Pune, India, Tuesday, September 20, 2011

Bank of India recently won the 'C-Change Enterprise Awards 2011' for 'Best Security Implementation' of STARTOKEN - a secure internet banking technology solution developed by UNIKEN.

StarToken is powered by the REL-ID platform developed by UNIKEN and is based on UNIKEN's patented VPSI (Virtual Private Secure Internet) technology, which offers mutual authentication and military grade encryption.

Bank of India is the first Indian PSU bank to roll out the VPSI solution that not only offers 2FA (two-factor authentication), but also protects customers from cyber fraud, phishing attacks, MITM (Man-in-the-Middle), MITB (man-in-the-browser), Key-loggers, Screen-scrapers, malware, spyware and Trojans. The award was presented to Mr. Pushpinder Singh (CIO, Bank of India) at a ceremony recently organised by Cybermedia India Online Ltd. in Mumbai. For more details, visit http://www.ciol.com/Security/Enterprise-Security/News-Reports/Bank-of-India-wins-security-implementation-crown/153612/0/

Sameer J. Ratolikar, Chief Information Security Officer, Risk Management Department, Bank of India, said "Cyber attacks are getting more sophisticated by the day and frauds related to internet banking and online payment transactions are on the rise across the world. While we continue to educate our customers about what precautions to take, Bank of India wanted to implement an IT solution that could empower our customers to protect their own identity online and be able to do banking safely from any computing device without worrying about security".

Speaking on the occasion, Mr. Ajay Seshadri (Director & Head of Global Sales, UNIKEN) said "In light of the increasing threats to online security and privacy, and as cyber attacks get more sophisticated by the day, customers will view such proactive measures being taken by their banks quite favourably".