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Saint Barnabas Health Care System Selects Wave to Protect Personal Health Information on Laptops
New Jersey's Largest Health Delivery System Standardizes on Wave Software for Managing Its Fleet of Self-Encrypting Hard Drives on Laptops Used by Medical Personnel and Executives
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{"s" : "wavx","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Wave Systems Corp. On Wednesday February 9, 2011, 8:25 am
LEE, MA--(Marketwire - 02/09/11) - Wave Systems Corp. (NASDAQ:WAVX - News) (www.wave.com) today announced that Saint Barnabas Health Care System deployed self-encrypting drives (SEDs) managed by Wave's EMBASSY® software to protect personal health information (PHI) stored on 700 laptops used by doctors, nurses, administrators and executives in 25 facilities. Saint Barnabas had been using software encryption for years to comply with health care regulations and meet patient needs, but chose to upgrade to self-encrypting drives for stronger security and faster deployment times -- 24 hours faster on average per user.
"Patient trust is critical to all of us at Saint Barnabas," commented Hussein Syed, Saint Barnabas' Director of IT Security, whose responsibility encompasses all endpoint and network security. "We take patient and employee data confidentiality seriously, which is why we took steps to ensure it is protected at all times."
"Now should a breach happen," Syed continued, "first and foremost, there is the impact on our patients. Beyond that it would impact our credibility, especially if there were repeated occurrences."
Saint Barnabas is New Jersey's largest integrated health care delivery system, employing 19,000, including 4,600 physicians and operating six acute care facilities, nursing homes and outpatient centers that provide radiology and dialysis. Prominent names within the system include Newark Beth Israel Medical Center, Monmouth Medical Center in Long Branch and Saint Barnabas Medical Center in Livingston.
As part of delivering superior care, medical personnel routinely collect and handle sensitive patient data, including lab results, clinical data, patient medical histories and prescription usage. This information is often gathered bedside or in the ER, where laptops are brought in via mobile units. Administrators also use Patient Health Information (PHI) for "patient modeling," to develop better procedures and protocols for assuring that all patients in the Saint Barnabas system receive a high level of care. Laptops in use throughout the system all require encryption to safeguard patient privacy and stay in compliance with health regulations including the Health Insurance Portability and Accountability Act (HIPAA) and last year's Health Information Technology for Economic and Clinical Health (HITECH) Act.
Under HITECH, affected patients would have to be notified by a letter outlining the circumstances of the data breach, what information was compromised and the steps taken toward remediation. There would be a financial impact too, Syed noted, with the health system liable for legal costs and the expense of credit monitoring services for affected patients. Those costs can run several hundred dollars per affected individual, he said.
To mitigate the chance of PHI falling into the wrong hands Saint Barnabas was an early software full disk encryption (FDE) adopter.
"It did the job, but software encryption was slowing the performance of the machine, which had a measurably negative effect on productivity," Syed said. "It could take up to thirty minutes to boot up a PC with software encryption. Now boot up time is negligible."
To handle the encryption installations, drop off locations were designated at Saint Barnabas' facilities, where users were required to make an appointment. During the 24 to 36 hours required for the software to be installed and the contents of the drive encrypted, employees had to be issued a suitable loaner or had to go without. Remote users were required to initiate a remote desktop session via VPN and leave their PCs for the same period of time, periodically rebooting.
The dissatisfaction with software-FDE had Syed and his team looking for alternatives. A liaison at Dell introduced him to self-encrypting drives (SEDs). After conducting internal tests, Syed opted to implement Wave-managed SEDs for all laptops within the Saint Barnabas network. As laptops are "refreshed," all come pre-configured from the factory with an SED and Wave software as part of the standard configuration. Now with hundreds of PCs equipped with Wave-managed SEDs already deployed, Syed said installations have gone "seamlessly," averaging only 20-30 minutes per user, accounting for the time needed to set a password, integrate with Active Directory and to set security policies. After set up, most users "don't even know the drive is encrypted."
Remote Administration, Detailed Event Logs Part of the Value Wave Brings
Wave's Trusted Drive Manager client software enables pre-boot authentication, the enrollment of drive administrators and users, and the ability to backup drive credentials. For centralized IT management of the self-encrypting drives, Wave's EMBASSY® Remote Administration Server (ERAS) enables IT managers to remotely turn on each drive in seconds and to provide detailed event logs for compliance assertions to prove that the security settings were in place if a loss or theft occurs.
About Wave Systems Corp.
Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave's EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM) and supports the TCG's "Opal" self-encrypting drive standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than many existing software-based encryption solutions. TPMs are included on an estimated 300 million PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, visit http://www.wave.com.
Safe Harbor for Forward-Looking Statements
This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.
All brands are the property of their respective owners.
Contact:
Company: Wave Systems Corp. Michael Wheeler 413-243-7026 mwheeler@wavesys.com Follow Yahoo! Finance on Twitter; become a fan on Facebook.
Related Headlines
Saint Barnabas Health Care System Selects Wave to Protect Personal Health Information on Laptops - Marketwire
Wave Chief Scientist Robert Thibadeau Co-Authors American Bar Association's Data Breach and Encryption Handbook - Marketwire
Wave to Present at AGC's 7th Annual Emerging Growth Conference on Monday, Feb. 14th - Marketwire
Cisco, Gemalto, WAVE Systems, and Videx Discuss Security Solutions in SecurityStockWatch.com Interviews - Marketwire
NI Technology Updates Outlooks for Wave Systems, Apple, Linear Technology, Cree, and SemiLEDs - PR Newswire
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Got it. Tx EOM
Folks:
I've seen a few references to a "big 3 automaker" today and cannot find the original post. Is this in addition to the "global automaker" announcement earlier this year? In other words -- dots indicate we now have deals with 2 of the big 3?
Short term, long term, etc. This puts things in perspective: http://quote.barchart.com/texpert.asp?sym=WAVX
Not crazy about this excerpt: Pursuant to Rule 4350 of the FINRA Marketplace Rules, Wave is announcing, as it has done the past five years at this time, that its auditors' opinion letter, which will be contained in Wave's Form10-K for the year ended December 31, 2009, raises substantial doubt about Wave's ability to continue as a going concern given its recurring losses from operations, working capital position and its accumulated deficit.
WAVX Equity Financing history back to 2005
Jul 22, 2009
Equity Financing
Wave Systems Corp. Announces Additional $1,648,400 Stock Offering.
