Comodo Combats New Variations of Online Fraud with New Class of Identity and Trust Assurance Solutions

Released on = June 5, 2007, 9:45 am

Press Release Author = Comodo Combats New Variations of Online Fraud with New Class
of Identity & Trust Assurance Solutions

Industry = Computers

Press Release Summary = To Help eMerchants Combat New Types of Online Fraud, Comodo
Delivers New Classes of Online Protection within its Identity and Trust Assurance
Suite of Security Solutions.As fraudsters get more funding and sophistication, SMBs
need best practices and best technology to compete

Press Release Body = Jersey City, NJ (June 05, 2007) - Comodo, a global
Certification Authority and leading provider of Identity and Trust Assurance
Management solutions, today announced that it is committed to protecting online
merchants from a new wave of fraudsters who are better funded and are using newer
technology and techniques. These emerging classes of fraudsters are especially
targeting the smaller or newer merchants because these enterprises seldom have the
financial or IT resources to protect themselves against the increasing levels of
scammer sophistication. Some recently publicized frauds include the use of Google
AdWords where they drive traffic to mimicked sites, thus potentially damaging the
reputation of legitimate eMerchants (http://www.msnbc.msn.com/id/18348120/). In
another new scam variation, fraudsters are threatening smaller eMerchants with a
denial-of-service (DOS) attack if these merchants do not pay heavy \"fees\". Recently,
such a gang was sentenced to 8 years in prison by Russian authorities for this type
of activity,
(http://www.newbusiness.co.uk/article/17/05/2007/virus_vulnerability.html. Both are
examples of a step change in the level of confidence fraudsters have and the
resources available to them.

Comodo has responded with its cutting-edge suite of Identity and Trust Assurance
(ITA) products and solutions to mitigate online threats. Comodo\'s ITA for small and
medium-sized businesses (SMBs) is a suite designed to address diverse trust threats.
The suite includes:

* EV SSL certificates that deliver new level of site identity assurance through
a highly visible green indicator delivered through the new security browsers
such as Microsoft IE7.
* Built on the research which confirms that site seals increase customer
conversion, Comodo TrustLogo provides verifiable proof of the merchant\'s
authenticity and the authenticity of the TrustLogo on the site with a simple
mouse-over. No other site seals provide this level of verifiable trust.
* To protect servers from hackers, HackerGuardian, a vulnerability scanning
solution, performs more than 14,000 daily tests and offers remedial advice when
a threat is detected. Servers that are secure display a HackerGuardian TrustLogo
providing visible reassurance of a site\'s server safety.
* PCI scan compliancy certification to prove adherence to PCI industry standards
which assures secure handling of sensitive customer credit card information

\"Internet scammers are increasingly well-funded and well-organized to launch
sophisticated social engineering attacks, abusing the trust that consumers have in
businesses of any size. These risks threaten to strain the Internet\'s growth as
consumers cut back their online transactions and move toward more conservative
online behavior,\" said Melih Abdulhayoglu, President and CEO of Comodo. \"Comodo
developed its ITA solutions to keep small and medium-sized businesses one step ahead
of the criminals.\"

Comodo offers the ITA suite at retail prices starting from $79 so that businesses of
all sizes can deliver a highly trusted online environment that is authenticated and
secure. The ITA suite is one of part of Comodo\'s strategy to transform from a
security-oriented model into a strategic conversion process using authentication for
increased trusted transactions. For more information on the Comodo\'s ITA suite or
other solutions, please visit www.instantssl.com.
About Comodo

Comodo, through its group of Internet security companies, is a leading Certification
Authority and global provider of Identity and Trust Assurance services on the
Internet. Comodo secures and authenticates online transactions and communications
for over 2,000,000 businesses and consumers.

With a global presence Comodo offers businesses and consumers third-generation
solutions for intelligent security and authentication technologies that create trust
online. Comodo\'s technological expertise includes PKI digital certification, Code
signing certification, integrated authentication infrastructure services, Web
Content authentication, Secure messaging solutions, PCI compliancy scanning, SSL
digital certificates including our flagship InstantSSL brand, HackerGuardian,
Banking solutions including Two Factor Authentication, and digital e-commerce
services.

For additional information on Comodo - Creating Trust OnlineT visit
http://www.comodo.com

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

Contact Details = +1 888 266 6361
media-relations@comodo.com

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