| 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
|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
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
(Hi-Tech News Center)
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