Banks and e-commerce firms have begun adopting a new version of the Secure Sockets Layer web protocol to safeguard their sites against phishing attacks.
PayPal, eBay and investment firm Charles Schwab are among the organisations using Extended Validation SSL to verify the authenticity of their websites. Developed by VeriSign, the system is designed to reassure consumers that they are visiting bona fide websites by turning the address bar green when the site is genuine.
More than 100 companies, including two UK banks, have taken up the system in an effort to reduce the risks faced by consumers from phishing attacks, which spoof genuine sites to obtain confidential information, said VeriSign director Mike Davies.
However, the technology is only available to consumers using Windows Vista, and Internet Explorer 7.
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