Wave Systems Corp. announced that it is selling to investors 1,791,738 shares of its Class A common stock at a price of $0.92 per share,yielding gross proceeds of $1,648,400. Investors in the offering will also receive warrants to purchase an aggregate of 895,868 shares of the Company's Class A common stock for $1.155 per share. The warrants will be exercisable for a five-year period beginning on the sixth-month anniversary of the date of issuance. The net proceeds of the financing will be used to fund Company's ongoing operations. This transaction is in addition to, and pursuant to the same terms as, the $3,172,199 transaction announced by Wave on July 17, 2009. The total amount being
raised in the two transactions is $4,820,599. ROTH Capital Partners acted as placement agent in connection with the offering.
Jul 17, 2009
Equity Financing
Wave Systems Corp. Announces $3,172,199 Stock Offering.
Wave Systems Corp. announced that it is selling to investors 3,448,042 shares of its Class A common stock at a price of $0.92 per share, yielding gross proceeds of $3,172,199. Investors in the offering will also receive warrants to purchase an aggregate of 1,724,024 shares of Wave's Class A common stock for $1.155 per share. The warrants will be exercisable for a five-year period beginning on the sixth-month anniversary of the date of issuance. The net proceeds of the financing will be used to fund Wave's ongoing operations. ROTH Capital Partners acted as placement agent in connection with the offering.
Apr 9, 2009
Equity Financing
Wave Systems Corp. Announces $1,034,625 Stock Offering.
Wave Systems Corp. announced that it is selling to investors 1,881,136 shares of its Class A common stock at a price of $0.55 per share, yielding gross proceeds of $1,034,625. Investors in the offering will also receive three-year warrants to purchase an aggregate of 940,568 shares of Wave's Class A common stock for $0.55 per share. The net proceeds of the financing will be used to fund Wave's ongoing operations. Security Research Associates acted as placement agent in connection with the offering.
Mar 16, 2009
Equity Financing
Wave Systems Corp. Announces $431,750 Stock Offering.
Wave Systems Corp. Corp. announced that it is selling to investors 785,000 shares of its Class A common stock at a price of $0.55 per share, yielding gross proceeds of $431,750. Investors in the offering will also receive three-year warrants to purchase an aggregate of 392,500 shares of Wave's Class A Common Stock for $0.55 per share. The net proceeds of the financing will be used to fund Wave's ongoing operations. Security Research Associates acted as placement agent in connection with the offering. The shares and the shares underlying the warrants in this offering are being issued under a $25 million shelf registration statement declared effective by the Securities and Exchange Commission on June 23, 2008. A prospectus supplement related to the public offering will be filed with the Securities and Exchange Commission.
Dec 26, 2008
Debt Financing, Equity Financing
Wave Systems Corp. To Complete $1,276,800 Series K Convertible Preferred Stock Financing. Wave Systems Corp. announced that it is selling to investors a total of 456 shares of newly designated 8% Series K Convertible Preferred Stock at a price of $2,800 per share, yielding gross proceeds in the amount of $1,276,800. Each share of Series K Convertible Preferred Stock will be convertible into 10,000 shares of Wave Class A common stock upon the election of the holder at any time or automatically on the date on which the average closing price per share of Wave Class A common stock for the 15 consecutive trading day period then ended equals or exceeds $0.70. In the aggregate, the Series K Convertible Preferred Stock is convertible into 4,560,000 shares of Wave's Class A common stock. Dividends will accrue at 8% per annum and will be paid in cash semi-annually. Additionally, for each share of Series K Convertible Preferred Stock purchased, the investor will also receive warrants to purchase 2,500 shares of Class A common stock at an exercise price of $0.28 per share. The warrants are exercisable for three years beginning on the date of the initial issuance of the warrants.
Dec 1, 2008
Divestiture or Spin-Offs
Wave Systems Corp.'s TVTonic Consumer Media Service Suspended And Exploring Opportunities To Sell Or License Its Technology.
Wavexpress, majority owned by Wave Systems Corp. announced that it has suspended its TVTonic consumer media service and is exploring opportunities to sell or license its technology to third parties that may provide download and play services. Wave estimates that these measures will reduce consolidated operating costs by approximately $800,000 per quarter. A small staff will remain in place at Wavexpress in order to support efforts to license or sell the Wavexpress technology to third parties
Oct 31, 2008
Equity Financing
Wave Systems Corp. To Complete $721,500 Series J Convertible Preferred Stock Financing. Wave Systems Corp. announced that it is selling to investors a total of 111 shares of Series J Convertible Preferred Stock at a price of $6,500 per share, yielding gross proceeds in the amount of $721,500. Each share of Series J Convertible Preferred Stock will be convertible into
10,000 shares of Wave's Class A common stock (i) upon the election of the holder thereof at any time or (ii) automatically on the date on which the average closing price per share of Wave Class A common stock for the 15 consecutive trading day period then ended equals or exceeds $1.00. In aggregate, the Series J Convertible Preferred Stock is convertible into 1,110,000 shares of Wave's Class A common stock. There will be no coupon or accruing dividend on the Preferred Stock. Additionally, for each share of Series J Convertible Preferred Stock purchased, the
investor will also receive warrants to purchase 20,000 shares of Class A common stock at an exercise price of $0.40 per share. The warrants are exercisable for five years beginning on the date of the initial issuance of the warrants.
Sep 30, 2008
Equity Financing
Wave Systems Corp. To Complete $211,200 Series I Convertible Preferred Stock Financing. Wave Systems Corp. announced that it is selling to investors 48 shares of 8% Series I Convertible Preferred Stock at a price of $4,400 per share, yielding gross proceeds in the amount of $211,200. The net proceeds of the financing will be used to fund Wave's ongoing operations.
Sep 12, 2008
Debt Financing
Wave Systems Corp. To Complete $756,800 Series I Convertible Preferred Stock Financing. Wave Systems Corp. announced that it is selling to investors 172 shares of newly designated 8% Series I Convertible Preferred Stock at a price of $4,400 per share, yielding gross proceeds in the amount of $756,800. The net proceeds of the financing will be used to fund the Company's ongoing operations. Each share of Series I Convertible Preferred Stock will be convertible into 10,000 shares of Class A common
stock (at a conversion rate of $0.44 per Class A Common share) (i) upon the election of the holder thereof at any time or (ii) automatically on the date on which the average closing price per share of the Company's Class A common stock for the 15 consecutive trading day period then ended equals or exceeds $1.10. In aggregate, the Series I Convertible Preferred Stock is convertible into 1,720,000 shares of the Company's Class A common stock. Security Research Associates acted as placement agent in connection with the offering.
