Malaysia

Corporate sector must step up, invest in cybersecurity: Fahmi

Minister urges industry players to prioritise data protection

Updated 3 years ago · Published on 09 Jun 2023 7:30AM

Corporate sector must step up, invest in cybersecurity: Fahmi
With the digital economy expected to contribute 25.5% of Malaysia’s GDP by 2025, Communications and Digital Minister Fahmi Fadzil highlights the importance of cybersecurity and data protection. – AMIRUL FITRI HAMIZAN/The Vibes pic, June 9, 2023

KUALA LUMPUR – The corporate sector is urged to make investments to introduce policies related to aspects of cybersecurity that are appropriate to the level of operation of their respective companies.

Communications and Digital Minister Fahmi Fadzil said this is due to feedback from industry players,  who claim that many Malaysian companies do not see the importance of investing in cybersecurity.

“As the digital economy will contribute 25.5% of the gross domestic product by 2025, there is no doubt that one of the most important aspects, apart from the digital economy itself, is cybersecurity and data protection.

“Hence, as a result of tonight’s meeting, there is a need to hold a more extensive discussion with the corporate sector, and possibly through professional bodies that represent companies, to raise awareness about cybersecurity,” he said.

Fahmi said this to reporters after attending the cybersecurity industry town hall session, organised by CyberSecurity Malaysia (CSM), here, last night.

Also present were his deputy, Teo Nie Ching, and CSM chief executive officer, Datuk Amirudin Abdul Wahab.

Fahmi said through the town hall session that he hopes the cybersecurity sector will continue to support CSM in formulating, planning, and implementing several matters related to the implementation of cybersecurity aspects in the country.

Meanwhile, CSM, in a statement, said the town hall session aims to strengthen the efforts of the  Communications and Digital Ministry, as a leader in the development of the country’s cybersecurity industry, to face increasingly complex cyber challenges and threats.

The session, attended by 200 industry players, also served as a platform to exchange views and share experiences on cybersecurity issues. – Bernama, June 9, 2023

Related News

Malaysia / 1y

Minister calls for radio to remain a unifying force on World Radio Day

Malaysia / 2y

Fahmi denies asking Google to disable ringgit currency converter widget

Malaysia / 2y

Fahmi urges media to cooperate in police probes into news sources

Malaysia / 2y

TikTok increases content moderation after cyberbullying incident

Malaysia / 2y

RM100 fine for cyberbullying no deterrent, says Fahmi

Malaysia / 2y

Grieving mother frustrated by politicians’ empty promises

Spotlight

Malaysia

Penang CM defends move by housing board, says enforcement is last resort

By Ian McIntyre

World

Anak Krakatau’s six eruptions recorded

Malaysia

Delivery rider's compassion turns RM14.50 meal into wave of public generosity

Malaysia

Sanusi’s gambling stance puts PAS manifesto under scrutiny

By Alfian Z.M. Tahir

Malaysia

Zahid’s game plan is opening up

Malaysia

Chew Jetty fire: Business owners lose everything in the blink of an eye

By Ian McIntyre

Malaysia

SMART Team leaves for Nepal today as search for 55 Malaysians continues

Diary

Mother Teresa - one of the foremost humanitarian figures of the 20th century died today, 29 years ago

You may be interested

Malaysia

US Embassy denies attempt to influence Malaysia’s political leadership

Malaysia

Electoral momentum, political pressure may be behind Zahid’s push for early polls, says analyst

By Alfian Z.M. Tahir

Malaysia

Loke: Keep Anwar as PM to complete reform agenda

Malaysia

Driver allegedly failed to notice cyclists before fatal car crash

Malaysia

Investigations into political leaders not driven by spite or political payback - PM

Malaysia

SSM warns NGOs against collecting public donations without approval

Malaysia

Eleven held over revenge machete attack on man in Perak

Malaysia

Budget 2027 may bring new relief for squeezed M40