Well attended by key rules
from corporate various sectors including IT
professionals, finance, government, utilities, academia, and other
industries. The "Cyber Threat Intelligence and the Evolving Risks"
conference staged by American cybersecurity firm Resecurity, in collaboration
with Cebu-based 888 Tech Exchange Ventures, April 18, 2024, at the
Fairfield by Marriott Cebu in Mandaue City.
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| Cyber Threat Intelligence and the Evolving Risks conference |
The gathering discussed the
latest cybersecurity trends and how organizations can leverage available tools
to enhance security. The goal of this initiative is to provide companies
with the necessary tools to protect their operational systems, particularly as
the Philippines has become a prime target for threat actors worldwide.
According to Ren Nograles, the general
manager of 888 Tech Exchange Ventures and the local partner of Resecurity,
cybersecurity has become a primary concern not only for large organizations and
governments but also for Small and Medium Enterprises (SMEs) and individuals.
He stressed the importance of education and awareness in combating cyber
threats and warned that local businesses in Cebu must prioritize cybersecurity
to avoid serious consequences in today's digital landscape.
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| Ren Nograles, GM of 888 Tech Exchange Ventures and Resecurity COO, Ben Ouano |
Small and Medium Enterprises (SMEs)
Resecurity Chief Operating Officer,
Ben Ouano, guest speaker of the conference shares some cyber security tips especially
to the SMEs. "Improve the hygiene of your internal security. Insider
threats could well be your own employees. It begins with
the company and the cyber security culture at all levels. Ensuring everyone is accountable to each
other as well as to the company is key."
"Our partnership with 888
Tech Ex sustains the belief that we can still offer small businesses the same
level of actionable intelligence that large enterprises require. Our solutions are scalable, so Managed
Service Providers (MSPs) can offer small companies the same level of protection
as larger enterprises require." Ouano added.
Digital Transformation
Since a lot of Cebu based companies
are gearing towards Digital transformation, Resecurity and 888 Tech Exchange
acknowledge that these DX activities are happening. Nograles said, Resecurity
platform is very wide and deep with defensive and offensive capabilities that
other solutions do not offer.
Ouano emphasized, "Digital
transformation in Cebu, is particular attractive for threat actor groups to attack upcoming
digital infrastructure. The objective of a threat actor is to penetrate
networks before they are fully deployed. Control of the digital infrastructure is a key
objective.
Fintech
Finance and commerce in the
Philippines has evolve with money exchange relying on digital wallets. With the
majority of transactions now conducted online, the inevitability of cyber
threats has heightened.
Nograles emphasized that while banks
and other data-dependent industries are particularly vulnerable to
cyberattacks, all businesses face potential threats. He underscored the
pervasive cybersecurity challenges across the Philippines, emphasizing the need
for proactive measures to safeguard sensitive data and digital infrastructure.
Nograles emphasized that investing in cybersecurity is essential for business survival, protecting against financial and reputational damage while preserving customer trust. His company, 888 Tech Exchange Ventures, assists Cebu firms with cybersecurity solutions and advocates for staying updated on the latest tools and tactics in the cybersecurity space.
Resecurity is a leading cybersecurity firm that offers a comprehensive platform for endpoint protection, risk management, and threat intelligence, catering to Fortune 500 enterprises, SME and government agencies globally.
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