Shares of Genians, which provides security software for corporate networks and individual devices, jumped 26.76 percent to 18,330 won as of 10:55 a.m. on the KOSDAQ, after rising as much as 28.56 percent to an intraday high of 18,590 won. SANDS Lab, which specializes in analyzing cyber threats using AI and big data, climbed 12.38 percent to 4,585 won, after surging as much as 26.72 percent to 5,170 won.
The rally followed an open letter published Thursday on the website of OpenAI, the U.S. artificial intelligence company behind ChatGPT, and signed by more than 100 companies and organizations, including Anthropic, Google, Microsoft, Amazon Web Services and Oracle. Cybersecurity firms including CrowdStrike and Palo Alto Networks also joined the initiative.
The letter called for companies to strengthen existing security tools with AI, continuously test their defenses against emerging threats and share information on cyberattacks. It also urged governments to give hospitals, water utilities and other critical services greater access to AI-powered security tools and support.
The push for stronger AI-based defenses put a spotlight on domestic cybersecurity companies with technologies used to protect networks, devices and systems from attacks.
Genians is a cybersecurity software company that helps businesses control access to corporate networks and protect devices connected to them. Its products include network access control, zero-trust network access, which requires users and devices to be verified before they can access a network, and endpoint detection and response systems.
The company serves more than 5,000 customers across sectors including government, finance and manufacturing.
The firm has also examined how hackers are adopting AI. Earlier this month, it reported that North Korean hacking group Kimsuky was using AI tools and exploring ways to use them to develop malware, analyze data and automate parts of cyberattacks.
SANDS Lab focuses on cyber threat intelligence, using AI and big data to collect and analyze information on malware and hacking attempts. Its technology is designed to help identify new malware and previously unknown attack methods.
It is also a member of the Cyber Threat Alliance, an international cybersecurity group whose members share threat information to help detect and respond to attacks.
AJP Takeaways
• Genians shares jumped 26.76 percent to 18,330 won as of 10:55 a.m. Friday, while SANDS Lab rose 12.38 percent to 4,585 won.
• More than 100 companies and organizations, including OpenAI, Google, Microsoft and major cybersecurity firms, warned that AI-powered cyberattacks could become more widespread and sophisticated in the coming months.
• Genians provides network and device security software, while SANDS Lab uses AI and big data to analyze cyber threats and identify new malware and attack methods.
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