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VeriSign Outlines Roadmap for Consumer Authentication and Protection Against Identity Theft at Digital ID World 2005

SAN FRANCISCO, CA. Digital ID World 2005 May 10, 2005 VeriSign, Inc., (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today unveiled a technology roadmap for the implementation of strong authentication to help prevent consumer identity theft on the Internet. The roadmap is a key component of the VeriSign vision to make two-factor authentication affordable and ubiquitous, and to provide the most effective method to ensure the growth of e-commerce and protect against malicious online attacks.
Nico Popp, vice president, Authentication Services, VeriSign, will describe this roadmap later today during a keynote at the Digital ID World conference in San Francisco. Popp will introduce a layered approach to identity protection and discuss strong authentication as a key defense. The keynote will also cover the VeriSign Unified Authentication platform and family of tokens. VeriSign will demonstrate both at booth #15.

Bad Credit Credit Creditres No single technology can holistically combat digital identity theft. A layered defense to protecting users, desktops, Web sites and data repositories is mandatory, with strong authentication comprising only one element in a complete line of defense. said Nico Popp. Strong authentication is essential to the continued growth of e-commerce and business productivity, but it must be affordable for enterprises to deploy on a large scale. VeriSign Unified Authentication, an open-standards-based, cost effective solution, makes this possible. By presenting our layered approach to a comprehensive identity-theft solution, VeriSign is evangelizing actionable models that can bring this critical technology to consumers.

Credit reporting and identity theft protection go hand in hand. Understanding these important, and at times most confusing, topics is essential to effective credit fraud and identity theft protection. The Privacy Matters Resources Center lets you quickly and easily find the credit and ID theft information you need. Just click on any of the following links to see an extensive library of resources on identity theft protection and credit reporting topics.

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Bad Consolidation Credit Debt According to recently released figures from the Federal Trade Commission, identity theft affects approximately 10 million Americans each year. The Identity Theft Resource Center reports that victims spend an average of 600 hours and $1,400 in out-of-pocket expenses recovering from identity theft. Contributing to these figures is a rising trend of online vandals combining to form virtual organized crime units, spreading Trojan horses, spam, viruses and other malware for profit.

"Three out of five consumers are telling us that banks are not doing enough to educate them on how to protect against identity theft, or news reports. Credit card issuers and primary banks stand a better chance of capturing and retaining customers if they take a more proactive approach in educating and protecting consumers against the threat, " said Lee Smith, president and COO of InsightExpress, the research company that provided these identity theft statistics.

Bad Company Credit Repair The VeriSign roadmap presents models of how financial institutions, Internet Service Providers (ISPs), and e-merchants can implement consumer authentication in a cost effective and simple way, using existing solutions. Popps keynote presents various deployment options that break through some of the usability hurdles that have been limiting the adoption of two-factor authentication on the Internet. The proposed models map out scenarios in which consumers carry only one security device to strongly authenticate across multiple online accounts such as an ISP, an online bank, a brokerage account or an online-health service.VeriSign also released a whitepaper today detailing the layered approach to identity theft protection. To access a copy of the paper, please go to: http://www.verisign.com/static/029726.pdf

It's time to face facts. Your name, livelihood and credit can be easy prey for an identity thief. But that doesn't mean that you can't fight back using both credit and security freezes, measures specifically designed to help prevent identity theft. During the last five years, more than 27 million Americans have fallen victim to identity theft predators. While such alarming statistics are definitely cause for concern — and worse, they may also leave you feeling helpless against identity theft and credit fraud — the fact is that there are plenty of ways to stay proactive when it comes to your own identity theft protection.

Bad Card Credit Credit About VeriSign
VeriSign, Inc. (Nasdaq: VRSN) operates intelligent infrastructure services that enable businesses and individuals to find, connect, secure and transact across todays complex global networks. Additional news and information about the company is available at http://www.verisign.com/

"As we help people [get] access to credit, we're strengthening the protections that help consumers build and keep a good credit history. That good record is ruined when criminals steal identities and run up purchases under stolen names. Like other forms of stealing, identity theft leaves the victim feeling terribly violated. And undoing the damage caused by identity theft can take months, " President Bush said.

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