6 hot Southeast Asian cybersecurity startups for the CISO watchlist

As the ASEAN region grows as a centre for security threats, so do young providers offering new approaches to secure digital systems and assets.

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From massive data breaches to DoS attacks and online fraud, cybersecurity is a major area of concern for governments and organisations in Southeast Asia.

According to a report by AT Kearney, Southeast Asian countries are being used as launchpads for cyberattacks. They have become “vulnerable hotbeds of unsecured infrastructure where numerous computers can be infected easily for large-scale attacks or as hubs for a single point of attack to gain access to the hubs’ global connections”, the report said. Malaysia, Indonesia, and Vietnam are global hotspots for major blocked suspicious web activities—up to 3 .5 times the standard ratio, the report said.

Such activities help explain why Southeast Asia’s cybersecurity spend is forecasted to grow at 15% annually from 2015 to 2025. Singapore, Malaysia, and Indonesia are likely to drive a significant portion of this growth, accounting for 75% of the market by 2025., AT Kearney said.

In this context, the rise of cybersecurity startups in the region is worth paying attention to in multiple domains, including risk and compliance, data security, cloud security, and identity and access management. In Southeast Asia, most security startups are concentrated in Singapore and Vietnam. Singapore, which is arguably a leader in the fintech space as well, has more than 100 startups in cybersecurity, according to the Innovation Cybersecurity Ecosystem at Block71 (ICE71)’s Singapore Cybersecurity Community Map.

With cybersecurity being so critical for the region, CSO ASEAN has found the six hottest cybersecurity startups in Southeast Asia. Although most of these startups are five or fewer years old, they are achieving traction, raising funds, and garnering support from organisations and partners.

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