Category

Cybersecurity

Legacy data protection technology is severely hindering digital transformation say global enterprise CXOs

Legacy data protection technology is severely hindering digital transformation say global enterprise CXOs

By | Cloud, Cybersecurity, Digital Transformation, News
Power Partners

Legacy data protection technology is severely hindering digital transformation say global enterprise CXOs

Almost half of global organisations are being hindered in their digital transformation journeys by legacy data protection technology and IT skills shortages.

The latest industry data in the Veeam 2020 Data protection Trends Report revealed that 40% of organisations rely on legacy systems to protect their data, with 95% of enterprises suffering unexpected outages lasting almost two hours on average.

“Legacy solutions were intended to protect data in physical data centers in the past, but they’re so outdated and complex that they cost more money, time, resources and trouble than realized,” said Danny Allan, the CTO and SVP of Product Strategy at Veeam.

Downtime and outages can cost hundreds of thousands of dollars, pointing to an urgent need to modernise systems including data protection and move to focus on business continuity to enable digital transformation.

Mr Allan added: “It’s great to see the global drive to embrace technology to deliver a richer user experience, however the Achilles’ Heel still seems to be how to protect and manage data across the hybrid cloud.”

The appetite for digital transformation certainly exists at the top of most CXOs agendas, as spending is expected to hit US$7.4 trillion between 2020 and 2023. Respondents in the study also reported that data delivered through IT has become the heart and soul of their business.

But Veeam believes leaders must move data protection beyond outdated legacy systems for real digital transformation to happen.

“Data protection is more important than ever now to help organizations continue to meet their operational IT demands while also aspiring towards DX and IT modernization,” said Mr Allan.

Data is often spread across data centers and cloud through file shares, shared storage and Software-as-a-Service platforms like Google Cloud, AWS, Alibaba Cloud and more.

Mr Allan believed that legacy tools designed to back up on-premise file shares and applications can’t succeed in the hybrid or multi-cloud world, as they cost companies time and money while putting data at risk.

The report by Veeam also discovered half of businesses recognise that cloud has a pivotal part to play in today’s data protection strategy. The Cloud Data Management provider argued that a company needs a comprehensive solution that supports cloud, virtual and physical data management for any application and any data across any cloud in order to achieve a truly modernised data protection plan.

What is the data protection situation like in Asia Pacific?

In Asia Pacific and Japan, the research by the backup solutions provider found that 22% of organisations did not back up their data, which is higher than the global average of 14%.

“Many CIOs are increasing their data protection efforts, but the reality is that systems can easily fall prey to unplanned outages. When this happens, organisations scramble to put their systems back online,” said Shaun McLagan, the Senior Vice President for Asia Pacific and Japan at Veeam.

One in ten organisations also report an “availability gap” between how fast they can recover applications compared to how fast they actually need to recover them, and 90% have a “protection gap” between how frequently they back up their data versus how much data they can afford to lose after an outage.

Mr McLagan added: “To solve this, organisations should modernize their data protection solutions, which goes far beyond backup.”

Businesses are advised to prevent security breaches and ransomware attacks by having offsite and offline backups as well as adequate training for staff, particularly as cybersecurity threats continue to grow.

To prevent attacks, local governments should also advocate for legislation that ensures a strong culture of security like Malaysia’s National Cyber Security Policy.

Ben Chua, a young cybersecurity pioneer in Singapore, said during W.Media’s first Power Talk: “The only way we can do security well is to educate every single citizen of the nation where the whole nation becomes digitally resilient together.”

According to Veeam, ransomware and cyberthreats is the number one challenge faced by organisations, costing an average of US$80,000 to restore data.

The Veeam 2020 Data Protection Trends Report surveyed more than 1,500 global enterprises to understand their approach toward data protection and management. They were surveyed on how they expect to be prepared for the IT challenges they face, including reacting to demand changes and interruptions in service as well as more aspirational goals of IT modernization and digital transformation.

> Rewatch our digital event on Digital Transformation Through the Lens of CXOs

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Power Partners (Vertical)
Comments

New security system using AI and cloud technology looks to reduce car theft and greenhouse gas emissions in Thailand

New security system using AI and cloud technology looks to reduce car theft and greenhouse gas emissions in Thailand

By | Cloud, Cybersecurity, News
Space DC Horizontal Banner

New security system using AI and cloud technology looks to reduce car theft and greenhouse gas emissions in Thailand

Frasers Property Thailand has launched a new innovative security system that uses artificial intelligence and cloud databases in the hopes of reducing car theft and greenhouse gas emissions.

The project known as Dashway equips CCTV cameras with the ability to recognise license plates, predict traffic density and calculate exhaust emissions in real-time.

These enhanced security abilities to keep Thailand safe from premise intrusions and parking violations are powered by machine learning embedded in cloud databases.

