VeriSign pending acquisition of low assurance SSL provider GeoTrust puts VeriSign in position to fulfill on the promise of its `Trusted Commerce Initiative`

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Released on: 25, May 2006
, Author: Comodo Group Inc
, Audience: Computers related

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Jersey City, NJ (May 25, 2006) Â Comodo, a global leader inIdentity and Trust Assurance Management solutions, believes VeriSignÂ's announcementto acquire GeoTrust is a positive first step toward VeriSign fulfilling its promiseto ensure the highest standards in identity assurance for all online merchants. Withthis announcement, Comodo believes that VeriSign, by curtailing the dispersion ofnon-validated low assurance SSL certificates, can deliver identity assurance forpreviously unverified eCommerce sites.

With the news of this acquisition, consumers, organizations and regulators can soonexpect more SSL certificates to provide critical identity assurance for websites,thus creating trust online. Since most GeoTrust certificates are currently domainvalidated only without any business authentication, they significantly undermine theefficacy of the padlock icon as a trust indicator. In contrast, Comodo provides abalanced portfolio of SSL certificates solutions, all of which provide the means toestablish critical identity assurance. Our SSL certificate solutions scale to meetthe needs of businesses of all sizes and include:

Enterprise SSL Â a high volume, enterprise class solution that provides high levelsecurity with management tools for ease of use;

Instant SSL Â the eCommerce SSL certificate that provides highly secured encryptionwith full business validation; and

Positive SSL Â domain validated SSL with optional free business verification inIdAuthority, one of the worldÂ's largest online directories of authenticatedebusinesses managed by Comodo.

ComodoÂ's focus is Identity and Trust Assurance (ITA) and has been a core businessdriver since ComodoÂ's inception as a Certification Authority in 2001. As a result ofthis focus, Comodo has innovated with new technologies (e.g. patented web contentverification for site assurance) and free consumer security tools to expand the poolof confident online consumers. In addition, Comodo led the establishment of the CABForum  a consortium of the major browser providers and leading CertificationAuthorities for developing guidelines that will drive future SSL certificationpractices.

 As a leading CA, Comodo has been aggressively pushing to strengthen identityassurance certification on the Internet, said Melih Abdulhayoglu, CEO and ChiefSecurity Architect of Comodo.  We have invested significantly in authenticationprocesses and technologies for every SSL certificate under the Comodo brand. We arehopeful that with its acquisition of GeoTrust, VeriSign will raise the level ofInternet assurance for all VeriSign SSL certificates.Â

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 and India, the company offers businesses andconsumers the intelligent security, authentication and assurance services necessaryto 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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