Wednesday, February 14, 2007

The Cost of Security

From the RSA Conference in San Francisco, CA, Chief Security Executive, Greg Hughes, discusses how fraudulent criminals go about stealing your identity and the value of Corillian’s products. Coincidentally, just after the interview I learned that Corillian was purchased by CheckFree for $254M. From the press release, today:

"Corillian and CheckFree have the potential to accelerate the delivery of future generations of online banking technologies for the industry," said Alex Hart, Corillian President and Chief Executive Officer. "Our organizations and cultures are similar in our mutual commitment to deliver high-value solutions that are flexible, scalable and secure to enhance the financial services websites for our customers and their end users."

Corillian supports more than 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions with its online financial services strategy. CheckFree processes more than one billion transactions annually and distributes more than 18 million e-bills per month through more than 2,000 financial services sites.