SecuLetter, a member company of the Born2Global Centre, recently has signed a partnership agreement with BlueZebra, a Thai information security company, on the supply of SecuLetter's products. SecuLetter has been an active member company of the Born2Global Centre.

 

BlueZebra is a mid-sized Managed Security Service Provider (MSSP) headquartered in Bangkok, Thailand. It provides integrated security services from the development of IT infrastructure to security management and incident response.

 

Through this partnership agreement, BlueZebra will supply SecuLetter's email security solution "MARS SLE" and file security solution "MARS SLF" to the Thai market.

 

BlueZebra CEO, Jutipat Boonsoong said, "Recently, a large hospital in Thailand was infected with ransomware and was asked to send 200,000 Bitcoins (USD 2,000 million). As damage caused by ransomware occurs frequently in Thailand, how to prevent it is an important issue."

 

In fact, according to BlueZebra, most of the ransomware attacks occurring in Thailand are investigated to occur when downloading e-mail attachments including malicious codes.

 

Recently, as well as ransomware, various unknown malicious code attacks such as Zeroday and APT are increasing, and as most of these attacks are introduced through email, the demand for email security is rapidly increasing.

 

Jutipat Boonsoong, CEO of BlueZebra, said, "We found SecuLetter provide a unified platform to protect both known attacks (signature-based) and unknown attacks. In particular, its diagnosis rate and the diagnosis speed was superior to other solutions." He added, "We expect many customers in Thailand to consider implementing this solution."

 

SecuLetter solution is being reviewed by the Thai Air Force and the National Tax Service who want to bolster their web security (HTTP), email section and file transfer security.

 

Lim Chasung, CEO of SecuLetter, said, "SecuLetter is making various efforts to advance into overseas markets this year. We started running Incheon Startup Park's "Incheon Email Security Demonstration Commercialization Project" which is supported by the Incheon Free Economic Zone Authority and Incheon Techno Park (ITP) and also running the "SecuLetter Global Email Security Center (SGES Center)" this year. And also participating in overseas projects of government agencies such as KISA and KOTRA. I believe this partnership with BlueZebra and the partnership with South Africa's Africa ("AFRICO") in August are the effective results of these efforts."

 

In addition to overseas partnerships, SecuLetter has partnered with a cyber-security company in the United States this year, promoting product globalization and proposing solutions to insurance companies that handle a large amount of digital documents, potential customers in the United States. In November of this year, it is also planning to introduce products and demos to the US local government.





SecuLetter, a member company of the Born2Global Centre, recently has signed a partnership agreement with South African IT security company Afriko on the supply of SecuLetter's products. Seculetter has been an active member of the Born2Global Centre since 2017.

 

Afriko is a midsize IT company headquartered in South Africa. It provides IT solution consulting and security products to customers such as national government agencies, finance, healthcare and enterprises in Africa. Afriko is also carrying out large IT projects such as Smart city platform and Data integration which is related to Big data and IoT. Through this partnership, Afriko will supply SecuLetter's email security solution 'SecuLetter Email Security' to the African market.

 

Afriko CEO Kenny Mziza said, "Last year, City Power, a power supply organization in Johannesburg, the capital city, was heavily damaged by ransomware attacks. As a result, power outages occurred in most areas of the city, and administrative processing such as access to the City Power website as well as various electricity-related taxes was paralyzed. It was found that the ransomware attack occurred through email attachments including malicious code. We were looking for a solution to defend against these attacks and we made sure that the SecuLetter product fit perfectly into the market requirements, so we chose."

 

In addition, Kenny said, "In South Africa, there is a growing awareness of unknown malware attacks such as ransomware, spear phishing and malicious macros. We expect that SecuLetter solution that accurately detects, analyzes and blocks those attacks through reverse engineering will effectively defend it."



