Entrust Security Solutions — Winter 2008

Banks Realize Importance of Layered Security Solutions

Financial institutions tasked with securing the sensitive assets and digital identities of customers have a daunting mission. The key to accomplishing your objectives? Select a trusted vendor that helped solve specific security challenges of actual organizations.

As real-world examples of how layered security can solve the sometimes complex security challenges faced by financial institution, Entrust presents a trio of recent implementations that support the use of a trusted security advisor.

In the past few months, Entrust has procured security agreements with three international banking institutions: Chile-based Banco Santander, Indonesia's PT Bank Mandiri and Banco Central del Ecuador in South America.

One organization, Banco Central del Ecuador, elected to deploy three components of the Entrust layered security model — Entrust TruePass for zero-footprint public key infrastructure (PKI) capabilities; Entrust GetAccess for Web single sign-on (SSO); and the Entrust IdentityGuard versatile authentication platform for a range of strong authentication capabilities.

In contrast, the Hong Kong branch of PT Bank Mandiri, one of Indonesia's largest financial institutions, also deployed Entrust IdentityGuard (remote access two-factor authentication), but also implemented the Entrust Entelligence Group Share network folder encryption solution to transparently and automatically encrypt sensitive corporate resources.

Finally, Banco Santander, the world's 12th-largest bank, actually increased their Entrust IdentityGuard grid authentication deployment to more than 500,000 customers. Part of the Santander Group, one of the largest financial groups in the world, Banco Santander originally considered third-party one-time-passcode (OTP) hardware tokens, which would have been far too expensive for their customers. As an easy-to-deploy, cost-efficient authenticator, the "Superclave" grid card was the perfect choice.

Financial institutions across the globe continue to realize the cost benefit of implementing components of Entrust's layered security approach — regardless if for enterprise security or consumer protection. And as the security needs of the organizations' grow over time, Entrust's seamless, interoperable solutions evolve to help overcome a myriad of security challenges.