Guardians of the Digital Realm: Securing Malaysia's Future
As Malaysia accelerates its digital transformation, the stakes for cybersecurity have never been higher. The nation faces over 3,000 cyberattacks daily, compelling organisations to defend against sophisticated phishing scams and manage vulnerabilities within cloud environments. But it's not just about the tech – businesses here are also dealing with alert fatigue (think: non-stop security warnings) and a serious talent crunch when it comes to cybersecurity skills (Malaysia’s Cyber Security Academy, set up by CyberSecurity Malaysia, is expected to begin operations in the second quarter of 2025). These factors complicate the ability of security teams to keep pace and respond effectively to emerging threats.
Have something to contribute around cybersecurity in the Southeast Asia region?
In 2023, Cybersecurity and Privacy Concerns has gained increased prominence as one of the Top 5 Challenges to Digital Transformation for Southeast Asian Enterprises. Whilst Legacy IT takes top spot highlighting vulnerabilities of systems to cyber incidents.
In a 2024 study conducted by AIBP, it reveals a significant discrepancy between what organisations are currently spending on cybersecurity and what they believe they should be spending.
These figures indicate that while a significant portion of organisations are currently spending less than they believe is necessary, there is a clear intention among many to increase their cybersecurity investments. For instance, among Malaysia respondents, only 9% of organisations are spending more than 20% of their IT budget on cybersecurity, whereas 52% believe they should be allocating this amount.
Adequate budget allocation is crucial for implementing comprehensive cybersecurity measures, from acquiring advanced security technologies to ensuring continuous training and awareness programs for employees.
Current vs. Ideal Cybersecurity Spending
AIBP Networking: Cyber Resilience
Together with YBhg. Dato' Ts. Dr. Haji Amirudin Bin Abdul Wahab, Chief Executive Officer of CyberSecurity Malaysia, we are hosting an exclusive industry networking, covering 3 key topics around the role of technology in our business & along the ecosystem to:
Mitigate Risks through Proactive Cyber Risk Management and Resilience Strategies
Explore Governance Frameworks for Cloud and Data in Emerging Technologies
Leveraging Technologies to Strengthen Cyber Resilience in a Dynamic Threat Landscape
Interested in getting involved in our upcoming activities?
Our representatives will be in touch.
Get in touch.
aibp@industry-platform.com
(+65) 6733 - 1107
For the latest ASEAN Digitalisation Updates, connect with AIBP
Past Activities
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Navigating the ASEAN Cybersecurity Landscape: Perspectives from Indonesia and Vietnam
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Is cybersecurity spending indicative of commitment to protect assets, reputation, and stakeholders? - Highlights from AIBP Malaysia Advisory Board
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Can a minimum viable security product (MVSP), help with effective cybersecurity management? - Highlights from AIBP Philippines Advisory Board
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Building Cyber Resilience: Strategies for Cybersecurity Preparedness and Recovery
Cybersecurity Stakeholders We’ve Worked With
