Jersey City, NJ (June 05, 2007) - Comodo, a global Certification Authority and leading provider of Identity and Trust Assurance Management solutions, today announced that it is committed to protecting online merchants from a new wave of fraudsters who are better funded and are using newer technology and techniques. These emerging classes of fraudsters are especially targeting the smaller or newer merchants because these enterprises seldom have the financial or IT resources to protect themselves against the increasing levels of scammer sophistication. Some recently publicized frauds include the use of Google AdWords where they drive traffic to mimicked sites, thus potentially damaging the reputation of legitimate eMerchants (msnbc.msn.com/id/18348120/). In another new scam variation, fraudsters are threatening smaller eMerchants with a denial-of-service (DOS) attack if these merchants do not pay heavy "fees". Recently, such a gang was sentenced to 8 years in prison by Russian authorities for this type of activity, (newbusiness.co.uk/article/17/05/2007/virus_vulnerability.html. Both are examples of a step change in the level of confidence fraudsters have and the resources available to them.
Comodo has responded with its cutting-edge suite of Identity and Trust Assurance (ITA) products and solutions to mitigate online threats. Comodo's ITA for small and medium-sized businesses (SMBs) is a suite designed to address diverse trust threats. The suite includes:
"Internet scammers are increasingly well-funded and well-organized to launch sophisticated social engineering attacks, abusing the trust that consumers have in businesses of any size. These risks threaten to strain the Internet's growth as consumers cut back their online transactions and move toward more conservative online behavior," said Melih Abdulhayoglu, President and CEO of Comodo. "Comodo developed its ITA solutions to keep small and medium-sized businesses one step ahead of the criminals."
Comodo offers the ITA suite at retail prices starting from $79 so that businesses of all sizes can deliver a highly trusted online environment that is authenticated and secure. The ITA suite is one of part of Comodo's strategy to transform from a security-oriented model into a strategic conversion process using authentication for increased trusted transactions. For more information on the Comodo's ITA suite or other solutions, please visit Instantssl.com.
The Comodo companies provide the infrastructure that is essential in enabling e-merchants, other Internet-connected companies, software companies, and individual consumers to interact and conduct business via the Internet safely and securely. The Comodo companies offer PKI SSL, Code Signing, Content Verification and Email Certificate; award winning PC Security software; Vulnerability Scanning services for PCI Compliance; secure e-mail and fax services.
Continual innovation, a core competence in PKI, and a commitment to reversing the growth of Internet-crime distinguish the Comodo companies as vital players in the Internet's ongoing development. Comodo secures and authenticates online transactions and communications for over 200,000 business customers and 3,000,000 users of our desktop security products.
For additional information on Comodo - Creating Trust Online® visit Comodo.com
For more information, reporters and analysts may contact:
Office: +1 (888) 266-6361