 |
|
Press Release |
|
|
Symantec and VeriSign® Deliver Stronger Identity Protection
Joint Identity Protection and Authentication Solutions Offered to
Financial Institutions, Online Retailers and Consumers
NEW YORK, 10 October, 2006 – Symantec Corp. (NASDAQ: SYMC)
and VeriSign, Inc. (NASDAQ: VRSN) today announced plans to deliver security
solutions to combat the growing threat of consumer identity theft and
fraud on the Internet. Symantec plans to offer support for the VeriSign®
Identity Protection (VIP) Authentication Service, which allows consumers
to utilise one-time passwords to protect their online identity. The
VIP Authentication Service is enhanced by the VIP Shared Authentication
Network which enables consumers to use one credential across multiple
member websites. In addition, the two companies intend to jointly market
combined identity and security solutions to financial institutions,
online retailers and end users.
As part of its Security 2.0 strategy, Symantec will
provide its Norton customers with the best available solutions for stronger
authentication, with support and integration of Norton Accounts with
the VIP authentication credentials. The company plans to provide access
to a VIP, two-factor credential in a future release of Norton security
software. The VIP Shared Authentication Network enables consumers to
use a single credential across multiple websites. With two of the most
trusted Internet security brands, Symantec and VeriSign have the potential
to create a widely-used standard for global identity protection. Symantec’s
more than 50 million active Norton subscribers, as well as millions
of additional consumers who are reached through Symantec’s OEM and ISP
channels, will have access to the joint offering.
‘Our Security 2.0 vision is all about building confidence
and trust online for consumers. Identity protection and strong authentication
are critical elements of that,’ said Enrique Salem, group president,
Consumer Business Unit, Symantec Corporation. ‘By working with VeriSign,
we are combining strong assets in identity protection, transaction security,
and the confidence that millions of consumers have in the Norton and
VeriSign brands.’
‘VeriSign has a long history of protecting and securing
digital identities on the Internet, and Symantec has a long history
of protecting consumers and their digital information. With a layered
security approach across users, desktops and the network infrastructure,
VeriSign and Symantec can enable the strongest security with the most
convenience,’ said Judy Lin, executive vice president and general manager,
VeriSign Security Services.
VIP Authentication Service provides identity
protection to consumers who conduct business online. By using
an open standards approach, VIP Authentication Service and the VIP Shared
Authentication Network allow businesses to easily issue and accept two-factor
authentication from users, so eliminating the need to distribute and
manage traditional hardware authentication tokens, which has hampered
the adoption of stronger, safer authentication technologies. The VIP
Shared Authentication Network has also been endorsed by PayPal, eBay,
Charles Schwab and Yahoo! For more information on VIP, please go to:
http://www.verisign.co.uk/products-services/security-services/identity-protection/index.html.
Through this relationship with VeriSign, as well as
the launch of Norton Confidential Online Edition, Symantec is working
to deliver on its Security 2.0 vision of building consumer confidence
and trust online. The company is addressing new and evolving threats
with new technologies, partnerships and delivery models.
About Symantec
Symantec is the world leader in providing solutions to help individuals
and companies assure the security, availability and integrity of their
information. Headquartered in Cupertino, California, Symantec has operations
in 40 countries. More information is available at www.symantec.co.uk.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates intelligent infrastructure services
which enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company is available at www.verisign.co.uk.
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the United States 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 risk that
VeriSign's announced strategic relationships, including the relationship
described herein, may not result in additional products, services, 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 31 December, 2005, 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.
NOTE TO EDITORS: If you would like additional information
on Symantec Corporation and its products, please visit the Symantec
News Room at http://www.symantec.co.uk/news.
All prices noted are in US dollars and are valid only in the United
States.
Symantec and the Symantec Logo are trademarks or registered
trademarks of Symantec Corporation or its affiliates in the USA and
other countries. Other names may be trademarks of their respective owners.
For VeriSign Investor Relations, please contact Nancy
Fazioli, ir@verisign.com.
CONTACT:
Cecilia Daclan, Symantec Corporation. 310-449-4381, cecilia_daclan@symantec.com
Monisha Khanna, VeriSign, Inc. 650-426-4522, mkhanna@verisign.com
|
|
|
