Intelligent CIO APAC Issue 55 | Page 53

FEATURE : CYBERSECURITY

Viettel Cyber Security introduces a consolidated SOC solution in the Philippines to strengthen cyber resilience

Viettel Cyber Security ( VCS ) has launched its Managed Security Operations Center ( Viettel MSOC ) solution in the Philippines – empowering local businesses with world-class cybersecurity services and products to address the evolving threat landscape .

Southeast Asia faces escalating cyber threats , with the Philippines emerging as a prime target due to its growing digital economy .

In H1 2024 , ransomware attacks across the region encrypted over 7 terabytes of data , with ransom demands totaling $ 13 million .
In the Philippines alone , over 315,000 credentials were compromised and phishing incidents increased by 23 % – heavily targeting financial , e-commerce , and government sectors .
Recognizing these challenges , Viettel Cyber Security ( VCS ) has launched its Managed Security Operations Center ( Viettel MSOC ) solution in the Philippines , empowering local businesses with world-class cybersecurity services and products to address the evolving threat landscape .
Enterprise Cybersecurity : From Chaos to Control
When traditional solutions like antivirus software and firewalls are no longer sufficient to address modern , sophisticated cyber threats or provide comprehensive 24 / 7 protection , businesses are often presented with two primary options : building an in-house Security Operations Center ( SOC ) team or outsourcing .
Both approaches have inherent challenges . Establishing an in-house SOC requires substantial
www . intelligentcio . com INTELLIGENTCIO APAC 53