| |
Digital Signatures to DominateBusiness-to-Business Electronic Commerce
January 5, 2000 07:59 AM Eastern Time
IRVINE, Calif.--(BUSINESS WIRE)--Jan. 5, 2000--Forecasting the future of Internet security, Litronic Inc. LTNX , a leading provider of data security solutions, Wednesday predicted that digital signatures will become the prominent mode for identification and authentication in business-to-business electronic communications and transactions in the next 3 years.
According to Forrester Research, business-to-business electronic commerce is projected to jump to $1 trillion by 2003, up from $43 billion in 1998 -- validating the need for more secure electronic communications. The technology behind digital signatures is public key infrastructure (PKI), an advanced form of cryptography that ensures the integrity and privacy of electronic transmission of information.
"Several events occurred last year that are driving the integration and use of digital signatures in business applications where secure access and confirmation are required," said Kris Shah, president and CEO of Litronic Inc. "Litronic has worked closely with strategic industry partners, such as Microsoft, to provide solutions that accelerate adoption and seamless deployment of digital signatures and PKI technology in corporate environments."
Dynamics affecting PKI technology and the electronic security market include Microsoft's technology support, government legislation, and Litronic's product innovation designed to intercept market needs. Additionally, businesses' IT resources released from Y2K preparation are expected to transition significantly to implementation of security infrastructures.
|
|
