Lotte Innovate announces on the 11th that it signs a memorandum of understanding (MOU) with Thales on the 28th of last month. /Courtesy of Lotte InnovateLotte Innovate is teaming up with Thales to expand its artificial intelligence (AI) security business.Lotte Innovate said on the 11th that it signed a memorandum of understanding (MOU) with Thales at its Seoul headquarters on the 28th.The agreement aims to link Imperva’s web security technology, owned by Thales, with Lotte Innovate’s security operations platform. Thales is a global technology company spanning aerospace and defense and the cyber and digital sectors. Based on advanced technologies such as artificial intelligence and cybersecurity, it provides solutions that protect key systems and data for enterprises and government agencies.Imperva is a security company that provides a web application firewall (WAF), API Security, and data protection. Thales acquired it in December 2023.Attendees at the signing included Lee Chang-yun, head of converged security at Lotte Innovate; Ham Deok-hwan, senior managing director and head of sales for Thales CSP Korea; and Jeff Chen, head of engineering for Thales GCK, among others.Under the agreement, Lotte Innovate will pursue: ▲ expanding application security across all Lotte affiliates by linking AI-based web security technology with its security operations platform ▲ advancing its intelligent attack detection and response framework ▲ packaging integrated security services ▲ and establishing joint marketing and business strategies to win new customers.Lotte Innovate operates security monitoring and an advanced persistent threat (APT) response system for the IT infrastructure of Lotte affiliates. It has carried out more than 1,000 security projects to date and, through its in-house security brand SecuFy, also provides solutions to protect internal corporate assets.Building on this collaboration, the company will strengthen its competitiveness in integrated security services that cover everything from building systems to monitoring and operations, and will expand its business to external corporate clients. To that end, it will launch an “AI premium security monitoring service” this month and carry out joint marketing with Thales to acquire new customers.”As AI spreads, cyberthreats are becoming more sophisticated, making integrated detection, analysis, and response capabilities more important than standalone security tools,” a Lotte Innovate official said. “By combining Thales’ global security technologies with Lotte Innovate’s security operations capabilities, we will roll out differentiated services and strengthen the growth base of our AI security business by expanding external clients.”※ This article has been translated by AI. Share your feedback here.
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