The Results Are In! – ExactTrak wins at the TMT 2016 Technology Awards

TMT

After much deliberation, the TMT judges reached their final decision and decided that ExactTrak Ltd has won in the 2016 Technology Awards!

ExactTrak have been named: Best Mobile Data Security Company – Europe & Recognised Leaders in Data Loss Prevention

The 2016 Technology Awards have recognised the exemplary work done by individuals and businesses across this expansive and ever-evolving industry.

 

ExactTrak to participate in TechMarketView’s Little British Battler day, in association with MXC Capital.

LBB8 MXC Logo

ExactTrak are delighted to be invited to participate, along with 11 other innovative British companies, in the TechMarketView LBB day on 21st April 2016.

Norman Shaw, CEO and Founder of ExactTrak, say, “We look forward to presenting our technology and vision to the team at TechMarketView on 21st of April and welcome their questions, feedback and insights. We’re very proud to be a British company and it’s fantastic to be recognised by TechMarketView as one of their 12 Little British Battlers.”

To read more about TechMarketView’s LBBs, please visit: http://www.techmarketview.com/news/archive/2016/04/05/participants-announced-for-little-british-battler-day

About ExactTrak

ExactTrak is a UK based technology company specialising in the tracking, management and protection of mobile data through its patented technologies.

Formed in 2008, ExactTrak has built a reputation of delivering leading edge, high quality solutions that enables organisations to have more control over its mobile data. With a global customer base in both Public and Private sectors, ExactTrak prides itself on being able to deliver standard and bespoke solutions by understanding the exact requirements for each customer.

All ExactTrak solutions are designed and manufactured in the UK.

ExactTrak is privately held and operates through a global network of partners. For more information visit www.exacttrak.com

About TechMarketView

TechMarketView LLP provides authoritative research and analysis on the technology

scene including UKHotViews, the daily source of informed opinion and comment on

the events, issues and players that really matter in the UK software and IT services

market. See www.techmarketview.com for more.

It Shouldn’t Matter how Many USBs are Lost

Norman Shaw

Founder and CEO of ExactTrak

Recent research at the beginning of this year claimed that 22,000 USBs are left in Dry Cleaners every year.

With ample research to suggest that human error is the biggest cause of data breaches, we have to ask, if this is really surprising? The proliferation of data loss stories in the media proves that the problem of human error, or indeed, human nature, isn’t going anywhere so isn’t it time that enterprises woke up, smelled the coffee and invested in technologies that protect itself from its employees?

How many USBs lost?

The USB research, by internet security firm ESET found that on average, four USBs are left in dry cleaners every year, equating to 22,266 USBs nationwide. Devices were only returned to their rightful owners 45% of the time.

There were more amusing things left such as viagra, condoms, and dentures, but these are significantly less likely to breach your corporate network. Nevertheless, it shows human nature’s propensity to make mistakes.

Human error is the number one cause of data breaches

There is broad agreement within the industry that human error is the cause of most data breaches. The IT Policy Compliance Group says 75% of ALL data loss is due to human error. The Aberdeen Group says 64%, CompTIA said 52% of the root cause of security breaches are caused by human error and most recently, Databarracks said the top cause of data loss was employee accident (24%).

Protect yourself from your employees

As it is human nature to make mistakes, and those mistakes are very clearly the top cause of data breaches, enterprises need to start protecting themselves from human error. They need to put themselves in a position where it doesn’t matter how many mistakes are made, or USBs get lost. To do this, they need both the right technologies and the right culture.

The kinds of technology that can help

Opting for technology solutions which includes location tracking means that the lost USB can often be found after a loss. Location tracking technology also allows the enterprise to limit access on an adhoc basis or via rules, so that data is only available within certain geographic zones.

One of the many issues with lost USBs is not knowing or not being able to prove to the ICO what was on, or not on, the device. With file auditing, the enterprise can see all the files that are added, copied, printed or deleted from all devices, at all times.

On its own, encryption isn’t enough but in combination with technologies like those above, it can be a good solution for the IT security department’s toolbox. Beware of difficult encryption that end users will find ways to disable.

