David Franklin, former VP of Sales for nCipher, has assumed his new position as VP of EMEA. He brings 16 years' experience driving and managing sales operations for global organisations, and joins TriCipher to design and manage sales and growth strategies throughout EMEA.

The company also announced that Garry Sidaway, former Head of Product Marketing and Business Solutions for Cybertrust, joins TriCipher as Principal Consultant in the UK. Garry has a strong proven track record in advising major organisations on risk management and business continuity.

There are 18 million users of online banking in the UK and there has been considerable growth over the last six years in particular. As the number of online bankers grow, so too does the regularity and complexity of PC attacks capable of identity fraud and theft. In fact, online fraud has risen 50 per cent in the last year reaching a staggering £33 million. TriCipher provides a unified authentication infrastructure to protect the B2B and B2C online channel against fraud and identity theft.

"TriCipher has all the right solutions needed to become the leading player in the online security market as cybercrime becomes more sophisticated. The company is well positioned to capture a major share of the authentication market and in my new role as VP of EMEA, and with the addition of a respected colleague and companion in Garry Sidaway, we look forward to introducing TriCipher's solutions more deeply into the European community," said Franklin.

John De Santis, Chairman and CEO of TriCipher commented: "Cost and inconvenience have been deterring European banks, retailers and e-commerce organizations from moving more of their business online. TriCipher has created a powerful single platform able to handle the full range of credentials �" from the weakest password to the strongest smart card �" in a way that is neat, secure and cost effective. Through our breakthrough technology we have increased the strength of credentials, lowered their cost and made them much more convenient to deploy than ever before. For the first time institutions can build up their online business safe in the knowledge that there is a future-proof and effective solution to support them."