Global Financial Services Company Selects Ubizen As Managed Security Services Provider
Ubizen, the principal provider of Managed Security Solutions (MSS) for global businesses, has announced that Credit Suisse has awarded Ubizen a three-year contract for Ubizen OnlineGuardian managed security services. Credit Suisse Group is a leading global financial services company headquartered in Zurich, Switzerland. Ubizen OnlineGuardian services will monitor the Intrusion Detection Systems (IDS) that secure Credit Suisse’s IT infrastructure. Ubizen will work with its local Swiss partner ComProSec to set up the services.
IDS are widely used to detect inappropriate, incorrect, or anomalous activity. They apply statistical anomaly and pattern-matching detection techniques to identify malicious traffic passing over a network or accessing a system. IDS complement traditional security controls such as firewalls, virtual private networks and anti-virus systems. Although highly effective, IDS tend to generate a significant amount of so-called false positives, meaning that legitimate traffic is mistakenly marked as malicious.
“Monitoring and tuning a network of Intrusion Detection Systems requires a lot of expertise, specialised technology and efficient operations that all need to be available around the clock,” said Ralph Holbein, chief information security officer at Credit Suisse. “That is why we decided to look for a managed security services partner. After a thorough selection process, we chose Ubizen for the quality of its Ubizen OnlineGuardian services, its experience in monitoring complex IDS networks and its flexibility in tailoring its solution to our specific needs, such as compliance to cross-border data transfer regulation.”
“We are very pleased that Credit Suisse selected our Managed Security Services for this exciting project,” said Jan De Blauwe, Ubizen’s financial services vice president. “Throughout the entire selection process, Credit Suisse was very clear about the expected service levels and the solid processes and procedures to back those up, which demonstrates the maturity of its security organisation. This allowed us to design a solution that both blends well with their existing in-house security competencies and processes and that in addition takes into account the Swiss data privacy rules.”
Ubizen OnlineGuardian services have been earning the trust of large global enterprises since 1997. These proactive, worldwide, 24x7x365 services include the management, monitoring and support of critical network and application-level security components, backed by rigorous Service Level Agreements (SLAs). Ubizen OnlineGuardian services cover a wide range of security tools – including today’s existing best-of-breed firewalls, network intrusion detection systems (NIDS), certificates and virtual private networks (VPNs) – and are scalable from one to thousands of devices. Among Ubizen’s customers in the financial services sector are ABN-AMRO, Banca Lombarda, Bank Negara Malaysia, Egg, Fortis, JP Morgan Chase, KBC Securities, KBL and Thomson Financial.
About Credit Suisse
Credit Suisse Group is a leading global financial services company headquartered in Zurich. It provides private clients and small and medium-sized companies with private banking and financial advisory services, and pension and insurance solutions from Winterthur. In the area of investment banking, it serves global institutional, corporate, government and individual clients in its role as a financial intermediary. Credit Suisse Group’s registered shares (CSGN) are listed in Switzerland and in the form of American Depositary Shares (CSR) in New York. The Group employs around 60,000 staff worldwide. As of March 31, 2004, it reported assets under management of CHF 1,241.3 billion.
Ubizen is the principal provider of Managed Security Solutions for global businesses. Companies rely on Ubizen OnlineGuardian(r) services to manage, monitor and support security devices 24x7x365. Ubizen’s Professional Services complement Ubizen OnlineGuardian managed services, by helping enterprises plan and implement security policies and infrastructures. Ubizen is also pioneering solutions for Application Security. For more information visit www.ubizen.com.