The ability to delete data remotely is a very powerful one. Beware of the technologies you choose here though as some devices can only have data wiped with connected to the internet which of course, a USB may or not ever be connected to.

There are two common themes with these types of technologies. Firstly, they take control away from the end-user and put it firmly in the hands of the enterprise. Secondly, as well as helping the enterprise monitor its data generally, these technologies also serve to help deal with the scenario of a USB or mobile device being lost so there is something you can do should the inevitable mistakes happen.

For any data security technology to be successful, it must be introduced in an environment that includes training on how to handle corporate data not with a blame culture, but instead one that promotes that reporting a data breach to a line manager is a good thing and not something that will get them fired. [contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]

 

Data breaches are out of control – act now or get fired!

Norman Shaw looks at the latest data breaches, their causes, what the Safe Harbour ruling could mean for data protection and what you should be doing now to protect your company and yourself.

Recent data breaches, the saga that was Ashley Madison and the report by Big Brother Watch all paint a pretty grim picture for the future of data protection. But it can’t be okay to accept that as our fate – because consumers, the Board of your company and – if the latest Safe Harbour ruling is anything to go by – the EU are unlikely to stand for it. It’s time to understand the root cause of these data breaches and put plans in place to combat them… or we could all end up fired!

Cyber-security plays second fiddle to human error

Cyber-security hacks such as the now infamous Ashley Madison breach are very exciting but we all know that the root cause of data breaches is normally plain old human error. Over recent months there’s been even more evidence presented from the likes of Databarracks whose survey of 404 IT professionals, named human error as the number one cause of data breaches.

Human error transcends sectors

One private sector example is the recent case of holiday company Thomson, which sent an email, in error, that contained the home addresses, telephone numbers and flight dates of 458 people – leaving the door almost literally open for burglars.

Meanwhile, in the public sector, the Big Brother Watch report gained our attention with the claim that local authorities had 4,236 data breaches in the last three years. The breaches included 197 lost or stolen mobile devices, and more than 5,000 letters either sent to the wrong address or sent with content meant for another recipient. More recently, the 56 Dean Street Clinic emailed 780 HIV patients, unfortunately the email newsletter disclosed all 780 patient’s names and email addresses to each other – all very clearly instances of human error.

We’re living in different times; data times

The amount of data that people deal with is exploding exponentially every day, and with it the number of data breaches, and probably because of that, a huge increase in consumer interest in their individual data protection and their human right to privacy. This groundswell of public opinion has not only driven the media to cover all data loss stories, but surely, it’s been one of the factors in the EU’s attitude towards data protection.

What can we learn from the ruled invalidity of Safe Harbour?

The fallout from the recent ruling by the European Court of Justice on the invalidity of Safe Harbour is yet to be fully understood but what it does imply is that the EU is very serious about protecting its citizens’ data. The ruling, and the new EU data protection regulation set to be finalised towards the end of this year, suggests that very soon, there won’t be anywhere to hide; companies who suffer breaches could suffer fines of €100 million or potentially up to five percent of global annual turnover.

Data security is a board level issue

With these kinds of fines in the mix, the issue of data security has become a board level topic. We’ve already seen Noel Biderman, CEO of Avid Life Media (ALM), the parent company of Ashley Madison, stand down following its very public data breach. But with the forthcoming EU data protection regulation, an individual as well as a company can be held responsible for the protection of the data it processes. With the recent firings of the Symantec employees who issued fake Google security certificates, you can see that the mindset around security in general is heightened right now, which is absolutely right as we all prepare for the new regulation.

So, what can we do now?

Companies can, and should, focus on combating the undisputed top cause of data breaches; human error. There is a three-pronged approach to this:

Rules and education – every employee needs to be crystal clear on how to deal with data, especially as the new EU regulation requires notification of a data breach within 24 hours of discovery.

Culture – how employees deal with data will often be learnt on the job so if senior management are serious about protecting the company against a breach, that attitude should drop down. Employees should think that it’s good to report a data breach rather than hide it as technology exists to do something after the fact.

