As we live in a pandemic era, work-from-home has become a norm like wearing a mask before stepping out of the house. However, with the work-from-home policy implemented by many organizations in Malaysia and across the world, this policy also brings with it cybersecurity threats. While many Malaysians rejoiced at the idea of working from home, it turns out it isn’t as rosy as we thought it would be,
Like the saying ‘be careful what you wish for’ goes, many Malaysians found out that while working from home has its advantages, it also comes with its own set of issues, amongst others are lack of social interaction, distractions, potential burnout, and exposing an establishment to security risks.
How Cybersecurity Threats Wreck Havoc in Any Company
With more and more employees working from home and using their own devices while accessing information and servers remotely, there is the risk that many businesses are facing unprecedented cybersecurity challenges such as protection of data and issues with cloud computing.
In an article in BusinessToday, Alex Loh, Country Manager at Malaysia for Fortinet explained that while medical experts have predicted that world economies and society may normalize in 2022, the issue of security and online threats continues to persist, at the present moment, as employees are still working from home.
“Based on the Asia/Pacific Future of Trust Study November 2020 report by IDC, 36% of businesses in Malaysia are concerned about cybersecurity threats as employees continue to work from home. Many businesses have successfully adopted remote working technologies such as cloud and VPN technology to facilitate work from home arrangements as well as secure their company network, but some businesses are just starting on their digitization journey in response to the new normal,” said Alex.
In that interview, Alex also said that to respond to the needs of the consumers, many companies have ramped up their digital innovation initiatives, such as online purchase channels, migration of assets and applications to the cloud and the launch of online collaboration tools. However, along with these modernization efforts, cybersecurity threats have also escalated.
“It is important for organizations to create a cyber security strategy to safeguard valuable digital assets and ensure the success of their digital transformation initiatives. Given the challenges associated with accelerated digitization, the three best practices that organisations can follow to secure their digital transformation efforts are prioritizing cloud security, using zero trust access protocols, and extending their security to remote locations”, says Alex.
To enhance the value of security programs, organizations must balance business and technology priorities. Effective security and true business resiliency require ongoing reinforcement from the executive level down to every employee.
Malaysian companies know the importance of cybersecurity but may relegate cybersecurity initiatives to the bottom of priorities due to tight IT budgets.