Mumbai, 24th February 2016Balabit, a leading provider of contextual security technologies, today announced that its recently-introduced Contextual Security IntelligenceTM (CSI) Suite has been named a winner of Banking Frontier’s 2016 Technoviti Awards. Banking Frontier’s annual “Technoviti  2016 –  Futurecrafting  Business  with  Technoruptions” award recognizes technology innovators from around the world who are making a difference in and powering Financial  Services, enabling CIOs and CXOs to take their company to its next level of growth and profitability.

Balabit won Technoviti’s award with its CSI Suite, which brings together the security innovator’s leading system and application Log Management, Privileged User Monitoring and User Behavior Analytics tools into an integrated solution that improves IT security by focusing on the context of user activities. The decision was made by an eminent panel of CIOs, CTOs, IT consultants, and academicians who judged and evaluated technology innovations. TOP 30 applications were studied and out of which 23 companies were honored, including two global vendors: Balabit and Gemalto.

“We are very pleased to receive Technoviti Award 2016 as this is the first time that our technology-leading CSI Suite has been named an award recipient in India. We have worked closely with local partners in the Indian market for several years, and together expanding our presence and impact in the financial, IT and telco and government sectors, which are our key segments. Among our main partners are Kyrah Technolgies, Millenium Safety Technologies and DMX Technologies. These and other Balabit value-added services partners perfectly complement our innovative IT security solutions with their deep knowledge of the local market, helping our clients meet industry and compliance regulations and address the latest IT security challenges of Indian companies,” said Zoltán Györkő, CEO, Balabit.

‘We’ve selected Contextual Security Intelligence Suite as a winner because we recommend Balabit’s technology to be reviewed by financial institutions in India, as it can bring significant improvements to the Financial Services industry when fighting against the latest sophisticated threats and compliance objectives. We are also pleased to see that year-by-year, more global vendors are nominated to the Technoviti award’ – says Mr. Ravi Eppaturi – CTO- LyncBiz Corporation at Technoviti.

For more information about Balabit CSI Suite, visit https://www.balabit.com/contextual-security-intelligence-suite

For more information about Balabit partners, visit https://www.balabit.com/partnership/commercial

Technovity Award Gala, Balabit and its main partners in India

Technovity Award Gala, Balabit and its main partners in India

 

About Technovity Award
Banking Frontiers Technoviti 2016 Awards is a unique platform that helps the BFSI fraternity to understand the technology innovation that can be game changers and at the same time give the innovators a platform to share their innovations with the technology buyers who make the difference. Winners were announced in various streams of technology – hardware, applications, payments and mobile and mobility – including startups and global vendors.
Mr. Vinit Goenka, member of IT Task Force for the Shipping and Transportation sector of the government of India has held the keynote speech at the award ceremony on 5 February 2016 in Mumbai. Vinit had made eloquent contributions to the transformation of the Bharatiya Janata Party through the social media. Over 270 members, including about 100 CIOs CXOs of banks, attended the event along with senior functionaries of the fintech companies.

About Balabit
Balabit – headquartered in Luxembourg – is a leading provider of contextual security technologies with the mission of preventing data breaches without constraining business. Balabit operates globally through a network of local offices across the United States and Europe together with partners.
Balabit’s Contextual Security Intelligence™ Suite protects organizations in real-time from threats posed by the misuse of high risk and privileged accounts. Solutions include reliable system and application Log Management with context-enriched data ingestion, Privileged User Monitoring and User Behavior Analytics. Together they can identify unusual user activities and provide deep visibility into potential threats. Working in conjunction with existing control-based strategies Balabit enables a flexible and people-centric approach to improve security without adding additional barriers to business practices.
Founded in 2000 Balabit has a proven track record including 23 Fortune 100 customers amongst over 1,000,000 corporate users worldwide.
For more information, visit www.balabit.com.