Jul 1, 2008
Equity Financing
Wave Systems Corp. Completes $1.6 Million Stock Offering.
Wave Systems Corp. announced that it is selling to investors 1,880,500 shares of its Class A common stock at a price of $0.85 per share, yielding gross proceeds of approximately $1.6 million. Investors in the offering will also receive three-year warrants to purchase an aggregate of 470,125 shares of Wave's Class A Common Stock for $0.90 per share. The net proceeds of the financing, approximately $1.5 million, will be used to fund Wave's ongoing operations.
May 23, 2008
Equity Financing
Wave Systems Corp. To Complete $1.7 Million Stock Offering.
Wave Systems Corp. announced that that it is selling to investors 2,151,250 shares of its Class A common stock at a price of $0.80 per share, yielding gross proceeds of approximately $1.7 million. Investors will also receive three-year warrants to purchase an aggregate of 537,812 shares of Wave's Class A Common Stock for $0.85 per share. The net proceeds of the financing, approximately $1.6 million, will be used to fund Wave's ongoing operations.
Mar 3, 2008
Equity Financing
Wave Systems Corp. To Complete $3.5 Million Stock Offering.
Wave Systems Corp. announced that it has agreed to sell 3,173,500 shares of its Class A common stock at a price of $1.10 per share, yielding gross proceeds of approximately $3.5 million. Investors in the private placement will also receive five-year warrants to purchase an aggregate of 952,050 shares of Wave's Class A Common Stock for $1.15 per share. The net proceeds of the financing, approximately $3.3 million, will be used to fund Wave's ongoing operations.
May 24, 2007
Equity Financing
Wave Systems Corp. To Complete $15 Million Stock Offering.
Wave Systems Corp. announced that it has agreed to sell 7,317,073 shares of its Class A common stock at a price of $2.05 per share,
yielding gross proceeds of approximately $15 million. The net proceeds of the financing, approximately $14.2 million, will be used to fund the Company's ongoing operations. Security Research Associates acted as placement agent in connection with the offering.
Nov 17, 2006
Amended Filing
The company recently amended a previous filing. The company filed for the period ending 09/30/2006 an Amendment to a previously filed 10-Q
Oct 31, 2006
Equity Financing
Wave Systems Corp. Complete $9.6 Million Stock Offering. Wave Systems Corp. announced that on October 30, 2006, it agreed to sell 3,517,230 shares of its Class A common stock at a price of $2.73 per share the closing price on October 27,2006, for gross proceeds of $9,602,038. The net proceeds of the financing, approximately $9.1 million, will be used to fund the Company’s ongoing operations. Security Research Associates acted as placement agent in connection with the offering. The shares in this offering are being issued under Wave Systems' $25 million shelf registration statement, which was declared effective by the Securities and Exchange Commission on January 13, 2006
Aug 7, 2006
Equity Financing
Wave Systems Corp. to Complete $4.8 Million Stock Offering.
Wave Systems Corp. announced that on August 4, 2006, it agreed to sell 2,336,752 shares of its Class A common stock at a price of $2.05 per share for gross proceeds of $4,790,342. The net proceeds of the financing, approximately $4.5 million, will be used to fund Wave's ongoing operations. Security Research Associates acted as placement agent in connection with the offering.
Jul 26, 2006
Reverse Stock Split
The company recently executed a stock split.
The company executed a 0.33333 to 1 stock split
May 4, 2006
Equity Financing
Wave Systems Corp. to Complete $4.8 Million Stock Offering.
Wave Systems Corp. announced that it has agreed to sell 6,037,500 shares of its Class A common stock at a price of $0.80 per share for gross proceeds of $4,830,000. The sale is expected to be completed on May 5, 2006. The net proceeds of the financing, approximately $4.6 million, will be used to fund Wave's ongoing operations and transition from development stage to commercial operations. Security Research Associates acted as placement agent in connection with the offering.
Feb 16, 2006
Equity Financing
Wave Systems Corp. To Complete $4.4 Million Offering. Wave Systems Corp. announced that it has agreed upon an issuance of $4,466,500 million of its Class A common stock to accredited
investors. Pursuant to the financing, Wave Systems has agreed to sell 8,348,598 shares of Class A common stock at a price of $0.535 per share as well as warrants to purchase 1,550,868 shares of the company's common stock within six months at an exercise price of $0.72 per share.
Dec 5, 2005
Equity Financing
Wave Systems Corp. To Complete $3.5 Million Offering.
Wave Systems Corp. announced that it has agreed upon an issuance of $3.5 million of its Class A common stock to accredited investors. Pursuant to the financing, Wave Systems has agreed to sell 5,982,905 shares of Class A common stock at a price of $0.585 per share as well as warrants to purchase 1,093,750 shares of the company's common stock within six months at an exercise price of $0.80 per share. If exercised in their entirety, the warrants would generate an additional $875,000 in gross proceeds to Wave. The transaction is anticipated to close today. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the
Securities and Exchange Commission on May 10, 2004.
Aug 8, 2005
Equity Financing
Wave Systems Corp. To Complete $3.6 Million Offering Under $25 Million Shelf Registration Statement. Wave Systems Corp. announced that it has agreed upon an issuance of $3.6 million of Class A common stock with accredited investors. The
transaction is being done under Wave's $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave agreed to sell 4,000,000 shares of Class A common stock at a price of $0.90 per share. The transaction is anticipated to close on August 8, 2005.
What a misleading headline versus the content of the article..."breaking down"???
Good to see WAVX getting some attention from Motley Fool
Hackers steal SKorean-US military secrets
By KWANG-TAE KIM
Associated Press Writer
updated 5:36 a.m. CT, Fri., Dec . 18, 2009
SEOUL, South Korea - South Korea's military said Friday it was investigating a hacking attack that netted secret defense plans with the United States and may have been carried out by North Korea.
The suspected hacking occurred late last month when a South Korean officer failed to remove a USB device when he switched a military computer from a restricted-access intranet to the Internet, Defense Ministry spokesman Won Tae-jae said.
