Tag Archives: compliance

Data Integrity Solution Provider Appoints Gustav Poola as Vice President of Products

June 5, 2012 flashnewsrelease Leave a comment

Guardtime announced today that Mr. Gustav Poola has joined the company as Vice President of Products.

Palo Alto, CA (USA), Tuesday – June 05, 2012 — Guardtime ( http://www.guardtime.com ) announced today that Mr. Gustav Poola has joined the company as Vice President of Products. Poola brings to Guardtime a robust track record of performance and innovation based on more than 20 years of hardware design and managerial experience.

“Guardtime Keyless Signature technology represents a breakthrough in data validation for the enterprise, cloud, and telecommunications industries. I look forward to contributing to its widespread adoption, growth, and success,” Poola said.

For 12 years, Poola served as CEO of Artec Group, a leading provider of electrical engineering services with customers including STMicroelectronics and National Semiconductor. Under Poola’s management, Artec Group grew to over 70 employees and engineered many successful products such as the Geode SoC-based ThinCan product line, a reference design that revolutionized thin-computing in 2006. Prior to Artec, Poola worked for ZF Micro Solutions, Fujitsu, and Cabelco Technologies.

“I’m very pleased to welcome Gustav to the team,” said Guardtime CEO Mike Gault. “Guardtime’s technology is playing a critical role in providing independent validation of data and virtual machines in a cloud environment. Cloud computing is in its infancy, and aside from his general track record in creating successful products, we hope to leverage Gustav’s experience in appliance design to extend our scope deep into the hardware level.”

Guardtime’s patented Keyless Signature technology ( http://www.guardtime.com ) provides irrefutable proof of integrity for data stored on disk, residing in the Cloud, or in transit across networks. Keyless Signature-based solutions are being adopted by governments, telecommunications service providers, and cloud infrastructure vendors around the globe in order to enhance transparency and provide stakeholders an independent and irrefutable method of proving that the implemented data security measures are working properly.

About Guardtime:
Guardtime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. Guardtime’s Keyless Signatures provide proof of origin and that not a single bit has changed since a specific point in time. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. Guardtime’s mission is to change the world to one in which Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.

All company names are trademarks of their respective owners.

Press & Media Contact:
Victor Cruz, Principal
MediaPR.net Inc
Palo Alto, CA – USA
+1 978-594-4134
vcruz@mediapr.net
http://www.guardtime.com

Technology

IDC Research Paper Looks at Ensuring and Proving Big Data is Tamper-Free

April 18, 2012 flashnewsrelease Leave a comment

“Data Integrity in the Big Data Digital Age” gives data its proof in court.

San Francisco, CA (USA), Wednesday – April 18th, 2012 — A new executive brief published by IDC examines one of the major obstacles organizations face when committing resources and applications to cloud computing. At stake is the issue of validating the integrity and authenticity of data within a cloud environment.

“When the data is hosted onsite, this process of data integrity can certainly be a challenge. However, when data is not hosted within the traditional internal IT data center environment, there needs to be a method of ensuring indisputable data integrity,” cites the report.

Titled “Data Integrity in the Big Data Digital Age”, the research paper ties the current Big Data phenomenon with cloud computing, making a case for how organizations must grapple with analyzing and basing decisions on petabytes of unstructured data, yet rarely questioning the authenticity of this data.

Questions the report seeks to answer include: Has my data been tampered with? Is the data source legitimate? How can indisputable proof be offered that data integrity remains intact? And in cases that involve the legal system, how to bring documents, log files, or audio files to the level where they can be admitted as irrefutable evidence?

These questions take the data integrity argument well beyond the premise and perimeter of IT security matters. Few options exist today that can achieve tamper-proof data security outside of the reliance on third-party certification authorities, or the unwieldy management of a public key infrastructure. What’s required is a way to validate, verify, and self-authenticate the data independently of any third-party agency.

Sponsored by GuardTime, the executive brief details a compelling case for the adoption of Keyless Signatures, explaining how the mathematically-driven system works. The Keyless Signature technology is used to provide indisputable proof of time, origin, and integrity for electronic data.

“The goal of the keyless signature technology is to provide mass-scale, non-expiring data validation while eliminating the need for secrets or other forms of trust, thereby reducing or even eliminating the need for more complex certificate-based solutions, as these are ripe with certificate management issues, including expiration and revocation,” the paper explains.

