SOURCE: Arcot Systems Inc.

March 10, 2008 09:00 ET

Arcot Systems to Protect Online Identities at Top Philippines Bank

SUNNYVALE, CA--(Marketwire - March 10, 2008) - Arcot Systems, the leader in software-only authentication, today announced that Security Bank Corporation has chosen its WebFort™ two-factor authentication system to verify and protect the online identities of corporate customers. Included is the breakthrough ArcotID Flash Client, which provides users with unprecedented security and convenience using an application that already sits on nearly all computer desktops -- the Adobe® Flash® Player. Security Bank is one of the fastest growing banks in the Philippines, with 114 branches nationwide.

"Security Bank's focus is on building and sustaining relationships with our customers that are based on mutual trust and confidence," said Numeriano Amparo, Security Bank Corporate Transaction Banking Head. "We work to achieve this goal by providing them with the most innovative and convenient products and services. Arcot's secure and cost-effective WebFort solution is ideal for us, as we are able to protect our corporate customers' online identities with strong PKI security, without changing their experience with our Web site or the way they log in to our banking services."

Arcot's WebFort is a software-only, two-factor, strong authentication solution. It adds the strength of PKI to any login process while maintaining the simplicity of a username/password interface. WebFort does not require expensive hardware tokens, client-side plugins or software installations. A key component of WebFort is the ArcotID Flash client, which takes advantage of Adobe Flash to give consumers online security with simplicity. No user interaction is required -- there are no pop-up browser messages, no security warnings and no calls to the help desk. Users log in as they always have with their user name and password, but behind the scenes the highest levels of security are protecting them.

"Security Bank corporate customers need the strongest of online security, but have so much going on in their day-to-day business life that they don't want to be burdened with downloading software or using a new device in order to achieve it," said Andy Lee, director, Asia Pacific for Arcot Systems. "Now with WebFort and the ArcotID Flash client, customers can feel confident that their corporate financial information is protected when they log on to the Security Bank Web site, all while using the same simple and familiar user interface."

About Security Bank Corporation

Established on June 18, 1951, Security Bank Corporation is one of the Philippines' top ten private domestic universal banks in terms of assets, deposits, and capital, and its standing as having the highest return on equity among its peer banks in the industry in 2007. Security Bank takes pride in a rich history of banking excellence and consistently proven stability that spans more than five decades. Its constant success is built on a cornerstone of strong corporate values characterized by high standards of professionalism and integrity, a keen sense of financial management expertise, a sincere commitment to teamwork, and a tradition of superior customer care. For more information, please visit http://www.securitybank.com.

About Arcot Systems

Arcot Systems is a leading provider of risk-based authentication, strong authentication, digital signing and cardholder authentication solutions. The company makes online transactions safe for millions of customers by blocking fraud and protecting access. Arcot technology defends against Internet threats including phishing, man-in-the-middle, and spyware. Its software-only authentication solutions eliminate the need for hardware tokens and complex login processes providing customers with strong authentication with the simplicity of a username/password interface. Arcot offerings are compliant with U.S. and international standards including 3-D Secure, IdenTrust, SAFE and FFIEC Internet Banking Authentication recommendations. For more information, visit http://www.arcot.com.

Arcot, Arcot WebFort and ArcotID are registered trademarks of Arcot Systems Inc. All other trademarks are the property of their respective owners, and are used for identification purposes only.

For more information visit www.arcot.com.

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