BAE to make Malaysia hub for security solutions [Business Times (Malaysia)]
(Business Times (Malaysia) Via Acquire Media NewsEdge) KUALA LUMPUR: BRITISH global defence, aerospace and security company BAE Systems is bullish on its plan to make Malaysia its global delivery hub for the group's security solutions business by 2015.
BAE Systems Detica managing director Martin Sutherland said the facility, to be set up here, will serve as the engineering centre for the company's cyber security solutions products.
Sutherland said besides engineering cyber security products for global markets, the centre will also serve customers in the Southeast Asian region, including Malaysia.
"We see our business doing very well in the global security market and we are expecting double-digit growth globally. We see the facility here as a key part of our global and regional strategy," he said recently.
To kick off the initiative, Sutherland said the company has recruited some 100 employees, 99 per cent of whom are locals.
The wokforce will be bumped up to 300 by next year.
"We plan to employ 30 skilled information-technology graduates from local universities via our graduate recruitment programme," Sutherland said, adding that the facility will become a global resource centre for the group.
Stable workforce in the country, coupled with right skills and talent, are one of the main reasons BAE has chosen Malaysia.
"Stable workforce is important to us. We looked at skills, talent and capabilities across a number of countries and think the right kind are based here.
"Malaysia has the right kind of education system and good universities. We believe local employees are very loyal, which is important for us in terms of cost and turnover," he added.
Having been in the country for over 40 years, although mainly in the aerospace and defence sectors, BAE has always enjoyed good relationship with the Malaysian government.
This, Sutherland said, has made Malaysia a successful investment for the company.
"We want to work in harmony with the government and be a part of the economic transformation in the country by developing skills and talent here. That's the whole point of having the global delivery centre here," he noted.
Sutherland said cyber security has become a serious concern not only for business players but also governments the world over.
This is because cyber attacks have reportedly cost between US$70 billion and US$400 billion (RM230.3 billion and RM1.32 trillion) to the US$70 trillion per year global economy.
In Malaysia, CyberSecurity Malay-sia (CSM) reported that the cost of known cybercrime has reached more than RM1 billion in the first six months of the year, compared with RM1.1 billion last year.
CSM's statistics show that the number of cyber attacks in the county is rising at an alarming rate with more than 8,500 incidents reported this year to date.
There were fewer than 10,000 incidents reported last year.
"There are a number of very high-profile cyber attacks against businesses and governments and that's costing the world economy hundreds of billions a year," Sutherland said.
In August last year, the Saudi Arabian national oil and natural gas company was struck by a self-replicating virus that infected as many as 30,000 of its computers. It took the company almost two weeks to recover from the damage.
It didn't disrupt the company's oil production. If it had, the economic impact could have been enormous, added Sutherland.
Offering complete cyber security solutions, BAE provides full protection for corporate systems, banks and financial institutions to prevent fraud and money laundering, with its main clients being governments and companies in major industries.
Headquartered in the United Kingdom, BAE is one of the biggest cyber security solutions providers in the United States, Canada, Australia and Europe.
In Malaysia, the company is the number one anti-money laundering provider, catering to five out of six major banks in the country.
It is also currently working with two major telcos in the country and various government agencies.
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