Press Release

 Minneapolis, MNSeptember 20, 2006

Minnesota Building Trades Federal Credit Union Selects Sig-Tec Corporation’s Biometric Solution for Secure Logical Access 

Minneapolis, MN  (September 14, 2006) Sig-Tec Corporation, a leading developer, provider and integrator of enterprise security software solutions, announced the deployment of a biometric security software solution at Minnesota Building Trades Federal Credit Union, a 97 million dollar financial institution with multiple branches in Minnesota. Minnesota Building Trades Federal Credit Union has selected Sig-Tec’s MPD and SPD software, enterprise security solutions and audit software, combined with Silex biometric fingerprint readers to strengthen the security of its computer systems.  By incorporating this leading technology into its security infrastructure, Minnesota Building Trades Federal Credit Union is demonstrating that it places high importance on the responsibility of information security.

"We were looking for a product that would provide multi-factor secure access on our systems while not making it inconvenient for the staff to log into their systems," said Minnesota Building Trades Federal Credit Union President/CEO Leesa Husak. “Sig-Tec’s enterprise solution provided us with information security software that was easily implemented by Sysconsultis Ltd. (a Sig-Tec value-added reseller). We found it simple and quick to integrate across our network. The National Credit Union Administration (the credit union regulatory agency) is really pushing for strong user authentication.” 

“The Sig-Tec products provide a solution to financial institutions that allow them to better control access to networked systems and eliminate the administrative burden of password management,” said Sysconsultis’ President/CEO Leonard Jacobs.

"Security is undeniably the most serious challenge facing all financial institutions today.  Financial institutions are not only confronted with the security concerns that all businesses face, but also the ongoing pressure to comply with the Gramm-Leach-Bliley Financial Modernization Act of 1999," said Thomas Hoghaug, Sig-Tec's Chief Executive Officer. “Sig-Tec's expertise and success implementing biometric security solutions are ideally suited to protect the sensitive data found in financial environments, which we believe is reflected by our continued success in the banking and financial services market."

Robert Hoghaug, VP and CTO, states that “Sig-Tec’s proprietary and full replacement GINA, versus the commonly implemented pass-through GINA, is the engine that provides our clients with a solution for strong authentication, true multifactor authentication or any combination of multifactor authentication for the user.  In the banking industry, with its stringent regulations and security requirements, a full replacement GINA is the only choice to ensure that client information is secure!”

 

 

 

 

 

 

About Sig-Tec Corporation

Sig-Tec Corporation is an emerging leader of logical access, secure identity management software solutions.  The company’s security software can either ENHANCE existing user id(s) and password(s) or completely ELIMINATE the need for the traditional barriers to user data access, such as user id(s) and password(s) through the use of proximity, biometrics and/or token systems and devices. Sig-Tec is a respected developer of security software that features strong authentication including true multifactor authentication, auto-password generation and synchronization.  Sig-Tec has designed its products to aid in compliance with regulatory security requirements such as HIPAA, Gramm-Leach-Bliley, U.S. PATRIOT Act, and Sarbanes-Oxley.

Sig-Tec is headquartered in Chanhassen, Minnesota. Sig-Tec products are distributed through a dedicated sales team, as well as a network of value added resellers, system integrators, OEMs and valued partners. For further information call John Sherman of Sig-Tec at 952-294-3050/3040 or visit www.Sig-Tec.com

 

About Minnesota Building Trades Federal Credit Union

Minnesota Building Trades Federal Credit Union (MBTFCU) is a financial cooperative, owned and operated by its more than 15,000 members. Organized in 1972, MBTFCU is a $97 million financial institution. Its mission is to be its members’ first choice for financial solutions.  MBTFCU has offices in Maple Grove, Shoreview, Inver Grove Heights, and Minneapolis.  For further information, visit:

www.mbtfcu.com or call 763-315-3888.

 

About Sysconsultis Ltd.

Sysconsultis is a premier provider of information security and technology support services.  Sysconsultis specializes in making client’s systems secure.  Services provided range from security testing of systems and networks to implementing secure systems.  Sysconsultis is headquartered in Savage, Minnesota.  Sysconsultis is a value-added reseller of many information security products including Sig-Tec’s secure access products.  For further information, visit:

www.sysconsultis.com or call 612-282-2193.