LONDON - Unisys, the worldwide information technology solutions company, today announced a strategic software and services agreement with Prevx, an internet security company, to help organisations reduce the risks they face from cyber crime.
Unisys is partnering with Prevx in the UK to sell the Prevx 3.0 Banking and Finance and Prevx 3.0 Enterprise technologies to commercial, banking and public sector organisations. Prevx is included in the recently published Gartner Magic Quadrant for Endpoint Protection Platforms and Unisys will be the first solutions provider in the banking and finance sector to promote and deliver these powerful solutions to address the growing concerns of Internet banking fraud.
According to the Banking Code, banks are liable for any funds lost by a customer through cyber crime unless they can prove that the victim did not take ‘reasonable’ care to protect their personal details. Banks previously have been forced to offer mainstream security products to their customers at discounted prices — which can be costly, time consuming and legally contentious.
Prevx eCommerce security products are heterogeneous applications that work in tandem with existing anti-virus technology to detect and counter new infections, one third of which are not currently caught by the market’s leading security products. By overcoming proprietary incompatibilities with other anti-virus products, Prevx technology can enhance the efficacy of third-party security products.
Prevx 3.0 can help financial institutions protect their customers more effectively. The product is one of the most discreet malware solutions available and takes only a few seconds to download. By detecting changes in the PC and offering a real-time view of the risk factors, banks and eCommerce companies can establish, configure and manage an online banking session. Unlike existing anti-virus software, Prevx 3.0 also has a proven track record in identifying and quarantining low-level, high-volume attacks.
Robert Chapman, Head of Global Outsourcing and Infrastructure Services for Unisys UK, commented: “Unisys and Prevx will be a powerful combination in the battle against cyber crime. The sheer size of the cyber threat facing industry and Government can appear overwhelming. More than 50 percent of PC’s have one or more critical weaknesses that increase the risk that they will be infected by a virus. Also, the imperative to bolster our defences is even more clear when you consider that the world’s top 10 leading banks collectively provide Internet banking services to more than 60 million customers; some government and military agencies are individually responsible for several million PCs; and many large enterprises have 50,000 or more systems. We’re proud to stand with Prevx at the vanguard of this offensive against cyber crime.”
Mel Morris, CEO at Prevx, added: “Unisys has been deeply involved in the security of UK financial services industry for more than 100 years and is the backbone of front and back-offices for most of the financial institutions of this country. Signing this deal gives us unrivalled access to global financial organisations worldwide. With Unisys’ track record in the field of managed services and Prevx 3.0’s intelligence-led approach, we’ve reached a key milestone in our industry’s ability to safeguard customer identity and financial assets.”
About Unisys
Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centres, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 27,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.
About Prevx
Prevx is acknowledged as the pioneer of security intelligence based cyber security solutions utilising cloud based technology and automated malware research since 2004. Prevx 3.0 products provide a powerful incremental level of protection for Banks, large Enterprise, Ecommerce, Government, Military, SMBs and Consumers. Prevx is an employee owned corporation with a strong passion for fighting cyber crime. For more details visit the Prevx web site at www.prevx.com
About the Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Contact: +44(0)1332-916170. Lisa Grimshaw Marketing Director Prevx Ltd. info@prevx.com
Source: Unisys and Prevx
Contact: +44(0)1332-916170. Lisa Grimshaw, Marketing Director, Prevx Ltd., info at prevx.com.
Related Press Releases
MoD Selects Roke for Advanced Manpack Electronic Warfare ProgrammeSeptember 7th, 2009 LONDON - The UK MoD has awarded the Project SEER UOR contract to Roke Manor Research Ltd (Roke) to provide the next-generation Land Electronic Warfare (EW) Manpack programme for British Land Forces. The Roke solution is based on its state-of-the-art MOTS, 'RESOLVE' EW Manpack product, which incorporates a fully integrated range of Roke sensors, antennas and software applications.
