Feeds

GeoTrust takes on VeriSign for Euro -certs business

Opens UK office

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Digital certificate company GeoTrust is expanding its operations to Europe as part of a bid to steal market share from market leader VeriSign with cheaper and easier to obtain digital certificate and identity products.

GeoTrust is opening an office in Maidstone, Kent next week to provide improved localised support to customers and recruit more partners in the region.

The company’s QuickSSL digital certificates enables merchants to obtain online credentials in minutes, as opposed to the two days or more that VeriSign takes, using an automated system to reduce costs.

GeoTrust says it certificates cost $159 (£99) compared to prices of between $350 and $199 respectively charged by VeriSign and its Thawte subsidiary.

GeoTrust chief exec Neal Creighton said its automated system has checks that make it at least as secure as manually issued certs. These include a comparison of the details of a person requesting a cert against the details in the Whois database for a particular domain. The system also phones buyers to confirm their identity, and features anti-fraud algorithms designed to flag up suspicious behaviour.

Although VeriSign has criticised this system, Creighton maintains it has issued “tens of thousands of certificates” without incident.

Securityspace.com reports that GeoTrust had a 13.5 per cent share of the SSL security certificates (the company quotes figures of 18.75 per cent of .com and .net domains). Creighton has set a goal for GeoTrust to become the leading SSL certificate provider in Europe over the next three years. The company is targeting small and medium-sized online merchants in particular.

At present, 60 per cent of GeoTrust’s revenues come from merchant SSL certificates with around 40 per cent coming from enterprise products – a position it would like to reverse over the next year or so. GeoTrust reckons that by focusing on business unit – rather than enterprise-wide - deployments of encryption technology it can better meet the needs of the market than larger competitors.

The firm also sees the growth potential in providing technology to digitally sign code or documents. For example, GeoTrust middleware is already used to digitally sign code in Microsoft Smartphones as a mechanism to prevent unauthorised programs running on operator’s networks. ®

Related Stories

VeriSign tackles customer service problems
There's certs and certs - VeriSign badmouths rivals
Thawte issues doppelganger certs warning
VeriSign stands firm on Site Finder
Unlocks all round! Orange frees SPV developers
Orange pushes for 'pocket money' SPV cert costs
PGP makes email encryption easier
Abbey National bins WAP, Digital TV banking

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.