BEDFORD, Mass. -- RSA Security (Nasdaq: RSAS - News) today announced several major accomplishments attained by its consumer solutions division in the first half of 2006. Among its successes, the Company was recently recognized by the Aite Group as having the industry's "Best Authentication and Fraud Detection Suite" and "Best Fraud Network." In addition, RSA Security has reached impressive milestones in the number of online banking users protected by its systems; deployment times; and fraud detection rates.
The Company is also proud to announce the launch of the RSA® Adaptive Authentication 5.8 solution, which integrates the RSA Security and legacy Cyota and PassMark technologies. The new version also comprises a wide range of deployment plans, including a rapid deployment option that is designed to enable the implementation of a fully-operational account protection system in less than 30 days -- with no integration work or code changes required.
"Within six months of our dual-acquisitions in the market, RSA Security has affirmed its position as a strong leader in online consumer protection," stated Art Coviello, RSA Security's president and chief executive officer. "Our outstanding achievements and industry recognition in this space, attained through strong management, strategic acquisitions and sustained hard work, are a key driver in the overall company strategy today."
Best Authentication and Fraud Detection Suite
The Aite Group, a leading independent research and advisory firm focused on the financial services industry, released its "Online Banking Authentication and Fraud Detection: A Vendor Comparison" report in June 2006. The report includes a detailed comparison of 13 vendors in the consumer protection space, identifying 12 areas of excellence and the corresponding companies that have distinguished themselves.(1)
RSA Security is recognized in the category of Best Authentication and Fraud Detection Suite "because of their comprehensive suite of software and hardware authentication solutions as well as fraud prevention and detection solutions." In addition, the company is recognized in the Best Fraud Network class for the RSA® eFraudNetwork(TM) community -- the largest cross-institution collaborative online fraud network in which fraud data is shared across financial institutions in real-time. The company received honorable mentions in the Best In-Session Fraud Detection and Best Multi-channel Solution groups.
"External, neutral recognition really is the ultimate endorsement," stated Chris Young, senior vice president and general manager, Consumer Solutions Division, RSA Security. "With the Aite Group report, and feedback from the analyst and customer community at large -- plus the growing demand we're seeing from the market -- it's reassuring to know that we have the right suite of solutions at the right time. We are determined to keep up the great momentum and look forward to more exciting achievements to come."
RSA Security Inc. (Nasdaq: EMC)