Lotte Innovate to Expand AI Security Business with Thales

[Financial News] Lotte Innovate is expanding its artificial intelligence (AI) security business in partnership with Thales. The company plans to strengthen its defenses against sophisticated cyberattacks by combining Thales’ web application and API security technologies with its own security monitoring capabilities, and to step up its push into the external security market with new commercial services.
Lotte Innovate said on the 11th that it signed a memorandum of understanding (MOU) with Thales at its Seoul headquarters on the 28th of last month. The agreement covers cooperation on Imperva’s web application and API protection (WAAP) solutions to counter emerging threats, including AI-powered and automated attacks. Thales’ cybersecurity business, which includes Imperva’s existing operations, protects companies’ critical applications, data and identities.
Under the agreement, Lotte Innovate will work to expand application security across all Lotte Group affiliates by linking AI-based web security technologies with its security monitoring platform; enhance the detection of sophisticated attacks and response systems; commercialize integrated security services; and develop joint marketing and business strategies to attract new customers.
Thales is a global technology company spanning aerospace, defense, cyber and digital fields. It provides solutions that protect critical systems and data for businesses and government agencies, drawing on advanced technologies such as AI and cybersecurity. In particular, with its acquisition of cybersecurity company Imperva in December 2023, it built an integrated security portfolio encompassing web application firewalls (WAF), API security and data protection.
Lotte Innovate has end-to-end security capabilities spanning security consulting, system implementation, continuous monitoring, proprietary security solutions and physical security. It has completed at least 1,000 security projects and operates 365-day security monitoring and advanced persistent threat (APT) response systems for the IT infrastructure of numerous Lotte Group affiliates. It also provides solutions to protect companies’ internal assets through its proprietary security brand SecuFy, and is expanding into physical security using autonomous driving security and safety robots.
The core of the partnership is to strengthen integrated threat response capabilities by linking global web security technologies with Lotte Innovate’s existing security monitoring platform. By connecting the web firewall’s capabilities to detect and block malicious traffic and abnormal access with the platform’s threat analysis and response functions, Lotte Innovate plans to help corporate customers respond more systematically to increasingly sophisticated cyberattacks.
Lotte Innovate aims to use the partnership to strengthen its competitiveness in integrated security services spanning everything from security system implementation to monitoring and operations, and to accelerate the expansion of its external security business. In particular, it plans to broaden its customer base by commercializing new services that combine global security technologies with its own monitoring capabilities, and to lay the groundwork for continued growth in service revenue.
Lotte Innovate plans to launch an AI premium security monitoring service sometime in November and extend it to new corporate customers. It also plans to continue expanding its business by strengthening its security service capabilities to address changes in corporate IT environments, including AI and cloud computing.[email protected] Yeon Ji-an Reporter