Fighting Ransomware and Data Breaches... Up to 3.6 Million Won in Security Support

The Gyeonggi Economy & Science Promotion Agency (hereinafter, GESCA) will support small and medium-sized enterprises in the province with up to 3.6 million won in implementation costs for cloud-based security services (SECaaS) in response to cyber threats.

The project is overseen by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), with GESCA's Gyeonggi Information Protection Support Center participating as the regional implementing body. Applications for participating enterprises will be accepted until the end of November.

In a situation where securing information protection capabilities for enterprises has become increasingly important, the core of GESCA's support is to enable companies to utilize necessary security functions against cyber threats such as ransomware, supply chain attacks, and personal data breaches without having to build their own security infrastructure.

To receive support for security service implementation costs, enterprises must be small or medium-sized businesses located in Gyeonggi Province as defined in Article 2 of the "Regulations on Small and Medium-Sized Enterprises," with priority given to those holding personal information and those in sectors such as AI, virtual reality/metaverse, and manufacturing.

Selected enterprises will receive support for up to 80% of the cloud-based security service implementation costs based on the supplier's price, with a maximum of 3.6 million won per company. Enterprises will be responsible for covering 20% of the supplier price and value-added tax.

"Cybersecurity is now an essential element for stable corporate management and sustainable growth of enterprises," said Kim Hyun-gon, president of GESCA. "We will expand support to help small and medium-sized enterprises in the province proactively respond to cyber threats and build a secure digital business environment."