Entrust, Inc. (Nasdaq: ENTU), a world leader in securing digital identities and information, today announced that Commercebank, one of the largest privately held banks in South Florida, will deploy Entrust IdentityGuard to over 40,000 customers across Florida.
Commercebank, recognizing user concerns around online identity theft, phishing and pharming attacks, evaluated a number of strong authentication alternatives before choosing Entrust IdentityGuard. Key criteria used in their selection process included ease of deployment and implementation, flexibility, scalability and cost.
"At Commercebank, we are committed to providing unparalleled levels of customer satisfaction and flexibility through the latest available technology," said Herbie Folgueira, Executive Vice President at Commercebank. "We are constantly enhancing our product lines and services to meet the needs of our domestic and international markets, and one of those needs has been addressing the concerns around online banking and identity theft for our customers. We needed a solution that would be easy for our customers to use, while also scalable and cost effective. Entrust IdentityGuard met all those criteria."
Entrust IdentityGuard is an easy-to-use strong authentication solution that can be integrated with Web applications for consumer online banking, or across the enterprise to secure sensitive applications and data. With a single solution, organizations are able to seamlessly deploy strong authentication for Web applications, Windows desktops, or remote VPN access. Unlike other point solutions in the market, Entrust IdentityGuard can deliver a flexible, strong, risk-based mutual authentication solution that can fit seamlessly into the user experience at a fraction of the cost of conventional time-synchronous hardware tokens.
"One of the challenges of initiating a new security measure for customers is the ease of delivery and implementation. The Entrust services team provided the necessary expertise and worked closely with our team to establish the optimum card delivery strategy, keeping our customers and their concerns in mind," said Jose Reyes, Senior Vice President of Security with Commercebank. "We are excited about this roll out and the security Entrust IdentityGuard will provide to our valued customers."
"With the dramatic increase in online identity theft and reported incidences of phishing, financial institutions must take responsibility for securing the online identities of their customers," said Bill Conner, Chairman, President and CEO of Entrust. "Entrust applauds Commercebank's efforts in offering this additional security for their customers, and we're certainly pleased to play a key role in helping to strengthen the security of their online banking. We are particularly pleased that Entrust IdentityGuard will play a key role in providing a scalable, cost effective solution to Commercebank's retail customers."