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News < Back Sarbanes Oxley : Technology : Security Trusted Identity Solutions for Financial Services Institutions March 10, 2008 09:00 AM
ChosenSecurity Solutions Meet Global Financial Services Industry Standards for Identity Validation and Management ChosenSecurity, Inc., a leading provider of On-Demand Public Key Infrastructure (PKI) security services, has announced that it has extended its partnership with IdenTrust, a leader in trusted identity solutions, to provide ChosenSecurity’s global financial services customers with additional IdenTrust Compliant™ products and services. IdenTrust has long set the standards for the financial services industry’s authentication and validation of digital identities, and ChosenSecurity’s European service, TC TrustCenter, has been IdenTrust compliant for nearly a decade. Today’s announcement marks the expansion of the relationship to include ChosenSecurity’s On-Demand PKI security services designed for banks and other financial institutions. IdenTrust has developed standards and a community of technology and service partners to create a globally recognized identity authentication infrastructure. IdenTrust designed the network to give financial institutions and other businesses a common mechanism for authenticating individuals and businesses and to enable trusted online financial relationships. IdenTrust Compliance allows banks and other institutions to offer their customers the ability to have authenticated users digitally sign and encrypt documents, for example, and to provide secure, legally binding instructions over the Internet. Customers gain a single, interoperable way to authenticate themselves to all of their financial institutions and, thus, lower time, cost and risk with IdenTrust Compliant software and services. ChosenSecurity provides a wide range of services and software for authenticating users, computers, devices and businesses, and then securing information such as email, mobile code and documents, passing across networks. The company has more than 3,500 customers around the world, many of which are in the financial services industry, and strengthening its partnership with IdenTrust allows ChosenSecurity to service the multi-national institutions that adhere to IdenTrust standards. “Our services are designed to meet the requirements of the most demanding, security-conscious customers, and that has meant banks and other financial institutions,” said Dean Coclin, ChosenSecurity’s Vice President of Business Development. “By extending our relationship with IdenTrust, which began nearly 10 years ago with our TC TrustCenter European business, ChosenSecurity is now also able to offer customers an even higher level of assurance in the quality and security of our services.” “Compliance with standards set by the IdenTrust identity community conveys to financial institutions that ChosenSecurity’s software meets strict identity standards and is in adherence with those standards over time,” said Andrea Klein, Chief Marketing Officer, IdenTrust. “As important, IdenTrust compliance ensures a globally interoperable means of identity authentication that is essential for today’s businesses and financial institutions. We look forward to expanding our work with ChosenSecurity and welcome the company’s active participation in the IdenTrust network.” IdenTrust is a leader in trusted identity solutions recognized by financial institutions, government agencies and businesses around the world. IdenTrust enables organizations to effectively manage the risks associated with identity authentication. The only bank-developed identity authentication system, IdenTrust provides a legally and technologically interoperable environment for authenticating and using identities worldwide. The IdenTrust Trust Infrastructure is predicated on a proprietary framework that combines policies, legal framework, trusted operations and technology (P.L.O.T.) to create a comprehensive environment for issuing trusted identities. IdenTrust is the only company to provide a solution incorporating all four of these elements. Customer agreements are valid, binding and enforceable in more than 175 countries. IdenTrust identities are globally interoperable under uniform private contracts recognized in countries around the world. Additionally, the IdenTrust Trust Infrastructure maintains the privacy of each and every transaction processed by reading only digital certificate information, not the message itself. For more information, visit www.identrust.com. ChosenSecurity is the leading provider of On-Demand PKI (public key infrastructure) security services in the world, enabling a wide range of PKI-enabled security services for enterprise authentication, secure e-mail and digital signatures. The Company delivers breakthrough economics and implementation speed to the Enterprise; up to 70% less than in-house implementations, 50% less than traditional managed services, and can be implemented in just a few weeks. Unlike traditional PKI implementations, ChosenSecurity is the world’s first PKI that can be deployed across multiple clients in a web-based Security as a Service model, enabling any sized enterprise to achieve PKI security in a few weeks with no capital costs, hardware, software or network changes. Headquartered in Newton, MA, ChosenSecurity is a true leader of certification service providers at the forefront of identity management. For additional information, please visit www.chosensecurity.com. 
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