Information Security Monitoring Solutions for 5G, IT, and OT ! Long-term III Support Team Establishes Taiwan Cybersecurity Foundry Company.

Caption:
With the long-term support of the Department of Industrial Technology (DoIT) , Ministry of Economic Affairs (MOEA), Taiwan Cybersecurity Foundry Company was established on December 8th by the information security team of the Institute for Information Industry. The picture shows that all distinguished guests took a photo together. From the left: Deputy CEO of Taiwan Cybersecurity Foundry Company Wang Ren-fu, Advisor to National Human Rights Commission, Taiwan Liu Chin-hsin, Director of Department of Cyber Security, Executive Yuan Chien Hung-wei, Chairman of TECO Group Huang Mou-hsiung, President of the Institute for Information Industry Cho Cheng-hung, Director General of Department of Industrial Technology (DoIT) , Ministry of Economic Affairs (MOEA) Chiou Chyou-huey, Industrial Development Bureau, Deputy Director of Ministry of Economic Affairs (MOEA) Yen Feng-Chi, CEO of Taiwan Cybersecurity Foundry Company Mao Ching-hao, Executive Vice President of the Institute for Information Industry Yang Ren-dar, Chairman of Taiwan Cybersecurity Foundry Company Hsiao Po-ren, and President of Taiwan-Japan Relations Association Chiou I-jen.

The rapid development of the 5G mobile communication technology will accelerate the digital transformation of the industries in Taiwan. Nevertheless, information security issues occur along with the digitization process of Operational Technology (OT). For instance, it happens frequently that hackers search for IoT vulnerabilities and use ransomware to attack. As far as extortion money is concerned, the White House recently pointed out that the global extortion amount in 2020 reached 400 million US dollars (about 11.6 billion New Taiwan dollars), and in the first quarter of 2021, it exceeded 80 million US dollars (about more than 2.3 billion New Taiwan dollars).

Facing the rapid development of science and technology and the severe information security challenges, the Department of Industrial Technology (DoIT) , Ministry of Economic Affairs (MOEA) has long supported the information security team of the Institute for Information Industry — substantial outcomes can easily be found whether in the development of information security technology or equipment and the understanding of information security warfare situation, etc. On December 8th, in order to respond to the industry's strong demand for information security, Taiwan Cybersecurity Foundry Company (TCFC), one of the information security research and development teams of III which has been established and trained for many years, has obtained technology transfer and spun-off from III. The content of the technology transfer includes establishing a supply chain information security monitoring platform that integrates technologies from the fields of Information Technology (IT), Industrial Control (OT) and 5G — utilizing Artificial Intelligence (AI) technology to quickly detect the occurrence of information security incidents and response accordingly— to make up for the shortage of information security talents faced by the government and industry and to improve the information security capacity of related companies such as medical institutions, e-commerce platforms, industrial control industries, and chip industries.
Department of Cyber Security, Executive Yuan, Director Chien Hung-wei pointed out that to promote excellence in information security, the government first focuses on "technology transfer and innovation" and, through existing resources, comprehensively coaches new startups and gradually helps them expand scales. The government is of great pleasure to see the establishment of TCFC and that it becomes a member of the information security industry. In the future, it is expected that TCFC will become an excellent example of information security innovation and jointly build a resilient and secure smart country with the government.

Chiou Chyou-huey, Director General of Department of Industrial Technology (DoIT) , the Ministry of Economic Affairs (MOEA), specifically stated that the department is committed to improving the atmosphere of entrepreneurship based on the improvement of science and technology as well as incubating start-up unicorns in emerging businesses, and encourages legal persons with research and development capability to create emerging companies, products, technologies and business models that can lead future industrial trends. The department expects “Taiwan Cybersecurity Foundry Company (TCFC)" to join hands with new domestic information security entrepreneurs so that a collection of start-ups could thrive and prosper and lead the world trend in the next ten and twenty years.

Under the expectations of many parties, Taiwan Cybersecurity Foundry Company (TCFC) has grown from a seed into a new business that can carry the responsibility of itself. Cho C.H., President of the Institute for Information Industry, stressed that III has focused on fostering the development of information security teams over the years, from technology research and development, international exchanges, and even the cultivation of information security talents. Now that we can see the successful incubation case of the new start-up TCFC, it is not only to demonstrate III’s determination to accomplish its mission as a "Digital Transformation Enabler", but also to carry out the government's promise to promote the "Six Core Strategic Industries".

Mao Ching-hao, founder of Taiwan Cybersecurity Foundry Company and former Director General of Cybersecurity Technology Institute, Institute for Information Industry, indicated that Taiwan is at the core of the world's information and communication supply chain, and it is particularly necessary for Taiwan to develop “Supply Chain Threat Hunting Technology” to fulfill the protection needs of industrial control and supply chain information security in the future 5G field, and to enhance the effectiveness of information security joint defense of small and medium-sized enterprises.

It is worth mentioning that in 2021, ATT&CK Evaluations conducted by MITRE, a well-known information security research institution in the United States, mentioned that the "Cross-Domain Information Security Monitoring Platform" established by Taiwan Cybersecurity Foundry Company has the world's leading information security technology and is capable of detecting various knowing malicious behavior and attack. The platform can properly monitor the industrial control environment and strengthen information security in the field.
In addition, the "UFO" vulnerability detection technology which—also developed by Taiwan Cybersecurity Foundry Company and applied in the supply chain— uses semiconductor chips to detect Trojan horses, was recognized by the global hacker annual event "Blackhat" in 2020 and recommended to global information security and hacker communities.

In the future, the Institute for Information Industry will continue to cooperate with Taiwan Cybersecurity Foundry Company to comprehensively improve information security technology, prevent information security attacks by advanced security deployment, and cultivate technology research and development talents in the field of information and information security, who are desperately needed by our country. At the same time, III will also observe social trends and encourage its teams to establish new startups from multiple perspectives: solving the digital needs and pain points of the industry, by which III not only implements various policies but also performs different tasks required for a Smart Nation.

【Media Contact】
Taiwan Cybersecurity Foundry Company (TCFC)
Sylvia Huang Tel: (02) 6607-8922 sylviahuang@iii.org.tw
Jenfu Wang Tel: (02) 6607-8918 jenfuwang@iii.org.tw
Center for Marketing Strategy(III)
Joy Yen Tel: (02) 6631-8635 joyyen@iii.org.tw
Ying Shen Tel: (02) 6631-8643 yingshen@iii.org.tw
Esther Huang Tel: (02) 6631-8641 estherhuang@iii.org.tw <