KUALA LUMPUR (March 26): LE Global Services Sdn Bhd (LGMS), one of Malaysia’s leading cybersecurity companies, aims to launch the Asia Cybersecurity Exchange (AsiaCyberX) in the very near future.
LGMS chief executive officer Fong Choong Fook said the AsiaCyberX initiative was conceived to make Malaysia one of the world’s major cybersecurity hubs.
AsiaCyberX is the brainchild of Fong to advocate and support cybersecurity entrepreneurship, while also nurturing skilled cybersecurity professionals to meet the growing demand in this space.
“AsiaCyberX would also serve as a key catalyst for the cybersecurity ecosystem, both locally and regionally,” said Fong in an interview with NST Business.
“AsiaCyberX’s mission is to identify undiscovered cybersecurity talent and entrepreneurs with huge growth potential.
“With our training and mentorship programmes, we aim to elevate Malaysia’s cybersecurity ecosystem to a whole new level by strengthening capabilities of entrepreneurs and professionals to deal with latest cybersecurity threats,” he further said.
Fong said by increasing the diversity of the cybersecurity workforce, the company will be able to create a broader pool of cybersecurity talent and to muster the right talent to develop rich responses to the increasing threat of cybersecurity attacks.
Fong is a 20-year cybersecurity veteran and who has advised and trained multiple government bodies and multinational companies throughout the Asia Pacific, Eastern Europe, and Africa regions.
AsiaCyberX is solely owned by ACE Accelerator Network Sdn Bhd, and was formed out of a partnership between LGMS and the ACE Group, which is involved in financial services, investments and capital management.
One of AsiaCyberX’s objectives is to train hundreds of cybersecurity talent in the next 12 months, before scaling up to accommodate more talent from next year onwards.
“In cybersecurity, there will be multiple roles which need to be filled and will become increasingly in demand,” said Fong.
“These roles will cover a wide range of duties, from the security analysts who work to prevent and mitigate security breaches to security managers needed to develop and implement overarching processes to keep information private,” he added.
LGMS was established in 2005 to help companies cope with information security issues.
Today, LGMS provides cybersecurity services to numerous local banks, financial services and multinational companies, as well as companies from various other industries across Malaysia and throughout Southeast Asia.
The company is also working with government agencies like Malaysia Digital Economy Corporation (MDEC) and Cybersecurity Malaysia on various cybersecurity initiatives.
ACE Holdings Berhad is a partner of LGMS Global, forming ACE Accelerator Network Sdn Bhd to advocate and support cyber security entrepreneurship, while also nurturing skilled cyber security professionals to meet the growing demand in this space.
ABOUT ACE HOLDINGS BERHAD
ACE Holdings Berhad is an investment holdings company and the ultimate parent to the entities in the ACE Group of Companies. Since 1992, ACE Holdings has built a reputation for pioneering innovative business models, opening up new markets and categories, and pursuing mutually beneficial collaborations with renowned multinational corporations. This is made possible by its vastly talented and experienced team, who are dedicated towards evaluating and carrying out investment strategies founded on five market sustainability pillars – high-growth enterprises, high-yielding capital market instruments, well-defined strategies, sophisticated financial modelling tools, and market innovations.