Financial Services Industry Banks on Imprivata for Converged Identity And Access Management

Momentum Continues as Financial Services Customers Make OneSign Their Choice for Strong Authentication Management, Single Sign-on and Physical/Logical Convergence

LEXINGTON, MA - August 11, 2008— Imprivata®, Inc., the converged authentication and access management company, today announced its continued strong momentum in the financial services industry. So far in 2008 alone, an increasing number of leading banks, credit unions and other financial institutions of all sizes, from across the globe including Commercial Bank of Dubai, KfW Bankengruppe, Montecito Bank & Trust, Norwood Cooperative Bank, Banque Saudi Fransi and Verity Credit Union have selected the OneSign® appliance platform to reduce the potential for insider threat and adhere to government risk and compliance mandates, all while helping to deliver optimum employee productivity.

News Facts
Financial services organizations face a number of password security and strong authentication compliance requirements and ongoing threats of data breaches from inside-based sources, which according to Carnegie Mellon/CERT, accounts for 75 percent of all fraud and theft.

  • Imprivata’s non-invasive, appliance-based authentication and access management platform, One Sign, helps financial institutions enforce secure and compliant employee access to networks and applications.
  • OneSign, delivers single sign-on, strong authentication, and location-based authentication through physical and logical convergence while enabling customers to monitor, track and report on employee access events all from one location.
  • OneSign increases user productivity and satisfaction while reducing passwords and dramatically lowering help desk costs resulting from forgotten passwords.

Webinar - Safeguarding Financial Enterprise Information Assets
For additional information regarding authentication and access management issues in the financial services sector, check out a recent Webinar Imprivata hosted in conjunction with BankInfoSecurity.com.

  • The Webinar examines how in a business environment, where 75% of all fraud and theft is perpetrated by trusted employees, enforcing and monitoring employee access to information assets is critical.
  • The Webinar features Geoff Hogan, senior vice president, business development & product management/marketing at Imprivata, and can be accessed here.

Links

Quote attributed to Jon Wu, system engineer at Verity Credit Union
“Imprivata’s Single Sign-On solution has tremendously improved our employees’ productivity. Without the need to remember an extensive list of passwords, SSO has allowed us to focus on more important matters, such as the financial needs of our members. Employees quoted that SSO is truly a great addition and quite possibly one of the most pure technical enhancements ever.”

Quote attributed to Omar Hussain, president and CEO of Imprivata
“Recent breaches have sparked heightened urgency within the financial services industry to protect vital company data. With a proven and enduring track record of success, businesses continue to turn to OneSign to prevent unauthorized access to the key financial information of their customers. The ability to simply monitor and report on what data was accessed by whom, when and from where is mandatory for financial institutions that are entrusted to protect their clients’ data as well as their own brands.”

About Imprivata

Imprivata is the converged authentication and access management company. Its OneSign platform helps organizations safeguard enterprise information assets by enabling secure employee access to networks and applications—improving user productivity and convenience, while reducing the time, risk and cost of complying with data privacy and protection regulations. OneSign has received top ratings in product reviews throughout the industry and has been awarded numerous accolades from leading publications including Information Security, InfoWorld and SC Magazine. Headquartered in Lexington, Mass., Imprivata is one of the fastest growing IAM companies with more than 575 customers and over 200 partners around the world.For more information, visit http://www.imprivata.com.

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Imprivata is a registered trademark of Imprivata, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

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