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Japan Net Bank and Sumitomo Mitsui Banking Corporation Select RSA Security for Consumer Authentication

Posted on: Thursday, 26 January 2006, 12:00 CST

BEDFORD, Mass., Jan. 26 /PRNewswire-FirstCall/ -- RSA Security Inc. today announced that Japan Net Bank and Sumitomo Mitsui Banking Corporation (SMBC) selected RSA SecurID(R) strong authentication solution to better protect online banking customers in Japan. As cyber security threats become increasingly sophisticated, financial institutions worldwide are embracing stronger methods of protecting their customers. Japan Net Bank and SMBC join a growing roster of financial institutions across the globe -- including Banorte (Mexico), Credit Suisse, E*TRADE Financial, ProCredit Bank (Germany) and UniCredit Banca (Italy) -- leveraging RSA Security's two-factor authentication technology to help protect consumers against account fraud, phishing and other online security threats.

According to Japan Net Bank: "In order to meet the high security expectations of Japan Net Bank customers, we have worked to consistently provide tools and services that deliver stronger protection for online transactions. RSA SecurID technology is the optimal solution because it is easy-to-use, portable and operates in a variety of environments, including PCs, mobile phones and telephone banking. Thanks to this stronger authentication capability, Japan Net Bank's customers will have the confidence of knowing that their online transactions are much more secure."

Japan Net Bank

Japan Net Bank, which launched in 2000 as the first Internet-focused bank in Japan, announced it will deploy RSA SecurID two-factor authentication tokens to more than one million online banking customers. Japan Net Bank becomes the first financial institution in the world to deliver two-factor authentication tokens to all active account holders. Offering RSA SecurID tokens to online banking customers is part of the bank's overall strategy for reinforcing the security of online banking.

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation became the first financial institution in Japan to offer two-factor authentication to online banking customers as part of the bank's One's Direct Internet banking service. One's Direct is one of the largest Internet banking networks in Japan with over 6 million users. By providing RSA SecurID two-factor authentication technology to consumers using One's Direct, SMBC is enhancing its security measures in order to support its customers' efforts to stay protected while transacting online.

"As financial institutions strive to better protect their online banking customers, these organizations seek solutions that are flexible, adaptable, and easily implemented across multiple channels," said Christopher Young, vice president of consumer authentication at RSA Security. "By delivering the industry's most comprehensive suite of authentication and anti-fraud solutions and expertise, RSA Security is in the unique position of providing a range of security tools that meet the diverse and dynamic needs of financial organizations and their online customers."

About RSA Security Inc.

RSA Security Inc. is the expert in protecting online identities and digital assets. The inventor of core security technologies for the Internet, the company leads the way in strong authentication and encryption, bringing trust to millions of user identities and the transactions that they perform. RSA Security's portfolio of award-winning identity & access management solutions helps businesses to establish who's who online -- and what they can do.

With a strong reputation built on a 20-year history of ingenuity, leadership and proven technologies, we serve approximately 19,000 customers around the globe and interoperate with more than 1,000 technology and integration partners. For more information, please visit http://www.rsasecurity.com/.

RSA, SecurID and RSA Security are either registered trademarks or trademarks of RSA Security Inc. in the United States and/or other countries. All other products and services mentioned are trademarks of their respective companies.

For more information: Courtney Hohne Dave Howell OutCast Communications RSA Security Inc. (415) 392-8282 (781) 515-6303 courtney@outcastpr.com dhowell@rsasecurity.com

First Call Analyst: FCMN Contact:

RSA Security Inc.

CONTACT: Courtney Hohne of OutCast Communications, +1-415-392-8282,courtney@outcastpr.com; or Dave Howell of RSA Security Inc., +1-781-515-6303,dhowell@rsasecurity.com

Web site: http://www.rsasecurity.com/

Source: PRNewswire-FirstCall

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