Leading Financial Institution Chooses Ssh's Privx For Operational Efficiency And Cybersecurity

 
TIDMSSH1V 
 

Helsinki, Finland -- September 22, 2023 -- A leading global financial institution has selected PrivX as its privileged access management (PAM) solution. The customer is one of the largest and most important financial institutions in the world.

This is third major new significant lighthouse customer for PrivX in the USA. The initial contract value is approximately USD 0.25 million of annual recurring subscription revenue (ARR), including professional services. The contract is automatically renewable. Our approach with this customer is following our land-and-expand strategy.

Scalability and Ease of Use

The customer selected PrivX after a thorough evaluation of several leading PAM solutions. PrivX was chosen for its ease of use, scalability, and ability to help the customer eliminate static credentials and improve operational efficiency. Because of PrivX's modern technology, it is also one of the easiest solutions to deploy in large environments. Often, organizations are not https://www.globenewswire.com/Tracker?data=m8wK7XpuEz1pN878Y6lv6Kkxg8qXXgEoEQNneFdTIzXGfTTEd8XRh5VkkGhulUmZlkjkN6JKEDlrbcLP8oQXtT_eitWDgsEdng7qjY-fAfAZ6MFPncyLj5_q7uGAXhrdSr735oaNYK14mYXG8cpQXWiE54KuYJPypBjlkUaVwFs= implementing https://www.globenewswire.com/Tracker?data=ktNtWVQIzBKA1F_ysS8fj6JHzzCI8q2e1nhis__oIKFHc6YKHSXmAb0nIAhDxHyMZj6c7GliEJm8Dd_honAucYCGo0EFYJq-m8OinKscr7cmwIQHNIn-P6ML7d22AOH5Y-MHnD17A1vxBStBEJwbSaOKkapzrYIb2RsVCHpfyQo= PAM comprehensively, leaving some of their privileged user accounts under a risk of being compromised for criminal purposes.

"We are excited to have this leading global financial institution enter their Zero Trust journey with our help," said Dr. Teemu Tunkelo, CEO of SSH. "This organization is a highly demanding customer. PrivX is the most advanced hybrid lean PAM solution on the market."

Benefits of PrivX:

   -- Eliminates static credentials with passwordless authentication and 
      just-in-time access, enabling easy implementation of Zero Trust access 
      management solution. 
 
   -- Easy to use for administrators and users. 
 
   -- Seamless solution for certificate-based access. 
 
   -- Improved operational efficiency through the elimination of "jump 
      servers". 

PrivX is the core of the SSH Zero Trust Suite

PrivX is a modern PAM solution that helps organizations to control and manage access to their critical systems and data. PrivX is the core of our recently launched biometric, credential-less, and borderless solution -- Zero Trust Suite.

Zero Trust Suite combines SSH's proven-in-use communications security products into a modern passwordless, keyless, and borderless solution and further fortifying solutions with quantum-safe cryptography. Borderless means that today, cybersecurity threats are equally significant in internet, extranet, and intranet networks.

https://www.globenewswire.com/Tracker?data=q0oij1XeCB4UJcMmwCWV0dfBZGBRxh2jb8yOBxOunUw0Hp0ecf2dJeYwme3vevEbVQcEk3nuXsOzcqUWFG4dqXbpOShKnMUKW3gr9HdEtK2JdHkPawAZt9jDyiX1RBpTEjWP_rdbj6-mkOEbQTFafw== Learn more about https://www.globenewswire.com/Tracker?data=gTq3iOE1fz45LUH9W5iL21F9BHpQ0ssJbJAtnP-PvkI3o_a2xOzMsaYMBP3i3b4lUMDHcyXdrIT99g7e9h7UjPT8YYzBxCIl431PNUK9gw5ej7j5xpMvKdglx1mQHFuz PrivX

https://www.globenewswire.com/Tracker?data=q0oij1XeCB4UJcMmwCWV0TJcaDZV2tE5FOzavsc7sWlv3d-Fz-lQ4-iN2Mm0PTexppmi3vf08p5xjT1h-vxzh5fx_9cXagMN1Gi3uHgjxMZagwsaNUkthFSvzYwSS_8D3ov7vcJfibVSl9F51OyhQzAj-yrbH99XCBwv03ni3PNeQTFVUFzH5gtlkBrekEPx Learn more about Zero Trust Suite

For further information, please contact:

Teemu Tunkelo, CEO, tel. [phone], email https://www.globenewswire.com/Tracker?data=gZ3BU-oar0kcyLdKepOdXvyIqffyLZShgHVxWeSpyfe3rvQr7O0LuhWJsWjG5K8GBv8HjOHF-e0AK4v9Q5e1DnkowYU4QmOwhtGvkiL3lSk= [e-mail]

Distribution:

Major media

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About SSH

SSH is a defensive cybersecurity company that safeguards communications and access between systems, automated applications, and people. We have 5,000+ customers worldwide, including 40 percent of Fortune 500 companies and major organizations in the Finance, Government, Retail, and Industrial segments. We help our customers secure their business in the age of hybrid cloud and distributed IT and OT infrastructures. Our passwordless and keyless Zero Trust solutions reduce costs and complexity while quantum-safe encryption keeps critical connections future-proof. Our teams and partners in North America, Europe, and Asia ensure customer success. The company's shares (SSH1V) are listed on Nasdaq Helsinki. https://www.globenewswire.com/Tracker?data=BruP0yFdv3GBvZKQ4tutJWmQm9oXKPEa7EYRpjxm_jPRJW2f4shfYSTytI-G5MrGUFhT-yFMb8FVI4xKAEYpUH_DUMXyKDK7mtGVg09uOoVYjx56S_Yf4rPxWUT5EHlQpD7k2HJA7Myos5NMbb7PFErhZPSaBNiQduMk9XmkPxHLBr7REK28I-B_bQo1RZD9btkCCKnW6HFTczBmeW7lB2ibCj4bBsBCB-Ptf1L0bcE= www.ssh.com.

(END) Dow Jones Newswires

September 22, 2023 02:00 ET (06:00 GMT)

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