CLOUD SECURITY ALLIANCE AND ASIA CYBERSECURITY EXCHANGE RENEW MEMORANDUM OF INTENT

Malaysia, May 13, 2020 – The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment, announced that it has renewed its Memorandum of Intent (MoI) with the Asia Cybersecurity Exchange (ACE) on April 21, 2020. The renewed collaboration encourages future collaboration between both parties in such areas as research, capacity building, and training.

The new MoI furthers the joint efforts between CSA and AsiacyberX, specifically in the areas of:

  • Sharing at events in competency and expertise in cloud security, assurance, risk management, and governance;
  • Development of quality content for specific research and best practices, covering technology governance, risk, security, and audit-related areas; and
  • Development of quality content for AsiacyberX’s capacity building and innovation program.

“We have achieved much together in building the cloud security community in Malaysia the last two years. The renewed MoI will help intensify the working partnership between CSA and AsiacyberX in education and research, including technical and professional education and training, and will open up new avenues of cooperation,” said Jim Reavis, co-founder and CEO, CSA.

The first MoI was signed in April 2018 at the launch of AsiacyberX in Malaysia. During the course of the initial MoI, both parties successfully organized and supported the inaugural CSA Malaysia Summit (2018) and CSA APAC Congress (2019) targeting the cloud security community. Further, both parties led and participated in the development of quality content for such research working groups as Mobile Application Security Testing and Cloud Incident Response, and Certificate of Cloud Security training and events (e.g., cloud industry roundtable discussions).

“We are delighted to continue the partnership between AsiacyberX and CSA to continuing growing the talents into world-class players. It is a consolidated partnership as we believe working together can create greater outcomes,” said Group Chairman Y. Bhg. Tan Sri Dato’ Ahmad Fuzi Haji Abdul Razak.

About Asia CyberSecurity Exchange
Asia Cybersecurity Exchange, also known as ASIACYBERX is determined to make Malaysia one of the major cyber security hub in the world and to grow all of our talents into world-class players, offering a new level of cyber security expertise to organizations worldwide. Founded and supported by LGMS (https://lgms.global) – the largest cyber security consultancy firm in Asia, ASIACYBERX focuses on ASIACYBERX Start-Up Accelerator Program, Cyber security Talent Development, Training & Mentor-ship, Event Coordination, Job Marketplace and Co-working Office for Cyber security Start-ups. 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. For more information, visit https://asiacyberx.com.

About the Cloud Security Alliance
The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, certification, events and products. CSA’s activities, knowledge and extensive network benefit the entire community impacted by cloud — from providers and customers, to governments, entrepreneurs and the assurance industry — and provide a forum through which diverse parties can work together to create and maintain a trusted cloud ecosystem.

For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

Source: https://cloudsecurityalliance.org/press-releases/2020/05/13/cloud-security-alliance-and-asia-cybersecurity-exchange-renew-memorandum-of-intent/

Preparing for cyber risk assessment is the new normal - ASIACYBERX

KUALA LUMPUR, May 4 -- The COVID-19 pandemic is shifting social and business norms and forcing businesses to ramp up their digital transformation, says Asia Cybersecurity Exchange (ASIACYBERX).

It said the wider adoption of digitalisation means that businesses must include cyber risk assessment, testing and training as part of the new normal, even after the pandemic eases.

“The extended restriction of movement is causing a paradigm shift to remote working and ‘social distancing’ and this has led organisations to move operations quickly to the digital channels for continuity.

“The acute spike in digitalisation has presented chief executive officers (CEOs), entrepreneurs, as well as information security personnel a new set of cybersecurity challenges, as higher usage of technology means greater exposure to cyber threats,” ASIACYBERX said in a statement today.

Formed in April 2018, ASIACYBERX is solely owned by ACE Accelerator Network, which is a collaboration between LGMS, the largest professional security testing firm in Malaysia and ACE Group, a diversified investment conglomerate to support Malaysia’s transformation to become a world-class cybersecurity resource hub.

ACE Accelerator Network and LE Global Services Sdn Bhd (LGMS) CEO, Fong Choong Fook said a number of companies that traditionally did not have much online presence prior to the outbreak suddenly find themselves needing to digitise their business quickly.

“This group is most vulnerable to cyber threats. So, it is time for businesses to change their mindset to view cybersecurity assessment and management as the new normal, just as ‘social distancing’ has become the new social norm,” he said.

CyberSecurity Malaysia recently reported a total of 838 cyber attacks during the Movement Control Order (MCO) period from March 18 to April 7, representing a whopping 82.5 per cent increase compared to the same period last year.

“Today’s hackers do not target a specific industry or company. They are using automated ways to attack any companies or even individuals who lack cybersecurity knowledge.

“For example, hackers may be pretending to be suppliers and customers, and unprepared businesses will easily fall prey to it, and we are looking at a huge population of businesses that lack the right cybersecurity measures,” Fong said.

