Page 63 - KWAP_Integrated-Report_2023
P. 63

ENRICHING PERFORMANCE AND COMMITMENTS  ENRICHING ACCOUNTABILITY AND INTEGRITY  ENRICHING RESILIENCE AND SUSTAINABLE GROWTH  OTHER INFORMATION









          As we advance our technological capabilities, we   during the year. Our commitment to cyber security
          recognise the critical importance of establishing robust   excellence is also testified by our continuous attainment
          governance frameworks. During the year, we have   of  the  ISMS  ISO/IEC  27001:2013  certification,  the
          established  KWAP Cloud  governance  Framework and   world’s best-known standard for information security
          Policy as well as started the work on implementing data   management systems (ISMS).
          governance framework. These frameworks outlined best
          practices for cloud adaptation and data management   Our commitment to technological advancement extends
          within the organisation.                          beyond cyber security to include enhancements in our
                                                            technology platforms. We believe that investments in
          With these frameworks in place, we are now able to adapt   the functionality of technology platforms can greatly
          cloud-based technologies more effectively. Leveraging   enhance our value creation capabilities. During the year,
          cloud-based  infrastructure offers  us  a significant   we have also upgraded audio and video devices in our
          advantage over traditional on-premises systems,   meeting rooms to bolster conferencing effectiveness and
          particularly in terms of scalability and efficiency in handling   provided RAM upgrades for employee laptops, enhancing
          financial data securely. Cloud computing also grants us   multitasking capabilities. Moreover, we have implemented
          unparalleled accessibility to resources and applications,   31 internal and five collaborated system enhancements
          fostering flexibility within the operations.      and upgraded our data centre storage to accommodate
                                                            our growing business needs.
          In today’s digitally driven  world, cyber  security  risks
          remain at the forefront of our concerns. To address these   Digitising our processes has also been a priority, unlocking
          challenges, we have introduced the KWAP Cyber Security   significant efficiencies and enabling better value creation.
          Plan,  which  comprise  of a suite of cyber  security tools   Through the deployment of three additional Robotic
          designed to fortify our digital environment and mitigate   Process Automations (RPAs), we have streamlined daily
          potential threats. This includes the deployment of cyber   operations and improved productivity across various
          security maturity enhancements, as well as implemented   functions.
          Network Security Automated Response and Cyber
          Security Incident Retainer, alongside the upgrading of   In conclusion, our journey towards digital transformation
          Endpoint Detection and Response during the year.  at KWAP has been marked by significant milestones
                                                            and achievements over the past year. Through the
          Furthermore, to enhance cyber security awareness   establishment of robust governance frameworks,
          amongst our workforce, we have conducted extensive   implementation of advanced cyber security measures,
          training sessions, achieving a participation rate of 95.3%.   and continuous enhancement of technology platforms,
          This investment in education has yielded tangible results,   we have fortified our organisation’s digital infrastructure
          evidenced by the notable decrease in susceptibility to   and positioned ourselves for future success. We remain
          phishing attacks. Our average susceptibility to phishing   unwavering in our dedication to driving efficiency, fostering
          attacks or phish-prone percentage has improved to 2.2%,   innovation and delivering value to our stakeholders.
          which is a commendable improvement from the 7.8% in   With a digital-savvy culture firmly ingrained within our
          the previous year and a significant improvement compared   organisation, we are confident that we will be able to
          to  15.6%  at  the  start  of  2021.  We  are  also  pleased  to   better support nation building by delivering sustainable
          share that there were no reported cases of substantiated   benefits to our stakeholders.
          complaints received concerning data privacy breaches









                                                                                                         61
   58   59   60   61   62   63   64   65   66   67   68