Malaysian companies will spend heavily on information security

According to a new study, small and medium enterprises in Malaysia in 2008 will spend up to $ 4.6 billion to spend on activities to buy, maintain and upgrade their communication infrastructure. they.

According to analysts of market research firm AMI-Partners Inc, the majority of the above costs will be spent on data security, especially after a series of data theft cases occurred. in the past time in Malaysia.

If this prediction is correct, the above cost will increase by 11% compared to the total cost in 2007. In which, companies in the manufacturing and manufacturing industry will be the leading enterprise group. in upgrading your communication infrastructure.

Daniel Sim, an analyst with AMI-Partners, said: ' More than 90% of small businesses in Malaysia consider strengthening information security a top priority for investment in 2008. Next will be priorities. for data backup and enhanced storage capacity for businesses. We can see the cause of this trend is the inevitable consequence of not paying attention to security in the past that has led to the loss of financial data, even very sensitive data. of many companies in recent times. '

According to the survey that AMI-Partners conducted, some of the executives of small and medium-sized companies in Malaysia also considered the deployment of data backup strategy and speed up Internet connection as one. Their top 3 priorities in 2008 are.

Another thing to mention is that the cost of information security is the fastest growing sector in 2007 for small and medium enterprises in Malaysia.

Some small and medium-sized businesses in Malaysia also set a goal to focus on expanding information storage capabilities, wireless technology, remote hosting and software services (SaaS). They are really serious when implementing the above objectives because it will help the labor force in these companies be more dynamic thereby increasing labor productivity.

AMI-Partners defines small businesses as enterprises with less than 100 employees, while medium enterprises have between 100 and 1000 employees.