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  • VeriSign Japan Reduces Costs of Digital ID Service
  • March 17, 1998 (TOKYO) -- VeriSign Japan K.K. announced March 10 a revision of its digital authentication service for electronic commerce, encompassing reduced costs of digital authentication certificates, simplified application procedures, and a consumer protection program.
    With around 1,500 customers using its digital authentication service, VeriSign Japan had identified a number of customer needs. The revisions were introduced to meet those needs and to build a more secure communications environment, the company said.

    The price revisions apply to the digital authentication certificates (digital IDs) installed on Web servers.

    VeriSign Japan issues Web server digital IDs to corporations and organizations that must establish authentication procedures and encrypted communications with their customers, members or other end users. Each digital ID previously cost 90,000 yen (US$700), including the annual administration fee. On March 10, the price was reduced to 81,000 yen (US$630) for new registrations. From April 1, the price will apply to both new registrations and renewals.

    The simplified application procedure aims to reduce paperwork to make it easier to apply for digital IDs. To obtain a digital ID, the corporation or organization had to prepare and submit various credentials such as a certified copy of the company registration, seal certificate, and other official documents.

    VeriSign Japan has linked to a database service operated by a private credit bureau and it plans to use this database from April to eliminate some of the document checking.

    The new consumer protection program is the NetSure Protection Plan introduced by VeriSign, Inc. in the United States in 1997.

    The NetSure Protection Plan insures users against financial loss due to theft of the subscriber's private key generated by VeriSign Japan's public key cryptography.

    The level of protection is up to 10 million yen (US$77,500) for Web server digital IDs (Class 3). Digital IDs issued for e-mail software (Class 2) are insured for 2.5 million yen (US$19,400), and digital IDs for Web browsers (Class 1) carry 100,000 yen (US$775) insurance.

    (Hi-Tech News Center)

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    Updated: Mon Mar 16 22:03:12 1998