 

SecuLetter is a security company that develops and supplies products which detect, diagnose, analyze and block Malicious code attacks and Advanced Persistent Threat (APT) coming through digital document files (e.g. MS Office, HWP, PDF, etc.) in various network environments such as e-mail section, Air-gap and Network-bridge, Document centralization and Web bulletin board. SecuLetter products are characterized by accurate diagnostic rates and diagnostic performance.

 

SecuLetter CEO Lim, Chasung said, "This partnership agreement is an example of how SecuLetter's technology works in the global market. Recently, our products have been well received by partners in Southeast Asia such as Indonesia and Malaysia, and we plan to sign partnerships with them this year."

 

SecuLetter is preparing to enter the Middle East and US markets as well. Through KISA (Korea Internet & Security Agency), they were introduced to a cyber security company in the US, and through collaboration with them, they are pursuing globalization of their products and entering the global market.

 

SecuLetter's products, 'SecuLetter Email Security' and 'SecuLetter File Security', are being actively used by major national institutions, financial institutions, and companies, including KEPCO E&C, Korea Post Information Center, KISA (Korea Internet & Security Agency), BNK Busan Bank, KAMCO (Korea Asset Management Corporation), KSD (Korea Securities Depository), and KTCU (Korean Teachers' Credit Union).





By introducing SecuLetter's security solution, Korea's BNK Busan Bank has strengthened its security against Advanced Persistent Threats (APTs) between network connections.

 

SecuLetter is a Korean information security company and a member company of the Born2Global Centre that develops and supplies security products capable of detecting, diagnosing, analyzing, and blocking malware attacks that existing signature-based solutions and behavior-based (sandbox-based) APT security solutions find difficult to detect. SecuLetter has been an active member of the Born2Global Centre since 2016.

 

SecuLetter's products are equipped with various diagnostic technologies that are used for static, dynamic, and detailed analyses based on its own proprietary technology and are characterized by their accurate and rapid diagnosis.

 

BNK Busan Bank has been reviewing solutions that detect and block APT attacks using non-PE (portable executable) files, such as Microsoft Office, PDF, and HWP files, which existing APT solutions cannot detect.

 

After thoroughly comparing various solutions and proof of concepts (PoCs), the bank finally selected SLF (SecuLetter FileServer) and could eliminate its security blind spots. With this solution, the bank was able to enhance its security at network bridging environment and satisfied with SLF's built-in content disarm and reconstruction (CDR) feature, high diagnostic rate, rapid diagnosis speed, and easy integration with various security products.. With this solution, the bank was able to enhance its air-gap security and was especially satisfied with SLF's built-in content disarm and reconstruction (CDR) feature, high diagnostic rate, rapid diagnosis speed, and easy integration with various security products.

 

Senior Manager Woo Sunghoon of BNK Busan Bank's Information Security Department said, "When looking at the recent trend of APT attacks, the percentage of malicious attacks conducted using non-PE files is far higher than those using executable files such as exe, dll, or sys files. Considering the current urgent need for security measures for non-PE files on the network, we have chosen SecuLetter's security product."

 

He added, "Having introduced and used SLF, we are impressed with its minimization of over-detection (false positive detection) when diagnosing malicious code and rapid diagnostic speed. Moreover, when we deployed it in our network bridging environment, there was no delay in our work."

 

In response to cyber-attacks, BNK Busan Bank established its own unique enterprise security management platform for the first time in Korea in 2016. The platform is used to collect the logs (containing data related to personal information protection, email cyber-attacks, and equipment security vulnerabilities) generated by all equipment and analyze and visualize all security threats for effective security management.

 

Lim Chasung, CEO of SecuLetter said, "Through a case study conducted by BNK Busan Bank, it was confirmed that our solution can be effectively applied to APT security and CDR in network bridging and air-gap environments. This year, many Korean financial customers are planning to introduce air-gap security and CDR solutions, and we expect many of them will adopt our solutions."

 

SecuLetter's products, SLE (SecuLetter Email) and SLF, are being actively used by major national institutions, financial institutions, and companies, including KEPCO E&C, Korea Post Information Center, KISA (Korea Internet & Security Agency), BNK Busan Bank, KAMCO (Korea Asset Management Corporation), KSD (Korea Securities Depository), and KTCU (Korean Teachers' Credit Union).



