Comodo Inc., a global leader in Identity and Trust Assurance Management solutions, announced today that Boiling Springs Savings Bank, a New Jersey chartered financial institution, will employ Comodo's innovative "See, Verify, Trust" (SVT) technology to help customers validate the authenticity of its Web site, ensuring it is safe to make banking transactions online.
Online banking is one of today's greatest conveniences, but threats of identity theft that stem from phishing emails and hacked as well as phony Web sites have hindered consumers' trust in banking over the Internet. As cyber criminals become more sophisticated in their attack methods, passwords alone are not effective enough to safeguard sensitive information. Utilizing Comodo's SVT technology, Boiling Springs Savings Bank's Web content can now easily be authenticated as the real thing. Additionally, SVT takes a proactive rather than reactive approach to phishing that enables the bank to better protect critical customer information in online banking transactions.
"Protecting our customer's identity is always a top priority for Boiling Springs Savings Bank. We want our customers to know they can trust us to provide a secure environment in both the real and virtual worlds for their financial transactions," said Ken Emerson, Boiling Springs Savings Bank's Chief Information and Technology Officer. "Comodo's "Secure, Trust, Verify" technology validates our commitment and provides a solution in which we have every confidence it will ensure a secure online banking experience for our customers."
Similar to Secure Sockets Layer (SSL) certificates, SVT technology is delivered through Content Verification Certificates (CVC), which are created, distributed, and revoked using proven Public Key Infrastructure methods to provide the highest level of security for Web page content. Yet, CVCs also enhance the security levels provided by SSLs by adding a pertinent component to the online experience – trust. By applying CVCs to specified content, such as the Boiling Springs Savings Bank logo, log-in boxes and rate pages, consumers can verify if the content is genuine by dragging their mouse cursor over these items. If the site is authentic, a bright green border will outline the Internet interface window.
"We are pleased to be able to provide Boiling Springs Savings Bank with a first-class Identity and Trust Assurance solution for its online customer base," said Melih Abdulhayoglu, President and CEO of Comodo. "Our Content Verification Certificate solution will allow Boiling Springs to maintain confidence and trust among its consumers thus increasing online transactional volume as well as build awareness that it is truly a leader in customer-care and security."