Taiwan Set to Share Knowledge to Boost Cyber Defense

By Samachar Digital News

Chandigarh, 06th Mar, 2020:- Even as the world is reeling under the effects of the novel corona virus (COVID-19), the cyber ecosystem across the globe too is facing an upheaval. Endless new types of computer viruses and attacks are leading to significant losses in the world economy and business operations overall.

Countries like Taiwan are stepping up their efforts to bolster general cyber security and aid other countries against potentially crippling cyber-attacks. The growing use of internet technology is a major reason for cyber-attacks to steal potentially valuable data such as company secrets and personal data. As per Crowd Strike's 2018 global survey that investigated 1,300 companies, 66% of firms said they experienced attacks with an average financial loss of over USD$1.1 million. In recent times, therefore, cyber security in IoT has become one of the key factors for stable business operations. Also, cyber defense has acquired added importance because this the time when IoT devices worldwide are expected to exceed USD$45.4 billion by 2023. While 50% of these are home automation and security devices, there are also internet of vehicles, smart manufacturing, asset tracking, IoT in fuel gauges, IoT in water and electricity meters, and IoT in consumer electronics among others.

Taiwan is now at the frontline to co-operate with countries like India to deal with the obtrusive menace that is affecting businesses worldwide. Taiwan External Trade Development Council will be planning and participating in key international exhibitions to showcase its information and communication products internationally. In India too, Taiwan Excellence Pavilions will be set up at the Convergence ICT Expo to be held at New Delhi’s Pragati Maidan in July. Taiwan’s leading cyber security brands like ZYXEL, VIVOTEK and Edgecore who are the winners of this year’s Taiwan Excellence Award will be a part of the event.

Mark Wu, Executive Director of TAITRA’s Strategic Marketing Department said that at a time when IoT devices are growing worldwide, cyber defense is assuming increasing importance. With home automation, internet of vehicles, smart manufacturing, IoT in all fields, it is important for businesses, companies and individuals to be aware of the need for protection against cyber-attacks. Taiwan is offering solutions to deal with this menace.

According to statistics from the Industrial Technology Research Institute, Taiwan's cyber security output value in 2019 increased by 12.3% to NTD$49.34 billion compared with the same period in 2018. The two key factors that caused this year’s increase in output value are the drastic rise in the export of cyber security network hardware, as well as domestic demand for cyber security services. The export value for products in network security such as firewalls, UTM and network security hardware platforms, backend etc. and mobile device protection such as fingerprint identification chips, TPM modules etc., and new IoT security (gateways) is approximately NTD$24.8 billion. In addition, the output value for cyber security system services (cyber security inspection, operation management) is expected to exceed NTD$21 billion in 2021. This demonstrates that global cyber security awareness is on the rise, where demands lead to higher output value in professional services.

To name a few Taiwan’s leading cybersecurity brands are ZYXEL, VIVOTEK and Edgecore, all are this year’s winners of the Taiwan Excellence Award.

lZYXEL -AiShield is a cloud-based security log retention service. By enabling AiShield, you’ll be able to identify all your connected devices, preventing malware, phishing, hacker attacks/threats.

lVIVOTEK launches the world’s leading end to end Cybersecurity Management Solution. This solution provides a robust shield that starts from the front-end network camera (IT9389-HT), to network video recorder (ND9541P), and to the back-end video management software (VAST 2), and allows users to respond faster to threats and minimize cyber risks in IP surveillance networks.

lEdgecore Networks, a leading provider of traditional and open network solutions for enterprises, data centers, and telecommunication service providers, is pleased to introduce its latest L2+/Lite L3 10G Ethernet Aggregation switch — the ECS5520-18X, a high-performance 10GbE managed switch with two 40GbE uplink ports and enhanced cyber security features, designed for carrier/enterprise aggregation or small data center top-of-rack.

lAdvantech has launched a Mini UTM (Unified Threat Management) SRP (Solution Ready Package) to help its customers counter the continuous growth in network security threats. This mini UTM also simplifies universal customer premise equipment installations, providing not only general UTM functionalities such as firewall, antivirus, and content filtering, but also supports router and switch configurations.