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VeriSign, Inc.: More Than 100 Japanese Financial Institutions Bank on VeriSign EV SSL

^{Published on 2009-04-16 07:42:18, Last Modified on 2009-11-03 07:47:27 - Market Wire}
 

MOUNTAIN VIEW, CA--(Marketwire - April 16, 2009) - More than 100 banks throughout Japan are building trust with their online clients by deploying Extended Validation (EV) SSL Certificates from VeriSign, Inc. (NASDAQ: [ VRSN ]), the trusted provider of Internet infrastructure services for the networked world. Additionally, all 127 members of the Japanese Bankers Association are using VeriSign® brand SSL Certificates.

The Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp., Mizuho Bank, and Resona Bank are some of the more than 100 Japanese banks that have implemented Extended Validation (EV) Secure Sockets Layer (SSL) Certificates from VeriSign. VeriSign EV SSL Certificates help keep consumers from falling for phishing schemes designed to steal their passwords, account numbers and other private information.

When Internet users equipped with current versions of Internet Explorer, Firefox, Safari, Google Chrome, Opera and other browsers visit a site protected by EV SSL Certificates, the top of the browser lights up in green and displays the name of the company operating the Web site. This green glow offers immediate reassurance that they've reached a site whose authenticity has been verified by a certificate authority such as VeriSign, the world's leading SSL certificate authority.

By arming themselves with EV SSL Certificates, Web sites make it more difficult for e-criminals to confuse unsuspecting users with fraudulent look-alike pages. These increasingly realistic pages are designed to trick users into providing passwords, credit card information, and other personally identifiable information.

"Online banking helps lower the costs of service delivery and provides consumers with the convenience of anytime banking," said Tim Callan, vice president of product marketing at VeriSign. "But it also presents identity thieves and e-fraud cartels with millions of potential new targets. VeriSign EV SSL offers banks and other online businesses a way to send an immediately recognized, independently verified signal to consumers that they've reached a legitimate Web site. Now that more than 100 banks in Japan offer this enhanced protection, a large portion of the Japanese public can conduct their online banking with confidence."

As the most respected and trusted SSL authority on the Web, VeriSign is the EV SSL Certificate provider of choice for more than 8,000 Internet domains, representing 75 percent of the entire EV SSL Certificate market worldwide. In fact, more than 95 percent of the Fortune 500 and 96 of the world's 100 largest SSL using banks secure their sites with SSL Certificates sold by VeriSign.* To learn more about VeriSign EV SSL, visit [ http://www.verisign.com/EV-SSL ].

* Includes VeriSign's subsidiaries, affiliates and resellers.

About VeriSign

VeriSign, Inc. (NASDAQ: [ VRSN ]) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at [ www.verisign.com ].

Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including VeriSign EV SSL solutions; the possibility that VeriSign's announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2008 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.

©2009 VeriSign, Inc. All rights reserved. VeriSign, the VeriSign logo, the Checkmark Circle logo, and other trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc., and its subsidiaries in the United States and in foreign countries. All other trademarks are property of their respective owners.