Nanoteq, JSE-listed Comparex Holdings` managed security solutions subsidiary, has completed the development of a network security architecture for Absa that will help the financial service group align with international best practice in the field.
Nanoteq analysed the network security systems and procedures in place at Absa and developed a framework for information security at the financial services group that maps its business processes and needs to network security processes and technologies.
This document outlines what Absa`s ideal network security architecture should look like, as well as detailing what the group can achieve given its human and financial resources constraints.
"Absa selected Nanoteq for the contract because of its combination of security expertise and close understanding of the financial services environment. Information security is a business issue, one that is closely related to risk management. For a bank, which depends on the confidence of its customers, it is of critical importance," says Frik van der Merwe, General Manager: Technology Strategy and Architecture at Absa.
Nanoteq has worked closely with Absa on several other key information security projects. Absa has partnered with Nanoteq for 10 years for the supply of security products and services that secure its Internet banking environment from the user`s front-end right back to the mainframes that run the bank`s core applications.
During this time, Nanoteq has helped Absa to scale up its security infrastructure to cater for explosive growth in the number of Internet banking users.
Says Van der Merwe: "Nanoteq won the Internet banking business because it offered us the best technologies at the right time. Having entrusted Nanoteq with such a mission-critical part of our business that runs 24X7, we were comfortable contracting its services for the drawing up of the network security architecture."
"Nanoteq won this contract from Absa after a long relationship with the bank. We have provided skills-on-demand to Absa on various fronts for some time now, and see this latest deal as a significant extension of the existing relationship," says Nelius Snyman, Nanoteq CEO.
"We view this contract as a particularly significant deal because it reflects Nanoteq`s strengths as a professional services firm that can compete against the security practices of large consulting firms."
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Nanoteq has evolved from a developer of high-level cryptographic products for the most complex military and financial applications to become a global provider of integrated security systems.
Nanoteq provides optimal defence against security risks and electronic crimes in three main areas of business: Government networks and applications, traditional IT security solutions and securing e-business environments.
It does this by delivering strong security solutions that effectively protect any data, voice and video information, secure financial transactions and provide cast-iron security for Internet banking.
Nanoteq is strongly differentiated in the international market through its ability to design and implement complex end-to-end security solutions, its pool of highly skilled people and its rigorously disciplined approach to project management.
Its products and services have been branded into a blueprint concept called KeySecure, which has three focus areas: a Security Health Check, Interactive Solution Engineering and Knowledge Sharing.
The company`s consultancy offering encompasses security architectures and frameworks, security policy review, risk assessment, penetration testing, security awareness programmes and security training and education.
Nanoteq has formed alliances with internationally recognised leaders in the ICT security field including Nokia, Checkpoint, RSA, ISS, Trend and other specialist security providers.
A wholly owned subsidiary of the Comparex group of companies, Nanoteq serves a network of local and global clients from its headquarters in Centurion, near Pretoria.
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