Symantec, VeriSign in Identity Theft Alliance

VeriSign's tool will be incorporated into Norton software.
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Symantec

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and

VeriSign

(VRSN) - Get Report

are pairing up to fight identity theft on the Internet, the security companies said Tuesday.

Symantec will support the VeriSign Identity Protection (VIP) authentication service, which gives online users the ability to access multiple sites using one password.

The VIP tool will be available to Symantec's Norton customers. A two-factor VIP authentication tool will be integrated into a future release of Norton security software.

The two companies will market their combined security tools to banks, online retailers and customers.

"VeriSign has a long history of protecting and securing digital identities on the Internet, and Symantec has a long history of protecting consumers and their digital information. With a layered security approach, across users, desktops and the network infrastructure, VeriSign and Symantec can enable the strongest security with the most convenience," Judy Lin, executive vice president and general manager, VeriSign security services said in a statement.

Symantec shares tacked on 35 cents to $20.75, while VeriSign dropped by 40 cents to $20.04 in recent Tuesday trading.