Visa and Zone Labs Form Strategic Alliance; Companies Aim to Leverage Expertise to Make E-Commerce and E-Business Safer for Businesses and Consumers.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Aug. 14, 2001 Zone Labs, a leading creator of Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. solutions, announced today that it has formed a three year global strategic alliance with Visa International, the world's leading consumer payments brand. The alliance will explore options for using Zone Labs' patented products and technology to result in safer and more secure e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. and e-business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web. initiatives for Visa member banks, merchants and consumers worldwide. Zone Labs' award-winning product line is based upon the company's patented TrueVector(TM) technology. TrueVector may be used to deliver a range of innovative security solutions that make it possible to secure Internet access See how to access the Internet. for a multitude of users, whether they are accessing the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the within a global enterprise, in a retail environment or at home. "At Visa International we believe sending, receiving, validating val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. and using information should be secure, simple and seamless," said Sarah Perry, senior vice president of Strategic Investments and Business Development for Visa International. "As the world's largest commercial processor of financial transactions, we are acutely aware of the need for security at all levels of the transaction process, and are excited by the possibilities that Zone Labs' technology and solutions offer to all participants in that process -- Visa member banks, merchants and cardholders." Zone Labs' flagship Internet security products, ZoneAlarm(TM) and ZoneAlarm Pro, have been downloaded more than 14 million times and have been recognized with multiple industry honors, including a Best Security Software award from PC World and Editors Choice designations from PC Magazine in both 2000 and 2001. Zone Labs Integrity(TM), also based on TrueVector technology, was introduced at the prestigious Demo 2001 event. Integrity allows enterprises to manage and enforce endpoint security and security policy centrally, eliminating the security risks associated with an extended corporate workforce. "Zone Labs and Visa share a vision of safe and secure Internet access, including the ability to conduct business safely within an enterprise, at home or at the point of purchase," said Gregor Freund, chief executive officer and co-founder, Zone Labs. "By working closely together to leverage each company's expertise, the substantial benefits of e-commerce and e-business may be maximized as the risks of fraud and theft are minimized. We look forward to the opportunity to work with Visa to protect all levels of critical data." The Web continues to grow in popularity as a medium for conducting business and consumer transactions. Results of the latest Forrester Online Retail Index found that total spending on online sales in June, 2001 totaled $3.2 billion. Additionally, the number of households shopping online in June was 13.1 million. Keeping pace with the growing number of dollars spent online, there has been a rapid rise in cases of online fraud, too. In 1997, the U.S. Federal Trade Commission received fewer than 1,000 Internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of complaints; last year, it received more than 25,000. A powerful security solution is the enabling technology for successful e-commerce, for both consumer- and business-oriented transactions. Zone Labs Inc. Zone Labs Inc. is a leading creator of Internet security solutions. Founded in 1997, Zone Labs is a private company headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Strategic investors in Zone Labs include noted security luminary John McAfee John McAfee (born September 1945) is a computer programmer and founder of McAfee. He was one the first people to design anti-virus software and the first to develop a virus scanner. He was born in England and raised in Salem, Virginia. , founder of McAfee Software, EastWest VentureGroup, Intel Capital, Oxford Bioscience bioscience /bio·sci·ence/ (-si´ens) the study of biology wherein all the applicable sciences (physics, chemistry, etc.) are applied. bi·o·sci·ence n. See life science. Partners, Pacific Venture Group and Visa International. For more information, please contact Zone Labs at 415/341-8200 or visit www.zonelabs.com. Note to Editors: TrueVector, ZoneAlarm, the Zone Labs logo and Zone Labs Integrity are trademarks of Zone Labs Inc. All other trademarks are the property of their respective owners. ZoneAlarm Pro has received a WinList Award from the editors of WinMag.com, a "Best Security Product" award from the editors of PC World as well as an Editors Choice from PC Magazine in both 2000 and 2001. ZoneAlarm was awarded a CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Editors Choice Award in both 2000 and 2001, a Home Office Computing computing - computer Gold award, as well as a Best Buy Award and World Class Award from the editors of PC World in both 2000 and 2001. |
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