PETALING JAYA (Nov 1): Cybersecurity company LGMS Bhd has signed a partnership agreement with Finland's WithSecure to develop innovative and user-friendly cybersecurity solutions specifically for local small and medium enterprises (SMEs).
The partnership’s objective is to protect SMEs from cyber threats, in line with the country’s digital transformation, and in support of the upcoming national cybersecurity bill that is set to be unveiled by the unity government early next year.
The agreement was signed by LGMS executive chairman Fong Choong Fook and WithSecure chief executive officer Juhani Hintikka at LGMS’s office in Subang Jaya here.
The signing ceremony was witnessed by Deputy Communications and Digital Minister Teo Nie Ching and Ambassador of Finland to Malaysia and Brunei Sami Leino.
Teo, in her concluding remarks, said the partnership agreement was timely, and represented a significant leap towards a secured digital economy.
“It is also aligned with the government's Madani Economy vision of attracting significant foreign direct investments, and generating avenues for technological advancements and innovations.
“It serves to demonstrate how collaborative efforts can facilitate a robust, secure and prosperous digital ecosystem, thereby solidifying Malaysia's position as a preferred destination for global tech investments,” she said at the event.
Fong said LGMS' collaboration with WithSecure also aims to deliver cybersecurity solutions that are not only robust, but intuitive and user-friendly, and the purpose is to empower the SME community to navigate the digital landscape confidently and securely.
“Within today’s digital economy, cyber threats and ransomware attacks have become more sophisticated and rampant and potential damages to SMEs, which often lack the necessary information technology expertise and resources.
“Most SMEs today are just one cyber attack away from a devastating setback or even closure,” he added.
An innovative solution currently in the partnership pipeline is the "Made in Malaysia" StarSentry solution, a plug-and-play model that is more than just a "shield" for SMEs, but offers a proactive approach to threat prevention.
This solution is also aligned with broader sustainability goals, and embraces the environmental, social and governance framework of safeguarding critical infrastructure, nurturing a secure digital community and reinforcing stringent governance standards, demonstrating an unwavering commitment to responsible, transparent business operations.
Fong said pre-orders for the solution can already be made, and the product is expected to be in the market by the first quarter of next year.
Meanwhile, Hintikka said the partnership initiative showcased WithSecure's endeavour to foster a secure and prosperous digital economy for Malaysia and the region, and its commitment to crafting solutions that align with local business needs. “It embodies WithSecure's ethos of merging global cybersecurity expertise with local insights to foster a safer digital realm," he said.
WithSecure is a leading international cybersecurity group, which has invested significantly in Malaysia, operating out of Kuala Lumpur for its Asia-Pacific operations.
Source: https://theedgemalaysia.com/node/688468