Trend Micro – Executive Commentary – Malaysia National Budget 2020

Comment by Goh Chee Hoh, Managing Director, Trend Micro Malaysia:

Goh Chee Hoh, Managing Director, Trend Micro Malaysia

Trend Micro applauds the government’s continued focus on driving Malaysia’s digital economy as revealed during the tabling of the National Budget 2020.

We are supportive of the current direction that our country is taking, and the new economic opportunities being realized from initiatives such as the National Fiberization and Connectivity Plan (NFCP). The allocation of RM21.6 billion towards the NFCP and the 5G Ecosystem Development Grant worth RM50 million will significantly enhance Malaysia’s economic competitiveness by bridging the digital gap, as well as improving the adoption of Industry 4.0-related technologies that will further ramp up the productivity of Malaysian businesses.

While digitization will bring increased opportunities for growth, Malaysian businesses should continue to prioritise cybersecurity as a crucial component of this journey. It is only through a complete, multi-layered security approach can businesses protect themselves in today’s increasingly sophisticated threat landscape. With that, we strongly urge businesses to let cybersecurity remain a core component of their digital transformation strategies, in order to reap the full benefits of digitization.

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