Hardware-Based Security Device Coupled With Trusted Network Superior to Software Solutions Such as Symantec's Norton Confidential
SAN MATEO, Calif., Oct. 12 // -- GuardID Systems(TM), a leader in online transaction security solutions aimed at protecting consumers against phishing and pharming attacks, announced today that the number of retail stores carrying its ID Vault products will more than double by the end of October 2006.
"Our ID Vault is a smartcard-based hardware solution that offers far superior protection against Internet fraud for online banking and brokerage users than software-only solutions such as Symantec's recently announced Norton Confidential," said Jerry Thompson, CEO of GuardID Systems. "Smartcard technology has been endorsed by the FFEIC as one of its recommended solutions to U.S. banks to stem the growing problem of online fraud and identity theft. As an additional benefit, ID Vault is also a portable device that works on multiple computers in different locations."
Bill Loesch, GuardID Systems COO, pointed out that, "Our database of U.S. financial institutions is unique in that it contains over 6,000 banks, credit unions and brokerages. Our trusted network is monitored and updated daily and is directly coupled to the ID Vault security hardware, ensuring that ID Vault users will never inadvertently send their sign-in credentials to a pharming or phishing site."
ID Vault, with its patent-pending technology, protects consumers directly from online fraud and identity theft attacks. Online identity theft is the fastest growing form of fraud in the U.S. and approximately 27 million American adults have been victims of identity theft in the last five years, according to the Federal Trade Commission (FTC).
About ID Vault Solution:
The ID Vault solution combines a USB security device with GuardID's trusted network of online financial institutions. The ID Vault security device allows consumers to store all of their usernames and passwords accessible with a single PIN. GuardID's trusted network currently includes over 6,000 financial institutions protecting users from online identity theft. The ID Vault solution is currently available at Best Buy, Circuit City, CompUSA and Fry's Electronics and will be available soon at Meijers, Pamida, Office Max, Sam's Club and online shopping sites starting at $49.95.
About GuardID Systems:
GuardID Systems, a privately held company, designs, develops and markets anti-phishing and pharming products to help consumers protect themselves against online identity theft and other forms of fraud. For more information, please visit guardidsystems.com.
Source: GuardID Systems
CONTACT: Paulien Ruijssenaars of GuardID Systems, +1-831-685-2107, or firstname.lastname@example.org
Web site: guardidsystems.com/