BALI: The financial sector remains the top sector experiencing cyber attacks in Malaysia this year despite growing cyber resilience and awareness amon...
REUTERSPIXThe financial sector remains the top sector experiencing cyber attacks in Malaysia this year despite growing cyber resilience and awareness among the financial institutions, global cybersecurity firm Kaspersky highlighted.
Nevertheless, he said albeit facing the most attacks, the financial sector has seen some improvement in cyber resilience after Bank Negara Malaysia instructed banks to follow the Risk Management in Technology framework.In addressing the rising threat and risk of cyber attacks from the government perspective, Yeo said that there is a need for the government to address the issue from a regulation standpoint as well as policy standpoint.
“The Malaysian government is looking at the possibilities of making some changes to the two agencies involved in cybersecurity and we are still waiting for the outcome from the recent visits. “The execution process of adopting cyber security is the next crucial step for the industry. At Kaspersky, we will always go to the industry whenever things are coming up right on our end.
“There is no way for a cyber security company to process all these new detections and that is why the artificial intelligence rules come in as we detect the emergence of new malware or new ways of doing things involving cyber risk,” he said. Kasperksy has since revolutionised things by finding a way to develop IT systems with “innate” protection -- Cyber Immunity, a concept that implies the overwhelming majority of cyber attack types are ineffective and cannot affect a system’s critical functions in the usage scenarios specified at the design stage.
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