“A keyless signature provides an alternative method to key-based technologies by providing proof and non-repudiation of electronic data using only hash functions for verification. The implementation of keyless signature is done via a globally distributed machine, taking hash values of data as inputs and returning keyless signatures that prove the time, integrity, and origin (machine, organization, individual) of the input data.”

“Any client using the keyless signature service can make a request to sign any data item it has access to; a log file, XML file, office document, database record, SWIFT transaction, FPML message, eDiscovery productions, etc. In return, the client will receive a keyless signature which can be stored along side the signed data, within the signed data, or in a repository separate from the signed data for backup and archival purposes.”

By signing the data using GuardTime’s Keyless Signatures ( http://www.guardtime.com ), an organization can automatically detect when and where the data was created or transferred, and if the data has been tampered with or not. An alert is sent to the customer when an abnormal status is detected.

In this manner, organizations can assure the integrity of data and confirm the location where data exists, providing a full audit trail of data usage and storage in the Cloud.

The report concludes with “The keyless nature of this technology helps reduce the footprint by removing the need for cipher keys and passwords, which arguably can also be lost or mislaid, and since the integrity can be validated by the document owners, the ability to leverage the cloud computing platform places it well for future adoption.”

The full report can be found here: http://www.guardtime.com/whitepapers

About GuardTime:
GuardTime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. GuardTime’s Keyless Signatures provide proof of origin and that not a single bit of the data has changed since a specific point in time. The verification of the signatures can be done offline without reliance on keys, secrets, or the existence of a trusted third party. GuardTime’s mission is to change the world to one in which Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. The company was recently selected as co-winner of the Innotribe $100K Start-Up Challenge, honoring the company as one of the world’s most promising financial technology start-ups. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.

Press & Media Contact:
Victor Cruz, Principal
MediaPR.net Inc
San Francisco, CA – USA
+1 978-594-4134
vcruz@mediapr.net
http://www.guardtime.com

Technology

GuardTime and RDG China Collaborate on Digital Rights Management (DRM)

April 3, 2012 flashnewsrelease Leave a comment

GuardTime today signed an agreement with Beijing-based RDG China, Read Digital Science & Technology Co., Ltd., to collaborate in the area of digital rights management.

Beijing, China, Monday – April 02, 2012 — GuardTime ( http://www.guardtime.com ), creator of the Keyless Signature technology providing indisputable proof of time, origin, and integrity for electronic data, today signed an agreement with Beijing-based RDG China, Read Digital Science & Technology Co., Ltd. ( http://www.chinardg.com ), an application development firm offering products, solutions and services for the Chinese publishing industry, to collaborate in the area of digital rights management.

“We are excited to use GuardTime Keyless Signature technology in our large scale content signing for digital rights management. We have being searching for data signature solutions that should be scalable, cost effective, easy to integrate yet without an expiration date, for the Chinese publishing industry. Fortunately, we found GuardTime,” said Sarah Wang, CEO of RDG China. “With advanced technology provider GuardTime, we will strive to create digital publishing solutions that will help the Chinese publishing industry enhance their digital publishing capabilities quickly.”

With sizable research projects lined up for its central and provincial publishing regulation offices, RDG China is starting to push for a cloud-based system involving regulating offices, publishers, web sites, mobile phone SP and other digital content distribution channels with digital rights management as a core offering. This project can potentially bring a revolution to copyright protections in China and become a standard in the Chinese publishing industry.

GuardTime Keyless Signatures ( http://www.guardtime.com ) will be a key technology in this project.

About Read Digital Science & Technology Co., Ltd.:
RDG China is a large-scale application development firm, providing products, solutions and information technology professional services mainly for Chinese publishing industry. The company is headquartered in Beijing, with branch offices overseas. The company is committed for the publication and distribution, government, large corporations and industry customers to provide in-depth and long-term consulting, customized development and system integration services. For more information visit http://www.chinardg.com/en/pl.jsp

About GuardTime:
GuardTime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. GuardTime’s Keyless Signatures provide proof of origin and that not a single bit has changed since a specific point in time. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. GuardTime’s mission is to change the world to one in which Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.

Press & Media Contact:
Victor Cruz, Principal
MediaPR.net Inc
Beijing, China
+1 978-594-4134
vcruz@mediapr.net
http://www.guardtime.com

Technology

GuardTime and NRI Secure Collaborate on Cloud Security

January 5, 2012 flashnewsrelease Leave a comment

GuardTime today signed an agreement with Tokyo-based NRI SecureTechnologies, Ltd., a one stop-solution provider for information security, to do business collaboration in the area of cloud computing security.

Tokyo, Japan, Tuesday – January 03, 2012 — GuardTime ( http://www.guardtime.com ), creator of the Keyless Signature technology used to provide indisputable proof of time, origin, and integrity for electronic data, today signed an agreement with Tokyo-based NRI SecureTechnologies, Ltd., a one stop-solution provider for information security, to do business collaboration in the area of cloud computing security.

GuardTime developed and provides the solution code-named “DataConductor,” which can detect changes and/or transfers of any data stored in the datacenter. By signing the data using GuardTime’s Keyless Signatures, DataConductor can automatically detect when and where the data was created or transferred, and if the datahas been tampered with or not. An alert is sent to the customer when an abnormal status is detected. DataConductor can assure the integrity of data and confirm the location where data exists, providing a full audit trail of data storage in the Cloud. DataConductor enables regulatory compliance for archiving with commodity cloud storage.

As a leading provider of information security, NRI Secure has accumulated extensive and profound consulting knowledge with product offerings that, together with one-stop services, provide comprehensive security solutions to customers in sectors such as the government, financial services, retail, and enterprises. In particular, as cloud computing demand grows, NRI Secure is increasingly undertaking a number of projects for the secure building and management of cloud services.

GuardTime and NRI Secure will leverage the solutions and know-how on both sides to collaborate in the following areas:

* Solution service integration:
Planning and development on the integration of GuardTime DataConductor into NRI Secure’s security management solutions and services.

* Joint marketing and sales activities:
Both companies will jointly hold seminars and conferences to introduce the solutions.Both companies will jointly identify business opportunities and propose solutions to existing and new customers.

About NRI SecureTechnologies, Ltd:
NRI SecureTechnologies, a leading provider of information security solutions, is one of the group companies of Nomura Research Institute, Ltd. Established in 2000, it examines information security at business corporations from the aspects of technology and business management and offers a one-stop service from consulting to solution implementation, training, management and surveillance. For more information visit http://www.nri-secure.co.jp/en/index.html

About GuardTime:
GuardTime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. GuardTime’s Keyless Signatures provide proof of origin and that not a single bit of the data has changed since a specific point in time. The verification of the signatures can be done offline without reliance on keys, secrets, or the existence of a trusted third party. GuardTime’s mission is to change the world to one where Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. The company was recently selected as co-winner of the Innotribe $100K Start-Up Challenge, honoring the company as one of the world’s most promising financial technology start-ups. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.

Press & Media Contact:
Victor Cruz, Principal
MediaPR.net Inc
Tokyo, Japan
+1 978-594-4134
vcruz@mediapr.net
http://www.guardtime.com

Technology

Verafin Wins 3 Awards from St. John’s Board of Trade, including Business Excellence Award

December 26, 2011 flashnewsrelease Leave a comment

Verafin Inc., a leading provider of compliance, fraud detection and anti-money laundering (AML) software, today announced it received three awards from the St. John’s Board of Trade, presented at the association’s recent 19th annual Business Excellence Awards event.

St. John’s, NL (Canada), Monday – December 26, 2011 — Verafin Inc. ( http://www.verafin.com ), a leading provider of compliance, fraud detection and anti-money laundering (AML) software, today announced it received three awards from the St. John’s Board of Trade, presented at the association’s recent 19th annual Business Excellence Awards event.

The awards honored the company in three categories for “Innovation,” “Growth in domestic and export markets,” and the top distinction of the year, the “Business Excellence Award.”

Brian Whiteway, Verafin chief financial officer, was on hand to collect the awards.

“We’re extremely pleased and humbled to be recognized by the local business community,” said Whiteway. “It’s really a testament to the hard work and the efforts of the 118 people both here in Canada and our office in Alabama. We certainly wouldn’t be the company we are without them.”

Most recently, Verafin announced it expanded operations by opening a new corporate office in Birmingham, Alabama, signaling the company’s continued growth and customer success driven by its industry-leading, FRAML™ solution for nearly 800 banks and credit unions in the U.S. and Canada.

