PLDT Enterprise provides protection for BFSI sector

MANILA, Philippines — PLDT Enterprise has stepped up its cybersecurity solutions against DDoS extortion threats and attacks targeting the banking, financial services, and insurance (BFSI) sector.

PLDT Enterprise said it has intensified its BFSI digital protection in partnership with Akamai Technologies Inc. due to the rising need for enhanced protection against new threats in the industry.

“We are proactively working against potential threats. PLDT Enterprise customers are assured of a differentiated internet and digital experiences with a suite of web performance and web protection solutions in partnership with Akamai,” ePLDT president and CEO and PLDT and Smart Enterprise Business Groups SVP and head Jovy Hernandez said.

PLDT said Akamai’s Security Intelligence Research Team recently investigated a series of recent DDoS attacks targeting businesses across multiple sectors.

It said the extortion demands were similar to past DDoS ransom groups, where initial contact starts with a threatening email, warning of an impending DDoS attack against their company unless a ransom is paid in bitcoin.

PLDT said the solutions it offers in partnership with Akamai target to protect customer web/online assets from cybersecurity threats and attacks and optimize performance of their online platforms.

“PLDT is leveraging on Akamai’s most pervasive and highly-distributed CDN with more than 285,000 servers in over 130 countries globally. Akamai’s Edge Platform is the world’s largest and most trusted CDN platform that PLDT can extend to enterprises with end customers receiving high-quality and secure web experiences,” PLDT Enterprise core business FVP and head Jojo Gendrano said.

Gendrano said these CDN services are vital in helping banks and financial institutions become more protected against cyber threats.

The partnership between PLDT and Akamai, a leader in secure delivery of digital experiences, started in 2015 and since then has served the biggest and top banks in the country.