The USB device contained a summary of plans for military operations by South Korean and U.S. troops in case of war on the Korean peninsula. Won said the stolen document was not a full text of the operational plans, but an 11-page file used to brief military officials. He said it did not contain critical information.
Won said authorities have not ruled out the possibility that Pyongyang may have been involved in the hacking attack by using a Chinese IP address — the Web equivalent of a street address or phone number.
The Chosun Ilbo newspaper reported, citing the January edition of its sister magazine Monthly Chosun, that hackers used a Chinese IP address and that North Korea is suspected of involvement. The Monthly Chosun cited South Korea's National Intelligence Service and Defense Security Command.
Yonhap news agency also reported the hackers used a Chinese IP address. It said the North's involvement was not immediately confirmed, also citing military officials it did not identify.
Officials at the NIS — South Korea's main spy agency — were not immediately available for comment.
The U.S. stations 28,500 troops in South Korea to deter any potential North Korean aggression. The two Koreas have remained technically at war since the 1950-53 Korean War ended with an armistice, not a peace treaty.
"As a matter of policy, we do not comment on operational planning or intelligence matters, nor would we confirm details pertaining to any security investigation," said David Oten, a spokesman for the U.S. military in Seoul.
The latest case came months after hackers launched high-profile cyberattacks that caused Web outages on prominent government-run sites in the U.S. and South Korea. Affected sites include those of the White House and the South's presidential Blue House.
The IP address that triggered the Web attacks in July was traced back to North Korea's Ministry of Post and Telecommunications, the chief of South Korean's main spy agency reportedly told lawmakers, noting the ministry leased the IP address from China. The spy agency declined to confirm those reports at the time.
South Korean media reported at the time that North Korea runs an Internet warfare unit that tries to hack into U.S. and South Korean military networks to gather confidential information and disrupt service, and the regime has between 500 and 1,000 hacking specialists.
North Korea, one of the world's most secretive countries, is believed to have a keen interest in information technology, while tightly controlling access for ordinary citizens.
You don't need to login - for me the ad popped up by itself after the website opened. It is so good to see the word "Wave" so prominently displayed and in such large font on a national website - the animated ad is pretty striking --to quote Napoleon Dynamite: "Freakin' awesome...incredible!"
Yeah - actually I knew the answer to my own question. Nothing like publicly whining & hoping to get a different answer ;-]
Good question - the stock price and the alignment of the stars are in direct conflict. Any idea what's going on?
Microsoft IPTV: At Long Last, Progress
All - not sure if this (Business Week) relates but does talk about interactivity which I assume "can" relate to TVTonic (although not mentioned). Hope you find interesting.
Telecom carriers of the TV technology from Redmond are finally boosting subscriber numbers, raising hopes it will deliver on the promise of true interactivity
by Peter Burrows
For nearly a decade, Microsoft (MSFT) has tried to shake up the market for Internet TV, attempting to build a family of products that would give phone companies a big push forward in their battle with cable and satellite TV providers. But as is the case in other non-PC markets, such as smartphones and music players, Microsoft's progress in TV has been painfully slow.
Despite massive investments and headline-grabbing contracts with many of the world's largest phone companies, only about 500,000 homes now get TV from phone companies using Microsoft software and technology. In a market where dozens of small companies have developed an expertise in key niches, from video servers to set-top boxes, Microsoft has tried to cover all the bases of delivering TV programming via Internet technology—an approach that for many carriers has proved harder and more expensive than expected to carry out on a large scale.
IPTV Gathers Momentum
But for the moment, the pace seems to be picking up on this slow march toward TV innovation, as plans to use Microsoft's Internet protocol TV products actually begin getting off the ground. AT&T (T), which by most accounts has been the poster child for Microsoft's disappointing progress, said in October that its U-Verse IPTV service had amassed 126,000 customers in the third quarter, from 51,000 in the second quarter. Ma Bell plans to make the service available to 8 million homes by the end of the year, up from 5 million now. Swisscom says it has lured 50,000 of Switzerland's 3 million homes away from cable and satellite rivals using Microsoft IPTV.
A year after launching its BT Vision IPTV service, British Telecom Group (BT) will release figures on subscriber gains on Nov. 8. BT Vision Chief Executive Dan Marks says his target is to sign up 2 million to 3 million customers within three to five years. "It took longer than everyone wanted to get to this point, but we're pretty comfortable with the way things are going," Marks says.
Microsoft continues to line up new business. On Nov. 5, Indian telecom powerhouse Reliance Communications announced a $500 million deal to begin delivering Microsoft's technology by April, 2008—four years after first announcing a partnership with Microsoft. Yankee Group analyst Vince Vittore expects an increase in 2008, though he won't predict how steep. "It's a complicated business," Vittore says. "But Microsoft is starting to get traction, and they've got the biggest carriers as key customers."
The Road to Success
Why the holdup? While dumping Google's (GOOG) grainy YouTube videos onto the TV is relatively easy, getting glitch-free, HD-quality pictures and no-wait channel changing requires massive behind-the-scenes engineering—a process made even more difficult by the cautious pace at which phone companies introduce new technologies onto their networks. Many of AT&T's customers suffered a 12-hour blackout of their TV service in late October. "People will tolerate being without their phone for two minutes or without the Internet for 20 minutes, but they won't tolerate their TV going off at all," Vittore says.
To keep up the progress, Microsoft will not only have to eliminate glitches but will need to find ways to make its basic TV service stand out vs. cable and satellite rivals. MediaRoom, the most recent makeover of its IPTV software, includes many slick features, such as the ability to see a thumbnail video of what's playing on each station in the program guide. But for Microsoft to really cash in, it will have to help carriers go well beyond basic TV, with a type of interactivity that really matters to consumers. Over the past 15 years, there have been a slew of interactive TV efforts with features that failed to impress viewers—say, the ability to order a pizza without picking up the phone, or to choose the camera angle for watching Monday Night Football. "[The industry] has tried and failed in a number of ways to figure out what interactive TV means," says Enrique Rodriguez, corporate vice-president for Microsoft TV.
To avoid repeating history, Microsoft seems to be making progress in another critical area: getting independent software developers to create more innovative services. Since Microsoft rolled out new programming tools in June, a number of developers have begun work on a variety of applications, such as visual voice-mail that appears on your TV screen. "They've got a great road map," says Donal O'Connor, a product manager with London-based Emuse Technologies, which develops software that targets ads to particular viewers. "A few years ago I wasn't sure they would succeed, but I genuinely [believe they will] now."
