LGMS Solidifies Position As Gold Standard In Cybersecurity
Unlike many cybersecurity firms that bundle software or hardware sales with services, LGMS remains impartial by providing advisory and testing services without reselling third-party products. Its core offerings span cybersecurity assessments, penetration testing, risk management, compliance, and incident response.
StarSentry: Boosting SME Cyber Defence
In 2024, LGMS introduced StarSentry , a plug-and-play cybersecurity tool specifically developed for SMEs. After two years of in-house research and development, the tool enables smaller businesses to perform automated security checks without needing on-site consultants. The bundled service includes unlimited scans, consulting support, and software licensing — a model that reduces dependency on manpower while maintaining service quality.
Since its launch, StarSentry has led to a 20% increase in SME inquiries and was recognised as the 'Cybersecurity Product Innovation of the Year' at the 2024 Malaysia Cybersecurity Awards.
Mitsui Partnership Fuels Global Expansion
LGMS's global ambitions received a major boost in April 2023 when Japan's Mitsui & Co. Ltd acquired a 25% stake in the company. This partnership has expanded LGMS's footprint to international markets including Japan, Singapore, Vietnam, and New Zealand. Overseas revenue now accounts for 22.3% of total revenue as of 1Q25, up from 16% in FY24.
This expansion is key to diversifying geographical risk and strengthening the company's global competitiveness, particularly in a market increasingly focused on cybersecurity resilience.
Riding the Wave of Rising Cyber Threats
With Malaysia recording an average of 74,000 cyberattacks per day in 2023 and a total of RM1.22 billion in losses due to cybercrime, demand for LGMS's services has surged. Cyber threats like phishing, ransomware, and zero-day exploits continue to grow in tandem with Malaysia's rising internet penetration — projected to hit 36.8 million users by 2029.
According to market research firm MarkNtel, the country's cybersecurity market is set to grow from USD1.05 billion in 2023 to USD2.17 billion by 2030, driven by e-commerce expansion and increasing digitisation across sectors.
Solid Industry Credentials and Compliance Strength
LGMS holds a slew of prestigious international certifications, including ISO/IEC 27001, CREST, TÜV TRUST IT, and critical Payment Card Industry (PCI) credentials such as PCI QSA and PCI 3DS Assessor. The company is also an authorised training provider for PECB and Mile2, further solidifying its standing as a trusted service provider.
This compliance pedigree has helped LGMS win contracts with Malaysia's 11 Critical National Information Infrastructure (CNII) sectors, where demand rose by 30% in 2024 alone.
Balancing Growth with Operational Expansion
Despite posting a 12% YoY increase in revenue to RM9.6 million in 1Q25, LGMS saw a 20.9% drop in net profit to RM1.9 million, primarily due to increased employee costs from workforce expansion. However, this strategic investment in talent is expected to boost long-term service delivery and scalability.
With strong fundamentals, international backing, and innovation-led offerings like StarSentry, LGMS is positioning itself as a key cybersecurity player ready to ride the wave of digital transformation — both in Malaysia and globally. Related
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