- More than 20 financial institutions signed up for RSA Go IDSM Authentication Service
- Over 7 billion online financial transactions processed to date by RSA's risk engine
- RSA Anti Fraud Command Center celebrates three years of operations – with more than 55,000 online attacks identified so far
Bedford, Ma.— RSA, The Security Division of EMC (NYSE: EMC), today highlighted several major accomplishments in consumer protection over the first three quarters of 2007. These successes include reaching impressive milestones in the number of online financial transactions processed by RSA’s systems; in customer adoption of the RSA Go IDSM Authentication Service; and in anti-fraud protection.
"RSA is proud to have built one of the most comprehensive suites of solutions in the industry, both for the protection of customers' information and identities and for the mitigation of online fraud," stated Art Coviello, Executive Vice President of EMC and President at RSA. "Organizations are increasingly looking to RSA to help them realize the full value of their information assets, and to enable the acceleration of their business through customer confidence and robust threat management."
Momentum for the RSA Go ID Authentication Service
As of September 30, 2007, RSA has signed deals to implement the RSA Go ID Authentication Service – or begun implementation – with more than 20 financial institutions, and tens of thousands of users have received RSA Go ID credentials for everyday use. The RSA Go ID Authentication Service is designed to allow users to access multiple online accounts with a single authenticator, without requiring trust relationships between account providers. The service is engineered to manage the entire authentication lifecycle including fulfillment, activation and authentication. Multiple authenticators and multiple types of authenticators can also be used to access one account.
The RSA Go ID Authentication Service is engineered to enable account providers to offer their customers both hardware tokens and the RSA Go ID Toolbar based on customer behavior, lifestyle and needs. Indeed, six of the institutions using the RSA Go ID service have deployed it in its toolbar format. The toolbar is designed to eliminate any hardware and token fulfillment costs as well as inventory management and lead times. In addition, the RSA Go ID Toolbar is engineered to provide an extra layer of defense against phishing, pharming and man-in-the-middle attacks due to its list of trusted sites.
The RSA Go ID Authentication Service is designed to either act as the primary authentication service or to work in conjunction with other products such as RSA® Adaptive Authentication.
Christopher Young, Vice President and General Manager of the Identity and Access Assurance Group at RSA, commented: "Following a year of racing against the clock for US financial institutions to comply with the FFIEC guidance, organizations in the sector remain impressively alert to an ever-shifting fraud landscape and to the need to maintain customer confidence in the viability of the Internet as a channel for business."
Billions of Online Financial Transactions Processed
As of September 30, 2007, RSA’s risk engine – used within the RSA Adaptive Authentication and RSA® Transaction Monitoring solutions – has processed more than seven billion online transactions. Over recent months the rate of processed transactions has accelerated sharply, through the addition of new customers and end-users, and with financial institutions logging more activities as they seek to offer greater protection. RSA expects that it will shortly be handling more than one billion transactions every month.
As the core of the RSA® Adaptive Authentication and RSA® Transaction Monitoring solutions for remote channel fraud, the sophisticated risk engine is designed to analyze each transaction based on a multitude of parameters and sources, such as IP geo-location, device ID, ANI transaction amount and data from the RSA eFraudNetwork™ community. Once a risk score has been generated, each transaction is either allowed to continue without challenge, or appropriate action - such as logging, or additional authentication if necessary - is invoked according to the specific system configuration. As measured by major clients who share full fraud data with RSA, RSA's risk engine has consistently detected 75%-95% of fraud in its various deployments over the past three years.
RSA® Anti-Fraud Command Center Anniversary
The 24x7x365 RSA® Anti Fraud Command Center (AFCC) celebrated its third anniversary this year. The AFCC has become one of the industry's most effective and experienced resources for dealing with phishing, pharming, Trojans and additional types of online fraud attacks. Since its inception in 2004, the AFCC's fraud analysts have worked with more than 5,300 ISPs, registrars and other hosting entities to help shut down more than 55,000 attacks - including more than 29,000 in the first three quarters of 2007.
About RSA
RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle - no matter where it moves, who accesses it or how it is used.RSA offers industry-leading solutions in identity assurance & access control, encryption & key management, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit www.RSA.com and www.EMC.com.
