Human error in cybersecurity breaches

More than 90 percent of all cybersecurity breaches are caused by human error! This is the stark reality according to countless studies done by several technology and security companies and organizations. Yet it was seldom, if not never, discussed in the cybersecurity events I attended in the last three years. Data and cybersecurity breach cases … Read moreHuman error in cybersecurity breaches

Vulnerabilities of our techno-laden world

Almost a quarter of a million stock market online investors’ personal data may have been stolen by hackers, as reported by the country’s largest online stockbroker, COL Financial to the National Privacy Commission on October 20. The company informed its clients that its computers were subject of a “possible breach” and further advised them to … Read moreVulnerabilities of our techno-laden world

The culture of digital transformation

Thousands of professionals and executives from various organizations, large and small, flocked to the recently held DIGICON 2017 to learn about digital transformation. This year’s theme, “The Culture of Digital Transformation,” is just but apropos as the people and the culture of organizations are the ones responsible for the execution of the transformation. I was … Read moreThe culture of digital transformation

Advances in anti-money laundering

It was veritably an enlightening experience to moderate a panel of experts during the well-received Philippine Anti-Money Laundering (AML) Executive Briefing organized by NICE Actimize and KrisFinSoft. It was composed of notable personalities namely Dante T. Fuentes, Group chief compliance officer of Security Bank Corporation; Dodie Lagman, senior consultant, on Counter Financing of Terrorism; Venkat … Read moreAdvances in anti-money laundering

Digital transformation for sustainable development

The jampacked room in the Asian Institute of Management (AIM) was in full silence when I slowly highlighted key figures for the Philippines: The Philippine economy loses of more than P357 billion ($7 billion) yearly on average from crime, corruption, and tax evasion. Metro Manila’s notorious traffic jams cost the Philippine economy at least P3 … Read moreDigital transformation for sustainable development

The 4th Industrial Revolution – Are we ready?

One thing is clear – the fusion of different technologies in the digital, physical and biological spheres is disrupting businesses and organizations the world over. Commonly referred to these days as the 4th Industrial Revolution, or 4IR, this phenomenon is having a profound impact on the way we live, learn, work, and relate to each … Read moreThe 4th Industrial Revolution – Are we ready?

Virtual currency – boon and bane

“Virtual currency-based payments and remittance transactions have been monitored at $5 million to $6 million per month.” This is the surprising fact shared by the Bangko Sentral ng Pilipinas (BSP) during the event organized by the Financial Executives Institute of the Philippines (Finex). What’s even more surprising is how this seemingly esoteric topic gained widespread … Read moreVirtual currency – boon and bane