beTRUSTed and Equifax Form Alliance To Enhance Security Solutions for Global E-Business.Business Editors COLUMBIA, Md. & ATLANTA--(BUSINESS WIRE)--April 17, 2001 Integrated Services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. To Combat Identity Fraud and Enable Secure Commerce beTRUSTed(SM), an e-security business of PricewaterhouseCoopers, and Equifax Secure, the e-commerce enabling business of Equifax Inc. (NYSE NYSE See: New York Stock Exchange :EFX EFX Effects (as in motion picture special effects; sometimes just FX) EFX Elite Force Xtreme (gaming) EFX Elliptical Fitness Crosstrainer EFX Expeditionary Force Experiment ), today announced an alliance extending their leadership in risk management to provide solutions combating identity fraud and enhancing the safety and integrity of commercial transactions. The threat of cybercrime cybercrime also known as computer crime Any use of a computer as an instrument to further illegal ends, such as committing fraud, trafficking in child pornography and intellectual property, stealing identities, or violating privacy. - particularly identify theft - is ever-present and growing rapidly. "At least one incident of economic mass victimization victimization Social medicine The abuse of the disenfranchised–eg, those underage, elderly, ♀, mentally retarded, illegal aliens, or other, by coercing them into illegal activities–eg, drug trade, pornography, prostitution. of thousands of Internet users will occur by the end of 2002," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new Gartner Inc. study of Internet crime Internet crime is crime committed on the Internet, using the Internet and by means of the Internet. Computer crime is a general term that embraces such crimes as phishing, credit card frauds, bank robbery, illegal downloading, industrial espionage, child pornography, . The governmental 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 Complaint Center reports a steady rise in the number of consumer complaints of Internet fraud from 106 countries around the world. "We see an increasing need for businesses to implement a state-of-the-art e-security solution," said Dr. Alastair MacWillson, joint global CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for beTRUSTed. "Through this alliance with Equifax Secure, we have the opportunity to ensure that our customers have peace of mind, with e-security solutions from two of the most trusted names in the industry." "As businesses face increasing risk in the e-commerce environment, the pairing of beTRUSTed and Equifax Secure products and services allows companies to reduce the risks associated with online communications," said Ron Garmon, senior vice president and general manager of Equifax Secure. Under the alliance, Equifax Secure along with beTRUSTed will provide digital certificate registration authority services and patent-pending authentication solutions. As a result, beTRUSTed alongside Equifax will have the ability to authenticate communicating parties, validate the identity of prospective partners, issue certificates and oversee certificate renewal and revocation. Equifax and beTRUSTed will offer enhanced authentication and registration services as part of a seamless Public Key Infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) service. The alliance enables beTRUSTed to leverage Equifax's services to provide a full range of solutions to secure online business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) and business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) transactions over the Internet and Virtual Private Networks (VPNs). Authentication eIDverifier(TM), the Equifax patent-pending identity authentication solution, fights the rising incidence of online fraud and enables businesses to determine reliably if individuals are who they claim to be through a real-time, simple and Internet-accessed procedure. eIDverifier also enables the secure issuance of digital certificates to their intended recipient and provides a superior shield against tampering and identity theft. beTRUSTed will offer eIDverifier to customers and Equifax will process in real-time the authentication and verification of user identities in e-commerce transactions. Unlike basic authentication methods that rely solely on wallet information - such as name, address or driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something number - to identify users online, eIDverifier requests both financial and non-financial information that should be known only to the user and to Equifax. Online Integrated Registration Services In addition, beTRUSTed's clients will be able to subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; Equifax registration services while automating the issuance of certificates through the following offerings: - ConsumerSecure: enables a company to conduct high-value business transactions with previously unknown consumers by authenticating identities and automating the certificate registration process. - EmployeeSecure: allows a company to issue digital certificates to employees in a highly efficient and automated fashion using its own data sources, such as human resources databases. - PartnerSecure: allows a company's known vendors and/or customers to be issued digital certificates in a highly automated and efficient process, thus enabling partners to communicate in a mutually authenticated fashion for extranet B2B transactions. - TradeSecure: enables companies to establish secure communications with previously unknown buyer or seller trading partners. Equifax and beTRUSTed will oversee certificate issuance, renewal and revocation through the certificate system designed to closely match client requirements. Both companies maintain secure vaults, systems and data centers that ensure the integrity of each solution. Digital Certificates beTRUSTed and Equifax will offer PKI Web certificates that enable Web servers to establish Secure Socket Layer (SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. ) sessions with a variety of supported browsers. These Equifax signed certificates are co-branded as beTRUSTed 1024 Web Server Certificates and use the most current and secure encryption technology available. beTRUSTed 1024 Web Server Certificates lead the industry in terms of price, compatibility and warranty and are trusted by approximately 98 percent of deployed browsers. beTRUSTed object signing (1) Digitally signing a file to ensure its integrity and authenticity. See code signing. (2) (Object Signing) Netscape's object signing system. See code signing. and SMIME SMIME Secure Multipurpose Internet Mail Extension SMIME Security Multipurpose Internet Mail Extension certificates will also be offered. About beTRUSTed beTRUSTed(SM) (www.betrusted.com), is an e-commerce security integrator, delivering the most complete custom-designed infrastructure solutions to the Global 2000. beTRUSTed combines world-class Public Key Infrastructure (PKI) expertise and Certification Authority See CA. services, along with consulting and integration from PricewaterhouseCoopers. beTRUSTed rapidly advances an organisation's ability to conduct sensitive, high-value communications and transactions in a networked environment. beTRUSTed's technical facilities in the United States and Europe adhere to rigorous systems and standards, using the same protocols established for military and diplomatic operations. This results in legally verifiable digital signatures and complete assurance of each transaction's integrity - anywhere in the world. About PricewaterhouseCoopers PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organisation. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet-enabled world. PricewaterhouseCoopers refers to the member firms of the worldwide PricewaterhouseCoopers organisation. About Equifax Secure Equifax Secure (www.equifaxsecure.com), the e-commerce division of Equifax Inc, provides security, privacy and transaction management solutions that protect consumers and enterprises from the risk of identity theft and fraudulent transactions. Equifax Secure authenticates online consumer identity, secures business applications and manages digital certificates and directories for highly secure, private e-commerce over the Internet and other networks. About Equifax Equifax (www.equifax.com), a worldwide leader in enabling and securing global commerce, brings buyers and sellers together through its information management, transaction processing, direct marketing, and customer relationship management businesses. Equifax (NYSE:EFX) customers include financial services, retail, credit card, telecommunications/utilities, transportation, information technology and healthcare industries. Equifax adds knowledge, expertise, convenience and security to provide value-added solutions and processes for its customers wherever they do business, including the Internet and other networks. Equifax employs about 12,000 associates in 17 countries, with sales in almost 50, and has $2 billion in revenue. Statements in this press release that relate to Equifax's future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in worldwide and U.S. economic conditions that materially impact consumer spending and consumer debt, changes in demand for the Company's products and services, risks associated with the integration of acquisitions and other investments, and other factors discussed in the "forward-looking information" section of management's discussion and analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial included in the annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000 and 10-Q for the period ended September 30, 2000. beTRUSTed is a service mark of PricewaterhouseCoopers. Equifax (R) is a registered trademark of Equifax Inc.; eIDverifier(TM) is a trademark of Equifax Secure, Inc. All other registered trademarks and service marks belong to their respective owners. Note to Editors: The name beTRUSTed is one word, lower case be, upper case TRUST, and lower case ed. The name PricewaterhouseCoopers is one word, with upper case P, upper case C, and all other letters are in lower case. |
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