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TheStreet Open House

Verizon Teams With Criterion Systems To Develop Secure Online Identity Solutions To Help Enhance Internet Safety

Stocks in this article: VZ

"It is clear that the traditional method of using non-validated usernames and passwords for secure online access is no match for determined cybercriminals," said Peter Tippett, vice president of Verizon Enterprise Solutions' innovation incubator.

"Through close collaboration with Criterion Systems, our objective is to transform how usernames and passwords are used and online identities are validated to provide a safer, more trustworthy Internet. Providing one set of credentials to log on to any website and conduct any type of online transaction will be a game-changer for Internet users," Tippett said.

The Criterion Systems-led team will work with leading enterprises in the retail, financial services and health care sectors, as well with as government agencies, to test the program.  Technical preparations for a total of eight pilot projects are currently under way, with the initial ones expected to launch in the first quarter of 2013.  The projects will last for two years.

"The objective of the Criterion Systems pilot is to prove that trust elevation of lower-level assurance credentials is not only possible but achievable on a large scale," said David Coxe, co-founder of Criterion Systems and chief executive officer of ID Dataweb.  "With Verizon and our other team members, we have assembled a group of leading companies that have the technology and experience to tackle this critical issue."

Delivered via the cloud, Verizon Universal Identity Services help control the costs and reduce the complexity associated with traditional identity authentication.  The multifactored credentials are designed to meet Level 3 authentication requirements created by the National Institute of Standards and Technology, the federal agency that works with industry to develop and apply technology, measurements and standards.  Verizon has also earned the Identity, Credential and Access Management certification. 

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with nearly 96 million retail customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of 184,500.  For more information, visit www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news .  To receive news releases by email, visit the News Center and register for customized automatic delivery of Verizon news releases.

SOURCE Verizon

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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