SK Telecom (NYSE: SKM) today announced that it signed a contract with Myanmar’s National Cyber Security Center (NCSC) to provide cyber security solutions and consulting services aimed at improving Myanmar’s prevention and defense against cyber security threats.
As an agency under the Ministry of Transport and Communications of the Republic of the Union of Myanmar, the National Cyber Security Center (NCSC) is tasked with safeguarding national intelligence against cyber threats, including hacking and distributed denial-of-service (DDos) attacks, and protecting the nation’s information and communication networks.
Under the contract, SK Telecom will dispatch a team of cyber security experts to Myanmar to offer consulting services for design and establishment of a Security Operation Center (SOC) for NCSC until the end of July 2020.
In particular, the expert team will use SK Telecom’s ‘Smart Guard’ solution to diagnose security vulnerabilities of the NCSC’s existing cyber security infrastructure, and share SK Telecom’s expertise and know-how in ICT infrastructure security management that allows for a rapid and efficient response to cyber threats.
SK Telecom will also provide ‘Security Information & Event Management (SIEM)’, a security solution developed by a Korean security company named Igloo Security, after optimizing the solution to the NCSC’s environment. SIEM collects and analyzes information – e.g. logs, errors, hacking, etc. – generated by diverse systems including servers, network equipment and applications, and immediately notifies the security administrators.
Starting with the export to Myanmar, which serves as a strategic hub connecting the emerging ASEAN markets, SK Telecom expects to expand its security business to other Southeast Asian countries, including Vietnam and Thailand.
According to the Korea Internet & Security Agency (KISA), the Asian information security market was valued at USD 21.18 billion in 2018 and is expected to grow by an average of 14.86% to reach USD 42.35 billion by 2023.
“SK Telecom will work closely with the NCSC to build a sophisticated Security Operation System in Myanmar to strengthen its protection against the ever-increasing cyber threats,” said Shim Sang-soo, Vice President of Infra Business at SK Telecom. “Going forward, armed with strong cyber security capabilities, we will seek further business opportunities in other Asian markets.”
“We are pleased to establish our Security Operation Center with SK Telecom’s advanced technology and know-how in infrastructure security,” said Ko Ye Naing Moe, Director of the NCSC. “We will work closely with SK Telecom to better protect Myanmar’s national intelligence and intelligence resources.”