Yes, EV certificates are answer to ever-increasing threat of identity theft and phishing. They require applicant organizations to go through a rigorous validation process. The Extended Validation guidelines are designed to confirm the legal and physical existence of the business. Hence, EV validation eliminates threat of false identity and phishing. The green bar of EV Validation will display the information regarding the owner of the web site. Consumers can be rest assured that they are doing transactions with a legitimate entity. They are also assured that the web site gives uttermost importance to security of their financial data. Hence, they are more likely to bring their business to the web sites displaying EV certificates.