KUALA LUMPUR: VSTECS Bhd believes a significant market exists for the recently unveiled StarSentry solution, which LGMS Bhd developed and spearheaded through its wholly-owned subsidiary Applied Securities Intelligence Sdn Bhd (ASI).
VSTECS chief executive officer JH Soong said that with more than 1.1 million small and medium enterprises (SMEs) in Malaysia forming the backbone of the economy, there is a significant market for StarSentry.
“This solution aligns closely with the Malaysian government’s priorities to enhance national cybersecurity, particularly in light of the recently passed National Cyber Security Bill, which is anticipated to drive further demand for cybersecurity solutions in Malaysia,” JH Soong said.
He said VSTECS is committed to providing SMEs with the information, communication and technology (ICT) tools needed to stay competitive, and StarSentry perfectly complements the company’s extensive portfolio.
“Leveraging our extensive network of 3,600 channel partners, we are poised to accelerate the distribution of StarSentry, empowering SMEs to safeguard their digital assets effectively,” he said in a statement.
A groundbreaking solution offering cyber risk insurance to every subscriber has been unveiled, marking a significant step in Malaysia’s cybersecurity landscape.
Digital Minister Gobind Singh Deo launched the initiative at a high-profile event.
Key figures from the National Cyber Security Agency Malaysia (NACSA), Cyber Security Malaysia (CSM), and Malaysia Digital Economy Corporation (MDEC) attended the event.
The innovative insurance solution, StarSentry, results from a strategic partnership between ASI and Tokio Marine Insurans (Malaysia) Bhd, which underwrites cyber insurance for its subscribers.
The launch event was also graced by the presence of Katsuhiko Takahashi, the Ambassador of Japan to Malaysia.
StarSentry is equipped with advanced vulnerability scanning and proactive threat detection features designed to empower SMEs to enhance their cybersecurity measures and comply with regulatory requirements.
The solution aligns with the recently announced National Cyber Security Bill 2024.
“By safeguarding critical national information infrastructure (CNII) sectors such as government, banking, transportation, and digital industries, StarSentry plays a crucial role in bolstering Malaysia’s overall cybersecurity resilience, as mandated by the bill,” said JH Yong.
Earlier, Gobind highlighted the spirit of innovation and cooperation that led to the creation of StarSentry.
He described it as a solution that meets the high standards set by the National Cyber Security Bill and embodies Malaysia’s proactive approach to cybersecurity.
“StarSentry was specifically developed to cater to the needs of SMEs, which are essential to our economy but often find themselves most vulnerable to cyber threats.
“This solution represents a significant advancement in making modern cybersecurity accessible to all sectors, enabling our businesses to thrive without the burden of cyber risks,” Gobind said.
“I am pleased that this innovative ‘plug and play’ system allows SMEs to integrate advanced cybersecurity measures into their daily operations effortlessly.
“With features like advanced vulnerability scanning and proactive threat detection, StarSentry empowers SMEs to not only comply with regulatory requirements but also to enhance their cybersecurity posture proactively,” he added.
This comprehensive cybersecurity solution signifies a major advancement in Malaysia’s efforts to protect its digital economy and critical infrastructure from ever-evolving cyber threats.
