Singapore-based cybersecurity firm Group-IB has Malaysian government-owned agencyCyberSecurity Malaysia to establish a framework to fortify Malaysia’s cyber resilience, and safeguard its national interests and critical IT infrastructure.
Group-IB said in a statement on Wednesday that the duo have inked memorandum of understanding (MOU) for the partnership.
The multifaceted framework encompasses a spectrum of critical initiatives, including robust information sharing on cyber threat intelligence and incident reports, technical support in vulnerability assessments and digital forensics, capacity building through training on cyber security awareness and incident response, and emergency coordination protocols for swift response to cyber incidents.
Additionally, the alliance will focus on advocacy to raise awareness about cyber security best practices among businesses and the public, while also offering critical commercial cyber security services to Small-and-Medium Enterprises (SMEs) in Malaysia.
The collaboration further extends to providing access to GROUP-IB’s Digital Crime Resistance Centers (DCRCs) for rapid analysis and mitigation of regional threats, enhancing intelligence exchange, and conducting joint operations against cybercrime in Malaysia.
“We are honoured to join forces with CyberSecurity Malaysia at a crucial juncture of Malaysia’s transformation towards a fully digital economy,
“Our partnership highlights our mutual dedication to combating cyber threats and bolstering Malaysia’s cybersecurity resilience, and Group-IB’s steadfast commitment to fighting cybercrime and strengthening cybersecurity for the businesses and citizens of Malaysia,” said Dmitry Volkov, Chief Executive Officer of Group-IB.
Meanwhile, CyberSecurity Malaysia Chief Executive Officer Haji Amirudin bin Abdul Wahab FASc said with this MoU between CyberSecurity Malaysia and Group-IB, they are united in the common goal of fortifying Malaysia’s cyber refences, and this will be achieved through enhanced information sharing, technical support, and specialized training, while also focusing on swift emergency response.
According to him, their joint efforts will leverage their collective expertise to improve cybersecurity measures and ensure adherence to Malaysian laws, with a strong emphasis on confidentiality and data protection.
“Most importantly through the ‘InsureGuard’ Initiative, we can offer specialized cyber protection for small and medium enterprises (SMEs), government agencies, and large enterprises,
“By offering tailored solutions and comprehensive risk assessments, InsureGuard is set to significantly bolster Malaysia’s cybersecurity resilience and shield a diverse range of organizations from evolving cyber threats,” he added.
Established in 2003, Group-IB is a creator of cybersecurity technologies to investigate, prevent, and fight digital crime globally.
Headquartered in Singapore, and with Digital Crime Resistance Centers in the Middle East and Africa, Europe, Central Asia, and the Asia-Pacific, the firm analyses and neutralizes regional and country-specific cyber threats via its unified risk platform, offering unparalleled defense through its industry-leading threat intelligence, fraud protection, digital risk protection, managed extended detection and response (XDR), business email protection, and external attack surface management solutions, catering to government, retail, healthcare, gaming, financial sectors, and beyond.
The firm collaborates with international law enforcement agencies like INTERPOL, EUROPOL, and AFRIPOL to fortify cybersecurity worldwide.
CyberSecurity Malaysia is Malaysia’s national cybersecurity specialist and technical agency under the purview of the Ministry of Digital Malaysia.
The firm committed to provide a broad range of cybersecurity innovation-led services, programs and initiatives to help reduce the vulnerability of digital systems, and at the same time strengthen Malaysia’s self-reliance in cyberspace.
Among specialized cybersecurity services provided are cyber security responsive services; cyber security proactive services; outreach and capacity building; strategic study and engagement, and industry and research development.