Thales Security Modules Chosen by Suhyup Bank

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,” said 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,” Kim added. “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.”

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