ABA Bank, a subsidiary of the National Bank of Canada, is Cambodia’s largest commercial bank. It has the most substantial assets, deposits, loans and profitability based on the National Bank of Cambodia’s 2021 annual supervision report.

LGMS is one of Southeast Asia’s leading cybersecurity groups, with a presence spanning 127 offices in 63 countries and 26 offices across 15 Asia-Pacific nations.

LGMS COO Gilbert Chu said in a statement today that the attainment of the PCI DSS certification underscored ABA Bank’s commitment to ensuring the highest security standards for online transactions and customer data protection.

The certification, he said, placed ABA Bank within an elite group of global financial institutions which are committed to safeguarding cardholder information.

Chu said as cyber threats continued to grow in scale and sophistication, robust cybersecurity measures were crucial in maintaining trust and confidence in digital transactions.

Regarding plans for an expansion into neighbouring countries such as Singapore and Vietnam, Chu said that market trends and demand will ultimately determine LGMS’ future growth strategy.

“As more organisations prioritise corporate security and shift towards cloud computing, the demand for specialised cybersecurity services – including vulnerability management, incident response, digital forensics and cybersecurity consulting – has continued to surge,” he said.

In April this year, Mitsui & Co Ltd, one of Japan’s most diversified conglomerates, became a substantial shareholder of LGMS with a 25% equity interest.

Chu said following LGMS’ strategic partnership with Mitsui, the company has embarked on an aggressive expansion drive in Southeast Asia to meet the region’s ever-growing demand for cybersecurity services.

As at 2.57pm, LGMS’ share price was up 1 sen or 0.93% at RM1.09, giving it a market capitalisation of RM497.04 million.