BUSINESS entities have undergone a radical shift as they head towards a digital ecosystem due to the Covid-19 pandemic.
There has been a 63 per cent increase in ransomware assaults in 2019 and 2021, according to the SonicWall Cyber Security Firm Report 2021, while the FBI Internet Crime Report documented a total of 2,500 ransomware complaints.
Entrepreneurs, particularly small and medium-sized enterprises (SMEs), are being urged to prioritise cyber security to secure their digital assets as a result of an increase in crime and ransomware attacks to keep pace with the world's quickly evolving digital economy.
Protecting personal data from cyber attacks is critical, especially since some business owners still rely on antiquated security measures or unlicensed software.
Celcom Axiata Berhad (Celcom) is exploring collaborations with various technology partners and platform providers, including Telefónica Tech, one of Malaysia's recognised cyber security experts, to deliver the best security solutions.
This initiative will bolster Celcom's ability to provide a comprehensive range of world-class cyber security services to various Malaysian businesses and organisations.
DIGITAL SECURITY
Digital Risk Protection (DRP) and Vulnerability Risk Management (VRM) are the first two products offered by Celcom.
DRP can identify risks and dangers related to digital assets.
In a nutshell, it is a comprehensive method that keeps tabs on data sources and looks for dangers to an organisation's digital footprint.
VRM, on the other hand, is a service that aims to discover weaknesses in the organisation's IT infrastructure and analyses customers' assets,
Celcom can assist firms in empowering their online businesses by supporting several new digital risk management capabilities.
Aside from consultations, preventative measures will be focused on early detection and response to minimise cyber attacks.
DEFENSE MECHANISMS
This service from Celcom protects entrepreneurs from any cyber danger in a simple and convenient manner.
Businesses can make use of this service by signing up for a demo session.
Celcom hopes that this approach will help keep an eye on and protect entrepreneurs by focusing on three key areas: technology, people, and processes.
DRP includes well-thought-out strategies that focus on essential data sources that can be filtered and scanned.
Preventative and comprehensive monitoring and detection are also included in the scope of the service.
Security Control Violations, Data Disclosure and Digital Identity Monitoring are just a few of the modular threat intelligence capabilities available.
Depending on the company's current situation and long-term objectives, entrepreneurs can select DRP services to maximise process efficiency and protection potential.
DRP services are also variable depending on internet capacity.
DIFFERENCES: DIGITAL RISK PROTECTION & VULNERABILITY RISK MANAGEMENT
The main difference between VRM and DPR is that the former monitors and defends a company's digital footprint against threats aimed at the firm, while the latter keeps tabs on the company's brand, reputation and other aspects of its digital footprint.
Meanwhile, VRM can assist consumers in coping with the risks associated with a high number of vulnerabilities while still reaping long-term advantages.
Celcom's expert analysts also specialise in digital hazards covering a wide range of risks, including technological or known risks, operational and competitive risks, as well as new or unknown threats, allowing them to advise a company with customisable plans.
As a result of this procedure, the company and its clients' safety and security will be improved at all levels of operation, both internally and externally.
Celcom's cyber threat protection for Malaysia's important sectors is a good effort on the company's part in security solutions in line with the Fourth Industrial Revolution (IR4.0).
Visit this link to learn more about Celcom's cyber security solutions.
This article originally appeared on Berita Harian, with rights to be republished on New Straits Times.