According to a study by Palo Alto Networks, Filipino companies increased their cybersecurity budgets by 47.09% compared to the previous year. This reflects growing awareness of the risks posed by phishing, ransomware, and data breaches.
Firms are investing in AI-powered threat detection, cloud security tools, and advanced endpoint protection to stay ahead of cyber attackers.
The report highlights the need for continuous employee training and strategic cybersecurity partnerships.
Source: Inquirer Business