September 13, 2016 06:00 ET

TrapX Appoints Former NASDAQ IT Security Executive Mike Fabrico as Technical Director

20-Plus Year Network and Security Veteran to Accelerate Financial Services Market Sales Momentum

SAN MATEO, CA--(Marketwired - Sep 13, 2016) - TrapX™, a global leader in deception-based advanced cyber-security defense, today announced the appointment of Mike Fabrico as the company's technical director. Fabrico brings more than 20 years of relevant industry experience to his new role, having previously served as principal systems security specialist at NASDAQ. Mike was a key resource at NASDAQ, responsible for selecting security architecture and technology to ensure the protection of NASDAQ's critical infrastructure and systems. Mike also evaluated new technologies to determine if they provided value and increased the organization's security posture.

"Mike brings a tremendous amount of network security expertise to his new role as technical director at TrapX," said Greg Enriquez, CEO of TrapX Security. "His knowledge and his contributions at NASDAQ, whether securing the trading room floor or the analysts within the broader organization, will carry over to TrapX as we continue to build our sales adoption in financial markets."

"Deception-based technology intrigued me when I evaluated it at NASDAQ. I found the software provided more robust detection and protection capabilities that were better able to deflect the increasingly sophisticated cybercriminal activity we were seeing," said Fabrico. "I saw the rapid evolution of the deception market and the huge potential for growth, and knew I wanted to be a part of the movement. After researching a number of companies in the space, I chose TrapX, because not only were they leading in customer traction and market awareness, but also their technology proved to be superior to that of anyone else."

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TrapX Security™, DeceptionGrid™, DeceptionTokens™ and CryptoTrap™ are trademarks of TrapX Security, Inc.

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About TrapX
TrapX Security is the leader in deception technology. Our solutions rapidly detect, analyze and defend against advanced attacks, insider threats, and malicious insiders in real time. DeceptionGrid provides automated, highly accurate insight into malware and malicious activity unseen by other types of cyber defense. We enable a proactive security posture, fundamentally changing the economics of cyber defense by shifting the cost to the attacker. The TrapX Security customer base includes Forbes Global 2000 commercial and government customers around the world in sectors that include defense, health care, finance, energy, consumer products and other key industries. Learn more at