Basel II compliance is becoming a global top priority within the financial industry. Introducing capital charge and measure for operational risk, Basel II encourages financial institutions to more actively address operational risk management. While modern financial institutions are fully dependent on data networks and electronic transfer of information, managing information security is becoming a major part of operational risk management within the industry.
With SSH's Information Assurance Platform, financial institutions can encrypt critical file transfers, remote administration connections, and application communications throughout their network, protecting against both internal and external information security risks. By applying confidentiality, integrity, and authentication to data in transit, you can eliminate common network attacks including password sniffing, data eavesdropping, and connection hijacking, reducing the overall level of operational risks. SSH's solutions also provides automated and transparent secure replacement for FTP (File Transfer Protocol), commonly used by banks to automate file transfers. This ensures speedy securing of mission-critical data exchange, with considerably low costs of deployment and maintenance.
Transparent end-to-end application tunneling secures the most mission-critical financial applications according to the corporate data classification principles and operational risk assessment, without having to re-engineer or modify the existing business applications or the end user experience, resulting in the lowest possible cost of securing legacy applications. Centralized security management and auditing allows cost-effective and reliable deployment, maintenance, and monitoring of critical business processes.