LGMS is today one of Malaysia’s leading end-to-end companies with renowned brands courting its expertise. The company has been accredited with multiple international certifications and recognitions, including International Data Corporation (IDC), which recognised LGMS as one of the world’s leading IoT (internet-of-things) key penetration testing vendors in the 2019 IDC report.
That said, the company is set to take the cybersecurity field to the next level by partnering with TÜV TRUST IT of the TÜV AUSTRIA Group, an international testing, inspection and certification (TIC) group with more than 2,000 professionals delivering expert services in more than 20 countries worldwide. The TÜV AUSTRIA Group generates around €220m in annual revenue currently.
Business Circle KL has learnt that LGMS together with TÜV TRUST IT are currently embarking on establishing a joint-venture company called TÜV AUSTRIA Cybersecurity Lab Sdn Bhd which will house a global Cybersecurity Testing and Certification Center of Excellence (CoE) to serve both the domestic and international markets.
“TÜV AUSTRIA Cybersecurity Lab will go a long way in solidifying Malaysia as Asia‘s foremost authority in cybersecurity assessment, testing, and certification,” said LGMS group managing director Fong Choong-Fook (pic above) when contacted.
He explained that TÜV AUSTRIA Cybersecurity Lab would be instrumental in helping organisations identify vulnerabilities within their IT infrastructure before recommending measures to maintain and to constantly improve on their security levels.
“At the same time, our JV will also stimulate the Industry 4.0 Cyber Security Testing & Certifications ecosystem, driving the protection of Critical National Infrastructure (CNI) as encouraged by the Malaysian Government,” Fong further said, adding that that he estimates that up to at least a hundred new highly skilled cybersecurity jobs will be created.
“Local professionals would be identified, trained, and hired to conduct world class cybersecurity testing and certification straight from Malaysia.” Fong said, adding that that the JV would also result in animated knowledge and technology transfer through TÜV AUSTRIA‘s innovation and development arm.
In terms of certification, the TÜV AUSTRIA Group‘s certificates transcends customers’ value propositions as it is coming from an independent and objective testing group.
Fong said that that organisations can profit from the well-known brand TÜV and gain a competitive advantage with the TÜV seal.
Meanwhile, Malaysia Digital Economy Corporation (MDEC) head of cybersecurity Victor Lo (pic) said that Malaysia and the region are fast growing cybersecurity markets.
“The region’s rapid digital adoption would enable Malaysia to champion global cybersecurity certification for various enterprises,” said Lo, a highly respected cybersecurity veteran.
“MDEC’s role here will be to further develop the cybersecurity industry and encourage future foreign investments in this field,” Lo further said, adding that such investments would lead to more high value job creations and further stimulate the export of local cybersecurity expertise with international certification readiness.
LGMS is today a member of MDEC’s Global Acceleration & Innovation Network (GAIN) initiative aimed at expediting the expansion of Malaysian and Malaysia-based technology companies that have the potential to become global players.