The Philippine Department of Information and Communications Technology reports that the number of cyberattacks aimed at local business units grew by 37% per annum from 2023 to 2025, and more than 68 percent of large businesses experienced at least one serious security event during the last 12 months. Penetration Testing Companies in Philippines is also forecasted to exceed more than $120 million in annual revenues as we approach the end of 2025, translating to a 19% annualized growth rate (or compound annual growth rate (CAGR)) since 2022. This growth is fuelled by compliance requirements, deployment of cloud, and the cyber threats that are becoming more advanced.