Ready for the future
New cyber and governance challenges
New ways of doing things
Is your information secure
Mitigate risks, ensure your business is ready for all eventualities.
New ways of working and challenges
As we are becoming ever more tech-reliant by digitalising, automating & moving everything to Cloud or Internet. Regulatory & International Standards bodies are enacting compliance requirements and guidelines to govern & reduce associated derivative risks.
We have seen exponential growth rate in organisations of all sizes being affected by ransomware, malware, cyber-espionage, insider attacks and even state-sponsored security breaches.
It can no longer be down to IT alone to defend an organisation, the security mindset must be embedded into employees on-going cyber risk training and be part of organisational risk strategy, with its own budget planning and mitigation programme.
Risk is naturally inherent across all aspects of our lives.
Governance gives us the framework to monitor risks, implement measures to mitigate such risks and reference against industry best practices & standards.
Constant evaluation of security tools and updating security practices that reflect current threat landscape and cybersecurity posture, to minimise asset exposure.
We must balance the intrinsic risks our highly connected and modern world brings.
Sample of client industries:
What we are facing
The below is taken from a UK government study on the costs of cybercrime, although it was recognised that the actual cost is much higher.
Full report can be read here.
Estimated cost of cyber crime to the UK is £27 billion per annum.
A significant proportion of this cost comes from the theft of IP from UK businesses.
CYBERSECURITY & DATA PROTECTION
Cybersecurity is now a key focal point of regulatory bodies and central banks: customer data, sensitive business information, research & intellectual property, fraud, theft, ransomware, spyware and the list goes on.
GDPR - Europe
GDPR penalties and fines. The GDPR (General Data Protection Regulation) states a maximum fine of Twenty Million Euros or 4% of global turnover - whichever is greater.
PDPA - Malaysia
Personal Data Protection Act (PDPA) penalty for breaching the personal data protection principles set out under the PDPA is the imposition of a fine not exceeding RM 300,000 and/ or imprisonment not exceeding two years.
PDPA - Singapore
On the 15th January 2019, the Straits Times reported: Singapore's privacy watchdog has meted out its largest fine of $750,000 to Integrated Health Information Systems (IHiS) for lapses in securing patient data which resulted in the nation's worst data breach. SingHealth was fined $250,000, the second largest.