Digital payments and online banking are gaining traction in the Philippines as revealed by the Kaspersky Cybersecurity Index. The research by Kaspersky Lab done during the second half of 2016 revealed a great majority of Filipinos use the internet for online shopping (90%), for accessing online payment systems and digital wallets (89%), and for online banking (74%).

 

Based on an online survey of thousands of internet users around the world, the index represents the adult online population according to age and gender in every country of the study. During last year’s second half, the global cybersecurity company surveyed 17,337 internet users from 28 countries around the world including 491 netizens from the Philippines.

 

A recent study from the digital payment company PayPal also attested that the Philippines is well on its way in achieving a cashless economy as 25% of the surveyed Filipinos are now choosing to transact through the internet. The Alibaba founder and tech giant billionaire Jack Ma even called out for investors to make the country a cashless society during his recent visit to the Philippines.

 

But aside from infrastructure and internet-related hurdles currently hindering the achievement of a fully cashless economy, are Filipino consumers ready for the cybersecurity risks that will come with the bumpy road of transacting money online?

 

Citing the same Kaspersky Lab report, Kaspersky Lab Southeast Asia’s General Manager Sylvia Ng highlighted Filipinos’ lack of concern towards their online security and the real threats of cyberattacks.

 

“Data from our very own Kaspersky Cybersecurity Index for the second half of 2016 showed that more than half or 52% of Filipinos are still unconcerned about their online security. Filipinos still do not believe that they can become targets of cybercrimes which is completely false. In fact, 52% of the respondents of the same survey also admitted to being hacked or infected with malware last year,” says Ng.

 

“Before Filipinos dive headfirst into the convenience of digital financial transactions, they should remember that cybercriminals are almost always after money. Having your cash available online is like placing a bait to entice them more. It is a must to be aware of the risks and to possess the proper protections to combat the dangers that will come along the road towards becoming a cashless society,” she continues.

 

As the country goes full speed towards a cashless economy, Kaspersky Lab would like to suggest the following safety tips that Filipino consumers should consider to prevent hackers from emptying their digital coffers:

  • Don’t assume links are genuine
    When you need to visit an online bank, a retailer or a payment website, you should manually type in the URL — instead of clicking on a link. Do not visit websites by clicking on:

    • Links in emails
    • Messages on social network sites
    • Messages in chat rooms
    • Banner ads that are on suspicious websites
    • Links sent to you by people you do not know
  • Beware of fake communications
    Most financial organisations will never send emails asking customers to:

    • Send personal data in an email
    • Visit their site for authorisation
    • Enter personal data in pop-up windows
  • Check the URL
    When you’re visiting a web page that needs you to enter confidential data, carefully check that the address of the page that’s shown on the browser corresponds with the page that you were intending to access. If the URL is made up of a random selection of letters and numbers — or it looks suspicious — do not input any information.
  • Use encryption
    Make sure that you use an encrypted connection, whenever you need to input any confidential data. If a connection is secure, the URL will start with the letters ‘https’ — in addition, the address bar or the browser’s status bar will display a small icon of a lock.When you click on the lock icon, look closely at the information about the SSL authentication certificate that has been issued to the site (you’ll be able to note when the certificate was issued, who issued it and for what period the certificate was issued).
  • Use your own computer — and your own Internet connection
    Try to avoid using public computers — in Internet cafes, airports, clubs, hotels, libraries or other locations — when you need to access online banking services or online retailers. These public computers may have a variety of spyware programs running on them. If so, these malicious programs could record everything you type on the keyboard — including your passwords — and also intercept Internet traffic.Even if you use your own computer for online transactions, you need to avoid connecting to the Internet via a public Wi-Fi network. On a public Wi-Fi network, there is a risk that the traffic might be intercepted by the network’s administrator or by cybercriminals — and attacks might be launched with network worms. In fact, Kaspersky Lab offers its Secure Connection App for iOS and Android devices for download in the App Store and Play Store.
  • Don’t use your main credit card or debit card
    You might benefit from having a special card that you only use for online purchases. It may be possible to restrict the credit limit for your ‘online credit card’ or to hold a limited amount of money on your ‘online debit card’.
  • Learn from other people’s experiences
    Before making a purchase online, try to read customer reviews about that specific retailer.
  • Be wary of potentially untrustworthy sites
    It can be a good idea to avoid buying from retailers that have websites that are registered with free hosting services.
  • Get additional information about the website
    If you have any doubts or suspicions about a retailer’s website, use a ‘WhoIs’ IP service in order to find out more information about the domain — including how long it has been in use and who owns it. Note the period of time for which the domain has been paid.
  • Eliminate vulnerabilities — in your operating system and applications
    Always ensure that the operating system — and all applications — on your computer and other devices have the latest updates installed. This will help to eliminate operating system and application vulnerabilities that can be exploited by malicious software programs and attacks. Windows OS products are often targets of vulnerabilities so be sure you’re secure whether you are running the newest OS , XP, or Windows 7 – security is essential.
  • Maintain your firewall
    For additional security, instead of just running a standard firewall, you may choose to run application and software-based firewalls.
  • Protect against malware and Internet security risks
    A rigorous anti-malware solution like Kaspersky Internet Security can protect you against computer viruses, worms, Trojan viruses and more. Some anti-malware products also include special technologies that provide additional layers of security when you’re using online shopping and banking websites.

