In a 2004 report issued by the FDIC entitled "Putting an End to Account-Hijacking Identity Theft," the FDIC stated that, "Fraudsters are taking advantage of the reliance on single-factor authentication for remote access to online banking, and the lack of E-mail and Web site authentication, to perpetrate account hijacking. Financial institutions and government should consider a number of steps to reduce online fraud, including upgrading existing password-based single-factor customer authentication systems to two-factor authentication."

"We are very pleased that the FDIC is using Secure Computing as one of its authentication solutions," said Vince Schiavo, senior vice president, worldwide sales and marketing at Secure Computing. "SafeWord could also be a particularly attractive two-factor authentication solution for banks because SafeWord products are smoothly interoperable with many of third-party applications, offer low total cost of ownership and are easy to manage for an unlimited number of users."

For this transaction with the FDIC, Secure Computing was in partnership with Emergent OnLine, one of the most trusted IT integrators for the US Government. "This is another significant win for both Emergent OnLine and Secure Computing," said Paul Ghostine, co-founder and CEO of Emergent OnLine. "Secure Computing's world-class products and outstanding sales support make them a great partner to work with, and we look forward to closing more deals with them."