Trust Assurance Online
Comodo Technologies Provides Online Financial Institutions with Toolkit Architecture
To Address Regulatory Compliance and Bring Trust Back Online for Consumers
Jersey City, NJ (January 24, 2006) –Comodo Inc., a global leader in Identity and Trust Assurance (ITA) Management solutions, announced today the availability of its S.A.F.E Solution (Secure and
Authentic Financial Engagements) for online financial institutions. The new toolkit and business processes is the
only solution that enables a true best practices approach for financial institutions as outlined by the Federal
Financial Institutions Examination Council (FFIEC). With these integrated preventive and proactive identity
assurance tools, banks can better address the growing issue of online fraud, a threat that is increasing at a rate of
18% per year.
Today, phishing, pharming and online fraud are growing as fast as online sales, which topped $136 billion in 2004
according to Forrester. To counteract this trend, FFIEC promotes best practices for financial institutions to
provide mutual transaction authentication online – meaning that consumers are able to verify the legitimacy of the
Websites before and during the transaction, and that banks can authenticate users with a two-factor process. Only
Comodo’s ITA S.A.F.E. toolset can accomplish this best practices standard by empowering banking customers with new
mechanisms and technologies to proactively authenticate the website thus protecting their digital identities. In this
environment, Comodo’s core competency in identity assurance becomes the main platform for a differentiated and
integrated solution that provides preventative and remedial solutions to engender customer online banking
confidence.
“ITA S.A.F.E. not only helps banks best address regulatory compliance, but enables them to provide the most
secure online transactions for their customers,” said Melih Abdulhayoglu, President and CEO of Comodo. “By
doing this, banks can recognize reduced operational and customer support expenses, mitigate risk in a proactive
manner, and most importantly, increase customer trust online.”
The fundamental components of the S.A.F.E. Solution include both products and services configurable to specific
customer strategies, needs and requirements. The core products available within the toolkit include:
- ITA infrastructure enablers such as vulnerability scanning with Hacker
Guardian, eMerchant payment gateways and LINUX based solutions via the Comodo
Trustix Suite; - ITA Tools such as high assurance SSL certificates to encrypt and
authenticate business legitimacy and Content Verification Certificates
(CVC) that brings irrefutable verification capability to web content through a non browser bound, highly visible
monitor indicator - ITA consumer services for new bank revenue streams such as ID Protection Services
- ITA based secure collaboration products including TrustFax and ComodoMeet, an web conferencing service and eMerchant Payment Gateways;
The product offerings within the S.A.F.E. Solution can be leveraged with a fully integrated services program to
support banking customers. This consists of free access to Comodo’s LaunchPad security suite which includes personal email
certificates, personal firewall, an anti SPAM solution, access to IdAuthority, Web authentication and a password manager.
About Comodo
Comodo is a leading global provider of Identity and Trust Assurance services
on the Internet, with over 200,000 customers worldwide. Headquartered in Jersey City, NJ with global offices in the
UK, Ukraine, Norway and India, the company offers businesses and consumers the intelligent security, authentication
and assurance services necessary to ensure trust in online transactions.
As a leading Certification Authority, and in combination with the Digital Trust Lab (DTL), Comodo helps
enterprises address digital ecommerce and infrastructure needs with reliable, third generation solutions that improve
customer relationships, enhance customer trust and create efficiencies across digital ecommerce operations. Comodo’s
solutions include integrated Web hosting management solutions,
infrastructure services, digital e-commerce services, digital certification, identity
assurance, customer privacy and vulnerability management solutions. For additional information on Comodo
– Creating Trust Online™ – please visit: www.comodogroup.com.”
Link: comodogroup.com
