TrustDefender And Gulf Business Machines (GBM) Team Up In Anti-Fraud

PRESS RELEASE

November 8, 2010: TrustDefender and Gulf Business Machines (GBM) have today announced their joint partnership at the 2010 International Banking and Financial Services Technology Exhibition (IBEX) held In Abu-Dhabi National Exhibition Center (ADNEC) from the 9th to 11th November 2010. This strategic partnership will allow both TrustDefender and GBM to unite their extensive market knowledge and expertise in response to market demand in the GCC and Pakistan. As TrustDefender looks to grow their presence in the region, this partnership will ensure they are well positioned as the market leader in real-time, risk-based transactional security solutions for financial institutions and leading businesses consumers.

Ted Egan, CEO TrustDefender comments, “GBM is a strategic partner with reach across the entire GCC region with one of largest client base. This partnership will also give us credibility, being backed by one of the region's premier ICT companies. GBM was looking for an innovative Web security solution to offer in the GCC and we are proud to be selected to enhance the Banks and Financial Institutions On-line customer protection.”

“TrustDefender has revolutionised Online Security with unique memory forensics technology. It performs security health checks on all devices including the memory of a consumers PC prior to any login page access. Any malware that resides in the PC and has not been detected by Anti-Virus or firewalls can be identified and is blocked before the financial transaction happens, comments Mohamed Daoud, GBM Banking and Financial Services Practice Leader. He continues; “TrustDefender has a unique product in the Banking & Financial sector space which not only reduces online fraud, but significantly enhances user confidence and usability in Internet banking. For us at GBM, this unique real-time risk-based approach from TrustDefender will complement our current Banking & Finance solutions portfolio offering.”

TrustDefender’s growing presence in the Middle East presents a market growth opportunity reaching over 212 million people across the region, of that population over 63 million people are internet users1. According to Market Research Company RNCOS2, as the online threat landscape continues to evolve and grow, and global spending on IT security is estimated to rise to US$60 billion. The study also shows that IT security spending in the Middle East is projected to grow by 12% over the next three years, as governments and financial institutions adopt advanced security solutions.

The IBEX 2010 exhibition will bring together some of the leading minds in banking and finance, shedding light on the present state of global financial markets. It will also feature the most recent technologies, products, security and safety services which are becoming available in the banking industry.

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Notes to editor: