Chicago-based custodian Northern Trust is teaming with California-based digital security firm VeriSign to provide two factor authentication and fraud detection services to its online clients.
The firm will use VeriSign's Identity Protection (VIP) suite of fraud detection and authentication services to secure client login and transaction information.
VeriSign says its VIP fraud detection service uses advanced anomaly detection technology to detect fraudulent logins and transactions in real time. The service can also verify the identity of the user via an automated phone call or SMS message.
Peter Ruegsegger, senior vice president for Northern Trust, says: "VeriSign is able to provide a comprehensive and flexible set of solutions that will span our commercial, institutional and personal client segments.
"We are confident that VeriSign's innovative security products and technology will not only help us meet our regulatory requirements but will also meet the increasingly sophisticated security needs of our clients."