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Wincor Nixdorf and Cisco to Provide Banks With Integrated Security Solutions for ATM Networks Worldwide

Posted on: Monday, 21 November 2005, 12:00 CST

Wincor Nixdorf and Cisco have signed a memorandum of understanding on the joint development of an integrated security solution portfolio for self-service networks. The solutions are intended to help banks protect themselves against the growing numbers of attacks on their networks.

The solutions will be developed based on Cisco's Security Agent technology and the ProTect/Enterprise Security Suite from Wincor Nixdorf, combining the powerful strengths and benefits of both. Banks today are prey to growing numbers of unpredictable, unknown attacks on their networks which now make up the majority of network attacks. Virus scanners and firewalls only protect against known network attacks and are unable to help in this instance. The new solutions from Wincor Nixdorf and Cisco make it possible to pre-empt attacks before they are actually carried out.

"With the Cisco Security Agent, you don't have to experience the effects of an attack before you can stop it," said Michael Ganser, Vice President and Managing Director, Cisco Systems Germany. "This is the best example of a new breed of computer security products that take network defence beyond the realm of the current generation of anti-virus protection."

"The synergy behind this potential partnership could change the way retail banks handle security issues not only today but for years to come," said Reinhard Rabenstein, Senior Vice President and Chief Technical Officer, Wincor Nixdorf.

About Cisco

Cisco Systems, Inc. is the worldwide leader in Network Security. Today, networks are an essential part of business, education, government and home communications, and Cisco Internet Protocol-based networking solutions are the foundation of these networks. Today, with more than 34,000 employees worldwide, Cisco remains committed to creating networks that are smarter, thanks to built-in intelligent network services; faster, in their ability to perform at ever-increasing speeds; and more durable, with a generational approach to an evolutionary infrastructure.

Wincor Nixdorf

Wincor Nixdorf is one of the world's leading suppliers of IT solutions to banks (private client banking) and retailers. The company's extensive portfolio, consisting of hardware products, software, consulting, maintenance and other services, is aimed at reducing the cost and complexity of business processes within branch operations at the same time as improving service to the customer. The company has over 6,700 employees and made net sales of EUR 1,74 million last fiscal year. Wincor Nixdorf has a presence in over 90 countries and has its own subsidiaries in 30 of these. In terms of dispatches of automated teller machines (in-house estimates) Wincor Nixdorf is one of the three leading suppliers worldwide. The main production facilities are at corporate head office in Paderborn, Germany, and in Singapore.

Source: Business Wire

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