More Than 100 Credit Unions Turn to VeriSign to Protect Consumers Against Identity Theft
MOUNTAIN VIEW, CA (Marketwire) - Members of more than 100 credit unions throughout the United States can access online services with more confidence than ever, now that the financial institutions are protecting their Internet sites with advanced security solutions from VeriSign, Inc. (NASDAQ: VRSN), the leading provider of Internet infrastructure for the networked world.
Michigan State University Federal Credit Union, NIH Federal Credit Union, University of Wisconsin Credit Union and San Mateo Credit Union are leading the charge among institutions committed to foiling the efforts of e-criminals and scam artists by deploying VeriSign Extended Validation (EV) Secure Sockets Layer (SSL) Certificates.
The credit unions are turning to VeriSign® EV SSL because it provides an effective weapon against phishing scams that lure unsuspecting consumers to imposter sites that appear almost identical to the financial institutions' genuine Web pages. Identity thieves use these fraudulent pages to capture valuable personal information, including account numbers, passwords and credit card numbers.
By deploying VeriSign EV SSL Certificates, these financial institutions can provide consumers using high security browsers with instantly recognizable visible cues that help assure users they have reached a genuine Web page.
"For us and for our members, the real currency of doing business online isn't money at all; it's trust," said Pete Kneisler, vice president of information services at San Mateo Credit Union. "The values of trust and community go to the very heart of the credit union concept, which means we must do everything we can to preserve those values. By deploying VeriSign EV SSL, we are living up to the commitment we make with every San Mateo Credit Union member. VeriSign EV SSL is an essential part of our online presence."
When a financial institution or other online business uses an EV SSL Certificate to identify itself, browsers including Internet Explorer 7 and the latest beta version of Firefox 3 display easily understood visual cues to provide tangible assurance of a site's authenticity. The address bar turns green, a lock icon appears next to the address, and a new field displays to the right of the URL in the browser. This field contains the name of the organization that owns the site as well as the security provider that issued the certificate, such as VeriSign.
"Whether our members choose to conduct business with us in person or online, we owe it to them to make the experience easy and utterly free of even the slightest privacy concerns," said April Clobes, vice president of e-commerce at Michigan State University Federal Credit Union. "VeriSign EV SSL Certificates help us to provide members with the much-needed reassurance that they have reached the legitimate MSU Federal Credit Union Web site. And by deploying technology from VeriSign, we benefit from the No. 1 Internet security brand in the world."
"Banks, credit unions and financial institutions all are adopting VeriSign EV SSL to help shield their valued clientele from the devastating impact of identity theft," said Tim Callan, vice president of SSL product marketing at VeriSign. "VeriSign EV SSL Certificates have proven to be a crucial asset in the effort to keep consumers beyond the ever-present reach of phishers and e-criminals. We are delighted to see so many credit unions employ this effective protection."
As the most respected and trusted SSL authority on the Web, VeriSign is the EV SSL Certificate provider of choice for more than 3,000 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 some form of VeriSign SSL Certificate to meet their security needs. To learn more about VeriSign EV SSL, visit http://www.verisign.com/EV-SSL.
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.
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 EV SSL 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, 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.
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