02-14-2006, 10:58 AM
Quote:VeriSign on Monday unveiled a new security system to protect online buyers from identity theft, and said it had signed up PayPal, eBay, and Yahoo as the first sites to support the authentication service.
Called VeriSign Identity Protection (VIP), the system will let consumers use a single security device to authenticate themselves to any VIP-enabled Web site. Using a shared authentication network operated by VeriSign, VIP allows e-tailing sites and enterprises to provide customers or users with one authentication credential -- perhaps a USB-based token that plugs into the computer -- for verifying identity.
VeriSign said it hoped to attract financial organizations such as banks and brokerage houses, Internet providers, and e-commerce sites to the network, where costs would be shared and the cost of stronger authentication brought down to a reasonable price.
full article: http://www.techweb.com/wire/security/180200653
