sector is uniquely positioned to be a target of attacks regardless of season because it’s always where the money is. The growth of digital financial services in the Philippines, like in other parts of the region, is creating new and heightened risks for both service users and service providers. In this case, technology will be the game-changer,” said Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky.