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SAN FRANCISCO, OCT. 12, 2005
Identrus Appoints Mack Hicks as Chief Technology Officer, Expanding Executive Team
Industry Veteran to Spearhead Expansion of Identrus Product Capabilities to Aid Company's Continued Growth
Identrus™, a global provider of trusted identity solutions, today announced that Mack Hicks has joined Identrus as the new Chief Technology Officer (CTO). Hicks is a recognized industry expert with more than 30 years of experience in information security, public key infrastructure (PKI) and systems architecture, holding key influential roles with the National Automated Clearing House Association (NACHA) and BITS, a non-profit industry consortium to foster electronic financial services. He will be responsible for expanding Identrus' capabilities, including the policy, legal, operational and technical components of the Identrus solution.
"Mack brings deep security experience to the position of chief technology officer, and his demonstrated leadership and expertise will be key to driving Identrus• business goals and vision," said Karen Wendel, CEO, Identrus. "His technical background and strong ties to the banking community will help him spearhead Identrus• aggressive strategy to propel awareness of the company and elevate our market presence through targeted initiatives."
Hicks joins Identrus from Bank of America where he was Senior Vice President of Corporate Information Security, focused on emerging technologies and standards for information security. Hicks was responsible for information security, risk management, policies and procedures for the bank•s smart card-based digital certificate and authentication business. He also served as an internal specialist addressing web threats such as e-mail phishing and Web site spoofing. Hicks worked closely with Identrus as the Bank of America representative involved in creating the common identity management platform for global banks. In that capacity, he made significant contributions to the company, co-authoring multiple Identrus business patents in authentication.
"Secure, trusted online transactions are an integral part of the processes on which businesses depend today, and Identrus is by far the leader in helping organizations protect against electronic identity theft and fraud," said Hicks. "I am delighted to join the company, as I share their commitment to advancing a new era of security technology that will change the way we conduct business."
About Identrus, Inc.
Identrus™ is a global solutions company that secures interactions where identity is critical. As the only government regulated, bank-built identity company, Identrus provides a worldwide network for trusted identity credentials based on global standards. Identrus' proven solutions provide a legally and technologically interoperable environment for using identities. The Identrus platform provides the legal and technical infrastructure for financial institutions, governments and commercial entities to effectively manage the risks associated with identity authentication and enables these organizations to develop business applications and value-added services for their customers. Identrus partners with systems integrators, software developers, smart card and token providers, as well as experts on identity management, security and fraud to help organizations achieve greater application security and meet their e-business objectives. Identrus membership consists of the world's leading financial institutions spanning 160 countries.
Additional information about the company is available at www.identrust.com.
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Schwartz Communications, Inc.
Rebecca Krueger
+1 415-512-0770
Identrust@schwartz-pr.com
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