BIDV Selects VeriSign EV SSL for Safe Online Banking
BIDV to Implement VeriSign® Extended Validation SSL Certificates to Protect Customers' High Value Banking Transactions From Online Security Threats
Hanoi, Vietnam, 23rd September, 2009 - VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced its continued success within the Vietnamese banking sector following the signing of the Bank for Investment and Development of Vietnam (BIDV). BIDV has selected VeriSign Extended Validation (EV) SSL Certificates to protect its customers’ high value banking transactions from online security threats. The deal was facilitated by VeriSign’s Gold reseller partner Blitz IT Consultants Pte Ltd.
BIDV is one of the largest state-owned commercial banks in Vietnam, providing a full range of currency, credit, banking and non-banking services. It also acts as an authorised agency funding projects with sources from domestic and international financial institutions, leading the way in development investment and project financing in Vietnam. It is the nation's number one bank in net income (US$70 million) and the second biggest bank in assets (US$10.48 billion).
“Our position and reputation in Vietnam is the driving force behind our Internet banking strategy, with security as a critical component to help maintain reliability for our online customers,” said Bui Thanh Hoai, Information Security Department, BIDV. “VeriSign is a highly reputable security brand, and we are confident its EV SSL Certificates are the right solution to ensure our customers feel safe using our online services.”
When Internet users equipped with current versions of Internet Explorer, Firefox, Safari, Google Chrome, Opera and other browsers visit a site protected by EV SSL Certificates, the top of the browser lights up in green and displays the name of the company operating the Web site. This green glow offers immediate reassurance that they’ve reached a site whose authenticity has been verified by a certificate authority such as VeriSign, the world’s leading SSL certificate authority. “We are increasingly seeing more Vietnamese banks offering better online services to customers, with security top of mind as they recognise its importance in helping to encourage customers to use this relatively new channel,” said Armando Dacal, director of Authentication, VeriSign Asia Pacific. “EV SSL offers banks a visual tool that helps educate customers and takes the guess work out of figuring out a Web site’s authenticity, helping to build confidence immediately.”
As the most respected and trusted SSL authority on the Web, VeriSign is the EV SSL Certificate provider of choice for more than 12,000 Internet domain names, representing 74 percent of the entire EV SSL Certificate market worldwide1. In fact, more than 95 percent of the Fortune 500 and 96 of the world's 100 largest SSL-using banks secure their sites with SSL Certificates sold by VeriSign. To learn more about VeriSign EV SSL, visit http://www.verisign.com.sg/EV-SSL.
1 Includes EV SSL issued by VeriSign and its subsidiaries.
About Bank for Investment and Development of Vietnam
BIDV is the first to be established among four of the largest state-owned commercial banks in Vietnam. The organisational structure has
been transformed toward the model of a modern, international financial group. At present, BIDV comprises of five business units with over
10,000 employees in total. More information is available at http://www.bidv.com.vn
About VeriSign
VeriSign operates digital infrastructure services that enable and protect billions of interactions
every day across the world's voice, video and data networks. Additional news and information about
the company is available at www.verisign.com.sg
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 EV SSL solutions; 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, 2008 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.
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