TriCipher Press Releases

IdenTrust, Inc. and TriCipher, Inc. Expand Partnership to Enhance Customers’ E-Commerce Security

 IdenTrust Certifies TriCipher Armored Credential System™; Expands Hosting of TriCipher’s Authentication Ladder

July 18, 2006 – San Mateo, CA – TriCipher, Inc., a leading provider of risk-based authentication systems, today announced that its flagship product, the TriCipher Armored Credential System (TACS), has renewed its certification as IdenTrust Compliant, ensuring it provides the high standard of security and trust assurance required to be awarded IdenTrust certification.

IdenTrust, Inc., the global leader in trusted identity solutions, will also expand the range of TACS capabilities and credentials it hosts on the IdenTrust platform, an infrastructure that enables financial institutions, governments, and commercial entities to effectively manage the risks associated with identity authentication. The platform also helps organizations minimize investment in creating their own authentication frameworks and more rapidly deploy a trusted identity infrastructure. IdenTrust will work closely with its customers to determine which TACS credential type is appropriate for which risk level.

TACS is the industry’s only future-proof risk-based authentication system, providing financial institutions with the ability to deploy and manage multiple types of credentials from a single infrastructure. Through its flexible “authentication ladder,” TriCipher delivers future-proof security – protecting its customers’ investments by enabling them to adjust authentication strength in response to new threats and regulatory changes without the need to implement a new infrastructure. The solution’s unique technology provides strength with expanded usability, offering the ability to balance customer convenience, confidence, total cost of ownership, and regulatory compliance across a variety of risk profiles.

“We have hosted various TACS components over the past five years and have IdenTrust certified various credential types for the system over the last three years,” said Andrea Klein, Chief Marketing Officer, IdenTrust.  “By certifying and hosting the entire TACS authentication ladder, we further enhance the breadth of solutions our customers can leverage to ensure secure e-commerce initiatives.”

“The IdenTrust platform is growing rapidly and satisfying the needs of a wide variety of enterprises, and we are proud to have forged this deep partnership with the global leader in identity recognition solutions,” said John De Santis, Chairman and CEO of TriCipher.  “Our longstanding relationship has evolved into a powerful solution worldwide, facilitating FFIEC compliance in the United States, and providing protection against the growing threat of Man-in- the-Middle phishing attacks in the European and Asia-Pacific markets.”

“Strong momentum shows this powerful combination is destined to be a market leader,” said Doyle Arnold, Vice Chairman and Chief Financial Officer of Zions Bank, which is an investor in both IdenTrust and TriCipher. 

About TriCipher

TriCipher, Inc. provides Future Proof Risk Based Authentication. The TriCipher Armored Credential System™ (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible "Authentication Ladder," TriCipher delivers future proof security – protecting your investment by enabling authentication strength to adjust in response to new threats and regulatory changes without the need to implement a new infrastructure. In addition, TriCipher delivers risk based authentication - preventing online fraud through seamless integration with fraud detection systems, secondary authentication systems and the ability to enforce security software presence checks for malware protection. Founded in 2000, TriCipher is headquartered in San Mateo, California. The company was incubated as NSD Security before launching as a separate entity in 2005 with backing from ArrowPath Venture Capital, Intel Capital, Trident Capital, and Wasatch Venture Partners.

About IdenTrust, Inc.

IdenTrust is the global leader in trusted identity solutions recognized by global financial institutions, government agencies and departments, and commercial organizations spanning five continents. It is the only bank-developed identity company providing a worldwide network of trusted credentials based on global standards. IdenTrust provides a legally and technologically interoperable environment for authenticating and using identities worldwide. The IdenTrust platform includes a Trust™ Blueprint and Trust™ Infrastructure, comprised of proven network, delivery and execution capabilities, and both based on a unique understanding of the best combination of technology and expertise in establishing and managing a Trust infrastructure. The IdenTrust platform enables financial institutions, government agencies, and commercial organizations to effectively manage the risks associated with identity authentication; to minimize investment in creating their own legal frameworks; and to deploy a Trust infrastructure smarter, faster and more cost effectively. Additional information about the company can be found at www.IdenTrust.com.

# # #

For more information contact:
Elizabeth Safran
Trainer Communications
tc@trainercomm.com
(408) 920-0585

Sally Sheward
TriCipher, Inc.
sally@tricipher.com
(650) 372-1312