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VeriSign(R) Identity Protection (VIP) Mobile Credential for Protecting Consumer Online Accounts Now Available on Apple App StoreFree Application for Apple iPhone Puts Strong Authentication Into Hands of Millions of Consumers (March 31, 2009)
MOUNTAIN VIEW, CA -- (Marketwire) -- 03/31/09 -- VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced its VIP Access for Mobile application is available on the Apple App Store. The application turns the iPhone into a dynamic VIP one-time-password (OTP) credential that can be used in conjunction with a username and password to strengthen the security of online accounts.
VIP Access for Mobile on the iPhone creates true two-factor authentication for consumers -- the first factor being the username and password (something they know), and the second factor being the iPhone VIP credential (something they have). With the new credential, iPhone users can enjoy strong authentication at more than 40 Web sites that are part of the VIP Network, including eBay, PayPal and AOL.
"Our ongoing efforts to strengthen the security of online accounts for mobile consumers give them the opportunity to enjoy the benefits of strong authentication through a device that's always with them and frequently in use," said Fran Rosch, senior vice president of product and strategy at VeriSign. "Deploying VIP credential capabilities on iPhone 3G makes strong economic sense for businesses interested in having as many users as possible take advantage of the enhanced security on their sites."
VIP Access for Mobile is available as a free application from Apple's App Store on iPhone or at http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=307658513&mt=8
By implementing two-factor authentication through VeriSign's Security as a Service (SaaS) model, enterprises virtually eliminate the costly IT infrastructure investments once required to deploy proprietary authentication systems. VeriSign's open standards-based SaaS solution also speeds time to market and drives down per user costs. And with mobile phones serving as free VIP credentials, enterprises can scale their potential user base at negligible per-user costs.
With VIP Services, enterprises directly address consumers' concerns about online security. A recent survey found that 86 percent of consumers prefer sites that enable proactive security measures such as two-factor authentication. Meanwhile, 68 percent said they would like better systems in place to protect their identities, and 41 percent said they would consider new applications offering identity protection, even if that meant extra steps on their part (Source: VeriSign/Synovate research).
View a demo of the VIP Access for Mobile on the iPhone at vipmobile.verisign.com/demo.v
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.
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 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, 2008 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.
©2009 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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