Leading Financial Institution Chooses SSH’s PrivX for Operational Efficiency and Cybersecurity
22 Septembre 2023 - 8:00AM
Leading Financial Institution Chooses SSH’s PrivX for Operational
Efficiency and Cybersecurity
Helsinki, Finland – September
22, 2023 – A leading
global financial institution has selected PrivX as its privileged
access management (PAM) solution. The customer is one of the
largest and most important financial institutions in the world.
This is third major new significant lighthouse customer for
PrivX in the USA. The initial contract value is approximately USD
0.25 million of annual recurring subscription revenue (ARR),
including professional services. The contract is automatically
renewable. Our approach with this customer is following our
land-and-expand strategy.
Scalability and Ease of Use
The customer selected PrivX after a thorough evaluation of
several leading PAM solutions. PrivX was chosen for its ease of
use, scalability, and ability to help the customer eliminate static
credentials and improve operational efficiency. Because of PrivX’s
modern technology, it is also one of the easiest solutions to
deploy in large environments. Often, organizations are not
implementing PAM comprehensively, leaving some of their privileged
user accounts under a risk of being compromised for criminal
purposes.
“We are excited to have this leading global financial
institution enter their Zero Trust journey with our help,” said Dr.
Teemu Tunkelo, CEO of SSH. “This
organization is a highly demanding customer. PrivX is the most
advanced hybrid lean PAM solution on the market.”
Benefits of
PrivX:
- Eliminates static credentials with
passwordless authentication and just-in-time access, enabling easy
implementation of Zero Trust access management solution.
- Easy to use for administrators and
users.
- Seamless solution for
certificate-based access.
- Improved operational efficiency
through the elimination of “jump servers”.
PrivX is the
core of the
SSH Zero Trust Suite
PrivX is a modern PAM solution that helps organizations to
control and manage access to their critical systems and data. PrivX
is the core of our recently launched biometric, credential-less,
and borderless solution – Zero Trust Suite.
Zero Trust Suite combines SSH’s proven-in-use communications
security products into a modern passwordless, keyless, and
borderless solution and further fortifying solutions with
quantum-safe cryptography. Borderless means that today,
cybersecurity threats are equally significant in internet,
extranet, and intranet networks.
Learn more about PrivX
Learn more about Zero Trust Suite
For further information, please contact:Teemu
Tunkelo, CEO, tel. +358 40 5499605,
email Teemu.Tunkelo@ssh.com
Distribution:Major mediawww.ssh.com
About SSHSSH is a defensive cybersecurity
company that safeguards communications and access between systems,
automated applications, and people. We have 5,000+ customers
worldwide, including 40 percent of Fortune 500 companies and major
organizations in the Finance, Government, Retail, and Industrial
segments. We help our customers secure their business in the age of
hybrid cloud and distributed IT and OT infrastructures. Our
passwordless and keyless 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.
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