SOPHOS, a global leader in next-generation cybersecurity, announced today the findings of the third edition of its survey report, The Future of Cybersecurity in the Asia Pacific and Japan, in collaboration with Tech Research Asia (TRA). The study revealed a lack of boardroom awareness of cybersecurity and a broad assumption from executives that their company would never get attacked despite rising ransomware incidences, impact and cost.

Despite cybersecurity expenditure and self-assessed maturity increasing in the Asia Pacific and Japan (APJ) organizations over the past 12 months, only 47 percent of Philippines companies surveyed believed that their board truly understood cybersecurity. In addition, the top frustration expressed by Philippine cybersecurity professionals was that cybersecurity was frequently relegated to priority.