Cyber security comes to fore in partnership between KPMG and UniMY
Petaling Jaya, 18 May 2017 – KPMG and University Malaysia of Computer Science & Engineering (UniMy) have decided to join forces to drive Malaysia’s capacity building in the cyber security field. This partnership was made official with a Memorandum of Understanding (MoU) signed at KPMG Tower today.
With the increasing frequency of cyber-attacks happening worldwide, the most recent incident being the WannaCry ransomware outbreak that affected almost 300,000 computers in about 150 countries, cyber security has risen to the fore of business leaders’ minds today.
Through this MoU, KPMG and UniMy will collaborate to enable industrial training and internship placement of their undergraduates, mentorship of student projects, facilitate research and development, and encourage participation of UniMy students in the KPMG Cyber Security Challenge.
KPMG will also take a strategic position on UniMy’s Industrial Advisory Panel to share practical input on the university’s academic programme development, in particular its BSc in Cybersecurity degree programme.
Commenting on the timeliness of this MoU, Dani Michaux, Head of Cyber Security at KPMG in Malaysia, said: “UniMy has set themselves apart as a university devoted to produce specially trained and market-ready computing professionals. We’re very pleased to work with UniMy to groom more cyber security professionals, to meet the growing demands from the industry for such talents.”
Michaux, who is also the Global Lead of Industrial Internet of Things (IIoT) Security Services for KPMG International, shared that 48 percent of CEOs surveyed globally agree that skill-gaps will emerge in the next three years.
In that same survey, only 32 percent of CEOs in Asia Pacific say their companies are fully prepared on the cyber front – compared to 87% in the US.
“Many companies and even governments are starting to realise that cyber security is no longer just a ‘tech’ issue, but is a matter that sits firmly on the laps of a company’s highest decision makers. Cyber risk, if unmitigated, becomes an operational and a regulatory issue very fast. A breach can seriously undermine consumer confidence and damage brand reputation,” cautioned Michaux.
KPMG in Malaysia has been investing in its cyber security unit since 2010, boosting its Information Protection and Business Resilience services to help businesses effectively manage and protect their most valuable data across a broad spectrum of evolving threats and scenarios.
The company became the first in Malaysia to set up a Cyber and Digital Hub, which was launched by the Finance Minister II Datuk Seri Johari Abdul Ghani in March 2017. The hub in Malaysia is KPMG’s first such global facility, providing an interactive environment that showcases cyber security threats and trends, how they affect critical information technology infrastructure, and how organizations can protect their assets and manage cyber security risks.
Further information about KPMG’s cyber security innovations are available at www.kpmg.com.my/cybersecurity
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KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 174,000 people working in member firms around the world. KPMG first established a presence in Malaysia in 1928. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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