Financial One Mortgage Company adopts all-new technology to protect customers from Internet fraud and cyber-terrorism

With customers demanding more on-line services at the same time the threat of identity theft, Internet fraud and cyber-terrorism is on the rise, Financial One Mortgage Company, Inc., announces adoption of all-new cyber security technology.

June 10, 2002

CONTACT:
David Rahimian, President
Financial One Mortgage Company, Inc. MBL # 1494
457 Aiken Avenue
Dracut, MA 01826
Tel: 978-452-5494 Fax: 978-452-5455
Web: www.estemortgage.com E-mail: info@estemortgage.com

FOR IMMEDIATE RELEASE

Financial One Mortgage Company adopts all-new technology to protect customers
from Internet fraud and cyber-terrorism

Dracut, MA --With customers demanding more on-line services at the same time the threat of identity theft, Internet fraud and cyber-terrorism is on the rise, Financial One Mortgage Company, Inc., announces adoption of all-new cyber security technology. The company, which has prided itself on customer satisfaction through personal service in the Greater Merrimack Valley region for the past 3 ½ years, had been reluctant until now to branch into Internet banking, according to its president, David Rahimian, a mortgage industry veteran.

Because all of our work has been done in person, weve been able to offer personal service and protection to our customers," he said. Between the September 11 attacks and all of the news in the banking industry of online identity theft, cyber terrorism and hacking, we were very concerned that by moving our business online, which is what our customers want, we put their security in jeopardy.

Financial One decided to move the business online only after finding the most advanced security protection available," Rahimian said. After a great deal of research on the matter, we recently hired an outside Risk Management company, Excelcion, Inc., a Registered Contractor of the United States Department of Defense.

Excelcions president, Daniel OSullivan said his company is gearing up for increasing demands from the financial services industry due to new threats on security and related legislation aimed at protecting the countrys Internet users. Network security is not a problem to be solved, its a process to be managed," he said. The challenges Financial One sought to address fit neatly into Excelcions business model."

Down the road, financial organizations could risk the loss of their FDIC insurance and a fine of up to $1million if they do not provide more Internet security protections required by such new legislation as the recent Gramm-Leach-Bliley Act. Other new security requirements have been enacted through such laws and organizations as the National Security Administration, the FBI's National Infrastructure Protection Centers counter-cyber-terrorism recommendations to Financial Institutions and the White Houses new Homeland Defense.

Its a strange paradox -- computers are supposed to make life easier," said Rahimian. The Internet certainly makes business move faster and more efficiently. But at the same time, it creates an incredible burden on the business owner to safeguard customer data. We think Financial One Mortgage Inc. has stepped out ahead of the curve in protecting its customers while at the same time striving for 100 percent customer satisfaction."
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For additional information, contact Financial One Mortgage Company, Inc. at info@estemortgage.com or Excelcion, Inc. at info@excelcion.com.