Multiple Perspectives on Security

Security Journal

Subscribe to Security Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Security Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Security Journal Authors: Elizabeth White, Yeshim Deniz, Pat Romanski, Maria C. Horton, Liz McMillan

Related Topics: PC Security Journal, Security Journal

News Feed Item

The European Investment Bank Outsources IT Security Management to Cybertrust

History of Professional Services Engagements Key to Winning Trust for Outsourced Security

HERNDON, Va., March 27 /PRNewswire/ -- Cybertrust(R), the global information security specialist, today announced that Ubizen(R), a majority- owned subsidiary of Cybertrust, signed a three year deal extendable to five years with the European Investment Bank (EIB) to serve as the Company's managed security services provider (MSSP). As part of the contract, Cybertrust will provide onsite security engineering consultancy, maintenance and support, and 24x7 monitoring and management services for all of EIB's IT security devices.

The EIB recently embarked on a rationalization of all of its security operations and chose to consolidate with one security partner. Through a public tender process, different vendors were evaluated and Cybertrust was ultimately selected as the company's MSSP. The EIB had originally worked with Cybertrust in 2004 when the company partnered with Entreprise des Postes et Telecommunications to implement and manage the security aspects of EIB's external network.

"Cybertrust is seeing strong growth in the number of companies that are realizing the advantages of consolidated security operations, centralized support and 24 by 7 monitoring and management of security devices by entrusting their security operations to a third party," stated John Holland, Cybertrust senior vice president and general manager, EMEA. "We look forward to partnering with the European Investment Bank to help them proactively prevent attacks and address security threats."

Cybertrust is the recognized world leader of managed security services. For the last 15 years, businesses and governments around the world have depended on Cybertrust to secure their critical data, protect identities and help them demonstrate ongoing compliance. A recent report by industry analysts Ovum highlighted Cybertrust as the leading specialist company in the Managed Security Services (MSS) market; Frost & Sullivan has recognized Cybertrust as the global MSSP market leader for the past two years.

Additional information about Cybertrust's Managed Security Services are available at

About Cybertrust

Cybertrust is the global information security specialist, delivering services that secure critical data, protect identities and help customers demonstrate ongoing compliance. Headquartered in Herndon, Virginia, USA with more than 30 offices around the globe, Cybertrust is one of the world's largest providers of information security and is recognized as the global market leader in managed security services. For more information, visit

About European Investment Bank

The European Investment Bank is the European Union's long term financing institution, with a subscribed capital of EUR 164 billion. Its shareholders are the 25 Member States of the European Union. The EIB finances projects that contribute towards the integration, balanced development and economic and social cohesion of the EU. The EIB also finances projects in EU Acceding and Accession countries, as well as implementing the financial components of agreements concluded under European development aid and cooperation policies. The EIB operates on a non-profit maximising basis and lends at close to the cost of borrowing. The Bank has consistently enjoyed a AAA rating. In 2005, the EIB lent EUR 42.3bn in the EU and EUR 5.1bn in Partners Countries.

Cybertrust 2006. All Rights Reserved.

Cybertrust and Ubizen are registered trademarks of Cybertrust Holdings, Inc. and/or its affiliates and licensors. All other trademarks are property of their respective owners.

Contacts: Laura Wooster Amy Anderson Cybertrust SHIFT Communications 703.480.8535 617.681.1225 [email protected]


CONTACT: Laura Wooster of Cybertrust, +1-703-480-8535,
[email protected]; Amy Anderson of SHIFT Communications,
+1-617-681-1225, [email protected]

Web site:

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.