Technology – companies need more than encryption which is difficult to prove after the fact. They need to consider geo-location tracking, technology that provides a verifiable audit trail, and the ability to destroy data remotely if it’s lost irrevocably. People will still make mistakes so you’re looking for technology that will both help prevent a breach in the first instance but also help protect you should the inevitable happen.

Contributed by Norman Shaw, CEO and founder, ExactTrak.

The world of data breaches – and how to avoid being part of it

Norman Shaw looks at the causes of data breaches, what it costs and what the market needs to consider in order to protect itself.

Norman Shaw, IT industry veteran & CEO and founder of ExactTrak
Norman Shaw, IT industry veteran & CEO and founder of ExactTrak

Data breaches are increasing as are the fines for them. With new EU data protection regulation coming, fines will increase even more. But why are these breaches happening? What is the cost to businesses? What will the new EU regulation mean for business? And how can you combat these breaches and protect your data, reputation, and bottom line?

What are the causes of data loss?

There’s competition for the main cause. IBM and The Ponemon Institute indicate that breaches are mostly caused by malicious or criminal attack (47 percent globally), with human error accounting for 25 percent of cases (28 percent in the UK). However, the IT Policy Compliance Group says 75 percent of ALL data losses is human error, the Aberdeen Group says 64 percent and most recently, CompTIA said 52 percent of the root cause of security breaches is human error.

Whatever statistic you choose to believe, human error is always part of the equation and I would say the easiest part to fix.

Delving into more detail, the Wall Street Journal exposed some of the problems associated with human error in November last year. They reported that:

  • 77 percent of people from the 5,000 interviews they conducted had lost a laptop, tablet or mobile with sensitive data;
  • 84 percent used personal email and 50 percent used the public cloud to send sensitive information;
  • More than 30 percent had lost a USB drive containing confidential information;
  • And 63 percent of IT managers lack visibility of mobile data within their organisation.

Of course, accidents happen and that’s unavoidable, but not deploying technology to protect against these accidents when we know they’re likely to happen is unforgivable.

What are the costs of data breaches?

The financial cost has risen by 23 percent globally over the last two years according to IBM and The Ponemon Institute. In the UK, the Information Commissioner’s Office (ICO) has already handed out four fines this year amounting to £595,000. But it’s not just the financial cost that companies should be concerned with.

The South Wales Police was fined for losing a video recording that was part of a sexual abuse case – discs were unencrypted and left in a desk drawer. Meanwhile, StaySure.co.uk Limited was fined when hackers accessed and used over 5,000 customer credit cards.

These organisations played fast and loose with people’s information and understandably, concerns amongst the public about data losses and data protection have soared and the cost is now reputational too. Would you book through StaySure.co.uk now? And as always, the failings of the few affect the many – the public is now ALWAYS cautious with its data and the new EU regulation will apply to EVERYONE.

What do we know now about the forthcoming EU data protection regulation?

Fines are increasing – up to €1 million or 2 percent of a company’s annual worldwide turnover although the European Parliament may raise this to 5 percent .

24 hours – organisations will be obligated to reveal data breaches within 24 hours.

Deleting data – under ‘right to be forgotten’, an individual’s data will need to be able to be deleted upon request.

Protection and privacy expectations – The principles of ‘Data protection by design’ and ‘Data protection by default’ mean data protection safeguards need to be built into products and services at development and the default settings should be privacy-friendly.

One rule for all – the ‘one-stop-shop’ and ‘consistency mechanisms’, mean the interpretation and application of the new regulation should be comparable across orders.

What can you do to avoid the data breach?

There’s no monopoly on ideas to avoid the fine, and notoriety, of a data breach but here are a few of the things I think it’s imperative, and possible, to do right now:

Senior sponsorship – culture drops down from the top; if you want employees to take data protection seriously, you need senior sponsorship.

Technology – for remote workers with USBs, laptops, mobile phones on the move, companies need more than encryption which is difficult to prove after the fact. Consider geo-location tracking, technology that provides a verifiable audit trail, and the ability to destroy data remotely if it’s lost irrevocably.

Education – educating employees is paramount; especially for companies using mobile data or those with BYOD policies.

