This exclusive cybersecurity online discussion will spotlight the burgeoning business opportunities in Malaysia and Indonesia's rapidly evolving cyber security landscapes. Both nations are experiencing significant growth in their digital economies, presenting lucrative prospects for cyber security firms looking to expand their footprint in Southeast Asia.
Key Market Insights:
Malaysia
The cybersecurity market is on a steep growth trajectory, projected to more than double from RM0.95 billion in 2023 to RM2.06 billion by 2028.
A substantial talent gap exists, with the government aiming to cultivate 25,000 cybersecurity professionals by 2025.
Fraud remains the predominant cyber threat, with 2,778 cases reported as of August 2024.
Indonesia
The cybersecurity market is poised for explosive growth, expected to reach $3.39 billion by 2028, with a remarkable CAGR of 24.19%.
Indonesia faces an alarming rate of about 3,300 cyberattacks per week, the highest in Southeast Asia.
A critical skills shortage persists, with the country requiring approximately 100,000 cybersecurity experts to safeguard its digital assets.
This discussion will delve deeper into these insights along with key cybersecurity trends, providing attendees with actionable insights for successful market entry and expansion in Malaysia and Indonesia's cybersecurity sectors.
Invited panelists:
Ybhg. Dato' Ts. Dr. Haji Amirudin Abdul Wahab, Chief Executive Officer, CyberSecurity Malaysia
Lieutenant General (Ret.) Hinsa Siburian, Chief, National Cyber and Crypto Agency, Indonesia (Badan Siber dan Sandi Negara, BSSN)
Sources:
https://www.itnews.asia/news/malaysia-ramps-up-cyber-security-defense-to-stem-rising-fraud-and-ransomware-attacks-612379
https://www.mordorintelligence.com/industry-reports/malaysia-cybersecurity-market
https://techforgoodinstitute.org/blog/expert-opinion/indonesias-cyber-resilience-at-the-epicenter-of-asean-digital-economy-growth/