IT Partnership Secures Three Year National Scottish Police ContractAugust 11th, 2009 LONDON - A partnership of leading IT service companies, led by Buying Solutions Prime Contractor Infotech Enterprises and consortium partners GGP Systems and Infoshare, have successfully bid for a competitive Tender issued by the Association of Chief Police Officers in Scotland (ACPOS), to provide a centralised address gazetteer for police services across Scotland. Lothian and Borders Police, who are representing the eight Scottish Police Forces and the Scottish Police Services Authority (SPSA), are overseeing the implementation of the contract, which will see the creation, implementation and use of a definitive national location gazetteer together with Gazetteer Management Software and Web Services throughout police services in Scotland.
Unite Accuses Diageo of Being 'Drunk' on Greed as Scotland's Workers March to Save JobsJuly 24th, 2009 LONDON and GLASGOW, Scotland -
On Sunday 26th July, Unite the union, will lead thousands of people from across Scotland in a march to defend Diageo jobs and the nation's whisky heritage. The march through the centre of Kilmarnock will unite ordinary people across Scotland who are outraged by Diageo's cold-hearted dismissal of a workforce which has built their worldwide reputation as it pursues ever-greater profits.
US Government Places 6,1 Million USD Orders Related to Precise Match-on-Card(TM) for Cyber Security ProgramsJuly 8th, 2009 LUND, Sweden and WASHINGTON DC - Precise Biometrics has been awarded orders worth more than 6,1 million US dollar to supply fingerprint readers and software to the US Government, as a step in continued deployment of Precise Match-on-Card(TM) in multiple agencies. Delivery will start immediately and the order will be delivered and invoiced before end of 2009.
Next Development of SMARAGD - The Anti-Finance Crime SuiteJuly 6th, 2009 STUTTGART, Germany -
- All-in-one Solution for Combating Financial Crime
- Focuses on an All-Round, Risk-Based Approach
- SMARAGD MDS Monitoring & Detection System Supersedes S/Research
With its new SMARAGD Anti-Finance Crime Suite, Cellent Finance Solutions AG has bundled the solutions from the SMARAGD range into an integrated, all-in-one package for combating financial crime. This new development was realized in line with international standards and European legislation based on an holistic, risk-based approach.
Frost & Sullivan Looks at Biometrics Advancement in Civil Security: Exploring Opportunities for Today and BeyondJune 29th, 2009 LONDON -
- Frost & Sullivan to Host Analyst Briefing on Biometrics Advancement in Civil Security on Tuesday, 7 July 2009 at 16.00 BST
Governments across the globe are looking for new and sophisticated technologies to combat rising crime and terrorism. Recent advancements in biometric technology provides early warning support and enables government forces and agencies to protect and detect potential terrorist threats and criminal activities, rather than responding to attacks.
Prevx 3.0 Awarded Editors' Choice by PCMag.comMay 17th, 2009 DERBY, England - In Tests PCMag.com Stated That Prevx 3.0 Detected More Threats Than Other Products and Overall Scored Better Than Signature-Based Competition
Prevx is pleased to announce that its latest anti-malware product Prevx 3.0 has been awarded Editor's choice by PCMag.com after a review last week. The full review can be viewed at www.pcmag.com/article2/0,2817,2346861,00.asp.
Prevx Included in 2009 Magic Quadrant for Endpoint Protection PlatformsMay 17th, 2009 DERBY, England - Cyber Security company Prevx today announces its position as a niche player in the highly-respected Gartner Magic Quadrant for Endpoint Protection Platforms. The quadrant is prepared over some time and evaluates a variety of criteria, taking into account a vendor's ability to execute, alongside their overall completeness of vision.
TSCP Executives Speak at Defence IT ConferenceMarch 30th, 2009 LONDON - Join Panel of Experts to Discuss 'Information Services and
Infrastructure'
Wayne Grundy, Transglobal Secure Collaboration Program (TSCP) director,
and Philippe Laflandre, TSCP vice chairman and head of secure information
management programme at EADS, will discuss the progress made towards
effective and secure information sharing at the 2nd annual Defence IT
conference in London. As cyber security threats continue to rise, the imperative to secure
information shared between government and commercial organisations in the
course of doing business grows.
