Data breaches have seen a four-fold increase with 22 reported incidents this year alone as opposed to 2016 with only six reported cases, according to CyberSecurity Malaysia (CSM) records.
The Chief Executive Officer of CSM says this goes under the intrusion category as one of the reported incidences of the close to 10,000 reported cases they receive every year. “Of these, fifty percent are fraud cases,” he added.
He shared this at the signing of a memorandum of understanding between CyberSecurity Malaysia and Turkey's May Cyber Teknoloji, which looks at improving Malaysia’s cyber security as a whole, be it government, corporate or individual.
The collaboration will focus on three key areas pertaining to research and development covering the areas of cyber security, such as technical, tools, methods and processes; capacity building through competency training programmes as well as cyber security skills, and finally in developing marketing strategies to promote cyber security.
Chairman of the CyberSecurity Malaysia Board of Directors, General Tan Sri Mohd Azumi Mohamed, who was on hand to witness the signing said Malaysia has a good standing in the region as a beacon for cyber security, which was a big reason May Cyber Teknoloji was interested to partner with Malaysia and open their first international HUB here in Kuala Lumpur.
Mr. Mehmet Ali Yalcindag, Chairman, May Cyber Teknoloji A.S said, "May Cyber Teknoloji A.S looks forward to develop a hub in Malaysia to expand our services and technological expertise to ASEAN countries including members of the Organization of Islamic Cooperation - OIC. Hence, we will set up our first regional office in Malaysia and collaborate with another local company, Nexagate Sdn Bhd to promote technology transfer."
With the growing trend worldwide on cyber threats, the need to fortify and look at preventive measures has become imminent. CSM to date has received 3,240 reported incidents on fraud; 1,781 on intrusion; 694 on malicious codes and 499 on cyber harassment. With 6,891 incident reports in total as of October this year.
CSM currently acts as a centre to assist individuals as well as corporations to better prepare their cyber platforms to prevent cyber threats. Where they differ from the police is, they are not an enforcement agency but a technical organisation that specialises in cyber security. They have the ability to provide a detailed report of a cyber crime to the police so that the latter may conduct a thorough investigation.
The MoU was signed by Dato' Dr. Haji Amirudin Abdul Wahab, Chief Executive Officer, CyberSecurity Malaysia and Mr. Mehmet Ali Yalcindag, Chairman of May Cyber Teknoloji A.S. The signing was witnessed by YABhg. General Tan Sri Dato' Seri Panglima Mohd Azumi Mohamed (Retired), Chairman of the Board of Directors, CyberSecurity Malaysia.