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Based on strong Public Key Infrastructure (PKI), the Comodo solutions deliver ahighly secure and innovative way to create a mutual-authentication model thatconfirms the site and user identity that is easy on the user and the bank.Importantly, these solutions leverage the mature and proven PKI platform so thatbanks can benefit from a holistic offering that provides ease of deployment, costeffectiveness, and a highly secure PKI platform for mutual authentication processes.
"We've chosen Comodo because they understand how to leverage the best-in-breedsecurity while maintaining the convenience and ease-of-use of our online bankingsystem," said Linda George, AVP of Support Service at The First National Bank ofIpswich. "From a total cost of ownership, Comodo's authentication system providedrapid integration with minimal rollout dependencies, which was a major advantageover any other solutions considered."
Maryjon Brett, SVP of IT & Operations for The First National Bank of Ipswich notes,"Our original two-factor solution was somewhat cumbersome. So we are very excitedabout the multiple solutions provided by Comodo. The addition of the Comodo EV SSLcertificates and Comodo Content Verification Certificates solutions to their TwoFactor Authentication solution allows us to stand-by our commitment to offer ourcustomers user friendly state-of-the-art security solutions for their onlinetransactions."COMODO SOLUTION SUMMARY1) Two Factor (TF) Client Certificates are a User Authentication Solution that is aHigh-Performance, Low Cost Solution Requiring Little Integration
Financial institutions are under pressure to comply with Federal FinancialInstitutions Examination Council (FFIEC) guidelines to strengthen their mutualauthentication processes for online banking transactions. With Comodo TF, FNBI cansupport a high-performance two-factor solution while reducing operating costs. Thistwo-factor solution offers significant advantages over other two-factor solutions:
* One of the only PKI-based two-factor solutions which analysts consider as oneof the strongest forms of authentication available for online security * Low cost solution due to an established PKI infrastructure and digitalcertificate lifecycle management processes * Virtually the easiest multi-layer solution for customers to adopt becausethere is no change in members' online banking behavior once a DigitalID has beencreated. Customers conveniently continue to use their existing usernames andpasswords. * High level of flexibility and configurability and solution can be deployed indays * Ease of customer support
2) EV SSL Certificates
These high assurance certificates provide encryption and authentication of businessidentity with a new confirming green indicator in the address bar delivered throughthe browser interface confirming site identity. This new class of SSL Certificatesprovides a new level of identity assurance for online banking customers and is acritical component of a fully integrated identity and trust assurance best practicesapproach to a trusted online banking experience.3) Content Verification Certificates (CVC) protects customers from phishing,pharming, and man-in-the-middle attacks
Comodo's unique Content Verification Certificates authenticates web content (such asa log-in box or graphics) to authenticate site identity. This is the only digitalcertificate on the market today that protects against man-in-the middle attacks asthis solution alone delivers non-browser "green good to go" indicator confirmingsite identity.
With this technology, FNBI customers can verify the site's identity using a freeplug-in (VerificationEngine) that immediately informs customers they are at thegenuine FNBI website and not a spoofed Phishing site.
Comodo's authentication solutions were developed specifically to address diverse,complex and urgent needs of financial institutions for a solution that isconfigurable and practical. "The continuing pressure on banks to introduce newonline banking services while maintaining security is an important challenge," saidMelih Abdulhayoglu, CEO and Chief Security Architect of Comodo. "These solutions arebased on PKI, a highly recognized security standard yet are non-intrusive to theonline banking experience. Comodo delivers compliance, security within anarchitecture that is easy on banks and their customers."
For more information, please visit www.comodo.com/bankingAbout The First National Bank of Ipswich
At The First National Bank of Ipswich, our goal is to consistently provideextraordinary service that exceeds our customer's expectations, through our highlymotivated and dedicated employees. We are proud of our rich heritage of serving thebusinesses and residents of our local communities for over 114 years and remaincommitted to support and actively participate in these communities. FNBI hasinvested in a number of expansion, technology and growth initiatives, which haveprovided access to new markets and services. This has positioned us well as acommunity bank to provide a unique blend of quality financial services in convenientlocations with a personal touch.
The First National Bank of Ipswich (www.fnbi.com) is a federally chartered bank anda subsidiary of First Ipswich Bancorp. Incorporated in 1892, FNBI is a full-servicecommercial bank, serving communities in Beverly, Boston, Essex, Gloucester,Newburyport and Rowley, MA and Portsmouth, NH.About Comodo
The Comodo companies provide the infrastructure that is essential in enablinge-merchants, other Internet-connected companies, software companies, and individualconsumers to interact and conduct business via the Internet safely and securely. TheComodo companies offer PKI SSL, Code Signing, Content Verification and E-MailCertificates; award winning PC security software; vulnerability scanning servicesfor PCI Compliance; secure e-mail and fax services.
Continual innovation, a core competence in PKI, and a commitment to reversing thegrowth of Internet-crime distinguish the Comodo companies as vital players in theInternet's ongoing development. Comodo secures and authenticates online transactionsand communications for over 200,000 business customers and 3,000,000 users of ourdesktop security products.
For additional information on Comodo - Creating Trust Online visithttp://www.comodo.com
F or more information, reporters and analysts may contact:Judy ShapiroComodo+1 (201) 963-9471Email: judy.shapiro@comodo.com
