Globe Business has partnered with Blackpanda, Asia’s cyber first responders, to enhance cybersecurity services for businesses in the country amid persistent online attacks, including data breaches, phishing, and ransomware, which entail significant costs to enterprises.
Both firms have agreed to provide next-level cyber resilience through fixed-cost incident response, continuous vulnerability and dark web scanning, and automated access to cyber insurance.
A subsidiary of Globe Telecom, Globe Business head KD Dizon said in a statement on Tuesday, Sept. 9, that “cyber threats continue to challenge businesses of every size, and AI is amplifying both their frequency and sophistication.
Through our partnership with Blackpanda, immediate and expert incident response, once prohibitively expensive, is now accessible.”
Dizon added that “by leveraging our ICT ecosystem, we provide organizations with a practical and affordable way to stay secure, remain prepared, and build lasting customer trust.”
Globe Business said cyber risks are intensifying across the Philippines and Southeast Asia, driven by low cybersecurity readiness, AI-related threats, and rising attack costs.
This situation shows the urgent need for superior threat intelligence, highly skilled cybersecurity incident responders, collaboration among key stakeholders, and cutting-edge security technologies and frameworks, Dizon said.
Blackpanda CEO Gene Yu said, “Globe’s reach and trust in the Philippine market make them the ideal partner to scale our IR-1 cyber assurance subscriptions nationwide.”
Yu added that at Blackpanda, “we’re setting a new standard for how cyber solutions should work after an attack.”
In the past year, a staggering 85 percent of local firms faced AI-related attacks, and 84 percent suffered supply chain breaches.
With nearly a third of these firms unable to detect breaches, the need for a flexible and prepared incident response is critical to contain threats and recover quickly, both firms stated in their joint announcement.
The financial impact of these threats is also escalating.
Across ASEAN, data breach costs climbed to an average of $3.23 million in 2024, with financial services seeing the highest losses at $5.57 million. The region also recorded a 29 percent jump in cyber incidents in 2024, along with increasing ransomware and phishing activities.
