VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure for the networked world, is making its VeriSign' Identity Protection (VIP) Authentication Service available free for three months to organizations looking to protect their business-to-business portals and customer-facing Web sites. The trial is fully operational to demonstrate VIP's ease-of-deployment and use.
"Strong, two-factor authentication is a proven security measure to address fraud and compliance issues, but many companies have waited to deploy this added layer of protection because of the perceived costs associated with infrastructure and personnel required for traditional solutions," said Kerry Loftus, vice president of Authentication Solutions at VeriSign. "Because VIP Authentication uses cloud-based technology, VeriSign makes it easier than ever for enterprises to deploy strong authentication to protect employees, partners and customers with a no cost, no additional infrastructure security solution. This free trial offers a no-risk opportunity for organizations to quickly implement and deploy VIP protection for 90 days."
Two-factor authentication works by requiring each user to provide not just a username and password, but also a unique one-time password (OTP) generated by a user's VIP security credential. Because logging on with two-factor authentication requires something the user knows (his username and password) and something he has (his VIP credential), VIP has been proven effective against unauthorized access to online accounts and VPNs.
Because VeriSign delivers authentication as a cloud-based service, VIP trial recipients need only download a small number of APIs and spend a minimal amount of developer time integrating VIP with their password-protected Web sites or portals. VIP requires no additional hardware, leveraging an organization's existing IT infrastructure.
The VIP Free Trial includes VIP Access for Mobile, a free, easy-to-install mobile application. VIP Access for Mobile transforms more than 200 different mobile devices into VIP authentication credentials. The application costs nothing for businesses to deploy and is available now to mobile end-users at http://m.verisign.com and the iTunes' application store for iPhone users. VeriSign also offers a choice of authentication credentials, including traditional tokens and credit card-sized credentials for purchase
After 90 days, trial participants opting to subscribe to the VIP service will not need to make any additional changes to keep their strong authentication solution live. Their VIP trial account is a real production environment complete with live credentials, which can be shared with any other VIP Network members, including eBay, PayPal and AOL. The "network effect" of VIP makes it more convenient for users to adopt two-factor authentication into their online routine. For online businesses, joining the VIP Network helps distribute the costs of stronger authentication, thus accelerating its acceptance in the global marketplace. For more information visit http://www.verisign.com/authentication/vipfreetrial
About VeriSign 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.