 


RECOMMENDED ARTICLE FOR TECHWORLD


 
Reward Yourself This Payday with Nokia Mobile’s Weekend Promos
Techworld Date Posted: 15 March 2019 4:47 PM | 9 Views
HMD Global, the home of Nokia phones, today announced its latest offering for Nokia fans, just in time for the payday weekends this March.. See More
 
Reward Yourself This Payday with Nokia Mobile’s Weekend Promos
Techworld Date Posted: 4:47 PM | 9 Views
HMD Global, the home of Nokia phones, today announced its latest offering for Nokia fans, just in time for the payday weekends this March.See More

 
SAP Philippines Officially Recognized as 2019 Top Employer
Techworld Date Posted: 7 January 2019 2:47 PM | 11 Views
SAP Philippines (NYSE: SAP) has been recognized as the 2019 Top Employer, for empowering best people practices and having exceptional employee working conditions.. See More
 
SAP Philippines Officially Recognized as 2019 Top Employer
Techworld Date Posted: 2:47 PM | 11 Views
SAP Philippines (NYSE: SAP) has been recognized as the 2019 Top Employer, for empowering best people practices and having exceptional employee working conditions.See More

 
From Home to Business: Synology Unveils New XS/Plus/Value-Series Product Lineup
Techworld Date Posted: 30 September 2017 9:42 AM | 322 Views
SynologyInc. announced the official launch of new product lineup in Taipei, Taiwan featuring:. See More
 
From Home to Business: Synology Unveils New XS/Plus/Value-Series Product Lineup
Techworld Date Posted: 9:42 AM | 322 Views
SynologyInc. announced the official launch of new product lineup in Taipei, Taiwan featuring:See More

 
PUBG Desert Map Gets a New Weapon, the R45 Revolver
Techworld Date Posted: 9 December 2017 9:36 AM | 2372 Views
NVIDIA premiered a new weapon for the upcoming desert zone in PLAYERUNKNOWN’S BATTLEGROUNDS (PUBG) today on GeForce.com. . See More
 
PUBG Desert Map Gets a New Weapon, the R45 Revolver
Techworld Date Posted: 9:36 AM | 2372 Views
NVIDIA premiered a new weapon for the upcoming desert zone in PLAYERUNKNOWN’S BATTLEGROUNDS (PUBG) today on GeForce.com. See More

