Photo - (From left) Chua Kee Heng, General Manager, Distribution Division, Jardine OneSolution (2001) Sdn Bhd; and Paul Palmer, Vice President, Asia Pacific Region for F-Secure
Helsinki-headquartered online security and privacy company has made another move to boost its security portfolio to the Malaysian small and medium enterprise (SME) sector by appointing Jardine OneSolution (JOS) as its distributor.
Under the partnership agreement, which was signed (16 March 2015) in Kuala Lumpur by Paul Palmer, F-Secure's vice president for APAC, and Chuah Kee Heng, JOS general manager (distribution division), JOS will be able to focus on delivering cloud-based security solution to SMEs.
Following a 2014 F-Secure Threat Report, which noted a marked increase in cyber threat growth in Malaysia, F-Secure's Palmer said: "We're committed to the region, and this year we've decided to increase our focus and put more resources in Malaysia."
According to PricewaterhouseCoopers (PwC), the Asia Pacific region was now at the cutting edge of information security advances, added Palmer. However, PwC also noted that the region "was lagging in the ability to detect of security incidents."
In addition, a 2014 B2B International survey reported that viruses, worms, trojans, and other types of malware were problems for 61 percent of respondents. The average cost of a single data security incident was US$720,000 for a large company, and in the Asia Pacific region, financial losses due to security incidents increased by 22 percent from 2013.
F-Secure's 2014 Threat Report pointed out that Malaysian businesses, in particular SMEs, were vulnerable to increasing numbers of botnet-related viruses.
Malaysian IT security spend
"In Malaysia, spending on security products by SMEs is expected to hit US$86.7 million this year, and grow to US$130 million by 2017," said Palmer. "It's not a small sum, and this certainly shows that businesses here are mature enough to know that they need to stay safe from unseen threats. We intend to assist them as best we can".
SMEs should focus on corporate cloud-based security solutions, he said. "SMEs are the future of business, and a vital part of Malaysia's business ecosystem. We fully intend to keep them as safe as possible," said Palmer. "Thanks to our Protection Service for Business (PSB), which will soon incorporate integrated mobile security and Freedome for Business, we can offer them exactly what they need."
Established in Malaysia in 2006, MSC (multimedia supercorridor) Malaysia status F-Secure operates from F-Secure Tower in Bangsar South. The facility also hosts a lab, customer support, and R&D operations.
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