September 29, 2020

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Malaysian Telecom Partners Korean Blockchain Company

Malaysian Telecom Partners Korean Blockchain Company

The public sector business solutions arm of a Malaysian telecommunications company recently announced that it has signed a Memorandum of Collaboration (MoC) with a Korean tech company.

The MoC will make the Malaysian enterprise the sole distributor of the FNSV Blockchain Secure Authentication (BSA) products and solutions for Malaysia and as the strategic partner for ASEAN.

The Korean company offers the world’s first patented solution based on blockchain technology that does not require a password for authentication, is simple to use, extremely secure. This almost impenetrable solution represents the next step in securing online businesses.

The Guardian-CCS 1.0 (G-CCS), as the BSA is called, is the world’s first patented authentication solution based on blockchain verification technology.

It does not require a password, is extremely secure and purposely designed to enhance the authentication experience. In addition, the technology is extremely user-friendly and has been proven, at the time of this report, impossible to penetrate.

Through this MoC, the two parties will jointly collaborate on the tech and business development for BSA solutions based on G-CCS 1.0 for Malaysia, ASEAN and other potential markets on the web, mobile, IoT, 5G and any other medium authentication and certification services.

This collaboration is also expected to help other sectors address the changing cyber threat landscape and raise the resilience of national cybersecurity.

Partnering with the Korean firm will provide advanced managed security services to the telecom’s customers, from both commercial and public sectors.

The telecom, through its innovative and comprehensive products and solutions, will continue to lay the foundation for Industrial Revolution 4.0 (IR4.0) and rolling out 5G nationwide – serving a more digital society and lifestyle, digital businesses and industry verticals, as well as digital Government.

This strategic partnership allows the telecom to offer advanced cybersecurity services for businesses that require enhanced protection and compliance with regulatory requirements such as Risk Management in Technology (RMiT) and Personal Data Protection Act (PDPA).

The group has also made significant investment and effort to strengthen its cyber-security products and solutions under it’s Cyber Defence Centre or Cydec programme.

Cydec is a portfolio of cyber-security capabilities, security products and services powered by the group’s Global Security Operation Centre (GSOCs) and a robust cyber-security platform.

Cydec leverages on the telecom’s network and global intelligence on cyber-threats to serve customers and respond swiftly to any cybersecurity threats anywhere and anytime.

The programme offers intelligent Managed Security Services (MSS) utilising new technologies such as predictive analytics, machine learning, blockchain and advanced cyber-security services to protect customers on-premise or on cloud and to deliver innovative security services for digital risk management.

The telecom’s Cydec also offers cybersecurity solutions for cyber-defence and cyber risks management towards full RMiT compliance for data centres, cloud and security services, as outlined by Bank Negara Malaysia (BNM).

As one of the most disruptive technologies across industries, BSA services are part of the telecom’s Application Managed Security, under Cydec. It is a password-less authentication solution powered by blockchain verification technology that is impossible to penetrate.

This will benefit all businesses that require strong and trusted authentication services for web, mobile login and secure access for online, based transactions especially for 5G, Internet of Things (IoT) and Smart Services.

BSA can be easily adapted and deployed in various vertical applications including financial and banking services that require advanced security features to access digital services in the Industrial Revolution 4.0 (IR4.0) ecosystem.

BSA is also required by Critical National Information Infrastructure (CNII) sectors in enhancing data access. It has been proven to reduce up to 50% of total security tools management cost, and up to 60% of total security operations manpower cost, thus, resulting in increased security, reduction in operational cost of compliance, better customer experience as well as increasing transparency and efficiency.

In addition, the BSA solution can be applied in eGovernment and Public Services including critical Malaysian applications access control such eKYC for financial services, eID for Malaysian Digital ID, National Identity Card, National Passport, Driving Licenses, Company/Business Registration and other Law Enforcement Agencies applications such as Ministry of Defence (MINDEF), Polis DiRaja Malaysia (PDRM) and others.