AN information security consultant advised consumers and businesses to be more cautious when sharing information online, especially on social media portals, as data shared can be used by cyber criminals.

"Never upload anything you don't want to be shared to the public," said Dexter Laggui, president of Laggui & Associates Inc. He noted that the information consumers and businesses post or share online are a main source of information that cyber criminals use when looking for possible victims.

He said cyber threats nowadays are becoming one of the most desired avenues for criminals, especially for robbery, as it doesn't entail higher risks and can be done smoothly.

"These cyber criminals study their victims through Facebook, LinkedIn, and Instagram, among other social media sites," warned Laggui. "Don't flaunt too much of your wealth, shoes, bags including your house and car because these cyber criminals really have the ways to determine all these."

He also warned consumers against fake websites and spams. "If it involves money, you really have to verify. You should always check where the information came from."

According to Laggui, phishing is a more well-known and fast-growing cybercrime in the Philippines. He noted these illegal activities are perpetrated by Filipino developers.

Phishing involves stealing confidential data from a user’s computer and using it to steal the user’s money.

He noted there are many cases of money transfer hijacking from overseas remittances and other payment system facilities.

Security solutions firm, Kaspersky Lab, noted that "cybercriminals around the world are trying harder than ever to acquire confidential user data and steal money from bank accounts by creating fake sites and web pages imitating financial organizations or Internet resources."

It added that phishing attacks have become so popular because they are simple to deploy and extremely effective.

Lagguie advised enterprises especially those that belong to the micro and small category to invest in security solutions to protect their businesses because once victimized, business operations will surely be affected.