Everspin supplies 'security solutions' to SBI Group affiliates

AI security company Everspin has supplied security solutions to several affiliates of global financial group SBI Group.

SBI Digital Asset Holdings, which oversees the digital asset division of the SBI Group, two of its subsidiaries, and Wealth Advisor, a financial information service company, announced that a total of four companies have adopted Everspin’s security solutions. This adoption was made through SBI Everspin, a joint venture between SBI Group and Everspin.

SBI Digital Asset Holdings is a company that oversees digital asset-related businesses, and focuses on building a value chain for issuing, managing, and securing liquidity of digital assets. Wealth Advisor is a service company that provides fair and objective financial information through various media such as the financial institution app 'Wealth Advisor', 'My Investment Trust', and 'Stock Newspaper Web'.

EverSafe, introduced to SBI Digital Asset Holdings, is a solution that applies MTD (Moving Target Defense) technology, which creates an infinite number of anti-hacking security modules and activates new security codes every day. MTD technology is a technology that the U.S. government emphasized its necessity, and Everspin succeeded in commercializing it for the first time in the world. Compared to existing fixed security code methods, EverSafe changes security codes in real time to neutralize hacker attacks, and holds patents in 12 countries around the world, including Korea, the U.S., Europe, and Japan.

Wealth Advisor has introduced FakeFinder. FakeFinder is the only anti-phishing solution that applies Everspin’s self-developed whitelist. AI collects information on apps from around the world, builds a DB, and compares it to detect malicious apps in advance. Unlike the existing blacklist method, FakeFinder provides an innovative technology that can block even unknown new malicious apps.

An Everspin official said, “Through the large-scale introduction of our solutions by the global financial group SBI, we have been able to further strengthen our position in the Asian financial market,” and “We expect this to provide further momentum for our future entry into the Asian market, including Japan.”

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