"We have a suspicion in government... Some corporate managements are relatively unaware of the need to ensure the cyber security. They do not yet understand what kind of damage can be caused to their business and commercial earnings...," he said at a summit on cyber security.
He also asked the private sector to actively participate and cooperate with the government in developing cyber security standards.
He said the threats have mutated and now come in the form of small but highly dangerous malware. "Small malware which is slim, little bandwidth being used... It has high velocity and high spread. It does not register on your profile but still has high effect...," he said.
He maintained through the Joint Working Group, the government was looking forward to participation from the private sector on developing cyber security standards.