KUALA LUMPUR: XOX Bhd has signed an agreement with Nexion to explore a deployment of next generation cyber security systems in Malaysia.
Nexion, listed on the Hong Kong Stock Exchange's Gem Board, is a cyber security software company, handling various aspects of cyber security including anti malware, anti-phishing and data protection.
In a statement today, XOX said both parties planned to jointly provide Software as a Service (SaaS) models to individuals, small and medium enterprises (SMEs) and enterprises in Malaysia.
The partnership will see technical exchanges between the parties on cyber security, data preservation and retention, cyber intelligence and machine learning, all of which can be applied directly into XOX's embedded sim technology.
As part of the digital transformation wave that is hitting the marketplace, alongside XOX's recent partnership with microfinancing and Alipay, XOX with a subscriber base of 2.2 million would be facing a variety of challenges in terms of cyber security, it said.
XOX said the pact would strengthen its capability to provide fast, secure and robust services to all its subscribers and provide a platform to adopt enterprise level businesses.
"All businesses and organisations need to digitally transform, in order to keep pace with the current environment.
"With 5G on the horizon, encouraging massive data transfers at high speed, the need for cyber security and reliability of networks becomes paramount," said XOX executive director Roy Ho.
Source: https://www.nst.com.my/business/2020/09/625364/xox-hong-kong-based-nexion-pact-deploy-cybersecurity-solutions