KUALA LUMPUR: LGMS Bhd has bagged the Cyber Security Product Innovation of the Year award during the Malaysia Cybersecurity Awards 2023 held with the recent Cyber Digital Services Defence & Security Asia (CyberDSA) 2023.
The award was in recognition of the LGMS StarSentry cybersecurity solution, which enables small and medium-sized enterprises (SMEs) to secure their operations securely.
"The LGMS StarSentry was the result of extensive cybersecurity research and development (R&D) and was developed for its user-friendliness to enable SME owners with smart and efficient network security with unmatched ease of use," said LGMS executive chairman Fong Choong Fook after receiving the award on behalf of the company.
"It offers effortless installation as a company plug-and-play device that connects to users' networks and automatically analyses all linked devices for vulnerabilities," he added.
Organised as a collaborative venture among CyberSecurity Malaysia, the Malaysian Armed Forces' Defence Cyber Electromagnetic Division, and Aerospace Exhibitions, this year's CyberDSA was launched by Communications and Digital Minister Fahmi Fadzil.
LGMS has also made StarSentry accessible for all SMEs through its customised subscription options and a low entry barrier to improve the overall cybersecurity posture of SMEs across Malaysia.
Other features and capabilities include remote management by LGMS, if needed, with automation for system updates, pot scans of hosts, and internal self-protection.
Users can access an easy-to-use web portal to view results and potential vulnerabilities.
"The StarSentry solution is expected to contribute positively to LGMS' bottom line as it will also serve as a recurring source of income for the company," said Fong.
At the CyberDSA, Fahmi also announced that the Malaysian Cybersecurity Bill is expected to be tabled in Parliament by year-end or early next year.
The bill is currently being drafted by the National Cyber Security Agency (NACSA) under the National Security Council (MKN).
"The ministry is actively collaborating with the cybersecurity community to explore quantum-safe cryptographic solutions for strengthening the nation's digital resilience," said Fahmi, adding that the cyber threat landscape is evolving and could potentially impact individuals, businesses and nations.
Fong commended the government's escalated focus on cybersecurity amidst an increasingly digitised society and mounting cyber threats.
"With the digital economy anticipated to contribute approximately 25.5 per cent to Malaysia's gross domestic product (GDP) by 2025, a parallel focus on enhancing cybersecurity resources is not just appropriate but essential," said Fong.
Fong also emphasised the necessity for diverse stakeholder collaboration, urging the inclusion of other government agencies, private sector companies, academia and civil society.
He also advocated engaging with international cybersecurity organisations and standard-setting bodies to align Malaysia's efforts with global best practices.
LGMS holds multiple industry credentials today, including being the only PCI-accredited ASV and QSA in Malaysia.
The company also has partnerships with top cloud providers and has won international and local awards, including being recognised last year as the ''Tech Excellence Award for Cybersecurity'' by ASOCIO and Malaysia's ''Cybersecurity Company of the Year'' by CyberSecurity Malaysia.