Cyota's SecureSuite Tops $100,000,000 in Secure Internet Transaction Volume; SecureSuite is in use by seven of the top twelve US and UK credit and debit card issuers

Business Wire, May 2, 2003

Business Editors

NEW YORK--(BUSINESS WIRE)--May 2, 2003

Cyota Inc., the leading online payment security company, announced today that SecureSuite, its secure payment platform, has reached the $100,000,000 mark in secured transaction volume.

Cyota SecureSuite seamlessly integrates multiple payment security applications including MasterCard SecureCode, Verified by Visa, surrogate numbers and additional applications. SecureSuite is offered to global issuers and processors as a hosted service from worldwide facilities in the US, UK and Japan or as an in-house installation.

Jim Robinson, former chairman and CEO of American Express and Director of First Data Corporation is General Partner at RRE Ventures, a Cyota investor. Robinson: "Cyota has clearly established itself as the leading provider of MasterCard SecureCode, Verified by Visa and other payments security products. Cyota's dedication and commitment to good service and state-of the art systems have pushed the company into its leading position and allowed the company to reach this outstanding achievement".

Naftali Bennett, Cyota CEO, stated, "We are extremely proud to reach this important milestone. Serving the world's largest card issuers has allowed us to gain valuable field experience in handling large volume and providing superb cardholder experience. This translates into increased adoption rates, reduced fraud and millions of secure transactions."

About Cyota

Cyota is the leading payment security provider for financial institutions. Cyota SecureSuite is the only integrated payment security platform designed to seamlessly integrate a wide range of credit and debit card security solutions including MasterCard SecureCode, Verified by Visa, surrogate numbers and more, into a single, consistent and cost-effective solution. Cyota services multiple clients in North America, Europe and Asia-Pacific with systems currently available to over 300 million cardholders. Founded in 1999, Cyota is headquartered in New York with offices worldwide. Cyota is led by a respected management team with extensive experience in the security, Internet and banking industry. For more information please visit www.cyota.com