Cyber Threat on Malaysian Companies Have Increased by 25%
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In Malaysia, about 62% of companies see an uptick in cybersecurity issues in the middle of the workplace shift. Since the beginning of the COVID-19 pandemic, there are 25% or more alerts on cyber threats.
Based on Cisco's research named "Future of Secure Remote Work", companies in this country are noticing the problems as unscrupulous persons try to take advantage of the potential holes in security by remotely accessing corporate networks and cloud applications.
The Managing Director of Cisco Malaysia, Albert Chai, said employers and other stakeholders must focus on cybersecurity. He said that even though prolonged remote working is possible, running a business in a new environment will require securing access at a larger scale than before.
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Since the pandemic began, there has been an increase in cybersecurity issues.
He added that there's a chance for companies to transform the way they approach security as an industry to better meet the customers' needs.
The research also found that security has become a priority for local companies as 81% see cybersecurity as extremely important compared to the pre-Covid era. Now that more users connect remotely, 74% of respondents say that the most significant issue is secure access. Other major problems that companies in Malaysia face are:
- Data privacy at 65%, which affects the overall security posture.
- Maintaining control and enforcing policies at 60%.
The main challenge for companies to protect is endpoint protection. Almost two in three respondents say that office laptops or desktops (58%) and personal devices (62%) are hard to protect in a remote environment. Customer information (56%) and cloud applications (55%) came in third and fourth.
Investments in cybersecurity
56% of companies in Malaysia think that there will be an increase in cybersecurity investments. Cisco found that focus on overall cybersecurity defence posture is the most critical investment in planning for a post-COVID-19 workplace (34%).
Other priority investments include:
- Network access at 28%
- Cloud security at 22%
- Device verification at 16%
The research also said that 56% of companies in Malaysia were "somewhat" prepared, while 7% were not ready to support remote working.
The study stated that one trend that is becoming more popular is the hybrid workplace. A hybrid workplace is where employees move between remote working and in the office. It has evolved as a prominent and potentially permanent trend that is shaping the future way of work.
35% of respondents said they expect over half of the workforce to retain the remote working arrangement after the COVID-19 pandemic.
About the research
The research gathered and analysed data from 3,196 IT decision-makers across 21 markets worldwide, including Australia, Brazil, China, Germany, Vietnam, Malaysia, the US, and Mexico.
The results were also split into three regions: the Asia Pacific, Japan and China, North, Central and South America, and Europe.
Source: The Malaysian Reserve
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