KPMG demonstrates real-time threat monitoring capability with new Cyber and Digital Hub

KPMG demonstrates real-time threat monitoring

This article first appeared on The Star

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Michaux (left) explaining how cyber threats are displayed in real-time on the dashboard. Looking on is Finance Minister II Datuk Seri Johari Abdul Ghani (green tie).

KPMG, one of the big four audit firms in the world, launched its Cyber and Digital Hub in Malaysia to better showcase its cybersecurity threat management services.

While there are already many well-established cybersecurity firms in the world, KPMG cybersecurity lead for Asia Pacific Dani Michaux says the firm has something different to offer –  risk assessment and management consultancy.

“KPMG believes that the art of cybersecurity is about managing risk, not eliminating it,” said KPMG managing partner Datuk Johan Idris.Johan said that each company has its own set of challenges and needs, and the risk management has to be based on the company’s strategy, operations and critical assets.

He says the security team will first study a client’s organization and infrastructure before identifying the right tools.

Without the right tools companies could find themselves under attack, preventing them from entering new markets, launching products and interacting with their customers. It also offers many other services, including forensic analysis, incident and impact assessment, and reverse engineering of malicious digital artefacts (undesired or unintended alteration in data).

The firm has been offering cybersecurity services in Malaysia for the past eight years, mainly focusing on industries such as financial services, telecommunications and energy sectors. It currently has 50 people on its cybersecurity team and is expecting to grow it to about 70 by year-end.

Moving forward, Michaux believes that the utilities sector will be an interesting area to watch as cyber threats globally are now targeting mission critical systems where downtime often causes huge financial losses.

© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

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