Photo - Hon Fun Ping, CEO, SysArmy
Managed cybersecurity provider SysArmy has announced new plans to address Malaysia’s rapidly expanding market for enterprise IT security solutions with a focus on preventive measures, it said.
During the announcement in Kuala Lumpur, SysArmy’s new chief chief executive officer Hon Fun Ping said Malaysian enterprises – especially financial institutions, have been prioritising on the ‘less critical’ aspects of IT security.
“The current IT Security spending scenario in Malaysia, which also reflects most of the regional market, is that the lion’s share of spending on IT security are on post-event review logs (of data trails) to meet the national Bank Negara’s compliance and reporting requirements," said Hon.
" By the time the IT log audit results are out and presented to the board of directors for review, the damage is already done,” he said, adding that though post event procedures remained important, a more strategic focus was required.
Hon said companies should invest in “ Pre-event/ Preventive IT security measures that are addressed by actionable (network) penetration tests and consultation.”
“Research shows that every dollar spent in Pre-event or Preventive (IT Security) measures translates to up to five times in spending for remedial efforts, or in damages," he said.
A smarter approach
Hon added that Sysarmy’s vision was to elevate Malaysia’s state of IT security to a more holistic and smarter approach in protecting enterprise networks and systems.
" SysArmy believes this is possible now as we are in the Big Data age, whereby the data from past IT security logs, together with real-time worldwide threat patterns and IT security intelligence reports can generate ‘predictive’ areas of vulnerabilities for the enterprise network,” he said.
Hon said a preventive IT security stance was linked to the increasing trend by technology companies of setting up Security Operation Centres (SOCs) to cater to outsourced IT security projects, or for enterprises and GLCs (government-linked companies) to better manage the business’ IT security aspects.
“ SysArmy’s SOC is a service that currently caters to a range of FSI [financial services institutions] and large commercial enterprises and also integrates the technologies of up to 11 leading principal IT security technological brands and to accumulate findings from various R&D ‘intelligence in the wild’ reports generated from security hubs across the world into its SOC’s cyber security tools,” he said.
“As a Managed CyberSecurity Service Provider, we are brand agnostic in our approach,“ said Hon. ” Hence, we are in a very good position to give unbiased expert view of what solutions would be most suited to cater to the budgets and requirements of our clients.”
Sign up for CIO Asia eNewsletters.