Suhyup Bank selects Thales HSM 8000 to secure its next-generation NEXTRO project
Thales hardware protects customer information and transaction processing from internal and external threats
Thales, leader in information systems and communication security, announces that Suhyup Bank has selected the Thales HSM8000 host security modules to help secure its next-generation NEXTRO project.
“Suhyup Bank’s NEXTRO project aims to establish an improved financial system for the bank and is due for completion in October 2011,” says Ho-Ik Kim, deputy general manager at Suhyup Bank. “The addition of Thales HSM 8000s will provide the powerful cryptographic facilities that are needed to secure our financial transactions. As a result transaction processing and customer card transaction information will be better protected from both internal and external security threats.”
“We are also considering participation in the project being run by the Korea Financial Telecommunications and Clearings Institute (KFTC) to connect to the global ATM network between countries,” continues Kim. “We therefore chose to deploy an HSM that is certified to the international security regulation FIPS 140-2 Level 3. We will continue to work with the relevant companies to ensure that a perfect system can be established so that no problems occur for our customers with overseas transactions.”
Thales HSM 8000 is designed specifically to meet the needs of the payments industry with cryptographic support for the issuance of payment cards and the switching and authorization of transactions. Thales HSM technology has already been adopted by every major card scheme around the world and currently protects more than 70% of the world’s card transactions. Fully compliant with the financial industry’s security audit requirements HSM 8000 is certified to FIPS 140-2 level 3, one of the most widely recognized and stringent security standards.
“It is a pleasure working with organizations such as Suhyup Bank to assist them in achieving their business objectives – secure financial transactions. Thales payment Host Security Modules have been trusted to secure financial transactions for more than 40 years and working with leading financial institutions globally like Suhyup Bank demonstrates our continued leadership in this market. says Franck Greverie, Vice President of the information technology security activities of Thales.”
About Suhyup Bank
- World Class Marine Bank
- Adopting an Advanced Fisheries Finance, Leading Bank in Marine Sector in Northeast Asia
- Securing a Competitive Banking Foundation
- More than 500 units of associations and 3,000 employees.
Notes to editors
The Information Technology Security activities of Thales
Thales is a leading global provider of data encryption solutions to the financial services, high technology manufacturing, government and technology sectors. With a 40-year track record of protecting corporate and government information, Thales solutions are used by four of the five largest energy and aerospace companies, 22 NATO countries, and they secure more than 70 percent of worldwide payment transactions. Thales eSecurity has offices in France, Hong Kong, Norway, United States and the United Kingdom. For more information, visit www.thalesgroup.com/iss.
Thales is a global technology leader for the Defence & Security and the Aerospace & Transport markets. In 2009 the company generated revenues of €12.9 billion, with 68,000 employees in 50 countries. With its 22,500 engineers and researchers Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners. www.thalesgroup.com