Dashway’s data visualisation displays information on traffic density and exhaust emissions.

Display license plate recognition information and classification of cars enter-exit

Yan Khek Wee, the EVP of Investment Property for Frasers Property Thailand, said: “Dashway helps to reduce our operation costs and also provides a seamless experience to our customers.”

The project will be deployed for the first time at Frasers Property Logistics Park to solve the problem of manually handling site security of the facility that accommodates more than 2,000 vehicles per day.

Dashway will provide a non-intrusive experience for customers by deploying Automatic License Plate Recognition technology connected to barrier gates, allowing authorised personnel into the park and reducing traffic congestion.

The project’s Automatic Intruder Detection technology captures 360-degree movement

Geo-fencing technology (GFA)

The cloud database will store information on the types of vehicles to enable predictive analysis and even a future use for targeted advertising.

The project provides real-time notifications to security teams and visualisations of the data to help keep Thailand safe from car theft and reduce greenhouse gas emissions.

This article is produced in partnership with TCC Tech.

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Power Partners (Vertical)
Comments

Interview: A young cybersecurity pioneer’s dream for a safer Singapore

Interview: A young cybersecurity pioneer’s dream for a safer Singapore

By | Cybersecurity, News

Interview: A young cybersecurity pioneer’s dream for a safer Singapore

At the age of 18, a young cybersecurity pioneer named Ben Chua established Cyber Youth Singapore in 2019 and became its CEO with the dream of creating a safer Singapore.

Cyber Youth Singapore serves to empower and educate younger generations as well as exchange knowledge through cybersecurity events and competitions.

He said: “Cybersecurity is so important that it should be as simple as teaching a child how to cross the road safely. It’s as essential as that; to use that phone they have in their hands safely.”

The non-profit is a collective of youths who will be the IT professionals of the future, striving to advance the country’s cyber resilience and pave a future for youths looking to break into the industry.

Mr Chua shared his dream with over 370 experts and peers in the technology industry during W.Media’s first Power Talk: “The big dream is to have at least one cyber defender in every household to ensure that their family is safe.”

What inspired the dream for a safer Singapore?

The need for Cyber Youth Singapore to educate Singaporeans on cybersecurity came after seeing technology and smart devices become so prevalent in most households.

Mr Chua said: “Almost every household in Singapore has internet connectivity. It’s a digital door into every household in Singapore and that’s actually a cause for concern for us because there’s no definite way we can defend against that perfectly.”

This need for an education in cybersecurity is increasing during the pandemic, as the current situation is forcing more businesses and households to digitise. This has enabled threat actors to take advantage of vulnerabilities like those in Virtual Private Networks and video-conferencing tools like Zoom.

Mr Chua added: “This virtual backdoor for hackers will be almost everywhere. The only way we can do security well is to educate every single citizen of the nation where the whole nation becomes digitally resilient together.”

How did you get involved in cybersecurity?

The story of how Ben came to be a young leader in cybersecurity is one of proactivity and aspiration.

When he first pursued cybersecurity, Ben did not have much background in technology, but he was inspired by an outreach talk at his secondary school.

Mr Chua said: “I made the right decision and I never looked back since.”

How can younger generations break into the cybersecurity industry?

The cybersecurity industry is growing rapidly and there is likely to be no shortage of jobs.

Mr Chua reassured his peers with an inspiring message that breaking into the industry isn’t too difficult as long as you never give up despite any challenges and rejections.

He added: “We faced many rejections and people didn’t take us seriously because we are a bunch of youths. It’s really the perseverance and strength of us banding together that made everything work”

Since founding Cyber Youth Singapore, it has gone on to be backed by the National Youth Council and Cybersecurity Agency of Singapore.

How can we help younger generations succeed in cybersecurity?

When Cyber Youth Singapore first began, the young pioneers went to other corporations, agencies and individuals to rally support.

Ben appealed to established generations in cybersecurity to serve as mentors and give direction to the teenagers who want to be a cyber defendant of the future. 

The CEO of Cyber Youth Singapore added: “I would also appeal to older generations to keep an open mind to give us a chance to show you what we can do. That opportunity goes a long way.”

Ben is working right now on educating secondary school students by giving outreach talks on cyber awareness and going beyond career guidance to show what cybersecurity can really offer.

Mr Chua said: “With how prevalent technology is today, cybersecurity education is something all children in the world should be entitled to.”

Cyber Youth Singapore has almost 400 members and hopes to reach 10,000 by 2021.

Mr Chua said: “When I look back at what we have accomplished I feel very humbled by what we have accomplished so far.”