Policies and procedures – get ready now for the new EU laws. Even the 24 hour notification procedure will require time to develop.

The increase in public awareness around personal data coupled with the impending EU regulation means there’s nowhere to hide; the only viable option is to do everything in your power to avoid a data breach.

Contributed by Norman Shaw, IT industry veteran & CEO and founder of ExactTrak.

ExactTrak signs deal with AMD to secure mobile data globally

28 May 2015, London: ExactTrak, the makers of Security Guardian, today announced it has signed a deal with AMD to allow its Security Guardian technology to be embedded in AMD processors to protect against the loss and theft of mobile data.

Launched in the UK three years ago, Security Guardian by ExactTrak is the only USB key that allows users to turn on and off, or destroy data remotely without the USB being connected to a host device or the internet. With its battery, GPS, GSM and satellite functionality, users can track the location of Security Guardian and send instructions to the key via a cloud-based management console.

Companies who equip their employees with Security Guardian USB keys can control them individually from the management console regardless of the mobile device they choose to use. This includes turning on, off or destroying the data irrevocably, limiting the times or locations in which the data can be accessed and monitoring when information on the key has been added, deleted, copied or printed.

Roy Taylor, corporate VP of Alliances at AMD, commented, “In addition to the innovative technology, it was the commitment and determination of Norman and the ExactTrak team that sealed the deal for us. Data and the number of mobile devices are increasing every day which makes mobile data security a very real challenge for businesses and one that we’re happy to be working with ExactTrak to tackle head on.”

Norman Shaw, Founder and CEO of ExactTrak, commented, “This deal with AMD represents a step-change in how organisations view mobile data and we believe it has the teeth to enable mobile data security on a global scale. We’re excited about providing an exclusive range of security modules for AMD’s highly advanced processors later this year. We’re also looking forward to working closely with AMD’s partners to make global data security a reality in the very near future.”

ExactTrak and AMD expect to begin embedding Security Guardian mobile data security modules in AMD chips in the coming months with the view to devices hitting the market later this year.

~ENDS~

About ExactTrak

ExactTrak is a UK based technology company specialising in the tracking, management and protection of mobile data through its patented technologies.

Formed in 2008, ExactTrak has built a reputation of delivering leading edge, high quality solutions that enables organisations to have more control over its mobile data. With a global customer base in both Public and Private sectors, ExactTrak prides itself on being able to deliver standard and bespoke solutions by understanding the exact requirements for each customer.

All ExactTrak solutions are designed and manufactured in the UK.

ExactTrak is privately held and operates through a global network of partners.

For more information visit www.exacttrak.com

About AMD

AMD (NASDAQ:AMD) designs and integrates technology that powers millions of intelligent devices, including personal computers, tablets, game consoles and cloud servers that define the new era of surround computing. AMD solutions enable people everywhere to realize the full potential of their favorite devices and applications to push the boundaries of what is possible. For more information, visit www.amd.com. AMD, the AMD Arrow logo, and combinations thereof are trademarks of Advanced Micro Devices, Inc.

For press queries:

For media in the UK, please contact Niamh O’Grady

ExactTrak public relations

E: niamh@brightorchid.co.uk

T: 07920 023536

 For media in the US, please contact Lawrence Latif

AMD Public Relations

E: lawrence.latif@amd.com

T: (339) 293 2327

 

Zycko and ExactTrak Enter Distribution Partnership

07 April 2015

Cirencester UK, 7 April 2015 –  Zycko, an international distributor of specialist, innovative IT solutions has announced the signing of mobile data protection and data loss prevention company, ExactTrak, to its vendor solution portfolio.

ExactTrak’s comprehensive portfolio of patented mobile data protection products have been designed to meet the growing need for data security and asset recovery for remote and mobile users.  The increase in use of mobile and USB devices along with high profile cases of data and device loss has caused growing concern amongst businesses and consumers alike.  Recent changes to the law mean that organisations now face significant fines if they fail to adequately protect sensitive details and information.