Verafin’s FRAML™ solution utilizes artificial intelligence and behavior pattern-based recognition to detect suspicious activity. Bringing fraud detection and AML (FRAML™) processes together effectively alerts compliance officers and fraud professionals of suspicious behavior and anomalies while improving investigations and satisfying compliance with BSA/AML regulations.

About Verafin:
Verafin is a North American leader in fraud detection and anti-money laundering solutions for financial institutions, with nearly 800 customers that span 65 core processing systems and a broad asset range. Verafin helps financial institutions comply with the Bank Secrecy Act, USA PATRIOT Act, and FACTA regulations, while also helping to protect against fraud. Verafin is the exclusive provider of fraud detection and BSA/AML software for the California Bankers Association, Massachusetts Bankers Association, CUNA Strategic Services and 40 credit union leagues and associations in the United States. For more information, visit http://www.verafin.com , email us at FRAML@verafin.com or call 1-866-781-8433.

Press & Media Contact:
Catherine Warren
Verafin, Inc
570 Newfoundland Drive
St. John’s, NL A1A 5B1 – Canada
(709) 752-3050 x3242
catherine,warren@verafin.com

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eGestalt Named a 2011 CRN Emerging Technology Vendor

September 28, 2011 flashnewsrelease Leave a comment

Channel stands to reap big rewards by using SecureGRC to attract federal meaningful use dollars.

Santa Clara, CA, Wednesday – September 28, 2011 — eGestalt Technologies ( http://www.eGestalt.com ), a leading provider of cloud-based, SaaS-delivered, security and information technology governance, risk management and compliance solutions for SMBs to enterprises,today announced it has been selected by Everything Channel as a 2011 CRN Emerging Technology Vendor. The annual list features the most innovative vendors who not only deliver technology that is easy to use, but can generate the high margins solution providers require.

Channel partners need no more incentive than the $40,000 in ‘meaningful use’ government funds being granted to individual doctor’s offices that install electronic medical records (EMR) that are fully in compliance with HIPAA/HITECH privacy and security rules.

“Large hospitals are eligible for up to $2 million in federal grants,” said eGestalt President Anupam Sahai. “Not only must every physician practice abide by HIPAA rules, but all their business associatestoo must fall in compliance. There are a few million BAs who need to be serviced. So from one hub comes many spokes of potential business for partners jumping on board with SecureGRC.”

Built from the ground up for channel partners, SecureGRC is a cloud-based, SaaS-delivered, $750 per year security and risk assessment, auditing and remediation application. The tool offers peace of mind to channel partners servicing SMBs to large enterprises, including medical providers and their business associates, retailers and merchants that must meet PCI and HIPAA/HITECH requirements.

With version 11 recently released, SecureGRC consolidates all security and compliance-related evidence into a single and centralized repository.It comes stacked with pre-packaged content such as policies that are continuously updated, a trove of best practices, and plenty of assessment questions that make it an easy step-by-step process to run the assessment and prove compliance.

Thanks to the fine print in HIPAA/HITECH legislation, MSPs have a tremendous gold mine of an opportunity to reap big rewards, revenues, and bundling opportunities. The cost of doing a security assessment and PCI compliance can run $100,000 and above.

“Using SecureGRC’saward-winning,patent pending technology, delivered through channel partners, our customers are able to become compliant at 1/10 the cost with very little maintenance.This promises to be a huge boon for the channel,” addedSahai. “And you don’t need to be conversant with the fine print of these PCI and HIPAA/HITECH regulations.”

SecureGRC also offers an automated PCI-DSS compliance management solution that helps meet PCI-DSS requirements in terms ofbuilding and maintaining a secure network; protecting card holder data; maintaining a vulnerability management program; implementing strong access control measures; regularly monitoring and testing networks, and maintaining robust IT security policies. For more information visit: http://www.egestalt.com/automated-pci-compliance-management.html

Channel partners authorized by eGestalt can become Managed Compliance Providers (MCPs), a channel program based around a proprietary “cookbook” that explains in step-by-step fashion on how to get started with delivering managed compliance services through creation of collateral, training, implementation, delivery and on-going playbooks as the business is up and running.

The Federal government has set aside $20 billion for upgrading the healthcare IT infrastructure by the year 2014 – spelling a huge upside for the channel. Service providers can pursue federal ‘meaningful use’ dollars to the tune of $40,000 per qualified physician practice. SecureGRC generates the necessary reports for proving compliance.

