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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 mutualtransaction authentication online - meaning that consumers are able to verify thelegitimacy of the Websites before and during the transaction, and that banks canauthenticate users with a two-factor process. Only Comodo's ITA S.A.F.E. toolset canaccomplish this best practices standard by empowering banking customers with newmechanisms and technologies to proactively authenticate the website thus protectingtheir digital identities. In this environment, Comodo's core competency in identityassurance becomes the main platform for a differentiated and integrated solutionthat provides preventative and remedial solutions to engender customer onlinebanking confidence.
"ITA S.A.F.E. not only helps banks best address regulatory compliance, but enablesthem to provide the most secure online transactions for their customers," said MelihAbdulhayoglu, President and CEO of Comodo. "By doing this, banks can recognizereduced operational and customer support expenses, mitigate risk in a proactivemanner, and most importantly, increase customer trust online."
The fundamental components of the S.A.F.E. Solution include both products andservices configurable to specific customer strategies, needs and requirements. Thecore products available within the toolkit include:
* ITA infrastructure enablers such as vulnerability scanning with HackerGuardian, eMerchant payment gateways and LINUX based solutions via the ComodoTrustix Suite; * ITA Tools such as high assurance SSL certificates to encrypt and authenticatebusiness legitimacy and Content Verification Certificates (CVC) that bringsirrefutable 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, anweb conferencing service and eMerchant Payment Gateways;
The product offerings within the S.A.F.E. Solution can be leveraged with a fullyintegrated services program to support banking customers. This consists of freeaccess to Comodo's LaunchPad security suite which includes personal emailcertificates, personal firewall, an anti SPAM solution, access to IdAuthority, Webauthentication and a password manager.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 UK, Ukraine, Norway 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(DTL), Comodo helps enterprises address digital ecommerce and infrastructure needswith 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. Foradditional information on Comodo - Creating Trust Online - please visit:www.comodogroup.com.
