SOURCE: SnoopWall

SnoopWall

March 04, 2015 10:00 ET

SnoopWall Is Top-Ranked Mobile Device Security Company in the Cybersecurity 500

BARCELONA, SPAIN and NASHUA, NH--(Marketwired - Mar 4, 2015) - SnoopWall (www.snoopwall.com), the world's first counterveillance security software company, announced today during Mobile World Congress that Cybersecurity Ventures has ranked the company on its Cybersecurity 500, a directory of the hottest and most innovative cybersecurity companies to watch in 2015.

SnoopWall was ranked No. 184 overall and No. 1 for mobile-device security.

According to the Q1 Cybersecurity Market Report, security spending within the financial sector is rising. JPMorgan Chase & Co likely will double spending to $250 million annually within five years; PwC (PricewaterhouseCoopers) reportedly will increase its cybersecurity spending by $2 billion over the next two years; Citigroup Inc.'s cybersecurity budget rose above $300 million; and Wells Fargo spends $250 million annually.

"We are honored to be recognized as the top-ranked mobile device security company in the Cybersecurity 500," said Gary S. Miliefsky, CEO of SnoopWall Inc. "All this spending on cybersecurity won't matter if money laundering, fraud and identity theft are happening on the billions of mobile devices outside of the control of these organizations."

Companies making the Cybersecurity 500 were selected based on several factors, including feedback from CISOs and end-user security practitioners. The directory is intended to serve as a guide to CISOs, risk-and-fraud-prevention managers, and security decision makers, evaluators and recommenders.

"Mobile-device security will become the top requirement this year for mobile banks, retailers and wallets as they move all their transactions into our space," Miliefsky says. "That's why we developed our SDK, to provide protection for their apps against the hundreds of millions of pieces of undetectable malware disguised as free trustworthy apps -- just waiting to steal valuable personally identifiable information in the blink of an eye."

About SnoopWall

SnoopWall is the world's first counterveillance software development company focused on helping consumers and enterprises protect their privacy on all of their computing devices, including smartphones, tablets and laptops, through deep integration with high value mobile applications, smart devices and the Internet of things (IoT). SnoopWall secures these mobile applications through patent-pending technology that detects and blocks all remote control, eavesdropping and spying. SnoopWall's software, made in the U.S.A., is part of the growing suite of next-generation mobile security toolkits being delivered by SnoopWall and their OEM partners. Visit us at http://www.snoopwall.com and follow us on Twitter: @SnoopWallSecure. 

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