Apple FCU Selects Comodo To Deliver Anti - Phishing Protection To Its Members

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Released on: 10, August 2006
, Author: Comodo Group Inc
, Audience: Software related

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Jersey City, NJ (August 10, 2006) Â Comodo, a globalCertification Authority and leading provider of Identity and Trust AssuranceManagement solutions, announced today that Apple Federal Credit Union, anot-for-profit member-owned cooperative serving more than 77,000 members in theNorthern Virginia community has selected ComodoÂ's new technology, VerificationEngine(VE) to protect members from phishing and pharming attacks. In addition, Apple FCUwill utilize other elements in ComodoÂ's flagship S.A.F.E. Solution (Secure andAuthenticated Financial Engagements) including High Assurance SSL certificates,email certificates and HackerGuardian to ensure that Apple members can experienceincreased verification and security in online banking. Apple FCU chose Comodo as itsauthentication partner because ComodoÂ's credentials and expertise as a CertificationAuthority uniquely qualify it to deliver new technology for ensuring mutualauthentication.

 The VerificationEngine solution that Comodo has introduced provides our memberswith a truly user-friendly authentication solution that allows them to conductonline transactions confidently , said Mr. Juan Batista, VP of InformationTechnology of Apple FCU.  In todayÂ's digital world, online fraud is dampening ourmembersÂ' adoption of online financial services. This solves our customersÂ' issueswhile providing us with a solution that can be deployed quickly and for less than wethought possible.Â

Apple FCU is utilizing the following core elements of ComodoÂ's S.A.F.E. solution:

* VerificationEngine is an anti-phishing tool that lets users verify webcontent before they submit any sensitive information. Consumers simply roll themouse over protected web content (e.g. log-in box) to verify if the content isgenuine to the site it claims to be. If the site is authentic and can beverified, a bright green  good to go border will be displayed outside thebrowser environment making this trust indicator impervious to fraudsters andsite imposters. Today, VerificationEngine (VE) can be used to verify the siteidentity of more than 200,000 organizations including financial institutions,government agencies and public companies.

* ComodoÂ's InstantSSLÂ Certificates provide Apple FCU with certificationand authentication of business identity. Only High-Assurance SSL certificatescan both authenticate site identity and enable encrypted transactional sessions.These High Assurance SSL certificates are a key weapon in defending againstphishers and pharmers because low assurance, non-business vetted SSLcertificates do not provide identity assurance which is why phishing attacks canbe launched.

* Apple FCU is also employing ComodoÂ's email certificates which ensure thatwhen a member receives an email from the Credit Union, the consumer can be surethat the sender is not a fraudster masquerading as Apple or one its partners.Also, email certificates will be used to encrypt sensitive communications,providing additional layers of security within the Credit Union so that membersÂ'personal information remains protected.

* To help ensure that Apple FCU customers are protected from hackers, AppleFCU will deploy ComodoÂ's HackerGuardian  a daily vulnerability scanning andcertification solution. Apple FCUÂ's servers will be scanned daily and theHackerGuardian TrustLogo will be displayed on the website to certify that AppleFCU webservers are free of known security vulnerabilities that hackers exploit.Highly visible, the TrustLogo provides instant verification of securitycredentials whenever members roll their mouse over the HackerGuardian TrustLogo.This TrustLogo will also be verifiable using VerificationEngine - making it theonly  unspoofable TrustLogo on the market today.

 Apple FCU represents a financial institution committed to providing the best andmost productive solutions to protect its members from online fraud , said AndrewPynes, Executive VP of Comodo.  These trust solutions will allow Apple FCU toenhance member confidence and trust thus removing potential consumer adoptionbarriers to online banking. This allows the Credit Union to realize higher adoptionof online services that can generate incremental revenue for Apple FCU.Â

About Apple Federal Credit Union

Apple Federal Credit Union, founded in 1956 by educators within Fairfax, VA, offersa full range of high-quality, low-cost financial products and services designed tohelp members in pursuit of an improved life. Every one of Apple FCUÂ's more than77,000 members owns an equal share of the credit union, and it is because of thisdynamic that all earnings are returned to the membership in the form of lower loanrates, higher dividend yields and more.

Through a lifelong partnership with anyone touched by education, Apple FCUÂ's missionhas been to help members achieve their dreams by offering competitive financialsolutions, with dedicated personal service. They exist, not for profit, but for thebenefit of their members, and. Apple offers these members a full range of services(e.g. deposits, loans, checking and more), making Apple FCU the premier financialinstitution serving the educational community. For more information, please visitwww.applefcu.org

About Comodo

Comodo is a leading global provider of Identity and Trust Assurance services on theInternet, with over 200,000 customers worldwide. Headquartered in Jersey City, NJwith global offices in the U.S., UK, Ukraine and India, the company offersbusinesses and consumers the intelligent security, authentication and assuranceservices necessary to ensure trust in online transactions.

As a leading Certification Authority, and in combination with the Digital Trust Lab,Comodo helps enterprises address digital ecommerce and infrastructure needs withreliable, third generation solutions that improve customer relationships, enhancecustomer trust and create efficiencies across digital ecommerce operations. Comodo'ssolutions include integrated Web hosting management solutions, infrastructureservices, digital e-commerce services, digital certification, identity assurance,customer privacy and vulnerability management solutions. For additional informationon Comodo - Creating Trust Online - please visit: www.comodo.com.


Source: Express-Press-Release.com
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