Redefining Interactivity
Rather than using the set to order pizza or pick a camera angle, Microsoft now is emphasizing the need for the TV to work well with other digital devices. A big test of Microsoft's IPTV mettle could come early next year, when gamers will be able to use MediaRoom on their Xbox game consoles. Besides giving 12 million gamers one-click ability to jump from watching a TV show to playing a video game or buying music, this will mark the first time MediaRoom runs on hardware not specifically designed for it. It won't be the last, however.
Rodriguez, who was recently given authority over Microsoft's Media Center PCs and its HD-DVD strategy, envisions a day when all manner of content—from family photos on the PC in the den, to the latest episode of 24—will be available on whatever screen you choose. Those are big promises from a company that still has much to prove. But for the first time in a long time, there's some reason to think Microsoft just might deliver.
Burrows is a senior writer for BusinessWeek, based in Silicon Valley .
Agreed, especially when we're talking about what you get for the money and assuming "kinda smart" people are truly making the decisions. Probably a negligible concern but as they say -- "it's all in the presentation".
Something to note here is the way this new laptop security solution is worded & presented. It seems to me that this solution is presented in a more simplified manner, implies easy activation and addresses the specific problem of lost laptops -- not not mention the name brand recogntion of Sprint & Alcatel. The solution that we are all backing could use some marketing and advertising work in making the Wave/TPM/FDE route a little more palatable and easy to understand (dumb it down a little!) by non-techie decision makers.
Sprint & Alcatel-Lucent - Comprehensive Laptop Security Service Broadly Available to Businesses
Wednesday October 24, 1:33 am ET
Robust 24/7 Security Solution Protects Laptops Even When Turned Off; Packaged with Sprint Mobile Broadband Data Connectivity
OVERLAND PARK, Kan. & MURRAY HILL, N.J.--(BUSINESS WIRE)--With the increase of lost and stolen corporate mobile devices and laptops, protection of proprietary and confidential data is a significant challenge for IT staffs. Sprint (NYSE:S - News) and Alcatel-Lucent (Euronext Paris and NYSE:ALU) offer a solution to ease IT headaches and provide control over data maintained on end-user laptops as Sprint launches one of the first comprehensive laptop security services for businesses. SprintSecure Laptop Guardian enables 24/7 security through remote monitoring, location and locking if a laptop is lost or stolen, helping to increase productivity of mobile staff and simplify security management since all capabilities are delivered over-the-air to the laptop anywhere on the nationwide Sprint Mobile Broadband network.
“Businesses that have a strong need for high levels of corporate data security protection but have struggled with finding a versatile solution should consider this service,” said Sandra Palumbo, program manager, Yankee Group. “The approach Sprint and Alcatel-Lucent have taken with this service will assist in solving a wide variety of data security and policy issues that companies face with their mobile workforces.”
The solution utilizes a unique Mobile Broadband connection card that serves as a two-factor authentication device. The card itself is an ignition key; the user must insert the card into the laptop to gain access to his/her laptop. The same card can be controlled by an enterprise IT administrator to remotely revoke authentication privileges always rendering control over the laptop and, more importantly, the corporate data on the laptop.
“The primary concern we hear from businesses as they consider the adoption of mobile broadband services is regarding security of laptops and the confidential information they contain,” said Mike Coffey, vice president of converged services, Sprint. ”Working with alliance partner, Alcatel-Lucent, to build one of the first comprehensive laptop security solutions eliminates this barrier to mobile broadband adoption. SprintSecure Laptop Guardian delivers mobile broadband service with a connection card featuring robust security capabilities that are always active, even when the laptop is turned off.”
SprintSecure Laptop Guardian is powered by the Alcatel-Lucent OmniAccess 3500 Nonstop Laptop Guardian, a revolutionary laptop security and management system introduced earlier this year. SprintSecure Laptop Guardian is packaged with high-speed data access via Sprint Mobile Broadband to allow enterprises to manage laptops nearly anywhere, anytime. Sprint has the fastest and largest national mobile broadband network reaching more than 228 million people, 12,623 cities and 1,213 airports.
“This laptop security solution is vital since more than half of the computers purchased today are laptops -- and mobile users typically operate freely with virtually no protection or oversight,” said Chuck Naylor, vice president of sales for Alcatel-Lucent. “Combining the innovation of Alcatel-Lucent with Sprint’s mobile leadership to offer the first comprehensive laptop security solution meets a significant business need.”
In addition to security of corporate data, SprintSecure Laptop Guardian also offers management and control features, such as:
-- Enhanced IT access and visibility, available 24/7, which means:
-- Access to laptop status regardless of the laptop's power or online state
-- Status of operating system, applications, policy enforcement and usage
-- GPS-based capability (within the mobile broadband connection card) for laptop location
-- Remote wipe or locking of data, if laptop is compromised
-- Enhanced IT control, with such benefits as:
-- Enforcement of policies for compliance
-- Over-the-air software distribution
For more information about SprintSecure Laptop Guardian, please visit the “Press Kits” section of the Sprint website at www.sprint.com/newsroom.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks serving 54 million customers at the end of the second quarter 2007; industry-leading mobile data services; instant national and international walkie-talkie capabilities; and a global Tier 1 Internet backbone. For more information, visit www.sprint.com.
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE:ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications, and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved adjusted proforma revenues of Euro 18.3 billion in 2006 and is incorporated in France, with executive offices located in Paris. [All figures exclude impact of activities transferred to Thales]. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com
Lifetime of free beer for stolen laptop
New Zealand company posts reward for the return of its stolen computer
WELLINGTON, New Zealand - A New Zealand brewer is offering a lifetime supply of free beer in exchange for the return of a laptop stolen in a break-in.
Croucher Brewing Co. co-owner Paul Croucher said Friday the computer contains “all our financials” as well as label designs for new beers and business contacts.
“So we decided that if anyone does come into possession of it we’ll be happy to offer them a reward — a dozen (bottles) of beer a month for the rest of their life,” he said.
Croucher estimated the total value would likely be about $19,500 for a lifetime of beer. Since making the offer, “plenty of people” had called to say they were looking for the computer, he said.
