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The state of the web
RISKS ABOUND ON WEB SITES OF MEDIA, TRAVEL, ENTERTAINMENT AND RETAIL FIRMS
E
By Roderick L. Abad | Contributor
nterprises are advised to beef up their information-technology (IT) infrastructure further, as they remain vulnerable to cyber attacks despite the growing awareness and advancement in security features, a Web risk-protection technology expert warned.
Menlo Security Asia-Pacific Managing Director Stephanie Boo encouraged more vigilance among media entities, in particular— whether broadcast, radio, print or online—as well as those in the entertainment and arts, travel, business and retail industries, as they are most vulnerable to cyber attacks. They need to leverage on cyber technologies available to protect their data from threats lurking on the Web. Media, entertainment and arts, travel and retail industries emerged as among the Top 5 sectors mostly at
risk of online attacks, based on the company’s latest report, titled “State of the Web 2016”. “What we advise most of these enterprises is that you basically take care of both your e-mail and Web,” she told reporters during a media forum at the recent IT Infrastructure Summit 2017 in Makati City as part of Computer Technology International’s (CTI Group) tech road show in the Asian region. “We use them on a day-to-day basis, and they have essentially become our business tools, as well. Unfortunately, 90 percent of our
threats nowadays come from both of them.”
Risk-related
In the study—the second edition to date—Menlo Security focused again on the Alexa top 1 million sites. The company also factored in the risks related with the 25 million requests to background sites that a browser makes when visiting all these most-viewed portals. The background sites feed active content to the browser for the purposes of content delivery, trackers, beacons and ad delivery.
By closely examining their main features, including software version, release dates and thirdparty risk intelligence, among others, the firm was able to discern their impact on the primary sites’ risk. The results showed that 46 percent of the top million web sites are risky, indicating that criminals now have veritable pick of half the Web world to exploit. Exploitation is also becoming more widespread and effective due to the following reasons: Risky sites have never been easier to Continued on A2
Current-account problem due to bleak global trade forecast worries BSP
A
By Bianca Cuaresma
fter providing resilience for the Philippine economy during bouts of external headwinds, the country’s current-account surplus has recently been showing breaks of weaknesses, with several analysts projecting a year’s deficit in this area for the first time in decades due to the bleak future of international trade. PESO exchange rates n US 50.1730
In 2016 the impact of global volatilities was already evident in the country’s lower currentaccount surplus of $601 million, a 91.7-percent decline from the $7.3-billion surplus in 2015. Also, despite being in the surplus territory in the previous year, the fourth-quarter surplus has already shown significant weakness to end the last three months of 2016 at a deficit of $1 billion. This reverses the $1.4-billion surplus posted in the same quarter in 2015. A country’s current-account position is usually a gauge of economic health for the jurisdiction, as it measures the difference between its foreign-exchange sav-
ings and investments. The Central Bank blamed the weakness of the fourth-quarter current-account position on the widening trade-in-goods deficit, along with the decline in net receipts in the trade-in-services and primary-income accounts. In particular, the trade-ingoods deficit increased to $10 billion in the fourth quarter of 2016, from the $7.5 billion in the fourth quarter of 2015. This, as the growth in imports of goods outpaced that of the exports by more than four times.
The BPO factor
Exports of goods during the period grew only moderately at 3.8
percent in the fourth quarter of 2016 at $10.6 billion. This is up from the $10.2 billion seen in the same quarter in the previous year. In the past, the current account has also shown signs of weakness prior to the growth of the business-process outsourcing (BPO) receipts and the boom from the remittances sent home by Filipino migrant workers. A recent study from the Central Bank showed the Philippines’s current-account position, especially its relation to the country’s GDP, has fluctuated over the past decade due largely to the dynamics of its trade balance. Continued on A2
91.7%
The percentage drop in current-account surplus, from $7.3 billion in 2015 to $601 million in 2016
n japan 0.4528 n UK 62.5808 n HK 6.4579 n CHINA 7.2736 n singapore 36.7842 n australia 37.8555 n EU 53.4192 n SAUDI arabia 13.3798
Source: BSP (7 April 2017 )