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Ciphent, Inc.

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Ciphent Protects Banks and Credit Unions with New Offering


Over $40 Million Was Stolen from the Bank Accounts of Small and Medium-Sized Businesses in 2009

Baltimore, MD, December 20, 2009 --(PR.com)-- Ciphent, Inc. has launched a new security risk and compliance assessment aimed at identifying and remediating strategic and technical vulnerabilities as well as data loss gaps in bank and credit union security infrastructures. Ciphent’s latest assessment offering debuts on the heels of the FBI Cybercrime Division claims that in 2009 cyber hackers stole over $40 million from bank accounts primarily owned by medium and small businesses. These attacks are two pronged by design, targeting both the banks security infrastructure directly as well as the account holder’s corporate infrastructure in an attempt to steal routing, bank account and Internet banking information and data. Ciphent’s new Strategic Security Review, a 3-week intense assessment and security roadmap evaluation is aimed at preventing data leakage and cyber break-ins at banks, credit unions and businesses.

“Most small and medium-sized organizations do not realize that the liability for compromised corporate checking accounts falls on the targeted companies and not the banks or credit unions as is the case with personal identity theft claims. In short, if $10,000 is stolen from your corporate checking account you have almost no chance of recovery.” said James C. Foster, Ciphent’s Chief Executive Officer. “This comes as a huge surprise for victim organizations that have not adequately prepared themselves for the next significant threat to this Country’s economy.”

Ciphent’s new breed of security risk and compliance assessment is designed specifically to address this emerging threat. Organizations can no longer sit back idly and assume their security infrastructure prevents malicious attacks and accidental loss of sensitive data. “Our customer’s need help closing the gaps in their perimeter and locking down the sensitive data that is leaking out of their internal networks” said Don Schmidt, Ciphent’s Director of Professional Services. The Strategic Security Review includes operational assessments of people and processes as well as technical assessments and attempts to exploit data loss holes, insecure software and the execution of full vulnerability and penetration tests .The data loss discovery assessment also includes a report of every piece of sensitive information leaving the network and malicious content entering. This Security Review will provide an immediate-need action item report as well as a detailed 6 month, 12 month and 2 year security plan to balance budgets and maximize investment in security methods and technologies that will provide the highest benefit. “We’ve been able to help organization’s mitigate thousands of vulnerabilities and reduce direct financial liability” said Schmidt. “Every organization large or small can benefit from an intense assessment of their security program.”

With little or no protection from banks, businesses need to be pro-active and take matters into their own hands ensuring their infrastructures are locked down. “We stand by our company mission with resolve – to protect the United States, her allies, corporations, and citizens” said Foster.

About Ciphent, Inc.
Ciphent was founded in 2006 by cyber security experts with experience from some of the world’s top security organizations, including Foundstone, Guardent, Booz Allen, and Fortify Security. Ciphent is committed to the protection and success of the United States, her allies, corporations and her citizens. Ciphent's specialized practice includes security infrastructure automation, international attack prevention, and enterprise security transformation and migration. Ciphent can implement enterprise-grade security solutions utilizing its patent-pending proprietary technology, Security Objects™, in a fraction of the time it would take pure-play consulting organizations. Ciphent has teams in 15 states plus Washington D.C. and is headquartered near Ft. Meade in Maryland. http://www.ciphent.com

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For More Information Please Contact: Evan Blair | (888) 992-4743 x777 | evan.blair@ciphent.com
Contact Information
Ciphent, Inc.
Evan Blair
443-962-7971
Contact
www.ciphent.com

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