Growing threat to ecommerce: Phishing attacks in PH soar in Q2

Cybercrimes in the Philippines are on the rise with phishing attacks in banks and ecommerce increasing at a fast pace, according to cybersecurity firm Kaspersky.

For banks, a total of 8,454 phishing incidents were detected from April to June, nearly double the 4,746 recorded during the previous quarter.

The Philippines recorded a total of 77,092 phishing attempts among e-shop customers in the Philippines during the period compared to only 15,119 in the first quarter.

Kaspersky, however, said there was a lesser number of phishing attacks in Philippine-based payment systems, down to 105,986 from 132,125 in the January to March period.

Yeo Siang Tiong, general manager of Kaspersky Southeast Asia, said that while the first half of the year saw the reopening of borders in Southeast Asia, the pandemic habits remained consistent.

“Despite our regained physical freedom, we know that we still prefer to do our banking, shopping, and financial activities online because of its unparalleled convenience,” the official said.