“Single Connect makes it possible for us to have full visibility into the activities of network operations and administration personnel, in the bank and within our own team, ensuring only privileged users are able to access the voice trading system.”
NEW YORK (PRWEB) October 17, 2017
Krontech (KRONT.IS), a leader in network Access Control Systems, announced today it has been selected by Market Communications, a full-service technology solutions and services provider, to support privileged access management through the adoption of Krontech’s Single Connect software.
Market Communications serves large global banks, including their trading and compliance organizations, offering network engineering, systems development, network operations and network management services enabling the transformation of networks to support cloud computing, communications and applications.
Headquartered in New York City, the Market Communications team is actively embedding Single Connect into their solutions, supporting, for example, the voice trading systems for a major global bank.
“Single Connect makes it possible for us to have full visibility into the activities of network operations and administration personnel, in the bank and within our own team, ensuring only privileged users are able to access the voice trading system,” said Michael Sheehan, EVP at Market Communications. “Real time voice trading systems are mission critical, and require continual uptime and optimal performance,” Sheehan continued. “Any accidental reconfiguration can cause havoc, and with the Single Connect software now part of our own solution, we are able to automate and control activities, with full record and alerts set up by us and our clients based on policy. We’re delighted with the improvements to productivity and security made possible.”
Single Connect is a Privileged Access Management tool providing secured, centralized and automated management of passwords for administrative, service and application accounts, and the enforcement of policies. The solution includes controlled access to shared accounts, management and monitoring of privileged sessions, commands and actions in real time, and recording and reporting for compliance and audit. The software is Linux-based and easily integrates into existing management platforms, like Market Communications’, pre-integrated with the most popular email and messaging business applications.
"It’s been an honor to work with the Market Communications team and their clients,” said Osman Erkan, CEO of Krontech. “Given increasing amounts of activities on networks, the transformation of those networks, and the growing concern over cybersecurity breaches, having a PAM solution in place is evidence of a deep commitment to ensuring services are running efficiently, and communications and applications are not interrupted. Market Communications can bring this solution to any and all of their customers wishing to simplify privileged access account management, leverage automation to synchronize active directories, and ensuring security for the most mission critical, dynamic business applications, including voice trading systems.”
Krontech is a software company established in 2007, and produces and integrates advanced technology software in the fields of Access Control Systems, Network Packet Brokerage, Streaming Analytics, Fast Data & Real Time Data Processing, and Next-generation Security and Audit. With cost-efficient, flexible, and tailored solutions, Krontech is a respected and proven partner, supporting many Tier-1 telecom service providers and large global enterprises. Krontech's North American operations are headquartered in New York City with research and development facilities in Istanbul, and regional sales and support offices in Europe, Middle East and Africa, and Asia Pacific. https://www.krontech.com
Cynthia Artin, Krontech Marketing
About Market Communications
Market Communications was founded in 1998 to provide the financial services industry with innovative solutions that improved the integrity and extended the life of legacy voice trading systems and data networks evolving into a company with a proven, successful record of designing and implementing leading-edge voice communications technology, compliance tools and efficient networks.
We have established a solid network of partners facilitating delivery of VoIP turrets, recording systems, IP PBX’s, and compliance systems and applications: including hosted/cloud and enterprise solutions, voice and data network providers/consultants and BCP. We’re focused on providing the most current, mission-critical technologies for our clients with the drive to lower their total cost of ownership, as well as alternative maintenance service options for legacy voice trading systems. http://www.marketcommunications.net
Michael Sheehan, EVP, Market Communications