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Technology Stocks : VeriSign (VRSN) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (786)	11/16/1999 4:42:00 PM
From: AugustWest	Read Replies (1) \| Respond to of 1285

(COMTEX) B: CANADIAN IMPERIAL BANK OF COMMERCE - Launches First VeriS B: CANADIAN IMPERIAL BANK OF COMMERCE - Launches First VeriSign Trust Product Toronto, Ontario, Nov. 16, 1999 (Market News Publishing via COMTEX) -- CIBC announced that its first VeriSign digital certificates are now available to help businesses address key consumer online fears including theft of credit card numbers and personal information. While statistics confirm that the long awaited business to consumer e-commerce surge is underway, research continues to show that security remains one of the key impediments to doing business on the Web. A June 1999 national Angus Reid survey found that one-half of Canadians with access to the Internet said the primary barrier to their shopping online is concern over providing credit card information to online retailers. Digital certificates are fast becoming the standard authentication and security product for doing businesses with customers, employees and suppliers. CIBC has teamed up with VeriSign Inc. to provide Canadian-based companies and individuals with server digital certificates, or secure server IDs. Ninety-five per cent of websites worldwide use VeriSign server digital certificates to assure customers that their website is authentic and that customer communications cannot be tampered with. At the same time, server digital certificates address the needs of businesses to protect themselves from disputed sales, as well as to protect themselves from attempts to counterfeit their online presence. "While companies are recognizing the tremendous potential for business to consumer and business to business opportunities on the Web, the future of e-commerce will ultimately be based on consumer confidence and trust," said Peter Ricciardi, general manager of Internet services for CIBC. "When your competitor is only a mouse click away, the company that can provide a recognized seal of security will enjoy a definite competitive advantage. As more consumers become sophisticated on-line shoppers, they will know to check a website's digital certificate, which attests that the merchant's trustworthiness has been confirmed by independent authorities." As VeriSign's preferred financial services affiliate in Canada, CIBC will operate a highly secure Internet trust services processing and service centre providing comprehensive customer support. Companies can obtain their secure server ID online by following the simple enrollment and purchase process at www.cibc.com/verisign. CIBC is a leader in providing a choice of convenient electronic banking channels, including telephone banking (1-800-465-CIBC), 4,300 banking machines, and PC and Internet Banking (www.cibc.com). CIBC is one of North America's leading financial institutions with almost 7 million personal banking and business customers. CIBC became a VeriSign Inc. certificate authority in August 1999 to provide the full spectrum of digital certificate trust services to Canadian companies, websites and individuals. BACKGROUNDER Server Digital Certificates put online security at consumers' fingertips Companies intent on taking advantage of the growing appeal of online shopping to expand their businesses are installing server digital certificates to reassure consumers that their websites are authentic and offer a secure transaction environment. How to know you're accessing a secure website Server digital certificates, installed on a merchant's website server, automatically activate secure communications between your browser and the website. Here's what to look for and how it works: 1. When you contact a merchant's site make sure the URL or address begins with "https:" instead of just "http:" -- which confirms you are communicating with a secure site. 2. The merchant's web server responds, automatically sending you the site's digital certificate, which authenticates the site. You can view the certificate by clicking on the closed padlock icon or unbroken key icon found on the bottom left of your browser window. The digital certificate displayed confirms the merchant's name and place of business, as well as identifying the Certificate Authority that issued the certificate and that provides independent verification of the merchant's identity. 3. To keep all communications between your browser and the site safe from interception and tampering, it is encrypted using the industry standard SSL (Secure Socket Layer) security technology supported by virtually all web servers and the leading browsers. A secure session is established when your web browser generates a unique "session key" to encrypt your data. Your browser then encrypts the session key itself with the website's "public key" so only the site can read the session key. The encryption process takes only seconds and requires no action by the user. But remember if the URL does not display "https" or the browser icon is not a closed padlock or an unbroken key, the transaction won't be encrypted and transmitted securely across the Internet. -0- TEL: (416) 861-7094 Joe Heim, CIBC Electronic Banking ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. * end of story *