| | DECEMBER 20234 Malaysia's business realm has long savored its favorable geographical location, abundant natural resources, and skilled workforce. Today, the country is taking the next step with its eagerness to embrace opportunities in the rapidly evolving digital space. Combining the former and the latter, Malaysia is swiftly turning itself into a regional powerhouse. According to reports, the digital economy is one of the fastest-growing sectors in Malaysia, the recipient of an impressive $15.7 billion of investment in the third quarter of 2022 alone.This is simultaneously an opportunity and challenge for the Chief Technology Officers (CTOs) in the country. While they owe a lot to technologies becoming more plug-and-play, more driven by the cloud, and simpler to use, the challenges are enormous--ranging from the hybrid work culture, stakeholders expecting more from less, and the market's strong demand for overwhelming experiences. But the increased level of cyber threat is a mountain to climb. The cyber attackers unleashed themselves on this opportunity, and the consequences were catastrophic.According to a report, the Asia-Pacific region faced the maximum number of cyberattacks for the second consecutive year in 2022, accounting for 31 percent of all incidents remediated worldwide. Cybersecurity company Surfshark has ranked Malaysia as the eighth most breached country in Q3 2023, with 494,699 leaked accounts. "The breach rate is 144 percent higher in Q3 2023 than it was in Q2 2023. Around four Malaysian user accounts were leaked every minute in Q3 2023," the company said in a statement. This special issue, wherein CTOs in Malaysia share their experience and knowledge, will be a guiding light for CTOs in the country. Do let us know your thoughts. Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialA Challenging CyberSec Landscape Vol 04 · Issue 4-5 ·DECEMBER, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit RaghubanshiJohn Vadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.DesignerSurbhi Suman Mrigank SharmaGM - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Nalini Brahmanapalli Hima P M Keerthana Kantharaj Roopalatha H P. Tejaswini
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