“Opportunistic kids and a flimsy padlock” resulted in the theft, he said.
Coucher said he was optimistic the free beer offer would lead to the return of the stolen computer. “We’d love it back. We’re at such a critical stage in our little business that every hit like that is quite big,” he said.
The microbrewery in the central North Island tourist town of Rotorua currently ships 160 gallons of its three beers — an English-style pale ale, Czech-style pilsner and a cloudy German wheat beer — each week.
New Zealand winemaker Montana called to warn the brewery owners to make sure the terms of their free beer reward were precise. The winery had a difficult legal wrangle with the winner of an offer of five years’ free wine who tried to extend the supply.
Shares of Seagate Technology Climb in Premarket Trading on Goldman Sachs Note-eom
Interesting albeit vague comment - EOM
Cool video - I assume it's real:
Lockpicker extraordinaire Barry Wels shows just how easy it is to get your laptop.
http://www.ifilm.com/video/2671129/channel/viralvideo
Just never ends......
Hackers gain access to University of Missouri system database
By MARÁ ROSE WILLIAMS
The Kansas City Star
The University of Missouri and the FBI want to find the hackers who broke into the university’s computer database and accessed names and Social Security numbers for 22,396 people.
The university system announced this morning that law enforcement was investigating the breach. It affects people who were employed at any of the four system campuses in 2004 and who also are current or former students on the Columbia campus. Of those whose information was accessed, 13,000 are no longer employees.
A mass e-mail and letter has been sent to each of those affected by the breach. UM technicians discovered the breach on Friday morning after noticing unusual activity on a computer application on Thursday. It turns out the attacks on the database came from two overseas IP (Internet Protocol) addresses, one in China and another in Australia between 5:26 a.m. Thursday and 9:34 a.m. Friday.
Those whose information might have been accessed were urged to contact credit reporting agencies to have a fraud alert placed in their credit files.
FBI Special Agent Jeff Lanza said often these types of breaches come from outside the U.S. but that does not mean the perpetrator is located in the country where the IP address originates.
Scott Charton, a university spokesman, said the university gets hundreds and sometimes thousands of attempted attacks on its system but, “We do pretty well at curbing and repelling attacks.”
A similar computer intrusion, however, occurred in January. In that case, a hacker gained access to Social Security numbers of 1,220 university researchers and the passwords of about 2,500 users of an online grant application system. The University of Missouri Police Department is still investigating that incident.
Last year, the university launched an effort to remove Social Security numbers from anywhere in the system where they were not absolutely needed. The process is still underway.
The hackers found a portal through a Web page and then wiggled their way through the system and found a report that had not yet been removed.
Lanza said that many times such breaches gain access to millions of personal information records.
“But any breach involving personal identity is significant, because it puts those individuals at risk of having their identity compromised,” Lanza said.
“The goal of our investigation is to determine where the intrusion originated and then to use our investigative resources to find the person/persons responsible. And to see to it that person is prosecuted to the full extent” for unauthorized access to a computer system.
Per your post, that was when you first recognized that something was amiss with the BOD. Would have saved you all of this grief you're going through.
Sounds like you should have gotten out two years ago.....
How about this mornings SP?
Generally a non-reponse equates to a vote in favor of company wishes (whether it's a "Yes" or "No"). Don't know about WAVE tho...........
All I know is that I bought more today at 2.59 -- worked well for me
Actually what I'm hearing is various viewpoints, intelligent conversation and legitimate questions being raised in a quest for understanding around a proposal that can affect our investment. Not sure I see any ranting, resentment, etc. Of course JMO
Semi-OT: Visa CEO Makes Mobile Pymts Push With Investments, Alliances
Dow Jones 03/28/2007
Author: Roger Cheng
ORLANDO, Fla. (Dow Jones)--Visa USA will make investments and partner with technology companies to push the concept of turning the cellphone into a credit or debit card, a move that President and Chief Executive John Philip Coghlan said is "inevitable."
During a keynote speech at the CTIA Wireless trade show Wednesday morning, Coghlan will discuss Visa's investment in Ecrio Inc., a privately held mobile software company based in Cupertino, Calif., as well as in dotMobi, an Irish consortium seeking to create a .mobi domain name for mobile Web sites.
The company is also partnering with Qualcomm Inc. (QCOM) and Kyocera Corp. (KYO) to create phones that can make mobile payments. VeriSign Inc. (VRSN) will support Visa's mobile platform as another partner.
The concept of using the cellphone to pay for groceries or clothes is an attractive one to both the wireless and the financial industries.
The carriers see it as another opportunity to possibly derive revenue by taking a percentage of the transaction. The credit-card companies see the convenience of attaching a payment feature on the mobile phone driving additional transactions. Visa is hoping its mobile platform will bring the two sides together. Its move comes after AT&T Inc. (T) and banks such as Wachovia Corp. (WB) unveiled a partnership to allow customers to pay bills on their handsets.
"Given the striking similarities in the paths our two industries have traveled, it is only natural we have arrived at a moment of convergence." Coghlan said in a statement. "In fact, the convergence of payments and mobile communications is not just logical - it is inevitable."
Mobile payments rest on technology called near-field communication. It's found on "smart" credit cards - a chip that allows a customer to wave his or her card in front of a scanner to make a purchase, rather than swipe it or enter in the codes. Near-field communication terminals are found at select convenience stores, restaurants and in subway stops in cities such as New York.
Visa's investment in Ecrio will help it develop near-field communications technology. It also will help the private company develop technology called MoBeam, or mobile barcode redemption, which allows handsets to beam barcodes to laser point-of-sale terminals.
Visa said it hopes the investment into dotMobi, which consists of a group of wireless leaders, will further integrate the mobile commerce and mobile Internet experience.
Qualcomm will provide the chipset and Kyocera will make handsets that support near-field communication technology. The phones will run off a standard called code division multiple access, or CDMA, used by carriers such as Verizon Wireless - jointly owned by Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD) - and Sprint Nextel Corp. (S). Kyocera acquired Qualcomm's mobile phone business in 2000.
AT&T's wireless arm uses a rival technology not compatible with CDMA.
Coghlan said he believes this is the right time to get into mobile payments because of the increasingly positive consumer attitudes toward the feature.
According to a Visa survey, 64% of those asked aged 18 to 42 said they would consider switching mobile carriers to access mobile capabilities, and 58% said they would consider switching financial institutions.
