FraudSciences Appoints Yossi Barak as COO
10/29/2007

PALO ALTO, Calif., Oct. 29  /PRNewswire/ -- FraudSciences Corp., the leader in guaranteed online credit-card-not-present fraud detection and protection, today announced that Yossi Barak has been appointed as its chief operating officer. Barak is responsible for overseeing all day-to-day operations in Israel and enabling FraudSciences to excel while maintaining a high level of growth.

"As COO, Yossi adds an invaluable dynamic to FraudSciences," commented Gadi Maier, CEO and president of FraudSciences. "Yossi brings nearly 20 years of experience to FraudSciences in research and development, engineering and strategic management. His industry knowledge gives him a unique standpoint and the necessary expertise through which he will enable FraudSciences to operate and grow efficiently."

Before joining FraudSciences, Barak held a series of progressively responsible positions in technology companies. He spent a year as a senior engineering manager and site manager at IBM Israel Software Labs. Prior to joining IBM, Barak served as senior vice president of research and development and general manager of Banter Israel, which was acquired by iPhrase (Israel) Ltd. in 2004. Prior to that, Barak held managing and engineering positions at Ubique Ltd., Lucent Technologies, IEX Corporation and Elbit Computers.
"I firmly believe in running customer-driven operations and hope to bring to the table some new ideas that will help FraudSciences grow and succeed," said Barak. "I look forward to working with such a talented team and to the challenges and opportunities that this position will bring."

Barak holds an M.B.A. in Strategic Management from Hebrew University, Jerusalem and a B.Sc in Computer Science from the Technion Israel Institute of Technology.

About FraudSciences
FraudSciences is the leading innovator in online credit card fraud prevention.  Following years of intensive research, FraudSciences has developed a technology that differentiates between real and fraudulent transactions with unprecedented accuracy. Using this groundbreaking technology, FraudSciences offers a unique transaction verification service that guarantees 100% protection against fraud chargebacks, allowing merchants to expand into new markets and increase their bottom line. FraudSciences customers include leading names in e-commerce such as TheWatchery.com, NetShops, Adorama Camera and Goldspeed.com, and is backed by BRM Capital and Redpoint Ventures. For more information visit http://www.fraudsciences.com/.

FraudSciences Corp.




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