Kaspersky's data on cyber attacks in Southeast Asia in 2022. (Photo: headtopics.com)

Kuala Lumpur (VNA) – Finance and healthcare arethe top two sectors experiencing cyber attacks in Malaysia this year despite growing resilience and awareness among financial institutions, said KasperskySoutheast Asia general manager Yeo Siang Tiong.

Speaking at Kaspersky Cyber Security Weekends 2023 held in Bali,Indonesia, Yeo said that the same trend was also observed in other ASEANcountries this year.

 He explained that the financial sector is where the money iswhile the government and healthcare sectors contain a lot of data, includingpersonal data which have a lot of value for which cyber atta🐬ckers can gain benefit.

Although facingthe most attacks, the Malaysia’s financialsector has seen some improvement in cyber resilience after Bank Negarainstructed banks to follow the risk management in technology framework.

In addressing the rising threat and risk of cyber attacksfrom the government perspective, Yeo said there was a need for the governmentto address the issue from the regulation and policy standpoints.

He said Kaspersky is working very closely and having collaboration with the National Cyber Security Agency (NACSA) and CybersecurityMalaysia (CSM) from the government side for sharing information with them.Then, the agencies will get early signals from Kaspersky if the cyber security firm see a cyber attacks is happening.

The Malaysian government is looking at the possibilities ofmaking some changes to the two agencies involved in cybersecurity.

Yeo said that said organisations need to learn and do theirdue diligence by exercising a fair share process to protect their ownenvironment and from the consumers’ perspective, awareness is the mosteffective way.

With the digital economy growing♊ rapidly across the ASEANregion at an expected growth rate of 20% year-on-year, more data will be usedby the industry and it requires more protection on its information technology(IT) and operational technolo♎gy (OT).

Kaspersky announced that the company detects an average of400,000 new malicious attacks on a daily basis and has been responding to thedetection by using the latest technology.

Kaspersky highlighted that AI has emerged as a powerful toolin the field of cybersecurity and beyond with the arrival of ChatGPT inNovember 2022 triggering debates and conversations on AI.

It showed the tangible effects of this neural networktechnologꦫy and revealed AI’s potential to disrupt industries globally./.