Major bank the latest convert to managed security

The European Investment Bank (EIB) has signed a three-year deal with Ubizen for managed security services. The deal is the latest endorsement for the outsourced approach towards security.

Ubizen will provide onsite support as well as the management and monitoring of device security. The move for The EIB is part of a review of its security operations and the result of a decision to consolidate with one vendor.

The move follows that of other banks and major companies who have decided to move the daily fire-fighting and largely commoditised aspects of security outside the organisation. CIOs are realising that spending much of their time managing the firewall and perimeter security detracts from their ability to be useful in the strategic, IT-focused growth of the company.

Ubizen is a subsidiary of Cybertrust. John Holland, general manager EMEA at Cybertrust, said the company is seeing a real swing towards companies outsourcing security operations.

The value of the deal was not disclosed.