When a cyber attack occurs, businesses must be able to respond immediately and decisively, hence, they must step up preparations against cyber threats to ensure that their operations would be able to recover quickly, he said.

“Education is key. They must realise that cybersecurity and physical security is not the same.

“Physical security is tangible and can be detected; on the other hand, cybersecurity requires specific know-hows to identify the security gaps,” he said, adding that small and medium-sized enterprises need to stay up-to-date with the latest cybersecurity trends and incidents.

“At least, with the right knowledge, they know what needs greater protection and take the right steps to do so,” he added.

 

Source: https://www.bernama.com/en/news.php?id=1838281

MDEC LAUNCHES COMEBACK CAREER PROGRAMME FOR MORE WOMEN TO JOIN CYBERSECURITY SECTOR

The Malaysia Digital Economy Corporation (MDEC) wants more women to become a part of the cybersecurity workforce, by encouraging them to apply for the new Empowering Women in Cyber Risk Management Programme.

MDEC chief executive officer Surina Shukri described the pioneer programme as an important step towards building a highly-valued workforce with critical skills.

“This programme will empower women to develop the skills needed for jobs with high-demand in the era of Industry 4.0,” she said.

Women, Family and Community Development deputy minister Hannah Yeoh at the launch said the programme is “timely”.

Image removed.
MDEC chief executive officer Surina Shukri (left) handing Women, Family and Community Development deputy minister Hannah Yeoh a token of appreciation at the launch of new Empowering Women in Cyber Risk Management Programme.

 

“This is part of a strategic ongoing effort to build up talent in the cybersecurity field as well as to provide skills needed for women to return to the workforce,” Yeoh added, citing as examples women who took time off their careers for motherhood or caregiving for their elderly parents.

According to Yeoh, successful applicants will undergo a three-month training period this year with the programme’s industry partners such as CIMB, PwC Malaysia, Cisco Systems and Asia Cybersecurity Exchange.

“They will receive training on ways to improve their skills at the workplace and develop insights on the cybersecurity sector. They will also be registered into a global certification programme to show that they have what it takes to be a part of this field,” she said.

Yeoh added that industry partners have been made aware that the programme is geared towards encouraging women to return to the workforce.

“They (industry partners) understand that this a career comeback programme. There are core issues or challenges surrounding women in this category.”

Yeoh hoped that industry partners will look into matters relating to childcare, flexible working hours and allow women to explore options like working from home.

“Of course the initial first few weeks will require some adjustments. So we have industry partners who understand these requirements and that some women may need time to ease into their roles.”

During the training period, the trainees will receive a monthly allowance which varies. An incentive of RM10,000 is provided to industry partners to train and offer employment to applicants.

Surina said MDEC will be open to receiving any number of applications for the Empowering Women in Cyber Risk Management Programme but will start the inaugural training class with 50 spots. Should there be more than 50 applications, MDEC said it is prepared to start more training classes.

Malaysian women with three years corporate working experience who have been out of the workforce for more than six months are encouraged to apply through the website before July 31.

The programme is a partnership with the Ministry of Women, Family and Community Development, TalentCorp, Communications and Multimedia Ministry, National Cyber Security Agency (NASCSA) and Jabatan Pembangunan Wanita (JPW).

Source: https://www.thestar.com.my/tech/tech-news/2019/06/20/mdec-launches-comeback-career-programme-for-more-women-to-join-cybersecurity-sector/

Cybersecurity accelerator programme in Malaysia to offer US$48M to local talents

Asia Cybersecurity Exchange claims that it’s the first cybersecurity accelerator in the country

Asia Cybersecurity Exchange (ASIACYBERX), the cybersecurity platform, has come through with its plan to cultivate and nurture more local cybersecurity talent via a RM200 million (US$48 million) Cybersecurity Accelerator Programme.

ASIACYBERX claimed that the Accelerator Programme is part of its long-term plan to create a broader pool of cybersecurity talent by developing young innovative startups into high-growth potential businesses. It hopes to help boost Malaysia’s overall digital economy.

The Accelerator Programme emphasises active mentorship to help local startups and entrepreneurs commercialise their solutions and products, fine-tuning business models, and secure funding and networking opportunities within its existing network. The network itself comprises of more than 20 mentors, entrepreneurs, and industry experts.

According to the Ministry of Communication and Multimedia, Malaysia is one of the top three ASEAN countries that are expected to contribute 75 per cent of the regional cybersecurity services market share by 2025.

The initiative is already supported by several key government agencies, including Ministry of Communications and Multimedia, National Cyber Security Agency Malaysia (NACSA), Malaysian Multimedia and Communication Commission, Malaysia Digital Economy Corporation (MDEC), and Bank Negara Malaysia.

