'Banking Security Technology Forum, 2012' ends

Thakral One, the end-to-end business solution provider for emerging markets, and HID Global, a trusted leader in solutions for the delivery of secure identity solutions, concluded recently. "The Banking Security Technology Forum, 2012". The event was attended by senior executives from across industries, provided the perfect platform to highlight the need for more complex and stronger authentication solutions for organizations looking at not only sustaining but, growing in the current dynamic business environment.

VP and Head, Information Technology, NDB Bank and the key note speaker at the event Sujeewa Dissanayake, said the need for versatile security solutions to ensure secure identities across a wide range of scenarios. The online threat landscape is changing dramatically and in such a scenario, NDB Bank decided to implement two-factor authentication. Sujeewa highlighted the imperative need for such decision as well as discussed the implementation experience at the bank.

Tim Phipps, VP Sales at HID Identity Assurance, APAC shared with the audience how increasingly sophisticated malware attacks can result in the theft or, loss of sensitive information and valuable company assets, as well as cause irreparable damage to an organization's brand and reputation.

Talking about how Active Identity from HID is a way for organizations to add layers of control to ring-fence their key systems and services, and produce an effective end-to-end IT security regime, Tim shared "As the online threat landscape has changed dramatically, banks, governments and enterprises face security challenges both internally and externally that are constantly evolving. ActivIdentity, part of HID Global, is unique in its holistic approach in delivering true multi-faceted authentication. With the 4TRESS(tm) AS Appliance, organizations can effectively deploy a layered risk-based security framework by adding fraud preventive measures in conjunction with two-factor authentication to deliver a best practice security regime."

HID partners with Thakral One to offer identity assurance solutions to banks which follows two-factor authentication and complies with SOX, PCI and other mandates, across channels like the Internet and mobile. The solutions are cost-effective, highly secure and easy to deploy.

Describing Thakral One's commitment to its clients and its partnership with HID, Manish Fitkariwala, Country Manager, Thakral Group Sri Lanka said, "We are delighted to work with HID for extending two-factor authentication and fraud detection services to our clients. Our focus on building the complete infrastructure and end-to-end skill sets, along with the proven methodologies that the HID-Thakral One partnership brings to the table, will enable our customers to innovate and adapt to dynamic market conditions and increasingly complex compliance mandates."

The conference also delved on topics like the importance of optimizing infrastructure, assessing and streamlining processes and, maximizing employee productivity.