The growing adoption of AI across industries and intensifying geopolitical tensions have led to an escalation of cybersecurity threats, fueling demand for robust solutions and digital forensic services. Acer Cyber Security Inc. (ACSI), a Taiwan-based cybersecurity specialist, has seen consistent revenue growth.
During a recent earnings conference call, ACSI President Rex Wu highlighted the company’s strong market position, noting that some customers who initially sought alternative solutions ultimately returned due to the superior services of ACSI. As the fourth quarter is traditionally a busy period in terms of project completions and new contract acquisitions, the company remains optimistic about its future. From January to October 2024, ACSI achieved an increase of 16.55% compared to the same period last year, reaching NT$1.707 billion (US$52.49 million). Wu expects double-digit growth to continue through 2025.
To meet growing demand, ACSI has increased its workforce by 10% since 2023, bringing its team to more than 600 employees. This includes staff dedicated to Security Operations Center (SOC) projects and upcoming Red Team simulation services scheduled to launch in 2025. ACSI also completed a capital increase in the fourth quarter of 2024, bringing its paid-up capital to 222 million from NT dollars to NT. $300 million to meet operational funding needs, according to Wu.
At the same event, ACSI CIO Tung-lin Tsai noted that since September this year, many public and private sector websites in Taiwan have been targeted by Distributed Denial of Service (DDoS) attacks. . In response, the Ministry of Digital has activated a common cybersecurity defense system in collaboration with national security agencies. The month of October was marked by new attacks against large publicly traded companies.
Tsai explained that DDoS attacks fall into two main categories: flooding-based attacks and resource depletion attacks. Recent incidents have focused on the latter, targeting TCP Syn connections to exhaust server resources or overwhelm systems with massive HTTP(s) requests, leading to service interruptions.
ACSI Vice President of Technology CY Huang noted that Taiwan’s unique geopolitical challenges result in higher frequency and more diverse types of cyberattacks compared to other regions. As global cybersecurity platforms often lack the localization to meet Taiwan’s specific needs, ACSI leverages local threat intelligence to provide tailored solutions.
Advancing AI capabilities, Huang revealed that ACSI is developing AI-based cybersecurity technologies to counter AI-generated threats. Innovations include automated attack path simulation, malicious activity detection, and enhanced website security systems like WebGuard. Previously, cybersecurity incident investigations could take several days, but now, thanks to AI, these processes can be completed within hours.
Looking ahead, Huang also said ACSI is testing its proprietary web security system and plans to release a lite version for small and medium-sized businesses (SMEs). This will allow businesses with limited cybersecurity resources to access the benefits of AI-enhanced protection.