ASIACYBERX, the company behind the accelerator program, was launched in April 2018 to “strengthen the country’s growing cybersecurity ecosystem to support Malaysia’s transformation into a world-class cybersecurity resource hub”. It is solely owned by ACE Accelerator Network Sdn Bhd, which was formed following a partnership between LE Global Services Sdn Bhd (LGMS), that holds the majority of professional security testing firms in the country, and the ACE Group, a diversified investment conglomerate.

LGMS Chief Executive Officer, Fong Choong Fook, will be the lead mentor for the Accelerator Programme.

“In today’s digitised world, cybersecurity is no longer a technology need, but rather a key business enabler. Businesses are increasingly investing in security solutions and services to counter attacks and ensuring their data is secure. Through this programme, ASIACYBERX is happy to play an active role in expanding the local cybersecurity ecosystem by nurturing home-grown talent and competencies,” said Fong.

The program itself will not limit the selection process to pure cybersecurity players; instead it is open to startups in IT security, big data analytics, and cybersecurity-related solutions.

 

Source: https://e27.co/cybersecurity-accelerator-programme-in-malaysia-to-offer-us48m-to-local-talents-20190419/

RM200 Million Programme to Nurture Local Cybersecurity Talent

Recognising the growth potential of the booming cybersecurity industry, Asia Cybersecurity Exchange (ASIACYBERX), a leading cybersecurity platform, is forging ahead with its plan to cultivate and nurture more local cybersecurity talent through a RM200 million Cybersecurity Accelerator Programme.

A first in Malaysia and Southeast Asia region, the Accelerator Programme is part of ASIACYBERX’s long-term plan to create a broader pool of cybersecurity talent through developing young innovative start-ups into high-growth potential businesses, which in turn, will help boost Malaysia’s overall digital economy.

The Accelerator Programme emphasises active mentorship to help local start-ups and entrepreneurs throughout every step of their growth journey, from commercialisation of solutions and products, to fine tuning business models, to securing funding and networking opportunities within its existing network of more than 20 mentors, entrepreneurs and industry experts.

To date, a total of RM200 million has been allocated under the programme to help shortlisted start-ups scale their business to the next growth level.

Supported by the several key governmnt agencies, including Ministry of Communications and Multimedia, National Cyber Security Agency Malaysia (NACSA), Malaysian Multimedia and Communication Commission, Malaysia Digital Economy Corporation (MDEC) and Bank Negara Malaysia, ASIACYBERX was launched in April 2018 to strengthen the country’s growing cybersecurity ecosystem to support Malaysia’s transformation into a world-class cybersecurity resource hub. It is solely owned by ACE Accelerator Network Sdn Bhd, which was formed following a partnership between LE Global Services Sdn Bhd (LGMS) and the ACE Group, a diversified investment conglomerate. LGMS is currently the largest professional security testing firm in Malaysia.

Fong Choong Fook, LGMS Chief Executive Officer, who is also the lead mentor for the Accelerator Programme, said, “This is an exciting time for the cybersecurity industry. In today’s digitised world, cybersecurity is no longer a technology need, but rather a key business enabler. Businesses are increasingly investing in security solutions and services to counter attacks and ensuring their data is secure. Through this programme, ASIACYBERX is happy to play an active role in expanding the local cybersecurity ecosystem by nurturing home-grown talent and competencies. Our mission is really to help them grow and reinvent the industry.”


According to the Ministry of Communication and Multimedia, Malaysia is one of the top three ASEAN countries to contribute 75 percent of the regional cyber security services market share by 2025.

While the Accelerator Programme is anchored on cybersecurity, Fong highlighted that the programme will not limit the selection process to pure cybersecurity players; instead it is open to start-ups in IT security, big data analytics, and cybersecurity-related solutions.

“We hope the Accelerator Programme will allow us to cast the widest net possible to attract new start-ups to develop next-generation cybersecurity solutions. That’s why, the programme is uniquely designed to enable us to bring together key industry stakeholders, including policymakers, providers, industry experts and academia to work together to grow a broader pool of talent and entrepreneurs,” Fong elaborated.

Commenting on the Accelerator Programme, ACE Group Chairman, Tan Sri Dato’ Ahmad Fuzi Haji Abdul Razak, said, “The cybersecurity industry offers phenomenal growth opportunities. But, for the local cybersecurity industry to continue to thrive, we need to build a competitive ecosystem. ACE Group is supporting promising start-ups to grow their ideas and scale their business to take up global cybersecurity challenges, from right here in Malaysia.”

Interested start-ups can find out more information about ASIACYBERX Cybersecurity Accelerator Programme at https://asiacyberx.com or call 03-8601 4869 / email: info@asiacyberx.com

 

Source: https://www.businesstoday.com.my/2019/04/18/rm200-million-programme-to-nurture-local-cybersecurity-talent/