Private Technology announced that it has formed a consortium with Softverse, Piolink, and ITcen PNS to 'build a data-centric zero-trust overlay financial network.'
Zero-trust communication security company Private Technology (CEO Kim Young-rang) announced on the 23rd that it was selected for the ‘Zero Trust Introduction Pilot Project’ hosted by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA).
In this project, Private Technology aims to build a ‘data-centric zero-trust overlay financial network’ and will preemptively apply the latest security technologies such as quantum-resistant cryptography (PQC) and the National Network Security Policy (N²SF) to the financial network.
In particular, the Private Technology Consortium was selected as the representative project after receiving the highest evaluation among the six consortiums selected this year. At the kickoff meeting held on the 21st, the head of Private Technology, Kim Joo-tae (executive director) and general manager of the consortium, appeared as a presenter and announced the plan to build a zero-trust overlay financial network.
Kim Joo-tae, the head of the headquarters, emphasized, “In order to expand zero trust, we have decided that it is necessary to go beyond simple application of technology and proactively strengthen security that reflects the latest national network security policies and trends.” He added, “Through successful collaboration, we plan to present a sustainable security system based on overlay.”
This consortium includes Softverse, a software supply chain security specialist, ITCEN PNS, a quantum cryptography and biometric authentication specialist, and Piolink, a network security specialist. As the lead company, Private Technology will apply seamless integration technology to implement zero-trust overlay.
Hana Bank is participating as a demand institution. It plans to implement a next-generation data-centric financial network security model suitable for banks with a global network by applying zero trust overlay, etc.
In addition, we plan to enhance security while minimizing changes to the existing financial network, thereby increasing work efficiency and convenience. Since the goal of this pilot project is to implement and apply a security model that can be applied to the private sector to an actual system, we plan to focus on minimizing difficulties that may arise from a practical perspective of the company.
In addition, Private Technology plans to conduct a zero trust maturity compliance certification test through TTA, an authorized certification testing agency, this year and verify compliance with the zero trust guideline 2.0. As the main company of the 'Zero Trust Security Model Verification Support Project' in 2023, Private Technology introduced the first security model that complies with the domestic zero trust guideline 1.0.
Kim Young-rang, CEO of Private Technology, said, “The need to introduce zero trust has grown even more due to recent hacking and other security breaches,” and added, “We will work to raise the level of security by applying preemptive security technologies and policies tailored to the global financial sector, while also establishing a realistic security system centered on the field.”
- See more related articles
You must be logged in to post a comment.