2022 GLOBAL DIGITAL TRUST INSIGHTS (MALAYSIA REPORT) PART 2

​Security-First Leadership

​According to a global survey, CEOs in the "most improved" group for cybersecurity outcomes are 14 times more likely to provide significant support across all categories compared to other CEOs.

Non-CEOs in the most improved group are also 12 times more likely to report that their CEOs provide significant support. This indicates that there has been progress in closing the expectation gap between global CEOs and others in the C-suite regarding CEO involvement and cybersecurity support. Furthermore, 46% of the survey respondents reported an increase in interactions with their CEO regarding cyber matters over the past two years.

Malaysian organizations aim to create a digitally secure society in the next decade, with a focus on developing a diverse cybersecurity workforce. The workforce's ability to efficiently manage cybersecurity is crucial for an organization's ability to tackle cyber threats. While leadership sets the tone, equipping the workforce with the necessary tools and skills is essential for securing an organization's digital posture.

Malaysian organizations prioritize holding signatory nations accountable for responsible behavior in cyberspace, based on international agreements such as the Budapest Convention on Cybercrime, to create a more secure digital society. Although state-sponsored threat actors exist, the increasing risk comes from individuals who use automation or third-party threat services. As technology empowers individuals, the growth of these threat actors highlights the need for international collaboration to deter cyber threats and establish a secure digital society.

Policy Developments in Malaysia
Malaysian respondents agree that to achieve a secure digital society, cybersecurity awareness and knowledge should be integrated into education.

Survey results suggest that: 

• Malaysians prioritize addressing cyber risks through national policies. The Malaysia Digital Economy Blueprint includes a thrust factor called "build agile and competent digital talent," which aims to integrate digital skills into education. Initiatives such as cybersecurity and data science upskilling programs will be promoted to enhance digital proficiency among the general population.

• Malaysian organizations emphasize the significance of national policies in addressing cyber risks, rather than solely relying on individual organizations or industries. They advocate for international collaboration to collectively deter cyber threats and establish a secure digital society.

Being cyber-ready: Improvements in incident response times and confidence of leaders key to Malaysian respondents
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Malaysian respondents prioritize improving incident response times over preventing successful attacks in the next three years, which suggests a reactive approach to incidents. The second priority for Malaysian respondents is to increase leaders' confidence in managing present and future threats, by demonstrating the payoff of cybersecurity investments. In contrast, global organizations are benefiting from past cybersecurity investments, which increases leadership confidence in investing in managing present and future threats.

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