Mako Networks Expands Security Offering Into Nordics With Securecom AB

PRESS RELEASE

LONDON – 2 April 2012 – Mako Networks, a cloud-based network management and security company specializing in card fraud risk reduction, today announced a new distribution agreement with leading Swedish IT security service provider Securecom AB, making Mako's security solutions available for the first time in the Nordic region.

Securecom will promote, support, and supply Mako's network security solutions to resellers and service providers in the region at a time when solutions to protect the Nordic Small to Medium Enterprise (SME) market remain sorely needed.

Sweden, for example, has experienced a 31% rise in fraud activity since 2006, while Norway has fared even worse, growing fraud by 75% during the same period, according to FICO. The company claims this growth has focused attention within Sweden and the other Nordic countries on developing new fraud reduction strategies.

In all, Europol estimates organized crime groups in Europe make about €1.5 billion (US$2 billion) a year from payment card fraud.

Mako's System consists of a range of network appliances designed for the SME market, configured and managed in the cloud through a secure Central Management System. Mako Networks has been certified as a Payment Card Industry Data Security Standard (PCI DSS) Level 1 service provider since February 2010, attesting to the security of the Mako solution for both general network protection or for securing payment systems in accordance with the rigorous PCI requirements.

Meanwhile, Securecom supports clients with the development, implementation and management of information security. Securecom has a strong history of security services, as it develops and supports many of the cryptographic methodologies used within the Nordic card payment and financial communities.

Mako Networks Commercial Manager for Europe, Chris Nation, said: "We are delighted to announce the partnership with Securecom. After carefully considering our expansion into the Nordic market and the selection of a partner to help us do that, and Securecom's established client base across the Nordics and expert knowledge of network and payments security made them an ideal partner. Securecom understands the need to secure and protect personal and company data of all types, enabling more businesses to maintain essential data security practices and compliance standards such as the PCI DSS."

Jonas Halldin, CEO of Securecom, commented: "Mako's System is adaptable across a variety of environments, which appeals to our broad client base. The unique approach to configuring and deploying the service reduces costs, which ultimately benefits the end customer by providing a secure, managed broadband security service at cost-effective price. We can offer Mako products with peace of mind that our customers will be receiving a state-of-the-art network security solution."

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About Mako Networks

Mako Networks is a cloud-based network management company, providing services and managed appliances that connect businesses to the Internet and protect them from the threats it contains. Mako Networks helps merchants that process, transmit or store cardholder data to comply with the stringent Payment Card Industry Data Security Standards (PCI DSS) as a certified Level 1 service provider and listed as a certified merchant agent by Visa Europe. The company operates from offices in Auckland, New Zealand, London and San Francisco.

About Securecom

Securecom is an IT service provider operating throughout the Nordic region with a unique and broad expertise in payment card, banking and transaction security. Securecom offers both solutions and services within the area and is seen as a high value company. Securecom has developed many of the cryptographic methodologies used within the Nordic card payment and financial communities and by many of the largest banks within the region.