Innovation Is Empowering Taiwan’s Cyber Security Capabilities

Innovative cyber
security technologies are aiming new market opportunities in Asia

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Innovative
cyber security technologies powering the industry to achieve technological
advancement and successful commercialization inside and outside of Taiwan:

• Taiwan’s technological advantages
  successfully groom its cyber security industry, achieving a value of US$1.26
  billion in 2017
• Well-established vendors with more than 15 years of proven industry experience
  expand their geographical footprint, seizing new growth opportunities in
  overseas market
• Innovation-driven approaches give
  rises to increasing number of cyber security startups, unearth new ideas to
  tackle evolving challenges

 

SINGAPORE - Media OutReach - 21 November 2018 - The
rapid growing Asia Pacific cyber security market has so far been dominated by
globally established players from the US and Israel. Taiwan, a country
well-known for its strong foothold in the global semiconductor and hardware
manufacturing sector has demonstrated its strength in delivering cutting edge
innovation and cultivating its home-grown cyber security industry.

In the Global Competitiveness Report 2018 published by
the World Economic Forum (WEF) recently, Taiwan is ranked fourth globally in
terms of innovation capability, recognizing the strength of the country’s
R&D capabilities. These technological advantages continue to increase the
value of Taiwan’s cyber security industry, achieving US$1.26 billion in 2017
according to Industrial
Technology Research Institute (ITRI), and provide a fertile environment
for future growth.

Meet up with Taiwan’s cyber security key
vendors and startups

 “Taiwan’s key strength of creating proprietary
technology along with strong R&D capabilities has granted the country a
competitive edge to capture growing cyber security’s demand in the Asia-Pacific
region,” said Vivien Pua, Research Analyst, Cyber Security, Frost & Sullivan.

“The
prioritization of technological innovation abilities and competence helps to
keep pace with evolving cyber security needs, provides
a significant economic opportunity for the cyber security industry,” she
added.

Taiwan’s
growing cyber security industry comprises of both well-established vendors and
innovative startups. The longstanding vendors have extensive experiences in
supporting leading large enterprises in the domestic market, and have
demonstrated capabilities to support large-scale businesses. Security solutions
from vendors like BOX Solutions, Cellopoint, CHANGING, CHT Security,
GOTrust,
Jrsys
and Trustview
are widely adopted by the government, financial and manufacturing sectors in
Taiwan. Some vendors like FineArt
and Openfind,
for example,  have taken the additional
step of expanding their business footprint further afield to mature neighboring
markets like Japan for more than 15 years.

Taiwan’s
government is also making efforts to groom Taiwan’s cyber security industry, with
an increasing number of R&D-intensive start-ups emerging. Some of these start-ups
like ARCRAN,
Authentrend,
Datiphy, ECO-LUXURY,
PIXIS
and XCome are
focused on tackling cyber security threats around the Internet of Things (IoT),
traditional authentication methods, managing the growing BYOD trend and helping
manage the increasing risk associated with critical business data assets.

Taiwan’s Success Showcases

The following customer stories showcase how Taiwanese vendors
successfully create value to their key customers:

• Datiphy: Cost-effective and scalable
  solution tackles insider threats to protect digital assets

Financial institution leverages on Datiphy‘s
platform to address internal threats coming from privileged users or
compromised accounts. Independent auditing without merely relying on IT team
provides continuous compliance and database activities monitoring; effectively
manages possible data security issues associated with the key digital assets.

• Openfind: Simple-to-use interface and rich
  management functions drive improved efficiencies to secure email system

Openfind’s
mail solutions empower the government to centrally manage multiple departments’
mail systems as part of its data center consolidation project. The mail solutions provide greater ease-to-manage and
stable performance, not only able to fulfil the government’s current needs, but
also provide future-proof flexibility in the upcoming cloud adoption
journey. 

• FineArt: Comprehensive security policy control results in improved
  ability to protect confidential information

iMQ
Technology Inc., a leading microcontroller (MCU) fabless design house recognizes the needs to mitigate and thwart the
insider threat from potential intellectual property (IP) breaches. By enforcing
flexible access controls and conducting regular system audits under a
user-friendly management tool, FineArt‘s X-FORT
data loss prevention solution could respond to various internal security
threats and effectively prevent data leak.

Given Taiwan’s unique
strengths and technological advantages over its Asia Pacific counterparts, the
cyber security industry could potentially harness the significant economic
opportunity arising from the growing demand for cyber security, not only at the
national level but also at the regional level.

For more information
about Taiwan’s cyber security solutions, please check the online
catalogue.