Dublin-headquartered Waratek in IT security deal with Deutsche Bank

By October 1, 2014 September 5th, 2017 News

Silicon Republic | John Kennedy writes:

SAN FRANCISCO – Dublin-headquartered tech company Waratek has won a key deal with Deutsche Bank to deliver security to its legacy IT infrastructure by putting real-time security inside the Java Virtual Machine.

The deal was announced during the Oracle OpenWorld/JavaOne event in San Francisco this week.

The company’s technology has been dubbed RASP (Run-Time Application Self Protection) by analyst firm Gartner. It can detect and block application logic (i.e. SQL Injection), unpatched vulnerability and network layer attacks in Java apps.

Gartner believes this new approach – placing security monitoring and enforcement inside the application – will eventually be commonplace.

Hussein Badakhchani, vice president Lead Domain Architect (Global Technology) at Deutsche Bank explained to Siliconrepublic.com: “We sponsored the Fintech programme and all we had to do was mentor start-ups and give them experience of how we worked. But what we saw with Waratek impressed us greatly and we immediately wanted to take it further.

“We saw that their use of technology was novel and innovative. The core value for Deutsche Bank was that it allowed us to be innovative and secure legacy applications.

“Waratek’s technology means we will be able to deliver mitigate the risks of maintaining legacy IT systems, which can’t be easily done.”

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