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Press Release |
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VeriSign and G&D to Join Forces to Improve Consumer Authentication for Millions of Users
Joint Solutions to Help Protect Users’ Identities, Personal Information
and Assets Online
London – October 30, 2008 – VeriSign, Inc. (NASDAQ: VRSN),
the trusted provider of Internet infrastructure services for the networked
world, and Giesecke & Devrient GmbH (G&D), one of the world’s
leading providers of smartcard solutions, today announced a strategic
alliance to provide end-to-end solutions for consumer authentication.
The alliance will give organisations a unified solution
for protecting users’ identities, personal information and assets through
VeriSign Identity Protection (VIP) services.
VeriSign Identity Protection services provide an additional
layer of authentication for online transactions and communication –
authentication that goes beyond entering a username and password. VIP’s
two-factor authentication works with the GDC4000 display card from G&D,
an OATH-compliant credential. This card features a robust, active display
that is embedded in the card via hot lamination during production. To
achieve two-factor authentication enabled by VIP, the card displays
a one-time password (OTP), which the user provides online to further
verify his or her identity. The password changes with each transaction,
ensuring that every VIP-enabled authentication combines something the
user knows (username and password) with something he has (the OTP generated
by the card).
“Our GDC4000 display card features state-of-the-art
display technology,” said Dr. Kai Grassie, head of G&D’s New Business
Division. “It meets highest requirements for durability and flexibility
and provides an ideal platform for organisations to take advantage of
VeriSign’s globally trusted VIP authentication services. We are looking
forward to a fruitful cooperation with VeriSign, one of the world’s
most trusted names in Internet security.”
“In Germany and throughout the world, consumers need
to trust their online transactions and the technologies they rely on
to conduct them,” said Mike Davies, director of VeriSign's Identity and
Authentication Services, EMEA. “With G&D’s respected, OATH-based
display card and VeriSign’s global VIP authentication network, we’re
able to provide an end-to-end solution that enables organisations to
keep their customers safe online.”
About G&D
Giesecke & Devrient (G&D) is a leading supplier of banknote
paper, banknote printing, currency automation systems, as well as smart
cards and complex system solutions in the fields of telecommunications,
electronic payment, health care, identification, transportation and
IT security (PKI). Based in Munich, Germany, the G&D Group maintains
subsidiaries and joint ventures around the world. In fiscal 2007, the
Group employed close to 9,000 people and generated revenue of almost
€1.5 billion. For more information, visit our website at www.gi-de.com.
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
Giesecke & Devrient: Vera Schuh, Press Officer, vera.schuh@gi-de.com,
+49 89 4119 2985
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 and PKI 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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