UPDATE: VeriSign(R) Identity Protection (VIP) Mobile Credential for Protecting Consumer Online Accounts Now Available

* Reuters is not responsible for the content in this press release.

Mon Apr 20, 2009 3:45pm EDT

  SAN FRANCISCO, CA, Apr 20 (MARKET WIRE) -- 
RSA CONFERENCE -- VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of
Internet infrastructure services for the networked world, today announced
that the VeriSign(R) Identity Protection (VIP) Access for Mobile
credential is now available for download onto more than 90 popular mobile
phone models including the BlackBerry (Storm, Curve, Pearl and Bold), as
well as the Motorola RAZR and others from Nokia and Sony Ericsson.

    With VIP Access for Mobile, tens of millions of mobile phone users can
enjoy strong authentication with a single credential when they log into
eBay, PayPal and more than 45 other sites that are part of the VIP
Network. Available immediately, VIP Access for Mobile is a free,
easy-to-install application that transforms leading mobile phones into
strong authentication credentials capable of generating a unique one-time
password (OTP) every time a consumer signs on to Web site protected by
the VIP Authentication Service. Users are granted access to their online
accounts only after their OTP, username and password are all matched to
their identity.

    "Transforming mobile phones into VIP credentials is a key element in the
effort to give two-factor authentication a broader footprint among
consumers and enterprises," said Fran Rosch, senior vice president of
Authentication Product and Strategy at VeriSign. "VIP Access for Mobile is
part of our strategy to make VIP strong authentication ubiquitous by
making it increasingly easier for users and enterprises alike to adopt
and use."

    Available today, VIP Access for Mobile can be downloaded for free at
http://m.verisign.com The officially supported carriers and regions
include: AT&T, Sprint and Verizon (BlackBerry only) in the U.S.; AirTel in
India; and O2 and Vodafone in the UK. VIP Access for Mobile adds
two-factor authentication capabilities to various BlackBerry models and
popular J2ME enabled phones from Nokia, Motorola and Sony Ericsson (in
addition to the previously-announced Apple iPhone). Once installed, the
application gives mobile users anytime, anywhere access to OTPs for
strong authentication generated by a device they already carry.

    By implementing two-factor authentication through VeriSign's
Security-as-a-Service model, enterprises virtually eliminate the costly IT
infrastructure investments once required to deploy proprietary
authentication systems. VeriSign's open standards-based
Security-as-a-Service solution also speeds time to market and drives down
per user costs. And with mobile phones serving as free VIP credentials,
enterprises can scale their potential user base at negligible per-user
costs.

    Deploying VIP protection enables enterprises to directly address
consumers' concerns about online security. A recent survey found that 86
percent of consumers prefer sites that enable proactive security measures
such as two-factor authentication. Meanwhile, 68 percent said they would
like better systems in place to protect their identities, and 41 percent
said they would consider new applications offering identity protection,
even if that meant extra steps on their part. (Source: VeriSign/Synovate
research)

    About VeriSign

    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 VeriSign Identity Protection
services; 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, 2008 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.

    Copyright2009 VeriSign, Inc. All rights reserved. VeriSign, the VeriSign
logo, the Checkmark Circle, and other trademarks, service marks, and
designs are registered or unregistered trademarks of VeriSign, Inc., and
its subsidiaries in the United States and in foreign countries. All other
trademarks are property of their respective owners.

    

Contacts
Christina Rohall
crohall@verisign.com
650-336-4663

Investor Relations:
Nancy Fazioli
ir@verisign.com
650-426-5146

Copyright 2009, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.