Security Guardian from ExactTrak offers a futuristic solution to this ‘mission-impossible’.  Developed in conjunction with the UK MOD, Home Office, leading businesses and hardware manufacturers, ExactTrak secure USB device utilises the latest technology to encrypt, GPS track and even remotely destroy sensitive data in the event of a security breach or loss.

Zycko’s Group Technical Director, Rob Clark said: “Recent high profile reports of lost or stolen data from mobile devices, across a number of different industries, provides a strong reminder of the detrimental impact of data loss from both a financial and reputational perspective. ExactTrak’s Security Guardian product is the only mobile device that allows the tracking and destruction of mobile data remotely. ExactTrak is an exciting addition to Zycko’s growing security and protection solution that monitors, prevents and mitigates the risk of data loss.”

The unique Security Guardian solution offers a centralised management console, enabling users to manage multiple USB devices on the move but without them having to be attached to a laptop or PC.  The devices can be tracked across the globe, movements reported, and if the device is compromised it can be switched off…or destroyed at the touch of a button.

Commenting on the new relationship, Simon Cuthbert, Sales & Marketing Director at ExactTrak commented, “We are pleased to partner with Zycko to expand our sales channel. Zycko was the obvious choice for ExactTrak due to its proven expertise in selling managed services, and strong track record in taking next generation technologies that solve real business challenges to market. We look forward to the growth and opportunities that this relationship will bring to both companies.”

– ENDS –

For more information or interview opportunities, please contact:
Sarah Casey, Zycko Marketing
T: +44 (0) 1285 868 686
E: sarah.casey@zycko.com

Follow Zycko on Twitter at twitter.com/zyckouk and watch the Zycko TV channel atwww.youtube.com/zyckotv

About Zycko

Zycko is an international specialist distributor of innovative IT solutions including data networking, data storage, virtualisation, cloud, monitoring & management and data centre infrastructure. Zycko executes the due diligence on behalf of our channel partners to select leading-edge strategic technologies that provide our customers with an opportunity to differentiate in a crowded market.

Zycko’s vendor portfolio, flexible finance and logistics management is supported by true value-add professional services and resource such as pre-sales expertise, technical support, custom configuration, an industry-leading accredited training programme, full demonstration and proof of concept facilities and in-house marketing support. These vital services enable our customers to deliver profits in the shortest timeframe possible.

Zycko is privately held and operates from 14 offices across Europe.

For more information visit: www.zycko.com

About ExactTrak

ExactTrak is a UK based technology company specialising in tracking, management and protection of mobile data through its patented technologies.

Formed in 2008, ExactTrak has built a reputation of delivering leading edge, high quality solutions that enables organisations to have more control over its mobile data. With a global customer base in both Public and Private sectors, ExactTrak prides itself on being able to deliver standard and bespoke solutions to by understanding the exact requirements for each customer.

All ExactTrak solutions are designed and manufactured in the UK.

ExactTrak is privately held and operates through a global network of partners.

For more information visit: www.exacttrak.com

ExactTrak requires distributors and resellers with expertise in mobile data security

ExactTrak recently secured funding of £475k to develop the sales channel for Security Guardian, its debut product

3 rd May 2012, London: ExactTrak, the makers of Security Guardian, the only mobile data device that allows you to track and delete mobile data remotely, is searching for channel partners. Having recently secured private funding of almost half a million pounds to develop its sales channel and being named a technology partner to Becrypt, preferred supplier of cyber solutions to Government, ExactTrak is now focused on driving customer pull through for its debut product.

With the average cost to UK organisations for data breaches standing at £1.75m* and the impending new data regulations from the EU, there is a clear opportunity for resellers selling data security related products.

ExactTrak selected Fujitsu’s Global Cloud Platform to host the back-end infrastructure supporting its Security Guardian product which is sold as a managed service on a monthly subscription basis and requires a contract with a mobile telecom operator. ExactTrak, who already have an agreement with Fujitsu who can resell ExactTrak products where they add value to an existing contract, is now looking for distributors and resellers with expertise in selling managed services rather than the traditional box-shifters.

