Mytec Technologies Inc. Incorporates RSA Technology into its Biometric Encryption Package.
TORONTO--(BUSINESS WIRE)--Sept. 16, 1997--(TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). MYT. ) 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, Inc., a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Security Dynamics Technologies, Inc. (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 :SDTI SDTI Serial Data Transport Interface
SDTI Security Dynamics Technologies, Inc.
SDTI San Diego Trolley Inc.
SDTI Serial Digital Transport Protocol ), today announced that Mytec Technologies Inc. has incorporated RSA's encryption technology into its biometric encryption solution. Mytec Technologies Inc. of Toronto, Ontario, has developed patented biometric techniques which allow an individual's unique finger pattern to be used as a secure container in which an encryption key, used to code data, can be stored. Mytec's products are designed to enable secure transmission of information across company intranets and the Internet.
Biometric encryption is the process of using the pattern found in a person's fingerprint to code or scramble an encryption key. As each finger pattern is unique, the way in which this key is scrambled is also unique. Accordingly, the scrambled key is both secure and private as only the person's live finger pattern can unscramble the key. Biometric encryption now provides an additional method of secure key management for users of the RSA algorithms.
Encryption algorithms are typically used to change readable text or "plaintext" into a non-readable form known as "ciphertext Data that has been encrypted for security purposes. See plaintext.
(cryptography) ciphertext - Text which has been encrypted by some encryption system.
Opposite: plaintext. ". All encryption schemes require an encryption key to initiate the process. This key must be stored securely because, in the hands of the wrong person, encrypted (or secret) text can be returned to its normal state and be read. As secure key management is considered the weak link of encryption chains, Mytec's technology has solved a significant problem.
"The combination of Biometric encryption with RSA's encryption technology brings a higher level of security to communication on public networks such as the Internet," said Keith Clemons, Mytec's vice president of marketing. "Electronic commerce and e-mail transactions can now be carried out with authentication of both parties in the transaction. Only an authorized individual could have sent the message and only the designated receiver can read the message. The ability to provide security as a function of something you are has always been viewed as a goal in the digital world: Mytec and RSA are facilitating that goal."
"Mytec's use of RSA encryption technology in this innovative application demonstrates the versatility of our toolkits, as well as the increasing demand in the marketplace for products that promote privacy and security," said Jim Bidzos, president of RSA Data Security.
Developers at Mytec Technologies Inc. used RSA's BSAFE cryptography engine and developers' toolkit to create secure applications. These applications require the safe storage of encryption keys. The BSAFE encryption engine provides software developers with multiple algorithms and modules for adding encryption and authentication features to applications. The BSAFE toolkit includes modules for popular encryption techniques, such as RSA, DES, RC2, and RC4, and also supports digital signatures and certificates.
Mytec Technologies Inc.
Mytec is a public company listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE)
Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol MYT. Mytec is headquartered in Toronto, Ontario with a U.S. sales office in Atlanta, Georgia.
RSA Data Security, Inc.
RSA Data Security, Inc., a wholly owned subsidiary of Security Dynamics Technologies, Inc., is the world's brand name for cryptography, with more than 80 million copies of RSA encryption and authentication technologies installed and in use worldwide. RSA technologies are part of existing and proposed standards for the Internet and World Wide Web, CCITT See ITU.
CCITT - Commite' Consultatif International de Telegraphique et Telephonique. (International consultative committee on telecommunications and Telegraphy).
CCITT changed its name to ITU-T on 1 March 1993. , ISO (1) See ISO speed.
(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. , ANSI (American National Standards Institute, New York, www.ansi.org) A membership organization founded in 1918 that coordinates the development of U.S. voluntary national standards in both the private and public sectors. It is the U.S. member body to ISO and IEC. , IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. , and business, financial and electronic commerce networks around the globe. RSA develops and markets platform-independent developer's kits and end-user products and provides comprehensive cryptographic consulting services.
Founded in 1982 by the inventors of the RSA Public Key Cryptosystem, the company is headquartered in Redwood City, Calif.
BSAFE is a trademark of RSA Data Security, Inc.
CONTACT: For Information about RSA:
Patrick Corman Marketing & Communications, 650/326-9648
For information about Mytec Technologies, Inc.
Mytec Technologies Inc., 416/ 467-9738