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Press Release |
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IT Security Experts Embrace VeriSign Identity Protection
IANS Joins VIP Network to Bring Benefits of Two-Factor Authentication
Directly to IT Security Executives around the World
London – December 15, 2008 – IANS, a research firm serving
the world’s leading IT security teams, will bolster its client Web site
with advanced identity protection technology from VeriSign, Inc. (NASDAQ:
VRSN), the leading provider of Internet infrastructure for the networked
world.
IANS is deploying VeriSign® Identity Protection (VIP)
Authentication Service to enhance the online safeguards available to
IT security professionals logging in to the Boston-based firm’s password-protected
Internet site. VIP is a comprehensive suite of identity protection and
authentication services designed to strengthen and protect consumers'
digital identities.
To take advantage of VIP Authentication Service’s
fraud protection, IANS clients will receive an IANS-branded card that
displays a one-time password (OTP) for every log-in. During an online
session, this password is entered into the IANS Web user interface with
other information (such as user name and password) to achieve two-factor
authentication. Two-factor authentication dramatically reduces the risk
of fraud because it combines something the user has (the VIP credential)
with something that user knows (user name and password).
IANS becomes the latest organisation to join the rapidly
growing VIP Network. Membership in the VIP Network allows IANS clients
to use their card credential on other members' sites within the VIP
Network, including AOL, eBay, PayPal, The American Bankers Association,
and many others. Sharing one credential across a network makes it more
convenient for users to adopt two-factor authentication into their online
routine. For online businesses, joining the VIP Network helps distribute
the costs of stronger authentication, thus accelerating its acceptance
in the global marketplace.
“Two-factor authentication is the most effective way
to combat online fraud and identity theft, and we felt it was crucial
that our clients – all of whom are IT security decision-makers – experience
just how easy it is to take advantage of it,” said Jack Phillips, CEO
and co-founder, IANS, which provides Fortune 1000 companies, government
agencies and academic institutions with insights and guidance on information
security, regulatory compliance and IT risk management. “We chose to
work with VeriSign because of its globally trusted brand and its ability
to provide a managed service in a completely seamless and cost-effective
way. By joining the VIP Network, we’ll make it easy for our clients
to use strong authentication around the Web.”
The IANS card, which is the size of standard credit
or debit card, is one of several convenient types of credentials accepted
by VIP Network members. Because VIP is compliant with OATH (Open Authentication
Organisation) specifications, consumers can leverage credentials in
many form factors designed to fit an individual’s needs and usage preferences.
VeriSign offers stand-alone tokens and software tokens for mobile phones.
“IANS is bringing VeriSign Identity Protection to
the very individuals who are determining how the world’s most heavily
trafficked Web sites and networks remain safe, so today’s announcement
is very exciting for anyone engaged in the battle against online fraud,”
said Fran Rosch, senior vice president of product and strategy at VeriSign.
“We’re delighted that this respected research firm recognises how the
VIP Network provides an essential and convenient second line of defense
for online businesses interested in safeguarding the digital identities
of all consumers.”
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider
of Internet infrastructure services for the networked world. Billions
of times each day, VeriSign helps companies and consumers all over the
world engage in communications and commerce with confidence. Additional
news and information about the company is available at www.verisign.com.
Contacts
Media relations: Victoria Henry, vhenry@verisign.com,
+44 20 8600 0723
Weber Shandwick for VeriSign: LCurtis@webershandwick.com,
+44 20 7067 0513
Investor Relations: Nancy Fazioli, ir@verisign.com,
+1 650 426 5146
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve risks
and uncertainties that could cause VeriSign's actual results to differ
materially from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as the inability of VeriSign to
successfully develop and market new products and services and customer
acceptance of any new products or services, including VeriSign Identity
Protection services; the possibility that VeriSign’s announced new services
may not result in additional customers, profits or revenues; and increased
competition and pricing pressures. More information about potential
factors that could affect the company's business and financial results
is included in VeriSign's filings with the Securities and Exchange Commission,
including in the company's Annual Report on Form 10-K for the year ended
December 31, 2007 and quarterly reports on Form 10-Q. VeriSign undertakes
no obligation to update any of the forward-looking statements after
the date of this press release.
©2008 VeriSign, Inc.
All rights reserved. VeriSign, the VeriSign logo, the checkmark circle,
and other trademarks, service marks, and designs are registered or unregistered
trademarks of VeriSign, Inc., and its subsidiaries in the United States
and in foreign countries. All other trademarks are property of their
respective owners.
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