BWI: Uniken's VPSI Technology Wins Top Award For Bank Of India

Press release from Business Wire India
Source: UNIKEN
Monday, September 26, 2011 12:20 PM IST (06:50 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Defence & security, Financial Analyst, Information technology; Technology
--------------------------------------------------
Uniken's VPSI Technology Wins Top Award For Bank Of India


Pune, Maharashtra, India, Monday, September 26, 2011 -- (Business Wire India) -- Bank of India recently won the 'C-Change Enterprise Awards 2011' for 'Best Security Implementation' of STARTOKEN - a secure internet banking technology solution developed by UNIKEN.

StarToken is powered by the REL-ID platform developed by UNIKEN and is based on UNIKEN's patented VPSI (Virtual Private Secure Internet) technology, which offers mutual authentication and military grade encryption.

Bank of India is the first Indian PSU bank to roll out the VPSI solution that not only offers 2FA (two-factor authentication), but also protects customers from cyber fraud, phishing attacks, MITM (Man-in-the-Middle), MITB (man-in-the-browser), Key-loggers, Screen-scrapers, malware, spyware and Trojans. The award was presented to Mr. Pushpinder Singh (CIO, Bank of India) at a ceremony recently organised by Cybermedia India Online Ltd. in Mumbai.

For more details, visit http://www.ciol.com/Security/Enterprise-Security/News-Reports/Bank-of-India-wins-security-implementation-crown/153612/0/

Sameer J. Ratolikar, Chief Information Security Officer, Risk Management Department, Bank of India, said "Cyber attacks are getting more sophisticated by the day and frauds related to internet banking and online payment transactions are on the rise across the world. While we continue to educate our customers about what precautions to take, Bank of India wanted to implement an IT solution that could empower our customers to protect their own identity online and be able to do banking safely from any computing device without worrying about security".

Speaking on the occasion, Mr. Ajay Seshadri (Director & Head of Global Sales, UNIKEN) said "In light of the increasing threats to online security and privacy, and as cyber attacks get more sophisticated by the day, customers will view such proactive measures being taken by their banks quite favourably".

ABOUT UNIKEN

Uniken is a product and technology innovation company having significant expertise in the areas of Embedded Systems, Internet security and Biometrics. The Uniken Innovation Center has developed cutting-edge technologies, filed multiple patents and recently launched VPSI (Virtual Private Secure Internet) banking technology solution that has been deployed at most of the leading banks in India. Started in 2003 by senior professionals from Infosys, GE, TCS & Motorola, Uniken has recently launched the Innovation Lecture Series in association with CIIE (IIM-A), and runs Research Fellowship Program across campuses.

For more details, visit www.uniken.com

Keywords

Uniken, Bank of India, BOI, StarToken, VPSI, Virtual Private Secure Internet, REL-ID, innovation, technology, security solution, 2FA, two-factor authentication, mutual authentication, encryption, secure internet banking, cyber fraud, phishing attack, Man-in-the-Middle, Man-in-the-Browser, Pushpinder Singh, Sanjay Deshpande, Sameer Ratolikar


CONTACT DETAILS
Mr. Nikhil Khatri, UNIKEN, +91 (22) 9881489689/66427970, nikhil.khatri@uniken.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, DEFENCE, Financial Analyst, IT, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com