Cyberattacks have now become a constant threat for businesses everywhere incurring cost and causing reputational issues, on top of other economic conditions that organisations have to contend with.
Despite the inevitability and increasing frequency of these attacks, most businesses have yet to adequately safeguard their infrastructure and systems, with today’s more sophisticated hackers finding new ways to attack businesses of all sizes.
International Data Corporation (IDC) has reported that in 2021, Southeast Asian organisations spent a whopping US$3.2 billion on cybersecurity services, software and appliances.
Closer to home, the Malaysia Cyber Security Strategy 2020-2024 report states that the country may face economic losses of up to RM51 billion due to cyber threats. A study in VMware’s “The State of Incident Response 2021” report also found that 49% of organisations lack the expertise and tools for adequate incident response.
According toTs. Dr. Saiyid Abdallah Syahir Al-Edrus, General Manager, Cybersecurity Services, TM One, “A proactive strategy is when businesses wholly employ a good cybersecurity framework including leveraging new technologies and trends to keep their systems secure. Utilising artificial intelligence (AI) in cybersecurity and automation to bring benefits to their overall operations.”
AI has revolutionised the world by leaps and bounds, with AI in cybersecurity making it much faster to trace potential attacks, reduce the delay in response time and ultimately save man hours. Technology enables cybersecurity solution providers and analysts to analyse similar attack patterns and provide the necessary responses if there is a behaviour change.
Emerging cybersecurity technology will now help to facilitate organisations become more proactive. This includes the utilisation of security information and event management through technologies such as Extended Detection and Response (XDR), Security Orchestration, Automation and Response (SOAR) and Next Gen Security Operations Centre (SOC).
This ensures that enterprises and the government sector are able to implement and maintain a proactive cybersecurity strategy, leveraging the skills and capabilities of dedicated specialised talents and reducing the impact to their own over-stretched IT teams.
TM One works closely with its customers by thoroughly assessing their security posture, technology maturity and business needs through its consulting and other value-added services. The firm has positioned itself apart from its competitors through Managed Security Services (MSS) as its core solution offering.
TM One also recently received the prestigious Frost & Sullivan Best Practices 2022 Cybersecurity Company of the Year award.
Their credibility is seen in the development of its products and solutions offered for the cybersecurity scene. According to TM One, most Malaysian organisations lack in-house security expertise, professionals and tools. This leads to them importing or outsourcing their security operations to ensure the security posture of business infrastructure and manage their cyber risks.
To address this issue, TM One provides a wide spectrum of cybersecurity solutions, helping organisations improve their security posture and business infrastructure as well as better manage their cyber risks via TM One’s Cyber Defense Centre (CYDEC).
CYDEC’s extensive and comprehensive cybersecurity portfolio includes MSS, encompassing managed unified threat management, managed SOC, managed detection and response, cyber threat intelligence, managed anti-DDoS, managed web application firewall, vulnerability management, capture-the-flag service, cyber deception service, digital risk protection and many more.
TM One’s cybersecurity consulting services also include, and are not limited to, security assessment and posture, vulnerability assessment and penetration testing, cybersecurity design and implementation, compromised assessment and digital attack simulation.
Fuelled by TM’s SOC and centralised cybersecurity platform, TM One’s CYDEC incorporates advanced technologies like predictive analytics and machine learning to help customers address evolving cyberattacks on-premises and on the cloud. As an added advantage, this extensive cybersecurity portfolio allows TM One to curate and customise solutions based on customers' needs across various business sizes.
TM One has continuously proven that the right solution alongside robust technology will augment organisations in safeguarding systems, especially within the current complexities of today’s digital landscape. Prioritising cybersecurity skills as one of the most important areas to be addressed, TM One is committed to addressing the industry’s current challenges and support businesses navigate the digital space with greater confidence.
To find out how TM One can help you achieve world class cybersecurity, visit Cybersecurity Services and Solutions — TM One CYDEC
This article was first published in CEO Morning Brief - The Edge Markets