The Malaysia Cyber Security Awards were created to honor individuals and organizations that have contributed to Malaysia’s cyber security or information security industry. The annual event sees awards conferred to individuals or establishments in recognition of their inventiveness, commitments, service leadership, products, and sound business strategies related to the industry.
The Malaysia Cyber Security Awards ceremony is intended not only to recognize the efforts of information security professionals, homegrown SMEs and global organizations, but also to encourage innovation and spark strategic alliances within the local security and ICT industry; thus, emphasizing the importance and growth of information security in Malaysia’s vibrant ICT landscape.
This year, the CSM- ACE Malaysia Cyber Security Awards was held on 14 December 2021 at Menara Cyber Axis in Cyberjaya. The awards ceremony consists of six categories. Amongst the categories is the Cyber Security Innovation of the Year (Product) category. And the award was won by Novem CS Sdn Bhd for their revolutionary plug-and-play fully automated cyber defense solution for SMEs, the NovemLite.
NovemLite, A Cyber Security Product to Help SMEs
NovemLite – powered by the cutting edge INVISIRON Cyber Defence Technology, which has obtained the internationally recognized Common Criteria Certification – is the latest cyber defence product launched by Novem CS Sdn Bhd, a bespoke cyber security company based in Bangsar, Kuala Lumpur.
The award was presented by the Secretary General of the Ministry of Communications and Multimedia, YBhg. Dato’ Sri Haji Mohammad Mentek, and witnessed by the Chairman of the Board of Directors of CyberSecurity Malaysia and its Chief Executive Officer. The award was received by the Chairman of Novem CS Sdn Bhd, Dato’ Sri Suhaimi Bin Hj. Yacob.
During the award ceremony, Murugason R Thangaratnam, the Chief Executive Officer of Novem CS said that the recognition is an honor for them and a testament to the quality of the product itself. He further explained that Novem CS launched this cyber defense product to address the gaps that exist in the SME sector.
“The SMEs are the backbone of our nation, but they are also the most vulnerable to cyber threats. Thus, we looked at how we can cyber secure organizations that fall within this sector and provide them with a solution that is plug-and-play and fully automated. And most importantly affordable for the average user, considering the fact that many of them may not even have an IT staff, let alone an IT department, but deal with critical data on a daily basis. NovemLite is basically a cyber security department in box,” said Murugason.
He went on to add that “this award spurs us to continue to work even harder and design further solutions with our technology partners towards introducing state-of-the-art cyber defense solutions that are certainly going to be required with the advent of 5G, and the ever-increasing sophisticated cyber-attacks and ransomware incidents.”
The product created by Novem CS is timely as a news excerpt taken from The Sun that is available on the Ministry of Communications and Multimedia Malaysia website stated that new working arrangement in the new norm has contributed to a surge in cyber attacks. Most small and medium enterprises (SME) utilize a “Bring Your Own Device” approach, which significantly exposes valuable data and information to cyber attacks, and various malicious forms of intrusion. SME bear the brunt of these attacks.
The article further reported that according to Deloitte, unseen (previously undocumented) malware or methods employed by hackers and cyber attackers have risen 30% during the pandemic as opposed to 20% pre-pandemic. SME contribute a large percentage to Malaysia’s overall gross domestic product (GDP), 38.9% in 2019, while the digital economy contributed 19.1% in the same period. Thus, it is imperative that the appropriate safeguards are in place.
Cybersecurity adoption for SME and as a whole is no longer an option but a necessity. To put it in numbers:
0 84% of SME in Malaysia have been compromised by cyber threat incidents.
0 76% SME have suffered more than one attack.
As cybersecurity is a domain that is continuously evolving and improving, with new technologies, processes and methods, it will continue to expand the in-flow of investments and accelerate the growth of Malaysia’s cybersecurity ecosystem. And with innovative companies like Novem CS Sdn Bhd, it is hoped that we can continuously improve the cybersecurity landscape in the country and the region.