DICT eyes WB, South Korea financial aid for cybersecurity

The Department of Information and Communications Technology (DICT) is eyeing getting a World Bank (WB) loan or overseas development assistance (ODA) from South Korea to embark on an aggressive buildup of the country’s cyberspace defense, connectivity and data center infrastructure.

- RAINIER ALLAN RONDA

Jeffrey Ian Dy, ICT undersecretary for cybersecurity, connectivity and upskilling, said that for the year, they have an allocation of approximately P300 million to pursue initiatives on improving the country’s cybersecurity posture.

“But we are also being offered ODA of $20 million by (South) Korea. We are also studying a $40 million loan by World Bank for our cybersecurity requirements,” Dy told The STAR over the weekend.