SafeNet Selected by SWIFT to Protect Identities on its Financial Services Network.SafeNet Luna HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. and iKey Authentication Tokens Secure SWIFT Financial Processing Company Announces First Order BALTIMORE -- SafeNet, 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 :SFNT), setting the standard for information security, today announced that SWIFT has selected SafeNet as a provider of Hardware Security Modules (HSM) and authentication tokens for its customers to use on its worldwide financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. network. SafeNet's Luna HSMs and iKey authentication tokens will be used to protect 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 operations on the SWIFT network. SafeNet also announced that it has received its first order from SWIFT, to be delivered by the Company over the next four (4) quarters. SafeNet's Luna[R] HSM's comprise a range of hardware security solutions for digital identity applications. Luna products feature true hardware key management to maintain the integrity of encryption keys. Sensitive keys are created, stored, and used exclusively within the secure confines of the Luna hardware security module (HSM) to prevent compromise. SafeNet's HSMs provide advanced features like direct hardware-to-hardware backup, split user role administration, multi-person authentication, and trusted path A trusted path is simply some mechanism that provides confidence that the user is communicating with what the user intended to communicate with, ensuring that attackers can't intercept or modify whatever information is being communicated. authentication coupled with proven security and operational deployment experience in some of the largest PKI deployments in the world. The SafeNet iKey authentication token offers a compact hardware solution for authentication and digital identity management. While offering similar functionality to a smartcard, iKey packs two-factor authentication The use of two independent mechanisms for authentication; for example, requiring a smart card and a password. The combination is less likely to allow abuse than either component alone. See authentication. , encryption key management, and digital signing functionality into a tiny, secure package that includes an integrated USB port to eliminate the need for a separate reader device. "This is another huge step for SafeNet in providing the strong authentication technology for a highly sensitive applicationCoin this case, financial transaction security to the world's largest financial services network," said Tony Caputo, Chairman and 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 SafeNet. "SWIFT will be unmatched in its use of high assurance security technologies and we are honored to be a key part of that security strategy." About SafeNet, Inc. SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Nokia, Fujitsu, Hitachi, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Adobe, Cisco Systems, Microsoft, Samsung, Texas Instruments, the U.S. Departments of Defense and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com. About SWIFT SWIFT is the financial industry-owned co-operative supplying secure, standardized messaging services and interface software to 7,800 financial institutions in more than 200 countries. SWIFT's worldwide community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations. Editor's Note: SafeNet is a registered trademark of SafeNet, Inc. All other trademarks are the property of their respective owners. |
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