The leader in collaborative fraud management, Ethoca, announced today the appointment of Joseph J. Grano, Jr., former chairman and CEO of UBS PaineWebber and former chairman of the U.S. Homeland Security Advisory Council to the company's board of directors.

    Andre Edelbrock, Ethoca's President and CEO said: "We are honored to have Joe Grano join our board. With his rich and varied leadership experience in the fields of security and financial services, Joe adds tremendous depth, business acumen and a wealth of insight into our target markets. As we enter a period of rapid global commercialization of our technology, we will benefit from Joe's expertise, network and immense credibility in both the public and private sectors".

    Mr. Grano said: "As a member of Ethoca's board, I'm excited to help shape the direction of the company as it tackles the challenge of making e-commerce the safest and most trusted way to shop". "Consumers are flocking to the Internet in droves, but unfortunately, where consumers congregate is where fraudulent activities tend to follow. Ethoca's technology and collaborative approach stand out as cost-effective defenses for merchants, card processors and consumers against fraudulent activities and will assist the growth of e-commerce by making it a secure way to shop."    

    Joseph J. Grano, Jr. is Chairman and CEO of Centurion Holdings LLC, an advisor to private and public companies. Mr. Grano, from 2001-2004, was chairman of UBS Financial Services Inc. (formerly PaineWebber). While at PaineWebber, he chaired the Board of Governors of the National Association of Security Dealers (NASD). Mr. Grano was appointed by President George W. Bush, in 2002, to serve as the chairman of the Homeland Security Advisory Council. He proudly served his country as a captain in the U.S. Special Forces (Green Berets). Mr. Grano is a member of the Council for the United States and Italy, a member of the City University of New York's Business Leadership Council and a member of the National Board of D.A.R.E.