Merrill Lynch has signed a global, multi-year contract for managed security services with California-based digital ID firm VeriSign.
David Bauer, chief information security and privacy officer for Merrill Lynch says the firm will leverage VeriSign's expertise in security monitoring, network intelligence and management to ensure the privacy and integrity of customer information.
It's understood that VeriSign will take over responsibility for firewalls and intrusion detection monitoring at Merrill, providing the firm with contextual data on general Internet and specific network attacks.
"We chose to work with VeriSign because of its powerful event correlation tools, industry leading service level agreements and expert security engineers," says Bauer.
The UK's Lloyds TSB recently struck a similar deal to outsource Internet intruder detection to Unisys.