Ben’s journey and bright future has only just begun. He will certainly be a leader to watch on the global stage as the cybersecurity industry continues to grow.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Power Partners (Vertical)
Comments

Check Point uncovers cyber espionage operation targeting governments in Asia Pacific

Hacker visualisation

Check Point uncovers cyber espionage operation targeting governments in Asia Pacific

By | Cybersecurity, News

Check Point uncovers cyber espionage operation targeting governments in Asia Pacific

Cybersecurity specialists at Check Point have uncovered an ongoing cyber espionage operation targeting several government bodies in Asia Pacific.

The Advanced Persistent Threat group known as Naikon used a new backdoor attack named Aria-body. This allowed hackers, who are believed to be based in China, to bypass security measures and gain remote access to a victims’ network.

The APT group targeted Southeast Asian government ministries in Indonesia, the Philippines, Vietnam and Thailand to spy on them, gain sensitive geo-political information and exploit diplomatic relations between departments.

The Manager of Threat Intelligence at Check Point, Lotem Finkelstein, said: “Naikon attempted to attack one of our customers by impersonating a foreign government.”

Check Point’s investigation of the cyber espionage operation began when they found a malicious email was sent from a government diplomat, thought to be from the Indonesian embassy in Canberra, to the government of Western Australia

When this email was opened, the victim’s device downloads Aria-body from servers used by Naikon.

Naikon was able to evade detection by impersonating government officials in emails using victims’ servers as command and control centers to launch new attacks. Researchers found one server belonged to the Philippines’ Department of Science and Technology.

Naikon was thought to have gone silent since ThreatConnect and Defense Group exposed them in 2015, until Check Point discovered they have been active for the past five years and even accelerated their activities this year.

In the past, Naikon was known as one of the most active APTs in Asia, attacking attacking civil and military organisations around the South China Sea.

Mr Finkelstein said: “We’ve published this research as a warning and resource for any government entity to better spot Naikon’s or other hacker group’s activities.”

This warning is particularly pertinent for governments to heed. Thailand recently approved funding for a Government Data Center and Cloud service, which must have strong cybersecurity protocols to avoid vulnerabilities that could be exploited by hackers.

To remain secure, government’s should advise staff to check emails carefully, manage user privileges, monitor and analyse logs, and make sure you’re only downloading files from trusted sites.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Space DC Vertical Banner
Comments

World’s first complete cyber protection solution released by Singapore unicorn Acronis to fight pandemic cyberthreats

Screenshot of Acronis Cyber Protect platform

World’s first complete cyber protection solution released by Singapore unicorn Acronis to fight pandemic cyberthreats

By | Cybersecurity, News

World’s first complete cyber protection solution released by Singapore unicorn Acronis to fight pandemic cyberthreats

Singapore unicorn and global leader in cybersecurity, Acronis, has released the world’s first complete cyber protection solution.

Acronis Cyber Protect integrates backup, disaster recovery, next-gen anti-malware and more into one AI-powered platform to defend clients against cyberthreats. 

The solution also includes COVID-19 URL filtering and total Zoom security, which is particularly timely with the plague of pandemic-related cybersecurity threats like those affecting Zoom.

Acronis Founder and CEO, Serguei Beloussov, said: “Traditional backup solutions are dead because they are not secure enough, and traditional anti-virus applications do not protect data from modern cyberthreats.”

Acronis hopes this solution will empower managed service providers to make security a focal point of their portfolio by eliminating complexity, improving productivity and cutting costs.

The Singaporean cybersecurity unicorn, which serves 500,000 businesses and 100% of Fortune 1000 companies, believes patchwork vendor solutions decrease security and complicates employee training on numerous different softwares.

Mr Beloussov added: “Service providers need to offer their clients integrated cyber protection that covers all Five Vectors of Cyber Protection – safety, accessibility, privacy, authenticity, and security.”

The complete cyber protection solution achieved a perfect score of 100% detection rate after scanning 6,932 malicious Windows executable files. But if a threat does slip through the security measures, Acronis Cyber Protect provides business continuity to help restore data and recover systems effectively.

Phil Goodwin, Research Director, Infrastructure Systems, Platforms and Technologies Group at IDC, said: “Acronis is among the companies on the forefront for integrated data protection and cyber protection.”

AV-Test, the German security institute known for rigorously resting malware security solutions, found that Acronis Cyber Protect delivered a perfect result in the lab’s false-positive test, causing zero false positives.

Mr Goodwin added: “We believe that Acronis Cyber Protect is among the most comprehensive attempts to provide data protection and cybersecurity to date.”

A personal version of the complete cybersecurity solution is planned for a Q3 2020 release.

