Token Expands Leadership Team with Appointment of Rob Osterwise as CTO and Tim Tonges as CRO

Innovative developer of Next-Generation Multifactor Authentication that stops ransomware strengthens executive team to accelerate revenue growth and global expansion

ROCHESTER, NY – May 29, 2024 – Token, a revolutionary provider of secure, wearable authentication solutions, today announced the appointment of Robert Osterwise as Chief Technology Officer (CTO) and Tim Tonges as Chief Revenue Officer (CRO). Osterwise and Tonges join Token’s executive leadership team reporting to CEO, John Gunn

“Rob and Tim bring Token the perfect combination of decades of experience and business acumen, along with the entrepreneurial spirit needed to drive success in a startup environment,” said Gunn “They share our passion to deliver innovative solutions that protect organizations from the ravages of phishing and ransomware, and embody our culture of transparency and collaboration.”

As CTO, Osterwise is responsible for advancing Token’s technology vision. He brings deep expertise across multiple areas including circuit design, firmware, and application development. Most recently, Osterwise held the role of Vice President Advanced Technology, Head of IoT, Digital Innovation, Emerging Technologies at Stanley Black & Decker. Before his tenure at Stanley Black & Decker, Osterwise was Technical Director at AT&T and held senior technology roles at Giesecke & Devrient.

“The devastation from ransomware attacks makes news headlines every day,” said Osterwise. “I’m thrilled to join the talented team at Token and deliver a new and simple way to protect organizations against the biggest cybersecurity risk facing every organization today.”

As CRO, Tonges is responsible for Token’s sales strategy, revenue growth, and global expansion of the sales organization. Tonges brings more than 20 years of sales leadership experience with technology and cybersecurity solutions at leading companies including FusionStorm, Bell Microproducts, and Pomeroy. He has a history of driving triple digit growth and establishing category leadership.

“There is no greater or more urgent need than fixing a problem that is causing 90% of data breaches and ransomware losses – the vulnerabilities inherent in legacy MFA,” said Tonges. “The early response from the market has been amazing, with the largest organizations in almost every category signing up to evaluate Token Rings.”

About the Token Ring with BioTouchSecure

CISA, an agency of the US DHS, reports that 90% of ransomware losses are the result of phishing attacks and cybercriminals gaining access to networks as legitimate users. Token’s Next-Generation MFA Smart Ring stops these attacks by eliminating the inherent weaknesses in 20-year-old legacy MFA technology.

Token Ring is a simple, easy-to-implement, and user-friendly way to stop ransomware attacks. BioTouchSecure integrates capacitive fingerprint biometrics, the most secure form of user authentication, into an attractive wearable device for the ultimate in user convenience and enterprise security. Token Ring was recently honored with Fast Company’s 2024 World Changing Ideas Award.

About Token

In a world of stolen identities and compromised user credentials, Token is changing the way our customers secure their organizations by providing passwordless, biometric, multifactor authentication. We deliver the next generation of multifactor authentication that is invulnerable to social engineering, malware, and tampering for organizations where breaches, data loss, and ransomware must be prevented. To learn more, visit www.tokenring.com.