XOX partners with HK’s Nexion for cyber security systems

PETALING JAYA: XOX Bhd has entered into a provisional technology partnership agreement with Hong Kong-listed Nexion Technologies Ltd to establish a long-term strategic partnership that will explore the deployment of next generation cyber security systems across XOX’s customer base and networks.

According to its Bursa disclosure, under the agreement Nexion will supply its equipment and system to XOX for the cybersecurity risk and susceptible to data breaches, malware attack and phishing exposed by digital transformation.

Meanwhile, XOX will assist the company to operate software-as-a-service (SaaS) platform to provide integrated services to individuals and enterprises in Malaysia and the two will cooperate on operating a sharing economy clearing payment platform through SaaS system in Malaysia and other countries.

It revealed that the partnership will see technical exchanges between the two parties on cyber security, data preservation and retention, cyber intelligence and machine learning, which can be applied directly into the group’s embedded sim technology.

XOX’s executive director, Roy Ho commented with 5G on the horizon, encouraging massive data transfers at high speed, the need for cyber security and reliability of networks becomes paramount.

“We believe a strategic partnership with Nexion will enable us to stay ahead of the competition, providing a secure network addressing any major cyber security concerns in this new era.”