Furthermore, the number of Malaysian firms reporting a decrease in security breaches (15 percent), right above Korea, Indonesia, Australia and Hong Kong shows promising results in IT security improvement.
Overall, the survey shows that 82 percent of the firms in the Malaysia are guarding against IT security breaches by implementing strong, step-up authentication, followed by increasing investment in security to avoid breaches (73 percent), and changed their security practices to focus more on high-risk areas such as privileged identities and their access (64 percent).
“IT security is a business enabler and it is an essential component for companies and corporations in today’s application economy. It drives value and streams new revenue, it is more than just a form of control,” said Nick Lim, vice president, ASEAN and Greater China, CA Technologies. “Firms in Malaysia understand and recognize the potential and this is paying off in the improvements in their KPIs. As consumers continue to have higher expectations of how their information is handled, information security remains a foundation pillar in meeting those expectations and is key to successful digital transformation.”
About the Research/Coleman Parkes
Conducted by Coleman Parkes, the study included 1,770 senior business and IT executives, including more than 100 CSOs and CISOs, from large enterprises across 21 countries and 10 industry sectors. A total of 799 respondents were from APJ; this covered Australia, China, Hong Kong, India, Japan, Korea, Indonesia, Malaysia, Singapore and Thailand.
The study and data analysis was done from May – September 2016. Coleman Parkes Research Ltd, formed in 2000, provides action-focused marketing research on a global scale. The company offers a full research and consultancy service across all markets, while specializing in business-to-business research with a focus on IT, technology and communications research. For more information, please visit www.coleman-parkes.co.uk.