ICICI to implement SSL certificates for data protection

NEW MOVE: ICICI standardised on SSL certificates for a five-year contract period.

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New Delhi: India’s largest private sector banks ICICI Bank on Thursday selected NASDAQ-listed Entrust Inc to provide standard SSL certificates.

This would enable protection of customer data when conducting transactions on the institution's website.

As part of the agreement, ICICI Bank standardised on SSL certificates for a five-year contract period, Entrust Inc said in a release.

"ICICI Bank understands the value of providing a trusted environment that helps protect against online fraud schemes," PTI quoted Entrust Chairman Bill Conner.

Implementation of cost-effective SSL certificates would help the bank to address fraud and better serve the needs of their overall security approach, he added.

Based on their current purchase, they have the ability to upgrade to extended validation SSL certificates when the time is right, he added.

Acting as a centrally-managed, self-service system, the Certificate Management Service reduces administrative hassles and lessens the risk of inadvertent certificate expiration by allowing customers to synchronise and control the timing of SSL certificate expiration, it added.

ICICI Bank which has a total assets of $92 billion offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels.

It has a network of about 950 branches and 3,300 ATMs in India and presence in 17 countries.

(With PTI inputs)