AlphaTrade.com Offers Solution to Recent Discovery of Holes in SSL Encryption.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 12, 2000 AlphaTrade.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBNK) today has completed a package that provides a solution to recently discovered holes in the SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. Encryption algorithm that have sent Electronic Commerce-based companies and brokerages scurrying scur·ry intr.v. scur·ried, scur·ry·ing, scur·ries 1. To go with light running steps; scamper. 2. To flurry or swirl about. n. pl. scur·ries 1. The act of scurrying. for cover. SSL is an encryption overlay system that encrypts personal data flowing across the Internet. To date, the technology has been viewed by the Internet industry as highly secure. "The problem with the Internet today is companies believe that a sound security policy is comprised of products, not strategies and methodologies. That is where the downfall lies, trust and faith in protocols alone, rather then strategy-based solutions," says Eric Hines, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AlphaForce.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AlphaTrade.com. AlphaForce.com points to several examples where criminals have the ability to intercept money transactions, exploit user id's, and even passwords. The SSL weakness could cost Internet brokerages million of dollars. This contrasts with previous brokerage attacks where crackers only left digital "graffiti" in their wake. So what does this mean? Criminals are escalating their type of attacks. The SSL encryption protocol is more susceptible to attacks as it becomes archaic and obsolete. Information gained by such SSL-based attacks prompt criminals to trade stocks using other people's money, even making money with a legitimate brokerage account by using other people's money to manipulate a stock price. AlphaForce.com has developed a strategy-based solution to this threat, which couples some of the industries top technology firms and their products. These include corporations such as Rainbow Technologies (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :RNBO) in the distribution of the iKey(TM) technology, as well as Florida-based. Digital Bond. Digibond, the company's product validates the stock trader via an embedded security chip, allowing only the investor it was assigned to, to trade with that investors account. AlphaForce.com, a wholly owned subsidiary of AlphaTrade.com provides a vast array of E-Security solutions to the global marketplace, specializing in Virtual Private Networking (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ), Firewall farms, Intrusion Detection Systems, and managed security solutions. These solutions are designed to allow customers to leverage publicly shared network infrastructures to conduct secure and reliable business transactions. AlphaForce.com offers the industry's first managed security solutions from its state of the art SOC (Security Operations Center A Security Operations Center is a centralised unit in an organisation that deals with security issues. The Transportation Security Administration (TSA; an agency within the US Department of Homeland Security) has implemented Security Operations Centers (referred to as SOC) ), based in the heart of Silicon Valley, where the company provides 24x7x365 network monitoring, maximizing the level of risk mitigation offered to customers. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in AlphaTrade's filings with the Securities and Exchange Commission. |
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