Chennai: Utimaco, a provider of IT security solutions, and AGS Transact Technologies Limited (AGSTTL), a provider of cash and digital payment solutions and automation technology, have entered into a partnership to support organisations in providing the ‘highest level of security’ to their payment and automation solutions.
The partnership marks AGSTTL’s foray into cybersecurity solutions which will be offered on hosted model as well as on ‘sales’ model.
“Financial services and insurance companies make particularly attractive targets for hackers and digital criminals of all types. According to the Boston Consulting Group, Banking Financial Services and Insurance industries firms are three hundred times more likely than other institutions to experience a cyberattack,” said a statement.