The bank's new Security Plus(SM) suite of services includes RSA(R) Adaptive
Authentication for Web; Wachovia joins the RSA eFraudNetwork(SM) anti-fraud
community
SAN FRANCISCO, Feb. 5 /PRNewswire/ -- RSA CONFERENCE 2007 -- RSA, The
Security Division of EMC (NYSE: EMC), announced today that Wachovia
Corporation (NYSE: WB) has deployed the RSA(R) Adaptive Authentication
solution and joined the RSA eFraudNetwork(SM) community to protect its
customers, their funds and personal information further when banking
online, while incurring minimal impact to the online user-experience.
As part of its comprehensive Security Plus suite of services, Wachovia
has deployed behind-the-scenes protection for its online banking
application, both at the front door and within the application, using RSA
Adaptive Authentication for Web. Wachovia Security Plus supplements other
security programs already in place today.
"It was important for us to find solutions that would not be perceived
as a burden by our customers while, at the same time, ensuring that they
are in fact secure," said Michael Toth, Online Business Product Manager at
Wachovia.
"RSA's multi-layered approach for protecting our customers' personal
and financial information is the right fit for our needs. These new
services are based on proven technologies, designed with customer usability
in mind, and include the flexibility for us to incorporate additional
layers of consumer protection solutions across self-service channels as we
see fit," said Ilieva Ageenko, Director of Emerging Applications at
Wachovia.
"We are thrilled to have an organization like Wachovia deploy our
solutions and affirm our strategy of layered consumer protection," says
Christopher Young, vice president and general manager, Consumer Solutions
at RSA. "Our goal is to help Wachovia accelerate its business online, all
with the end-users' security and convenience in mind."
Financial institutions also can deploy the RSA Adaptive Authentication
sophisticated risk engine that is engineered to analyze all online banking
transactions in real-time and calculate a risk-score for each. Using the
risk score, the solution is designed to automatically implement strong
authentication methods, such as secret questions or an automated
'out-of-band' phone call, for high-risk transactions while low-risk
transactions are seamlessly approved and securely processed with no
hindrance to the customer.
Wachovia has also become a member of the RSA eFraudNetwork community,
the world's most effective collaborative online anti-fraud network. With
more than 50 large financial institutions and a multitude of smaller ones
on the network, Wachovia can benefit from immediate protection based on
real-time online fraud data from financial institutions around the world.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, providing a broad range of retail
banking and brokerage, asset and wealth management, and corporate and
investment banking products and services. Including the Golden West merger,
which closed on Oct. 1, 2006, Wachovia has retail and commercial banking
operations in 21 states with 3,400 retail banking offices from Connecticut
to Florida and west to Texas and California. In addition, two core
businesses operate under the Wachovia Securities brand name: retail
brokerage with 737 offices in 49 states and service affiliate offices in
Latin America, and corporate and investment banking in selected industries
nationwide. Other nationwide businesses include mortgage lending in 39
states and auto finance covering 46 states. Globally, Wachovia serves
clients through more than 40 international offices. Online banking is
available at wachovia.com; online brokerage products and services at
wachoviasec.com, and investment products and services at
evergreeninvestments.com. At September 30, 2006, Wachovia had assets of
$559.9 billion and market capitalization of $88.2 billion. On the same
date, based on pro forma data, Wachovia's combined assets were $706 billion
and combined market capitalization was $107 billion.
About RSA
RSA, The Security Division of EMC, is the premier provider of security
solutions for business acceleration, helping the world's leading
organizations succeed by solving their most complex and sensitive security
challenges. RSA's information-centric approach to security guards the
integrity and confidentiality of information throughout its lifecycle -- no
matter where it moves, who accesses it or how it is used.
RSA offers industry-leading solutions in identity assurance & access
control, encryption & key management, compliance & security information
management and fraud protection. These solutions bring trust to millions of
user identities, the transactions that they perform, and the data that is
generated. For more information, please visit http://www.RSA.com and http://www.EMC.com
RSA and eFraudNetwork are either registered trademarks or trademarks of
RSA Security Inc. in the United States and/or other countries. EMC is a
registered trademark of EMC Corporation. All other products or services
mentioned are trademarks of their respective companies.
CONTACT: Matt Buckley
RSA, The Security Division of EMC
(781) 515-6212
mbuckley@rsa.com
Matthew Wadley
Wachovia
(704) 374-6126
matthew.wadley@wachovia.com
SOURCE EMC Corporation
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Related links:
http://wachovia.com
http://www.emc.com
CONTACT:
Matt Buckley, RSA, The Security Division of
EMC, +1-781-515-6212, mbuckley@rsa.com; or Matthew Wadley,
Wachovia, +1-704-374-6126, matthew.wadley@wachovia.com
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