The cybersecurity unicorn has done Singapore proud after being founded in 2003 and growing into a global cyber protection leader with more than 1,500 employees in 33 locations across 18 countries.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Space DC Vertical Banner
Comments

W.Media Power Talk: Finding optimism and inspiration during the pandemic

W.Media Power Talk: Finding optimism and inspiration during the pandemic

By | Cloud, Cybersecurity, Data Center, Digital Transformation, News, W.Media Events

W.Media Power Talk: Finding optimism and inspiration during the pandemic

More than 370 technology experts and enthusiasts came together for our first Power Talk, sponsored by Keppel Data Centres, to explore the state of our industry and the digital economy in these challenging times.

We kicked off Inside Asia – Technology & Market Next Moveswith a pre-show interview from young cybersecurity pioneer Ben Chua that was both empowering and gave hope for a bright post-pandemic future.

Mr Chua, the CEO of Cyber Youth Singapore, gave some advice to his younger peers looking to break into the industry: “The key thing is to never give up. When we first started Cyber Youth Singapore, we faced many rejections and people didn’t take us seriously. It’s really the perseverance and strength of us banding together that made everything work.”

Mr Chua added established generations in cybersecurity can help by mentoring and keeping an open mind by giving youths a chance.

In attendance, Rendy Rinaldy, Data Center and Client Administrator at Alfamart, said: “Ben Chua, you give us inspiration that cybersecurity is important.”

A new hope: The digital economy and tech spending post-pandemic

Amongst the negative news surrounding the pandemic, our first panel session, led by DC1st’s Ka Vin Wong, gave us an optimistic outlook for the digital economy’s future.

The Co-founder and COO of Princeton Digital Group, Varoon Raghavan, said it was business as usual, despite the pandemic.

Mr Raghavan discussed a positive view on the data center industry: “ There is extremely high demand that’s not related to the pandemic, that’s just the way that the business is.”

With surges in internet usage from more remote working and data center operators considered essential workers throughout the world, the necessity for data centers is becoming even clearer.

Mr Raghavan added: “We are doing all we can to keep up with that demand to ensure that the digital economy goes on and gives people some diversion in this difficult time.”

And it’s not just data centers seeing increasing demand. Jason Frisch, the CEO of Tsukaeru Group, is finding that cloud services are reaping the benefits from the work from home situations that many of us are currently in.

Mr Frisch said: “Obviously there’s going to be a big shift to cloud services and I don’t see it going backwards.”

But Mr Frisch warned that costs may start to rise with all the new money flowing around, but this is difficult for providers to do when trying to make a profit margin, particularly for non-hyperscale players.

The rising use of cloud applications like Zoom has also brought concerns of cybercrime to the forefront. 

Cybersecurity expert Anthony Lim said: “All these issues make the end user become more aware of cybersecurity and cyber hygiene requirements … which is good because it heightens the awareness of cybersecurity.”

How 5G, Cloud and Datacenter Outlook have been shaped by recent events

In the second panel session, we explored the current state of the 5G, cloud and data center industries and opportunities for investment.

Our panel agreed there will be a slow down in 5G rollout schedules due to the pandemic. But Sachin Mittal, the Head of Telecom, Media and Technology Research at DBS Bank, believed the outbreak will generate new use cases to further enable remote work in industries such as healthcare where there was originally some hesitancy in adopting 5G.

Importantly, 5G will enable much more data creation from faster surfing speeds and more device connectiving, placing greater pressure on data centers. 

There is no doubt that 5G can enable new revenue streams and open up new business opportunities. The new technology is likely to improve smoother accessibility and efficiency for cloud-based applications with its promise of low or zero latency.

Kok Chye Ong, the Head of Global Strategy and Investments at Keppel Data Centres, said: “We look forward to seeing how 5G will evolve, and how data centres will continue to play a critical role to support network latency and network architecture of this new technology.”

Telcos could see a lack of increased revenue when traffic increases due to the rollout of 5G. But we have seen attempts to monetise existing customer bases in the past with Singtel and Grab teaming up for a digital banking venture.

Ajay Sunder, the Deputy Director of Strategy at SC-Nex, said: “There is a use case for 5G which is not being talked about, which is the private networks.”

Private networks allow for non-carriers of 5G to come into the ecosystem and explore monetizable new use cases, splitting the infrastructure spend between non-traditional carriers like industrial and public safety players.

How will new investments and technologies digitally transform business?

Along with the pandemic forcing the world online, advancing technologies in data centers, cloud services and 5G will open the door for organisations to consider or rejuvenate strategies to digitally transform their business.

Explore how SMEs and C-level staff can successfully implement digital transformation plans and avoid common pitfalls at our next free digital event Digital Transformation – Through the Lens of CXOs and SME Business Owners

Watch this space for more in-depth analysis from ‘Inside Asia – Technology & Market Next Moves’

In the coming weeks, we will take a deeper look at the sessions from our first Power Talk, including answers to your unanswered questions!

