Banking Investigate

JSC Norvik Banka Secures Web Applications With Breach Security's WebDefend

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Executive Summary

JSC Norvik Banka was established in April 1992 to serve both consumer and corporate financial clients with banking services that include cash and settlement, lending and acceptance of deposits, and the renting of safe deposit boxes. The bank is based in Latvia and has more than 100 individual branches while providing financial services to more than 100,000 customers. The bank supports the international financial community through online banking technologies. To provide robust online banking options, Norvik Banka invested in two data centers that support more than 150 web applications. While online banking is convenient and improves access to customer account information, an increasing number of serious web-based hacking attacks targeting financial institutions and their online divisions can place the bank's online account access at risk.

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