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Crossbeam Systems Secures Over One Trillion Online Financial Transactions Per Day

BOXBOROUGH, Mass., July 18 /PRNewswire/ -- Crossbeam Systems(R), Inc., the leader in enterprise and carrier-class Unified Threat Management (UTM) solutions for the world's largest networks, today announced that the leading financial institutions worldwide are relying on its X-Series security switches for intelligent, best-of-breed security services delivery to protect critical data and secure over one trillion online banking and trading transactions daily.

BOXBOROUGH, Mass., July 18 /PRNewswire/ — Crossbeam Systems(R), Inc., the leader in enterprise and carrier-class Unified Threat Management (UTM) solutions for the world's largest networks, today announced that the leading financial institutions worldwide are relying on its X-Series security switches for intelligent, best-of-breed security services delivery to protect critical data and secure over one trillion online banking and trading transactions daily.

Crossbeam's security switches are deployed globally by top financial services organizations, including ABN Amro, Bank Leumi, Capital One, CheckFree, Depositor's Trust Company, Emirates Bank, GE Capital, Guardian Life, H&R Block, ING DiBa, Scottrade, State Farm Bank and The Hartford.

"The financial services industry has emerged as one of the early adopters of high-end UTM switches, which is fitting since the true potential of UTM – as a network architecture for delivering layered security services – is fully realized in large enterprise environments," said Throop Wilder, vice president of marketing at Crossbeam Systems. "Only Crossbeam's UTM solutions provide the intelligence, scalability and high availability necessary to support today's increasingly complex financial services environments."

The need to protect customer data and secure online banking and trading transactions is a top priority for financial services firms, driven by the barrage of cyber attacks aimed at the sector as well as the adoption of new technologies such as Service-Oriented Architectures (SOA), which can expose new threat surfaces. Corporations' traditional approach to safeguarding against these threats has been to add multiple, separate security appliances for antivirus, firewall and intrusion prevention. However, this "appliance bloat" is costly, difficult to manage and significantly degrades the performance and speed of the customer-facing communications systems that form the backbone of today's ecommerce.

Crossbeam financial services customers are removing the complexity associated with traditional appliance-based security environments. Crossbeam allows these firms to radically consolidate security appliances and deliver highly available, intelligent security services when and where they are needed most using the applications of their choice – without compromising on the performance necessary for business-critical online transactions.

"The ability to streamline security services delivery was a key factor in our decision to move to UTM," said Grant Bourzikas, director of Information Security and Business Continuity at Scottrade. "With Crossbeam's industry-leading X-80 UTM switch, we've been able to centralize and simplify our security infrastructure, which has resulted in a 30 percent cost savings over buying and managing separate security appliances."

"The CheckFree network handles over one billion electronic payments annually, so our priority is to ensure that our security architecture can easily scale and handle the evolving requirements for protecting customer data," said Richard Isenberg, director of Security at CheckFree. "CheckFree chose Crossbeam as our UTM switch after an evaluation in which it outperformed the closest competitor by 87 percent. As a result, we have been able to streamline our security processes while maintaining a high level of performance and availability."

Crossbeam's security services switches are failure tolerant and execute best-of-breed applications, including firewall, anti-virus, content management and IDS/IPS. Crossbeam couples best-in-class security applications with its high-performance, purpose-built network security hardware. The end result is massive appliance consolidation, eliminating up to 20 separate devices per Crossbeam security switch, and the ability to build cost-effective, defense-in-depth infrastructures.

About Crossbeam Systems

Crossbeam Systems secures the world's largest networks with its market-leading Unified Threat Management (UTM) solutions. With the industry's only open and extensible security hardware platform that supports best-in-class applications from the leading vendors, Crossbeam provides large enterprises and carriers with unparalleled flexibility, performance and efficiency in securing their networks against constantly evolving threats. Headquartered in Boxborough, Mass., Crossbeam has offices in Europe and Asia Pacific. More information is available at http://www.crossbeamsystems.com

Crossbeam Systems and Crossbeam are registered trademarks of Crossbeam Systems, Inc. All other company, product or service names not owned by Crossbeam mentioned in this press release are the property of their respective owners. Contact: Throop Wilder Mariah Torpey Crossbeam Systems Davies Murphy Group, Inc. (978) 318-7524 (781) 418-2404 throop@crossbeamsystems.com crossbeam@daviesmurphy.com http://www.crossbeamsystems.com http://www.daviesmurphy.com

SOURCE Crossbeam Systems, Inc.

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