The product is unique in its ability to produce a verifiable audit trail for mobile data. This feature is important for businesses looking to stay compliant with data handling regulations as it allows companies to prove that they remain fully in control of their data. Prospective partners working in the financial, health, government and legal sectors are therefore a primary target for ExactTrak.

Norman Shaw, managing director at ExactTrak, comments, “We believe that the Security Guardian product offers huge potential for the right distributor or reseller. With the EU regulation set to become much stricter and the inevitable spike in remote working in London during the Olympics, businesses need to put policies and procedures in place to secure their mobile data and they need to do so now. We’re excited about the opportunity this represents for our product and are looking forward to working with a committed channel partner to maximise that opportunity.”

The Security Guardian product from ExactTrak is based on the Company’s own patented technology. It is the first device of its kind with the ability to supply a verifiable audit trail, and is compatible with all main AES 256 encryption products; additional security features can also be built in by companies as they are required. However, encryption alone cannot ensure the security of data, so the memory on the device can be turned on or off (irrevocably if required) by coded command from either the management console or by text message from an authorised number. In a request from the defence sector, a version of Security Guardian exists which can actually physically destroy the memory chip within the device.

~ENDS~

About Security Guardian:

The product is a USB memory stick with inbuilt software, linked to an online monitoring platform, the combination of which safeguards against the biggest problem with mobile data security; human error. It has granted patents, been recognised with national awards and has built around it key partnerships to provide an end-to-end breakthrough in data encryption and device security.

About ExactTrak:

Established in 2008 and privately funded, the company has a core team of five individuals with sales & marketing, finance and technical expertise. The company has been developing and testing its technology, whilst advancing its business plan and operations and has secured international patents via a £60k Government award. ExactTrak’s main product, Security Guardian is an encrypted USB storage device with embedded GPS and GSM modules, complete with remote access and location tracking capabilities.

http://www.securityguardian.uk.com

For press queries: Niamh O’Grady or Harry Unwin, Kwittken + company on behalf of ExactTrak

Email: nogrady@kwitco.com

Email: hunwin@kwitco.com

Tel: 020 7401 8001

ExactTrak named as Technology Partner to Becrypt

Security Guardian, the ‘Fort Knox’ of USB memory keys secures backing from the Government’s primary IT security supplier

24 April 2012, London: ExactTrak, makers of Security Guardian, the only USB memory key that allows you to completely delete your data remotely has been chosen as a technology partner by Becrypt, supplier of cyber security solutions to Government, federal agencies, defence and the wider public sector.

The product, that allows users to turn data on and off remotely and can be located via GPS, has been tested and proven to work with the full range of Becrypt’s products and solutions.

The partnership adds immediate credibility to the ExactTrak company and its’ debut product, Security Guardian. Commenting on the partnership, Norman Shaw, MD and Founder of ExactTrak said, “We were put in touch with Becrypt at an early stage in the development of our inaugural product by the Government’s own IT security team and we’ve been working with them closely ever since. As a renowned player in the Government and defence sector, they have been an excellent sounding board for us and we hope to be able to open up markets that Becrypt have previously not been focused on.”

Shaw continued, “Being named as one of Becrypt’s technology partners is a result of our close working relationship with them and is as important to us as our recently secured funding of half a million pounds.” Bernard Parsons, CEO of Becrypt commented, “The Security Guardian product from ExactTrak is an exciting addition to the current marketplace. We’ve been in a privileged position whereby we’ve been involved with the development of the product so have first-hand knowledge of its potential which made the decision to add ExactTrak to our technology partners an easy one. We look forward to jointly presenting Security Guardian to prospects and watching the company go from strength to strength.”

The Security Guardian product from ExactTrak is compatible with all main AES 256 encryption products and additional security features can also be built in by companies as they are required. However on the basis that encryption alone does not ensure the security of data, the device has been designed so that the memory on the device can be turned on or off (irrevocably if required) by coded command from either the management console or by text message from an authorised number. In a request from the defence sector, a version of Security Guardian exists which can actually physically destroy the memory chip within the device.

As part of ExactTrak’s new status as Becrypt’s technology partner, the Security Guardian product will be included on the Becrypt stand at the upcoming Infosecurity Europe conference and exhibition at Earls Court, 24-26th April 2012.

