22 April 2008

NET2S, the leading business and technology consultancy for the global capital markets, today announced its partnership with SkyRecon, the provider of endpoint security solutions, to protect financial institutions from the ever-growing threat of data leakage and information theft.

With trading platforms providing a number of information sharing capabilities (market data, instant messaging, e-mail etc.), that often fall outside of the typical IT/security management infrastructure, the number of avenues for sharing and leaking sensitive information are high. SkyRecon’s TradeShield™ solution works with these platforms to protect the institution’s critical business systems without interfering with the important trading environment.

“The €4.9bn ($7.1bn) loss incurred by a well-known European bank this year proved how costly breaches in IT security can be. With confidence in the financial services industry already at a significant low, financial institutions cannot afford the current spate of negative headlines brought about by high profile data leakages. Confidence and reputation is king in the financial markets, and by partnering with SkyRecon, we can help protect this most valuable asset,” states Hans Haverhals, director of IT security at NET2S.

“NET2S’ client base consists of the world’s leading financial institutions, including 19 of the top 20 investment banks. Partnering with NET2S will allow us to leverage their offering of dedicated security consultancy exclusively for the financial sector; a perfect synergy for delivering the best service from our TradeShield solution,” said Martin Rutterford, UK sales manager at SkyRecon.

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