“By law, all business associates and sub-contractors affiliated with the given medical practice must follow HIPAA/HITECH compliance rules or face stiff penalties. It could not be more convincing a sale. Like spokes from a wheel, from one customer hub derives multiple new clients to service,” said Jim Hare, eGestaltVice President of Sales.

eGestalt is looking for qualified channel partners who want to help their clients solve and automate the complexities and high costs associated with maintaining and enforcing security and compliance around PCI, SOX, HIPAA/HITECH, ISO, GLBA and other mandatory government and industry regulations that affect most business operations.

For further details please call (408) 689-2586 or email sales@egestalt.com. For further details about the product, please visit http://www.egestalt.com/msp-mssp-partners.html.

The vendors that make up the CRN Emerging Technology Vendor list were founded in 2005 or later, have revenue under $1 billion and have an active U.S. channel strategy. Final selection to the Emerging Technology Vendor list was made by the CRN editorial team after a review of submitted information. To view a sample of the list and read the editorial accompaniment visit http://www.ubmchannel.com.

About UBM Channel (http://www.ubmchannel.com):
UBM Channel is the premier provider of IT channel-focused events, media, research, consulting, and sales and marketing services. With over 30 years of experience and engagement, UBM Channel has the unmatched channel expertise to execute integrated solutions for technology executives managing partner recruitment, enablement and go-to-market strategy in order to accelerate technology sales. UBM Channel is a UBM company. To learn more about UBM Channel, visit us at www.ubmchannel.com.

UBM plc (http://www.ubm.com):
UBM plc is a leading global business media company. We inform markets and bring the world’s buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries is organized into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.ubm.com

About eGestalt Technologies Inc:
eGestalt (www.egestalt.com) is a world-class, innovation driven, leading provider of cloud-computing based enterprise solutions for information security and IT-GRC management. eGestalt is headquartered in Santa Clara, CA, and has offices in the US, Asia-Pacific and Middle East. eGestalt was nominated Breakthrough Technology Vendor at XChange Americas, Aug. 2010, and selected by SiliconIndia among the “Top 10 Security Companies to Watch.” Its SecureGRC application was voted runner-up in the Managed Services Category at XChange Tech Innovators, Nov. 2010. And in Feb. 2011 eGestalt VP of Worldwide Sales Jim Hare was been named a Channel Chief by Everything Channel’s CRN.

Press Contact:
Victor Cruz
Principal, MediaPR.net
For eGestalt Technologies
vcruz@mediapr.net

Scott Regan
Everything Channel
scott.regan@ec.ubm.com
508.416.1186

Press & Media Contact:
Victor Cruz, Principal
MediaPR.net, Inc
For eGestalt Technologies
Santa Clara, CA
(978) 594-4134
vcruz@mediapr.net
http://www.egestalt.com

Technology

eGestalt Partners Find Profitable Bundling Opportunities with New Cloud Security and Compliance Tool

August 11, 2011 flashnewsrelease Leave a comment

SecureGRC tool built for channel assumeslittle to no knowledge of PCI/HIPAA security and compliance rules.

Denver, CO (XChange Americas), Thursday – August 11, 2011 — eGestalt Technologies ( http://www.eGestalt.com ) last week announced version 11 of its HIPAA/HITECH and PCI risk assessment, auditing and remediation tool that meets security and compliance objectives for SMBs to large enterprises and that has been a boon to service providers and MSPs looking to find additional sources of revenuein the course of confirming and sustaining compliance mandates.

“During the course of taking a client through the steps of becoming HIPAA compliant, the SecureGRC tool sniffs out revenue-making bundling opportunities like nothing else,” says David Altizer, vice president of SOS Systems based in Memphis, Tenn., and an eGestalt partner.

“We invariably discover multiple areas that need our attention; we find our clients need written policies, they need endpoint security, they need Active Directory, and a host of other things that improves our perceived value and length of engagement.”

SecureGRC SB™v11 is offered in two versions: Enterprise and Small Business editions. Partners will immediately realize the benefits of using SecureGRC’s highly automated, scalable, and cost-effective security and compliance management solution complete with pre-audit and post-audit support, a real-time dashboard that offers multiple assessments, reviews and remediation: in short, a configurable policy-based risk model with real-time status that enables channel partners to deliver managed security and compliance services for SMBs to large enterprises.

