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


To: Patriarch who wrote (399)3/8/1999 7:12:00 PM
From: Patriarch  Respond to of 1285
 
VeriSign Adds 128-Bit Server Certificates to OnSite(SM) Digital Certificate Solution

Enterprise Customers Now Able to Issue and Manage Large Number of Global Server IDs for Higher Strength Encryption Worldwide


March 8, 1999 07:55 AM
MOUNTAIN VIEW, Calif., March 8 /PRNewswire/ -- VeriSign Inc. VRSN , the world's leading provider of Internet trust services, today announced that enterprises using the VeriSign OnSite(SM) digital certificate service will be able to issue and manage 128-bit server digital certificates to enable higher-strength security for their intranet, extranet and e-commerce applications. This enhanced functionality comes as a result of the company's expanded license to issue 128-bit Global Server IDs to a broader range of customers including online merchants, healthcare and insurance organizations, and overseas subsidiaries of US corporations (see related release, "VeriSign Granted Federal Approval to Significantly Expand Issuance of 128-bit Website Digital Certificates," 3/8/99).
VeriSign Global Server IDs enable a server to establish 128-bit Secure Sockets Layer (SSL) sessions with both domestic and export versions of Web browsers from Netscape and Microsoft and financial applications such as Microsoft Money, all of which contain VeriSign-specific technology for 128-bit enablement. Normally, export versions of browsers are only capable of establishing 40-bit SSL sessions when communicating with a Web server in the US or abroad. A server using a VeriSign Global Server ID enables these browsers to establish 128-bit encrypted SSL sessions, which are more than 300 septillion times harder to crack than 40-bit sessions. A 128-bit key would take a trillion years to break using today's most sophisticated hacking techniques.

"For the first time, enterprises and their customers will benefit from a faster and more convenient method for issuing and managing 128-bit Server IDs on a global basis," said Richard Yanowitch, VeriSign's vice president of marketing. "Enterprises can now utilize the same administrative interface to issue and manage end-user certificates for secure email and access control, 40-bit and 128-bit server digital certificates, and IPSec certificates for virtual private networking."

VeriSign OnSite's simple one-time enrollment enables an organization to purchase multiple Global Server IDs -- 10, 25, 50, 100, or more -- avoiding multiple purchase orders and expiration dates, and gaining centralized functionality for digital certificate revocation, renewal and replacement. OnSite also facilitates the implementation of enterprise security policies while allowing distributed server managers to enroll for digital certificates through a common interface.

VeriSign OnSite immediately establishes an enterprise as a Certificate Authority (CA) by combining front-end administrative public key infrastructure (PKI) software with mission-critical, highly scalable processing services. OnSite is a flexible solution that can serve the needs of small, medium or large businesses wishing to issue and manage a range of certificates for secure commerce and communications. OnSite provides customers with the robust, scalable certificate processing services of VeriSign -- including complete certificate lifecycle management, high-speed servers, redundant telecommunications lines, data storage, daily back-up, full disaster recovery and 24 x 7 customer service -- to relieve enterprises from the complex technical and daily administrative aspects of managing such a solution.

Pricing and Availability

VeriSign OnSite for Global Server IDs will be available in mid-April 1999 from VeriSign's Web site at www.verisign.com/onsite/server or directly from VeriSign sales representatives. Suggested retail price begins at $6,950 for a package of 10 certificates, with packages also available in 25, 50 and 100 certificate bundles (see the company's Web site for more pricing details).

To offer further information, VeriSign will be conducting a Global Site Services Telebriefing entitled, "The Most Powerful Encryption for Worldwide Communications" on Wednesday, March 24, 1999, noon - 1 p.m. EST, 9 a.m. - 10 a.m. PST. To register for this free telebriefing please go to verisign.com.

VeriSign, Inc.

VeriSign, Inc. is the leading provider of Internet trust services and digital certificate solutions needed by Web sites, enterprises, electronic commerce service providers and individuals to conduct trusted and secure electronic commerce and communications over IP networks. VeriSign's digital certificate services for Web sites and consumers are available through the company's Web site at www.verisign.com. The company's digital certificate services for enterprises and electronic commerce service providers are available through regional account representatives, resellers and VeriSign Affiliates worldwide.

NOTE: 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.





To: Patriarch who wrote (399)3/8/1999 7:20:00 PM
From: Patriarch  Read Replies (1) | Respond to of 1285
 
VeriSign wins expanded U.S. export for digital IDs

March 8, 1999 08:00 AM
MOUNTAIN VIEW, Calif., March 8 (Reuters) - Internet security software maker VeriSign Inc. VRSN said the U.S. agency that controls software exports will allow it to ship its high-security products to a broader set of overseas customers.

VeriSign stock surged following news of the expanded U.S. export approval, rising $12.25, or nearly 12 percent, to $116.50 per share.

The company said it had won approval from the U.S. Department of Commerce's Bureau of Export Administration to expand the sale of its 128-bit Global Server identification digital certificates.

The software, which is used to authenticate the identity of individual computer users and thus pave the way for commercial transactions, uses powerful 128-bit encryption, considered a virtually unbreakable code against possible hacker attacks.

VeriSign said expanded sales authorization now includes online merchants, healthcare and insurance organizations, and overseas subsidiaries of U.S. corporations.

Previously such customers had to make do with weaker 40-bit encryption due to U.S. government export limitations on more powerful encryption technology, which the government regulates under laws designed to keep advanced munitions from slipping into enemy hands.

Encryption software has been at the center of a debate pitting its supporters -- who see the sale of such software overseas as crucial to the U.S. computer industry's global competitiveness -- versus critics, who see the software as a potential threat to national security. Global Server IDs are available from VeriSign starting at $895 per year.

((-- Eric Auchard, New York newsdesk, 212-859-1840)) REUTERS