VeriSign Identity Protection

VeriSign Inc. (verisign.com/dm/vip), a provider of intelligent infrastructure services for Internet and telecommunications networks, today announced the launch of VeriSign Identity Protection (VIP), a solution that will help provide identity protection for consumers who conduct business online.

VIP is supported by online companies such as PayPal, eBay and Yahoo!. Additionally, technology partner SanDisk has announced plans to support VIP by manufacturing and distributing OATH compliant USB mass-storage and trusted flash devices, while Motorola plans to lend its support in enabling this technology on consumer mobile devices.

VIP is a modern approach to combating digital identity theft targeted for both consumers and online services that demand identity protection. The solution will allow consumers to use a single security device to authenticate themselves across any future VIP-enabled Web site of network members, such as PayPal, eBay or Yahoo!, claims the company. It includes shared authentication network, multi-factor authentication, fraud detection and fraud intelligence network.