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41st Parameter Inc., the leading provider of fraud detection and prevention technology, today announced that J. Peter Selda will join the company as president, chief executive officer and member of the board of directors. Selda brings more than 35 years of executive management, sales and marketing experience to 41st Parameter, with significant operational success specifically in the IT security sector. Selda held the position of president and CEO of WholeSecurity, Inc., where he led the company from incubator pre-product stage through a successful commercial launch and subsequent strategic acquisition of its acclaimed behavioural-based anti-phishing and malware detection solutions by Symantec in 2005.