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Press Release |
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Flagstar Bank Sees 10 Percent Increase in Online Enrollments with VeriSign EV SSL Certificates
Customers of Flagstar Bank See Benefit of Immediate Security Indicators
Brought by EV SSL; Adoption of VeriSign EV SSL Certificates Surpasses
1,200 Financial Institutions Worldwide
NEW YORK – October 28, 2008 – Net Finance East, Booth #41 –
As today’s market conditions grow in uncertainty each day, customers
of Michigan-based Flagstar Bank can be certain they are logging on to
a legitimate Flagstar Bank site, thanks to advanced security and validation
solutions from VeriSign, Inc. (NASDAQ: VRSN), the leading provider of
Internet infrastructure for the networked world.
With VeriSign® Extended Validation (EV) Secure Sockets
Layer (SSL) protection, Flagstar is building trust and confidence among
its customers by offering instantly recognisable assurance that they
have reached the genuine Flagstar site. This easily identifiable source
of assurance has led to a 10 percent increase in online enrollments.[1]
As fraudsters seek to exploit the current economic crisis in their phishing
attacks,[2] trust indicators like those provided by EV SSL’s green address
bar are instrumental in helping protect online customers.
“Our move to EV was part of a major modernisation
of our Web presence in which we improved navigability, added functionality
and enhanced personalisation,” said Jason Dufner, senior vice president,
IT Content and Banking Systems at Flagstar Bank. “Whenever we perform
such an overhaul, it’s important to continue to advance in information
security, and VeriSign EV SSL was just the right thing. The EV green
address bar assures our customers that they’re dealing with the real
Flagstar in a way that’s more visible and reliable than ever before.”
Flagstar Bank has been at the forefront of Internet
security technology. In fact, Mortgage
Technology magazine has named Flagstar one of the Top 25
Tech-Savvy Lenders for the last five years.
“Over 1,200 financial institutions have adopted VeriSign
EV SSL Certificates to help protect their valued clientele from the
financially devastating impact of identity theft,” said Tim Callan,
vice president of SSL product marketing at VeriSign. “Momentum is building
around EV as over 60 percent of the world is now using EV enabled browsers,
such as Internet Explorer 7, Firefox 3, Opera 9.5 and Google Chrome.
Now more than ever, consumers need to feel comfortable placing their
personal information online. EV SSL gives consumers that reassurance.”
VeriSign EV SSL-protected sites enable the latest
high security browsers to display a green address bar, which helps to
assure Web site visitors that they are transacting with the validated
business they intend to communicate with, rather than an illegitimate
impostor site. Other visual cues triggered by the presence of an EV
SSL Certificate include a new field that contains the name of the organisation
that owns the site and in some cases the name of the security provider
that issued the certificate, such as VeriSign.
As the most respected and trusted SSL authority on
the Web, VeriSign is the EV SSL Certificate provider of choice for more
than 6,000 Internet domains, representing greater than 75 percent of
the entire EV SSL Certificate market worldwide.[3] In fact, over 95
percent of the Fortune 500 and 96 of the world’s 100 largest SSL-using
banks secure their sites with SSL Certificates sold by VeriSign. To
learn more about VeriSign EV SSL, visit http://www.verisign.com/EV-SSL.
About Flagstar Bank
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC),
a bank holding company headquartered in Troy, Mich. With $14.6 billion
in total assets, Flagstar Bancorp is the largest publicly held savings
bank headquartered in the Midwest. At June 30, 2008, Flagstar operated
170 banking centres in Michigan, Indiana and Georgia and 121 home loan
centres in 26 states. Flagstar originates home loans nationwide and
is one of the leading originators of residential mortgages. For more
information, please visit www.flagstar.com.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates Internet infrastructure
services that enable and protect billions of interactions every day
across the world’s voice, video and data networks. 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 Domain
Name 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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