In a proactive step towards fostering Malaysia’s cyber resilience, Velum Labs Sdn Bhd (Velum Labs) – a subsidiary of Sapura Group – and the National Cyber Security Agency (NACSA) have signed a Memorandum of Understanding (MoU), sealing a new cooperation agreement to collaborate on the sharing of cyber intelligence and implementation models to strategically strengthen, promote and develop national cyber capabilities.
The ceremony, witnessed by Deputy Prime Minister of Malaysia, YAB Dato’ Sri Fadillah Yusof was held in conjunction with the launch of the Cyber Defence & Security Exhibition & Conference 2023 (CYDES).
The signing of this MoU acknowledges the prominence of proven Malaysian capabilities in a critical industry such as cyber security. As such, Velum Labs is truly honoured to be a partner to NACSA and the National Security Council (MKN) in their role as the lead agency to monitor and enforce laws pertaining to cyber security.
The auspicious event today marks significant progress for Velum Labs, following a successful show at the recent Langkawi International Maritime & Aerospace (LIMA) exhibition, where it unveiled and launched V-Dark, a locally developed next-generation cyber intelligence solution, specially designed to combat high-end threats such as Advanced Persistent Threats (APT) groups, organised financial crime syndicates and other adversarial targeting enterprises.
The end goal at Velum Labs is to revolutionise cyber security as a core economic output of Malaysia in this digital age through inward investment of enhanced training and having the best tools to compete with international competitors. Other international joint partnerships with Velum Labs further demonstrate Malaysia is now recognised as a key provider for cyber intelligence with expected significant growth in this area in both ASEAN and international markets.
Recognising the importance of human capital development specifically in a niche sector like cyber security, Velum Labs and Sapura are also the main sponsors for the Capture the Flag cybergames which will be held at CYDES 2023. This national cyber competition will see ten (10) teams of four (4) from ten (10) local universities compete to represent Malaysia at the upcoming CyberSEA games in Bangkok Thailand at the end of this year.
Velum Labs, founded by Tan Sri Shahril Shamsuddin stands as the biggest exhibitor at CYDES 2023, showcasing its home-grown Tier-1 cyber intelligence capabilities built and operated by local cyber analysts, data scientists & software architects. CYDES 2023, organised by MKN, NACSA and Alpine Integrated Solution Sdn Bhd aims to bring together relevant stakeholders to shape Malaysia’s cyber security agenda.
More information about Velum Labs and its cyber intelligence and cyber security solutions are available at www.velumlabs.com
