Press Releases

Everspin Signs Security Solution Supply Contract with Indonesian Railway Corporation

2025.01.13

AI security company Everspin announced that it has signed a mobile security solution supply contract with Indonesia's largest transportation public enterprise PT. KERETA API INDONESIA (Indonesian Railway Corporation, hereafter KAI), In earnest entering the Southeast Asian public infrastructure market. Through this contract, Everspin will supply its mobile hacking prevention solution 'Eversafe Mobile' to KAI's official mobile app. KAI provides an integrated mobility platform app for its nation's railway users, offering train reservations, real-time operation info, mobile payments, meal ordering, and travel package purchases. Eversafe Mobile is a solution applied with MTD (Moving Target Defense) technology, which infinitely generates hacking prevention security modules so that a new security code operates every day. Everspin's MTD technology is a verified technology that has obtained patents in 11 major countries including the U.S., Europe, and Japan. Unlike existing security solutions that use fixed security codes, it changes security codes in real-time to fundamentally prevent hacker analysis. Everspin's phishing prevention solution 'FakeFinder' is also scheduled to be implemented by KAI within the year. FakeFinder is the domestic market share leader and protects customers from phishing at ▲KB Kookmin Bank ▲Kakao Bank ▲NH Nonghyup Bank ▲Samsung Card ▲Samsung Fire & Marine Insurance ▲Korea Investment & Securities ▲Shinhan Investment & Securities ▲SBI Savings Bank ▲Hanwha General Insurance. Everspin has already proven its technical prowess in the Indonesian financial market. Major financial institutions such as Jago Bank (Southeast Asia's largest internet bank), Mandiri Bank (state-owned), and Bank DKI (Jakarta provincial government) have implemented Everspin's security solutions. This contract with KAI is significant as Everspin has expanded its business domain from the financial industry to public infrastructure based on its verified technology. Cooperation with KAI, which handles the primary transportation of 270 million people, is expected to be a strategic stepping stone for future entry into the Southeast Asian public infrastructure market. Based on its success in Indonesia and the partnership signed with South African company Afriko last year, Everspin is actively beginning to target markets across the African continent including finance, energy, and public institutions. Everspin plans to accelerate its overseas business expansion based on these strengthened global references. Meanwhile, Indonesia is actively promoting digital transformation of public infrastructure as part of its 'Making Indonesia 4.0' policy. KAI, which is preparing for the opening of the Jakarta-Bandung high-speed railway, is focusing on advancing digital services, leading to an even higher importance for mobile app security.