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Youngmin Cho, CEO of ZIEN: "Supporting IoT Security for SMEs and Startups"

2024.07.22

"As the number of Internet of Things (IoT) devices and smart services increases, security incidents that infringe on privacy are rising in various areas such as smart homes, autonomous vehicles, and smart healthcare. This can even threaten users' lives. From a zero-trust perspective, we need to identify vulnerabilities at each stage across platforms, applications, executables, and open-source software, and implement appropriate security measures."


Youngmin Cho, CEO of IoT security startup ZIEN, emphasized that as smart homes proliferate and the trend towards autonomous driving accelerates, not only large corporations but also small and medium-sized enterprises (SMEs) and startups need to be aware of IoT security.



Youngmin Cho, CEO of ZIEN: "Supporting IoT Security for SMEs and Startups" — image 1


ZIEN has launched the beta service of 'Z-IoT', XIoT Firmware SECaaS. It's an automated solution that analyzes passwords, encrypted files, binaries, open-source software, and zero-day vulnerabilities to identify security vulnerabilities within firmware when uploaded to Z-IoT.


ZIEN has designed the solution so that even companies with insufficient security expertise, such as SMEs and startups, can proactively address IoT security. It has significantly reduced the time required for vulnerability analysis to 25% compared to manual inspection. The working speed is about four times faster, saving time and costs while enabling 365-day security response.


ZIEN has been providing security consulting to members of the Korea Electronics Association (KEA) since 2022.


CEO Cho said, "SMEs are concerned about potential security issues in their products, but they lack the expertise to perform actual security checks and also complain about the financial burden. As a result, security incidents are more likely to occur in products from small and medium-sized enterprises rather than large corporations."


Cho pointed out that while Korea's strength lies in manufacturing, manufacturing security is weak.


He said, "Looking at overseas trends, manufacturing companies prioritize security, and government security regulations are being strengthened. Manufacturing plants tend to neglect applying and updating security solutions due to issues such as temporary suspension of equipment operation and partial production delays when applying security solutions."



Youngmin Cho, CEO of ZIEN: "Supporting IoT Security for SMEs and Startups" — image 2


CEO Cho suggested that while supporting SMEs' security cost burdens through policy support, IoT security should be mandated in line with global trends.


He said, "Before IoT security grows to the level of human casualties, we need to mandate minimum regulations for prevention. We should also look into policy support for small businesses."


ZIEN recently analyzed vulnerabilities in nine types of Korean and international vehicle dashcam firmware.


CEO Cho said, "As a result of researching vulnerabilities in nine types of domestic and foreign black boxes, we discovered about 30 vulnerabilities in just two months. Most of the vulnerabilities were at a level that could take control of the device, and if the vulnerability becomes a gateway to breach control device security vulnerabilities, it could lead to vehicle takeover or paralysis. We plan to present these issues at the global hacking conference DEFCON in August."




Source : ETNews