Entrust Offers U.S. Financial Institutions a Guarantee on FFIEC Compliance
Entrust Builds on Strategic Global Services Partnership in Risk and Compliance
DALLAS, Sept. 6 -- A lot of security vendors talk about ways to address the Federal Financial Institute Examination Council's (FFIEC) guidance for stronger authentication by the end of the year, but how many are offering a guaranteed solution delivered by the deadline? Just one. Today, Entrust, Inc. (NASDAQ:ENTU) is announcing that it will provide a warranty to customers who enroll in this new program by October 16 that the offered solutions will meet the FFIEC guidelines for online authentication.* Entrust will also offer an option to have its Zero Touch FFIEC Compliance Solution deployed by IBM Global Business Services.
"Almost 80 percent of financial institutions haven't begun to roll out their solution to meet the FFIEC deadline," said Entrust Chairman, President and CEO Bill Conner. "Offering a guarantee will help give our customers peace of mind about being able to cross the finish line."
The Entrust Zero Touch FFIEC Compliance Solution includes both Entrust Zero Touch Fraud Detection(TM) platform and the Entrust IdentityGuard multi- factor authentication platform. The Zero Touch Fraud Detection platform will consist of eFraudMart, Real Time e-Fraud Detector and key fraud rules including geo-coding, behavior and transaction profiling. The Entrust IdentityGuard platform includes a range of multi-factor authentication methods including machine authentication, questions and answers, out-of-band via email and mutual authentication.
"In a recent poll, fifty-two percent of IT executives from financial institutions ranked impact to business applications the number one factor in choosing FFIEC compliance solutions," adds Conner. "Because our fraud detection solution doesn't touch back end applications, we not only address this need but are so confident we can do it in time to meet the FFIEC deadline, we will guarantee it."
The Entrust Zero Touch Fraud Detection platform does not require invasive integration with banking applications, nor does it impact the user experience. Because this method can operate in real time to help stop or reverse potentially fraudulent transactions, it can address the FFIEC online authentication requirements. In addition, the Zero Touch Fraud Detection solution can capture a wide range of online activity, not just logins and transactions, enabling organizations to detect and adapt to defend against new fraudulent patterns. This approach requires no changes to the financial institution's website and can be implemented and operated without making changes to back end applications.
Entrust IdentityGuard is a comprehensive multi-factor authentication platform for Internet and enterprise applications. This suite of strong authentication capabilities can help enable organizations to take a risk-based approach to tailoring a security deployment. The flexible deployment options can help enable organizations to match strong authentication methods to the level of risk they have determined to be associated with the different types of users, transactions and applications in their environments.
This special service guarantee offer be available through October 16, 2006 and is only for new customers in the United States. To read more about the relationship between Entrust and IBM Global Business Services, please click www.entrust.com/partners/profiles/ibm.htm and businesssignatures.com/company/press_releases/BusinessSignatures020806. htm .
* Limited warranty subject to additional terms and conditions.
About Entrust
Entrust, Inc. is a world leader in securing digital identities and information. Over 1,500 enterprises and government agencies in more than 50 countries use Entrust solutions to help secure the digital lives of their citizens, customers, employees and partners. Our proven software and services can help customers in achieving regulatory and corporate compliance, while helping to turn security challenges such as identity theft and e-mail security into business opportunities. For more information on how Entrust can help secure your digital life, please visit: www.entrust.com/ .
Source: Entrust, Inc.
CONTACT:
Michelle Metzger,
Media Relations
Entrust, Inc.,
Tel:+1-972-713-5866
michelle.metzger@entrust.com
Web site: www.entrust.com/
http://www.entrust.com/partners/profiles/ibm.htm
