Cybercrime one of top threats in today’s economy
Posted on October 3, 2012, Wednesday
KUALA LUMPUR: Cybercrime is now listed as one of the top threats in today’s economy, largely contributed by the increased reliance on information and internet technologies, said Datuk Dr Halim Shafie, chairman of Telekom Malaysia Bhd (TM).
Speaking at the TM Cyber Security Seminar here, he also said it was important to understand that cyber threats are not always external, in many instances breaches happen from the inside.
“Now, with an ubiquity of networks, cloud computing and big data analytics capability, the concern for cyber threats is magnified. Indeed, cybercrime is on the increase, with Cyber Security Malaysia reporting a 117 per cent rise from 2010 to 2011, he added.
He said the Cyber Security Seminar was another step by TM in collaboration with the EC-Council Academy – a leading information security training provider – to protect and educate employees against cyber risks and threat awareness.
“Impact from security breaches is more than just dollars and cents. It includes loss of customers and reputational trust,” he added.
Meanwhile, Wilson Wong, EC-Council Academy’s managing director said organisations were struggling to keep their company and customers safe from cyber criminals and TM is stepping up to tackle this risk head-on.
“Most companies rely on firewalls, anti-viruses and outsourced or inhouse IT teams to keep company data secure.
“Information security is and should be a company wide effort. Workshops and trainings like this are essential in providing the necessary knowledge to stay safe online,” he added.
More than 300 TM staff from various division attended the one-day Cyber Security Seminar. — Bernama