Author's Note: The following below is a statement released by Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky following the recent cyberattacks on one of the country's digital wallet platforms recently.
The recent multi-million incident involving a top digital wallet provider in the Philippines shows two things: (1) that cybercriminals continue to target fintech institutions and (2) that securing these convenient technologies is really a shared responsibility.