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Symantec and IBM offer security for Asia Pacific ATMs

  • 25 August, 2005 13:30

<p>News Release
FOR IMMEDIATE RELEASE</p>
<p>SYMANTEC AND IBM OFFER SECURITY FOR ASIA PACIFIC ATMS</p>
<p>Symantec IP ATM Security Solution Protects IP Automated Teller Machines</p>
<p>Asia Pacific, August 25, 2005 – Symantec Corp. (NASDAQ: SYMC) today announced the availability of Symantec IP ATM Security, a unique security solution that allows banks and financial institutions across Asia Pacific to implement fully protected Internet Protocol (IP) automated teller machines (ATMs).</p>
<p>Financial institutions seeking to comply with new international accords are looking for more cost effective, flexible solutions for their ATM networks and this has resulted in financial institutions throughout the region moving their ATMs from proprietary networks to IP. Without safeguards and key operational risk indicators, these ATMs are susceptible to the same potential threats and vulnerabilities as any other computer connected to a network. Symantec IP ATM Security allows banks to secure and manage IP ATMs, mitigating the risk from malicious threats such as viruses and hacking attacks to provide a safe banking experience for their customers.</p>
<p>Symantec is partnering with IBM Global Services to deliver Symantec IP ATM Security to banks in Asia Pacific. IBM will sell and integrate the solution at banks deploying IP ATMs, and provide them with security policy and compliance assessment and consulting services.
Christopher O’Keefe, business development manager, Financial Services Sector, Asia Pacific, at Symantec says that financial institutions are moving their ATMs to IP for a number of reasons.
“The banks’ customers are demanding extra services and more user-friendly interfaces. IP-based ATMs provide financial institutions more cost savings and creative ways to provide the graphically-based interfaces that customers prefer. However the success of these new services depends upon the level of safety offered to the customer and hence the need for tighter security solutions to safeguard the integrity of the bank’s information and that of its customers. In some countries, smart card technology will be introduced allowing only authenticated users to access accounts linked to that card. This is an additional security measure to help protect customers from phishing and other fraudulent attempts to access bank accounts.
“Additionally Symantec’s IP ATM solution allows devices to be managed as easily as if they were conventional desktop PCs, giving banks scalable networks that are simple to manage and administer.”</p>
<p>The Symantec software solution is suitable for the most commonly deployed ATMs, and complements IBM Global Services’ existing ATM maintenance solution and security services to provide an end-to-end solution to banks. IBM’s security solution encompasses risk assessment and management, compliance checks, infrastructure security, data integrity assessment, and access security. IBM Global Services supplies ATM infrastructure management and security services to more than thirty banks around Asia Pacific. The company taps resources from its five research labs and more than 2,700 dedicated security professionals worldwide to deliver integrated security solutions.
“As technology has advanced, banks have started using their ATMs to do more than dispense money; they now rely on ATMs to offer personalized services, reinforce branding, create new revenue streams and reach new market segments,” said Praveen Chandrashekhar, Security and Privacy Services Executive, IBM Global Services Asia Pacific. “Banks were quick to protect their online banking systems with IT security solutions. Given the increased importance of their ATM networks, we believe that banks introducing IP-enabled ATMs will recognise the urgent need to implement appropriate security solutions.”</p>
<p>The Symantec IP ATM Security Solution provides integrated antivirus, firewall and intrusion detection giving critical end-point security to prevent threats impacting the network and spreading to other machines on the network. This enables organizations to define, measure and report on the compliance of information systems with pre-set corporate security policies, industry-standard security policies, or government regulations and allows organizations to perform a bare-metal recovery in minutes to create real-time backups without disrupting accessibility for customers.</p>
<p>“Symantec customers in the banking and finance industry are already using Symantec solutions to protect their customers and their businesses from information security threats,” says Chris O’Keefe. “Symantec IP ATM Security is a natural extension for both Symantec and IBM to ensure banking and finance organizations in Asia Pacific can continue to provide their customers with secure financial transactions.”</p>
<p>Symantec IP ATM Security is now available for IP ATMs throughout Asia Pacific.</p>
<p>About IBM Global Services
IBM Global Services is the world’s largest information technology services and consulting provider. Some 190,000 professionals in more than 160 countries help clients integrate information technology with business value – from the business transformation and industry expertise of IBM Business Consulting Services to hosting, infrastructure, technology design and training services.  IBM Global Services delivers integrated, flexible and resilient processes – across companies and through business partners – that enable clients to save money and transform their businesses to be more competitive. For more information, visit www.ibm.com/services.</p>
<p>About Symantec
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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<p>NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States.</p>
<p>Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.</p>
<p>For media enquiries please contact:
Antoinette Trovato
Public Relations Manager - Pacific
Symantec
Tel: +61 2 8879 1173 or +61 408 495 337
Email: antoinette_trovato@symantec.com</p>
<p>Fiona Martin
Max Australia
Tel: +612 9954 3492
Email: Fiona.martin@maxaustralia.com.au</p>
<p>Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.</p>

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