The future of cybersecurity was top of the agenda at a meeting of IT leaders in Kuala Lumpur, which revealed recent real-life examples of ransomware attacks.
The event brought together some of the region’s top CIOs to discuss how to combat the growing threat. It was hosted by bluedog Security Monitoring as part of the NanoSec ASIA conference.
bluedog’s aims to bring 24-hour cybersecurity monitoring within reach of small and medium-sized companies for the first time and its CTO Tim Thurlings says Malaysia is the ideal place for the company to build its profile.
“Malaysia is determined to maintain the strong growth momentum within the digital sector and the wider economy and cybersecurity is key to driving this transformation,” he explains.
“As a top three ASEAN country, it will account for a significant share of the cybersecurity market. With many complex and fast evolving threats, the security service market is set to grow to as much as RM 2.5billion by 2021.
‘In addition, the recent strengthening of The Malaysia Personal Data Protection Act means that all organisations, large and small, need to improve their business practices to combat potential data breaches and to avoid possible financial loss and reputation damage.’
Bluedog CEO Paul Lomax says the company aims to help Asian businesses to reassure customers, meet international standards and win new business in world markets.
Paul, a part-time Philippines resident, is also the founder of domain registrar Freeparking.com. He is planning to set up an academy to train local people in cybersecurity skills.
Paul says: “Bluedog Security Monitoring provides a cost-effective, locally based solution to cybersecurity issues. We are committed to working in partnership across the SEA region and are investing in developing skills and talent through our regional Security Operations Centre (SOC), that is a key part of the services offered.”