SEATTLE, Wash., Jan. 13, 2016 (GLOBE NEWSWIRE) -- via PRWEB - The leading provider of Cybersecurity Management (CsM) Software, announces customer acquisition highlights through the 4th quarter of calendar year 2015.
Community banks and credit unions are selecting Praesidio because it is the only solution that provides a Cybersecurity Management solution that allows financial institutions (FI) to see, manage and measure their cybersecurity posture and comply with the security requirements in the FFIEC's IT Examiner's Handbook.
"We are thrilled that four more customers have joined our community," said Edgardo Nazario, CEO. "Our single-minded focus on Financial Institutions provides advantages to our customers that generic cybersecurity solutions cannot match. In 2016, we will continue to strengthen our technology by continuing to focus relentlessly on machine learning and Big Data technology to help banks stay ahead of bad actors."
Because of their innovative feature set, Praesidio gained a number of new key customer wins, including Bank of Tennessee, headquartered in Kingsport, TN.
"With the continuing evolution in cybersecurity threats, the bank was looking to evolve as well. We were looking for a partner that could enhance our ability to defend our customer's information. We needed a solution that improved monitoring, detection, and provided a second set of eyes to spot the anomaly," said Alan Greenfield, CIO/ EVP at Bank of Tennessee.
"Praesidio provided the tools and services that enhance the banks capabilities to monitor and respond to cybersecurity threats. Further, it provided knowledge resources that we could leverage to continue to improve our security program going forward, and access to a community of peer banks. The delivery model will allow us to rapidly deploy, and get immediate benefits."
At ShmooCon 2016, the premier hacker conference on the east coast, Praesidio is proud to be represented by its Chief Technology Officer, Sean Cassidy. On January 16th, he will present his findings about vulnerabilities found in a popular password management tool, LastPass.
"I am looking forward to speaking at ShmooCon, which is right at the top of my list in terms of prestigious hacker conventions. I will be discussing my new tool LostPass, which is an example of a new type of phishing attack, one that is difficult to fix and has a large potential impact" said Cassidy, CTO at Praesidio.
ABOUT SHMOOCON: ShmooCon is an annual east coast hacker convention hell-bent on offering three days of an interesting atmosphere for demonstrating technology exploitation, inventive software and hardware solutions, and open discussions of critical infosec issues. Technology evangelists, security experts and press from around the nation will be attending this three-day event.
ABOUT PRAESIDIO: Formed by bankers and technology experts, Praesidio is a big data Cybersecurity Management (CsM) company that bridges the gap between IT Security and Policy Governance, solving the real-world problems of breach detection, remediation, and cybersecurity insight, so that C-suite and BODs can sleep at night knowing that they are secure.
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If you would like more information about this topic, please contact Rani Khan at 206-512-8691 or email info(at)praesidio(dot)com.
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