Enterprise IT News: RM200 million earmarked for local cybersecurity startups with potential

rm200 million earmarked for local cybersecurity startups with potential

The Asia Cybersecurity Exchange (AsiaCyberX), has officially launched, with the ambition of elevating the cybersecurity ecosystem in Malaysia. This could benefit local cybersecurity startups.

A result of collaboration between 13-year old LE Global Services Sdn Bhd (LGMS) and Ace Group; a diversified group with focus upon financial services; AsiaCyberX is solely owned by Ace Accelerator Network Sdn Bhd.

Deputy Minister of Communications and Multimedia, Dato’ Sri Jailani Johari officiated the event, and during his speech, described AsiaCyberX as a platform for knowledge sharing, and even formulation of strategy.

LGMS provides cybersecurity services to numerous businesses locally and in the region. With emphasis upon financial institutions, telecommunications operators and more, it also claims to be the first and only private consulting firm in Malaysia with ISO/IEC 17025 certification for its testing lab.

LGMS CEO, Fong Choong Fook, said, “With our training and mentorship programmes, we aim to elevate Malaysia’s cybersecurity ecosystem to a whole new level by strengthening the capabilities of local talent and entrepreneurs.”

With that in mind, AsiaCyberX will partner with professional certification and training bodies like CSA (Cloud Security Alliance) and ISACA (Information Systems Audit and Control Association).

Of note as well, is the 12-month pilot programme with MDEC, the MDEC Cybersecurity Development Program, which was announced during AsiaCyberX’s launch. Besides conferences, hackathons, roundtables and industry collaboration workshops, the programme will be a crucial initiative to close the gap between academic theory and real-life cybersecurity scenarios.

MDEC’s Director of Enabling Ecosystem division, Wan Murdani Wan Mohamad said, that this pilot aims to train 240 graduates from 8 premier tech universities, and ensure that these graduate cybersecurity specialists become exposed to essential skills in cybersecurity.

Cybersecurity players and ecosystem partners who attended the event, opine that these local cybersecurity startups could develop new technologies, or work with new technologies like artificial intelligence, to create cybersecurity solutions, that could help alleviate the mundanity of repetitive tasks in cybersecurity jobs

Full article from enterpriseitnews


You may also find other interesting LGMS News at the following links:

SinChew Daily: 数字经济机构等推介‧asiacyberx培育网安人才
The Sun Daily: 240 cybersecurity specialists to be trained this year
Malaysian Digest: Govt Targets 2,000 Data Scientists By 2020
Berita Harian: AsiaCyberX sasar lahir 240 pakar keselamatan siber