 
Kaspersky Lab’s Statement on NotPetya Ransomware Attacks Reported 27 June
Techworld Date Posted: 4 July 2017 2:50 PM | 353 Views
Kaspersky Lab’s analysts are investigating the new wave of ransomware attacks targeting organizations across the world. Our preliminary findings suggest that it is not a variant of Petya ransomware as publically reported, but a.... See More
 
Kaspersky Lab’s Statement on NotPetya Ransomware Attacks Reported 27 June
Techworld Date Posted: 2:50 PM | 353 Views
Kaspersky Lab’s analysts are investigating the new wave of ransomware attacks targeting organizations across the world. Our preliminary findings suggest that it is not a variant of Petya ransomware as publically reported, but a...See More

 
Data Protection a Cornerstone of Robust Cybersecurity: Fortinet
Techworld Date Posted: 22 July 2017 2:36 PM | 390 Views
Fortinet, a global leader in high-performance cyber security solutions, urged IT leaders to take steps to protect data in their organizations in a bid to strengthen data privacy, as well as cyber security in.... See More
 
Data Protection a Cornerstone of Robust Cybersecurity: Fortinet
Techworld Date Posted: 2:36 PM | 390 Views
Fortinet, a global leader in high-performance cyber security solutions, urged IT leaders to take steps to protect data in their organizations in a bid to strengthen data privacy, as well as cyber security in...See More

 
Transcend Is Honored with Five Taiwan Excellence Awards 2019
Techworld Date Posted: 21 November 2018 1:25 PM | 213 Views
Transcend Information, Inc. (Transcend®), a worldwide leader in storage and multimedia products, is proud to announce that five of its state-of-the art products have been awarded the 2019 Taiwan Excellence Award for their innovation.. See More
 
Transcend Is Honored with Five Taiwan Excellence Awards 2019
Techworld Date Posted: 1:25 PM | 213 Views
Transcend Information, Inc. (Transcend®), a worldwide leader in storage and multimedia products, is proud to announce that five of its state-of-the art products have been awarded the 2019 Taiwan Excellence Award for their innovation.See More

 
HyperX Now the Headset Sponsor of Street Fighter Champion Bonchan
Techworld Date Posted: 1 August 2018 4:57 PM | 13 Views
HyperX, the gaming division of Kingston Technology, today announced the official headset sponsorship of Masato “Bonchan” Takahashi, also known as “The King of Sagat Players.”. See More
 
HyperX Now the Headset Sponsor of Street Fighter Champion Bonchan
Techworld Date Posted: 4:57 PM | 13 Views
HyperX, the gaming division of Kingston Technology, today announced the official headset sponsorship of Masato “Bonchan” Takahashi, also known as “The King of Sagat Players.”See More

 
2018’s Malicious Crypto-Mining Fever Powered by Pirated Software and Content
Techworld Date Posted: 4 December 2018 2:43 PM | 8 Views
The global outbreak in malicious cryptocurrency mining that unfolded in 2018 saw the number of attacks increase by more than 83%, with over five million users attacked online in the first three quarters of.... See More
 
2018’s Malicious Crypto-Mining Fever Powered by Pirated Software and Content
Techworld Date Posted: 2:43 PM | 8 Views
The global outbreak in malicious cryptocurrency mining that unfolded in 2018 saw the number of attacks increase by more than 83%, with over five million users attacked online in the first three quarters of...See More

 
Lenovo Opens First Legion Gaming Store in PH
Techworld Date Posted: 1 March 2019 4:30 PM | 15 Views
Global innovation leader and number one PC developer Lenovo inaugurated its first ‘Legion Concept Store’ in the Philippines as part of its efforts to bring game-changing devices closer to Filipino gamers in the company’s.... See More
 
Lenovo Opens First Legion Gaming Store in PH
Techworld Date Posted: 4:30 PM | 15 Views
Global innovation leader and number one PC developer Lenovo inaugurated its first ‘Legion Concept Store’ in the Philippines as part of its efforts to bring game-changing devices closer to Filipino gamers in the company’s...See More


Power by

Download Free AZ | Free Wordpress Themes