How important is cybersecurity in Malaysia? How does the Malaysian government implement cybersecurity? These are the things we will discuss.
What Is Cybersecurity In Malaysia?
Cybersecurity is the protection of the public and private sectors in Malaysia. So from cyber attacks, cyber threats, and malicious software.
Malaysian Cyber Security
Malaysia has a cybersecurity act and policy which is regulated by the Malaysian Communications and Multimedia Commission (MCMC). The act and policy are outlined as follows:
Malaysian Cybersecurity Act 2010 (Act 603), amended in 2014
The Malaysian Cybersecurity Policy 2014 (Policy 4/2014)
Source: Cyber Security Malaysia (MCMC)
Why Is Cybersecurity Important In Malaysia?
Cybercrime is growing in Malaysia. According to a report by Norton, a cyber security company, cybercrime cost $400 billion in 2013 worldwide.
The number of people affected by cybercrime is also on the rise. In 2013 alone, 1.7 billion people were by cybercrime, or 48% of the world’s population.
In Malaysia, according to MCMC, there were 1.7 million victims of cybercrime in 2015. The total damage was estimated at RM2.7 billion (USD708 million).
While the average cost per victim was RM5,063 (USD1,470). While these numbers are alarming, they do not include the amount of money spent by companies.
It is to protect themselves against cyber threats or cyber attacks as well as the number of people who have not reported their losses. It is to authorities due to embarrassment or fear of not being taken seriously.
With these facts in mind, it is clear that implementing cybersecurity is necessary for any country. This is to ensure proper protection from cyber threats and cyber-attacks.
How They Implement A Cybersecurity In Malaysia?
In Malaysia, cybersecurity is by the government. This is to ensure that all companies are taking cybersecurity seriously.
This is to ensure that all companies are taking cybersecurity seriously. To implement cybersecurity in Malaysia, the government uses the following methods:
Cyber Security Malaysia (MCMC):
Cyber Security National Plan (CSNP):
The Cyber Security National Plan (CSNP) was formed by MCMC. This is to strengthen the national cybersecurity capability in Malaysia.
Cybersecurity Act 2010 (Act 603):
In 2010, a cybersecurity act was introduced in Malaysia. The act was to protect all its citizens from cyber threats and cyber-attacks.
What Are The Benefits Of Implementing A Cybersecurity In Malaysia?
Malaysia has one of the most progressive cybersecurity policies in the Asia Pacific region. The country has a national plan for cybersecurity that includes.
- The development and implementation of a National Plan for Cybersecurity (NPC).
- The introduction of a Cybersecurity Act (Act 603) to protect users from online crimes and cybercrimes.
Such as identity fraud, online harassment, falsified information, etc. And introduce criminal sanctions for those who violate this Act.
Establishing Cyber Security Agency Malaysia as an independent agency. It is responsible for developing a plan for securing public services, private sector networks, and critical.
Infrastructure networks against cyberattacks through the implementation of security safeguards. And also, controls across all relevant areas such as:
Private Sector Networks
Public Sector Networks
Secure ICT Ecosystem
Strengthening cooperation with international partners. Such as other countries in the APAC region through various mechanisms like the ASEAN Cyber Security Working Group (ACSWG).
ASEAN Computer Emergency Response Team Coordination Center (CERT-CC) etc. To support each other in detecting and mitigating cross.