Spokane Teachers CU Deploys Comodo Two Factor Authentication Solution To Meet FFIEC Guidelines

Released on = February 15, 2007, 10:07 am

Press Release Author = Comodo Group

Industry = Internet & Online

Press Release Summary = PKI based client certificates deliver strong identity
assurance protection that is highly configurable at lowest cost solution on the
market today

Press Release Body = Jersey City, NJ (February 15, 2007) - Comodo, a global
Certification Authority and leading provider of Identity and Trust Assurance
Management solutions, announced today that Spokane Teachers Credit Union has
deployed Comodo\'s S.A.F.E. solution (Secure and Authenticated Financial Engagements)
for credit unions. First stage was the successful deployment of Comodo\'s PKI-based
Two Factor (TF) authentication solution that complies with FFIEC guidelines.

Based on strong Public Key Infrastructure (PKI), the Comodo S.A.F.E solution
includes Two Factor (TF) client certificates, Content Verification Certificates
(CVC\'s), email certificates, EV high assurance SSL certificates, HackerGuardian
vulnerability scanning and certification solution, and SiteMon website continuity
service. Together, this leading edge solution provides ease of deployment, cost
effectiveness and a highly secure PKI platform for mutual authentication processes.
COMODO S.A.F.E. SOLUTION SUMMARY
1) Two Factor (TF) Client Certificates for a High-Performance, Low Cost Solution
with No Integration

Financial institutions are under pressure to comply with Federal Financial
Institutions Examination Council (FFIEC) guidelines to strengthen their mutual
authentication processes for online banking transactions.

The implementation of a multifactor solution requires ease of integration, ease of
adoption by credit union members and ease of configurability. With Comodo TF,
Spokane can support a high-performance two- factor solution while reducing operating
costs. This two-factor solution offers significant advantages over other two factor
solutions:

* The only PKI based two factor solution - PKI is considered by analysts as one
of the strongest forms of authentication available for online security
* Lowest cost solution due to an established PKI infrastructure and digital
certificate lifecycle management processes
* Virtually the easiest multi-layer solution for members to adopt because there
is no change in members\' online banking behavior once a DigitalID has been
created. Members conveniently continue to use their existing usernames and
passwords.
* High level of flexibility and configurability for the credit union
* Solution can be deployed in days
* Ease of customer support

\"We\'ve chosen to implement an approach that leverages the best-in-breed security
while maintaining the convenience and ease-of-use of our online banking system,\"
said Danny Jones, Web Solutions Manager of Spokane Teachers Credit Union. \"From a
deployment perspective, Comodo\'s authentication system provided rapid integration
with minimal rollout dependencies, which is a major advantage over any other
two-factor solution we evaluated.\"

Other key elements in Comodo\'s S.A.F.E. Solution that Spokane Teachers Credit Union
may be deploying include:
2) Content Verification Certificates (CVC) that protect members from phishing,
pharming, and man-in-the-middle attacks

The second part of the mutual authentication model includes Comodo\'s unique Content
Verification Certificates that authenticate web content (such as a log-in box or
graphics) to authenticate site identity. This is the only digital certificate on the
market today that protects against man-in-the middle attacks as this solution alone
delivers non-browser \"green good to go\" indicator confirming site identity.

With this technology, Spokane\'s members can verify the credit union\'s identity using
a reader (VerificationEngine) which they download as easily as Adobe ReaderT.
Moreover, since VE now authenticates the identity of over 200,000 home page logos
content, this solution delivers added-value to Spokane\'s members.
3) EV SSL Certificates - High Assurance SSL Certificates

These high assurance certificates provide encryption and authentication of business
identity with a new confirming green indicator in the address bar delivered through
the browser interface. This new class of SSL Certificates provides a new level of
identity assurance for online banking customers and is a critical component of a
fully integrated identity and trust assurance best practices approach to a trusted
online banking experience.
4) Email certificates for Secure Email Communications

Email certificates will be used to digitally sign and encrypt sensitive
communications, providing additional layers of security so that members\' personal
information remains protected.
5) HackerGuardianT - Daily Vulnerability Scanning and Certification Solution

Hacker Guardian, a PCI approved scanning service will scan Spokane\'s web servers to
ensure they are free of known security vulnerabilities that hackers exploit. After
the daily scan confirms site safety, Spokane\'s site will display the certification
seal, called HackerShield TrustLogo, confirming the site\'s safety from hackers.
Members using VerificationEngine can verify this highly visible TrustLogo as
authentic.
6) SiteMon - Website Continuity Monitoring Service

SiteMon is a website continuity monitoring service that automatically checks
websites every 10 minutes to ensure they are up, running, and viewable to the
public.

Comodo\'s S.A.F.E. Solution was developed specifically to address diverse, complex
and urgent needs of financial institutions for a solution that is configurable and
practical. \"The FFIEC guidelines are meant to address the changing nature of online
identity and trust assurance threats, said Andrew Pynes, Executive Vice President of
Comodo. \"These guidelines for financial institutions to do something this year
require solutions that are highly secure yet non- intrusive to the online banking
experience. Comodo can help thousands of financial institutions protect their
customers and achieve compliance with the guidelines.\"
About Spokane Teacher Credit Union

Founded by educators in 1934, Spokane Teachers Credit Union is a member-owned,
not-for-profit cooperative that delivers financial products and services, such as
shared branching, online banking, and ATMs worldwide. Through innovation, attractive
rates, and personalized service, STCU is committed to maximize members\' financial
health and security.

The largest credit union in the Inland Northwest, STCU reaches out to 70,000 members
at ten locations throughout Eastern Washington and North Idaho. It is the third
largest credit union in Washington, and one of the top 175 (out of over 9,400)
credit unions in the United States.
About Comodo

Comodo is a leading global provider of Identity and Trust Assurance services on the
Internet, with over 200,000 customers worldwide. With global offices in the US, UK,
Ukraine and India, the company offers businesses and consumers the intelligent
security, authentication and assurance services necessary to ensure trust in online
transactions.

Comodo helps enterprises address digital ecommerce and infrastructure needs with
reliable, third generation solutions that improve customer relationships, enhance
customer trust and create efficiencies across digital ecommerce operations. Comodo\'s
solutions include integrated Web hosting management solutions, infrastructure
services, digital e-commerce services, digital certification, identity assurance,
customer privacy and vulnerability management solutions. For additional information
on Comodo - Creating Trust OnlineT - please visit: www.comodo.com.

Web Site = http://www.comodo.com

Contact Details = Yuvaraj
Comodo Group
525 Washington Blvd. Jersey City NJ 07310
+1 888 266 6361
media-relations@comodo.com
www.comodo.com

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