CHT Security Wins Frost & Sullivan's 2023 Taiwan Cybersecurity Services Company of the Year Award

Once again, CHT Security was honored by the globally renowned consulting firm  Frost & Sullivan with the 2023 Taiwan Cybersecurity Services Company of the Year Award. This recognition affirms the company's dedication to providing telecom-centric cybersecurity solutions and being the sole security company with integrated SOC and MDR  in Taiwan. It also recognizes the company’s outstanding threat detection and R&D capabilities, offering clients comprehensive cybersecurity services. This marks the third consecutive year CHT Security has received this international accolade, showcasing its exceptional performance.

Vivien Pua, an analyst at Frost & Sullivan, noted that CHT Security stands out due to its diverse cybersecurity services, advanced technologies, customer-centric approach, and relevant security certifications. Its SOC services integrate MDR to enhance endpoint visibility and detection accuracy and employ SOAR to automate incident response, significantly reducing threat exposure time. Moreover, retrospective analysis is conducted during major security threats, ensuring rapid detection and defense against cyberattacks. CHT Security also adopts red and blue team verification methods to ensure the effectiveness of security monitoring. Additionally, its SOC team possesses strong incident response and forensic capabilities, assisting clients with IR Playbook  script preparation, investigating intrusion paths, conducting reverse engineering of malware, eliminating threats, and restoring operational environments in case of intrusion incidents. In terms of customer service, CHT Security tracks inbound customer service cases weekly, regularly conducts customer satisfaction surveys, and continuously enhances service quality. CHT Security has obtained ISO 27001, ISO 27701, ISO 20000, ISO 17025, IEC 62443 CBTL, and other certifications, aligning itself with international standards and establishing a professional, trustworthy brand image and competitiveness.

Jeff Hung, General Manager of CHT Security, expressed gratitude for Frost & Sullivan's continued recognition. He mentioned that the company is now the largest managed security service provider (MSSP) in Taiwan and, to increase its market presence, expanded its operations overseas to regions such as Thailand, Vietnam, America, and South Africa. CHT Security aspires to become a leading Asia-Pacific cybersecurity service brand in the future. Furthermore, the company is trying to transition from a cybersecurity service company to a product-oriented cybersecurity company. It recently launched self-developed products, including the SecuTex NP, a network gateway full-time packet recording and threat detection system; the SecuTex ED, an endpoint security management and detection system; and CypherCom, a hardware-based end-to-end encrypted communication system. These products help enterprises comprehensively enhance cybersecurity defenses, contributing to the company's revenue growth.

Since being established in 2018, CHT Security has experienced steady revenue and profit growth. It reported impressive figures of NT$1.412 billion in revenue and an EPS of 6.21 in 2022. The company continued its double-digit growth this year, solidifying its position as a leader in Taiwan's cybersecurity market. In terms of expertise, CHT Security can discover hidden cybersecurity vulnerabilities or gaps, having identified over 90 common vulnerabilities and exposures (CVE) in system software, websites, and IoT devices. It is the only cybersecurity company in Taiwan to consistently receive Straight As in all assessment categories of the Executive Yuan's Cybersecurity Service Provider Evaluation for several years, positioning itself as the best enterprise cybersecurity partner. CHT Security is committed to continuous improvement, dedicating itself to providing the most professional and trustworthy cybersecurity services.