Yorkshire Building Society Group Selects Unisys Stealth to Secure Customer Data and Achieve PCI Compliance
LONDON, July 25, 2016
Identity-driven segmentation and encryption from Unisys to help leading financial institution protect customer data
Unisys Corporation today announced that its UK subsidiary has been selected by Yorkshire Building Society Group (YBSG), the UK’s second largest building society, to provide its Unisys Stealth® data protection product to secure customer information and facilitate compliance with the new Payment Card Industry Data Security Standards (PCI DSS).
To achieve and maintain PCI compliance, financial institutions need to securely control access to their organizations’ payment card data by only allowing authorized colleagues and technology to process and work with the information.
Under the terms of the five-year agreement, YBSG will use Unisys Stealth to micro-segment its network to create secure communities of interest (COIs), consisting of YBSG colleagues and systems that have been authorized to handle customer data. This protects data transferred across its network from being accessed by unauthorized personnel or people outside the organization, and also limits the scope of PCI audits providing further cost savings.
Unisys Stealth provides YBSG a low-cost, operationally efficient PCI compliance capability designed specifically to protect sensitive customer data and network assets from the ever rising tide of sophisticated cyber-attacks, data breaches and hackers.
“Our key priority is to keep customer information secure, across the organization. Unisys Stealth adds layers of protection, to the other multiple layers of protection we employ, to help protect our most sensitive data and achieve and maintain PCI DSS compliance,” said Stephen Mulley, Head of IT & Change at YBSG.
Tom Patterson, chief trust officer for Unisys, said, “Many older security solutions used by banks and building societies are becoming impractical and expensive to maintain in today’s connected environments. Unisys Stealth is software-based and identity-managed, meaning it’s easy for financial institutions to configure and protect their most sensitive data and achieve PCI DSS compliance efficiently. Additionally, its identity-driven segmentation capabilities work as well in clouds and on mobile, allowing enterprises to overcome issues attached to firewall sprawl that many financial organizations are experiencing.”
Unisys is a global information technology company that works with many of the world’s largest companies and government organizations to solve their most pressing IT and business challenges. Unisys specializes in providing integrated, leading-edge solutions to clients in the government, financial services and commercial markets. With more than 20,000 employees serving clients around the world, Unisys offerings include cloud and infrastructure services, application services, security solutions, and high-end server technology.
About Yorkshire Building Society
Yorkshire Building Society is the second largest building society in the UK. It has 230 branches, 97 agencies and assets of £38.2 billion. It employs 4,600 people and has 3.3 million customers.
The YBS Group includes Yorkshire Building Society and its brands Barnsley Building Society, Chelsea Building Society and Norwich & Peterborough Building Society, and its subsidiary companies including Accord Mortgages.