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|Celebrated technology leaders come together to tackle devastating data loss in banking|
|Thursday, 23 March 2017|
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 organisations 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 cyber security 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 organisations 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 billionaire 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 recognised 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 CTO at Virtual RO and co-inventor of the technology that won the 1999 ComputerWorld Smithsonian Award 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.
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