Nearly half of Philippine firms hit by cyberattacks report AI involvement
Cisco's survey found that 93 per cent of Philippine respondents had experienced a digital attack in the preceding 12 months.
Nearly half of Philippine businesses that reported a digital attack in the preceding 12 months had experienced an AI-enhanced incident, according to a study by Cisco Systems Inc. The study found that 93 per cent of respondents had faced digital attacks during that period.
Cisco said 59 per cent of companies in the Philippines were confident they could identify and respond to an AI agent being compromised. Only 43 per cent combined their cybersecurity and networking teams, with Cisco identifying poor coordination as a weakness in businesses' responses to attacks.
Securing management support for investment was another obstacle. At least 53 per cent of respondents said the technical nature of their work made it difficult to persuade management to spend more. Almost one in three businesses devoted substantial time to gathering and assessing data rather than tackling threats.
Companies that had increased investment in AI tools reported improvements of at least 25 per cent in detection and response times. Cisco Philippines managing director Zaza Soriano-Nicart said businesses needed AI investment for security as well as efficiency, alongside closer coordination between teams and controls on AI tools.
The findings came from Cisco's Relentless Defenders Report, based on a double-blind survey of 8,000 cybersecurity specialists across 30 markets, including the Philippines.
