Market News - AntiPiracy

Digital piracy in the Philippines

The article “Digital piracy in the Philippines” from Law.asia discusses the significant cybersecurity risks associated with Filipinos’ widespread use of pirated digital content. Engaging with illegal streaming sites and downloading unauthorized content exposes users to malware, ransomware, and phishing attacks, leading to potential financial losses and identity theft. The Intellectual Property Office of the Philippines (IPOPHL) estimates that PHP38.2 billion (USD700 million) was lost to video piracy in 2022, with projections reaching USD1 billion by 2027 if unchecked. The article emphasizes the need for public awareness and stricter enforcement of intellectual property laws to mitigate these risks.

View the original full article here: https://law.asia/digital-piracy-philippines-cybersecurity-impacts/

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