Den Norske Bank Chooses Baltimore Technologies for Online Security.CeBIT, HANNOVER, Germany--(BUSINESS WIRE)--March 20, 1998-- Den Norske Bank Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form the present DnB NOR. The bank's headquarters were in Bergen, Norway. licenses J/CRYPTO for Secure Online Banking Den Norske Bank, has chosen software from Baltimore Technologies Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. , the leaders in encryption and certification technology, to implement a secure banking infrastructure for retail customers. Den Norske Bank is Norway's largest financial services group and is at the forefront of offering secure banking services over the Internet. Using the J/CRYPTO Java toolkit from Baltimore Technologies, Den Norske Bank will build a secure framework to provide retail customers with a fast, efficient and safe way of paying bills and obtaining account information online. The Internet Bank will be established during 1998 with a limited number of users and will be fully operational in 1999. The use of Java technology will enable the security system to be adapted for other Internet banking applications both internally and externally. "Baltimore Technologies are pleased to have been selected as the security provider in order to successfully implement this infrastructure. Den Norske Bank is at the leading edge of leveraging the Internet as a cost effective, value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. channel for retail banking," commented Fran Rooney, 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 Baltimore Technologies. According to Knut Holmen, Chief Information Officer at Den Norske Bank, "This solution is just one of many efforts by Den Norske Bank to provide cost effective, integrated solutions for handling the retail customer with minimum manual handling by the banks branch network." Baltimore's J/CRYPTO 3.0 is a highly optimised and comprehensive cryptography library that provides a range of cryptographic functions. It was initially released in April 1997 and has been licensed to a wide range of company's world-wide including RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. Data Security. The Den Norske Bank project is being managed by Andersen Consulting who will co-ordinate the implementation of this new architecture. "To address our need for strong authentication and encryption a variety of security solutions and options were evaluated. Baltimore's J/CRYPTO, pure java toolkit, was chosen because of its effective code and features required to fulfill the strict security requirements that our solution required. One selling point was its ability to integrate with Wallet solutions and Smart Card technology," commented Tor Krattebol, Project Manager, Andersen Consulting. About Baltimore Technologies Baltimore Technologies is a world leader in the provision of Information Security products and systems. Its products include solutions for Public Key Infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ), secure email, web & e-commerce. Baltimore Technologies also provides a range of C and Java cryptography toolkits and supplies design and consultancy services to the IT security industry. Its headquarters are located in the International Financial Services Centre The International Financial Services Centre (IFSC), or An Lárionad Seirbhísí Airgeadais Idirnáisiúnta (LSAI) in Irish, is a major financial services centre in North Wall, Dublin, Ireland. in Dublin. Baltimore Technologies was founded in 1976 and is privately held. Baltimore Technologies operates the EUROTRUST Trusted Third Party In cryptography, a trusted third party (TTP) is an entity which facilitates interactions between two parties who both trust the third party; they use this trust to secure their own interactions. TTPs are common in cryptographic protocols, for example, a certificate authority (CA). (TTP TTP (thymidine triphosphate): see thymine. ) infrastructure for electronic commerce throughout Europe in conjunction with commercial and industry partners. EUROTRUST is operated on behalf of and funded by the European Commission. CONTACT: Baltimore Technologies Ltd., Dublin Ms. Carol Clavin, 353-1-605 4399 press@baltimore.ie http://www.baltimore.ie |
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