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EGI & S&UT Meeting about Advanced Security Tech in Indonesia

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In an era defined by rapid digital transformation, Indonesia stands at a critical juncture. The booming adoption of e-commerce, mobile banking, and digital payments has created an urgent need for robust cybersecurity measures. In response, EGI Resources is partnering with South Korea’s security pioneer, Solution & Ubiquitous Technology Ltd. (S&UT), to introduce advanced security solutions that directly address the nation’s rising cyber threats.

 

The Partner Profile: Solution & Ubiquitous Technology, Ltd.

 

Established in December 2008 in South Korea, S&UT has positioned itself as a leader in enterprise and consumer security. Its core business focuses on System Security, AI Deep Learning, Robotic Process Automation (RPA), and specialized solutions like AutoPassword/OTP and Database Encryption.

S&UT boasts an impressive client and partner list in Korea, including financial giants like KB Bank, Woori Bank, and NH Bank, and major corporations like Shinsegae, Lotte, and Hyundai. Notably, the company was the first in Korea to develop and apply encryption technology for payment information, giving it significant credibility in securing financial data.

The relevance for Indonesia is clear: as digital transactions soar, the country faces a mirrored need to secure its financial data and payment systems with proven, world-class technology.

 

The Challenge: A Nation at Risk from Digital Threats

 

Indonesia’s high growth in mobile and internet banking transactions unfortunately translates to increased financial crime risk. The threat landscape is dominated by sophisticated attacks:

  • Memory hacking
  • Phishing and Pharming
  • Smishing (SMS phishing)

Current security methods, such as hardware OTP tokens or the widely used SMS OTP, are becoming increasingly inadequate. These older solutions suffer from a lack of integration, inconvenience for users, a higher risk of being lost, and, most critically, vulnerability to hacking, particularly through SIM swap fraud, a growing problem for Indonesian banks.

 

The Solution Suite: OTP and AutoPassword

 

S&UT’s offering, brought to the Indonesian market by EGI Resources, presents a two-pronged approach to both external transaction security and internal corporate data protection.

 

A. Software OTP (One Time Password) for Transactions

 

Targeting the banking, fintech, and e-payment sectors, S&UT’s Software OTP is designed to replace vulnerable SMS-based systems.

  • Mechanism: The OTP is installed directly on the user’s smartphone, automatically generating a new, unique code every 30-60 seconds.
  • Security Features: It effectively neutralizes threats from phishing and pharming by ensuring the one-time code is only valid for a tiny window and is generated within the user’s device.
  • Advanced Capabilities: Additional features include cross verification, biometric verification, copy prevention, and network separation for enhanced protection.

Relevance for Indonesia: This solution offers a significantly safer alternative to SMS OTPs and directly supports the Bank Indonesia program to strengthen the security of digital payment systems.

 

B. AutoPassword for Enterprise Internal Security

 

Focused on protecting corporate integrity, AutoPassword is designed for internal company use to safeguard confidential data and systems.

  • Function: It replaces static passwords with dynamic, automatically changing ones, preventing unauthorized access to internal networks and databases.
  • Key Advantage: It eliminates the need for inconvenient hardware tokens and offers security that is vastly superior to traditional, static password systems.

Relevance for Indonesia: Strategic sectors such as State-Owned Enterprises (BUMN), government agencies, energy, pharmaceutical, and national defense all require stronger internal security standards. AutoPassword is positioned as the ideal solution to protect sensitive operational data and strategic documents.

 

Innovation and Competitive Edge: Global Standards for Indonesia

 

S&UT’s technology stands out due to its commitment to global innovation and certified security standards:

  • World-First Innovation: The company developed the world’s first two-way authentication technology.
  • Global Certifications: S&UT holds the prestigious FIDO (Fast Identity Online) certification and is recognized by the ITU (United Nations Agency).
  • Patented Technology: With seven patents spanning Korea, China, and the USA, the technology is globally recognized. S&UT was also selected as a security partner by IBM after rigorous technical testing.

This infusion of international best practices will enable EGI Resources to deliver solutions with high global credibility, helping Indonesia elevate its digital security framework.

 

The Strategic Partnership: EGI Resources’ Role in Digital Security

 

The collaboration between EGI Resources and S&UT represents a strategic alignment with Indonesia’s national digital agenda.

  • External Security: The OTP solution addresses the external transaction security needs of Indonesia’s rapidly expanding bank, fintech, and e-commerce sectors.
  • Internal Security: AutoPassword meets the critical internal security requirements of entities handling sensitive data, especially in strategic BUMN, health, energy, and defense sectors.

By combining these two powerful technologies, EGI Resources is poised to play a crucial role as the bridge between world-class security technology and the specific needs of the Indonesian market. This partnership will not only support the national program for a secure digital ecosystem but also help financial and non-financial industries build greater public trust in their digital services.