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HP, RSA Data Security and Wave Systems to Enable Enhanced Security for E-Mail
and Internet Transactions
BusinessWire, Wednesday, January 20, 1999 at 06:44
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 20, 1999--
Trusted-client Technology Secures Users' Digital Identities in
Hardware for PCs and Set-top Boxes
Hewlett-Packard Company, RSA Data Security, Inc., a wholly owned
subsidiary of Security Dynamics Technologies, Inc. and Wave Systems
Corp. (OTC BB:WAVX) today announced technology to embed digital
identities in hack-resistant hardware on PCs and set-top boxes.
This new technology, based on HP and Wave's "trusted-client"
architecture, will give users significantly higher levels of security
than software-only solutions for e-mail messaging and Internet
transactions.
RSA Data Security will support Wave Systems' EMBASSY E-Commerce
System implementation of the trusted client architecture with its
industry-leading BSAFE family of security-protocol toolkits. EMBASSY
securely stores users' identities in hack-resistant hardware embedded
in the client device.
This new solution integrates a critical new function that
verifies the electronic identities of the sender and the receiver in
each transaction or message, protecting against stolen identities.
With current security solutions, digital identities are stored on the
hard disk, which leaves them vulnerable to hacker attacks.
The trusted-client system was introduced by HP and Wave Systems
last October. It is an open, programmable hardware- and software-based
device that creates an exportable, secure and trusted environment
within the PC. Wave's EMBASSY E-Commerce System is the first
implementation of the trusted-client technology and will be included
on motherboard, peripheral and set-top box chip sets due out this year
from leading PC component suppliers IGST, ITE and SMSC.
The combination of RSA's applications and libraries, HP's
VerSecure Security Management Framework and Wave's EMBASSY E-Commerce
System provides the strongest-possible security for worldwide delivery
of messaging and Internet transactions. EMBASSY, enabled by HP's
VerSecure, will permit users and system OEMs to securely store a
unique secure identity in the form of digital certificates.
The identity can be leveraged by RSA tools such as RSA's BSAFE
S/MIME-C for messaging and BSAFE SSL-C+ for secured and authenticated
network transactions. VerSecure's special encryption-management
capabilities provide access to the strongest allowable encryption
within the EMBASSY for worldwide exportability, limited only by local
laws.
"While the global networks have quickly leveraged Internet
technologies to build converged transport networks, the security
approaches between industries and platforms remain fragmented and
incomplete," said Al Sisto, chief operating officer, RSA.
"Our goal is to provide application developers and service
providers in both the Internet and mass-media industries with a common
set of functions and tools for highly secure messaging and
transactions that can be implemented across many platforms, and the
EMBASSY is a key element of that solution."
"Strong security is a prerequisite for value exchange in the
digital world," said Steven Sprague, Wave Systems president. "RSA's
support of the trusted-client architecture strengthens a universal
solution for secured digital identification, paving the way for
trusted Internet commerce and services such as secure e-mail.
Industry-wide support for the trusted-client will significantly
enhance security for businesses and consumers."
"Security is a complex global issue, with frequent changes on a
country-by-country basis," said Doug McGowan, head of HP's VerSecure
program.
"By creating a solution that is programmable and building an
infrastructure to control a device's security characteristics based on
local regulations, we have created an optimal security solution for
devices connected to worldwide networks. Our alliance with RSA and
Wave Systems will extend that security solution to many of the
applications people use today and will use in the future."
Additional information and a white paper on the EMBASSY "trusted
client" are available at wave.com and
hp.com. Information on the RSA Data Security
products is available at rsa.com
About HP
Hewlett-Packard Company is a leading global provider of
computing, Internet and intranet solutions, services, communications
products and measurement solutions, all of which are recognized for
excellence in quality and support. HP has 124,600 employees and had
revenue of $47.1 billion in its 1998 fiscal year.
Information about HP and its products can be found on the World
Wide Web at hp.com. More information on VerSecure is
available at hp.com.
About RSA Data Security, Inc.
RSA Data Security, Inc., a wholly owned subsidiary of Security
Dynamics Technologies, Inc. (NASDAQ:SDTI), is a leading supplier of
software components that secure electronic data, with more than 400
million copies of RSA encryption and authentication technologies
installed worldwide.
RSA technologies are part of existing and proposed standards for
the Internet and World Wide Web, ISO, ITU-T, ANSI, IEEE and are in use
in business, financial and electronic commerce networks around the
globe. RSA develops and markets platform-independent security
components and related developer kits, and provides comprehensive
cryptographic consulting services. RSA can be reached at
rsa.com
About Wave Systems Corp.
Founded in 1988, the mission of Wave Systems Corp. (OTC BB:WAVX)
is to create the world's best technologies and services to secure and
sell digital information. Wave's core EMBASSY technology is an
inexpensive, proprietary hardware and software-based device that
enables secure transaction processing and distributed information
metering in users' PCs.
Embedded in PC hardware and peripherals, set top boxes and other
devices, EMBASSY is the foundation for client-based security
applications and a new distribution and purchasing model for content
and services. This low-cost, secure "system within a system" will
enable the personal computer to assume an important new role in the
evolving digital economy.
By moving secure transactions to the desktop, Wave provides
intrinsic value to the electronic commerce process, benefiting PC
users, application developers, and hardware manufacturers. For more
information, please visit Wave's corporate web site at
wave.com.
Safe Harbor for Forward-Looking Statements
Except for the statements of historical fact, the information
presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include
general economic and business conditions, the ability to fund
operations, the loss of market share, changes in consumer buying
habits and other factors over which Wave Systems Corp. has little or
no control.
CONTACT: Wave Systems Corp.
Kent W. Kappen, 408/261-9510
kkappen@wavesys.com
or
Fleishman-Hillard for Wave Systems
Aaron Feigin, 415/356-1033 (Media)
feigina@fleishman.com
or
Jaffoni & Collins for Wave Systems
David Collins, 212/835-8500 (Investor)
WAVX@jcir.com
or
Cunningham Comm. for HP
Katie Hogan, 650/858-3760
khogan@ccipr.com
or
Corman Comm. for RSA
Patrick Corman, 650/326-9648
patrick@cormancom.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT TRADESHOW
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Copyright 1999, Business Wire
Companies or Securities discussed in this article:
Symbol
Name
BB:WAVX
NASDAQ:SDTI
Security Dynamics Technologies |