SecuLetter, a member company of the Born2Global Centre, has attracted a USD 6 million series B investment, and received corporate valuation of USD 36 million. This time, Riyadh Valley Company (RVC) and the Korea Development Bank (KDB Bank), both new investors, participated with the existing investor, the Korea Investment Partners. Investment was completed on November 14.




RVC, a Saudi government-owned investment institution, found SecuLetter attractive for its email security technology and non-executable file attack diagnosis technology.

Dr. Khalid Al-Saleh, RVC's CEO said, "Since the cyber-attacks against Saudi Arabian national organizations have become notorious worldwide, we have been interested in finding leading overseas cyber security companies at the national level. After more than a year's careful evaluation, we decided to invest in SecuLetter because we believe the company is sound and possesses outstanding technical excellence and marketability."" data-reactid="24" style="margin: 0px 0px 1em; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">Dr. Khalid Al-Saleh, RVC's CEO said, "Since the cyber-attacks against Saudi Arabian national organizations have become notorious worldwide, we have been interested in finding leading overseas cyber security companies at the national level. After more than a year's careful evaluation, we decided to invest in SecuLetter because we believe the company is sound and possesses outstanding technical excellence and marketability."

Middle East market where the Gartner forecasted its growth, and enter the global security market." data-reactid="25" style="margin: 0px 0px 1em; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">SecuLetter plans to use this investment to expand and enhance its AI security products, strengthen its R&D, to grow quickly in the Middle East market where the Gartner forecasted its growth, and enter the global security market.

SecuLetter's security technology uses reverse engineering diagnostics to detect, analyze and block malicious code that seeks to enter in a non-executable file.

The source code of incoming files is analyzed and malicious code detected before the sleep mode regardless of whether the file executes or not. Since it analyzes and diagnoses at assembly level without waiting for execution, it effectively blocks malicious code in document files that existing execution-based solutions are not able to detect. It also significantly shortens the diagnostic time and reception delay over those execution-based solutions.

Lim Chasung, SecuLetter's CEO, said, "We are on the way to becoming a leading cyber security company in Korea through our advanced security technology and continuous creation of a variety of growth opportunities."" data-reactid="28" style="margin: 0px 0px 1em; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">Lim Chasung, SecuLetter's CEO, said, "We are on the way to becoming a leading cyber security company in Korea through our advanced security technology and continuous creation of a variety of growth opportunities."

 

SecuLetter's security solutions have received 2018 Excellent Information Protection Technology and Product Selection from Ministry of Science and ICT and Korea Internet & Security Agency as well as GS certification and CC certification. BNK Busan Bank, KAMCO, KSD, and KTCU have adopted and are taking advantage of SecuLetter's security solutions, as are major national institutions with a competitive edge in cyber security, including KEPCO E&C, Korea Post Information Center, and KISA.

 

This is the seventh post in our series: Discover Korea’s Tech, 

where we will talk to a mix of Korean startup entrepreneurs 

who stood their own ground with their technology, 

in Korea’s economy notoriously dominated by gigantic companies. 

 

Stay tuned over the coming month as we talk to Korean entrepreneurs. 

You can follow our updates @technodechina for new stories in the series. 

Cyber security is an increasingly important issue. 

Large companies have played victim to some very public attacks; 

Sony Pictures Entertainment was the victim of a cyber attack in November 2014 

that revealed personal information of its employees. 

 

Target also discoverd malware on its point-of-sale systems in December 2013.

According to a Raicati Email Statistics Report released in 2015, 

77 percent of all malware are installed via email. 

 

39% of total malware installations were from attached files in the email 

with 34% coming from embedded links in the email.

“Many Mac users think they are safe, but they are also vulnerable to cyber attacks. 

Same goes for Gmail users. 

