Press release
A Leading Financial Service Group in Asia Signs a 1.1M USD Multi-Year Agreement for Secure Communications Solutions from SSH
Helsinki, Finland - November 20, 2024 - Highly-regulated financial institutions are required to protect and manage their environment with supported, proper cybersecurity solutions. A major Asian regional bank has relied on SSH Communication Security’s (SSH) renowned solutions, such as Tectia, for secure file transfers, secure remote system administration, encryption, and system automation safeguarding.
The bank has also increased their governance efforts by ensuring proper lifecycle management and automation of SSH keys by acquiring Universal SSH Key Manager for key protection. SSH keys are a common authentication method used to gain access to an encrypted connection between systems.
With this 3-year enterprise agreement, the customer will continue to invest in SSH solutions to secure their critical operations. As part of the agreement, the customer has also started a project to future-proof their connections with quantum-safe encryption from SSH.
Migration to post-quantum cryptography (PQC) is being accelerated by many authorities around the world – including the Monetary Authority of Singapore (MAS). Earlier this year, MAS has published an advisory, urging financial institutions to begin preparing their cryptographic systems for risk posed by quantum computing.
“We are pleased to expand our partnership with the leading bank as we protect their operations and further help them fulfill governance and audit requirements“, said Rami Raulas, Interim CEO of SSH. “The transaction was completed together with DT Asia and Fujitsu as our partners. Working with our partners is key to our future growth in the Asian markets“, Raulas concludes.
Learn more about Tectia here.
Learn more about Universal SSH Key Manager.
For further information
Rami Raulas, Interim CEO, tel. +358 50 331 1741, email rami.raulas@ssh.com
Distribution:
Major media
www.ssh.com
About SSH
SSH is a leading defensive cybersecurity company that secures communications and access for and between humans, systems, and networks. Our customers include a diverse range of enterprises, from multiple Fortune 500 companies to SMBs across various sectors such as Finance, Retail, Industrial, Critical Infrastructure, Healthcare, and Government.
We help our customers secure their business in the hybrid cloud and distributed IT and OT infrastructures. Our biometric, passwordless, and keyless PrivX Zero Trust solutions reduce costs and complexity while quantum-safe encryption keeps critical connections future-proof. Our teams and partners in North America, Europe, and Asia ensure customer success. The company’s shares (SSH1V) are listed on Nasdaq Helsinki. www.ssh.com.
