PENANG, 3 February 2026 – Digital Penang has signed a Memorandum of Understanding (MoU) with HWD Systems Sdn Bhd, with the participation of Tokio Marine Insurans (Malaysia) Berhad, to strengthen cybersecurity awareness and resilience among small and medium enterprises (SMEs) in Penang.
The MoU signing ceremony was witnessed by YAB Chow Kon Yeow, Chief Minister of Penang, underscoring the Penang State Government’s commitment to building a secure, trusted, and inclusive digital economy as digital adoption continues to accelerate across industries.
As SMEs increasingly rely on digital platforms to enhance efficiency and competitiveness, many remain vulnerable to cyber threats due to limited access to practical and affordable cybersecurity solutions. This collaboration aims to address that gap by making cybersecurity more accessible, relevant, and actionable for SMEs, while integrating technology, risk management, and insurance-backed protection.
Through the partnership, HWD Systems’ Cybersure solution will be introduced to SMEs as a comprehensive cyber risk management offering, combining cybersecurity technology, continuous monitoring, incident response support, and insurance coverage. Tokio Marine, as the insurance partner, provides an additional layer of protection by supporting recovery and forensic-related costs in the event of a cyber incident, helping businesses strengthen operational resilience.
Commenting on the initiative, Digital Penang highlighted the importance of embedding cybersecurity as a core component of business readiness. As the strategic partner, Digital Penang will lead awareness and outreach initiatives, including workshops, seminars, and industry engagement programmes across Penang and the northern region, leveraging its network of SMEs, corporates, and digital ecosystem partners.
The collaboration also supports broader environmental, social, and governance (ESG) considerations, particularly for SMEs operating within supply chains or working with larger enterprises, where cybersecurity has become an increasingly important governance requirement.
The MoU reflects a shared commitment by HWD Systems, Digital Penang, and Tokio Marine, with the support of the Penang State Government, to help SMEs strengthen cybersecurity preparedness and build confidence in their digital journey. The partnership will initially run for one year, with joint programmes planned to support SMEs in improving cyber resilience and long-term sustainability.
Click here for more information about Digital Penang
The MoU signing ceremony was witnessed by YAB Chow Kon Yeow, Chief Minister of Penang, underscoring the Penang State Government’s commitment to building a secure, trusted, and inclusive digital economy as digital adoption continues to accelerate across industries.
As SMEs increasingly rely on digital platforms to enhance efficiency and competitiveness, many remain vulnerable to cyber threats due to limited access to practical and affordable cybersecurity solutions. This collaboration aims to address that gap by making cybersecurity more accessible, relevant, and actionable for SMEs, while integrating technology, risk management, and insurance-backed protection.
Through the partnership, HWD Systems’ Cybersure solution will be introduced to SMEs as a comprehensive cyber risk management offering, combining cybersecurity technology, continuous monitoring, incident response support, and insurance coverage. Tokio Marine, as the insurance partner, provides an additional layer of protection by supporting recovery and forensic-related costs in the event of a cyber incident, helping businesses strengthen operational resilience.
Commenting on the initiative, Digital Penang highlighted the importance of embedding cybersecurity as a core component of business readiness. As the strategic partner, Digital Penang will lead awareness and outreach initiatives, including workshops, seminars, and industry engagement programmes across Penang and the northern region, leveraging its network of SMEs, corporates, and digital ecosystem partners.
The collaboration also supports broader environmental, social, and governance (ESG) considerations, particularly for SMEs operating within supply chains or working with larger enterprises, where cybersecurity has become an increasingly important governance requirement.
The MoU reflects a shared commitment by HWD Systems, Digital Penang, and Tokio Marine, with the support of the Penang State Government, to help SMEs strengthen cybersecurity preparedness and build confidence in their digital journey. The partnership will initially run for one year, with joint programmes planned to support SMEs in improving cyber resilience and long-term sustainability.
Click here for more information about Digital Penang