"These numbers show me that younger consumers want the best of both worlds - they want the freedom and functionality of a mobile phone with the security, convenience and ease of use of their debit or credit card," he said.
World first mobile money transfer / OT - kinda...
Kenya sets world first with money transfers by mobile
Banking system bypassed by using text messages
The Guardian (UK) 03/20/2007
Author: Xan Rice
The ping of a text message has never sounded so sweet. In what is being touted as a world first, Kenya's biggest mobile operator is allowing subscribers to send cash to other phone users by SMS.
Known as M-Pesa, or mobile money, the service is expected to revolutionise banking in a country where more than 80% of people are excluded from the formal financial sector.
Apart from transferring cash - a service much in demand among urban Kenyans supporting relatives in rural areas - customers of the Safaricom network will be able to keep up to 50,000 shillings (£370) in a "virtual account" on their handsets.
Developed by Vodafone, which holds a 35% share in Safaricom, M-Pesa was formally launched in Kenya two weeks ago. More than 10,000 people have signed up for the service, with around 8m shillings transferred so far, mostly in tiny denominations.
Safaricom's executives are confident that growth will be strong in Kenya, and later across Africa. "We are effectively giving people ATM cards without them ever having to open a real bank account," said Michael Joseph, chief executive of Safaricom, who called the money transfer concept the "next big thing" in mobile telephony.
M-Pesa's is simple. There is no need for a new handset or SIM card. To send money you hand over the cash to a registered agent - typically a retailer - who credits your virtual account.
You then send between 100 shillings (74p) and 35,000 shillings (£259) via text message to the desired recipient - even someone on a different mobile network - who cashes it at an agent by entering a secret code and showing ID.
A commission of up to 170 shillings (£1.25) is paid by the recipient but it compares favourably with fees levied by the major banks, whose services are too expensive for most of the population.
Mobile phone growth in Kenya, as in most of Africa, has been remarkable, even among the rural poor. In June 1999 Kenya had 15,000 mobile subscribers. Today it has nearly 8 million out of a population of 35 million, and the two operators' networks are as extensive as the access to banks is limited.
Safaricom says it is not so much competing with financial services companies as filling a void.
In time, M-Pesa will allow people to borrow and repay money, and make purchases. Companies will be able to pay salaries directly into workers' phones - something that has already attracted the interest of larger employers, such as the tea companies, whose workers often have to be paid in cash as they do not have bank accounts.
There are concerns about security, but Safaricom insists that even if someone's phone is stolen the PIN system prevents unauthorised withdrawals. Mr Joseph said the only danger is sending cash to the wrong mobile number and the recipient redeeming it straight away.
The project is being watched closely by mobile operators around the world as a way of targeting the multibillion pound international cash transfer industry long dominated by companies such as Western Union and Moneygram. Remittances sent from nearly 200 million migrant workers to developing countries totalled £102bn last year, according to the World Bank.
The GSM Association, which represents more than 700 mobile operators worldwide, believes this could quadruple by 2012 if transfers by SMS become the norm. Vodafone has entered a partnership with Citigroup that would soon allow Kenyans in the UK to send money home via text message. The charge for sending £50 is expected to be about £3, less than a third of what some traditional services charge.
Cheques and texts
19% Adult Kenyans with bank accounts
54% Adult Kenyans with a mobile phone or access to one
58% Most popular way to transfer money in Kenya: send it with a family member or friend
(Source: FSD Kenya)
22p Cost of sending £260 via text message in Kenya
£1.25 Cost for recipient to cash it in
(Source: Safaricom)
£102bn Money sent home to developing countries by migrant workers in 2006
(Source: World Bank)
3 billion People in world with mobile phones
Also - pls excuse my ignorance but who is David Collins?
There is probably not enough general awareness for anybody to sink big bucks in marketing and advertising - YET. Otherwise the adverstising is falling on deaf ears. The awareness, understanding, education, etc. and need for trusted computing is growing to the point where the time will be right to pull the trigger on "proper" advertising. FWIW.....
83% of Mobile Operators Hit by Mobile Infections
Wireless Week 02/14/2007
Author: Eric M. Zeman
A new study from McAfee revealed that the number of mobile security incidents reported increased by 500% from 2005 to 2006 and thatoperators have experienced customer satisfaction problems as a result.
According to the study, malware attacks are on the rise around the globe andoperators are spending moremoney to recover from the breaches. Almost half of theoperators admitted to seeing attacks in the last three months and the number of operators spending more than $200,000 on mobile security has doubled.
The costliest effect of the attacks was not on operations, but on customer satisfaction. Twenty-nine percent of mobile operators said that subscriber satisfaction suffered more than anything else, even revenue. This played on 80% of mobile operators' fears that security breaches would lead to negative impacts on their brand or credibility. Decreased network performance ranked as the second most serious problem.
Surprisingly, less than one-third of mobile operators that consider device and application-level security important actually install such protection. Even so, 85% of respondents plan to increase their mobile security budgets.
"This research clearly demonstrates that mobile security is moving quickly up the industry agenda with the number of malware incidents rising and more time and money being dedicated to resolving mobile security issues," said Victor Kouznetsov, senior vice president of McAfee Mobile Security. "As mobile data use and functionality proliferates and mobile operators around the world are transforming their businesses from airtime revenue models to transaction- based and content-centric businesses, security is becoming an essential enabler for the success of new revenue-generating services."
More on cell phones:
Cellphones becoming pocket-size banks
More often used to pay bills, transfer funds
USA Today 02/14/2007
Authors: Kathy Chu and Christine Dugas
People already use their cellphones to surf the Web, take photos and text message -- besides making calls. Now, a growing number of banks are also letting them pay bills and transfer money through their cellphones.
In December, Wachovia, the nation's fourth-largest bank, began allowing more than 4 million online-banking customers to view account information and transfer funds via cellphone. The two largest banks, Bank of America and Citigroup, will soon unveil similar services -- with the further ability to pay bills by cellphone. BofA said Tuesday that it will offer cellphone banking next month to customers in one state, Tennessee, and to other customers nationwide by midyear.
These rollouts mark the industry's first widespread launch of cellphone banking. In the late '90s, Bank of America and others tested the technology with a small number of consumers. But it never caught on. Banks are betting this time will be different, since most consumers now carry cellphones, many of them Web-enabled.
