Symantec (NASDAQ: SYMC) today announced that HDFC Bank, India’s leading global bank has entered into a US$7.4 million, three-year strategic Enterprise Level Agreement with Symantec for IT compliance, enterprise security and storage management solutions. Symantec will also provide HDFC Bank with consulting and implementation services.

“HDFC Bank has been working with Symantec for several years and has confidence in the company as a trusted partner,” said CN Ram, head, information technology, HDFC Bank. “HDFC Bank entered into this deal with Symantec to further enhance the bank’s security posture, ensure our data is protected and available and help facilitate our compliance and corporate governance programs to increase customer confidence.”

HDFC Bank has a network of 754 branches and 1,906 ATMs across 327 towns and cities in India.  Due to exponential data growth and the need to comply with an ever-expanding number of laws and regulations, HDFC expanded its relationship with Symantec to help minimize risk and maximize the efficiency of its IT organization.

“Symantec offers the only unified & automated IT Compliance solution that can provide HDFC Bank coverage across multiple frameworks along with automated evidence collection for not only IT Based controls but more importantly procedural / process based controls,” said G.V. Gopalkrishanan, executive vice president, information technology, HDFC Bank. 

Symantec will provide HDFC with a comprehensive set of security and storage solutions and services:

• Symantec’s IT Compliance Solution will help HDFC Bank automate and standardize processes for compliance with laws, regulations and frameworks including SOX, Basel II, COBIT, ITIL and ISO 27001.
• Symantec Security Information Manager will provide HDFC Bank the ability to automate incident management and event correlation across all security devices, network devices, applications, servers, operating systems and databases.
• Symantec Mail Security and Symantec Database Security solutions will help enable HDFC Bank to secure their messaging environment and protect sensitive information.  The final layer of solution will be focused around protecting critical network endpoints of HDFC Bank with the integrated Symantec Endpoint Protection and Symantec Network Access Control solutions.
• Together, Veritas NetBackup, Veritas Volume Replicator and Veritas Storage Foundation will help HDFC improve efficiency, protect information and minimize server downtime at critical branches of the bank.

“HDFC Bank is committed to ensuring its customers have the confidence that their information and interactions are secure whenever they deal with the bank,” said Vishal Dhupar, managing director India, Symantec. “HDFC’s investment in Symantec products and services will help the company minimize IT risk and maximize the efficiency of its IT infrastructure to reduce costs and improve the delivery of service to its customers.”

Sourced From: 20 : 20 Media Pvt Ltd