HGC Global Communications Signs MoU With CyberSecurity Malaysia to Strengthen National Telecoms Cybersecurity
A fully-flexed fixed-line operator and ICT service provider, HGC Global Communications Limited (HGC) has announced the signing of a Memorandum of Understanding (MoU) with CyberSecurity Malaysia, the national cybersecurity specialist and technical agency under the Ministry of Communications and Multimedia Malaysia (KKMM).
The MoU will facilitate a platform under which HGC will work towards the advancement of crucial cybersecurity skillsets to the telecom industry. On the opposite side, the MoU will foster innovation in cybersecurity by enabling Cybersecurity Malaysia to overcome national cybersecurity challenges and offer ICT benefits to internet users.
Under the Memorandum, HGC is tasked with provisioning its cybersecurity expertise including consulting, managed security services, engineering, risk management, cloud security, and advisory services. In turn, CyberSecurity Malaysia will boost its range of security innovation-led services, programs, and initiatives to reduce compromising points of digital systems.
At first, the MoU will benefit large to medium enterprises such as the Financial Services Industry, and Government and Semi-government bodies. The benefits of the agreement will go beyond Malaysia’s borders to HGC’s customers overseas, particularly the Asian community. It will also benefit a broad range of industry verticals such as e-health, e-commerce, and e-education initiatives.
The MOU will cover cybersecurity coordination in key fields, including telecommunications security, IoT security, and threats intelligence. The sharing of information on telecom networks, ICT solutions, and cybersecurity can further enhance cyber-attack readiness and protection initiatives.
Ravindran Mahalingam, HGC’s SVP of International Business, said: “Cybersecurity is a paramount asset, key to HGC’s vision of a connected world. As a global telecommunications service provider, we are committed to promoting sustainable development of technological innovations, keeping cybersecurity at the center of business solutions. More, cybersecurity is important in a smart city as the infrastructure can be vulnerable and needs to avoid any breaches. HGC is dedicated to support cybersecurity for ICT and network initiatives, ensuring a secure and reliable digital business environment.”
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Dato’ Ts. Dr. Haji Amirudin Bin Abdul Wahab, CyberSecurity Malaysia’s Chief Executive Officer, said: “Today, cybersecurity is a major concern for most industries and the vulnerabilities are rising at an alarming rate; hence IT professionals are in high demand to analyze and overcome these threats. Moreover, these attacks could have been dealt with if those businesses have better cyber resilience. Organizations today are beginning to complement their cybersecurity strategies with cyber resilience. CyberSecurity Malaysia, a national cybersecurity specialist and technical center under the purview of the Ministry of Communications and Multimedia Malaysia, identifies collaboration as one way to strengthen the cybersecurity ecosystem in Malaysia. CyberSecurity Malaysia is pleased with the collaboration between global companies such as HGC to develop sustainable relationships between government and industry as well as raising the level of readiness and resilience of national cybersecurity and its contribution to national economic growth.”
In the latest developments, perceiving 2021 to be the new normal, Forrester has released its privacy and cybersecurity predictions for 2021. The report highlights that Inside threats, accidental or malicious activities will be up to one-third from today. Remote working during Covid-19, fear of job loss, and the ease at which the data can be leaked are highlighted as the reason. It also highlights that legal action around cybersecurity will rise, zero party data collection will provide marketing opportunities, and privacy leaders reporting directly to CEO will increase to 40 percent.
Some of the cyber attacks that happened in 2020 include:
Twitter was hacked in June where the accounts of high-profile US personalities like Barack Obama, Elon Musk, Joseph R. Biden Jr., Bill Gates, and many more were hacked.
The hotel chain Marriott had a security breach in March that resulted in the leak of data of over 5.2 million hotel guests.
In April, around 500,000 stolen Zoom account credentials, usernames, and passwords were up for sale on the dark web.
Magellan Health, one of the Fortune 500 companies had a ransomware attack in April, resulting in affecting 365,000 patients.
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