Cybersecurity and digital economy in Malaysia: Trusted law for customer and enterprise protection

Abstract

Cybersecurity is one of the recent areas of concern for national and global security in the 21st century. It is a required segment of security at individual, enterprise, national and international level both at public and private sector. The current economy in emerging economies is shifting towards digital activities and Malaysia is one of these economies. For a digital economy to flourish, there is a need for a secured cyberspace which is the essence of cybersecurity. This work examined the impact of a secured cyberspace or the role of cybersecurity in promoting digital economy in Malaysia through a trusted law for customers and enterprise. The issue of concern is the risk of vulnerability in cyberspace which means there is an existence of threats to cybersecurity. The work used a qualitative method of data collection and analysis. Data were collected from both primary and secondary sources and were analysed using content analysis where thematic analytical interpretations was used. The paper discovered that, the cybersecurity in Malaysia is less vulnerable and is satisfactory but still there exist threats and vulnerabilities which can affect digital trust and digital business. Therefore, it is recommended that the laws on digital trust and cybersecurity should be consolidated and public awareness should be intensified to minimise the risk and to prepare for future unforeseen.