Dubai, UAE, 11 September, 2008,  Dubai based IFA Securities L.L.C. for financial services achieved a full initial approval by SCA ( Securities and Commodities Authority) against "Resolution 67 for the year 2007" by implementing the GebWeb© solution. Resolution 67/2007 requires, among others, that each Online Trading (Brokerage Firm) has to implement Two-Factor Authentication mechanism and applies Digital Signatures on each Buy/Sell stock transaction. The GebWeb© solution; the first web -PKI- Public Key Infrastructure wrapper that implements 2-factors authentication and digital signature for web transaction is an in-house copyrighted PKI wrapper that was developed by  "ISnSC Research & Development" FZ LLC.

"Security is the most important pillar in the line of our business in online financial services, that's why we have been working hard on meeting the SCA standards to achieve their full initial approval" Said Mr. Jamal AlSarabi, CEO of IFA Securities L.L.C. "Having been enabled to do so by implementing the "GebWeb©" cutting edge technology of "ISnSC Research & Development", "IFA Securities" is now the first UAE brokerage company to achieve full initial approval of R67/2007" AlSarabi added.

"We are excited to have IFA securities with its very progressive vision onboard our clientele portfolio"  Said Mr. Sherif Hazzaa, CEO of "ISnSC Research & Development". "We have enabled "IFA Securities" to be the first in the Middle East and  one of the few around the world who implemented an advanced solution as GebWeb© to minimize financial disputes and fraud" Hazzaa added.

-Ends-

About GebWeb©
GebWeb© is ISnSC in-house developed PKI wrapper for web that converts any regular web application to a PKI enabled web application  using 2-Factor Authentication, Encrypting HTML and  Digital Signing of Online Transactions.

About ISnSC R&D FZ LLC
ISnSC is an international Company with offices in USA, Europe, GCC and North Africa , specialized in Information Security & Solution Consulting, offering its services internationally. ISnSC is a group of Security Certified Individuals who have the practical experience and believe that Security is more than theories and concepts; it is mostly about understanding, practice and most important Passion. ISnSC contributes to the Security community by publishing and sharing knowledge, own Advisories, CVE, BID references and developing its own P.O.C tools. For further information log on to www.isnsc.com

Middle East Office Contacts
ISnSC R&D, FZ LLC - Dubai, UAE.
Corporate Communications Department
Tel: +971 4 3693884
Fax: +971 4 360 4572
Email: corp@isnsc.com 
URL: http://www.isnsc.com

© Press Release 2008