February 28, 2024

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Malaysia’s PM discusses cybersecurity challenges with Kaspersky

Kaspersky Lab, a global cybersecurity company, met with Malaysian Prime Minster Tun Dr Mahathir. A mutually beneficial meeting, the private company gained a better understanding of challenges unique to Malaysia and the Government’s plan for the future. Kaspersky Lab was part of the European-ASEAN Business Alliance’s (EABA) Mission to Malaysia held between October 22 to 23, 2018 at Putrajaya.

Kaspersky Lab is a member of EABA. The Europe-ASEAN Business Alliance (EABA) is a member-driven alliance of leading European multinational companies with significant interests in the ASEAN region, with the aim to serve as a platform for dialogue with national governments and regional organisations. The EABA provides a forum for discussion of issues of relevance to European business in the region.

Time for Change

A meeting like this is timely and appropriate. Cybersecurity services from Malaysia and two other major ASEAN countries will contribute to 75% of market share by 2025. This is according to Malaysia’s Communications and Multimedia Minister, Gobind Singh Deo.

Furthermore, Tun Dr Mahathir clinching the post as Prime Minister has led to changes in administration and business climate. Mahathir’s party ousted the long standing incumbent UMNO in a watershed General Election in May 2018. Major political decisions, particularly a promise to restore democratic and clean institutions, have rattled government administration at a phenomenal scale.

These decisions are not stand alone. Impact will be felt on the business environment.

Among the Prime Minister’s entourage was Minister of Finance, YB Lim Guan Eng, Deputy Minister of International Trade and Industry, YB Ong Kian Ming, and others. Participating in the business mission, the global cybersecurity company had the opportunity to improve its understanding of major policies to be rolled out by the newly installed Pakatan Harapan Government. The meeting also provided the company a chance to learn the Government’s plans.

“The meeting allowed us to learn about the new policies being implemented by the new government, their approach towards cybersecurity and it also provided us an opportunity for us to share our best practices with them.  These discussions should be on-going, such as national digital ID that was introduced by Minister of Communications and Multimedia YB Gobind Singh Deo in early October,” said Stephan Neumeier, Managing Director, APAC, Kaspersky Lab.

At the meeting, Neumeier shared his assessment of the next level of cybersecurity threat and what key questions business leaders should be asking about cyber security. Although no formal presentations were done, the meeting was a useful avenue to briefly exchange opinions on Malaysia’s economic development.

Malaysia a Key Market for Cybersecurity

Malaysia is a land of opportunities for cybersecurity companies.

“A study published by Global Cybersecurity Index in 2017 shows that Malaysia ranked third in terms of its commitment to cybersecurity.  Malaysia has always been a key market for Kaspersky Lab, as the policies are in support for ICT development in the country,” Neumeier added.

Malaysia is committed to becoming a leading country within ASEAN to provide robust resources for advanced cybersecurity analytics and forensic resources. A national cybersecurity preparedness will be enhanced to secure digital economy growth.

In Malaysia’s strategy toolbox are plans to encourage STEM graduates to take on cybersecurity as a career. Along the same vein, more effort is being deployed to developing artificial intelligence capability.

The cybersecurity company’s hand in this transformation is building Malaysia’s capacity development through university partnerships. Currently, work is being done with University Malaya and University Malaya Sarawak (UNIMAS). The cybersecurity is in collaboration with CyberSecurity Malaysia.

Kaspersky Lab’s Southeast Asia regional HQ is in Petaling Jaya, Selangor, Malaysia.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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