Cybersecurity Malaysia, MX Global sign MoU
By Digital News Asia September 19, 2022
- To collaborate on R&D, solutions development on cybersecurity, crypto
- To establish a framework for cooperation for cryptocurrencies, digital assets
CyberSecurity Malaysia and MX Global Sdn Bhd have signed a memorandum of understanding (MoU) to collaborate on enhancing the technology of cryptocurrencies and Digital Asset Exchanges (DAXes), as well as spreading awareness among Malaysian investors.
In a joint statement, both parties said the collaboration further demonstrates the continuous growth and development of the digital assets industry.
This, coupled with strong and resilient cyber security measures and framework will bolster investor confidence in the cryptocurrency and digital assets market in Malaysia, they added.
CyberSecurity Malaysia and MX Global said they share the same view that it is necessary to establish and strengthen cooperative efforts relating to cyber security, cryptocurrencies and DAXes in Malaysia.
The overall objective of this MoU is to establish a general framework for cooperation in the areas of the technology behind cryptocurrencies/Digital Assets and DAXes.
This includes collaboration in research and development, joint solution development activities and conducting training and awareness programs related to cyber security, cryptocurrencies, and DAXes in Malaysia.
Amirudin Abdul Wahab FASc, chief executive officer (CEO) of CyberSecurity Malaysia said, “Even our money is digitalised as most of us spend using credit cards, bank transfers, electronic wallets, and now digital transfer via cryptocurrencies.”
“Thus, the MoU between MX Global Sdn Bhd and CyberSecurity Malaysia is timely to establish and promote collaboration in cryptocurrencies and digital asset exchanges as well as increased awareness among Malaysians on cyber risk assurance, cyber risk assessment and managing cyber risk threats; to facilitate cyber resiliency of digital asset exchanges as well as safeguard Malaysian stakeholders,” said Amirudin.
Fadzli Shah Anuar, CEO of MX Global Sdn Bhd, said cryptocurrencies are a hot topic in this day and age, but users must be vigilant on multiple fronts including safeguarding their own security when dealing with cryptocurrencies.
“To this end, we are honoured to be able to draw from CyberSecurity Malaysia’s extensive experience in cybersecurity, to take what they have learnt in the general digital space and translate that into what we hope would be best practices in the digital assets space,” he said.
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