LONDON – 2 April 2012 – Mako Networks, a cloud-based network management and security company specializing in card fraud risk reduction, today announced a new distribution agreement with leading Swedish IT security service provider Securecom AB, making Mako’s security solutions available for the first time in the Nordic region.

Securecom will promote, support, and supply Mako’s network security solutions to resellers and service providers in the region at a time when solutions to protect the Nordic Small to Medium Enterprise (SME) market remain sorely needed.

Sweden, for example, has experienced a 31 percent rise in fraud activity since 2006, while Norway has fared even worse, growing fraud by 75 percent during the same period, according to FICO. The company claims this growth has focused attention within Sweden and the other Nordic countries on developing new fraud reduction strategies.

In all, Europol estimates organized crime groups in Europe make about €1.5 billion (US$2 billion) a year from payment card fraud.

Mako’s System consists of a range of network appliances designed for the SME market, configured and managed in the cloud through a secure Central Management System. Mako Networks has been certified as a Payment Card Industry Data Security Standard (PCI DSS) Level 1 service provider since February 2010, attesting to the security of the Mako solution for both general network protection or for securing payment systems in accordance with the rigorous PCI requirements.

Meanwhile, Securecom supports clients with the development, implementation and management of information security. Securecom has a strong history of security services, as it develops and supports many of the cryptographic methodologies used within the Nordic card payment and financial communities.

Mako Networks Commercial Manager for Europe, Chris Nation, said: “We are delighted to announce the partnership with Securecom. After carefully considering our expansion into the Nordic market and the selection of a partner to help us do that, and Securecom’s established client base across the Nordics and expert knowledge of network and payments security made them an ideal partner. Securecom understands the need to secure and protect personal and company data of all types, enabling more businesses to maintain essential data security practices and compliance standards such as the PCI DSS.”

Jonas Halldin, CEO of Securecom, commented: “Mako’s System is adaptable across a variety of environments, which appeals to our broad client base. The unique approach to configuring and deploying the service reduces costs, which ultimately benefits the end customer by providing a secure, managed broadband security service at cost-effective price. We can offer Mako products with peace of mind that our customers will be receiving a state-of-the-art network security solution.”