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nCipher awarded contract by New York-based financial institution.

TELECOMWORLDWIRE-4 June 2007-nCipher awarded contract by New York-based financial institution(C)1994-2007 M2 COMMUNICATIONS LTD

nCipher plc (LSE: NCH), a company that specialises in protecting critical enterprise data, has announced it has been awarded a contract by a major New York-based global financial institution for its keyAuthority enterprise key management solution.

keyAuthority has reportedly been chosen following a competitive tender to provide a common key management infrastructure serving the needs of multiple business areas and IT systems across the company.

According to the company, keyAuthority centralizes the storage and administration of cryptographic key material which can then be automatically distributed on-demand to servers and applications anywhere across the enterprise. It replaces manual key management processes and avoids the complexity of using the native key management features of individual applications or devices. In addition, the solution provides capabilities to manage key archiving.

KeyAuthority supports the management of symmetric keys as well as asymmetric key pairs and associated digital certificates whether used for encryption, strong authentication or digital signing applications. Its architecture utilizes FIPS-validated hardware platforms to provide tamper-resistant protection for all cryptographic processes and policy enforcement functions, the company claims.

No financial details were disclosed.

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Comment:nCipher awarded contract by New York-based financial institution.
Article Type:Brief article
Geographic Code:1U2NY
Date:Jun 4, 2007
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