HP, RSA Data Security and Wave Systems to Enable Enhanced Security for E-Mail and Internet Transactions.
Trusted-client Technology Secures Users' Digital Identities in
Hardware for PCs and Set-top Boxes
Hewlett-Packard Company, RSA Data Security, Inc., a wholly owned subsidiary of Security Dynamics Technologies, Inc. and Wave Systems Corp. (OTC BB:WAVX) today announced technology to embed digital identities in hack-resistant hardware on PCs and set-top boxes.
This new technology, based on HP and Wave's "trusted-client" architecture, will give users significantly higher levels of security than software-only solutions for e-mail messaging and Internet transactions.
RSA Data Security will support Wave Systems' EMBASSY E-Commerce System implementation of the trusted client architecture with its industry-leading BSAFE family of security-protocol toolkits. EMBASSY securely stores users' identities in hack-resistant hardware embedded in the client device.
This new solution integrates a critical new function that verifies the electronic identities of the sender and the receiver in each transaction or message, protecting against stolen identities. With current security solutions, digital identities are stored on the hard disk, which leaves them vulnerable to hacker attacks.
The trusted-client system was introduced by HP and Wave Systems last October. It is an open, programmable hardware- and software-based device that creates an exportable, secure and trusted environment within the PC. Wave's EMBASSY E-Commerce System is the first implementation of the trusted-client technology and will be included on motherboard, peripheral and set-top box chip sets due out this year from leading PC component suppliers IGST, ITE and SMSC.
The combination of RSA's applications and libraries, HP's VerSecure Security Management Framework and Wave's EMBASSY E-Commerce System provides the strongest-possible security for worldwide delivery of messaging and Internet transactions. EMBASSY, enabled by HP's VerSecure, will permit users and system OEMs to securely store a unique secure identity in the form of digital certificates.
The identity can be leveraged by RSA tools such as RSA's BSAFE S/MIME-C for messaging and BSAFE SSL-C+ for secured and authenticated network transactions. VerSecure's special encryption-management capabilities provide access to the strongest allowable encryption within the EMBASSY for worldwide exportability, limited only by local laws.
"While the global networks have quickly leveraged Internet technologies to build converged transport networks, the security approaches between industries and platforms remain fragmented and incomplete," said Al Sisto, chief operating officer, RSA.
"Our goal is to provide application developers and service providers in both the Internet and mass-media industries with a common set of functions and tools for highly secure messaging and transactions that can be implemented across many platforms, and the EMBASSY is a key element of that solution."
"Strong security is a prerequisite for value exchange in the digital world," said Steven Sprague, Wave Systems president. "RSA's support of the trusted-client architecture strengthens a universal solution for secured digital identification, paving the way for trusted Internet commerce and services such as secure e-mail. Industry-wide support for the trusted-client will significantly enhance security for businesses and consumers."
"Security is a complex global issue, with frequent changes on a country-by-country basis," said Doug McGowan, head of HP's VerSecure program.
"By creating a solution that is programmable and building an infrastructure to control a device's security characteristics based on local regulations, we have created an optimal security solution for devices connected to worldwide networks. Our alliance with RSA and Wave Systems will extend that security solution to many of the applications people use today and will use in the future."
Additional information and a white paper on the EMBASSY "trusted client" are available at http://www.wave.com and http://www.hp.com/go/versecure. Information on the RSA Data Security products is available at http://www.rsa.com/
Hewlett-Packard Company is a leading global provider of computing, Internet and intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. HP has 124,600 employees and had revenue of $47.1 billion in its 1998 fiscal year.
Information about HP and its products can be found on the World Wide Web at http://www.hp.com/. More information on VerSecure is available at http://www.hp.com/go/versecure.
About RSA Data Security, Inc.
RSA Data Security, Inc., a wholly owned subsidiary of Security Dynamics Technologies, Inc. (Nasdaq:SDTI), is a leading supplier of software components that secure electronic data, with more than 400 million copies of RSA encryption and authentication technologies installed worldwide.
RSA technologies are part of existing and proposed standards for the Internet and World Wide Web, ISO, ITU-T, ANSI, IEEE and are in use in business, financial and electronic commerce networks around the globe. RSA develops and markets platform-independent security components and related developer kits, and provides comprehensive cryptographic consulting services. RSA can be reached at http://www.rsa.com/
About Wave Systems Corp.
Founded in 1988, the mission of Wave Systems Corp. (OTC BB:WAVX) is to create the world's best technologies and services to secure and sell digital information. Wave's core EMBASSY technology is an inexpensive, proprietary hardware and software-based device that enables secure transaction processing and distributed information metering in users' PCs.
Embedded in PC hardware and peripherals, set top boxes and other devices, EMBASSY is the foundation for client-based security applications and a new distribution and purchasing model for content and services. This low-cost, secure "system within a system" will enable the personal computer to assume an important new role in the evolving digital economy.
By moving secure transactions to the desktop, Wave provides intrinsic value to the electronic commerce process, benefiting PC users, application developers, and hardware manufacturers. For more information, please visit Wave's corporate web site at http://www.wave.com.
Safe Harbor for Forward-Looking Statements
Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the loss of market share, changes in consumer buying habits and other factors over which Wave Systems Corp. has little or no control.