Hanoi, Vietnam, 23rd September, 2009 - VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced its continued success within the Vietnamese banking sector following the signing of the Bank for Investment and Development of Vietnam (BIDV). BIDV has selected VeriSign Extended Validation (EV) SSL Certificates to protect its customers’ high value banking transactions from online security threats. The deal was facilitated by VeriSign’s Gold reseller partner Blitz IT Consultants Pte Ltd.
BIDV is one of the largest state-owned commercial banks in Vietnam, providing a full range of currency, credit, banking and non-banking services. It also acts as an authorised agency funding projects with sources from domestic and international financial institutions, leading the way in development investment and project financing in Vietnam. It is the nation's number one bank in net income (US$70 million) and the second biggest bank in assets (US$10.48 billion).
“Our position and reputation in Vietnam is the driving force behind our Internet banking strategy, with security as a critical component to help maintain reliability for our online customers,” said Bui Thanh Hoai, Information Security Department, BIDV. “VeriSign is a highly reputable security brand, and we are confident its EV SSL Certificates are the right solution to ensure our customers feel safe using our online services.”
When Internet users equipped with current versions of Internet Explorer, Firefox, Safari, Google Chrome, Opera and other browsers visit a site protected by EV SSL Certificates, the top of the browser lights up in green and displays the name of the company operating the Web site. This green glow offers immediate reassurance that they’ve reached a site whose authenticity has been verified by a certificate authority such as VeriSign, the world’s leading SSL certificate authority. “We are increasingly seeing more Vietnamese banks offering better online services to customers, with security top of mind as they recognise its importance in helping to encourage customers to use this relatively new channel,” said Armando Dacal, director of Authentication, VeriSign Asia Pacific. “EV SSL offers banks a visual tool that helps educate customers and takes the guess work out of figuring out a Web site’s authenticity, helping to build confidence immediately.”
As the most respected and trusted SSL authority on the Web, VeriSign is the EV SSL Certificate provider of choice for more than 12,000 Internet domain names, representing 74 percent of the entire EV SSL Certificate market worldwide1. In fact, more than 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.sg/EV-SSL.
1 Includes EV SSL issued by VeriSign and its subsidiaries.
About Bank for Investment and Development of Vietnam
BIDV is the first to be established among four of the largest state-owned commercial banks in Vietnam. The organisational structure has been transformed toward the model of a modern, international financial group. At present, BIDV comprises of five business units with over 10,000 employees in total. More information is available at http://www.bidv.com.vn
VeriSign operates digital 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.sg