Govt reassures data protection on digital economy expansion, says Gobind

‘With the dynamic nature of technology, the govt must constantly study ways to strengthen its current security measures’

by NUR HAZIQAH A MALEK/ pic by TMR File

THE government will strengthen the security of digital economy as the nation embraces Industrial Revolution 4.0 (IR4.0).

Communications and Multimedia Minister Gobind Singh Deo (picture) said with the dynamic nature of technology, the government must constantly study ways to strengthen its current security measures.

“I think we are ready and capable of dealing with security.

“Of course, one of the main focus areas is data protection and one thing that most people are concerned about is privacy,” he told reporters at the Macrokiosk Townhall Session in Kuala Lumpur yesterday.

He added that the government is still evaluating the pilot project for 5G implementation in the country.

“We are looking into all issues and concerns regarding security.

“We are studying all recent security cases which occurred within the region to further strengthen security of the ecosystem,” he said.

Also present was Malaysia Digital Economy Corp (MDEC) CEO Surina Shukri who said the growth of digital economy and cyber security will have to be proportionate to each other, adding that everyone should be well-educated on security maintenance.

“Security is everyone’s responsibility, not just one party. We have to ensure that our nation is well-equipped on security and safety,” she said.

Earlier this month, countries in the region including Thailand, the Philippines and Singapore have reaffirmed their commitment towards knowledge-sharing regarding the cyber space.

These countries also planned to introduce a Digital Masterplan in 2025, which will see the formation of an Asean open-data network and digital data-governance framework.

Meanwhile, speaking on local digital technology company Macro Kiosk Bhd, Gobind said there should be more of such companies.

“Malaysia aspires to compete and succeed in this new world by ensuring ‘Kemakmuran Bersama’ (Shared Prosperity), which is to provide sustainable development while ensuring economic prosperity for all Malaysians.

“This new economic landscape of IR4.0 will be driven by technology and most importantly, innovation.

“In order to have Kemakmuran Bersama in this new landscape, we need more companies like Macro Kiosk in Malaysia to drive innovation while providing interesting job opportunities for our youth,” he said.

He added that the region is very competitive regarding digital technology and local companies like Macro Kiosk will be asked to relocate.

“As we move towards making Malaysia a leader in the digital economy, the government is committed to further enhance the ecosystem for Malaysian-owned companies in order to help them transform into multinational corporations, while maintaining their base in Malaysia,” he said.

One of the key programmes under MDEC is to assist technology companies, including the Global Acceleration and Innovation Network (Gain) initiative.

Under the initiative, local companies with outstanding potential to become global icons are recognised by MDEC. “There are around 150 companies under this programme, which are now fast becoming regional market leaders in big data; Internet of Things; drones; e-commerce; cyber security and payments; to name a few,” he said, adding that there will be further improvements to the programme.

“Gain will continue to expand its market access to establish business support ecosystems in new countries like Australia, Taiwan, Japan and the Middle East.

“On top of that, it is committed to organising more mentoring and coaching workshops for its member companies so they can raise investment capital and prepare for initial public offering listings, by connecting them to global investors and exposing them to global media,” he said.

The minister’s visit to the Macro Kiosk’s founding office The Space was in conjunction with the company’s 19th anniversary celebration.

The company posted its highest recorded revenue last year at RM255 million, which also saw a 25% year-on-year growth.