Cisco Praises New U.S. Encryption Policy as Victory for the Internet, Driving U.S. Economic Growth and Jobs in New International Markets.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 16, 1999-- Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) today praised the White House and key federal agencies for crafting an enlightened encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. policy for U.S. companies wanting to sell secure Internet technologies overseas. Under this new policy, high-tech companies will be able to provide their international customers with same types of secure Internet-based products as U.S. customers for the first time, opening up closed technology markets worldwide. "Today's announcement should boost the U.S. economy and generate new jobs by allowing U.S. companies to fully compete internationally and participate in the Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. ," said Judy Estrin, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. for Cisco Systems. "We believe this represents an important shift in Administration policy, and will positively address most of the outstanding issues in pending encryption legislation." "The Internet Economy is reshaping the future of individuals, companies and countries. This policy will allow individuals to securely conduct business transactions over the Internet. Similarly, it allows U.S.-based businesses to connect their Internet-based networks to international suppliers and partners to better serve customers worldwide," Estrin added. The Administration's policy also works hard to keep private information private in an open Internet environment and also demonstrates how government and industry can work together to open markets while protecting sensitive U.S. technology. With a enlightened U.S. policy now in place, Cisco will continue to work with its industry and government partners to foster the development of similar encryption policies abroad. About Cisco Systems Cisco Systems (Nasdaq:CSCO) is the worldwide leader in networking for the Internet. Cisco news and information are available at http://www.cisco.com. Note to Editors: Cisco, Cisco IOS Cisco IOS (originally Internetwork Operating System) is the software used on the vast majority of Cisco Systems routers and all current Cisco network switches. IOS is a package of routing, switching, internetworking and telecommunications functions tightly integrated with a , Cisco Systems, the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion