RSA CONFERENCE, SAN FRANCISCO, Feb. 7 /PRNewswire-FirstCall/ McAfee, Inc. (NYSE: MFE) and RSA, The Security Division of EMC (NYSE: EMC), today announced that they have signed a definitive agreement to work together on an enhanced security solution that is expected to boost consumer confidence in online banking. The two companies plan to leverage McAfee® consumer desktop security products and the RSA® Adaptive Authentication solution to help enable financial institutions to provide more comprehensive protection for banking and online transactions.
McAfee's real-time (always on, always updating) security-as-a-service consumer products and RSA's authentication technology will be engineered to communicate with each other securely to enhance authentication of the legitimate user to their financial institution and provide powerful protection for the identities of online banking consumers.
The RSA Adaptive Authentication solution is designed to analyze dozens of factors, including a unique device ID (provided to each computer by the RSA system), IP address, and other browser and device characteristics to provide the second factor of authentication and confirm that the person attempting online access is the actual account owner. In addition, the technology also helps prove to the consumer that the site he/she is visiting is authentic.
McAfee's products include McAfee SiteAdvisorTM, McAfee SiteAdvisor Plus, McAfee Total ProtectionTM, McAfee Internet Security Suite, McAfee PC Protection Plus, and McAfee VirusScan® Plus.
"We are very excited to work with RSA to create this offering," said Mark McArdle, SVP, McAfee Consumer Products. "We know that consumers are very concerned about identity theft and online fraud to the point that it has limited online banking activity. With this strategic partnership, McAfee and RSA will be able to provide customers with powerful protection and the confidence that will allow them to pursue their online activities with peace-of-mind."
"This strategic partnership raises the bar for online banking protection by leveraging input from desktop applications in a server-based authentication solution. We see great potential in expanding this planned joint offering in multiple ways that will benefit both of our customers -- the financial institutions -- and McAfee's users," said Christopher Young, Vice President and General Manager, Consumer Solutions, at RSA. "Many of the world's leading financial institutions and thousands of smaller institutions use RSA Adaptive Authentication to protect more than 100 million consumers. With this enhancement our customers and many of their consumers will enjoy added security with no impact on their online experience."
McAfee Inc., the leading dedicated security technology company, headquartered in Santa Clara, California, delivers proactive and proven solutions and services that secure systems and networks around the world. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector, and service providers with the ability to block attacks, prevent disruptions, and continuously track and improve their security. http://www.mcafee.com.
RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle -- no matter where it moves, who accesses it or how it is used.
RSA offers industry-leading solutions in identity assurance & access control, encryption & key management, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit www.RSA.com and www.EMC.com
NOTE: McAfee, SiteAdvisor, Total Protection and VirusScan are registered trademarks or trademarks of McAfee, Inc. and/or its affiliates in the United States and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. RSA is either a registered trademark or trademark of RSA Security Inc. in the United States and/or countries. EMC is a registered trademark of EMC Corporation. All other registered and unregistered trademarks herein are the sole property of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. In particular, statements in this release regarding the expected results of the relationship between the parties are dependent upon the ability of the companies to timely and effectively implement their planned actions, upon the level of demand for each company's products and services and upon the performance and capabilities of each company. They are also subject to a number of other risk factors, including, without limitation: (i)adverse changes in general economic or market conditions; (ii)delays or reductions in information technology spending; (iii)risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv)competitive factors, including but not limited to pricing pressures and new product introductions; (v)the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi)component and product quality and availability; (vii)the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii)insufficient, excess or obsolete inventory; (ix)war or acts of terrorism; (x)the ability to attract and retain highly qualified employees; (xi)fluctuating currency exchange rates; and (xii)other one-time events and other important factors disclosed previously and from time to time in either filings with the U.S. Securities and Exchange Commission of McAfee and EMC Corporation, the parent company of RSA..McAfee, RSA and EMC disclaim any obligation to update any such forward-looking statements after the date of this release.
SOURCE McAfee, Inc.