2024-09-27
Recently, dozens of public and private sector entities in Taiwan fell victim to cyberattacks by pro-Russian hackers. In response, the Ministry of Digital Affairs announced an escalation of its alert level to that of a presidential election. Both public and private sectors are tightening their security measures on cybersecurity issues. CHANGING Information Technology Inc. (8272), a cybersecurity provider, will hold its pre-IPO institutional investor presentation on the 25th. The company specializes in "network security" and "identity authentication," offering comprehensive solutions that cover Zero Trust architecture, Tech/FinTech Cybersecurity, digital transformation applications, and IoT security.
In 2023, CHANGING became the first cybersecurity vendor to pass the "Government Zero Trust Architecture Device Authentication Conformity Verification." The company fully complies with the three stages of the government’s Zero Trust Architecture: identity authentication, device authentication, and trust inference. To date, it has assisted 34 government agencies in implementing Zero Trust Architecture, positioning itself as a critical partner in government cybersecurity upgrades. Furthermore, it is one of the few companies in Taiwan to have passed both the "Identity Authentication" and "Device Authentication" certifications from the National Institute for Cyber Security, giving it a strong competitive edge.
The Zero Trust Architecture (ZTA) principle emphasizes that neither users nor devices, whether from inside or outside the network, should be automatically trusted. Every access request must undergo authentication, authorization, and encryption to ensure security. ZTA implements the least privilege principle, dynamically adjusting access permissions for users and devices while continuously monitoring their behavior. This architecture is widely applied to safeguard digital assets, especially in distributed and hybrid network environments, enhancing organizations' cybersecurity defenses.
Anderson Yang, the General Manager of CHANGING, stated that the company focuses on Zero Trust Architecture as its core, developing a range of innovative products such as the CGTrust Zero Trust Solution, the IDExpert Identity Authentication System, and the CGFIDO Passwordless Authentication System, offering customers comprehensive cybersecurity protection. These products support various network devices and application systems, ensuring dual protection of user identities and devices, thus achieving high standards of cybersecurity defense.
Yang further highlighted that the financial industry has always been a priority for cybersecurity protection. Following the Financial Supervisory Commission’s release of the "Zero Trust Architecture Implementation Guidelines for Financial Institutions," CHANGING provides a comprehensive solution based on five pillars (identity, devices, network, applications, and data) and three aspects (visibility and analytics, automation and orchestration, and governance). This solution helps financial institutions deepen their Zero Trust Architecture applications and enhance the protection of critical infrastructure. The company currently serves over 90% of domestic banks, positioning itself as the top choice for strengthening cybersecurity defenses in financial institutions.
In the field of Tech/FinTech Cybersecurity, CHANGING's PKI-based CA/RA certificate management and registration systems have been integrated with major certificate authorities such as Taiwan CA (TWCA) and Chunghwa Telecom. Its solutions span multiple domains, including financial certificates, government/natural person certificates, and healthcare certificates, and are widely applied in scenarios such as online banking transfers, securities trading, and online account opening real-name authentication. As virtual and digital banking continue to grow rapidly, CHANGING's cybersecurity services play a pivotal role in ensuring the safety of digital financial transactions.
In addition to its security certification and Tech/FinTech Cybersecurity solutions, CHANGING also drives corporate digital transformation through AI-OCR technology applications, e-signatures, and document management systems. The company also offers complete IoT device security solutions, including hardware root of trust design, key management, and secure firmware OTA updates.
According to statistics from the Industrial Technology Research Institute, Taiwan's cybersecurity industry market size was approximately NT$68.8 billion in 2022, and it is expected to grow to NT$101 billion by 2026, with a projected compound annual growth rate (CAGR) of 10.1% from 2022 to 2025. Analysts believe that with the strong market demand, CHANGING, leveraging its robust technical expertise, extensive experience, and broad market prospects, is poised for rapid growth in the coming years.
CHANGING Information Technology Inc.
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TEL：03-563-0688
Email：marcom@changingtec.com