If you leave it on default, it detects the malware, but if you change encoding, 

it is vulnerable to malware attacks,” CEO of SecuLetter, Chasung Lim told TechNode.

SecuLetter protects the email server from advanced attacks 

and cloud services to protect email server, 

using Hybrid Analysis method to detect and block cyber attacks.

 

“If an antivirus software detected a cyber attack, it means that the attack is already well-known.

New kinds of attack such as spear phishing, ransomware, and other targeted attacks 

can get through existing security solutions and penetrate a company’s security layer,” Mr. Lim says.

SecuLetter’s SLE detection automatizes reverse engineering. 

When a user receives an email, the company will open the email in the operating system 

and analyze attached files on the assembly level. 

After quarantining and blocking malware emails, it sends safe emails to the email server.

SecuLetter’s first trial provides cloud services 

and charges the usage on a monthly basis to reduce the cost burden.

“Other APT attack solutions cost more. 

You need to purchase all the equipment first, which requires high upfront investment,” Mr. Lim added. 

The main competitor in APT attack solution market is FireEye, a publicly listed cyber security company.

“Korea’s biggest retailer company conducted BMT (Benchmarking Test) comparing FireEye’s solution and SecuLetter’s. 

According to their test, SecuLetter detected malware with a higher percentage than FireEye,” Mr. Lim stated. 

“Our solution has a higher detection accuracy than sandbox-based APT attack solution 

because we have proprietary technology, specializing in Non-PE email content.”

 

The company raised 2 billion KRW ($1.7 million USD) last month, 

led by Korea Investment and UTC Investment

SecuLetter is supported by K-ICT Born2Global Center, 

a major Korean government agency under the Ministry of Science, 

ICT and Future Planning (MSIP).

 

 

Image Credit: SecuLetter

 


http://technode.com/2016/11/25/company-opens-malicious-email-files-dont/

 

 

This is the seventh post in our series: Discover Korea’s Tech, 

where we will talk to a mix of Korean startup entrepreneurs 

who stood their own ground with their technology, 

in Korea’s economy notoriously dominated by gigantic companies. 

 

Stay tuned over the coming month as we talk to Korean entrepreneurs. 

You can follow our updates @technodechina for new stories in the series. 

Cyber security is an increasingly important issue. 

Large companies have played victim to some very public attacks; 

Sony Pictures Entertainment was the victim of a cyber attack in November 2014 

that revealed personal information of its employees. 

 

Target also discoverd malware on its point-of-sale systems in December 2013.

According to a Raicati Email Statistics Report released in 2015, 

77 percent of all malware are installed via email. 

 

39% of total malware installations were from attached files in the email 

with 34% coming from embedded links in the email.

“Many Mac users think they are safe, but they are also vulnerable to cyber attacks. 

Same goes for Gmail users. 

If you leave it on default, it detects the malware, but if you change encoding, 

it is vulnerable to malware attacks,” CEO of SecuLetter, Chasung Lim told TechNode.

SecuLetter protects the email server from advanced attacks 

and cloud services to protect email server, 

using Hybrid Analysis method to detect and block cyber attacks.

 

“If an antivirus software detected a cyber attack, it means that the attack is already well-known.

New kinds of attack such as spear phishing, ransomware, and other targeted attacks 

can get through existing security solutions and penetrate a company’s security layer,” Mr. Lim says.

SecuLetter’s SLE detection automatizes reverse engineering. 

When a user receives an email, the company will open the email in the operating system 

and analyze attached files on the assembly level. 

After quarantining and blocking malware emails, it sends safe emails to the email server.

SecuLetter’s first trial provides cloud services 

and charges the usage on a monthly basis to reduce the cost burden.

“Other APT attack solutions cost more. 

You need to purchase all the equipment first, which requires high upfront investment,” Mr. Lim added. 

The main competitor in APT attack solution market is FireEye, a publicly listed cyber security company.

“Korea’s biggest retailer company conducted BMT (Benchmarking Test) comparing FireEye’s solution and SecuLetter’s. 

