Apple FCU Selects Comodo To Deliver Anti - Phishing Protection To Its Members

Released on = August 10, 2006, 10:27 am

Press Release Author = Comodo Group Inc

Industry = Software

Press Release Summary = New patent pending technology provides revolutionary ability
to verify site identity with a touch of the mouse

Press Release Body = Jersey City, NJ (August 10, 2006) - Comodo, a global
Certification Authority and leading provider of Identity and Trust Assurance
Management solutions, announced today that Apple Federal Credit Union, a
not-for-profit member-owned cooperative serving more than 77,000 members in the
Northern Virginia community has selected Comodo's new technology, VerificationEngine
(VE) to protect members from phishing and pharming attacks. In addition, Apple FCU
will utilize other elements in Comodo's flagship S.A.F.E. Solution (Secure and
Authenticated Financial Engagements) including High Assurance SSL certificates,
email certificates and HackerGuardian to ensure that Apple members can experience
increased verification and security in online banking. Apple FCU chose Comodo as its
authentication partner because Comodo's credentials and expertise as a Certification
Authority uniquely qualify it to deliver new technology for ensuring mutual
authentication.

"The VerificationEngine solution that Comodo has introduced provides our members
with a truly user-friendly authentication solution that allows them to conduct
online transactions confidently", said Mr. Juan Batista, VP of Information
Technology of Apple FCU. "In today's digital world, online fraud is dampening our
members' adoption of online financial services. This solves our customers' issues
while providing us with a solution that can be deployed quickly and for less than we
thought possible."

Apple FCU is utilizing the following core elements of Comodo's S.A.F.E. solution:

* VerificationEngine is an anti-phishing tool that lets users verify web
content before they submit any sensitive information. Consumers simply roll the
mouse over protected web content (e.g. log-in box) to verify if the content is
genuine to the site it claims to be. If the site is authentic and can be
verified, a bright green "good to go" border will be displayed outside the
browser environment making this trust indicator impervious to fraudsters and
site imposters. Today, VerificationEngine (VE) can be used to verify the site
identity of more than 200,000 organizations including financial institutions,
government agencies and public companies.

* Comodo's InstantSSLT Certificates provide Apple FCU with certification
and authentication of business identity. Only High-Assurance SSL certificates
can both authenticate site identity and enable encrypted transactional sessions.
These High Assurance SSL certificates are a key weapon in defending against
phishers and pharmers because low assurance, non-business vetted SSL
certificates do not provide identity assurance which is why phishing attacks can
be launched.

* Apple FCU is also employing Comodo's email certificates which ensure that
when a member receives an email from the Credit Union, the consumer can be sure
that the sender is not a fraudster masquerading as Apple or one its partners.
Also, email certificates will be used to encrypt sensitive communications,
providing additional layers of security within the Credit Union so that members'
personal information remains protected.

* To help ensure that Apple FCU customers are protected from hackers, Apple
FCU will deploy Comodo's HackerGuardianT - a daily vulnerability scanning and
certification solution. Apple FCU's servers will be scanned daily and the
HackerGuardian TrustLogo will be displayed on the website to certify that Apple
FCU webservers are free of known security vulnerabilities that hackers exploit.
Highly visible, the TrustLogo provides instant verification of security
credentials whenever members roll their mouse over the HackerGuardian TrustLogo.
This TrustLogo will also be verifiable using VerificationEngine - making it the
only "unspoofable" TrustLogo on the market today.

"Apple FCU represents a financial institution committed to providing the best and
most productive solutions to protect its members from online fraud", said Andrew
Pynes, Executive VP of Comodo. "These trust solutions will allow Apple FCU to
enhance member confidence and trust thus removing potential consumer adoption
barriers to online banking. This allows the Credit Union to realize higher adoption
of online services that can generate incremental revenue for Apple FCU."


About Apple Federal Credit Union

Apple Federal Credit Union, founded in 1956 by educators within Fairfax, VA, offers
a full range of high-quality, low-cost financial products and services designed to
help members in pursuit of an improved life. Every one of Apple FCU's more than
77,000 members owns an equal share of the credit union, and it is because of this
dynamic that all earnings are returned to the membership in the form of lower loan
rates, higher dividend yields and more.

Through a lifelong partnership with anyone touched by education, Apple FCU's mission
has been to help members achieve their dreams by offering competitive financial
solutions, with dedicated personal service. They exist, not for profit, but for the
benefit of their members, and. Apple offers these members a full range of services
(e.g. deposits, loans, checking and more), making Apple FCU the premier financial
institution serving the educational community. For more information, please visit
www.applefcu.org

About Comodo

Comodo is a leading global provider of Identity and Trust Assurance services on the
Internet, with over 200,000 customers worldwide. Headquartered in Jersey City, NJ
with global offices in the U.S., UK, Ukraine and India, the company offers
businesses and consumers the intelligent security, authentication and assurance
services necessary to ensure trust in online transactions.

As a leading Certification Authority, and in combination with the Digital Trust Lab,
Comodo helps enterprises address digital ecommerce and infrastructure needs with
reliable, third generation solutions that improve customer relationships, enhance
customer trust and create efficiencies across digital ecommerce operations. Comodo\'s
solutions include integrated Web hosting management solutions, infrastructure
services, digital e-commerce services, digital certification, identity assurance,
customer privacy and vulnerability management solutions. For additional information
on Comodo - Creating Trust OnlineT - please visit: www.comodo.com.

Web Site = http://www.comodo.com

Contact Details = Ph: +1 888 266 6361
email : media-relations@comodo.com
web: www.comodo.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •