HGC Global Communications Limited (HGC) has signed an agreement with CyberSecurity Malaysia to strengthen telecommunication cybersecurity and foster innovation.
The Memorandum of Understanding signed by the two organisations will look to enable CyberSecurity Malaysia, the national cybersecurity specialist and technical agency under the Ministry of Communications and Multimedia Malaysia, to achieve its purpose of overcoming national cybersecurity challenges and deliver greater ICT benefits to its users.
“Today, cyber security is a major concern for most industries and the vulnerabilities are rising at an alarming rate; hence IT professionals are in high demand to analyse and overcome these threats. Moreover, these attacks could have been dealt with if those businesses have better cyber resilience,” said Dato’ Ts. Dr. Haji Amirudin Bin Abdul Wahab, CyberSecurity Malaysia’s Chief Executive Officer.
The MoU will first look to benefit large to medium enterprises, the financial services industry, government and semi-government bodies.
“Organisations today are beginning to complement their cybersecurity strategies with cyber resilience. CyberSecurity Malaysia … identifies collaboration as one way to strengthen the cybersecurity ecosystem in Malaysia,” added Dr. Wahab.
The agreement between HGC and CyberSecurity Malaysia is expected to have an impact beyond Malaysia by reaching HGC’s overseas customers, as the company is a fully-fledged fixed-line operator and ICT service provider with extensive local and international network coverage, services and infrastructure.
“Cybersecurity is a paramount asset, key to HGC’s vision of a connected world. As a global telecommunications service provider, we are committed to promoting sustainable development of technological innovations, keeping cybersecurity at the centre of business solutions,” said Ravindran Mahalingam, HGC’s SVP of International Business.
HGC serves a wide range of industry verticals such as e-health, e-commerce, e-education initiatives across Asia.
Under the collaboration, the MoU will cover cybersecurity cooperation in key areas including telecom security, IoT security and threats intelligence. The exchange of information on telecommunication networks, ICT solutions and cybersecurity could further improve cyberattack readiness and prevention measures.
“More, cybersecurity is important in a smart city as the infrastructure can be vulnerable and needs to avoid any breaches. HGC is dedicated to support cybersecurity for ICT and network initiatives, ensuring a secure and reliable digital business environment,” added Mr. Mahalingam.
With its international exposure, HGC is tasked with provisioning its cybersecurity expertise, including consulting, managed security services, engineering, risk management, cloud security and advisory services. This is expected to enable CyberSecurity Malaysia to boost its range of cyber security innovation-led services, programmes, and initiatives to reduce the vulnerability of digital systems, and at the same time strengthen Malaysia’s self-reliance in cyberspace.
According to CyberSecurity Malaysia, from January and September 2020, Malaysia has recorded 8,366 cybersecurity incidents, including fraud, intrusion, and malicious code – an increase of nearly over 10% compared to 2019.
Given that the increase in the number of Internet users has a direct implication on the increase in potential threat on information systems, HGC and CyberSecurity Malaysia believe it is essential to take the necessary precautionary measures.
The Malaysia Government recently announced a US$434 million (RM1.8 billion) Malaysia Cyber Security Strategy (MCSS) to upgrade the country’s cybersecurity measures.