The Security of Internet Banking for Legal Entities at Platinum Bank Received High Appraisal
In the course of security audit, the internet banking system for legal entities “iFOBS” demonstrated a high level of protection against various kinds of attacks aimed at illegally obtaining clients’ information.
The testing was carried out in order to find potential vulnerability spots of the system, such as: unauthorized access to clients’ information and processing failure of critical system services. As key vulnerabilities were targeted the vulnerabilities of WEB-applications and data transfer protocols. The experts also paid attention to the peculiarities of client password info storage, tested for errors in configurations of software and general system environment.
The company “Group-IB”, the Russian market leader in computer crime investigation, was invited as an external expert.
“In remote management of bank accounts, the issue of interactive client service system security is of utmost importance. The clients must be 100% sure, that their confidential information cannot be illegally obtained and used against them. This is exactly why it is so important for us to have a high protection level, proved by the “Group-IB” experts as a result of “iFOBS” system testing. Our legal entity clientele received one more evidence of the remote services’ security and high quality of Platinum Bank services”, - comments Sergey Popov, Chief IT Officer with Platinum Bank.
As of today, the “iFOBS” system is successfully functioning in 50 banks of Ukraine and in 9 insurance companies.
“Our system of internet banking – “iFOBS” – demonstrated a high level of protection from unauthorized information access as well as from other kinds of attacks, - marked Igor Babchenko, Director with “CS” company (Ukraine). – While taking care of improving functionality and user-friendliness, we never forget about the most important thing: ensuring secure remote operations with finances.”
NOTE TO EDITORS:
This system was developed for the banks which aim at providing the most efficient communication channels for their clients, as well as for the banks which constantly expand the range of services, offering clients more and more comfortable conditions for receiving information and purchasing banking products.
The company “CS”
The company “CS” has been working in the IT-market for over 15 years and it specializes in development, implementation, integrated support and evolution of automation systems for banks and insurance companies. Nowadays, “CS” is the leader amongst Ukrainian developers of banking software and it is the only banking software developer in Ukraine with the status of Oracle Platinum Partner. “CS” is the developer of “B2” automated banking system and “iFOBS” system of interactive client service.
Founded in 2003, the international company “Group-IB” is the leader of Russian market in computer crime investigation and it provides a full range of services in investigating computer crimes – from first response service to post-incident consulting. The company has a laboratory, focused on computer forensic science and malware research, which provides the service of independent computer examination to clients, among which are the law-enforcement agencies in Russia.
Platinum Bank (www.platinumbank.com.ua) – is a specialized retail bank, which since 2005 has been offering deposit and loan products for individuals through a network of branches and points of sale across Ukraine. Major shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund, bank management and IFC (World Bank subsidiary).
Platinum Bank won the nomination for “Best retail bank” in “Ukrainian Banker Awards 2011” rating (“Investgazeta”).
Greg Krasnov, Chief Executive Officer with Platinum Bank, received the award “Financier of the year — 2011” within the national awards rating “Person of the year — 2011”.
For Your Reference:
Platinum Bank is one of the biggest players in the national banking system. It belongs to the 1st Group of Banks according to the rating of the National Bank of Ukraine (over 0.5% of assets of the Banking System of Ukraine). Its regional network includes 69 branches and 1080 points of sales in various regions of Ukraine.
One of the top strategic priorities of Platinum Bank is transactional business. In 2016 Platinum Bank became one of the leaders in crediting for individuals among Ukrainian banks. It is also one of the annual leaders on the market in consumer credit segment.
Also, Platinum Bank is actively working on its Digital Bank project. Among others, it actively develops its pay.ptclick.com.ua platform and Platinum Lab – a lab of financial innovations.
At the same time Platinum Bank actively engages more and more corporate clients, first and foremost in distribution and IT business.
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