Major Scandinavian Bank makes New Long-term Investment in Utimaco Safeware Security Solutions
Oberursel, May 13, 2004 – The F?Â¶reningsSparbanken, one of the biggest banking institutions in Scandinavia, has signed a new long term maintenance contract, worth 1.4 million Euros, with Utimaco Safeware. The F?Â¶reningsSparbanken have been using Utimaco’s security solutions across the board, on over 15,000 Windows workplaces, and also Terminal Servers and clients, since 1998. In addition Utimaco has worked together with the Swedish service provider Setec to create the bank’s own security infrastructure (Public Key Infrastructure). With this maintenance contract, which includes services and consulting, Utimaco Safeware will continue to play an essential role in the further development and implementation of the bankÃ‚Â´s security concept.
Utimaco’s SafeGuard Advanced Security is part of the standard equipment on personal computers and terminals/server clients in the bank. The bank uses the security software in combination with user identity cards (smart cards and certificates) to allow users to logon to workstations and the network in an extremely secure and convenient way. In this process, SafeGuard Advanced Security not only checks the user’s identity and access right, but also uses mutual “handshaking” to check the identity of the machines involved. The bank can consequently be certain that only authorised people and authorised machines can logon locally and to the network.
Easy-to-use Single Sign-On automates and simplifies the procedure for logging on to different network resources and reduces the support needed to cover forgotten passwords. In addition the Notebooks of the bank are encrypted by Utimaco SafewareÃ‚Â´s SafeGuard Easy. Further on the F?Â¶reningsSparbanken develop their own independent security solutions based on Utimaco’s extensive cryptography libraries.
“We are pleased with the long-term confidence placed in our security solutions by the F?Â¶reningsSparbanken”, said Martin W??lfert, CEO of Utimaco Safeware AG. “In Europe, Scandinavia is leading the way in introducing new IT and security technologies. We benefit from working together with the F?Â¶reningsSparbanken because they spur us to continue development of our products and solutions, which also helps our other customers world-wide”, said W??lfert.
Utimaco Safeware AG is one of the leading producers of professional IT security solutions. The security technology and solutions developed by Utimaco Safeware protect the electronic data of companies and government bodies against unauthorised access and guarantee that business processes and administrative procedures in the electronic world are binding and confidential.