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KUALA LUMPUR : Malaysia faces the possibility of incurring economic losses of US $ 12.2 billion (US $ 1 = RM 4.04), or 4% of its gross domestic product (GDP) US $ 296 billion. According to a study by Microsoft and the American consulting firm Frost & Sullivan, a large organization in the country could suffer losses of US $ 22.8 million, or 630 times more than the average business
. Said Saipan Agarwal, vice president of marketing for Frost & Sullivan Asia Pacific at a press conference held today.
He explained that the loss was calculated on a model based on macroeconomic data and ideas shared by the respondents.
Losses could be in the form of direct financial losses while indirect losses could result from a loss of reputation "Although the direct losses due to cyber security breaches are the most visible, this is not the case. is the tip of the iceberg, "he said.
Dzaharudin Mansur, chief technology officer at Microsoft Malaysia, said cybersecurity incidents would compromise the ability of organizations to seize future opportunities in the digital age.
"The world of the digital economy is changing very rapidly. The threats are real and become more dangerous every day.
"Those who depend on Internet connectivity, such as smart cities, autonomous vehicles and the energy industry, could be affected if appropriate measures were not taken" Link the weakest that could cause a cybernetic threat in an environment was the humans themselves, notes Dzaharudin.
"We receive emails all the time asking us to click on a link to get something for free – money, for example, half of us clicks on it in the first hour, this which opened the door to hackers to infiltrate our system, thus causing a bigger problem. "
Meanwhile, CyberSecurity Malaysia CEO Datuk Amirudin Abdul Wahab said that as the country prepares for in the digital age, the risks would increase.
"The wider the Internet connectivity and scanning, the easier it is for everyone to be targeted – and find ways to reduce risk," he said. – Bernama
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