Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Telcos, 2 agencies to build central data system for cyber, physical infra

by
September 12, 2024
in Top News
0
Telcos, 2 agencies to build central data system for cyber, physical infra
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

THE PHILIPPINE Chamber of Telecommunications Operators (PCTO) and its partner agencies in the government plan to establish a central data repository for the country’s cyber and physical infrastructure.

The PCTO, Cybercrime Investigation and Coordinating Center, and PNP Anti-Cybercrime Group have formed a multisectoral group, PROTECTA Pilipinas, aimed at protecting the Philippines’ technology assets.

One goal of the group is to build a central data system for the country’s cyber and physical infrastructure, Smart Communications, Inc. Head of Regulatory Affairs and PCTO Vice-President Roy D. Ibay told reporters on Thursday.

The Philippines does not have an initial assessment of its actual losses in terms of cable theft, he noted.

He said cable or copper theft has been identified as a major issue affecting utilities, telecommunications, and transportation industries.

For instance, South Africa is reportedly the most affected, with estimated losses ranging between $280 million and $370 million per year, he said.

“(For the Philippines), we have not estimated that yet, and that is why that is one objective of PROTECTA Pilipinas to come up with initially a repository of all this data. Because we do not have a central organization that makes a database of all this cyber and physical infrastructure,” Mr. Ibay said.

He said the group is also putting forward a concrete measure addressing cyber threats.

“It highlights the need for ongoing efforts to enhance our cybersecurity measures because cyberattacks can disrupt services like sensitive data and cause significant economic losses. Outside cybercrime, or cybersecurity issues, the threat to physical infrastructure,” Mr. Ibay said.

He noted that telecommunications infrastructure is a critical driver of economic growth.

“The digital economy in the Philippines is projected to [grow] by 2025. To realize this potential, we must ensure that our infrastructure is robust, secure, and accessible,” he said.

According to an earlier report issued by Google, Temasek Holdings, and Bain & Company, the country’s digital economy is projected to reach as high as $150 billion by 2030 as the e-commerce boom continues.

It projected that the Philippines’ internet economy will grow by an annual 20% to reach $35 billion by 2025.

The group, PROTECTA Pilipinas, will mainly work on safeguarding technology and digital infrastructures by helping develop and craft policies to address the issues hounding the sector.

“We really intend to gather the broadest consensus of thought leaders to be able to at least come up with certain policies that we can lobby to our lawmakers,” he added.

PROTECTA Pilipinas, composed of relevant government and private sectors, will facilitate collaboration between telecommunications operators, equipment manufacturers, and service providers to help ensure a secure infrastructure, Mr. Ibay said. — Ashley Erika O. Jose

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
San Miguel eyes partnership for Caticlan resort project

San Miguel eyes partnership for Caticlan resort project

Recommended

Tone down celebration

Tone down celebration

December 19, 2024
Balancing Fitness, Work, and Mindful Snacking

Balancing Fitness, Work, and Mindful Snacking

September 20, 2024
AFASA: A milestone in cybersecurity for Philippine banking

AFASA: A milestone in cybersecurity for Philippine banking

December 8, 2024
Cambridge-based CMR Surgical secures FDA approval for revolutionary portable surgical robot

Cambridge-based CMR Surgical secures FDA approval for revolutionary portable surgical robot

October 16, 2024
Falling oil prices to ease inflation pressure in Philippines

Falling oil prices to ease inflation pressure in Philippines

September 23, 2024
Marketing Do’s and Don’ts That Startup Business Owners Need to Know

Marketing Do’s and Don’ts That Startup Business Owners Need to Know

November 14, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved