[Edaily Reporter Shin Yeong-bin ] LOTTE INNOVATE(286940)is partnering with global technology firm Thales to launch a service that combines web and API security technologies with its own security monitoring capabilities. The company plans to expand the service to more Lotte Group affiliates and secure new corporate clients to grow its external security business.

LOTTE INNOVATE announced on the 11th that it signed a memorandum of understanding (MOU) with Thales at its Seoul headquarters on the 28th of last month to collaborate on Web Application and API Protection (WAAP) solutions.

The two companies will integrate Thales’ Imperva web and API security technologies with LOTTE INNOVATE’s security monitoring platform. The system works by having the web application firewall detect and block malicious traffic and abnormal access, while the security monitoring platform analyzes and responds to the related threats. This collaboration will strengthen the defense system against AI-powered and automated attacks.

Areas of cooperation include expanding application security for Lotte affiliates, enhancing the detection and response to intelligent attacks, commercializing integrated security services, and joint marketing. LOTTE INNOVATE plans to launch its AI-powered premium security monitoring service this month and expand its offerings to new corporate customers.

Thales is a technology company operating in the aerospace, defense, and cyber and digital sectors. In December 2023, it acquired the cybersecurity firm Imperva, thereby establishing a security product portfolio that encompasses web application firewalls (WAFs), API security, and data protection.

LOTTE INNOVATE operates businesses in security consulting, system implementation, round-the-clock monitoring, proprietary solutions, and physical security. According to the company, it has completed over 1,000 security projects to date and operates a 365-day security monitoring and Advanced Persistent Threat (APT) response system for the IT infrastructure of Lotte affiliates.

Through its proprietary security brand, “SecuPai,” the company also provides solutions for protecting corporate internal assets. It is expanding its business into the physical security sector by utilizing autonomous security and safety robots.

Through this partnership, LOTTE INNOVATE plans to strengthen its competitiveness in integrated services that span from deployment to monitoring and operation. The company aims to expand its customer base and secure sustainable service revenue by commercializing new services.

A LOTTE INNOVATE official stated, “By combining Thales’ global security technology with LOTTE INNOVATE’s security monitoring capabilities, we will introduce differentiated services and strengthen the growth foundation of our AI security business by expanding our external customer base.”

Wayne Hui, Vice President of Application and Data Security for Greater China and Korea at Thales, said, “Since web applications and APIs are central to how companies deliver their core services, protecting them is essential.” He added, “Imperva WAAP will help LOTTE INNOVATE protect its core applications and APIs as it expands application security across the entire Lotte Group.”