Built from the ground up to profit the channel, SecureGRC offers ready-to-use, pre-packaged content such as policies which are continuously updated, a trove of best practices, and plenty of assessment questions that make it an easy step-by-step process to run the assessment and reach compliance, yet flexible enough to fully customize accordingly.

“Version 11 looks like it’s going to be a lot easier to deploy, a lot easier to manage, and will let us grow a lot faster. It’s a more intuitive user interface, and it’s easier for us to manage our clients,” said Altizer. “Every concern of ours has been addressed. That’s a refreshing change of pace. We are looking forward to version 11 and already have two deployments scheduled for it.”

Joe Dylewski, president of ATMP Solutions of southeastern Michigan, said, “Using eGestalt’s tool, SecureGRC, we created a HIPAA/HITECH Business Associate Compliance Assessment, which conducts an accurate and thorough analysis of an organization’s current compliance status. Thanks to our joint efforts with eGestalt, we can offer our customers a comprehensive solution that quickly and cost-effectively enables governance, risk management and compliance. We hope to sell 100 engagements of SecureGRC by year end.”

Reflecting on the significant improvements to Version 11, Jim Hare, eGestalt channel chief,said, “Version 11has truly demystified the complexity of solving the compliance problem. It is completely channel-centric. Partners can useit to manage theirown sub-partners. A master dashboard allows users to capture the risk and compliance status of each client in a single view, this helps to quickly determine what needs to be done to complete the compliance process.”

Pricing & Availability:
Built from the ground up using feedback from the channel, SecureGRC v11 was designed with MSPs in mind. Available immediately, the SB edition has an MSRP of $750 per year; Enterprise edition is $7500 per year. Please call +1-408-689-2586 or email sales@egestalt.com for further information.

About eGestalt Technologies Inc.:
eGestalt ( http://www.egestalt.com ) is a world-class, innovation driven, leading provider of cloud-computing based enterprise solutions for information security and IT-GRC management. eGestalt is headquartered in Santa Clara, CA, and has offices in the US, Asia-Pacific and Middle East. eGestalt was nominated Breakthrough Technology Vendor at XChange Americas, Aug. 2010, and selected by SiliconIndia among the “Top 10 Security Companies to Watch.” Its SecureGRC application was voted runner-up in the Managed Services Category at XChange Tech Innovators, Nov. 2010. And in Feb. 2011 eGestalt VP of Worldwide Sales Jim Hare was been named a Channel Chief by Everything Channel’s CRN.

Press & Media Contact:
Victor Cruz
Principal, MediaPR.net
For eGestalt Technologies
Denver, CO
+1 978-594-4134
vcruz@mediapr.net
http://www.egestalt.com

Technology

eGestalt Launches SecureGRCv11: Managed Security & Compliance Made Easy

August 6, 2011 flashnewsrelease Leave a comment

Simple, cost-effective, easy-to-use SaaS solution Partners can use to service SMBs, enterprises,Medical Providers & their Business Associates, Retailers & Merchants.

Washington, DC, CompTIA, Saturday – August 06, 2011 — eGestalt Technologies ( http://www.eGestalt.com ) today announced version 11 of its award-winning security and compliance management solution that provides PCI and HIPAA/HITECH-based security and risk assessment, auditing and remediation. The tool offers peace of mind to channel partners servicing SMBs to large enterprises, including medical providers and their business associates, retailers and merchants that must meet PCI and HIPAA/HITECH requirements.

SecureGRC SB™v11 will be offered in two versions: Enterprise and Small Business editions. Partners will immediately realize the benefits of using SecureGRC’s highly automated, scalable, andcost-effective security and compliance management solution complete with pre-audit and post-audit support, a real-time dashboard that offers multiple assessments, reviews and remediation:in short, a configurable policy-based risk model with real-time status.

SecureGRC SB is targeted at small to medium businesses that are looking for an easy-to-use, cost-effective self-assessment based security and compliance solution. The enterprise version of the solution supports the self-assessment capability from SecureGRC SB but adds a pre-audit and audit capability along with complete customizability suitable for medium to large enterprises that are looking for a robust, next-generation security and compliance management solution.

Being a cloud-based service, service providers/MSPs can take comfort in knowing that no hardware or software deployment is involved. The solution consolidates all compliance-related evidence into a single and centralized repository. Additionally, all data is stored in a SAS 70 Type II secure data center yet no electronic records are removed from the client site.

