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PassMark Security Appoints MacPherson VP of Engineering

Industry-Leading Product Development Team Gets Deeper

PassMark Security, the leading developer of authentication solutions for consumer ecommerce, announced the expansion of its world-class engineering management team with the addition of Kim MacPherson as vice president of engineering. For the past five years, MacPherson was vice president of engineering at Securify, where she built network security platforms deployed in ultra-high-security environments in the federal government's military and espionage agencies. Previously, she built secure financial services applications at Intuit, including electronic tax filing systems.

MacPherson joins a product development executive team with extraordinary experience and depth:

+++ Louie Gasparini, CTO, was SVP Internet Transaction Systems at Wells Fargo for many years, where he helped build Wells' pioneering online banking platform.

+++ Charley Chell, director of engineering, managed development teams at CyberSource, a leading payment processing and fraud screening provider for Internet merchants.

+++ William Wright, PhD, chief scientist, was lead architect of both the world's leading back-end credit card fraud detection system (HNC's Falcon system) and a leading front-end credit card fraud detection system (CyberSource's AFS system).

PassMark's system is the preeminent consumer-based online authentication solution in the market today. In its year-end cover story, BusinessWeek named it one of the "25 Best Products of 2005." Installed at major financial institutions such as Bank of America, it is currently deployed to more than 10 million users today, and will roll out to more than 20 million users by the end of the first quarter.

"PassMark pioneered the category of tokenless two-factor authentication," said Louie Gasparini. "With the FFIEC's recent endorsement of two-factor for all U.S. banks, we're gearing up to manage rapidly rising demand based on the market's acceptance of our innovative approach. Experience counts when you're building and installing high-scale, mission-critical systems. Kim has exactly that experience."

About PassMark Security

PassMark Security develops strong mutual authentication solutions for consumer ecommerce - PassMark's patent-pending Two-Factor Two-Way Authentication(TM). The system provides strong but convenient security, without requiring their users to carry any new hardware or install any new software. PassMark is based on a robust risk assessment and management system, which instantly evaluates a diverse array of inputs for each authentication or transaction, and makes decisions based on customized policies set by each institution. More information is available at www.passmarksecurity.com

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