Wednesday, February 13, 2008

HDFC Bank Signs Agreement With Symantec

Mumbai: Private sector lender HDFC Bank has inked a $7.4 million, three-year strategic enterprise agreement with Symantec for IT compliance, enterprise security and storage management solutions. Symantec will also give HDFC Bank with consulting and implementation services. The bank has forayed into this deal with Symantec to enhance the security posture, ensure our data are protected and available and help facilitate our compliance and corporate governance programmes.

Symantec will give security and storage solutions and services. Its IT compliance solution will help the bank to automate and standardise processes for compliance with laws, regulations and frameworks, comprising SOX, Basel-II. Symantec Security Information Manager will give HDFC Bank the ability to automate incident management and event correlation across all security devices, network devices, applications, servers, operating systems and databases. The final layer of solution will be focused on protecting critical network endpoints of HDFC Bank with the integrated Symantec Endpoint Protection and Symantec Network Access Control solutions

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