Delivered exclusively through the channel, the SecureGRC solution allows service providers and MSPs to profit from attaching new bundling opportunities – additional add-on services – that are discovered during the course of conducting their compliance assessments.

“During the course of taking a client through the steps of becoming HIPAA compliant, the SecureGRC tool sniffs out revenue-making bundling opportunities like nothing else I’ve seen,” says David Altizer, vice president of SOS Systems based in Memphis, TN, and an eGestalt partner. “We invariably discover multiple areas that need our attention; we find our clients need written policies, they need endpoint security, they need Active Directory, and a host of other things that improves our perceived value and length of engagement.”

The solution also generates extensive risk and compliance reports on demand – mandatory documentation and reports used to prove full compliancy with auditors.

“We used feedback from the channel to build the easiest, most cost-effective way to ensure that appropriate controls and safeguards have been implemented to prevent unauthorized access and disclosure of sensitive patient data – all that is at the core of meeting and sustaining compliance,” said Anupam Sahai, president, eGestalt. “We have truly demystified the complexity associated with HIPAA/HITECH to the point where absolutely no prior knowledge of these regulations is assumed. This represents a tremendous opportunity especially for service providers who are new to this space, to enter this profitable line of business at virtually no cost.”

Says Altizer of SOS Systems, “Version 11 looks like it’s going to be a lot easier to deploy, a lot easier to manage, and will let us grow a lot faster. It’s a more intuitive user interface, and it’s easier for us to manage our clients. Every concern of ours has been addressed. We are looking forward to v11 and already have two deployments scheduled for it.”

Pricing & Availability:
Available today, SecureGRC SB edition has a starting MSRP of $750 per year. It has the ability to conduct self-assessments and offers scalable compliance management for pre-audit and post-audit compliance support. Please call +1-408-689-2586 or Email sales@egestalt.com for further details.

Visit eGestalt at the following tradeshow events:
* CompTIA Breakaway, August 1-4, Washington, D.C., booth #418 ( http://www.comptia.org/breakaway )
* XChange Americas/Everything Channel, August 10-13, Hyatt Regional, Denver, CO, booth #204 ( http://www.everythingchannelevents.com )

About eGestalt Technologies Inc.:
eGestalt ( http://www.egestalt.com ) is a world-class, innovation driven, leading provider of cloud-computing based enterprise solutions for information security and IT-GRC management. eGestalt is headquartered in Santa Clara, CA, and has offices in the US, Asia-Pacific and Middle East. eGestalt was nominated Breakthrough Technology Vendor at XChange Americas, Aug. 2010, and selected by SiliconIndia among the “Top 10 Security Companies to Watch.” Its SecureGRC application was voted runner-up in the Managed Services Category at XChange Tech Innovators, Nov. 2010. And in Feb. 2011 eGestalt VP of Worldwide Sales Jim Hare was named a Channel Chief by Everything Channel’s CRN.

Press & Media Contact:
Victor Cruz, Principal,
MediaPR.net
For eGestalt Technologies
Washington, DC
vcruz@mediapr.net
http://www.egestalt.com

Technology

Verafin Warns of the Growing Complexity of Organized Money Laundering Activity

May 2, 2011 flashnewsrelease Leave a comment

Verafin Inc., today released a white paper that discusses the increasing organization and complexity surrounding human trafficking and organized crime and the money laundering activity that accompanies it.

St. John’s, NL, May 02, 2011 — Verafin Inc., ( http://www.verafin.com ) a leading provider of compliance, anti-money laundering (AML) and fraud detection software, today released a white paper that discusses the increasing organization and complexity surrounding human trafficking and organized crime and the money laundering activity that accompanies it.

The white paper is the latest research by Verafin’s team of analytics researchers, who believe it is essential to keep ahead of emerging financial crime trends in order to better help detect them. In this paper Bank Secrecy Act (BSA) compliance professionals will learn:

* How criminal activities such as human trafficking and organized crime are leading to complex money laundering problems;
* About the increased pressure and substantial fines state and federal regulators are applying to non-compliant financial institutions;
* How next generation, anti-money laundering technology can help uncover complex money laundering scenarios.

