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Gold/Mining/Energy : Certicom Corporation (TSE:CIC, NASD:CERT)

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To: Postman who wrote (4902)	1/9/2006 10:08:22 AM
From: caly	Read Replies (1) of 4913

More than anything, it shows a lack of understanding on their part of basic security concepts. And the Dept. of Labor is NOT using Meganet. It was an ugly affair. The woman in DOL who gave the contract to Meganet improperly was named Laura Callahan. Her personal lawyer was/is a guy named Ralph Lotkin who happened to be corporate counsel for Meganet. (See article below.) The other problem was the fact that Meganet used its proprietary encryption in the products and that's a no-no in government. Government agencies are not allowed to use products that aren't certified to meet FIPS 140-2 standards, and Meganet's products aren't and can't be as long as they're not using standard encryption algorithms. When NIST found out about this contract award, they got involved. Companies (like Certicom) spend a lot of money getting their security products FIPS certified so they can sell to the government, and then the DOL just ignores those requirements and buys a product that's not certified and doesn't meet the standards. federalnewsradio.com Labor Under the Gun Apr. 19, 2005 The Labor Department is under the gun from its own inspector general for doing a poor job of contract management. The IG recommended last week that Labor set up a separate acquisition office to make sure contracts are awarded, updated and used properly. GCN.com reports that what set off the IG investigation was a sole source contract the department awarded in 2002 to Meganet Corporation for encryption software. Labor then went on to spend nearly $4 million on the product. Yet Labor never actually used Meganet's products. In fact, it never even installed them on its networks. That's because the tech folks said the products weren't compatible with Labor's infrastructure. Yet testing by the IG's office showed that Meganet could in fact work in Labor's environment. Labor officials compounded the problem by spending another million and a half dollars on a competing product they were able to get working.

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