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VeriSign Introduces Security Risk Profiling Service To Help Enterprises Identify, Visualise and Quantify Security Risks

  • 22 March, 2006 09:25

<p>VeriSign, Inc., (NASDAQ: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced VeriSign® Security Risk Profiling Service, the industry’s first comprehensive solution to help enterprises identify, visualise and quantify information security risks.</p>
<p>VeriSign Security Risk Profiling Service enables enterprises to make better operational and financial decisions by providing a holistic view of threats, vulnerabilities, network access policies and business impacts. It then generates a dynamic risk score based on those factors at a device, business unit and enterprise level.</p>
<p>The service includes sophisticated simulation and modeling technology to help customers understand the impact of emerging threats and potential network security policy changes, and to measure compliance with both internal and external policies and regulations.</p>
<p>Malicious attacks are increasing in both sophistication and frequency, forcing enterprises to perform numerous steps to ensure a strong network security posture. VeriSign Security Risk Profiling Service enables a comprehensive risk management approach that evaluates business assets, identifies likely attack sources and paths, and provides a business view of threats and vulnerabilities, all while addressing compliance requirements affecting the industry today.</p>
<p>"The discussion of enterprise security has matured from the technology speeds and feeds to a business-level dialogue around risk mitigation and management strategies. In order to make prudent business decisions, all the required information must be synthesised in a manner which is understandable and actionable," said Allan Carey, program manager of Security Services at IDC. "Organisations currently pull available information manually from disparate systems. A service such as VeriSign's can assist in automating the collection and presentation of vital intelligence, validate IT assets and resources, and support proactive risk and compliance decisions with a grounded methodology."</p>
<p>VeriSign Security Risk Profiling Service leverages industry-leading technology from Skybox® Security to take data from a broad range of firewalls, routers and vulnerability management systems and combine that information with the unique intelligence gathered by the VeriSign iDefense Security Intelligence Services team and the VeriSign Global Security Consulting team to deliver a service that includes:</p>
<p>• Automated IT Security Modeling: Provides a complete network map that includes location of assets and all associated access paths</p>
<p>• Simulation and Visualisation Models: Enables understanding of IT change impacts and better preparation for potential threats.</p>
<p>• Business Impact Analysis and Risk Metrics: Provides enterprises with a better understanding of the financial and operational risks of security threats.</p>
<p>• Early Warning Analysis: Immediate identification and understanding of risks, as they emerge.</p>
<p>• Regulatory Compliance Risk Management: Detailed analysis that shows whether an enterprise is in compliance with internal and external regulations and guidance.</p>
<p>“To keep pace with security threats and increasingly complex compliance requirements, enterprises require solutions that help them more effectively manage risk,” said Chris Babel, vice president, Managed Security Services, VeriSign. “The VeriSign Security Risk Profiling Service is the industry’s first truly comprehensive service-based solution that provides enterprises with a real-time assessment of their business risks.”</p>
<p>“As an existing MSS customer, we rely on VeriSign to provide consistent and reliable management of our network security devices,” said Mark Van Holsbeck, director, Enterprise Security and Planning, Avery Dennison. “We have chosen to augment our services with the VeriSign Security Risk Profiling Service because it allows us to make better business decisions through understanding the impact of evolving threats and the changes required to protect against them.”</p>
<p>The service extends VeriSign’s portfolio of enterprise risk management solutions which include VeriSign® Managed Security Services, VeriSign® Global Security Consulting and VeriSign® iDefense Security Intelligence Services.</p>
<p>More information on the VeriSign Security Risk Profiling Service is available at: www.verisign.com.au/mss/risk-profiling/</p>
<p>About VeriSign</p>
<p>VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services that enable and protect billions of interactions every day across the world’s voice and data networks. Additional news and information about the company is available at www.verisign.com.au</p>
<p>For more information, contact:
VeriSign Media Relations: Emma Keen, ekeen@verisign.com.au; +61 2 9236 0572</p>
<p>Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including the VeriSign Security Risk Profiling Service; the possibility that VeriSign’s announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2005 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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