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Technology Stocks : Gemalto N.V.

GTOMY 28.11

+3.7%

Oct 15 5:00 PM EST

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From: JakeStraw	2/25/2015 10:49:56 AM
	of 128

Gemalto presents the findings of its investigations into the alleged hacking of SIM card encryption keys by Britain's Government Communications Headquarters (GCHQ) and the U.S. National Security Agency (NSA) gemalto.com The investigation into the intrusion methods described in the document and the sophisticated attacks that Gemalto detected in 2010 and 2011 give us reasonable grounds to believe that an operation by NSA and GCHQ probably happened The attacks against Gemalto only breached its office networks and could not have resulted in a massive theft of SIM encryption keys The operation aimed to intercept the encryption keys as they were exchanged between mobile operators and their suppliers globally. By 2010, Gemalto had already widely deployed a secure transfer system with its customers and only rare exceptions to this scheme could have led to theft In the case of an eventual key theft, the intelligence services would only be able to spy on communications on second generation 2G mobile networks. 3G and 4G networks are not vulnerable to this type of attack None of our other products were impacted by this attack The best counter-measures to these type of attacks are the systematic encryption of data when stored and in transit, the use of the latest SIM cards and customized algorithms for each operator

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