According to their test, SecuLetter detected malware with a higher percentage than FireEye,” Mr. Lim stated. 

“Our solution has a higher detection accuracy than sandbox-based APT attack solution 

because we have proprietary technology, specializing in Non-PE email content.”

 

The company raised 2 billion KRW ($1.7 million USD) last month, 

led by Korea Investment and UTC Investment

SecuLetter is supported by K-ICT Born2Global Center, 

a major Korean government agency under the Ministry of Science, 

ICT and Future Planning (MSIP).

 

 

Image Credit: SecuLetter

 


http://technode.com/2016/11/25/company-opens-malicious-email-files-dont/

 

 

This is the seventh post in our series: Discover Korea’s Tech, 

where we will talk to a mix of Korean startup entrepreneurs 

who stood their own ground with their technology, 

in Korea’s economy notoriously dominated by gigantic companies. 

 

Stay tuned over the coming month as we talk to Korean entrepreneurs. 

You can follow our updates @technodechina for new stories in the series. 

Cyber security is an increasingly important issue. 

Large companies have played victim to some very public attacks; 

Sony Pictures Entertainment was the victim of a cyber attack in November 2014 

that revealed personal information of its employees. 

 

Target also discoverd malware on its point-of-sale systems in December 2013.

According to a Raicati Email Statistics Report released in 2015, 

77 percent of all malware are installed via email. 

 

39% of total malware installations were from attached files in the email 

with 34% coming from embedded links in the email.

“Many Mac users think they are safe, but they are also vulnerable to cyber attacks. 

Same goes for Gmail users. 

If you leave it on default, it detects the malware, but if you change encoding, 

it is vulnerable to malware attacks,” CEO of SecuLetter, Chasung Lim told TechNode.

SecuLetter protects the email server from advanced attacks 

and cloud services to protect email server, 

using Hybrid Analysis method to detect and block cyber attacks.

 

“If an antivirus software detected a cyber attack, it means that the attack is already well-known.

New kinds of attack such as spear phishing, ransomware, and other targeted attacks 

can get through existing security solutions and penetrate a company’s security layer,” Mr. Lim says.

SecuLetter’s SLE detection automatizes reverse engineering. 

When a user receives an email, the company will open the email in the operating system 

and analyze attached files on the assembly level. 

After quarantining and blocking malware emails, it sends safe emails to the email server.

SecuLetter’s first trial provides cloud services 

and charges the usage on a monthly basis to reduce the cost burden.

“Other APT attack solutions cost more. 

You need to purchase all the equipment first, which requires high upfront investment,” Mr. Lim added. 

The main competitor in APT attack solution market is FireEye, a publicly listed cyber security company.

“Korea’s biggest retailer company conducted BMT (Benchmarking Test) comparing FireEye’s solution and SecuLetter’s. 

According to their test, SecuLetter detected malware with a higher percentage than FireEye,” Mr. Lim stated. 

“Our solution has a higher detection accuracy than sandbox-based APT attack solution 

because we have proprietary technology, specializing in Non-PE email content.”

 

The company raised 2 billion KRW ($1.7 million USD) last month, 

led by Korea Investment and UTC Investment

SecuLetter is supported by K-ICT Born2Global Center, 

a major Korean government agency under the Ministry of Science, 

ICT and Future Planning (MSIP).

 

 

Image Credit: SecuLetter

 


http://technode.com/2016/11/25/company-opens-malicious-email-files-dont/

 

 

On July 18, the information protection service company SecuLetter

announced that it will receive an investment from a domestic venture capital

company by the end of the month. 

CEO Lim Cha-sung said, “We will soon be receiving a Series A round
as an investment in the development phase of our product.” He went on to add,
“We are currently in the final steps of processing the investment and will soon
reveal the exact investment amount.” 

After the company has received and processed all domestic investments,

it plans to conduct activities in the U.S. in hopes of attracting additional investments overseas.

