DnB NOR known for strong security, strengthens commitment to protect
DALLAS, July 29 /CNW/ -- DnB NOR, the largest financial institution in
Norway, is one of the region's few financial services organizations that has
not suffered significant loss from identity theft or related fraud. To elevate
that standard, prevent fraud and protect the identities of customers online,
DnB NOR aligned their comprehensive security strategy with Entrust, Inc.
(Nasdaq: ENTU) and the zero-touch fraud detection component of the Entrust
Risk-based Authentication Solution.
"Our organization's goal was to implement a seamless fraud detection
strategy that wouldn't require invasive integration with back-end applications
-- this solution enabled us to do just that," said Sofie Nystrom, Chief
Information Security Officer at DnB NOR. "The fact that we could keep all of
our data in-house -- versus shipping it offsite -- was an important
capability. This initiative perfectly aligns with our strong commitment to
online security for our customers."
As key components of the Entrust Risk-based Authentication Solution, DnB
NOR will leverage the real-time fraud detection and historical analysis
capabilities of Entrust. These tools, coupled with critical data from the
Entrust Open Fraud Intelligence Network (OFIN), help protect consumer online
transactions from fraud. These capabilities enable organizations to collect
data to help identify current and future potential fraud attacks before they
happen -- all in real-time.
With total assets of more than $308 billion (USD), DnB NOR serves more
than 2.5 million customers worldwide. The bank will leverage the Entrust
solution -- for more than 1.7 million users -- to protect private-, corporate-
and consumer-banking customers online.
"As one of the largest financial services groups in the Nordic region,
DnB NOR had a high security standard for their customers, shareholders and
brand image," said Entrust Chairman, President and Chief Executive Officer
Bill Conner. "The zero-touch fraud detection capability not only helps meet
their current security objectives, but allows them to study key fraud data to
help prevent fraud attacks in the future and potentially address them before
they even occur. This is a proactive strategy for a financial institution
already known for stringent, yet non-invasive, security solutions and
The Entrust Open Fraud Intelligence Network is an information-sharing
service designed to help combat online fraud by consolidating and sharing key
fraud behavior patterns and data among network participants. It is focused on
providing participating members the latest fraud behaviors and tactics, as
well as key data for helping to detect and combat fraud as it evolves. The
Entrust Open Fraud Intelligence Network is a key component of Entrust's
layered security architecture.
Established as Christiania Sparebank in 1822, DnB NOR [OSE: DNBNOR] is
Norway's largest financial services group with total combined assets of more
than $308 billion (USD). The group's current name stems from a 2003 merger
between Den norske Bank (DnB) and Gjensidige NOR. Today, the group consists of
strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB
NORD and Carlson. Represented in more than 20 countries, DnB NOR services 2.3
million retail customers and 198,000 corporate accounts. The group also
operates Norway's largest Internet banks -- dnbnor.no and postbanken.no -- by
servicing more than 1.4 million users.
Entrust (Nasdaq: ENTU) secures digital identities and information for
consumers, enterprises and governments in more than 1,700 organizations
spanning 60 countries. Leveraging a layered security approach to address
growing risks, Entrust solutions help secure the most common digital identity
and information protection pain points in an organization. These include SSL,
authentication, fraud detection, shared data protection and e-mail security.
For information, call 888-690-2424, e-mail email@example.com or visit
Entrust is a registered trademark of Entrust, Inc. in the United States
and certain other countries. In Canada, Entrust is a registered trademark of
Entrust Limited. All Entrust product names are trademarks or registered
trademarks of Entrust, Inc. or Entrust Limited. All other company and product
names are trademarks or registered trademarks of their respective owners.
For further information:
For further information: Brooke Hamilton, Media Relations of Entrust,
Inc., +1-972-713-5915, firstname.lastname@example.org Web Site: