Spanish banking giant BBVA has chosen Telefónica Tech to boost the cybersecurity of its operations on a global scale, covering more than 25 countries in which the bank operates.
The two organisations have also set up a new a new specialised centre in Mexico, which will function as a mirror of BBVA’s existing global cybersecurity centre in Spain. The new centre is expected to be fully operational this month.
With around 200 Telefónica Tech personnel, the two hubs are among “the largest cybersecurity centres in the financial industry”, according to BBVA.
Sergio Fidalgo, BBVA’s global chief information security officer (CISO), says the centres are “unique in the financial industry and represent a new step towards protecting our infrastructures”. The bank’s goal is to be “prepared to respond to all types of attacks”, he adds.
Telefónica Tech has become one of the bank’s “main strategic partners in cybersecurity”, BBVA says.
With the addition to the latest tech offerings that utilise artificial intelligence (AI), it now provides nearly 50 services to BBVA across business and operations, “ranging from solutions for the proactive anticipation of threats, definition of operational tactics, strategies to strengthen BBVA’s resilience or protection for Data Processing Centres (DPCs)”.