The reason behind the success of SecuLetter, a start-up company, in attracting domestic and

foreign investment in the highly competitive information protection service market
is the specific focus of its service. 

By targeting email attachments only, it maximized the detection capability of

its information security service and developed a general, cloud-based service —
both of which enabled a significant price decrease. Thanks to the efforts of SecuLetter,
SMEs and private users can now receive the same quality of information protection services
as conglomerates, which use costly APT (advanced persistent thread) solution equipment. 


The company’s information security service for email attachments,
which constitute a major means of access for hackers, is based on technology more
advanced than that of existing behavior-based detection techniques. 

CEO Lim said, “Based on reverse engineering, SecuLetter’s engine is able to

effectively detect and intercept APTs concealed in malignant email attachments
even before they are initiated.”

If the company is successful in securing investment from the U.S., SecuLetter will release

its cloud-based information protection service product at the end of the year and
begin preparing for its U.S. launch as well.





(jshwang@heraldcorp.com)






     

    On July 18, the information protection service company SecuLetter

    announced that it will receive an investment from a domestic venture capital

    company by the end of the month. 

    CEO Lim Cha-sung said, “We will soon be receiving a Series A round
    as an investment in the development phase of our product.” He went on to add,
    “We are currently in the final steps of processing the investment and will soon
    reveal the exact investment amount.” 

    After the company has received and processed all domestic investments,

    it plans to conduct activities in the U.S. in hopes of attracting additional investments overseas.

    The reason behind the success of SecuLetter, a start-up company, in attracting domestic and

    foreign investment in the highly competitive information protection service market
    is the specific focus of its service. 

    By targeting email attachments only, it maximized the detection capability of

    its information security service and developed a general, cloud-based service —
    both of which enabled a significant price decrease. Thanks to the efforts of SecuLetter,
    SMEs and private users can now receive the same quality of information protection services
    as conglomerates, which use costly APT (advanced persistent thread) solution equipment. 


    The company’s information security service for email attachments,
    which constitute a major means of access for hackers, is based on technology more
    advanced than that of existing behavior-based detection techniques. 

    CEO Lim said, “Based on reverse engineering, SecuLetter’s engine is able to

    effectively detect and intercept APTs concealed in malignant email attachments
    even before they are initiated.”

    If the company is successful in securing investment from the U.S., SecuLetter will release

    its cloud-based information protection service product at the end of the year and
    begin preparing for its U.S. launch as well.





    (jshwang@heraldcorp.com)






       

      On July 18, the information protection service company SecuLetter

      announced that it will receive an investment from a domestic venture capital

      company by the end of the month. 

      CEO Lim Cha-sung said, “We will soon be receiving a Series A round
      as an investment in the development phase of our product.” He went on to add,
      “We are currently in the final steps of processing the investment and will soon
      reveal the exact investment amount.” 

      After the company has received and processed all domestic investments,

      it plans to conduct activities in the U.S. in hopes of attracting additional investments overseas.

      The reason behind the success of SecuLetter, a start-up company, in attracting domestic and

      foreign investment in the highly competitive information protection service market
      is the specific focus of its service. 

      By targeting email attachments only, it maximized the detection capability of

      its information security service and developed a general, cloud-based service —
      both of which enabled a significant price decrease. Thanks to the efforts of SecuLetter,
      SMEs and private users can now receive the same quality of information protection services
      as conglomerates, which use costly APT (advanced persistent thread) solution equipment. 


      The company’s information security service for email attachments,
      which constitute a major means of access for hackers, is based on technology more
      advanced than that of existing behavior-based detection techniques. 

      CEO Lim said, “Based on reverse engineering, SecuLetter’s engine is able to

      effectively detect and intercept APTs concealed in malignant email attachments
      even before they are initiated.”

      If the company is successful in securing investment from the U.S., SecuLetter will release

      its cloud-based information protection service product at the end of the year and
      begin preparing for its U.S. launch as well.





      (jshwang@heraldcorp.com)






         

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