Entrust reports ICICI Bank deal
19 December 2007 | 2701 views | 0
ICICI Bank, one of India's largest private sector banks with assets of more than $92 billion, has selected Entrust, Inc. [Nasdaq: ENTU] to provide standard SSL certificates - a key component of a layered security approach - to protect their valuable customer data when conducting transactions on the institution's Web site.
As part of the agreement, ICICI Bank standardized on Entrust SSL certificates for a five-year contract period. In addition, IndusFace Consulting - a local registration authority (LRA) of Entrust in India - will provide the verification services for issuing the certificates, as well as provide local support to meet the needs of ICICI Bank. ICICI Bank cited Entrust SSL certificates as being more cost-effective and included the ability to easily manage certificate lifecycles through the Entrust Certificate Management Service.
"ICICI Bank understands the value of providing a trusted environment that helps protect against online fraud schemes," said Entrust Chairman, President and Chief Executive Officer Bill Conner. "We applaud ICICI Bank for taking a proactive step to help address fraud by implementing cost-effective SSL certificates that better serve the needs of their overall security approach. Based on their current purchase they have the ability to upgrade to extended validation SSL certificates when the time is right."
The Entrust Certificate Management Service features a self-service tool that helps streamline the procurement and administration of SSL certificates. Acting as a centrally managed, self-service system, the Certificate Management Service reduces administrative hassles and lessens the risk of inadvertent certificate expiration by allowing customers to synchronize and control the timing of SSL certificate expiration. The Certificate Management Service also enables administrators to "re-use" or "recycle" their SSL certificates to maximize usage and minimize costs.