In a significant advancement for Cambodia's cybersecurity infrastructure, CYFIRMA has officially certified Technovage Solution as a Managed Security Service Provider (MSSP), equipping the company with powerful external threat landscape management capabilities through the DeCYFIR platform.

The announcement was made during an exclusive industry event held at the FairField by Marriott Hotel in Phnom Penh on March 7, where cybersecurity leaders gathered to discuss the evolving threat landscape facing Cambodia's financial and business sectors.

Cambodia's Cybersecurity Landscape: CYFIRMA's DeCYFIR Platform Addresses Growing Threats

The March 7 ETLM event at FairField by Marriott marked a watershed moment for Cambodia's cybersecurity ecosystem. Industry leaders, government officials, and security professionals witnessed CYFIRMA's formal recognition of Technovage Solution as its newest Managed Security Service Provider (MSSP), a strategic move set to revolutionise threat management capabilities for Cambodian businesses facing increasingly sophisticated cyber threats.

“Today's threat landscape in Cambodia has evolved dramatically, with state-sponsored actors, cybercriminal syndicates and hacktivists specifically targeting your banking and financial institutions,” said Dr. Saurab Lal, President - Cyber Research & Customer Success of CYFIRMA, during his keynote address.

“Our analysis shows a significant increase in targeted attacks against Cambodian organisations in the past year alone, making partnerships like this essential for national security,” he added.

Growing Threats to Cambodia

The event highlighted alarming statistics about Cambodia's vulnerability, with CYFIRMA's threat intelligence team identifying specific threats targeting Cambodian banks and financial institutions in the past couple of years alone. 

These threats included sophisticated phishing campaigns, ransomware attacks and advanced persistent threats specifically designed to exploit vulnerabilities in local infrastructure.

Participants learned how regional threat actors have begun focusing on Cambodia's rapidly digitising economy, with many attacks leveraging social engineering tactics customised to local contexts and languages to maximize effectiveness

DeCYFIR's Cutting-Edge Capabilities

The certification gives Technovage Solution full access to CYFIRMA's flagship DeCYFIR platform, which combines AI-powered analytics with human intelligence to provide multi-layered threat visibility. 

Live demonstrations at the event showcased DeCYFIR's ability to monitor the deep and dark web for threats, provide early warning of potential attacks, and offer actionable intelligence specific to Cambodia's threat environment.

“What makes DeCYFIR particularly valuable for the Cambodian market is its contextual intelligence capabilities," explained Dr. VongSokha, CEO of Technovage Solution.

“The platform doesn't just identify threats – it prioritises them based on specific relevance to Cambodian industries and provides actionable mitigation strategies,” he continued.

The MSSP certification represents a significant enhancement to Cambodia's External Threat Landscape Management (ETLM) capabilities, particularly for the Banking, Financial Services and Insurance (BFSI) sector, which has been identified as the most targeted industry in the country.

Representatives from major Cambodian banks in attendance expressed optimism about the partnership, noting that the sophistication of attacks has outpaced traditional security measures.

Impact for Cambodian Industries - The certification provides Cambodian organisations access to enterprise-grade threat intelligence previously available only to larger international firms.

For the BFSI sector specifically, the partnership enables compliance with increasingly stringent regulatory requirements while providing early warning of emerging threats. 

Real-Time Threat Intelligence - DeCYFIR's platform monitors threats across 1,500+ hacker forums, 200+ dark web channels and 150+ million sources to provide Cambodian businesses with comprehensive visibility into potential attacks before they materialise. 

Local Expertise, Global Intelligence - The partnership combines Technovage's deep understanding of Cambodia's business environment with CYFIRMA's global threat intelligence network, creating a powerful security ecosystem tailored to local needs.

As Cambodia continues its rapid digital transformation, particularly in e-commerce, digital banking and fintech, the CYFIRMA-Technovage partnership represents a timely enhancement to the country's cybersecurity infrastructure. 

The event concluded with a panel discussion featuring cybersecurity leaders from Technovage and CYFIRMA, all emphasising the critical importance of proactive threat intelligence in preventing costly breaches. 

With cyber attacks against Cambodian organisations estimated to have caused over millions in damages in 2024 alone, the new MSSP certification positions Technovage Solution as a crucial player in Cambodia's ongoing battle against evolving cyber threats.