Thank you to our sponsors at Keppel Data Centres and our supporting partners across Southeast Asia for helping to make the first Power Talk a huge success. And a big congratulations to Darmadi, the CIO of Toyota Astra Motor, who won our grand prize for asking the best question during the Power Talk.

Watch Inside Asia – Technology & Market Next Moves on demand.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Power Partners (Vertical)
Comments

Prepare for a post-pandemic future with W.Media’s first digital Power Talk event

Prepare for a post-pandemic future with W.Media’s first digital Power Talk event

By | Cloud, Cybersecurity, Data Center, News, W.Media Events

Prepare for a post-pandemic future with W.Media’s first digital Power Talk event

The pandemic has thrown the world into a state of uncertainty, but this is our opportunity to come together and prepare for a future where technology and digital transformation in our professional and personal lives is becoming a necessity.

On 30 April 2020 from 11am SGT at our free Inside Asia – Technology & Market Next Moves digital event you can join industry experts and peers to explore the current and future outlook of 5G, cloud services, data centers and cybersecurity.

Our first Power Talk, proudly sponsored by industry leader Keppel Data Centres, will include two panel sessions that you won’t want to miss.

The first panel will invite you to engage with a discussion on the digital economy and tech spending. Our second panel will focus on the current outlook for 5G, cloud and data centers as well as future investment opportunities.

Close to 500 key executives throughout the world have already registered across telecommunications, OTT, finance, banking and more industry verticals to experience one of the largest technology and market digital talk shows in Asia.

A new hope: The digital economy and tech spending post-pandemic

The Southeast Asian digital economy is booming and tech spending is growing steady. But how could this change now that the pandemic has forced many to work from home, increasing the demand for data centers and cloud services?

In the first panel, we will be joined by experts in the data center, cloud and cybersecurity industries to share their perspectives and answer your questions on the current value of the industry and how we can make our future brighter.

With more than 30 years of experience, the Managing Director of DC1st Wong Ka Vin will be the lead moderator for both sessions. Before DC1st, Ka Vin led a major rebranding process for 1-Net and continued to grow its revenue by expanding their customer base. He also led the development for SEA’s 1st Uptime Tier III DCCF DC in Singapore.

Supporting Ka Vin will be Anthony Lim of Fortinet, a pioneer in the Asia Pacific cloud and cybersecurity space with over 20 years’ experience. Anthony is a trusted voice on cybersecurity and governance matters, appearing on television and news publications multiple times.

Our moderators will put your questions to two key names in the industry. 

Varoon Raghavan, the Co-founder and COO of Asia’s data center giant Princeton Digital Group, will share his experience of more than 15 years in the internet infrastructure industry. 

Jason Frisch, the founder of top cloud services provider Tsukaeru Group, will be there to explain how COVID-19 can be an opportunity for you to invest in long-term strategies.

How 5G, Cloud and Datacenter Outlook have been shaped by recent events

Virtually every industry imaginable has been impacted and forever shaped by the recent coronavirus outbreak, but this doesn’t have to be all doom and gloom. 

From increased internet traffic and cloud adoption to demand for greater connectivity, there are opportunities to turn this negative present into a positive future.

For our second panel, we will have three more fantastic speakers to share strategies and bold predictions for the investment outlook of our industry.

The Deputy Director of Strategy for SC-Nex, Ajay Sunder, will provide his extensive investment knowledge on various industries built during more than 13 years across Southeast Asia.

Along with Ajay, we will have Kok Chye Ong, the Head of Global Strategy and Investments from our sponsors at Keppel Data Centres. Kok Chye has helped to grow Keppel Data Centres’ presence in APAC and EMEA as well as expanding into new markets such as Netherlands, Germany and Indonesia.

And sharing his vast expertise on 5G and the impact of digital technologies on banking, retail and telecom sector, we have Sachin Mittal. His achievements include being ranked as the number one telecom analyst in Asia by the Wall Street Journal in 2013.

And joining Ka Vin as supporting moderator will be me, Stuart Crowley, W.Media’s Editor. I am looking forward to welcoming you online to our first Power Talk. It will be exciting to see some fantastic engagement – asking a great question could even win you a $50 Amazon gift card!

You are encouraged to register online as soon as possible. Spaces are limited and going fast. Make sure to secure your place to join industry peers from Southeast Asia, China, Japan, India, Australia, New Zealand, UK and USA.

See you at 11am SGT on 30 April for Inside Asia – Technology & Market Next Moves!

A big thank you to our sponsors at Keppel Data Centres as well as our supporting partners OPEN-TEC, Quang Trung Software City (QTSC), iCIO Community, eBusiness Association of Malaysia (EBAM), APTIKNAS (Asosiasi Pengusaha Teknologi Informasi dan Komunikasi Nasional) and the Asia Cloud Computing Association (ACCA).

