Leading Investment Management Firm Chooses RSA(R) Adaptive Authentication
July 27 2006 - 8:30AM
PR Newswire (US)
BEDFORD, Mass., July 27 /PRNewswire-FirstCall/ -- RSA Security
(NASDAQ:RSAS) announced today that Vanguard will employ two
elements of the RSA(R) Adaptive Authentication solution to protect
its clients against online fraud and identity theft. Vanguard, one
of the world's largest investment management firms, manages more
than $980 billion in U.S. mutual fund assets in 20 million
shareholder accounts. "Maintaining a secure online experience for
our clients is critical to us," said Tim Thornton, Vanguard's head
of web services. "RSA Security has a well-earned reputation for its
online account authentication system and we're pleased to
incorporate its additional layers of account security to further
protect our growing number of Vanguard.com users."
Behind-the-scenes Risk-Based Authentication Using the clients'
computers as a second factor of authentication, the system is
engineered to provide a positive identification based on device and
network forensics, behavioral analysis and other parameters. The
solution then quickly -- and silently -- classifies login attempts
according to the perceived level of risk in real-time and
automatically invokes additional security measures if needed, all
with minimal impact to the online investor. Visible Authentication
of the Website to the Customer The solution also includes
site-to-user authentication. Registered users of Vanguard.com will
be provided with a confidential, personal image and a phrase known
only to the customer and to Vanguard itself. This image is
displayed after the client enters the username during the log on
process, thereby authenticating the Vanguard.com site to the
customer and confirming that it is safe to proceed with the rest of
the account-access process (entering a password, etc.). With the
deployment of RSA Adaptive Authentication, Vanguard will join and
leverage the RSA eFraudNetwork(TM) community, the world's leading
and most effective network of institutions fighting online
financial fraud. With membership comprising thousands of financial
organizations worldwide, the eFraudNetwork community collates some
of the best, most up-to-date intelligence from across the globe in
real-time, giving financial institutions instantaneous information
and immediate protection. When an attack is detected against one
member firm, the fraudster profile is entered into the
eFraudNetwork system and all other members are protected
instantaneously. "Security is a key consideration for organizations
conducting business online today, with particular urgency in the
financial services arena. Therefore top financial institutions like
Vanguard are taking multiple steps to boost their customers'
confidence in the online channel -- and to ensure the security of
their transaction network and the assets they manage," said Chris
Young, Senior Vice President and General Manager, Consumer
Solutions Division, RSA Security. "RSA Adaptive Authentication
works behind-the-scenes to help protect end-users, while
simultaneously providing customers with peace of mind by
authenticating the investment firm's web site to the user via a
shared secret." About Vanguard The Vanguard Group, headquartered in
Valley Forge, Pennsylvania, is the nation's second-largest mutual
fund firm and a leading provider of company- sponsored retirement
plan services. Vanguard manages more than $980 billion in U.S.
mutual fund assets, including more than $270 billion in employer-
sponsored retirement plans. Vanguard offers more than 130 funds to
U.S. investors and more than 40 additional funds in foreign
markets. About RSA Security Inc. RSA Security Inc. is the expert in
protecting online identities and digital assets. The inventor of
core security technologies for the Internet, the Company leads the
way in strong authentication, encryption and anti-fraud protection,
bringing trust to millions of user identities and the transactions
that they perform. RSA Security's portfolio of award-winning
identity & access management solutions helps businesses to
establish who's who online -- and what they can do. With a strong
reputation built on a 20-year history of ingenuity, leadership and
proven technologies, we serve more than 20,000 customers --
including financial institutions representing hundreds of millions
of consumers around the globe -- and interoperate with over 1,000
technology and integration partners. For more information, please
visit htpp://www.rsasecurity.com. RSA is either a registered
trademark or trademark of RSA Security Inc. in the United States
and/or other countries. eFraudAction is either a registered
trademark or trademark of Cyota, Inc. in the United States and/or
other countries For more information: Erica Pereira Matt Buckley
OutCast Communications RSA Security Inc. (415) 345-4728 (781)
515-6212 DATASOURCE: RSA Security Inc. CONTACT: Erica Pereira of
OutCast Communications, +1-415-345-4728, ; or Matt Buckley of RSA
Security Inc., +1-781-515-6212, Web site:
http://www.rsasecurity.com/ http://www.vanguard.com/
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