VeriSign has launched the VeriSign Identity Protection. VeriSign Identity Protection is a solution that provides identity protection for consumers who conduct businesses online.


VeriSign has launched the VeriSign Identity Protection. VeriSign Identity Protection is a solution that provides identity protection for consumers who conduct businesses online.

Paypal, eBay and Yahoo! have already signed up for VIP.

VIP allows consumers to use a single security device to authenticate themselves across future VIP-enabled Website of network members.

According to VeriSign’s press release, “VIP will make it simpler and more cost-effective for online companies such as financial institutions, ISPs or e-commerce sites to implement stronger authentication by leveraging a shared infrastructure and enabling everyday devices to become authentication devices.” [Source]

VIP’s components will include:

“¢ Shared Authentication Network
“¢ Multi-factor Authentication
“¢ Fraud Detection and
“¢ Fraud Intelligence Network

Judy Lin, executive vice president and general manager, VeriSign Security Services, said: “With the increase in both the frequency and sophistication of malicious online activities such as phishing and identity theft, a fresh approach is needed to protect consumers as they conduct business online.

VeriSign Identity Protection will provide a new means to protect consumer identities, combining multi-factor authentication, a shared network of information and intelligence and actionable fraud monitoring. With our partners, the VIP service will provide end-users with easy-to-purchase and easy-to-deploy multi-factor authentication.” [Source]

For more information on VIP, Source.

 

 

 

 

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