MOUNTAIN VIEW, CA--(Marketwire - January 28, 2009) - In the wake of some recent high-profile hacker attempts to steal the passwords of millions of customers, businesses, including domain name service providers, are exploring options for added protection to ensure that Web site administrators and domain name registrants can manage their Web-based property with confidence.
Name.com LLC, is leading the way by offering its clients the chance to use strong, two-factor authentication from VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure for the networked world.
By joining the VeriSign® Identity Protection (VIP) Network, Name.com can provide its clients with safeguards that go beyond the standard log-in methods.
Two-factor authentication works by combining something users know -- their username and password -- with something they have -- a VIP security credential that generates a one-time password (OTP) for every sign-on. During an online session, this OTP is entered into the Name.com account log-in page, along with the user's account name and password. Name.com then verifies the OTP and matches it to the account holder, thus enabling its clients to achieve strong -- or two-factor -- authentication.
"Domain names are digital brands, and we bear huge responsibility to ensure that their clients have access to the most advanced security safeguards available," said Bill Mushkin, CEO and founder at Name.com. "Offering VIP credentials is an important part of meeting that obligation, and it's one that VeriSign has helped us meet quickly and easily. The globally trusted VeriSign brand will reassure our customers, while membership in the VIP Network offers them convenient access to strong authentication on many Web sites the world over."
The unique VIP Network allows consumers to use a single security device to authenticate themselves across any VIP-enabled Web site. As a result, Name.com-issued credentials can be used not only on the Name.com login portal but also on any site that is part of the VIP Network. For domain name service providers and other businesses, joining the VIP Network helps distribute the costs of stronger authentication.
"Name.com has clearly taken the initiative to protect its clients against security breaches that have come from using simple user names and passwords," said Kerry Loftus, vice president of Consumer Authentication Solutions at VeriSign. "By joining the VIP Network, Name.com is taking a strategic step to ensure its clients have a safe, secure and convenient environment in which to do business online."
About Name.com LLC
Name.com is a unique, independent, and fully ICANN-accredited domain registrar. Its goal is to fully meet every customer's needs and wants for domain name registration and renewal by offering retail, aftermarket and expiring names services. For more information, visitwww.name.com.
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, 2007 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.
©2009 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.
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