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Deloitte's new Malaysian CyberSOC is part of SEA security network

AvantiKumar | Sept. 17, 2015
The new Cyber Security Operations Centre in Malaysia is part of another move to meet increasing cyber threats.

CyberSOC Malaysia launch 

Photo - CyberSOC Malaysia launch at Deloitte Headquarters in Tmn TTDI, KL includes Deloitte Malaysia Country Managing Partner, Tan Theng Hooi, (4th from left), En Anwer Yusoff of Cyber Security Malaysia (5th from left) and Donald Jokhan from IBM Security (6th from left).

 

Deloitte has launched a Cyber Security Operations Centre (CyberSOC) in Malaysia as part of a Southeast Asian security network to offer advanced security monitoring and incident response for businesses, it said.

"With cyber threats increasing in number of attacks as well as sophistication, businesses have to now prepare for intangible threats from cyberspace," said Janson Yap, Deloitte Asia Pacific's Enterprise Risk Services leader.

"The traditional notion of physical damage to one's business is not the only hazard to keep an eye on. Hackers can now target intangible assets such as intellectual property that could lead to loss of the competitive advantage due to stolen intellectual property," said Yap, adding that CyberSOC has three value systems - being secure, vigilant and resilient.

"Our three core pillars of cybersecurity intend to be as holistic as possible by identifying and protecting against external threats, whilst educating an organisation's people to be aware of cyber threats and finally how to prepare for, respond to, and recover from cyber incidents," he said.

Yap said the security centre works with Deloitte member firms around the world to provide around the clock protection across all time zones. In addition to bolstering cyber security, Deloitte's SOC also offer cyber war gaming, an advanced preparedness technique that simulate a potential cyber-attack - allowing organisations to evaluate their cyber incident response preparedness and identify cyber incident response capability gaps.

 Detected attacks increase

"Cyber-attacks are asymmetrical risks where a small, highly skilled group of individuals can cause disproportionate damage to an organisation. The Sony cyber threat incident is indicative of the kind of reputational and financial risks that companies can be exposed to," said Cheryl Khor, Enterprise Risk Services leader for Deloitte Malaysia.

According to security software vendor Kaspersky Lab, the number of detected cyber-attacks increased in 2014 with 94 percent of the global companies surveyed by Kaspersky having had some type of cybersecurity incident in 2014 compared to 91 percent in 2013.  Meanwhile, 12 percent of the surveyed experienced a targeted attack. Kaspersky's Labs estimates an average data security incident can cost a company up to US$720,000 (estimated RM3.11 million) in 2014.

"As more Malaysian businesses evolve into adopting e-commerce platforms, we are confident that Deloitte's CyberSOC centre is well positioned to address and mitigate any cyber threats that may pervade digital businesses," said Khor.

The Malaysian division of CyberSOC will be part of the Southeast Asia's SOC centres, headquartered in Singapore.

 

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