Cyber Security Solutions

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Cyber Security Solutions
Cyber Security Solutions
Focusing On 'Security-By-Design' And 'Security Response' For SMEs
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology and Communications
Technology
Business Model Description

Invest in businesses that adopt B2B and B2G business models where they design solely Software as a Service (Saas) based cybersecurity and response solutions such as firewall breach detection for governments, MNCs and SMEs. These players include Managed Service Providers and System Integrators and are principally involved in the design, provision and management of cybersecurity solutions. Examples of companies active in this space are:

Securemetric Bhd specializes in the provision of Access and Identification Security. They are also engaged in the deployment of Application Security, Security Devices and Trust Centre Solutions. Raised USD 4 million via Initial Public Offering (IPO) in 2018 (44)

Condition Zebra is a Cybersecurity firm focusing on cyber risk management, managed security services and protection & recovery. Their Managed Detection and REsponse (MDR) solution utilises real-time data to detect, investigate and respond to cyber security threats. They have an estimated revenue of USD 6.8M. (28)

Akati Sekurity is a cybersecurity firm specialised in cyber defence operations. It offers Manages Security Services, Consulting, and Cyber Incident Response among other services. Akati Sekurity's revenue varies between USD 5 - USD 25m. (29)

Expected Impact

Enhance companies' cyber resilience, support continuous economic growth by increasing productivity, and enable the development of a secure digital economy.

How is this information gathered?
Updated: 18 Jun, 2023
Malaysia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Reduced Inequalities (SDG 10) Sustainable Cities and Communities (SDG 11)

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Sector Sources
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IOA Sources
  • 31) Bursa Malaysia. Independent Market Research Report on IT Infrastructure by Providence Research Malaysia: https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry61bd773839fba2184c8ed74e/61dd43db39fba25797d9ed75/files/8._Section_8_-_IMR.pdf?1655456769. 32) NST. 2023. Budget 2023: Thumbs up for focus on cybersecurity. https://www.nst.com.my/news/nation/2023/02/883323/budget-2023-thumbs-focus-cybersecurity. 33) ITU. 2020. 2020 Global Cybersecurity Index. https://www.itu.int/dms_pub/itu-d/opb/str/D-STR-GCI.01-2021-PDF-E.pdf. 34) Techwire Asia. 2023. Siemens Energy picks Malaysia for its first APAC cybersecurity operation center. https://techwireasia.com/2023/02/siemens-picks-malaysia-for-its-first-apac-cybersecurity-operation-center/. 35) PWC. 2022. Global Digital Trust Insights (Malaysia report). https://www.pwc.com/my/en/assets/publications/2022/pwc-2022-global-digital-trust-insights-malaysia-report.pdf. 36) Techwire Asia. 2022. Malaysian cybersecurity technologies outdated. https://techwireasia.com/2022/02/malaysian-cybersecurity-technologies-outdated/. 37) Cisco. My Location, My Device: Hybrid work’s new cybersecurity challenge. https://www.cisco.com/c/dam/global/en_my/assets/pdfs/cisco-cybersecurity-index.pdf. 38) Stakeholder Consultation on March 21, 2023 39) Stakeholder Consultation on March 21, 2023 40) Stakeholder Consultation on March 23, 2023 41) Stakeholder Consultation on March 24, 2023 42) New Straits Times. 2023. Fahmi: Malaysia Cyber Security Commission proposal to be tabled in Parliament in June. https://www.malaymail.com/news/malaysia/2023/02/19/fahmi-malaysia-cyber-security-commission-proposal-to-be-tabled-in-parliament-in-june/55677 43) Bank Pembangunan Malaysia. 2021. Industry Digitalisation Transformation Scheme (IDTS). https://www.bpmb.com.my/industry-digitalisation-transformation-scheme 44) The Edge Malaysia. 2018. Securemetric's IPO public tranche oversubscribed by 20.26 times. https://www.theedgemarkets.com/article/securemetrics-ipo-public-tranche-oversubscribed-2026-times "45) SMECorp Malaysia. 2020. Cybersecurity plays a crucial role in Malaysian SMEs’ road to recovery. https://www.smecorp.gov.my/index.php/my/news/4317-cybersecurity-plays-a-crucial-role-in-malaysian-smes-road-to-recovery" "46) Economic Times. 2022. An analysis of cybersecurity in Malaysia. https://ciosea.economictimes.indiatimes.com/news/security/an-analysis-of-cybersecurity-in-malaysia/92301366?redirect=1" 49) Government of Malaysia. 2012. Law of Malaysia, Act 747, Security Offences (Special Measures) Act 2012. https://www.vertic.org/media/National%20Legislation/Malaysia/MY_Security_Offences_Act_2012.pdf. 50) National Security Council, Prime Minister's Department. 2020. Malaysia Cyber Security Strategy 2020-2024. https://asset.mkn.gov.my/web/wp-content/uploads/sites/3/2019/08/MalaysiaCyberSecurityStrategy2020-2024Compressed.pdf. 51) UN Department of Economic and Social Affairs. 2022. SDG Indicators Database. https://unstats.un.org/sdgs/dataportal/database. 52) Ministry of Communication and Digital. Protecting SME From Cyber Attacks. https://www.kkd.gov.my/en/public/news/19611-protecting-sme-from-cyber-attacks. 53) MDEC. Securing the Nation's Digital Ecosystem. https://mdec.my/digital-economy-initiatives/for-the-industry/entrepreneurs/cybersecurity. 54) SMECorp. 2021. Cybersecurity plays a crucial role in Malaysian SMEs’ road to recovery. https://www.smecorp.gov.my/index.php/en/resources/2015-12-21-10-55-22/news/4317-cybersecurity-plays-a-crucial-role-in-malaysian-smes-road-to-recovery. 55) Prime Minister’s Department of Economy, Economic Planning Unit. 2021. Twelfth Malaysia Plan 2021-2025, A Prosperous, Inclusive, Sustainable Malaysia. https://rmke12.epu.gov.my/en. 56) World Bank. Data. https://data.worldbank.org/indicator/NV.MNF.TECH.ZS.UN. 57) DOSM. 2023. National Accounts, Gross Domestic Product (GDP). https://open.dosm.gov.my/gdp. 58) Government of Malaysia. 2016. Law of Malaysia, Act 776, National Security Council Act 2016. https://asset.mkn.gov.my/web/wp-content/uploads/sites/3/2019/08/Akta-MKN-2016-BI.pdf. 59) Government of Malaysia. 2010. Law of Malaysia, Act 709, Personal Data Protection Act 2010. https://www.pdp.gov.my/jpdpv2/laws-of-malaysia-pdpa/personal-data-protection-act-2010/?lang=en. 60) MDEC. Matrix FAQ. https://mdec.my/wp-content/uploads/MATRIX-FAQ-v2-English.pdf. 61) Digital Signature Act 1997. Act 562. https://www.mcmc.gov.my/en/sectors/digital-signature/digital-signature-act-1997 62) Government of Malaysia. Industry4WRD Policy. 2018. https://www.miti.gov.my/index.php/pages/view/4832 63) Government of Malaysia. Economic & Fiscal Outlook and Federal Government Revenue Estimates 2023. 2023. https://budget.mof.gov.my/pdf/belanjawan2023/ekonomi-fiskal/EUFORE2023_270223.pdf 28) Zoominfo. 2023. Condition Zebra. https://www.zoominfo.com/c/condition-zebra/359030074 29) Signal Hire. 2023. Akati Sekurity Overview. https://www.signalhire.com/companies/akati-consulting