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ICICI Bank and Paladion Have Been Awarded the Best Banking SecuritySystems...

ICICI Bank and its partner Paladion have been awarded for their implementation of the Best Banking Security Systems Project in Asia Pacific in 2008 by the third Asian Banker IT Implementation Awards Program. The companies received the awards during the prestigious Asian Banker Summit 2009. The ceremony was held at the China World Hotel in Beijing on the evening of May 11th, 2009.

Existing security systems in computerized banking data are vulnerable to breaches, frauds and costly down times due to various malwares and system flaws. Such problems pose challenges to many banks to safeguard their valuable information and operations. In light of these challenges, ICICI Bank and Paladion have developed a new security system to detect and tackle vulnerabilities of the existing system. The project has been successful to prevent financial losses and downtime due to security breaches or fraud, safely speed up the launch of new applications and increase security in transactions.

The implementation, called Enterprise-wide Application Security Assessment Program, possesses strengths in its timeliness and precision to deliver a robust security system. It has been able to identify flaws, conduct comprehensive testing and implement adequate solutions in a short period of time. This is made possible due to efficient workflow, streamlined reporting template and automated scanning tools applied in a singular process system. The new program offers a new competitive edge in security systems development by delivering the project implementation with high degrees of efficiency and precision. With a customized approach to prioritize and categorize applications for various levels of testing, ICCI Bank has been able to optimize its security assessment budget and precisely implement solutions at greater depth.

Paladion'ss (dba Plynt) award winning application security services include Application Risk Assessments, Security Code Reviews (http://www.plynt.com/codereview/), Application Penetration Testing (http://www.plynt.com/application-penetration-testing/) and Plynt Certification (http://www.plynt.com/certification/index.html).

About Paladion:

Paladion (http://www.paladion.net) is a full service information security provider and a leading global player in security testing offering solutions under the Plynt brand. Paladion was founded in 2000 and serves 400+ customers in 15 nations globally. Paladion delivers its services from ISO 27001 security certified facilities and hosts its Security Operations Center (SOC) infrastructure in SAS 70 Type II certified datacenters. Paladion provides a unique technology platform and integrated services framework to actively monitor, reduce and prevent risks on 24x7 basis. www.paladion.net, www.plynt.com

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