Agent Logic Announces Multi-INT Analyst Solution to Bridge the Gap Between Cyber Threat Data and Traditional Intelligence SourcesMarch 25th, 2009 VIENNA, Virginia - Using its flagship product RulePoint(R), Agent Logic provides
non-technical cyber analysts with a real-time multi-INT operational view of
cyber threats
Agent Logic today announced the availability of its new multi-INT cyber
threat analysis solution based on its award-winning RulePoint software. The
solution represents yet another innovation for the Company, using its Complex
Event Processing (CEP) capabilities to deliver real-time intelligence to
non-technical staff while bridging the gap between cyber threat information
and traditional sources of intelligence.
Related News
Unisys to cut 1,300 jobsDecember 22nd, 2008 WASHINGTON - US-based IT consulting and solutions major Unisys Corp has announced that it will cut around 1,300 jobs globally as part of the company's cost-cutting measures. Unisys is exploring a wide range of cost-reduction options 'to reduce its annual cost structure by more than $225 million', a company statement said Monday.
Day-long workshop in Kerala to fight cyber crimes against womenJuly 29th, 2009 THIRUVANANTHAPURAM - The Kerala government will host a day-long workshop Aug 1 to find ways and means to tackle cyber crimes against women, state Social Welfare Minister P.K. Sreemathi said here Wednesday.
Standard & Poor's raises rating on $400 million Unisys senior note offerJuly 6th, 2009 S&P raises rating on $400M Unisys note offerNEW YORK — Standard & Poor's Ratings Services said Monday it has raised its rating on Blue Bell, Pa.-based technology services provider Unisys Corp.'s $400 million senior notes due 2012 to B from CC and removed it from CreditWatch. The ratings agency also affirmed the B rating on the company's $300 million senior notes due March 2010.
Taliban forcibly recruiting young men to fight against army in SwatMay 20th, 2009 LAHORE - The Taliban is forcibly recruiting young men and training them to fight against the army. A young Taliban operative arrested by security personnel from the Mata tehsil region of the Swat Valley has disclosed that the outlawed unit is recruiting teenagers in large numbers to fight against the military in the ongoing operation in the Valley.
Pentagon says more money, people needed to defend and wage cyber warfareMay 9th, 2009 Pentagon girds for cyber warfareWASHINGTON — Cyber espionage and attacks from well-funded nations or terror groups are the biggest threats to the military's computer networks, a top officer said Thursday. Air Force Gen.
Pentagon says more money, people needed to defend and wage cyber warfareMay 9th, 2009 Pentagon wants to beef up for cyber warfareWASHINGTON — Cyber espionage and attacks from well-funded nations or terror groups are the biggest threats to the military's computer networks, a top officer said Thursday. Air Force Gen.
Feds give Homeland Security OK to retain up to 1,000 new cyber security expertsOctober 1st, 2009 Homeland Security to hire cyber expertsWASHINGTON — The Obama administration has given a green light to the Department of Homeland Security to hire up to 1,000 new cyber experts over the next three years, the first major personnel move to fulfill its vow to bolster security of the nation's computer networks. The announcement follows a wave of cyber attacks on federal agencies, including a July assault that knocked government Web sites off the Internet and earlier intrusions into the country's electrical grid.
London Olympics could face cyber attack: David BlunkettApril 27th, 2009 LONDON - Former Home Secretary David Blunkett is likely to warn the Gordon Brown Government that the 2012 Olympic games in London could face a cyber attack. Terrorists could use sophisticated hacking to trigger the "complete meltdown" of computer and communications systems or disrupt ticketing, accommodation and transport arrangements, Blunkett will say in a speech to an information security conference, The Telegraph said.
Indian defence establishment gears up to thwart cyber threatAugust 23rd, 2009 NEW DELHI - Facing mounting attacks from the virtual world, the Indian defence establishment is now gearing up for cyber warfare. Officials working in South Block, where the Indian defence ministry is located, have been receiving mails from fake email identities (IDs) on a regular basis that is aimed at hacking into its computer systems.
Obama's Day: Obama to address cyber security, attend FEMA hurricane preparedness meetingMay 29th, 2009 Cyber security, FEMA meeting on Obama's agendaWASHINGTON — President Barack Obama is to address a 21st century defense threat — protecting the nation against a cyber attack. Obama is scheduled to deliver remarks Friday morning on how the government plans to better secure the nation's computer infrastructure.
