More Than 2,000 Web Sites Reassure Online Users With VeriSign Extended Validation
MOUNTAIN VIEW, CA (Marketwire) - Every day, a simple green address bar appearing in millions of Internet browsers helps assure consumers that they have reached a legitimate Web site — and not a tool of clever identity thieves. That's because more than 2,000 online merchants have adopted advanced validation solutions from VeriSign, Inc. (NASDAQ: VRSN), the leading provider of Internet infrastructure for the networked world.
By deploying VeriSign Extended Validation (EV) Secure Sockets Layer (SSL) Certificates, such companies as Pioneer Electronics, Case Logic and Lamps Plus are building trust and confidence among consumers by offering them immediate and visible assurance that they are dealing with a reputable e-commerce site.
VeriSign EV SSL protection helps merchants combat e-criminals who use fraudulent sites and pages to illegally capture passwords, credit card numbers and even Social Security Numbers. VeriSign-protected sites enable high-security browsers, such as Microsoft Internet Explorer 7, to display a green address bar, signalling to users that their personal information will go only to their bank or retailer. Those browsers also display other visual cues, including a lock icon next to the address, and a new field that contains the name of the organization that owns the site as well as the security provider that issued the certificate, such as VeriSign.
"VeriSign's EV SSL offers a major advantage for online retailers aiming to build trust with customers at first glance," said Ralph Esquibel, infrastructure architect and server operations manager at Pioneer Electronics. "When customers visit our site and spot the green bar, they know they've found a safe place to shop on the Internet. In an age where identity theft is a constant concern for many shoppers, this reassurance is invaluable."
"Though building trust with online customers is difficult and time-consuming, losing that trust can happen in the blink of an eye," said Tim Callan, director of SSL product marketing at VeriSign. "That's why thousands of domains are now protected with VeriSign EV SSL certificates. By displaying the green bar to site visitors, online businesses like banks and retailers are communicating that they care enough to provide the most advanced protection available. And in the process, they are protecting the relationship they've built with customers."
As the most respected and trusted SSL authority on the Web, VeriSign is the EV SSL Certificate provider of choice for more than 2,000 Internet domains, representing greater than 75 percent of the entire EV SSL Certificate market worldwide. In fact, over 93 percent of the Fortune 500 — and the world's 40 largest banks — rely on a VeriSign SSL Certificate to meet their security needs.
VeriSign, Inc. (NASDAQ: VRSN), 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.
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's Extended Validation SSL Certificates and solutions, 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, 2006 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.
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