People

Truston has assembled a team that includes identity theft victims, a former police officer, certified fraud examiners, a former credit bureau investigator, and credit report/score experts.

Executives

Tom Fragala, Founder and CEO

The seed for the idea behind Truston was planted in 2002, when Tom experienced identity theft first hand. Thieves broke into his previous company’s offices and stole a number of laptops, bags and identities, including his own. What inspired Tom most, however, was his work after this as a volunteer helping victims of ID theft. He became frustrated by vast size of the problem and lack of tools available to help people. The alternatives were either ineffective, expensive or required handing over sensitive information—a further ID theft risk. So, Tom decided to build something better. The result is myTruston.

Since 2004, Tom has been a volunteer victim counselor with the ID Theft Resource Center, a prominent non-profit consumer advocacy group. He also served as a volunteer for the Santa Barbara District Attorney, helping victims of fraud. Tom started the first identity theft blog, ScamSafe.com, in February 2004. He has donated over 1,000 hours of pro bono victim aid since 2004.

From 1999-2003 Tom served as CEO of Vistera Inc., offering Web-based software for large hotel management companies. He was also a member of the startup team for Software.com (acquired for $7 billion in 2000), leading the information technology group. In addition, he has worked for Cambridge Technology Partners, Microsoft, and Chase Manhattan Bank. Tom has a MS in Computer Science from the University of Massachusetts and a BS in Computer Science from Merrimack College.

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Dennis Cagan, Chairman

Dennis Cagan has worked as a successful executive, entrepreneur, investor and board member for over 40 years. Throughout his career he has founded more than a dozen companies. Currently Mr Cagan is CEO of TWL Corporation. Prior to joining TWL he was founder and CEO of the Santa Barbara Technology Group, LLC., investing in and consulting with early-stage technology companies.

In 1976 Mr. Cagan founded the David Jamison Carlyle Corp., one of the country’s largest distributors of computer peripherals, and took it public in 1981. During his career, Mr. Cagan has been involved with some of the California Central Coast’s best-known technology enterprises, including Wavefront Technologies (Alias/Wavefront - NASDAQ, acquired by SGI), Software.com (NASDAQ, merged with Phone.com, now OpenWave: OPWV), Somera Communications (SMRA - NASDAQ, founding investor), Commission Junction (acquired by Valueclick: VCLK), and Bargain Network (acquired by VTRU). Previously he served on the boards of such public companies as ISOCOR (acquired by Critical Path: CPTH), MessageMedia, Inc. (acquired by DoubleClick: DCLK, interim CEO), Great Bear Technologies, StarPress, and Sanctuary Woods Multimedia.

Mr. Cagan currently serves on six boards: Acorn Technologies, Inc.; InQ, Inc.; Nutricate Corp.; Truston; Noza, LLC; and TWL Corporation. (TWLP.OB).