Boiling Springs Savings Bank chooses Comodo`s Two Factor Authentication Solution to meet 2006 FFIEC guidelines

Released on = November 17, 2006, 1:45 am

Press Release Author = Judy Shapiro

Industry = Software

Press Release Summary = Boiling Springs Savings Bank\'s best practices approach to
mutual authentication incorporates PKI based client certificates to deliver strong
identity assurance protection that is highly configurable and at the lowest cost of
any PKI based solution on the market today.

Press Release Body = Jersey City, NJ (November 16, 2006) - Comodo, a global
Certification Authority and leading provider of Identity and Trust Assurance
Management solutions, announced today that Boiling Springs Savings Bank is deploying
Comodo\'s PKI-based Two Factor (TF) authentication solution as a critical component
of its best practices strategy to comply with FFIEC guidelines. Comodo TF is a
component of Comodo\'s S.A.F.E solution, which is an integrated suite of technologies
that provides a best practices approach to mutual authentication, identity assurance
and protection from phishing, pharming, and man-in-the-middle attacks.

Comodo Two Factor (TF) Client Certificates - a High-Performance, Low Cost Solution
with No Integration

Financial institutions are under pressure to comply with Federal Financial
Institutions Examination Council (FFIEC) guidelines by year-end to evaluate and
strengthen their mutual authentication processes for online banking transactions. To
comply with the guidelines, financial institutions seek to employ a multifactor
solution with ease of integration, ease of adoption by online banking customers and
ease of configurability. With Comodo TF, Boiling Springs Savings Bank can support a
high-performance two- factor solution while reducing operating costs. This
two-factor solution offers significant advantages over other two factor solutions
(such as matrix cards, tokens or image recognition solutions):

* One of the only PKI based two factor solution - PKI is considered one of the
strongest forms of authentication available for online security
* Lowest cost solution due to an established PKI infrastructure and digital
certificate lifecycle management processes
* Virtually the easiest multi-layer solution for members to adopt because there
is no change in member\'s online banking behavior once a DigitalID has been
created. Members conveniently continue to use their existing usernames and
passwords.
* High level of flexibility and configurability for the financial institution
* A platform that will support future authentication requirements
* Solution can be deployed in days
* Ease of customer support

Boiling Springs Deploys A Best Practices Approach To Mutual Authentication - Comodo
TF + Comodo Content Verification Certificates (CVC)

As a best practices financial institution, Boiling Springs incorporated Comodo TF
within their overall mutual authentication business process. To enable this level of
mutual authentication, Boiling Springs is deploying two synergistic technologies:
Comodo TF and Comodo Content Verification Certificates (CVC). While Comodo TF
enables Boiling Springs to authenticate the identity of the customer, Boiling
Springs also deployed CVC\'s so that their customers can verify the identity of the
bank. CVC\'s uniquely tie specific web content, such as the log in box and graphical
images, to specific Boiling Springs URL\'s and/or IP addresses thus confirming the
site\'s identity. Together, this provides a PKI based mutual authentication process
that thwarts phishing attacks, renders man-in the-middle attacks ineffective and
protects customers against identity theft.

\"As an Open Solutions Internet Banking application customer, we felt that the Comodo
TF solution offered us the best mix of strength of security, convenience for our
online banking customers, and lowest Total Cost of Ownership of the options
available for mutual authentication,\" said Ken Emerson, CTO of Boiling Springs
Savings Bank. \"The other advantages are ease of deployment with practically no
integration and a platform that will support our authentication requirements in the
future.\"

Comodo\'s S.A.F.E. Solution was developed specifically to address diverse, complex
and urgent needs of financial institutions for a solution that is configurable and
practical. \"The FFIEC guidelines are meant to address the changing nature of online
identity and trust assurance threats,\" said Andrew Pynes, Executive Vice President
of Comodo. \"FFIEC guidelines require financial institutions to implement solutions
this year that provide a highly secure, non-intrusive online banking experience.
Comodo can help thousands of financial institutions protect their customers and
achieve compliance with the guidelines.\"
About Boiling Springs Savings Bank

Boiling Springs Savings Bank is a New Jersey chartered savings bank with $1.1
billion in assets as of December 31, 2005. The Bank is headquartered in Rutherford,
New Jersey and has 14 branch locations in Bergen, Essex, Morris and Passaic
Counties. Boiling Springs offers a full suite of loan and deposit products,
including online banking, debit/ATM cards and bill pay services. For more
information, visit our Web site www.bssbank.com or call (201) 939-5000.
About Comodo

Comodo is a leading global provider of Identity and Trust Assurance services on the
Internet, with over 200,000 customers worldwide. With global offices in the US, 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
(DTL), 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.comodogroup.com.

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

Contact Details = Comodo
525 Washington Blvd.,
Jersey City, NJ 07310
United States
888 266 6361
media-relations@comodo.com

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