KUALA LUMPUR (June 22): Systech Bhd ( Financial Dashboard)'s wholly-owned unit SysArmy Sdn Bhd is set to push aggressively into the Malaysian enterprise market with its slew of cyber security solutions that will focus on "Pre-Event" measures.
In a statement today, SysArmy chief executive officer Hon Fun Ping said that for the longest time, Malaysian enterprises - especially financial institutions - had been prioritising on the "less critical" aspects of IT security.
The current IT Security spending scenario in Malaysia, which also reflects most of the regional market, is that the lion's share of spending on IT security are on post-event review logs (of data trails) to meet Bank Negara's compliance and reporting.
"By the time the IT log audit results are out and presented to the board of directors for review, the damage is already done," said Hon.
He said that while this (post-event monitoring and reporting) remained important, the wiser and longer-term approach was to invest in pre-event/preventive IT security measures that are addressed by actionable (network) penetration tests and consultation.
"Research shows that every dollar spent in pre-event or preventive (IT Security) measures translates to up to five times in spending for remedial efforts, or in damages.
"SysArmy's vision is to push Malaysia's state of IT security to the next level of more a holistic and smarter approach in protecting enterprise networks and systems," he said.
Hon added that in line with the focus on "Preventive" IT security solutions and services, more and more Security Operation Center (SOCs) are being established by technology companies to accept outsourced IT security projects, or set up by enterprises and government-linked companies themselves to manage the business' IT security aspects.
Hon said SysArmy's SOC is a service that currently caters to a range of FSI and large commercial enterprises; and integrates the technologies of up to eleven (11) leading principal IT Security technological brands and accumulates findings from various R&D "intelligence in the wild” reports generated from security hubs across the world into its SOC's cyber security tools.
"SysArmy is a Managed CyberSecurity Service Provider and we are brand agnostic in our approach. Hence we are in a very good position to give unbiased expert view of what solutions would be most suited to cater to the budgets and requirements of our clients,” says Hon.
Hon added that SysArmy targets to contribute at least 30% of Systech's topline revenue by the financial year ending March 31, 2016.