Data and Database Management Software
GeoTrust Two-factor Authentication Solutions Gaining Momentum by Organizations Large and Small to Provide Stronger Online Security
Digital Certificates Used to Strongly Authenticate Individuals and Organizations in Transactions Ranging from Online Banking to Electronic Notarization
NEEDHAM, Mass., June 7 / - GeoTrust, Inc., a leader in identity verification solutions for e-business and a leading issuer of digital certificates for web security, today announced that its strong, two-factor authentication solutions are increasingly being deployed by organizations of all sizes, across a range of industries, to authenticate individuals in online transactions. GeoTrust's True Credentials digital certificates, as well as TC Enterprise ID smart card solutions developed by the company's TrustCenter division, are being used in a wide range of applications, including electronic notarization, online banking, corporate network access, electronic invoicing and document signing. Together, GeoTrust and TrustCenter have issued more than 500,000 client-authentication certificates.
"As more high-value transactions move online, so does the risk of online fraud. Couple that with increasingly regulated environments, and it's clear that almost every online transaction needs strong authentication," stated Neal Creighton, CEO of GeoTrust. "Organizations of all sizes are choosing GeoTrust's digital certificates to authenticate individuals in online transactions because they are cost-effective, flexible and can be stored on a user's PC, a token or a smart card."
Two-factor, strong authentication solutions replace basic password security with a multi-tiered approach - combining a physical identification device, such as a token, smart card or a digital credential stored on a PC, with an additional factor, such as a PIN or password. The combination of two factors meets regulatory guidelines in many industries, including online banking and healthcare, as well as many government initiatives. Two-factor authentication provides the non-repudiation many high-stakes transactions require, since possession of something a user has and something a user knows significantly mitigates the risk of fraud and identity theft.
GeoTrust's True Credentials® and True Credentials® Express provide easy-to-deploy and cost-effective two-factor solutions for small to mid-sized businesses. TrustCenter's TC Enterprise ID is designed for organizations that need to manage digital certificates for thousands of users on PCs, smart cards or USB tokens. All of the companies' solutions feature a simplified user environment that leverages GeoTrust's managed PKI certificate services. This provides all of the benefits of PKI, such as ubiquity and strong encryption, without requiring an organization to have dedicated in-house resources or expertise.
Some examples of customers using GeoTrust's and TrustCenter's strong authentication solutions and their applications include:
o BMW is using TrustCenter certificates to secure access to numerous
internal applications as well as its external web portal
o HBOS (Halifax Bank of Scotland) is using TC Enterprise ID on smart cards
for authenticating its commercial banking customers to ensure secure
online financial transactions
o The National Notary Association has launched its Electronic Notary Seal
program, using GeoTrust certificates, allowing digital notarization of
electronic documents
o Pennsylvania State University is using GeoTrust's Adobe Certified
Document Solution, based on True Credentials, to sign transcripts
electronically
o Several pharmaceutical companies and healthcare agencies are using
GeoTrust's digital certificates to sign and encrypt sensitive
healthcare documents, to meet regulatory compliance
o Alpine Engineered Products' engineers digitally sign engineering
drawings to provide building departments, partners and clients with the
high assurance that is required in content-sensitive drawings
For more information about GeoTrust's strong authentication solutions, contact GeoTrust at www.geotrust.com/ or call 1-800-944-0492. TrustCenter can be reached at www.trustcenter.de/ or by calling (49) 40 808-0260.
About GeoTrust, Inc.
GeoTrust is a leader in identity verification and trust services for e-business, and the fastest growing Certificate Authority, according to market research firm Netcraft. Its products include web security services for secure e-commerce transactions, identity verification, managed security services and TrustWatch (http://www.trustwatch.com/), a free toolbar and search site that helps consumers recognize whether a site has been verified and is safe for the exchange of confidential information. With more than 100,000 companies worldwide using its technology for online security, GeoTrust has rapidly become the second largest digital certificate provider in the world. Visit www.geotrust.com/ for more information.
About TC TrustCenter
As one of the leading international solution providers on the IT security sector, TC TrustCenter's range of customers consists of international companies, medium-sized enterprises, authorities and private customers. In order to efficiently address this great variety of needs, TC TrustCenter's scope of services includes all stages of security projects and their value-added chains. The company's core competencies include extensive consulting services and the complete process of developing and integrating IT security solutions, beginning with analyses and project concepts and ending with their full integration into company processes. An existing modular security infrastructure, scalable systems as well as a network of competent partners are available to ensure quality customer service.
GeoTrust, True Credentials and TrustWatch are registered trademarks of GeoTrust, Inc. TC EnterpriseID is a trademark of TC TrustCenter. All other product names are trademarks or registered trademarks of their respective owners.
Media Contacts:
Joan Lockhart
GeoTrust, Inc.
781-292-4153
joanl@geotrust.com
Gunilla Pendt
TC TrustCenter
+49 40 808026-410
gunilla.pendt@trustcenter.de
Liz Serotte
Schwartz Communications, Inc.
781-684-0770
geotrust@schwartz-pr.com
Source: GeoTrust, Inc.
Web site: www.geotrust.com/
