OAKLAND, Calif., March 21, 2017 /PRNewswire/ -- Three eminent technology leaders have joined forces to launch BOHH Labs, with the goal of turning the tide against the skyrocketing costs of banking security breaches. Simon Bain, Damion Hänkejh and Ken Hawkins bring a combined 75 years of security technology experience, four patents with six pending, international corporate pedigrees spanning Hewlett Packard Labs, Amazon, Oracle, and deep experience in online banking and money transfer technology.
The World Economic Forum estimates that the global cost of cybercrime could reach a staggering $6 trillion by 2021, and banking and financial organizations are prime targets. As ransomware, credit card fraud, phishing, keylogging and malware-based attacks continue to gain traction, the banking industry is at ever increasing risk from costly hacks that grow more intricate and difficult to prevent each day, as well as continued pressure to provide more secure, faster, and convenient services to customers.
"The current cybersecurity landscape has serious ramifications for the banking industry, and today's transaction infrastructures require a new approach to defeat the increasingly sophisticated daily attacks that threaten banks' infrastructure, brand and bottom line," said Simon Bain, Founder and CEO, BOHH Labs. "Our goal is to provide the most secure real-time messaging platform for FinTech, and transform banking security to become more dynamic within the existing system, redefining how FinTech organizations securely transport account data without compromising performance, speed or customer accessibility."
The BOHH Labs senior leadership team has a distinctive track record bringing together innovators and growing and leading billion dollar companies to exits in the cyber security, FinTech and Internet sectors. Key accomplishments include:
- Simon Bain, Founder, Chief Executive Officer, Director – Simon has been a recognized leader in the IT industry for more than 20 years, and is best known for developing innovative security and search applications. Simon has worked with Abbey National (Santander) on its online banking platform, as well as other banks including Co-operative where he helped them with the SWIFT banking schema. He is also called upon by leading companies and governments to devise secure yet user-friendly solutions to high stakes initiatives, such as the first online voting application to be granted security clearance for use on interactive digital TV in the UK. Bain holds four patents with six pending on search and security.
- Damion Hänkejh, Founder, Chief Strategy Officer, Director – Damion began his career as the first teenager in the Hewlett Packard R&D lab, serving as the company's youngest systems analyst. His work has earned him a series of accolades, from being the Smithsonian Laureate awarded CTO at Virtual OR to CTO of Majestyk Apps, the 2014 IBM Watson Mobile Developer Challenge Award winner. Damion invented Internet customer service before IBM coined the term "eCommerce" as the founder of InstantService.com, the first and largest carrier-class telecom platform for live customer service (acquired by Oracle in a $1 billion roll-up, and now Oracle Live Help).
- Ken Hawkins, Chief Technology Officer – Ken brings a deep history of Internet entrepreneurialism and experience. He served as CTO of Payz, director of technology of Broadjam.com, as well as holding several leadership positions at Amazon, where he tied in AOL's shopping experience with Amazon.com's processes and delivery systems. Ken also served as the chief architect of InstantService, the first interactive customer service portal on the Internet, which subsequently became Oracle's Live Agent.
To learn more about BOHH Labs, visit www.BOHH.io.
About BOHH Labs
BOHH Labs has ushered in a new era of security for the FinTech market with a multifaceted solution that immunizes networks from brute force attacks, man-in-the-middle hacks, and quantum decryption. Built on a validated portfolio of patented IP, our security solution automatically invalidates data when accessed by intercepting parties and unauthorized users. BOHH autonomously reacts to internal and external threats in real-time, ensuring all incoming and outgoing messages are transacted securely. With this approach, FinTech organization can protect their banking infrastructure, brand and bottom line from the imminent threat of attacks without compromising speed or customer accessibility. BOHH Labs is headquartered in Oakland, CA, and has offices in Atlanta, GA, and New York. For more information, visit http://bohh.io/
SOURCE BOHH Labs