~ENDS~

About Security Guardian: The product is a USB memory stick with inbuilt software, linked to an online monitoring platform, the combination of which safeguards against the biggest problem with mobile data security; human error. It has secured patents, been recognised with national awards and has built around it key partnerships to provide an end-to-end breakthrough in data encryption and device security.

About ExactTrak: Established in 2008 and privately funded, the company has a core team of five individuals with sales & marketing, finance and technical expertise. The company has been developing and testing its technology, whilst advancing its business plan and operations and has secured international patents via a £60k Government award. ExactTrak’s main product, Security Guardian is an encrypted USB storage device with embedded GPS and GSM modules, complete with remote access and location tracking capabilities.

For press queries:

Niamh O’Grady or Haifa Varju, Kwittken + company on behalf of ExactTrak

Email: nogrady@kwitco.com

Email: hvarju@kwitco.com

Tel: 020 7401 8001

ExactTrak secures £475k funding from private investors

Viscount Bearsted, Simon Thorpe, Richard Foskett and others named as private investors in ExactTrak

27 March 2012, London: ExactTrak, the makers of Security Guardian, the only USB memory key that allows you to track and delete mobile data, has secured private investment of almost half a million pounds. The funding was managed by Nortons Corporate Finance and was raised to allow ExactTrak to develop the sales channel and drive customer pull through for the Security Guardian product.

ExactTrak worked with Nortons Corporate Finance to locate private investors who could contribute not only cash but also specific skills which would help secure ExactTrak’s future. They brought on board the following private investors:

  • Viscount Nicholas Bearsted is a regular investor in early stage companies, mainly in the UK; he has mainly worked in IT. Lord Bearsted provides experience on developing overseas markets and can assist in manufacturing cost reduction
  • Simon Thorpe is a qualified Chartered Accountant (ACA). His last role at UBS was Global COO, Equity Research. With his financial background, Thorpe will be able to assist in strategic planning and structure as well as advice on sales into the financial industry. Simon Thorpe has been appointed as Chairman.
  • Richard Foskett, ex CEO of Rhetorik brings marketing and sales experience to the company.
  • Dave Holman, ex CEO of Becrypt came on board as a non-executive director bringing with him vast knowledge of the information security landscape
  • Norman Shaw, founder of the company remains as managing director responsible for the day-to-day running of the company
  • John Pragnell, who is also an investor, continues as CTO with responsibility for product development and deployment support
  • Bhodi Sunth continues as the Finance Director

Commenting on the deal, Andrew Norton from Nortons Corporate Finance said, “ExactTrak is exactly what we look for in a client. The product has clear market value, is globally scalable and can drive recurring revenue. We had a breadth of interest in ExactTrak from institutions as well as private investors and are delighted to have been able to meet the client’s brief of getting private individuals involved with the requisite skills, willingness and drive to push the company forward.”

Investor and Chairman, Simon Thorpe, added, “ExactTrak is an exciting and dynamic company which has developed a product so incredibly relevant for today’s businesses, it’s surprising it didn’t yet exist. The issues with losses of confidential data and personal information are relentless and with existing regulation from the ICO coupled with potentially more stringent regulation from the European Commission, businesses have no choice but to secure their mobile data. I’m looking forward to seeing first-hand what the next product innovations from the team at ExactTrak will be.”

The Security Guardian product from ExactTrak is based on the Company’s own patented technology. It is the first device of its kind with the ability to supply a verifiable audit trail, and is compatible with all main AES 256 encryption products; additional security features can also be built in by companies as they are required. However, encryption alone cannot ensure the security of data, so the memory on the device can be turned on or off (irrevocably if required) by coded command from either the management console or by text message from an authorised number. In a request from the defence sector, a version of Security Guardian exists which can actually physically destroy the memory chip within the device. The product is sold as a managed service on a monthly subscription basis and requires a contract with a mobile telecom operator.

