"According  to  CyberSecurity  Malaysia,  the  cyber  security  industry  in  Malaysia  has  the  potential  to grow to RM8.8 billion by 2020."

Secura  moves into  Malaysia’s security services market with  new joint venture

SINGAPORE,  14  September  2016  –  Secura  Group  Limited  (新保安集团有限公司)  (“Secura”  or  the “Company”  and  together  with  its  subsidiaries,  the  “Group”),  one  of  the  leading  providers  of security  products,  services  and  solutions  in  Singapore,  today  announced  that  it  has  entered  into  a joint  venture  agreement  with  Willowglen  MSC  Berhad  (“Willowglen”)  to  set  up  a  joint  venture company known as Secura Malaysia Sdn Bhd (“Secura Malaysia”).  

Secura  and  Willowglen  will  each  hold  50%  of  the  issued  share  capital  of  Secura  Malaysia,  which will  be  providing  cyber  security,  homeland  security,  security  consultancy,  security  systems integration and other security products and services in Malaysia.

Willowglen,  listed  on  Bursa  Malaysia,  pioneered  the  research  and  development  of  integrated supervisory  control  and  data  acquisition  (“SCADA”),  security  &  information  technology  (“IT”) solutions  in  Malaysia.  SCADA  system  is  a  remote  monitoring  and  control  system  used  at  the  core of  various  industries  such  as  water  and  power  utilities,  oil  and  gas  production  and  distribution, buildings and facilities, security, transport, telecommunication and IT.  

Mr.  Paul  Lim  (林春伟),  Chief  Executive  Officer  of  Secura  said,  “We  are  very  excited  to  partner Willowglen,  a  leading  industry  player  in  the  SCADA,  security  and  IT  market  in  Malaysia  with  30 years  of  experience.  Willowglen’s  technologies  and  products  complement  our  core  businesses  and will  further  enhance  our  capabilities  in  cyber  security,  homeland  security  and  integrated  security solutions.  This  strategic  collaboration  will  also  enable  us  to  expand  our  presence  in  the  security market  in  Malaysia,  particularly  in  the  cyber  security  space  where  we  see  tremendous  growth potential.”  

According  to  CyberSecurity  Malaysia, the  cyber  security  industry  in  Malaysia  has  the  potential  to  grow to RM8.8 billion by 2020. 

Source: Secura Group Limited

Highlight

Malaysia's Auditor General says 'growing need for cybersecurity risks to be addressed'

KUALA LUMPUR (Oct 10): Malaysia's Auditor General Tan Sri Ambrin Buang said the Government was "racing to catch up" with new digital regulations, as the public and private sectors contend with cybersecurity and data-breach risks.

Ambrin said this would lead to new and emerging laws on tax, privacy and data handling.

"There are new regulatory requirements that the Government is racing to catch up [with], leading to new and emerging laws on tax, privacy and data handling.

"There is also a growing need for cybersecurity risks to be addressed. Breach of data is something that businesses should [be] very worried about,” he said at The Institute of Internal Auditors 2016 National Conference here today.

Ambrin said a crucial challenge for the Government was technology implementation. This was despite explicit development of infrastructure and services to encourage IT usage in the public sector.
 
“The public sector in the last decade has embarked on the technology era, with explicit development of infrastructure and services to support and shape how technology helps create value for the Government. However, along the way, the public sector has been faced with many challenges. Foremost is the implementation of technology.

“Internal auditors in both public and private sectors hold an important role to review the strategic IT operating model. They are in the position [of] proposing changes to rules, processes and behaviours, in line with the rapid speed [of change] of new technologies,” he said.

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