NuData Security’s Senior Vice President and Chief Technology Officer is taking over as the company’s new CEO. Christopher Bailey will be replacing company co-founder Michel Giasson, who is retiring after 12 years of service as the former CEO.
Though the assignment is technically a promotion, Bailey co-founded NuData alongside Giasson in 2007 and is extremely well suited to his new position. He previously launched the companies H20 and Secure Networks, the latter of which was later acquired by Network Associates.
As CEO, Bailey will inherit NuData’s award-winning behavioral biometrics portfolio, and will lead the development of new verification products that can authenticate users beyond a simple login. He will also oversee MasterCard’s Digital Devices division to enhance its EMV security. NuData was acquired by MasterCard in 2017, and Bailey will act as MasterCard’s Executive Vice President of EMV/Digital Devices in addition to his role as NuData’s CEO.
“As the market shifts towards centralized authentication, NuData and Mastercard are uniquely placed to lead passive biometrics and user verification with security embedded into every level,” said Bailey.
“Christopher’s diverse experience and deep security expertise will allow us to further scale NuData, while leveraging our technologies and products to transform the digital payment experience,” added Ajay Bhalla, Mastercard’s President of Cyber & Intelligence.
NuData’s NuDetect platform was recently named as the Most Critical Solution of the past 30 years during SC Media’s 30th Awards ceremony.
June 27, 2019 – by Eric Weiss