SEATTLE--(BUSINESS WIRE)--Dec. 20, 2005--Washington Mutual, Inc.
(NYSE:WM), one of the nation's leading banks for consumers and small
businesses, announced today that it will be adding a risk-based
multi-factor authentication solution to provide enhanced security for
its online banking users. As a result, Washington Mutual will continue
to provide an online banking tool that is not only easy to use but
also provides best-in-class authentication, fraud detection and
prevention to its customers.
"Washington Mutual is once again taking a proactive approach to
protecting our customers by securing their accounts and personal
information with superior, flexible, cutting-edge technology. By doing
so, Washington Mutual customers will continue to benefit from the
convenience and ease of online banking with the utmost confidence,"
said Dave Cullinane, chief information security officer at Washington
Mutual and International President of the Information Systems Security
Washington Mutual's enhanced security will analyze every online
login and transaction behind the scenes and score the potential risk
based on a broad range of criteria, including the user's IP address,
geographic location, prior transaction behaviors and much more. When a
potential risky situation is detected, it can invoke additional
authentication methods in real-time. In addition, because online fraud
crosses international boundaries, WaMu is further protecting its
customers by joining a real-time world-wide fraud detection network.
Of the many multi-factor authentication solutions analyzed, it was
determined that Cyota's eSphinx offered one of the strongest
authentication measures available with minimal impact to the
comfortable and easy online experience that customers have come to
expect from Washington Mutual.
"By proactively helping to protect their online channel against
fraudulent activity, Cyota is helping Washington Mutual stay one step
ahead of today's and tomorrow's online threats," said Naftali Bennett,
Cyota's chief executive officer.
Washington Mutual's award-winning online banking site, wamu.com,
is known for being among the fastest, most reliable, and easiest to
use banking sites in the industry. Recognized by Keynote, Gomez,
Watchfire and others, WaMu is committed to providing the best possible
service whether customers call, click or come in.
Editor's Note: On Monday, Dec. 4, RSA Security and Cyota announced
that the companies have signed an agreement for RSA Security to
acquire Cyota with the transaction expected to close by the year's
About Washington Mutual
With a history dating back to 1889, Washington Mutual (NYSE:WM) is
a retailer of financial services that provides a diversified line of
products and services to consumers and commercial clients. At Sept 30,
2005, Washington Mutual and its subsidiaries had assets of $333.62
billion. Washington Mutual currently operates more than 2,400 retail
banking, mortgage lending, commercial banking and financial services
offices throughout the nation. Washington Mutual's press releases are
available at www.wamunewsroom.com.
CONTACT: Washington Mutual
Libby Hutchinson, 206-461-2484
SOURCE: Washington Mutual, Inc.