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Financial Services Industry Reaps the Benefits of Reliable and Secure Support through Lantronix's Out-of-Band Solutions, According to a Case Study

GlobeNewswire LogoGlobeNewswire1w ago

 Financial Services Industry Reaps the Benefits of Reliable and Secure Support through Lantronix's Out-of-Band Solutions, According to a Case Study - GlobeNewswire

Quick Summary:

The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S.and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission (the "SEC”) on Sept.12, 2023, including in the section entitled "Risk Factors” in Item 1A of Part I of such report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended Dec.31, 2023, filed with the SEC on Feb.8, 2024, including in the section entitled "Risk Factors” in Item 1A of Part II of such report; as well as in our other public filings with the SEC.

Success Highlights: Encrypted management access to remote servers, both in- and out-of-bandGranular, role-based permissioning with port- and command-level authorization controlsLogging and compliance reporting of all user interactions, keystrokes and changesSecure session management, including proper termination of user sessionsCentralized management through Lantronix’s Control CenterOperational with key networks, including the SWIFT Banking System24/7 network support, collaboration on strategic deployment and advanced rule creation Solution: Lantronix LM83X Console Servers With Control Center With unique, dedicated Ethernet connections, Lantronix’s LM38X console servers are used to connect to baseboard management (lights-out) ports to enable primary functions, such as powering on and off the servers.

"Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This media alert contains forward-looking statements within the meaning of federal securities laws, including without limitation statements related to the reliability, security and flexibility of our solutions, technologies and products, including the Out-of-Band product and related services and their deployment and ability to enhance secure automation of critical banking data center and branch infrastructure, help ensure operability with the Swift banking system, and provide necessary technical support services.

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Article Details

Author / Journalist: Lantronix, Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 11:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 932 words

Reading Time: 6 minutes read

Sentences: 24 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 20720942

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 43 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 9 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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