Comodo SAFE Solution is First Tool to Enable Best Practices for Financial Institutions Identity and Trust Assurance Online

Released on = January 24, 2006, 4:54 am

Press Release Author = Comodo Group Inc

Industry = Computers

Press Release Summary = Comodo Technologies Provides Online Financial Institutions
with Toolkit Architecture To Address Regulatory Compliance and Bring Trust Back
Online for Consumers

Press Release Body = Jersey City, NJ (January 24, 2006) - Comodo Inc., a global
leader in Identity and Trust Assurance (ITA) Management solutions, announced today
the availability of its S.A.F.E Solution (Secure and Authentic Financial
Engagements) for online financial institutions. The new toolkit and business
processes is the only solution that enables a true best practices approach for
financial institutions as outlined by the Federal Financial Institutions Examination
Council (FFIEC). With these integrated preventive and proactive identity assurance
tools, banks can better address the growing issue of online fraud, a threat that is
increasing at a rate of 18% per year.

Today, phishing, pharming and online fraud are growing as fast as online sales,
which topped $136 billion in 2004 according to Forrester. To counteract this trend,
FFIEC promotes best practices for financial institutions to provide mutual
transaction authentication online - meaning that consumers are able to verify the
legitimacy of the Websites before and during the transaction, and that banks can
authenticate users with a two-factor process. Only Comodo\'s ITA S.A.F.E. toolset can
accomplish this best practices standard by empowering banking customers with new
mechanisms and technologies to proactively authenticate the website thus protecting
their digital identities. In this environment, Comodo\'s core competency in identity
assurance becomes the main platform for a differentiated and integrated solution
that provides preventative and remedial solutions to engender customer online
banking confidence.

\"ITA S.A.F.E. not only helps banks best address regulatory compliance, but enables
them to provide the most secure online transactions for their customers,\" said Melih
Abdulhayoglu, President and CEO of Comodo. \"By doing this, banks can recognize
reduced operational and customer support expenses, mitigate risk in a proactive
manner, and most importantly, increase customer trust online.\"

The fundamental components of the S.A.F.E. Solution include both products and
services configurable to specific customer strategies, needs and requirements. The
core products available within the toolkit include:

* ITA infrastructure enablers such as vulnerability scanning with Hacker
Guardian, eMerchant payment gateways and LINUX based solutions via the Comodo
Trustix Suite;
* ITA Tools such as high assurance SSL certificates to encrypt and authenticate
business legitimacy and Content Verification Certificates (CVC) that brings
irrefutable verification capability to web content through a non browser bound,
highly visible monitor indicator
* ITA consumer services for new bank revenue streams such as ID Protection Services
* ITA based secure collaboration products including TrustFax and ComodoMeet, an
web conferencing service and eMerchant Payment Gateways;

The product offerings within the S.A.F.E. Solution can be leveraged with a fully
integrated services program to support banking customers. This consists of free
access to Comodo\'s LaunchPad security suite which includes personal email
certificates, personal firewall, an anti SPAM solution, access to IdAuthority, Web
authentication and a password manager.
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 UK, Ukraine, Norway 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.comodogroup.com

Contact Details = Address: 525, Washington Blvd., Jersey City
United States

Phone Number: +1 888 266 6361
Email: media-relations@comodogroup.com

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