Morgan Stanley Dean Witter & Co. (MSDW) to Take Advantage of Digital Certificates to Secure Online Transactions and Communications Using VeriSign Onsite 4.0
October 12, 1998 10:01 AM
MOUNTAIN VIEW, Calif., Oct. 12 /PRNewswire/ -- VeriSign, Inc., VRSN the leading provider of enterprise digital certificate solutions, today announced that Morgan Stanley Dean Witter & Co. MWD has selected VeriSign OnSite(SM) 4.0 to secure its online communications and transactions with its institutional business employees and customers worldwide. Using VeriSign OnSite 4.0 and taking advantage of the S/MIME protocol for secure email, MSDW will issue digital certificates to its employees to communicate online while ensuring that corporate information is kept safe and private. MSDW will also offer its institutional customers the ability to conduct high-value Internet transactions in real-time using digital certificates as a key competitive advantage for the company.
"We are committed to providing our employees and our customers with the greatest degree of convenience and the highest level of privacy and security when engaging in internal communications or business transactions," said Steven A. Ruegnitz, principal at MSDW.
Leveraging VeriSign's existing public key infrastructure (PKI), MSDW will begin issuing digital certificates to approximately 15,000 employees for secure email communications. This initial deployment, to be completed by the end of Q1, 1999, will be used primarily for secure email using the S/MIME protocol. This will permit end users to digitally sign and encrypt electronic mail and attachments, allowing for enhanced security through authentication of the sender and recipient as well as the privacy and integrity of the message content. These certificates will enable secure electronic communications via the Internet and will ensure secure worldwide business-to-business communications.
Following the issuance of digital certificates to its employees, MSDW will begin deploying digital certificates to its multi-national customer base. Through the use of digital certificates, MSDW will enable its institutional customers to manage online investments, stock trading, and contract communications with the confidence that their transactions are private and have not been tampered with in any way, a critical security component when sending financial information or an authorization for a transaction.
"Morgan Stanley Dean Witter & Co. is the clear leader in offering superior, high-value financial services, and its decision to secure its business with VeriSign OnSite 4.0 is a testament to the value it places in secure, private online financial transactions and communications," said Richard Yanowitch, vice president of marketing at VeriSign. "By leveraging the security of digital certificates, Morgan Stanley Dean Witter & Co. is able to offer its institutional customers and employees the confidence that business and transactions conducted over the Internet will be private and secure."
VeriSign's suite of enterprise certificate authority (CA) software, combined with their mission-critical back-end processing services, provides the solution that MSDW needed for a streamlined implementation of robust and scalable CA technology. Using digital certificates, MSDW can authenticate the identities of its institutional customers and employees for online interactions. With VeriSign OnSite 4.0, MSDW is now better positioned to offer its employees and its customers the value of secure, private communications and transactions using the Internet.
VeriSign OnSite 4.0
VeriSign OnSite 4.0 is the world's first integrated PKI platform, combining advanced PKI technology with a global PKI backbone, guaranteeing high-availability enterprise PKI to secure a wide range of intranet, extranet, virtual private networking, and e-commerce applications. OnSite 4.0 includes new features including the industry's most secure key management/key recovery solution, enterprise integration tools, enhanced PKI administration, and broad application support -- all backed by carrier-class provisioning delivered by VeriSign and its network of global affiliates in the U.S., UK, France, Taiwan, Japan, and South Africa. OnSite 4.0 includes best-of-breed PKI software and VeriSign's 24 x 7 PKI processing, maintaining a high level of PKI security at the customer site regardless of customer crises, security emergencies, hacker attacks, and technology changes. Over 120 major enterprises including Morgan Stanley Dean Witter & Co., First Union Bank, NationsBank, and Texas Instruments have chosen VeriSign OnSite 4.0 to secure a broad range of network applications using digital certificate technology.
Morgan Stanley Dean Witter & Co.
Morgan Stanley Dean Witter & Co. is a global financial services firm and a market leader in securities, asset management, and credit and transaction services. The Company has offices in New York, London, Tokyo, Hong Kong, and other principal financial centers around the world and has 411 securities branch offices throughout the United States.
VeriSign, Inc.
VeriSign, Inc. VRSN is the leading provider of Public Key Infrastructure (PKI) and digital certificate solutions used by enterprises, Web sites, and consumers to conduct secure communications and transactions over the Internet and private networks. VeriSign's enterprise PKI solutions are available through VeriSign regional account representatives, resellers, and global affiliates. The company's Digital IDs and Secure Server IDs are available through the company's Web site at www.verisign.com. For more information visit VeriSign's Web site at verisign.com.
All rights reserved. VeriSign is a registered trademark exclusively licensed to VeriSign, Inc. OnSite is a service mark of VeriSign, Inc. All other trademarks are properties of their respective owners.
SOURCE VeriSign, Inc.
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