~ENDS~

About Security Guardian: The product is a USB memory stick with inbuilt software, linked to an online monitoring platform, the combination of which safeguards against the biggest problem with mobile data security; human error. It has granted patents, been recognised with national awards and has built around it key partnerships to provide an end-to-end breakthrough in data encryption and device security.

About ExactTrak: Established in 2008 and privately funded, the company has a core team of five individuals with sales & marketing, finance and technical expertise. The company has been developing and testing its technology, whilst advancing its business plan and operations and has secured international patents via a £60k Government award. ExactTrak’s main product, Security Guardian is an encrypted USB storage device with embedded GPS and GSM modules, complete with remote access and location tracking capabilities.

http://www.securityguardian.uk.com/

For press queries:

Niamh O’Grady or Harry Unwin, Kwittken + company on behalf of ExactTrak

Email: nogrady@kwitco.com

Email: hunwin@kwitco.com

Tel: 020 7401 8001

 

ExactTrak launches Security Guardian, the ‘Fort Knox’ of USB memory keys

Industry is for the first time able to locate, delete and track portable data

08 February 2012, London: Security Guardian, the only USB memory key that allows you to completely delete your data remotely is to be commercially available from today. The product is fitted with a battery, GPS and GSM. These features allow the user to know not only where it is but also permanently give the user the ability to control the memory stick through the cloud-based management console, even when it is not connected to any device or the internet. It is the first device of its kind with the ability to supply a verifiable audit trail using ExactTrak’s own patented technology.

The Security Guardian product from ExactTrak is compatible with all main AES 256 encryption products and additional security features can also be built in by companies as they are required. However on the basis that encryption alone does not ensure the security of data, the device has been designed so that the memory on the device can be turned on or off (irrevocably if required) by coded command from either the management console or by text message from an authorised number. In a request from the defence sector, a version of Security Guardian exists which can actually physically destroy the memory chip within the device.

The product is unique in its ability to produce a verifiable audit trail. This feature is important for businesses looking to stay compliant with data handling regulations as it allows companies to prove that they remain fully in control of their data, even when it is not in their immediate proximity. Similarly the ability to turn data on and off is vital for individuals travelling to certain parts of the world where encrypted data is illegal – Security Guardian avoids this problem by turning off the data until required later.

Norman Shaw, managing director at ExactTrak, comments, “We’re delighted to be launching Security Guardian following four years of research, development and piloting schemes. We believe that this product will be a real game changer for managing mobile data as its proactive use has the capacity to fundamentally change the commitment corporate operations can give regarding the safety of their data. The product is sold on a service-contract basis, similar to that of a mobile phone which means that it can be treated as an operational expense as opposed to the all too often restricted capital expenditure items.“

Becrypt security solutions have been tested and found to be compatible with Security Guardian, particularly their award winning Trusted Client. In addition, Security Guardian are currently in proof of concept trials with a leading global bank, an international oil company, a Formula 1 team, a System Integrator for the defence sector as well as Central and Local Government services.

The devices can be equipped with either 16 or 32GB storage. ExactTrak selected Fujitsu’s Global Cloud Platform to host the back-end infrastructure supporting its Security Guardian product and they are sold through OEM’s, resellers and specialist integrators as a managed service on a monthly subscription basis and require a contract with a mobile telecom operator.

~ENDS~

About Security Guardian: The product is a USB memory stick with inbuilt software, linked to an online monitoring platform, the combination of which safeguards against the biggest problem with mobile data security; human error. It has secured patents, been recognised with national awards and has built around it key partnerships to provide an end-to-end breakthrough in data encryption and device security.

About ExactTrak: Established in 2008 and privately funded, the company has a core team of five individuals with sales & marketing, finance and technical expertise. The company has been developing and testing its technology, whilst advancing its business plan and operations and has secured international patents via a £60k Government award. ExactTrak’s main product, Security Guardian is an encrypted USB storage device with embedded GPS and GSM modules, complete with remote access and location tracking capabilities.

For press queries:

Niamh O’Grady or Harry Unwin, Kwittken + company on behalf of ExactTrak

Email: nogrady@kwitco.com

Email: hunwin@kwitco.com

Tel: 020 7401 8001