Retex and Procinct Join Forces to Help Retail Industry Attack Growing Internet Security Threats
CONTACT:
Irish McIntyre
Procinct Security Corporation
+1-415-395-2945 or Irish@procinct.com
or Patricia Maglio of Retex
+1-212-563-9405 or pmaglio@retex.com
The Nation`s Largest Retail Consortium Selects Procinct as Exclusive Security Partner
National Retail Federation Conference, NEW YORK, Jan. 13 -- In a move to thwart growing Internet security
threats in the retail industry, Retex, the nation`s largest retail technology buying consortium, representing more than 2,300 retail members, announced that it has selected Procinct Security to be its exclusive security partner. Retex chose Procinct to provide its members a cost effective way to monitor and manage their Internet systems on a moment-by-moment basis, empowering its members to detect and prevent security threats associated with today`s on-line world. Today`s announced alliance represents a major step in protecting consumers from e-commerce fraud.
According to Charles Presti, President of Retex, "With the increase of online buying and new government legislation, retailers are being called upon to ensure their Internet infrastructure is secure. Procinct`s ProSentry(TM) provides our members with a cost effective way to continuously monitor their Internet facing systems for vulnerabilities." Mr. Presti continued, "In addition, new legislation, such as the California Security Breach Notification Law, set to go into effect in July of 2003, necessitates that our members take the high road when it comes to consumer privacy and security. ProSentry automates that process by continuously scanning their systems and notifying key people when there is a change."
ProSentry, Procinct`s flagship offering, helps companies prevent hackers from compromising their Internet systems. It offers organizations a powerful Internet monitoring service that is non-intrusive, cost effective and easy to use. Utilizing an automated scanning process, ProSentry quickly detects and alerts employees to vulnerabilities, suspicious changes, and unexpected outages in a company`s systems. In addition, ProSentry provides executive level visibility of critical information through a comprehensive suite of reports that can be used to evaluate a company`s ongoing business risks.
"Procinct is extremely pleased to be working with Retex, the Nation`s leading buying consortium, and its roster of elite retailers," stated Sarah Kenna Groark, CEO of Procinct Security. "We look forward to helping Retex members manage, monitor and track their Internet security risks in a cost effective, easy to implement way. Our ProSentry offering will provide the retail industry with a level of unprecedented protection against the onslaught of attacks on their e-commerce systems."
Retex and Procinct will be exhibitors at the National Retail Federation`s (NRF) 92nd Annual Conference and Expo at Jacob Javits Convention Center in New York City on January 13-14, 2003 in booth #300.
About Retex
Retex, founded by 12 retailers in 1992, assists both small and large retailers by leveraging their buying power for services such as Communication -- voice, data, internet, conferencing and satellite; Auditing and Bill Payment; Consulting -- energy, networks, business and technology and internet; Transaction Processing -- bank card and Electronic Payment Authorization & Data Delivery. These products and services are provided by Retex`s business partners including, AJB Software, Chase Merchant Services, Hughes Network Systems, Audit-Tel, World Energy Exchange, and Genesys Conferencing. In addition to substantial invoice discounts, Retex members receive rebates on many programs and a potential year-end dividend. Since its inception, Retex has returned $100 million to its membership.
About Procinct Security
We automate paying attention(SM). Procinct Security Corporation is dedicated to developing cutting edge information security software solutions that help clients across all industries secure their Internet infrastructure. Procinct, provider of the ProSentry(TM) Internet Security Monitoring service, is comprised of senior software architects and trustworthy security professionals who hold sensitive security clearances and CISSP and SANS GIAC security certifications. Procinct also provides a wide range of security consulting services. Procinct is a charter member of the Center for Internet Security and an independent member of the BDO Seidman Technology Alliance.
For more information, please visit the Procinct website at http://www.procinct.com/ and its ProSentry website at http://www.prosentry.com/, or call 415-395-2945.
NOTE: Procinct, Procinct Security, the Procinct Security logo and ProSentry are trademarks or registered trademarks of Procinct Security Corporation in the United States and other countries. "We Automate Paying Attention" is a service mark of Procinct Security Corporation. All other product and company names mentioned herein are the property of their respective owners.
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