Guardforce AI Co., Ltd. (OTC Pink: GRDAF) (“Guardforce AI”), a trusted integrated security solutions provider in Asia, announced two strategic initiatives to bolster its security services and offerings in the region.
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Guardforce AI announced today a partnership agreement with Hong Kong-based penetration testing company Handshake Networking Ltd (“Handshake”) to offer network risk assessment services in the Asia Pacific region, looking to capture new opportunities in the booming market for cybersecurity and managed security services in the region.
As part of the agreement, Guardforce AI will launch GFAI RECON “powered by” Handshake, a dedicated cyber risk assessment service to help small- and medium-sized enterprises (SMEs), corporate clients, schools, hospitals and other companies identify and detect vulnerabilities in their networks.
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Asia Pacific’s cybersecurity market was valued at US$30.5 billion in 2019, and it is expected to register a CAGR of 18.3%, during the period of 2020-2025, according to a report from research firm Mordor Intelligence. Cyber criminals have become increasingly active as companies of all sizes move more and more of their businesses online, forcing SMEs and large corporations alike to dedicate more resources to fight potential online threats.
“Guardforce AI is always looking to identify and partner with strategic technology providers to enhance the security of our established long-standing customer base in Thailand and capitalize on those new relationships to win new customers in Asia Pacific,” said Terence Yap, Chairman of Guardforce AI. “We are continuing to see a converging trend in the physical and cyber world. As such, Guardforce AI will double down its efforts to identify opportunities and develop solutions that will enable us to remain relevant.”
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