Net Nanny Ships BioPassword(R) LogOn For Windows NT; Patented Biometric Authentication Solution Is Company's Second Product To Ship This Quarter
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BELLEVUE WASHINGTON--(CCN Disclosure, December 18, 2000)--Less than two months after shipping Net Nanny(R) 4, Net Nanny Software International Inc. (CDNX: NNS, OTCBB: NNSWF), a leading developer of security software, announces that BioPassword(R) LogOn fouction on December 15 and is now available for sale.
Geared toward network and security professionals, who are increasingly concerned about security breaches and the costs associated with maintaining secure networks, BioPassword LogOn for Windows NT is a client-server biometrics solution that significantly enhances NT security by authenticating users as they log on to a network. According to IDG, a leading media and research company, there are approximately 1.5 million Windows NT servers in operation with an average of 5000 users, which represents a tremendous revenue opportunity for the Company.
The product's core technology is based on "keystroke dynamics", a patented process developed by Stanford Research Institute and owned exclusively by Net Nanny Software International Inc. "Keystroke dynamics" uses a mathematical algorithm to measure and characterize the unique manner (pressure, speed and rhythm) in which individuals type their user name and password. The product provides a layer of biometric security to the wide install base of universally accepted password systems.
"Biometric technologies are becoming a more viable, accepted way of authenticating a user, but in order for them to be widely incorporated and accepted by security professionals and end users, they must be unobtrusive and easy to deploy," said Mitch Tarr, VP of Strategic Alliances for BioPassword. "Any organization running an NT network should evaluate this product for incorporation into its security arsenal. No other product on the market today gives corporations a simpler way to add extra security to their networks. We believe that its benefits will help bring biometrics into the mainstream."
According to this year's "Computer Crime and Security Survey", conducted annually by the Computer Security Institute (CSI), 71 percent of the 273 corporations polled reported unauthorized access by internal users. The reported network abuse included theft of proprietary information, financial fraud, data or network sabotage, introduction of computer viruses and abuse of Internet privileges. Total losses from all computer- related crime was more than $265 million.
"This is a watershed event for the company," said Gordon Ross, CEO and President of the Company. "Ever since we acquired the rights to this unique technology, it has been our dream to introduce the industry's first software-only biometric. Naturally, I'm pleased to see this dream finally come to fruition. We're proud to make this product available to those responsible for risk management and network security for their corporations."
The Company is targeting customers in the finance, manufacturing, medical, banking, legal, insurance and government markets.
Product Features and Benefits
BioPassword LogOn for Windows NT is easily deployable and cost effective, requiring no additional hardware except a standard keyboard. The product requires 5.1 MB for the server portion and 0.8 MB for the client portion. Service Pack 3 or higher is also required. BioPassword LogOn for Windows NT enhances a company's security practices by working seamlessly with existing Windows NT security features. It requires no fundamental changes to the user logon process, its transparent operation contributes to a higher level of user acceptance and it can also be layered with other security technologies, including biometrics.
Pricing and Availability
The product is available in scalable service packs of 100, 500, 1,000 and 4,000 seat licenses, which range in price from $20 to $90 per seat, depending upon the number of licenses. Analysts from the Gartner Group reported that IT departments supporting 2,500 workstations spend an average of $850,000 annually on forgotten passwords. BioPassword represents a cost effective solution to reduce the cost of password management, while at the same time, securing the company's computer system. BioPassword LogOn for Windows NT is available for purchase by contacting the company directly at (425) 688-3008 or at www.biopassword.com.
The Company is currently developing a version for Windows 2000 and a software developer's kit, which allows portability to other operating systems. The Company is also finalizing development with digital music technology company Musicrypt.com, on a digital music download system that integrates BioPassword.
About Net Nanny Software International Inc.
Net Nanny Software International Inc., a publicly traded company (OTCBB: NNSWF, CDNX: NNS) with headquarters and subsidiaries in the United States and Canada, specializes in Internet safety and computer security products for both the home and enterprise markets. The Company's products address the growing need to secure access to mission-critical computer data, and give users the freedom to choose options consistent with their individual needs and value systems. For more information, contact the Company at www.netnanny.com or call (425) 688-3008.
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