May 28 2013 09:00 am

Major Financial Institution Inks Multimillion Dollar Key Management Services Agreement with SSH Communications Security

SSH Communications Security’s Access Control Experts Tapped to Solve Major Compliance and Security Issues

HELSINKI, Finland and WELLESLEY, Mass. -  SSH Communications Security, known the world over as the inventor of the ubiquitous secure shell and SFTP protocols, today announced that a Top 5 global financial institution has placed a multimillion dollar order for its secure shell access control services. The services agreement includes key discovery and remediation as well as deployment of the company’s Universal SSH Key Manager™.

Key Facts:

  • SSH Universal Key Manager is the industry’s only comprehensive secure shell access solution that automates the discovery, management, monitoring and reporting of Secure Shell keys in the network environment, thereby saving time and money while significantly reducing risk
  • Mismanaged secure shell keys expose organizations to compliance issues and severe security risks especially when keys authorizing high levels of administrative privilege are uncontrolled and their use unmonitored
  • Almost all of the Global 2000 companies widely utilize the Secure Shell; yet, based on interviews conducted by SSH with senior IT security leaders, most do not have adequate controls over who has access to what information on their encrypted networks
  • SSH’s access control services secures the network environment by providing centralized control over the creation, rotation and removal of authentication keys while delivering real time security intelligence, policy enforcement and compliance reporting

Supporting Quote:

Matthew McKenna, COO and EVP of global sales and marketing for SSH Communications Security said:

“Major financial institutions today face a multipronged attack from advanced persistent threats (APTs), malicious insiders and heavy fines for failed compliance audits. These risk factors are all magnified when the secure shell environment is not properly managed. This financial institution, one of the biggest in the world, chose our Universal SSH Key Manager solution to bring their Secure Shell environment into compliance with regulations such as SOX and FISMA, as well as to reduce vulnerabilities from improperly managed access controls. With our solution’s unique ability to locate, rotate and remove secure shell keys from a central platform, our customer is achieving new levels of security and compliance while reducing time spent on manual secure shell key management.”

About SSH Communications Security

Founded in 1995, SSH Communications Security is the company that invented the SSH protocol - the gold standard protocol for data-in-transit security solutions. Today, over 3,000 customers across the globe - including seven of the Fortune 10 - trust our Information Assurance Platform to secure the path to their information assets. We enable and enhance business for thousands of customers in multiple industries in the private and public sectors around the world. A fast-growing company, SSH Communications Security operates in the Americas, Europe, and APAC regions, with headquarters located in Helsinki, Finland. The company shares (SSH1V) are quoted on the NASDAQ OMX Helsinki. 

For more information on SSH Communications Security please visit http://www.ssh.com