Deloitte opens cybersecurity centre in Malaysia

• Part of Deloitte SEA’s security network which offers 24/7 protection
• CyberSOC also offers cyberwar gaming, an advanced preparedness technique

DELOITTE Malaysia recently launched its Cyber Security Operations Centre (CyberSOC), which will provide advanced security event monitoring, threat analytics, cyberthreat management as well as incident response for businesses in the region.
 
The security centre will work with Deloitte member firms around the world to provide round-the-clock protection across all time zones, the company said in a statement.
 
In addition to bolstering cybersecurity, the CyberSOC also offers cyberwar gaming, an advanced preparedness technique that simulate a potential cyber-attack, allowing organisations to evaluate their cyber-incident response preparedness and identify incident response capability gaps.
 
“With cyberthreats increasing in number of attacks as well as sophistication, businesses have to now prepare for intangible threats from cyberspace,” said Dr Janson Yap (pic above), Deloitte Asia Pacific’s Enterprise Risk Services leader.
 
“The traditional notion of physical damage to one’s business is not the only hazard to keep an eye on. Hackers can now target intangible assets such as intellectual property that could lead to loss of competitive advantage,” he added.

Cyberthreats can come from individuals or state-sponsored attacks, Deloitte said in its statement.
 
One of the most high-profile attacks in 2014 was the hacking of Sony Pictures’ networks over the movie The Interview. The attack revealed sensitive information and ultimately halted the movie’s release in theatres.

“Cyber-attacks are asymmetrical risks where a small, highly skilled group of individuals can cause disproportionate damage to an organisation,” said Cheryl Khor (pic), Enterprise Risk Services leader for Deloitte Malaysia.
 
“The Sony incident is indicative of the kind of reputational and financial risks that companies can be exposed to.
 
“As more Malaysian businesses evolve into adopting e-commerce platforms, we are confident that Deloitte’s CyberSOC is well positioned to address and mitigate any cyberthreat that may pervade digital businesses,” she added.

The Malaysian division of Deloitte’s CyberSOC will be part of its network of South-East Asia’ centres, headquartered in Singapore.

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