Artificial intelligence is rapidly emerging as a major cybersecurity challenge for Philippine enterprises, with experts warning that organizations must overhaul traditional defenses as cybercriminals increasingly deploy AI-driven attacks.
A new global study by Cisco has revealed that only 12 percent of organizations in the Philippines are fully prepared to scale and extract value from artificial intelligence (AI), exposing a significant gap between AI ambition and operational readiness in the country.
Manulife on Friday acknowledged that over 75 percent of its global workforce is now actively engaged with generative AI (GenAI) tools, including ChatMFC, its proprietary AI assistant introduced in 2024.
The country’s resource officials have teamed up with the Philippine Space Agency (PhilSA) to produce an inventory of resources that will serve as basis for a policy framework down the line.
The Philippine Electricity Market Corp. (PEMC) and the Philippine Energy Research and Policy Institute (PERPI) have signed a three-year agreement to work together on studies aimed at making the country’s electricity market run better. The deal establishes a formal partnership for research, policy guidance and information sharing.
Amid more complex and linked online risks, the Bank of the Philippine Islands (BPI) has urged all sectors to work together to boost defenses against digital fraud. The call was made during its CyberProtect Conference held July 30 at Fairmont Makati with the theme “Defend as One: Building a United Front Towards Consumer Protection.”
The Department of Energy (DOE) has established a new Joint Task Force alongside the Energy Regulatory Commission, the National Electrification Administration, and electric cooperatives to help remove system loss charges and related value-added tax from power bills. Energy Secretary Sharon Garin emphasized the administration's stance that consumers should only pay for the electricity they actually consume, rather than bearing the cost of losses they did not cause.
The Bank of the Philippine Islands (BPI), in marking its 175th year as lender, rolled out a new feature making the opening of a bank account easier for all Filipinos. The improvement comes from a formal partnership with the Philippine Statistics Authority (PSA), marked by the signing of a subscription agreement that adopts the National ID Authentication Services (NIDAS) for the BPI app.