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Space DC Vertical Banner
Comments

Did Zoom do enough to prevent their plague of security breaches?

Did Zoom do enough to prevent their plague of security breaches?

By | Cybersecurity, News

Did Zoom do enough to prevent their plague of security breaches?

Zoom’s boom in popularity has left the video-conferencing platform vulnerable to cybercriminals exploiting the fear, uncertainty and rise in remote working driven by the coronavirus outbreak.

The vulnerabilities include user’s data being shared with Facebook and Zoom calls from non-Chinese users ‘mistakenly’ routed through Chinese data centers.

The word ‘Zoombombing’ has even been coined, as conferencing streams are being hijacked by unwelcome guests. 

Reports have surfaced of an online geography lesson in Singapore that was allegedly hacked by two men who shared explicit images. The Ministry of Education has since suspended the use of Zoom for teachers.

Security and privacy concerns over Zoom led organisations like Google, Elon Musk’s SpaceX, the US Senate, the Philippines’ telecom giant PLDT and the Taiwanese Government to ban their workers from using Zoom.

The video-conferencing tool has also been hit with a class action lawsuit by a shareholder who accused Zoom of overstating its security measures and failing to disclose the service was not end-to-end encrypted. The lawsuit came after Zoom’s shares fell by 25% in recent days, despite a huge stock spike of more than 100% since January.

With the plague of security issues facing Zoom, it begs the question of whether Zoom did enough to prevent it.

Zoom’s vulnerabilities identified as early as last year

In June 2019, Check Point disclosed a security flaw where their researchers were able to predict a Zoom Meeting ID with a high chance of success to gain unwanted access to a call. 

While the IT security specialists said Zoom made changes to mitigate the flaw, this is identical to what is now known as “Zoombombing”.

Check Point’s Head of Security Engineering for APAC Gary Gardiner said: “We would never have disclosed vulnerabilities to the wider audience if we didn’t feel that the company, and Zoom in this case, had actually gone through the appropriate checks and balances and made the changes that we would have said they needed to make.”

Zoom is making a number of changes, including upgrading their encryption and hiding meeting IDs.

Mr Gardiner added applications can still be vulnerable during a product’s development. These flaws can be exploited by threat actors particularly when a platform gains popularity very quickly like Zoom during the coronavirus outbreak.

Zoom’s daily usage went from 10 million meeting participants in December 2019 to a massive 200 million in March 2020.

To add another vulnerability to Zoom’s growing list, Mr Gardiner said he is seeing numerous copycat domains posing as the video communications provider. During the past week alone, Check Point witnessed a huge increase of more than 1,700 in domains with the word “Zoom” in the URL.

Zoom is not the only platform exploited by cybercriminals. Mr Gardiner discovered that Office 365 is a prime example of where threat actors are replicating websites which look like the real deal to steal corporate organisations’ credentials. 

He added that cyberattacks on mobile devices are increasing. This is because the URLs are much smaller and applications by organisations like OTT providers are easy to replicate.

As a security professional, Gary said he would like to see organisations like Zoom provide more online education for users to understand how to protect themselves.

How can you stay safe when using Zoom?

To stay safe online, some of the responsibility comes down to the user.

Mr Gardiner said: “From what we have seen with Zoom, there have been some basics that end users haven’t done very well.”

To stay safe when using Zoom and similar platforms, consider the following recommendations:

  1. Password protect your meetings and do not use the same password twice
  2. Use a randomly generated meeting ID provided by Zoom
  3. Lock your meetings once everyone has joined
  4. Only allow authenticated users from the same domain as your own  to join sensitive meetings
  5. Beware of copycat domains – check for spelling errors in the URL

Join in the cybersecurity conversation

The coronavirus outbreak has put into question the present and future state of the cybersecurity industry. With the threat of global attacks rising, the need for a strong cybersecurity plan is more important now more than ever.

Join industry experts for the free W.Media Inside Asia: Technology & Market Next Moves Power Talk on 30th April to explore the impacts of the pandemic on data centers, cloud, 5G, and cybersecurity. And discuss how we can survive and thrive in the post-coronavirus world.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Space DC Vertical Banner
Comments

Malaysia wages war on cybercrime

Malaysia wages war on cybercrime

By | Cybersecurity, News

Malaysia wages war on cybercrime

Incidents of cybercrime are rising at an alarming rate in Malaysia and the Southeast Asia region with organisations seeing more cyber attacks in the past year.

Cybercriminals in Malaysia exploiting the fear and uncertainty surrounding the coronavirus outbreak. CyberSecurity Malaysia identified a spike in cyber attacks during the first phase of the Movement Control Order imposed by the Malaysian Government. 

