Lotte Innovate said on Tuesday it will work with Thales to expand its AI security business.

Lotte Innovate plans to combine Thales web application and API security technology with its security monitoring capabilities to strengthen its response system against intelligent cyber attacks. It also plans to accelerate its push into the external security market through new commercial services.

Earlier, Lotte Innovate signed a memorandum of understanding with Thales at its Seoul headquarters on Oct. 28.

The partnership focuses on cooperation on Imperva web application and API protection (WAAP) solutions to respond to newly emerging threats such as AI-powered attacks and automated attacks.

Lotte Innovate will pursue expanding application security across all Lotte affiliates by linking AI-based web security technology with its security monitoring platform. It will also advance intelligent attack detection and response systems, commercialise integrated security service offerings, and establish joint marketing and business strategies to secure new customers.

Thales has provided solutions that protect key systems and data for companies and government agencies based on technologies such as artificial intelligence and cybersecurity. It acquired cybersecurity company Imperva in December 2023 and built an integrated security portfolio spanning web application firewalls, API security and data protection.

Lotte Innovate plans to roll out an AI premium security monitoring service in November and expand the service to new corporate customers.

A Lotte Innovate official said the growing adoption of AI is making cyber threats more intelligent, increasing the importance of integrated detection, analysis and response capabilities beyond individual security solutions. The official said the company will combine Thales global security technology with Lotte Innovate's security monitoring capabilities to offer differentiated services and strengthen the growth foundation for its AI security business by expanding external customers.