Prevari WINNER OF THE 2004 INNOVATOR OF THE YEAR AWARD OPENS NEW YORK OFFICE - Market Need for Technology Risk Measurement Drives Expansion

NEW YORK - October 1, 2004 - Prevari, creator of the award winning Technology Risk Manager technology risk modeling solution, is expanding its practice to the East Coast in response to growing demand from financial organizations to better manage their information security spending and improve technology risk management.

Jim Hurley, Aberdeen vice president of risk, security and compliance, stated "A quantifiable risk management methodology that is specific to security, but that mirrors proven techniques for managing business risk would go a long way toward delivering the flexibility needed by the CXO leadership team, including the CIO."

Technology Risk Manager is currently being deployed within financial services organizations in order to support the critical needs of both the CFO and CRO. Technology Risk Manager models technology risk in order to serve as a performance benchmark for process improvement efforts in the areas of information security planning and implementation, and demonstrating compliance.

The quantifiable risk index, output by Technology Risk Manager, measures an organization's level of technology risk on a scale of 0, indicating low risk, to 100, indicating maximum risk.

Because information security planning and compliance are about managing technology risk over long periods of time, Technology Risk Manager provides organizations with a tangible risk model that enables consistent and objective risk measurement each time it is repeated.

Prevari financial clients have noted that scanning systems are good for polling networks and searching for holes yet, they really don't quantifiably measure technology risk. With the statistical models output from Technology Risk Manager, information security personnel can now communicate security needs more clearly to corporate business heads.

"Executives and security practitioners share the common challenge of not being able to communicate technology risk and security through a quantifiable means," said Art Drake, Prevari director of business assurance services. "Used in a repeatable manner over time, Technology Risk Manager arms executives and security practitioners with a common technology risk language that can be incorporated into an organization's security scorecard process, ultimately reducing technology risk and associated IT security costs. The powerful "what if" modeling feature of Technology Risk Manager, allows users to analyze the impact of future risk mitigation options prior to making any security investment or making critical operational changes."

Due to the success of numerous Technology Risk Manager implementations in the Midwest, Prevari is expanding to the East Coast. With Technology Risk Manager, financial organizations can now quantifiably model technology risk with the goal of ultimately decreasing technology risk and associated spending.

About Prevari
Prevari is dedicated to applying process and quality assurance principles to technology risk management, planning and implementation. KoniKaye Jeschke, president and ceo, was recently awarded the Finance-Commerce 2004 Innovator Of The Year award for development of Technology Risk Manager, a breakthrough approach to quantifiably modeling business technology risk.