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Wipro enables Bahraini Saudi Bank achieve BS7799 Certification

  • United Arab Emirates: Thursday, December 15 - 2005 at 11:15
  • PRESS RELEASE

Bahraini Saudi Bank (BSB) has implemented a robust information security management system, upgrading its processes to BS7799 standards.

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BS7799 is the standard for organizations worldwide to manage IT design and control risk for Information Security Policies and assets. With this implementation Bahraini Saudi Bank became the first bank in Bahrain to achieve this certification. The bank utilized the services of Global IT services company, Wipro Limited, to achieve this certification. The project was completed within the scheduled span of 6 months.

Mr. Khalid Shaheen, CEO, Bahraini Saudi Bank, said, "This certification will enhance our internal security processes and maintain international standards with regard to internal controls on information. BS7799 enhances capabilities in various domains such as Policy, Access control, System development, Business continuity planning and Legal Compliance. These capabilities result in better risk assessment and prioritization."

The BS7799 certification provided BSB with well defined and documented security policies, processes and guidelines to preserve the confidentiality, integrity and availability of information at all stages of the information lifecycle. Bahraini Saudi Bank expects this certification to benchmark its information security processes against global standards. The certification will help build credibility and trust among the stakeholders, ensure compliance with relevant regulations, and maintain proactive security management for a comprehensive security culture at all levels in the organization.

"We contacted Wipro for this critical project to build a proactive security response at our bank. Their experience in handling security projects, deep understanding of our business needs, access to appropriate technologies and commitment to see the project through from end to end were instrumental in partnering with them", added Mr. Khalid Shaheen.

Dr. Anurag Srivastava, Vice President, Consulting Services, Wipro Ltd said,

"The objective of this project was to identify the gaps in Bank's Information Security posture and recommend mitigation measures, thus enabling Bahraini Saudi Bank to strengthen its Information Security framework."


The security governance team of Wipro's Consulting Division undertook a phase-wise approach to take Bahraini Saudi Bank up to BS 7799 standards. The scope of engagement in the advisory phase involved risk assessment, gap assessment, risk prioritization, control selection and risk mitigation. The scope of engagement also involved IT audit, vulnerability assessment of OS and applications, patch management and review and update of network architecture. The team of Wipro consultants worked closely with the IT team at BSB during the rollout and implementation phase. This involved conducting training workshops for their staff and advisory during the implementation of policies and procedures. Wipro also extended certification support to the Bank by carrying out pre-assessment exercises and facilitated audit compliance.

"To build a robust information security system at BSB, Wipro deployed its proven framework to ensure protection and an optimum level of assurance for the security controls deployed. Wipro brought consultative experience as well as practitioner experience on the subject," concluded Dr. Srivastava.
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Notes and media contacts

About BSB
Established by an Amiri decree on December 12, 1983, the youngest of the locally incorporated Banks, Bahraini Saudi Bank (B.S.C) was founded with a paid-up capital base of Bahraini Dinars (BD) 20 million equally held between Bahraini and Saudi shareholders.

About Wipro Limited
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com , and www.wipro.co.in

Wipro's forward looking and cautionary statements
Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

For further information, please contact:
Agency Contact:
Prem Ramachandran
ASDA'A Public Relations, Dubai, UAE
Tel: 00 -9714-3344550
Fax: 00 -9714-3344556

Wipro (Bangalore)
Aparna Ramani
Media Relations, Wipro Infotech
Bangalore
Tel: 91-80-28440011

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