A total of 20 different coronavirus-related malware was detected in Malaysia by cybersecurity specialists Kaspersky, while Forbes reported that Malaysia is one of the top five countries in the world targeted by cybercriminals during the outbreak.

Before the outbreak, the rate of cyber attacks were still increasing. Microsoft revealed in a 2018 study that Malaysia could suffer a shocking US$12.2 billion in economic loss due to cybercrime.

In February, cybersecurity startup Technisanct discovered more than 35,000 credit cards from a number of banks had been breached in Malaysia and sold on the dark web.

In the future, cybercrime incidents may continue to increase with the advent of 5G technology as well as growing opportunities in the Internet of Things.

Home-grown talent make moves to combat cybercrime

The concerning cybersecurity threats have encouraged many organisations and government bodies to act on tackling the problem of cybercrime in the country.

In an attempt to solve security concerns while many Malaysians are forced to work from home due to the coronavirus outbreak, a tech company in the country has offered a solution. Linkdood launched a Communication Platform designed by cybersecurity experts to enable employees to store files and collaborate securely using private cloud technology.

In March, LGMS, a home-grown cybersecurity company, launched a Cybersecurity Lab with Austrian service provider TÜV Austria. 

The Austrian Ambassador to Malaysia Dr. Michael Postl said: “This partnership has the potential to establish Malaysia as a hub for cybersecurity testing and certification for the Asia Pacific region.”

In the same month, Malaysian data firm Strateq also found success recently when Singaporean telco StarHub announced it will pay up to SG$82 million for an 88% share in the firm. 

StarHub CEO Peter Kaliaropoulos said: “Our existing ICT managed services and cybersecurity capabilities in Singapore and Asia Pacific will be strengthened and diversified following the addition of Strateq to our portfolio.”

Last year, the Government-linked organisation CyberSecurity Malaysia also signed an agreement with Blackberry to protect some of Malaysia’s most important and sensitive data from cybercriminals.

The Malaysian Government joins the battle

While there is no single legislation for cybersecurity in Malaysia, the National Cyber Security Agency is tasked with implementing the National Cyber Security Policy to ensure a strong culture of security and achieve the Government’s Vision 2020 plan.

On Safer Internet Day in February, The Ministry of Education also revealed plans to introduce a National Cyber Security Awareness Module to 300 schools across the country.

During the announcement, Prof Dr Mohamad Fauzan Noordin, Head of Cybersecurity Cluster at the Malaysian Crime Prevention Foundation, agreed that cybersecurity laws should be tightened.

Malaysia shows signs of improvement in the war against cybercriminals

A recent study by Cisco found that companies in Malaysia received 3% less cyber alerts in 2019 compared to 2018, which was better than the average in Asia Pacific. The study also reported that breaches costing companies US$1 million or more fell from 50% in 2018 to only 23% in 2019.

But the battle isn’t won yet. Malaysia and the Asia Pacific have a long way to go. The region still receives more alerts on a daily basis than other regions surveyed by Cisco, while the number of investigated alerts also saw a decline across the region since 2018.

How can you prevent cybercrime and help fight this battle?

One way for businesses to promote a culture of cybersecurity. This can be done by increasing representation and encouraging discussion of cybersecurity in board meetings. A Chief Information Security Officer could be employed to achieve this.

Malaysia CyberSecurity Leader Jason Yuen said: “The role and function of the CISO is relatively new in Malaysia, with Bank Negara leading the way in mandating the establishment of the CISO role in financial institutions. CISOs should focus on building a common understanding of cybersecurity, risks and their value proposition.”

As consumers, customers and Internet users, there are a number of ways we can help to prevent cybercrime:

  1. Remember to use a different password for each account that you own
  2. Avoid accessing sensitive information and saving your details when using public WiFi
  3. Read emails carefully to avoid phishing attacks. Look out for poor spelling and grammar
  4. Review website URLs and check if they are secure

If we all practice better cybersecurity, the battle against cybercriminals becomes easier.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Space DC Vertical Banner
Comments

Cybersecurity market value has nosedived. It will takeoff again

Cybersecurity market value has nosedived. It will takeoff again

By | Cybersecurity, News

Cybersecurity market value has nosedived. It will takeoff again

The cybersecurity market has nosedived with the threat of a global recession looming. But advancing technology and a move to more remote working due to the COVID-19 outbreak may cause the value of cybersecurity to soar.

Stock markets across the world experienced one of their worst months from the fear of a recession caused by the coronavirus. Leaders in cybersecurity like Palo Alto Network, Splunk and CrowdStrike were not immune, as they suffered stock price drops of over 15% in March.

Cybersecurity companies Palo Alto and FireEye have supply chains in Asia and are said to be closely monitoring the situation. Representatives at FireEye wrote: ”The recent coronavirus outbreak or the spread of a pandemic influenza, could impair the total volume of components that we are able to obtain, which could result in substantial harm to our results of operations.”

