BSB - Bank Security Booster^®, a project that aims to control risk

Keep insurance costs down and decrease reserves

ABI Banche e Sicurezza / 4-5 June 2015 / Palazzo Altieri, Rome

Bank Security Booster^® uses the Pay As You Risk formula.

Security management in complex organizations, including banks, is evolving continuously. Physical security has today merged with IT security, and it is often hard to make a distinction.

New ideas and new strategies are needed, as the digital world expands, to guarantee the level of security laid down in the regulations, desired by the management and expected by our customers. Our customers take the level of security a bank's services offer and guarantee as a criterion when assessing a bank's image. Security has also become a strategic and marketing factor.

In keeping with these considerations, PRB presented the BSB - Bank Security Booster^® - project (Session D - Standards, tools and solutions for prevention). It is an innovative project which aims to keep the level of risk under control in real time, improve it and decrease the costs of insurance and reserves.

Banks and Security is an ABI (Italian Bankers' Association) Conference on bank security, organized in conjunction with the OSSIF (the ABI Security and Crime Research Centre) and the ABI Lab. It provides an advantaged overview of the banking industry thanks to the institutional and operational involvement.

BSB - Bank Security Booster^®: a project that aims to control risk, keep insurance costs down and decrease reserves.

Antonio Carbonera / Partner - Executive Vice President, PRB

Summary 6'

Full version 18'

Presentation .PDF

Bank Security Booster

The BSB - Bank Security Booster^® project reduces costs and optimizes an important aspect of banks: security. It takes the successful PAYD - Pay As You Drive scheme, tried and tested in the world of third-party liability car insurance, and turns it into PAYR - Pay As You Risk®. The project involves activating a series of hardware and software sensors inside and outside the bank, data collection in an HSM and data processing with complex algorithms in order to calculate a "risk factor”.

PRB has also filed for a patent on the technique they have developed. The project has a very wide scope and will be completed in about three years, in cooperation with four banks belonging to the OSSIF (the ABI Security and Crime Research Centre). It will bring banks and insurance companies the same benefits PAYD has already brought to the automotive industry.