Physical Security Company 'Yetmal'... S-1 Information Security Business Jump-Up

Information Security Revenue Grows 17% Annually
Cloud Security Monitoring Revenue Up 59% Annually

Security company S-1 is accelerating its efforts in the information security business. When people hear 'S-1,' they often recall the past security guard company, but based on the stable growth of its physical security business, including that, it is also achieving results in the information security sector. Sales in the information security field are rapidly increasing.

On the 4th, S-1 announced that total service sales in information security have grown at an average annual rate of 17% from 2020 to last year. During the same period, sales of 'Cloud Security Monitoring,' a service S-1 has been focusing on, increased by an average of 59% annually. Cloud security monitoring is a service where professional monitoring personnel remotely provide security solution installation and monitoring integration, intrusion incident prevention, real-time monitoring and analysis, and reporting services to protect the assets of client companies using cloud infrastructure. S-1, which has been protecting physical safety, is expanding its scope to take responsibility for safety in the cloud world as well. The growth trend in new businesses continues this year. Sales in business areas including system security services, information security, and Internet of Things security reached 292.4 billion KRW in the first quarter, a 6% increase compared to the previous year.

Participants are taking a commemorative photo at the agreement ceremony between S-1 and PwC. From the left, Choi Hyang-sook, Head of Infrastructure Consulting Team at S-1; Park Hyun-yang, Vice President and Head of Marketing Division, Infrastructure Service Business Unit at S-1; Park Chae-young, Vice President and Head of Infrastructure Service Business Unit at S-1; Lim Ki-ho, Head of Finance & Risk Compliance Division at PwC; Lee Sung-ho, Managing Director at PwC.

New products to strengthen cloud security have also been launched. The newly introduced cloud DB encryption solution prevents data stored on cloud servers from being leaked. It encrypts databases storing personal or sensitive information and prevents unauthorized user access to protect corporate information assets. The 'Cloud Security Switch' for secure internal network management was also introduced. This device prevents the spread of malware such as ransomware that infiltrates multiple PCs set up in an office and can control access by configuring harmful or unauthorized sites for members.

Most information security solutions are provided as rental services. This takes into account that small and medium-sized enterprises find it difficult to hire specialized engineers or security managers separately. An S-1 official said, "Considering the demand that cannot properly manage security due to lack of professional personnel, we are expanding the base of the information security market with rental services that reduce cost burdens."

To target the information security market, S-1 has also partnered with a global consulting firm. They have agreed to collaborate with PwC Consulting to expand the market for OT (Operational Technology) security services. OT security is a security system that protects not only industrial control systems but also industrial operational technology environments connected to IT. They plan to sequentially commercialize the OT security business by conducting pilot projects jointly with PwC. The global consulting firm Frost & Sullivan forecasted that the global OT security market will grow at an average annual rate of 25.3%, reaching 10.2 billion USD by 2025. An S-1 official stated, "We will continue to strengthen information security and OT security based on physical security, and lead the converged security trend through collaboration with various partners."

This content was produced with the assistance of AI translation services.