Cybersecurity will rise from the ashes

Despite plunging stocks, the threat of cyberattacks is not going away. In fact, more remote working caused by stay-home notices and unrest from the outbreak may leave companies vulnerable and in need of stronger cybersecurity.

A huge increase of more than 600% in cyber threat indicators related to the pandemic was identified by CYFIRMA through research into the dark web and hackers’ forums. The cybersecurity firm based in Singapore found that hackers are looking to target governments and businesses by taking advantage of public fear and uncertainty.

The World Health Organisation recently reported it was the target of elite hackers DarkHotel operating in East Asia. The organisation also warned of criminals posing as the WHO to steal money or sensitive information via email.

While COVID-19 may be one of the largest security threats the world has seen, cyber threats in Southeast Asia are far from new and will exist long after the coronavirus calms down. 

Vietnam suffered more than 6,200 cyber attacks in seven months and 94% of Vietnamese enterprises were victims of information breaches, while the Philippines ranked the 7th most attacked country in the world by Kaspersky’s report from October to December 2019.

Regulations require reactions

Countries across Southeast Asia are implementing laws to crack down on cyber threats and ensure firms are compliant, making cybersecurity even more valuable to avoid financial and criminal penalties.

Thailand will join Singapore and Malaysia in enforcing a Personal Data Protection Act, coming into force on 27 May 2020. This will require firms to prevent breaches or face a fine of up to THB500,000, six months imprisonment or both. 

Along with data protection laws, many countries have implemented cybersecurity acts to allow commissioned bodies to investigate cyber threats.

Companies are advised to adapt to varying regulations and perform cybersecurity audits to stay compliant and future-proof. Firms should also expect revisions to current acts as well as new acts by governments where laws are currently more relaxed like Indonesia.

Cybersecurity investors look to Southeast Asia

Spending in the ASEAN region is rising by an average of 15% per year.

Malaysia recently launched a Cybersecurity Lab with Austrian service provider TÜV Austria. The Austrian Ambassador Dr. Michael Postl said: “This partnership has the potential to establish Malaysia as a hub for cybersecurity testing and certification for the Asia Pacific region.”

Successful funding rounds by two Singaporean cloud-based cybersecurity organisations also provided an optimistic outlook for the industry. CYFIRMA raised $8 million to accelerate their business expansion and Horangi gained US$30 million to fuel its expansion into Southeast Asia and Indonesia in particular.

Organisations with weak cybersecurity measures should revise their processes and business continuity plans to remain future-proof and protected against cyber attacks as well as pandemics that may damage your market value.

And with the potential for greater adoption of cloud-based platforms and digitisation encouraged by more remote working and technological advancements, investors should consider the potential value of innovative cybersecurity startups taking off in the near future.

Author

Receive the Latest News

Latest News

Oracle Logo
July 2020

Oracle announces ‘industry’s first fully-managed, on-premises cloud region’

July 2020 | Cloud, Data Center, News | No Comments
Oracle announced the ‘industry’s first fully-managed, on-premises’ cloud region on Wednesday, bringing all their second-generation cloud services directly to customer data centers. The Cloud@Customer service provides enterprise data centers with…
Read More
TM ONE
July 2020

TM to become Malaysia’s first end-to-end Cloud AI Infrastructure Service Provider with Huawei agreement

July 2020 | Cloud, News | No Comments
Telekom Malaysia Berhad (TM) has signed an agreement with Huawei to expand its cloud services and provide Malaysia with its first end-to-end cloud artificial intelligence infrastructure. The TM Cloud α…
Read More
Yotta NM1 data center
July 2020

Yotta to invest $469m in Indian data centers over next two years

July 2020 | Data Center, News, Power Infrastructure | No Comments
Yotta Infrastructure, a Hiranandani Group company, is set to invest US$469m or ₹3,500 crore on three data centers in Mumbai, Delhi and Chennai over the next two years. The facilities…
Read More
July 2020

SpaceDC Indonesia data center becomes the first OCP Ready™ facility in Asia

July 2020 | Data Center, News | No Comments
Singapore-based data center provider SpaceDC has become the first OCP Ready™ facility in Asia. The Open Compute Project Foundation (OCP) awarded SpaceDC’s facility in Indonesia with the certification after demonstrating its…
Read More
AIMS Malaysia Cyberjaya Data Center
July 2020

Malaysia’s AIMS starts constructing flagship Tier III data center in Cyberjaya

July 2020 | Data Center, News | No Comments
Malaysia-based data center operator AIMS has started construction on a flagship Tier III data center in Cyberjaya. The facility will offer 240,000 square feet of white space and a scalable…
Read More
Power Partners (Vertical)
Comments