RSA Reports 20 Million Online Banking Customers Protected

"Within six months of our dual-acquisitions in the market, RSA Security has affirmed its position as a strong leader in online consumer protection," stated Art Coviello, RSA Security's president and chief executive officer. "Our outstanding achievements and industry recognition in this space, attained through strong management, strategic acquisitions and sustained hard work, are a key driver in the overall company strategy today."

The Aite Group, a leading independent research and advisory firm focused on the financial services industry, released its "Online Banking Authentication and Fraud Detection: A Vendor Comparison" report in June 2006. The report includes a detailed comparison of 13 vendors in the consumer protection space, identifying 12 areas of excellence and the corresponding companies that have distinguished themselves.(1)

RSA Security is recognized in the category of Best Authentication and Fraud Detection Suite "because of their comprehensive suite of software and hardware authentication solutions as well as fraud prevention and detection solutions." In addition, the company is recognized in the Best Fraud Network class for the RSA® eFraudNetwork(TM) community -- the largest cross-institution collaborative online fraud network in which fraud data is shared across financial institutions in real-time. The company received honorable mentions in the Best In-Session Fraud Detection and Best Multi-channel Solution groups.

"External, neutral recognition really is the ultimate endorsement," stated Chris Young, senior vice president and general manager, Consumer Solutions Division, RSA Security. "With the Aite Group report, and feedback from the analyst and customer community at large -- plus the growing demand we're seeing from the market -- it's reassuring to know that we have the right suite of solutions at the right time. We are determined to keep up the great momentum and look forward to more exciting achievements to come."

RSA Security accomplished several major achievements in consumer authentication and fraud detection during the first two quarters of 2006:

• RSA Security currently protects more than 20 million registered users with its live online banking authentication technology. The company has also signed agreements with -- and begun implementations at -- major financial institutions representing approximately an additional 40 million online bankers.
• More than 1,200 financial institutions have selected RSA Adaptive Authentication via RSA Security's online banking provider partners.
• RSA Security recently deployed a full online banking protection system for one of the world's 10 largest financial institutions in less than 10 business days.
• RSA Security's fraud detection technology has continued to show extremely strong results during the first half of 2006: The system has consistently produced a fraud detection rate of approximately 80% for the last 24 months, with an industry-low 1:1 fraud-to-genuine ratio (i.e. for every fraudulent transaction that is blocked, only one genuine transaction is affected. A typical industry ratio is 20:1 - 20 genuine transactions are affected for every fraudulent transaction that is blocked. The higher the ratio, the more genuine customers are negatively affected -- resulting in frustrated users and increased customer service calls.)
• The RSA Anti-Fraud Command Center has worked to shut down more than 18,000 phishing attacks in total since its operations began (unique fraudulent URLs), approximately 10,000 of which were shut down between January and June this year.