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Seoul, South Korea, December 28, 2022–(BUSINESS WIRE)–South Korea-based company Lockin Company’s flagship mobile application cybersecurity service, LIAPP (Lockin App Protector), accelerates in collaboration with financial institutions and fintech companies announced plans to expand its presence in Southeast Asia by Secure digitization of financial services. This creates a more economically inclusive society for underserved citizens, such as micro business owners and rural communities.
Lockin Company CEO Myoung Kyu Choi said: Collaborate with more financial service providers in Southeast Asia to enhance the security of their mobile apps with LIAPP’s robust cloud-based security infrastructure. ”
LIAPP already secures applications for customers of institutions such as IBK Industrial Bank of Korea, KB Kookmin Bank’s Cambodian, Myanmar and Vietnamese app networks. Indonesian fintech provider Rupi. He is one of the largest banks in Indonesia.
According to the World Economic Forum, digital financial inclusion will enable prime access to investment, credit and insurance products in Southeast Asia. However, along with it, cybersecurity threats are increasing. According to a recent report by Palo Alto Networks, in 2022, he 94% of businesses in the region saw an increase in the volume of cyberattacks.
Running on Runtime Application Self-Protection (RASP) systems, LIAPP provides cyber protection services such as rooting detection, tamper protection, memory protection, native library protection, and screen capture protection. Offering best-in-class performance, LIAPP’s action-based detection technology prevents malicious app attacks by instantly detecting the first hint of tampering or suspicious app activity.
LIAPP is constantly evolving to provide maximum security and comply with market regulations. For example, following Google’s restriction on the QUERY_ALL_PACKAGES permission, LIAPP can use action-based detection techniques to protect your application. This is a clear competitive advantage over our competitors. LIAPP’s plans range from basic protection to LIAPP ENTERPRISE, which protects cross-border enterprises such as fintech companies and banks.
Valued at US$6 billion in 2020, the application security sector is projected to reach a value of US$33.9 billion by 2030, according to Allied Market Research.
View source version at businesswire.com: https://www.businesswire.com/news/home/20221227005233/en/
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