Gradian Attack Fraud and Recession-Fuelled Security Fears

* Gradian Systems Ltd (Gradian) bring trail-blazing authentication technology to
UK
* Innovative Cidway mobile technology cuts identity theft and fraud
* Adoption by consumers and businesses could tackle £609m UK fraud losses, and
reverse recent rise in security concerns

ALTON, United Kingdom & LAUSANNE, Switzerland--(Business Wire)--
Gradian has joined forces with Swiss technology group Cidway to help UK
businesses and consumers tackle identity theft and fraud. From today, Gradian
will provide Cidway`s ground-breaking technologies for mobile phones that make
transactions like online banking, remote access or mobile payment much more
secure.

By using unique PINs and one time passwords, enabled over mobile phone based
applications, Cidway protects customers from rising security risks and attacks
such as phishing (fake emails and websites designed to gain customers` account
details) or man-in-the-middle (fraud in which the attacker makes independent
connections with the victims and relays messages between them to change
transaction details). Cidway products are already being deployed by banks,
governments and enterprises right across Europe, Middle East and Asia.

This clever technology has never been needed more. The latest Unisys Security
Index revealed that almost three-quarters (72 per cent) of UK citizens believe
they are at greater risk from identity theft and related crimes such as credit
card fraud as a result of the financial crisis. According to the recent study,
88 per cent of consumers are concerned about other people obtaining and using
their credit card, debit card or bank account and another 88 per cent are
concerned about others gaining unauthorised access to or misusing their personal
information. These worries are supported by evidence from APACS, the payments
industry association, which saw total fraud losses on UK debit and credit cards
rise by 14 per cent to £609m last year.

Damian Acklam, Managing Director, Gradian, said "Cidway`s technology is a
revelation in the fight against identity theft and fraud, and I`m genuinely
excited about the tangible difference it will make to individuals and
organisations alike. I`m proud to be the sole UK supplier of Cidway products at
a time when protecting finances is paramount."

Gustavo Racioppi, CEO, Cidway, said "Gradian`s broad knowledge and expertise in
data security and managed networks means they are the perfect partner to share
Cidway`s technology with their customers. We`ve cut fraud and saved money for
people in many other parts of the world, and I`m looking forward to seeing
success stories develop in the UK."

About Gradian Systems Ltd
Gradian is one of the UK's leading enterprise security solutions providers,
specialising in messaging applications. Its principle activities include the
provision of technology and services to regional, national and international
firms focused on mitigating IP, governance, compliance, and data security risks
associated with the proliferation of mobile devices, users and applications.

With unrivalled support and service offerings Gradian currently help over 150
customers across the UK and Europe communicate more effectively, and securely.

For more information, see www.gradian.co.uk

About Cidway
Cidway is a global technology group headquartered in Switzerland that offers a
unique and distinctive portfolio of integrated security solutions. Driven by the
constant technological evolution of our world, Cidway is committed to ensure our
society`s daily interactions by resolving authentication and security issues.
With over ten years of intensive development and innovations in authentication
and digital signature, Cidway is shaping the future in authentication, mobile
payment and homeland security.

For more information, see www.cidway.com

Gradian Systems Ltd
Damian Acklam
t: +44 (0)1420 540705
e: damian.acklam@gradian.co.uk

Copyright Business Wire 2009