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FORUM Credit Union takes steps to protect members by introducing Comodo S.A.F.E solution to secure financial transactions and communications
Advanced Comodo S.A.F.E. Solution Helps FORUM Align To Regulatory Requirements for Mutual Authentication
Jersey City, NJ (August 24, 2006) - Comodo, a global Certification Authority and leading provider of Identity and Trust Assurance Management solutions, announced today that Indiana based FORUM Credit Union is deploying Comodo's S.A.F.E. solution (Safe and Authenticated Financial Engagements) to protect members from phishing and pharming attacks. FORUM will utilize key elements in Comodo's S.A.F.E. Solution including VerificationEngine, High Assurance SSL certificates, email certificates and HackerGuardian. Together, this suite provides FORUM members with increased verification of site identity and security in online banking. Comodo was chosen by FORUM because Comodo's credentials and expertise as a Certification Authority can deliver to FORUM members new technology to ensure safe banking within a platform that is one of the easiest to deploy and proven to be very user friendly.
"Comodo's highly secure solution reflects our goal to create a high level of trust with our members in their online transactions with FORUM" said Cameron Piercefield, Assistant Vice President, Technology of FORUM Credit Union. "The integrated solution that Comodo has introduced provides FORUM with a state-of-the-art security and communications infrastructure that is mission-critical, robust, extraordinarily cost effective, highly secure and flexible enough to accommodate future requirements."
FORUM Credit Union is deploying:
* VerificationEngine - an anti-phishing tool that lets users verify site identity through validated web content before they submit any sensitive information into a log in box. Simply rolling the mouse over the log in box will display a bright green "good to go" border outside the browser environment making this trust indicator impervious to fraudsters and site imposters. Today, VerificationEngine (VE) can be used to verify the site identity of more than 200,000 organizations including financial institutions, government agencies and public companies.
* InstantSSL� Certificates - a High Assurance SSL that provides encryption and authentication of business identity - a key weapon in defending against online fraud.
* Email certificates - email certificates will be used to digitally sign and encrypt sensitive communications, providing additional layers of security so that members' personal information remains protected.
* HackerGuardian� - a daily vulnerability scanning and certification solution that will scan FORUM's web servers to ensure they are free of known security vulnerabilities that hackers exploit. After the daily scan confirms site safety, FORUM's site will display the certification seal, called HackerShield TrustLogo, confirming the site's safety from hackers. This highly visible TrustLogo can be verified as authentic by members using VerificationEngine - making it the only "unspoofable" TrustLogo on the market today.
"FORUM Credit Union represents a progressive financial institution that recognizes the value of creating a trusted online experience for their members." said Andrew Pynes, Executive VP of Comodo. "As Comodo has set the standard for technology and service excellence in authentication and online security, we look forward to working closely with FORUM to help members conduct online transactions securely and confidentially."
About FORUM Credit Union
FORUM Credit Union (formerly Indiana Telco Credit Union) was organized by the employees of Indiana Bell Telephone Company in 1941. Since then, FORUM has seen tremendous growth and expansion of services, from a small office in the Bell building to 11 proprietary branches and over 1,000 shared branch outlets nationwide.
FORUM is a leader in providing products and services for its members, being one of the first credit unions to offer share drafts, utilize ATM's and introduce a windows home banking product. FORUM offers a wide range of products to our members through wholly owned subsidiaries or through contract partnerships such as insurance, financial management and brokerage services, auto loans, mortgage lending, and tax preparation services.
FORUM also offers leading edge lending solutions thru it's wholly owned subsidiary, FORUM Solutions, whose leading product TAPS Enterprise Lending is currently being used by Credit Unions across the country.
About Comodo
Comodo is a leading global provider of Identity and Trust Assurance services on the Internet, with over 200,000 customers worldwide. Headquartered in Jersey City, NJ with global offices in the UK, Ukraine and India, the company offers businesses and consumers the intelligent security, authentication and assurance services necessary to ensure trust in online transactions.
As a leading Certification Authority, and in combination with the Digital Trust Lab (DTL), Comodo helps enterprises address digital ecommerce and infrastructure needs with reliable, third generation solutions that improve customer relationships, enhance customer trust and create efficiencies across digital ecommerce operations. Comodo's solutions include integrated Web hosting management solutions, infrastructure services, digital e-commerce services, digital certification, identity assurance, customer privacy and vulnerability management solutions. For additional information on Comodo - Creating Trust Online� - please visit: www.comodo.com.
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