Cylink Corp. Approved to Export Triple-DES Encryption Without Key Recovery to the European Central Banks.SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 19, 1997-- Department of Commerce Allows Cylink to Become the First Hardware Supplier of Encryption Products to Gain Export License Without Key Recovery The U.S. Department of Commerce (DOC) has granted approval to Cylink Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CYLK), to export its hardware-based encryption products to members of the central banks This is a list of central banks. Contents A B C D E F G H I J K L M N O P Q R S T U V W Y Z of Europe. This license allows the central banks to use Triple-DES level of strong encryption An encryption method that uses a very large number as its cryptographic key. The larger the key, the longer it takes to unlawfully break the code. Today, 256 bits is considered strong encryption. As computers become faster, the length of the key must be increased. without a key recovery mechanism for their monetary control network. As part of the agreement, Cylink, a leading provider of network security solutions, has made a commitment to DOC to develop and market key recovery products. "Our ability to sell in the European market has been tremendously enhanced with this license agreement," said Tom Butler This article is about the actor. For the Bishop of Southwark, see Thomas Frederick Butler. Tom Butler (born on 1951 in Ottawa, Ontario) is a Canadian actor who has starred in movies and on television series and in many TV movies. , vice President of Sales and Marketing for Cylink. "As the first hardware vendor to receive such a license, Cylink's technical excellence and continued commitment to banking and financial customers has been recognized." The European central banks European Central Bank (ECB) Bank created to monitor the monetary policy of the countries that have converted to the Euro from their local currencies. The original 11 countries are: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, operate a network with responsibilities similar to those of the U.S. Federal Reserve. Members of this network include all 15 European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EU) countries, as well as non-EU members: Switzerland, Norway, the USA, Canada and Japan. The central banks have mandated a use of Triple-DES level of security for their mission critical applications. "The DOC and Cylink have once again worked as partners to make available U.S. generated strong encryption technology throughout the world to protect financial institutions," said William A. Reinsch, Under Secretary, Bureau of Export Administration, U.S. Department of Commerce. "This arrangement clearly demonstrates the level of commitment of the Clinton Administration Noun 1. Clinton administration - the executive under President Clinton executive - persons who administer the law to developing secure electronic commerce and to ensuring U.S. companies can compete in the global market." Cylink's encryptors protect data as it flows over a network without changing the network or the applications. The products that include Triple-DES security include the recently announced CIDEC CIDEC Centro Interdisciplinario De Estudios Culturales (Spanish) hardware line of network encryptors, and the CyNet Manager, PC-based software that provides centralized configuration, monitoring, and testing of all Cylink network security and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. products. Key recovery is a technology built into encryption products that preserves the key used to scramble data so that, should that key be lost or otherwise unavailable, the data can be recovered. For example, if an employee loses the key for an encrypted document, moves to another company, or quits, the document is unreadable without a key recovery mechanism. Key recovery is also a U.S. government requirement before manufacturers can ship encryption products that use keys longer than 56 bits overseas. Triple-DES Provides Highest Level of Security Available Triple-DES is based on DES, which has been a highly reliable standard for network and information security for the past 20 years. Triple-DES provides enhanced security through three keys (168 total bits) in the encryption process. Decryption (cryptography) decryption - Any procedure used in cryptography to convert ciphertext (encrypted data) into plaintext. also requires three separate DES keys. With this industrial-strength security in the enhanced algorithm, brute force attacks will no longer be practical or feasible because CIDEC products can generate new keys to encrypt information as often as needed as needed prn. See prn order. to meet the user's specifications. In addition, the Triple-DES option offers higher levels of network security without affecting network performance and throughput. About Cylink Corp. Cylink Corporation is a leading provider of network security solutions and wireless communications. Its security products enable secure transmission of data over networks, including local area networks (LANs), wide area networks (WANs) and public packet switched networks, such as the Internet. Cylink serves Fortune 500 companies, multinational financial institutions, and many international government agencies. For additional product or investor information, visit Cylink's Web site at http://www.cylink.com -0- Note to Editors: Except for the historical information contained herein, matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results could be materially different. Forward-looking statements include statements regarding Cylink's ability to sell Triple-DES products and technologies to members of the EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. . Factors that could cause actual results to differ include changes in U.S export policy and pending legislation, an unexpected decrease or cancellation of orders by EMI members, and the possible introduction of new technologies and other risk factors listed from time to time in the company's SEC reports, including but not limited to the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1996, and its reports on Forms 10-Q and the Annual Report to shareholders. CIDEC and CyNet are registered trademarks of Cylink Corp. CONTACT: Cylink Corp. (U.S.) Gene Carozza, 408/328-5175 carozza@cylink.com or Edelman Worldwide April Rassa, 650/968-4033 April_Rassa@edelman.com |
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