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Entrust, IndusFace
Secure Deal to Provide SSL Certificates to ICICI Bank
Tuesday
December 18,
2007: 9.00 am IST
India's second-largest bank leaves
previous certificate provider for Entrust offering
Vadodara — December 18,
2007 — ICICI Bank,
India’s largest private sector bank with assets of more
than $92 billion, has selected Entrust, Inc. [NASDAQ:
ENTU] to provide standard SSL certificates — a key
component of a layered security approach — to protect
their valuable customers when conducting transaction on
the institution’s Web site.
Facilitated by valued
partner IndusFace Consulting, ICICI Bank decided to
deploy Entrust SSL certificates, which were cited as
being more cost-effective and included the ability to
easily manage certificate lifecycles through the Entrust
Certificate Management Service.
“As
part of the agreement, ICICI Bank will procure 750
standard one-year SSL certificates from Entrust during a
five-year contract period. In addition, IndusFace
Consulting — a local registration authority (LRA) of
Entrust in India — will provide
the verification services for issuing the certificates,
as well as local support to meet the needs of ICICI
Bank.
“ICICI
Bank understands the value of providing a trusted
environment that helps protect against online fraud
schemes,” said Entrust Chairman, President and Chief
Executive Officer Bill Conner. “We applaud ICICI Bank
for taking a proactive step to help
address fraud by implementing cost-effective SSL
certificates that better serve the needs of their
overall security approach. The agreement will provide
them the ability to upgrade to advanced extended
validation SSL certifcates when the time is right.”
The Entrust Certificate
Management Service features a self-service tool that
helps streamline the procurement and administration of
SSL certificates. Acting as a centrally managed,
self-service system, the Certificate Management Service
reduces administrative hassles and lessens the risk of
inadvertent certificate expiration by allowing customers
to synchronize and control the timing of SSL certificate
expiration. The Certificate Management Service also
enables administrators to "re-use" or "recycle" their
SSL certificates to maximize usage and minimize costs.
ICICI Bank is India's
second-largest bank with total assets of $92billion.
ICICI Bank is the most valuable bank in India in terms
of market capitalization and is ranked third amongst all
the companies listed on the Indian stock exchanges in
terms of free-float market capitalization. The bank has
a network of about 950 branches and 3,300 ATMs in India
and presence in 17 countries. ICICI Bank offers a wide
range of banking products and financial services to
corporate and retail customers through a variety of
delivery channels, specialized subsidiaries and
affiliates in the areas of investment banking, life and
non-life insurance, venture capital and asset
management.
ICICI Bank's equity shares
are listed in India on the Bombay Stock Exchange and the
National Stock Exchange of India Limited, and its
American Depositary Receipts (ADRs) are listed on the
New York Stock Exchange (NYSE).
About Entrust
Entrust [NASDAQ: ENTU] secures digital identities and
information for consumers, enterprises and governments
in 1,650 organizations spanning 60 countries. Leveraging
a layered security approach to address growing risks,
Entrust solutions help secure the most common digital
identity and information protection pain points in an
organization. These include SSL, authentication, fraud
detection, shared data protection and e-mail security.
For information, call 888-690-2424, e-mail
entrust@entrust.com or visit
www.entrust.com.
About Indusface
Consulting
IndusFace Consulting offers an extensive range of
Information Security as well as Identity & Access
Management Services through its experienced, certified
and trained people. IndusFace Consulting boasts of a
team, which has serviced more than 200+ satisfied
customers which includes Fortune 500 organizations
belonging to various industry verticals like Telecom,
Healthcare, IT, Manufacturing, ITeS, Financial, Energy &
Power and software, spread across India, Middle East and
North America. IndusFace has also partnered with some of
the leading global security software vendors to provide
end to end security solutions. For more information
about Indusface, please visit
www.indusfaceconsulting.com.
Media
Contact
Tejas Purani
pressreleases@indusfaceconsulting.com
Phone: +91 265 6562666/6562888
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