Genians, Korea's First Developed EDR Grows 3x in One Year... 'Largest Domestic Customer Base'

[Asia Economy Reporter Hyungsoo Park] Genians announced on the 13th that it secured 26 new EDR customers last year alone.

The solution was adopted by representative companies and institutions across industries including government ministries such as the Ministry of Economy and Finance, NH Nonghyup, and Hite Jinro, as well as finance, manufacturing, telecommunications, and internet sectors. In December last year, by securing numerous customers in the secondary financial sector, Genians expressed a bright outlook for the increasing demand in the financial sector this year. Genians developed the first domestic EDR solution in 2017 and has accumulated technology since then.

The number of EDR nodes supplied last year reached approximately 100,000, tripling compared to 2019. This growth is not merely quantitative. There were win-backs from foreign solutions and successful pilot projects that led to main business contracts. EDR adoption also grew qualitatively as an alternative to strengthen security environments for remote work due to the untact environment. After the COVID-19 outbreak, technical support for foreign products was not smooth, which increased customer satisfaction with Genians, which provides comprehensive technology and maintenance capabilities?this is also considered an achievement.

As cyber threats evolve globally, the need for preemptive inspections against attacks and AI-based malware detection and response has increased. Vaccine products that detect based on known threat information show limitations. Traditional security products alone cannot actively respond to new and variant malware or ransomware.

In the untact era, with changes in security environments such as the spread of remote work, EDR has recently become the most notable solution to respond to intelligent variant cyber attacks by combining with artificial intelligence (AI). Genians’ EDR solution, 'Genians Insights E V 2.0,' detects sophisticated attack threats such as advanced persistent threats and ransomware, and can track signs and progress of attacks, making it a next-generation security product attracting attention.

EDR is a solution responding to a new paradigm shift in security, including security intelligence and innovation strategies, overcoming limitations of existing antivirus solutions, securing visibility through diverse information collection, responding to abnormal behavior, and preventing spread. It is expected to continue its market growth trend.

Lee Dongbeom, CEO of Genians, said, "We will expand the market by presenting an EDR roadmap based on market and customer demands," adding, "By expanding our lead in the high-end market, we will strengthen our position as the No. 1 EDR company and secure major references in government ministries, large corporate groups, the primary financial sector, and the expanding secondary financial sector, firmly establishing Genians’ second leap."