The UK-PH Cybersecurity Forum was held virtually on 11 March 2022 by the British Embassy Manila – Department for International Trade (DIT), with the Bankers Association of the Philippines (BAP). The relevance of cybersecurity was discussed within the Philippines and DIT Country Director Richard Colley shared that the forum “aims to help forge relationships and build connections between the UK and the Philippines and work together in addressing cyber security risks. The UK is open to collaborate internationally especially with countries that share our values of democracy and transparency, like the Philippines.”
As the Philippines experiences more growth in terms of trade, capital flows and cyber linkages, it was implied that the cyber threat landscape will become more complex in the future, making the country more susceptible to cyber-attacks. Mr Ramon L Jocson, Vice-Chairman of the BAP Cybersecurity Committee talked about the cyber threats that Philippine banks and financial intermediaries are facing including the prevalence of ransomware and supply chain attacks, but also shared BAP’s initiatives and collaboration with Government and public agencies to address cyber issues.
The National Cyber Security Centre (NCSC), UK’s think tank and implementer of cyber strategies and programmes shared how the organisation plays its role in supporting the Financial Services Sector and presented its 2022 National Cyber Strategy which underscores the Government’s action to protect its citizens, companies and international partners. NCSC also explained how they help realise the vision of cyberspace as a reliable and resilient place for people and business to flourish.
To demonstrate the UK’s capabilities and cybersecurity solutions, three cutting edge companies presented their technologies during the forum and explained how they can further support the Philippines in becoming cyber-resilient in the fast moving digital world. To date, many UK tech companies are already working with Philippine partners and clients, but there are still many opportunities for collaboration, particularly on cybersecurity.
For more information, visit: www.gov.uk