Versasec Joins Swedish Association of Small and Medium Size Enterprises in Defense and Security
FOR IMMEDIATE RELEASE
STOCKHOLM, SWEDEN – September 24, 2018
Versasec Joins Swedish Association of Small and Medium Size Enterprises in Defense and Security
SME-D is an association for companies based in Sweden with less than 250 employees engaged in defense and security. With deep as well as broad competence and experience in defense, security and engineering matters, SME-D companies all have leading positions in their markets. The association, founded in 2003, has more than 30 members with a total of several hundred employees engaged in the high-tech defense and security sector. SME-D is an accepted dialogue partner for government agencies.
“The board of SME-D has unanimously decided to welcome Versasec as a member of SME-D,” Magnus Sjöland, the chairman of the board at SME-D. “Versasec meets all of the requirements for joining our industry association, and is a serious player in the Defense and Security field.”
SME-D member companies work both as prime and support contractors to government agencies and as partners, co-contractors and sub-contractors to other companies in the domestic and international defense and security areas, as illustrated in the figure.
About Versasec
Versasec makes enterprises more secure with cybersecurity solutions empowered by hardware-based cryptography. By focusing on user credentials that enable… Versasec’s flagship product, vSEC:CMS, helps companies of all sizes easily deploy and manage virtual and physical smarts cards, tokens, RFID and other PKI credentials throughout their lifecycle. Software developed by Versasec is available for on-prem and private clouds or as managed services (SaaS).
Versasec has offices in Sweden, USA, Germany, France, UAE, United Kingdom, Malaysia and Egypt. It is headquartered in Stockholm. Its customers enjoy first-class support, maintenance, and training. In addition to a variety of government agencies around the globe, Versasec’s customers include HSBC, IMF, eBay, Northrop Grumman, EDAG, Hornbach, Raiffeisen Bank, SPGroup, Sunrise Regional Health, Banque Du Liban, Swiss Mobiliar, Cleveland Clinic, SERCO, KNPC and Sandia National Labs.
Versasec’s products and services are available worldwide through an extensive reseller network and via the Versasec web site: https://versasec.com
Follow Versasec on LinkedIn (@versasec), Twitter (@versasec), and Facebook (@versasec).
vSEC:CMS
Our product suite provides all the software tools to administrate and manage credentials in a secure and convenient way.
Free Product Trial
Versasec provides enabling IT security products centered on the usage of security devices such as smart cards. Our solutions enable customers to securely authenticate, issue and manage user credentials more cost effectively. Get a free product trial.
Job Openings
We are always looking for new exceptional persons to join our team! Find out more about our job openings.
Versasec Support
Versasec customers with an existing support and maintenance contract can access the Versasec Support Portal, offering extensive professional support and… The Versasec Support Portal offers a variety of services, allowing for customers and any site visitor to communicate directly with support engineers.
Company Blog
Our blog addresses the latest security trends and stories. The posts discuss how identity and access management are playing a larger role in keeping corporate data safe as well as brand reputations intact.
Versasec Unanimously Selected for SME-D
Versasec Unanimously Selected for SME-D
Date: 2018-09-24
Author: Anders Adolfsson
We began our business in Stockholm more than 10 years ago, and it’s remained an important geographic market for our identity and access management solutions. Through the years, we’ve built up an impressive business in government, defense and security and have grown that business by 50 percent this year alone.
That’s why we were honored by our unanimous selection to the Swedish Association of Small- and Medium-Size Enterprises in Defense and Security (SME-D). SME-D aligns with our mission to bring high-quality identity and access management security solutions to the Swedish high-tech defense and security section. Read more about our collaboration in our latest news release, and reach out to us to learn more about our defense security solutions around the globe.
Tags: government, two-factor, authentication, cybersecurity, security.
vSEC:CMS
Our product suite provides all the software tools to administrate and manage credentials in a secure and convenient way.
Free Product Trial
Versasec provides enabling IT security products centered on the usage of security devices such as smart cards. Our solutions enable customers to securely authenticate, issue and manage user credentials more cost effectively. Get a free product trial.
Job Openings
We are always looking for new exceptional persons to join our team! Find out more about our job openings.
Versasec Support
Versasec customers with an existing support and maintenance contract can access the Versasec Support Portal, offering extensive professional support and… The Versasec Support Portal offers a variety of services, allowing for customers and any site visitor to communicate directly with support engineers.
Company Blog
Our blog addresses the latest security trends and stories. The posts discuss how identity and access management are playing a larger role in keeping corporate data safe as well as brand reputations intact.
Temporary Passwords Results in Serious Customer Data Breach for Westpac
Temporary Passwords Results in Serious Customer Data Breach for Westpac
Date: 2018-09-19
Author: Joakim Thorén, CEO
It seems like companies will never learn. Passwords continue to be the culprit of data breaches, especially temporary password-only security measures. ABC reported Westpac is the latest banking organization to suffer a temporary password only breach.
And while data breaches are generated by outside hackers, the Westpac breach was caused by an employee, who accessed the temporary passwords and handed them over to a mortgage broker.
In a serious breach of data privacy, the mortgage broker gained direct access to 80 personal bank accounts of Westpac customers. The former Westpac employee reset passwords of customers and provided these temporary reset password to employees of the mortgage broker group.
And there within lies the problem – temporary passwords. First and foremost, employees should not have clearance to access customer’s temporary passwords and pass them on to another organization. Secondly, customers should be leery of temporary passwords and immediately reset them to avoid these types of privacy violations from occurring. And thirdly, organizations must monitor their employee access by limiting access to customer accounts.
Organizations should use strong two-factor authentication and identity and access management tools to limit employee exposure to sensitive customer data. Strong IAM solutions like our vSEC:CMS solution help companies manage the lifecycle of employee virtual and physical smart cards throughout the employment cycle from orientation to employment termination.
Banking customers should ask their institutions if they are using multi-factor authentication and management to ensure customer data is private and secure.
Tags: password, iam, two-factor, authentication, cybersecurity, cybercrime.
vSEC:CMS
Our product suite provides all the software tools to administrate and manage credentials in a secure and convenient way.
Free Product Trial
Versasec provides enabling IT security products centered on the usage of security devices such as smart cards. Our solutions enable customers to securely authenticate, issue and manage user credentials more cost effectively. Get a free product trial.
Job Openings
We are always looking for new exceptional persons to join our team! Find out more about our job openings.
Versasec Support
Versasec customers with an existing support and maintenance contract can access the Versasec Support Portal, offering extensive professional support and… The Versasec Support Portal offers a variety of services, allowing for customers and any site visitor to communicate directly with support engineers.
Company Blog
Our blog addresses the latest security trends and stories. The posts discuss how identity and access management are playing a larger role in keeping corporate data safe as well as brand reputations intact.
