Verifia Joins the Financial Services Technology Consortium
Membership to Enhance Company’s Financial Services Expertise

Mountain View, California – September 3, 2002

Verifia™ Inc., a leading provider of Internet identity authentication solutions, announced today that the company has joined the Financial Services Technology Consortium (FSTC). The company’s membership in the FSTC reflects Verifia’s continued commitment to keeping abreast of the latest business and technology issues pertaining to the financial services market, and to participating in the industry’s development of interoperable open-standard technologies.

“Verifia has joined the FSTC in order to better serve our enterprise clients and to ensure that the company’s significant technical expertise is utilized in the creation of next-generation online security technologies,” said Michael Yang, Verifia Co-founder, President and Chief Executive Officer. “As a member of the FSTC, we have a forum in which to share Verifia’s deep understanding of the Internet infrastructure as it pertains to the financial services industry, particularly in the areas of login authentication and online fraud prevention.”

“The FSTC welcomes Verifia as a member of our organization,” said Zachary Tumin, Executive Director of the FSTC. “Their knowledge of identity theft prevention will add significantly to the collaborative efforts of the consortium as we work to develop new standards of Internet security, particularly in the area of online transactions.”

Verifia expects to provide the greatest value to the FSTC through participation in the consortium’s Security and Infrastructure Standing Committee, as well as in the organization’s Authentication Special Interest Group. The company’s TiP (Theft of Identity Protector) solution represents a new, unobtrusive category of online fraud prevention technologies that can significantly increase a system’s level of security with minimal disruption to the client organization or to the end user.

About the Financial Services Technology Consortium (FSTC) (www.fstc.org)

The Financial Services Technology Consortium is a consortium of leading North American- based financial institutions, technology vendors, independent research organizations, and government agencies. FSTC sponsors collaborative technology development pilots, proofs-of-concept, tests, and demonstrations supported by member financial institutions and technology companies. Its aim is to bring forward interoperable, open-standard technologies that provide critical infrastructures for the financial services industry. FSTC members use these same infrastructures to bring their own products and services to the marketplace, stimulating customer interest and earning consumer confidence, and enhancing the position of financial services institutions in the marketplace.

About Verifia™ Inc. (www.verifia.com)

Verifia Inc. (formerly NetGeo) is an innovative provider of Internet authentication and identity verification solutions. The company provides enterprises with powerful software protection against system breaches that could lead to the theft of online information and result in fraudulent transactions. Verifia’s products enable companies to better protect their corporate and customer data by flagging abnormal user behavior patterns as potential cases of identity theft. The company’s solutions are designed to integrate seamlessly with existing systems and are scalable and fast. Verifia’s technology is based on an adaptive intelligence engine that not only provides valuable data about consumer Internet use, but also verifies and updates this information continuously. In this way, Verifia creates a dynamic profile of the web user and how he/she typically interacts with a particular web site. Moreover, the company’s technology transparently analyzes multiple data points such as Internet Protocol (IP) addresses, web user trends, and user behavioral data, yielding valuable business intelligence in real-time, without having to install software on the end-user’s machine. As such, Verifia enables the gathering of significant user intelligence with minimal user experience disruption and personal privacy intrusion.

Founded by Michael Yang, the former Co-founder, President and CEO of MySimon, Verifia has a growing list of customers and partners in the U.S. and abroad including Experian, HNC Software, and US Search. Verifia is a privately held company funded by LG Venture Capital, Alps Information Technology Fund, Daesung Corporation, and angel investors, including Michael Yang. The company is located in Mountain View, California in Silicon Valley and can be reached at info@verifia.com or at +01 (650) 318-8000.

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Contact:

Kristina Jade Yee
Verifia Inc.
Senior Director of Marketing
650-318-8000, ext. 506
kyee@verifia.com