In its pursuit to safe its digital initiatives, Bank of India has determined to increase Uniken’s REL-ID (Relative Identities) Secure Platform to safe its digital and cellular banking channels globally.
A current report that was highlighted within the Rajya Sabha, estimated the variety of frauds at 1,367 in FY17, and a couple of,127 in FY18. In 2019, there have been 1,477 circumstances of ATM/debit card, bank card and web banking frauds. Moreover, cost programs comparable to UPI/IMPS are prone to register common annualised development of over 100 per cent, in line with Reserve Bank of India’s 2021 imaginative and prescient doc. In view of this, RBI has additionally issued some tips as safety and threat mitigation measures for digital funds, and Uniken’s REL-ID ensures RBI and different statutory tips round defending digital banking property with safety options.
Bimal Gandhi, chief govt officer, Uniken Inc mentioned, “Mobile and digital enterprises are constantly exploring options to be ahead of competition by working closely with their customers, partners and employees. Enterprises are enabling seamless access to enterprise applications over the internet and are often inhibited by security considerations of their applications and data. REL-ID is the only solution that organically combines device fingerprinting, app fingerprinting, user identity management, malware detection, multi factor authentication, secure channel and cryptographic digital signing, in a single solution.”
Growth in digitisation has elevated threat of on-line frauds. In view of the altering assault panorama and developments in safety applied sciences (safety protocol/ crypto mechanisms/use of machine studying for scanning non signature primarily based malware), at this time, enterprises (particularly the BFSI sector) are struggling to fulfill what looks as if competing priorities. Customers at the moment are demanding higher engagement, safety and extra performance on the channel of their selection. Meanwhile, enterprises are dealing with an increasing risk panorama that targets their prospects, staff, and significant infrastructure with quickly evolving assaults.
Commenting on the announcement, Rajesh Kumar Ram, General Manager and Chief Information Officer, Bank of India mentioned “Data safety is extraordinarily essential relating to monetary establishments and banks. With Uniken’s world-class risk intelligence and safety resolution, Bank of India has been profitable in holding a zero data-breach file and maintaining with their prospects belief. Over the final 10 years with Uniken, we have now constructed a strong safety round our channels in India and with their reappointment we’re positive to have a tightly secured international counterpart.”
Uniken’s world-class know-how has helped them spearhead the cyber safety house within the nation and likewise win accolades for its buyer first omni-channel safety platform