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McAfee Bolsters Commitment to Building a Safer Future in the Philippines

Philippines, May 25, 2017 – McAfee, LLC the globally trusted security provider and one of the world’s largest pure-play cybersecurity firms today reiterated its commitment to building a safer Philippines. At a joint event held at the Fairmont Hotel together with its local distributor, Wordtext Systems, Inc. (WSI), the oldest pure IT distributor in the Philippines, McAfee outlined its plans to bring to the Philippines, its expertise in the latest cyberwarfare and to strengthen local industry collaboration to bridge the gap in the lack of cybersecurity talents in-country.

Cyber attacks on Philippine enterprises including the government has swelled in recent months. A 2016 report by the Australian Strategic Policy Institute ranked the Philippines the least “cyber mature” country in Southeast Asia. Industry professionals who were surveyed reported they were less prepared to tackle cybersecurity issues than in the past one-year period. Home to a growing base of Internet users, which now stands at 47 million, organizations in the Philippines will only grow to face mounting challenges to manage high volume and complex cyber risks.

The new independent McAfee, now owned by TPG Capital and Intel, earlier announced it will apply greater focus, build its platform and target new financial, operational and technology investments to better address the burgeoning demand in cybersecurity. In the Philippines, McAfee will fortify efforts and deepen partnerships with leading distributors such as WSI. In working with its local partners, McAfee will increase its engagement with law enforcement and academia to map ways to take down criminal networks, to develop new approaches to fighting cybercrimes and to recruit young people to join the cybersecurity industry.

In line with its efforts to increase investment and resources in cyber threat research, McAfee’s Strategic Intelligence group recently released evidence that a series of Shamoon malware campaigns targeting Saudi Arabia are the work of one coordinated force of attackers, rather than a multiple independent renegade hacker groups. In investigating the latest threats, their design and how they are built into cyber-attack campaigns, McAfee then look to help customers better understand the technology and tactics of their adversaries. McAfee will put increased focus on advanced malware, ransomware, financial fraud, general cybercrime, cyber espionage, cyberwarfare, and protection of industrial control systems.