Some analysts agree. "It's not a matter of if, but when, this catches on," says Bob Egan of TowerGroup. "What the iPod did for electronic music will pale by comparison with what mobile phones will do for money transactions."
Mark DeSario, who works in New York City for a financial services firm, says he often travels overseas and would find it convenient to be able to use his cellphone to pay bills and transfer funds among accounts.
Not everyone, though, will want to pay bills by cellphone, predicts James Van Dyke of Javelin Strategy & Research, because it's more complex and often requires having bills on hand -- unlike checking balances or transferring money.
Each bank's system works differently. Bank of America customers must register for mobile banking before using it; Citi's customers will need to download a program. Wachovia says its online-banking customers can currently access bank accounts through a Web-enabled cellphone with the Windows Mobile 5 program.
Some consumer advocates worry about the security of banking by cellphone. Beth Givens of the Privacy Rights Clearinghouse says people should confirm with their bank that "enough security features are built into the financial institution's interface" and even then, "exercise great caution" when using the technology.
Banks say customers generally won't be liable for fraud from cellphone banking. Yet those who claim to be victims of fraud will still bear the "burden of proof," Egan says. He also warns that as mobile banking takes off, "cellphones will be the new targets for thieves."
BofA will soon enable banking by cell phone
Charlotte Observer 02/14/2007
Author: Rick Rothacker
Bank of America Corp. on Tuesday said customers can soon start using cell phones and other devices to check account balances, pay bills and transfer money with the bank's new mobile banking service.The Charlotte bank will start offering the service in Tennessee next month and roll it out nationwide by midyear. The offering is available to customers with Internet access on Verizon Wireless, Sprint-Nextel, Cingular and T-Mobile phones, as well as BlackBerry and other devices.
The bank said mobile banking would use the same "SiteKey" security feature used with its online banking. Bank of America, which operates the biggest online banking site, already offers customers e-alerts sent to their mobile devices and the ability to look up branch and ATM locations.
In December, Charlotte's Wachovia Corp. launched its own mobile banking service that allows customers to check account activity, transfer funds and look up branch and ATM locations.
Best thing I've read all day - EOM
Business Week Article on Vista, Bitlocker & TCM
Good article & commentary in January 22 BusinessWeek (this online)
http://www.businessweek.com/magazine/content/07_04/b4018029.htm?campaign_id=nws_insdr_jan12&link....
OT - sorta, VeriSign SSP PKI First Certified Under GSA FIPS 201 Evaluation Program
Wednesday June 21, 8:00 am ET
VeriSign Ahead of Pack for HSPD-12 Readiness
MOUNTAIN VIEW, Calif., June 21 /PRNewswire-FirstCall/ -- VeriSign, Inc. (Nasdaq: VRSN - News), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, announced today that its Shared Service Provider (SSP) Public Key Infrastructure (PKI) was the first service to be certified under the General Services Administration (GSA)-managed FIPS 201 Evaluation Program. The FIPS 201 certification enables VeriSign to provide PKI services for Federal agencies needing to comply with Homeland Security Presidential Directive 12 (HSPD-12), or the government smart card initiative.
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"This evaluation and certification process enables VeriSign to expand its already significant work with the Federal government," said George Schu, vice president for VeriSign. "We are pleased to be the first SSP to be certified as FIPS 201-compliant by GSA, and believe this further demonstrates VeriSign's commitment to providing highly secure and stable systems for its government customers."
The VeriSign SSP PKI is the first of 90 products and services submitted to-date to the GSA to be certified as FIPS 201-compliant. Successful completion of the GSA-managed FIPS 201 evaluation acknowledges that the VeriSign SSP PKI fully complies with the requirements specified in FIPS 201 and the X.509 Federal Common Policy.
In February 2004, the Federal Identity Credentialing Committee (FICC) established requirements and a process for the certification of vendors to provide PKI and smart card issuing services for Federal agencies. The FICC specified a common identity credential to be used by Federal employees for both physical and logical access to Federal facilities and IT systems. The hierarchical PKI model with vendor-supplied Certificate Authorities (CA) services specified by the Federal government for SSP is identical to the managed PKI model that VeriSign has been delivering for nearly 10 years to its government and commercial enterprise customers around the world.
In July 2004 VeriSign was the first SSP certified by the FICC. Now with the additional GSA FIPS 201 certification, Federal agencies can be assured that, not only can VeriSign provide all the mandatory and optional certificate types defined in FIPS 201, but that the VeriSign SSP PKI and associated validation services are being delivered by a highly scalable, reliable and secure infrastructure unmatched in the industry.
About VeriSign
VeriSign, Inc., operates intelligent infrastructure services that enable and protect billions of interactions every day across the world's voice and data networks. Additional news and information about the company is available at www.verisign.com.
NOTE: Trademarks VeriSign and other trademarks, service marks and logos are registered or unregistered marks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. Copyright © 2006 VeriSign, Inc. All rights reserved.
Forward-Looking Statement
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as increasing competition and pricing pressure from competing services offered at prices below our prices and market acceptance of our existing services, the inability of VeriSign to successfully develop and market new services and the uncertainty of whether new services as provided by VeriSign will achieve market acceptance or result in any revenues. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2005 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
Wave rated "5" on MSN Stock Scouter
Last time I looked it was a "2" -- this new?
Wave Systems Corp.: Stock Rating SummaryWave Systems Corp., a micro-cap company in the technology sector, is expected to outperform the market over the next six months with above average risk.
10 is the best possible rating.
I pay MacAfee
Cost versus value-added
After reading this, BitLocker seems like a good alternative to TPM based security -- or at least as an interim step to consumer acceptance. Wonder how the end-user costs compare?
Also, wonder what he means by "mercifully" - is this a TPM slam?
My standard qualifier: Long investor, not a basher, etc.
BM
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Original post: What's up with this?
When I travel with my notebook, I'm always concerned that someone will swipe it and use the many tools out there to get a peek behind the PCMag curtain. Vista's BitLocker Drive Encryption (formerly Secure Startup Volume Encryption) will help, making the drive unreadable to all but me. In the earlier beta this would work only on a system containing a Trusted Platform Module chip. Mercifully, BitLocker now works on any system, encrypting all but a sliver of the boot disk. Systems can be decrypted at start-up after you supply the password or insert a coded USB drive. A laptop thus protected may still be lost or stolen, but the data on it won't be revealed.