US Bancorp teams up with VeriSign on banking security

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Date: Wed, 27 Oct 2004 09:56:44 -0400
Subject: US Bancorp teams up with VeriSign on banking security
<http://www.computerweekly.com/print/ArticlePrinterPage.asp?liArtID=134593&liFlavourID=1>


Technology: Security Products
Wednesday 27 October 2004
US Bancorp teams up with VeriSign on banking security
US Bancorp will use a hardware-token based authentication service from
VeriSign to secure access to commercial banking services for its customers.

The bank will use VeriSign's Unified Authentication service to validate and
secure interactions with commercial banking customers, providing them with
a secure USB token that they must use when accessing services online.

The deal is just the latest evidence of renewed interest in so-called
"multifactor" authentication within the banking industry, which is
struggling with an epidemic of sophisticated online identity theft scams,
according to Judy Lin, executive vice-president for VeriSign's security
services.

As part of the programme, US Bancorp will make VeriSign security tokens
available to more than 10,000 commercial banking customers. Those tokens
will hold a digital certificate that identifies the bearer and will need to
be inserted into machines before accessing web-based commercial banking
applications, Lin said.

snip


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