* 20 million live online banking users now protected; record system
deployment time of less than 10 business days is achieved
* Recognition for Best Authentication & Fraud Detection Suite and Best
Anti-Fraud Network in vendor comparison report by Aite Group
* New, fully-integrated version of RSA(R) Adaptive Authentication is
released
BEDFORD, Mass., Aug. 3 /PRNewswire-FirstCall/ -- RSA Security (Nasdaq:
RSAS) today announced several major accomplishments attained by its
consumer solutions division in the first half of 2006. Among its successes,
the Company was recently recognized by the Aite Group as having the
industry's "Best Authentication and Fraud Detection Suite" and "Best Fraud
Network." In addition, RSA Security has reached impressive milestones in
the number of online banking users protected by its systems; deployment
times; and fraud detection rates.
The Company is also proud to announce the launch of the RSA(R) Adaptive
Authentication 5.8 solution, which integrates the RSA Security and legacy
Cyota and PassMark technologies. The new version also comprises a wide
range of deployment plans, including a rapid deployment option that is
designed to enable the implementation of a fully-operational account
protection system in less than 30 days -- with no integration work or code
changes required.
"Within six months of our dual-acquisitions in the market, RSA Security
has affirmed its position as a strong leader in online consumer
protection," stated Art Coviello, RSA Security's president and chief
executive officer. "Our outstanding achievements and industry recognition
in this space, attained through strong management, strategic acquisitions
and sustained hard work, are a key driver in the overall company strategy
today."
Best Authentication and Fraud Detection Suite
The Aite Group, a leading independent research and advisory firm
focused on the financial services industry, released its "Online Banking
Authentication and Fraud Detection: A Vendor Comparison" report in June
2006. The report includes a detailed comparison of 13 vendors in the
consumer protection space, identifying 12 areas of excellence and the
corresponding companies that have distinguished themselves.(1)
RSA Security is recognized in the category of Best Authentication and
Fraud Detection Suite "because of their comprehensive suite of software and
hardware authentication solutions as well as fraud prevention and detection
solutions." In addition, the company is recognized in the Best Fraud
Network class for the RSA(R) eFraudNetwork(TM) community -- the largest
cross-institution collaborative online fraud network in which fraud data is
shared across financial institutions in real-time. The company received
honorable mentions in the Best In-Session Fraud Detection and Best
Multi-channel Solution groups.
"External, neutral recognition really is the ultimate endorsement,"
stated Chris Young, senior vice president and general manager, Consumer
Solutions Division, RSA Security. "With the Aite Group report, and feedback
from the analyst and customer community at large -- plus the growing demand
we're seeing from the market -- it's reassuring to know that we have the
right suite of solutions at the right time. We are determined to keep up
the great momentum and look forward to more exciting achievements to come."
Major Achievements in Consumer Protection
RSA Security accomplished several major achievements in consumer
authentication and fraud detection during the first two quarters of 2006:
* RSA Security currently protects more than 20 million registered users
with its live online banking authentication technology. The company has
also signed agreements with -- and begun implementations at -- major
financial institutions representing approximately an additional 40
million online bankers.
* More than 1,200 financial institutions have selected RSA Adaptive
Authentication via RSA Security's online banking provider partners.
* RSA Security recently deployed a full online banking protection system
for one of the world's 10 largest financial institutions in less than 10
business days.
* RSA Security's fraud detection technology has continued to show
extremely strong results during the first half of 2006:
-- The system has consistently produced a fraud detection rate of
approximately 80% for the last 24 months, with an industry-low
1:1 fraud-to-genuine ratio (i.e. for every fraudulent transaction
that is blocked, only one genuine transaction is affected. A
typical industry ratio is 20:1 - 20 genuine transactions are
affected for every fraudulent transaction that is blocked. The
higher the ratio, the more genuine customers are negatively
affected -- resulting in frustrated users and increased customer
service calls.)
* The RSA Anti-Fraud Command Center has worked to shut down more than
18,000 phishing attacks in total since its operations began (unique
fraudulent URLs), approximately 10,000 of which were shut down between
January and June this year.
Fully-Integrated Comprehensive Solution -- RSA(R) Adaptive
Authentication 5.8
RSA Adaptive Authentication 5.8 is now available and has been deployed
by a leading US financial institution. The fully-assimilated system is the
result of a concerted technical integration program undertaken since the
start of the year, incorporating RSA Security's existing authentication
solutions with those gained through its acquisitions of Cyota, Inc.
(December 2005) and PassMark Security Inc. (April 2006).
Version 5.8 integrates one-time password-based authentication with
risk- based and site-to-user authentication technologies. It also features
a wide range of deployment options designed to meet the specific and
varying time, resource and budgetary needs of financial institutions across
the world. This includes a rapid deployment option that enables the
implementation of a fully-operational account protection system in less
than 30 days with minimal resources and no integration work required.
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, encryption
and anti-fraud protection, 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 more than 21,000 customers --
including financial institutions representing hundreds of millions of
consumers around the globe -- and interoperate with over 1,000 technology
and integration partners. For more information, please visit
http://www.rsasecurity.com
RSA, the RSA logo, RSA Security and RSA Adaptive Authentication are
either registered trademarks or trademarks of RSA Security Inc. in the
United States and/or other countries. Cyota and eFraudNetwork are either
registered trademarks or trademarks of Cyota, Inc., a wholly owned
subsidiary of RSA Security Inc., in the United States and/or other
countries. All other products or services mentioned are trademarks of their
respective countries.
(1) The comparative report is based on qualitative interviews conducted in
Q1 and Q2 2006 with 26 financial institutions and resellers (e.g.,
core processors, online banking vendors), and 17 authentication and
fraud detection vendors including interviews with a total of 65
individuals, comprising of 28 product managers, business development
and marketing managers and senior executives at vendors and 37
decision makers at U.S. banks and resellers.
For more information:
Sandra Heikkinen Matt Buckley
OutCast Communications RSA Security Inc.
(415) 345-4703 (781) 515-6212
sandra@outcastpr.com mbuckley@rsasecurity.com
SOURCE RSA Security Inc.
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Related links:
http://www.rsasecurity.com
CONTACT:
Sandra Heikkinen of OutCast Communications
for RSA Security Inc., +1-415-345-4703, sandra@outcastpr.com; or
Matt Buckley of RSA Security Inc., +1-781-515-6212,
mbuckley@rsasecurity.com
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