Symantec Secures Financial Data For Victorian Construction Industry
CoINVEST outsources security management for industry
web-based portal
SYDNEY --NSW - September 10, 2003 -- Symantec, the world leader in
Internet security, today announced it has been chosen by CoINVEST Limited to
protect and manage the security of its web-based portal for the Victorian
construction industry. As part of the agreement, Symantec will implement
Symantec ManHunt to perform advanced intrusion detection, real-time threat
analysis, and response, and will manage CoINVEST's security infrastructure
through its global Symantec Managed Security Services facilities in Sydney.
With affiliations nationwide, CoINVEST manages an annual $22 million worth
of long service leave claims and payments for over 124,000 workers and
apprentices, 15,000 employers, and 18,000 contractors who are currently
registered with the organisation.
When CoINVEST chose to streamline its operations through the development of
an industry web portal, it recognised the need for a comprehensive, fully
secure ecommerce infrastructure to ensure the integrity of members' personal
and financial details when making claims or contributions online.
"The security of our members' transactions is crucial to our ecommerce
strategy and we needed to build an infrastructure strong enough to maintain
system integrity no matter what," said Mr Fook Seng Chong, Chief Information
Officer, CoINVEST. "Symantec offered a complete enterprise-wide intrusion
detection solution that guaranteed us full protection across the network,
and matched the technology with a team of experts who are able to remotely
manage our security posture at all times."
As part of its Managed Security Services capabilities, Symantec will manage
and monitor CoINVEST's security environment remotely from its North
Ryde-based Symantec Security Operations Centre (SOC), providing monitoring,
analysis and response from its global team of security experts around the
clock.
"Symantec Managed Security Services will allow CoINVEST to leverage the
experience and vigilance of our security experts in order to protect the
assets of the organisation and its members," said Gavin Lowth, Symantec,
Managed Security Services, Operations Manager, Asia Pacific. "By outsourcing
the management of its security infrastructure to the Symantec SOC, CoINVEST
will effectively minimise its investments in technology and resources while
ensuring its systems are protected from the risk of cyber threats 24x7."
Following a competitive process, CoINVEST decided to implement Symantec
ManHunt, to provide network intrusion detection, real-time analysis and
correlation, and proactive prevention and response to protect enterprise
networks against internal and external intrusions and denial-of-service
attacks.
Symantec ManHunt monitors network traffic at speeds of up to two gigabits
per second on up to six-gigabit interfaces, dependent upon system
configuration. Its multi-layered detection architecture combines protocol
anomaly detection, signature detection, denial-of-service and scan
detection, and IDS evasion detection to accurately and effectively identify
known and unknown attacks.
Symantec's ManHunt provides multiple detection methodologies to detect both
known and unknown attacks, using protocol anomaly detection, custom
signature support, traffic state profiling, and statistical flow analysis to
identify intrusions and denial of service attacks.
"Symantec's ability to provide 24x7x365 monitoring of the ManHunt IDS
implementation, as well as third party solutions, is key to our partnership
as we are confident that we will be alerted to potential risks immediately
and can act proactively rather than reactively," said Mr Fook Seng.
"Symantec has provided a truly integrated solution - the product, consulting
and proactive management necessary to protect ourselves and our customers."
Symantec Managed Security Services
Part of Symantec's Enterprise Security Services, Symantec Managed Security
Services delivers industry leading security monitoring, management, and
response to our clients. Its 24x7 real-time services enhance an
organisation's information security posture through continuous monitoring
and management, expert analysis, and immediate response to potential
security threats. From Symantec's Security Operations Centers (SOCs) around
the world, Symantec Managed Security Services provides flexible,
vendor-neutral offerings to meet a variety of business needs. Symantec
Managed Security Services provides organisations with a real-time view of
their enterprise security posture and the analysis and commentary needed to
adjust defenses against emerging attacks, for optimal protection of
mission-critical assets. For more information, please visit
http://enterprisesecurity.symantec.com/SecurityServices/.
About Symantec
Symantec, the world leader in Internet security technology, provides a broad
range of content and network security software and appliance solutions to
individuals, enterprises and service providers. The company is a leading
provider of client, gateway and server security solutions for virus
protection, firewall and virtual private network, vulnerability management,
intrusion detection, Internet content and e-mail filtering, remote
management technologies and security services to enterprises and service
providers around the world. Symantec's Norton brand of consumer security
products is a leader in worldwide retail sales and industry awards.
Headquartered in Cupertino, Calif., Symantec has worldwide operations in 36
countries. For more information, please visit www.symantec.com.au
NOTE TO EDITORS: Symantec and the Symantec logo are trademarks or registered
trademarks, in the United States and certain other countries, of Symantec
Corporation. Additional company and product names may be trademarks or
registered trademarks of the individual companies and are respectfully
acknowledged.
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