LGMS, introduces StarSentry, in-house developed plug and play box to help SMEs fend off cyber threats

LGMS, introduces StarSentry, in-house developed plug and play box to help SMEs fend off cyber threats
  • 2- year&nbsp, R&amp, D work, release comes on feet of&nbsp, regional Security Bill 2024&nbsp,
  • AI&nbsp, bot to get latest feature added&nbsp, to help boost understaffed SMEs deal with threats

(From left) Masaaki Morimoto, Deputy CEO, Tokio Marine; Kazuhide Nakajo, COO, Mitsui & Co. (Asia Pacific); Hiromitsu Narukama, Managing Director, Mitsui & Co. (Malaysia); Takahashi Katsuhiko, Japanese Ambassador; Yong Meng Hong, CEO, Applied Security Intelligence; Gobind Singh Deo, Minister of Digital; Fong Choong Fook, Executive Chairman, LGMS Bhd; JH Soong, CEO, VSTECS Bhd; Syed Ibrahim Syed Noh, Chairman, Malaysia Digital Economy Corporation (MDEC); Gopi Ganesalingam, Head of Digital Exports, MDEC; Dr. Amirudin Abdul Wahab, CEO, CyberSecurity Malaysia.

According to LGMS Bhd, a Malay cybersecurity firm listed on Bursa Malaysia, &nbsp, 84.7 % of SMEs in the country have experienced virtual challenges in 2022. And with the digital business projected to add 25 % to GDP by the year 2025, Gobind Singh, Malaysia’s secretary of digital, has made cybersecurity a top priority. &nbsp,

” As our business continues to move to new online paradigms, the administration’s commitment to securing our modern landscape is more heightened. In this environment, security has evolved from a specific problem to what we name as a basic necessity”, said Gobind&nbsp, on 4th June at the start of StarSentry. &nbsp,

StarSentry is a plug-and-play box developed by LGMS subsidiary Applied Security Intelligence Sdn Bhd ( ASI) after two years of R&D.

The government’s introduction of the Cyber Security Bill 2024, which holds organizations that run National Critical Information Facilities (NCII ) accountable for security vulnerabilities that affect them and their customers, followed the release of StarSentry in April.

The Malaysian Critical National Information Infrastructure is protected by the Cyber Security Bill 2024, which applies to both the country’s economy and company procedures. According to Gobind, the Bill may hold specific company directors accountable if it is discovered that they have neglected cybersecurity and the result of the company being compromised. NCII aims to protect both large and small businesses in order to create a secure online business environment.

LGMS, introduces StarSentry, in-house developed plug and play box to help SMEs fend off cyber threats

Chairman of LGMS Fong Choong Fook ( pic ), who stressed the value of visibility and early detection, also reacted with caution about the dangers of being unaware of cyber risks and how to protect against cyber threats. &nbsp,

Fong noted that the biggest challenge for SMEs was merely identifying where their greatest danger lay, despite the fact that smaller companies may not be able to employ security consultants or protection engineers. Because there are so many options, he said,” they do n’t know where to start when choosing a cybersecurity solution.”

This is the reason StarSentry was created.

” Therefore, StarSentry offers a consumer- friendly, plug- and- play ( place the equipment without any extra construction ) approach at an affordable price, it encompasses a comprehensive answer for SMEs to be aware of cyber threats within their structure through advanced risk scanning and proactive threat detection features, along with cyber risk insurance for eligible subscribers”, Fong said.

Like a” security md,” it conducts risk checks on a weekly basis to inform SMEs ahead of time what kind of virtual threats they may encounter.

An interior server security that acts as a trap for any possible hackers and quarantines them is another interesting feature. Terminal protection is delivered by WithSecure, a Finland based lover of LGMS.

We are even considering using an AI bot to assist SME owners learn more about the reports Star Sentry has produced, Fong said.

A one- year subscription costs US$ 2, 745 ( RM12, 900 ) with 1 to 1 swap warranty during subscription period and software lifetime OTA upgrades and regular updates. LGMS declined to disclose the estimated costs involved in developing StarSentry and the earnings growth.

LGMS via ASI even established partnerships with Tokio Marine Insurans Bhd and VSTECS Astar Sdn Bhd at the celebration. &nbsp, The former underwrites cyber insurance worth ( US$ 6, 384 ) RM30, 000 for StarSentry subscribers while the latter is StarSentry’s exclusive distributor.