Finally, the white paper ( http://information.verafin.com/LP=11?CID=701C0000000cVDc ) outlines three complex money laundering scenarios that offer insight into how criminals involved in complex criminal activities attempt to clean their illegal funds. Each scenario also illustrates how Verafin’s advanced, next generation analytics generate clear and relevant alerts that present information in a visual, easy-to-understand format. All alerts are scored based on their risk to the financial institution and contain evidence indicating the nature of the suspicious activity, letting users act quickly to stop destructive activity.

Verafin is an award-winning and intelligent solution that combines fraud detection and anti-money laundering (AML), while providing complete visibility into customer activity, ensuring comprehensive compliance reporting. Easy to use and implement, it is the only solution in the financial services industry that combines fraud detection, anti-money laundering, and regulatory reporting with behavior-based customer monitoring technology in a single platform.

About Verafin:
Verafin is a leader in anti-money laundering and fraud detection solutions for financial institutions, with over 650 customers that span nearly 60 core processing systems and a broad asset range. Verafin helps financial institutions comply with the Bank Secrecy Act, USA PATRIOT Act, and FACTA regulations, while also helping to protect against fraud. Verafin is the exclusive provider of BSA/AML and fraud detection software for the California Bankers Association ( http://www.calbankers.com ), Massachusetts Bankers Association ( http://www.massbankers.org ), CUNA Strategic Services ( http://www.cunastrategicservices.com ) and 40 credit union leagues and associations in the United States. For more information, visit http://www.verafin.com, email us at FRAML@verafin.com or call 1-866-781-8433.

Press & Media Contact:
Victor Cruz
MediaPR.net, Inc
St. John’s, NL
(401) 349-3369
vcruz@mediapr.net

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Technology

Currency Transaction Reporting for Dummies® Book Launched

April 27, 2011 flashnewsrelease Leave a comment

Verafin offers banks and credit unions a step-by-step guide to filing, automating, and simplifying CTRs.

St. John’s, NL, April 27, 2011 — Verafin Inc. ( http://www.verafin.com ), a leading provider of compliance, anti-money laundering (AML) and fraud detection software, today announced the release of Currency Transaction Reporting for Dummies®, Verafin Limited Edition. This complimentary pocketbook was created for BSA/AML compliance and risk management professionals, offering detailed instructions on how to complete the form and guidance on how an automated system can improve what is arguably one of the most important regulatory tasks required by the federal government. A currency transaction report is filed by financial institutions to FinCEN to report currency (cash or coin) transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple currency transactions that aggregate to be over $10,000 in a single day.

“One of the things Verafin strives to achieve is to provide valuable information to our BSA compliance professional community. From our product, to services like our Dummies series of pocketbooks, we are committed to helping people not only work more efficiently, but gain insight through new channels,” said Joe Cordo, Vice President of Marketing at Verafin. “CTR for Dummies is the first in our series, and it has already seen hundreds of downloads. We look forward to continuing this new learning initiative with our future books, including FRAML for Dummies, due out later this summer.”

Currency Transaction Reporting for Dummies®, Verafin Limited Edition provides people involved in a financial institution’s day-to-day compliance operations with a handy reference guide that not only helps answer any questions about CTR filing, but also allows them to gain a better understanding of FinCEN form 104. The book is divided into five parts, taking the reader from a better understanding of anti-money laundering regulations, the CTR form, and how to recognize tricky situations, on to the benefits of automations and best practices when evaluating automated solutions. Complimentary copies are available for a limited time online: http://www.verafin.com/ctr-dummies-pr

About Verafin:
Verafin is a North American leader in anti-money laundering and fraud detection solutions for financial institutions, with over 650 customers that span nearly 60core processing systems and a broad asset range. Verafin helps financial institutions comply with the Bank Secrecy Act, USA PATRIOT Act, and FACTA regulations, while also helping to protect against fraud. Verafin is the exclusive provider of BSA/AML and fraud detection software for the California Bankers Association, ( http://www.calbankers.com ) Massachusetts Bankers Association, ( http://www.massbankers.org ) CUNA Strategic Services ( http://www.cunastrategicservices.com ) and 40 credit union leagues and associations in the United States. For more information, visit http://www.verafin.com, email us at FRAML@verafin.com or call 1-866-781-8433.

Press & Media Contact:
Victor Cruz
MediaPR.net, Inc
St. John’s, NL
(401) 349-3369
vcruz@mediapr.net

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