August 13, 2008
VeriSign Wins Network Products Guide Reader Trust Award for Best in Multi- and Second-Factor Security
VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, announced today that Network Products Guide, a Silicon Valley Communications publication and a world leading publication on technologies and solutions, has named the VeriSign Identity Protection (VIP) Authentication Service a winner of the 2008 Best Products and Services Award. This respected annual award honors products and services that represent the rapidly changing needs and interests of the end-users of technology worldwide. As part of the tech-industry's leading global awards program, this year's Best Products and Services were nominated from all over the world.
The VIP Authentication Service is a two-factor authentication solution fully hosted by VeriSign that offers a wide choice of credentials including standalone tokens, credit card sized devices and mobile phones. The VIP Authentication Service is deployed on the VIP Network, a shared network enabling consumers to conveniently use a single security device to authenticate themselves across any participating VIP-enabled Web site. By leveraging a shared authentication network, VIP makes it simpler and more cost-effective for companies with extensive online presence to implement stronger authentication. For organizations, membership in the VIP Network helps distribute the costs of strong authentication."Increased end-user awareness and ongoing advances in technology are helping shape better products and services," says Rake Narang, editor in chief, Network Products Guide. "VIP is bringing improvements in consumer authentication and identity protection online."
"For online businesses, trust is essential for success," said Kerry Loftus, vice president of consumer authentication, VeriSign. "By adding an extra layer of protection beyond traditional log-ins with two-factor authentication, organizations around the world are preserving the trust they've built with their customers. We're pleased that the VIP Authentication Service has received a 2008 Network Products Guide Reader Trust Award, an honor that reflects the importance of keeping consumers and businesses safe from the reach of fraudsters and identity thieves."
About Network Products Guide Awards
Network Products Guide, published from the heart of Silicon Valley, is a leading provider of products, technologies and vendor related research and analysis. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at www.verisign.com
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including the VeriSign Identity Protection Authentication Service, the possibility that VeriSign's announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2007 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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SOURCE: VeriSign, Inc.