Page 11 - 20v•Cyber Security Strategy 2020-2024

Malaysia Cyber Security Strategy 2020-2024 11

It is crucial to acknowledge that also to support the government
the security of cyberspace is agenda in the digital economy,
paramount, now more than ever. Industry 4.0 and the adoption
In the past, we have seen how of other disruptive technologies
the infrastructure of nations and for Malaysia’s advancement.
businesses were brought down with This Strategy will replace the
significant financial implications. existing NCSP as it is developed
NATIONAL CYBER This is not a far-fetched scenario for to be more inclusive and
comprehensive
covering
DRILL EXERCISE Malaysia, especially if we refer to protection of CNII, businesses,
the results of a study conducted by
industries and also citizen. This
Microsoft in collaboration with Frost document includes specific
& Sullivan on Understanding the Pillars to define key areas of our
X-Maya is a National Cyber Crisis Exercise, a large scale cyber-attack Cybersecurity Threat Landscape concern as well as the necessary
simulation on Critical National Information Infrastructure in Asia Pacific : Securing the strategies for each of them. Each
Modern Enterprise in a Digital strategy will in turn comprise
World published in July 2018. The of a number of action plans
Objectives study revealed that the potential and measurement mechanisms
economic loss in Malaysia due that will be implemented within
• To exercise the workability, identify the gaps and further
improve the National Cyber Security Response, 2008 2009 to cyber security incidents could the effective period of this
• To raise awareness of the national security impact 10 28 hit up to RM51 billion, which is document. Regardless of those
Communication & Coordination Procedure
more than 4% of the total Gross
mechanisms we need to, we have
associated with a significant cyber incident amongst all Agencies Agencies Domestic Product. to realistically remind ourselves
participants 2010 2011 As the foundations of our economy that none of these strategies
will be effective in combating
• To familiarise the participants with cyber incident 34 66 become increasingly rooted in cyber security issues without the
handling experience digital technologies, Malaysia will cooperation from all stakeholders.
Agencies Agencies
• To test the capability of CNII agencies/organisations in model and promote standards
dealing with significant cyber incidents and workability 2013 2017 that protect our economic security Cyber threats are persistent
of internal incident handling procedure within CNII and reinforce the vitality of the and there will always be the
agencies /organisations 96 100
nation as a viable marketplace risk of targeted cyberattacks of
• To familiarise communications between CNII agencies Agencies Agencies and source of innovation. This massive scale and consequences.
/organisations with their respective Sector Leads when will include, among others, the Such threats can never truly be
cyber incidents occur initiatives to promote local industry eradicated as long as everything
in emerging technologies and 5G. stays connected. Yet, they can
be mitigated. For this to happen,
The Malaysia Cyber Security everyone will have to play
Strategy (MCSS) has been their role and work together to
designed with tools to provide enhance Malaysia’s overall cyber
trust in our cyber environment security readiness, capacity and
not only for national security, but capabilities.