KUALA LUMPUR, March 2 -- Onward Security, a leader in IoT cybersecurity assessment solutions stood out from more than 500 entries and won six gold and one silver awards at the Cybersecurity Excellence Awards 2020.
The company was granted the Gold Award for the Best Cybersecurity Company in Asia, while its automatic vulnerability assessment device (SecDevice) won three gold awards for Embedded Security, ICS / SCADA Security and Internet of Things Security.
In addition, its product security management system (SecFlow) won two gold awards for Vulnerability Management and Incident Response and one silver award for Risk Management.
Global Market Insights estimated the size of the cybersecurity market will reach US$300 billion by 2024, due to increasing cyber attacks and unprotected IoT devices. (US$1 = RM4.19)
“With the increasing demand for teleworking, using products with cybersecurity vulnerabilities will expose customers to losses caused by cyber attacks, brand and business damages, and even lengthy legal proceedings,” said GM of Onward Security, Morgan Hong.
“IoT device manufacturers should introduce the Secure Software Development Life Cycle (SSDLC) immediately to meet the cybersecurity requirements of governments, cybersecurity standards and buyers.”
In this competition, Onward Security displayed the AI features of the products. With the core technology of machine learning, SecFlow and SecDevice can assist the secure software development and product security test more accurately and effectively.
-- BERNAMA
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